 Gasoline Price Thread |
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 Nov 19 2008, 08:04 AM
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#61
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 Spends WAY too much time at CBTL  Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2  |
Down to $1.94 in MC now, I saw as low as $1.84 on my train ride yesterday. The trend continues to be good s so far, as Crude Oil is sitting at $54, with the gasoline futures having gone as low as $1.11. If that holds up, we could be looking at $1.75 to $1.80 pretty easily.
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Nov 19 2008, 09:32 AM
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#62
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
Ha Ha!! We are $1.54 this morning! I'm so glad prices are dropping since I plan on driving home for Christmas vs. flying!
 Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Nov 19 2008, 12:11 PM
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#63
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Really Comfortable Group: Moderator Posts: 2,315 Joined: 10-February 07 From: Michigan City Member No.: 43 |
QUOTE(southsider2k7 @ Nov 19 2008, 08:04 AM)  Down to $1.94 in MC now, I saw as low as $1.84 on my train ride yesterday. The trend continues to be good s so far, as Crude Oil is sitting at $54, with the gasoline futures having gone as low as $1.11. If that holds up, we could be looking at $1.75 to $1.80 pretty easily. I was just out and about--it's $1.91 at Jewel as of 11:30am. |
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Nov 19 2008, 12:37 PM
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#64
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 Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
Bear in mind that the gas at Jewel has alcohol in it.
The difference between genius and stupidity is that there are limits to genius. Albert Einstein
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Nov 19 2008, 12:39 PM
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#65
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Advanced Member Group: Members Posts: 445 Joined: 24-August 07 From: Kissimmee, FL Member No.: 546 |
US 20 and 39 $1.84 and $1.85 at the stations accross the street from each other. Similar prices in South Bend today...  Welcome to the Michigan City Area Schools, we are over budget, over paid, overwhelmed ... |
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Nov 19 2008, 07:02 PM
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#66
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 Getting Comfortable Group: Members Posts: 35 Joined: 2-November 08 Member No.: 832 |
I saw it for $1.72 in LaPorte this morning.
It was $2.22 ish last week when I filled up. Big improvement.  |
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Nov 20 2008, 10:25 AM
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#67
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
$1.50 this morning! Gosh, I can't BELIEVE how low the prices are right now. I can't remember when gas was so cheap, it's been so long since it has been.
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Nov 20 2008, 10:26 AM
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#68
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
QUOTE(Ang @ Nov 20 2008, 10:25 AM) $1.50 this morning! Gosh, I can't BELIEVE how low the prices are right now. I can't remember when gas was so cheap, it's been so long since it has been. We had this discussion at work yesterday, so I went and looked it up on the DOE website. It was the beginning of 2005. |
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Nov 20 2008, 10:42 AM
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#69
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
FWIW, Crude Oil futures are sitting just above $50, with gasoline futures having traded as low as $1.01. $50 and $1 are both really big psychological numbers.
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Nov 20 2008, 04:07 PM
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#70
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 Really Comfortable Group: Moderator Posts: 1,658 Joined: 26-July 07 From: Michigan City Member No.: 482 |
If gas prices in MC get below $1 per gallon, I will eat a bug at noon at the corner of 11th and Franklin.
There's some incentive for OPEC to drop prices! |
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Nov 20 2008, 04:45 PM
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#71
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
What kinda bug?
How 'bout one of those great big Florida hissing cockroaches? Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Nov 20 2008, 04:49 PM
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#72
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Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
If you really want to impress OPEC, make it a thousand-legger from behind the sink!
The difference between genius and stupidity is that there are limits to genius. Albert Einstein
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Nov 20 2008, 07:30 PM
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#73
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
QUOTE(Roger Kaputnik @ Nov 20 2008, 03:49 PM) If you really want to impress OPEC, make it a thousand-legger from behind the sink! Eeeeewwwwww...... Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Nov 20 2008, 09:23 PM
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#74
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Really Comfortable Group: Moderator Posts: 1,658 Joined: 26-July 07 From: Michigan City Member No.: 482 |
Bug size and species to be determined by me should the need arise.
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Nov 21 2008, 07:04 AM
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#75
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
QUOTE(Dave @ Nov 20 2008, 04:07 PM) If gas prices in MC get below $1 per gallon, I will eat a bug at noon at the corner of 11th and Franklin. There's some incentive for OPEC to drop prices! With a 7% sales tax and about 55 cents worth of state and federal taxes on a gallon of gasoline, that is pretty much impossible anymore, so you are off of the hook! |
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Nov 21 2008, 08:04 AM
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#76
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Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
Regarding the futures price, are those the prices for 6-month delivery? And what did you say is the price range, given a specified futures price, for gas at retail?
The difference between genius and stupidity is that there are limits to genius. Albert Einstein
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Nov 21 2008, 08:51 AM
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#77
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
QUOTE(Roger Kaputnik @ Nov 21 2008, 08:04 AM) Regarding the futures price, are those the prices for 6-month delivery? And what did you say is the price range, given a specified futures price, for gas at retail? When I give a futures price, it is the next delivery month. Currently the front month is December delivery of 42,000 gallons of reformulated blend NYMEX unleaded gasoline. For our pump prices you have to take the futures price and then add about 55 cents for state and federal gasoline taxes, about a nickel for station profits, and 7% for a sales tax total. Usually that runs about 65 to 80 cents a gallon, depending on what time of year it is, and other external factors such as outages, shortages, weather, seasonal blends, etc. |
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Dec 1 2008, 01:51 PM
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#78
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
Down to $1.69 in MC, but I filled up Saturday nite for $1.49 in LaPorte at the 66 on Pine Lake Ave.
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Dec 1 2008, 02:27 PM
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#79
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Really Comfortable Group: Moderator Posts: 2,315 Joined: 10-February 07 From: Michigan City Member No.: 43 |
QUOTE(southsider2k7 @ Dec 1 2008, 01:51 PM) Down to $1.69 in MC, but I filled up Saturday nite for $1.49 in LaPorte at the 66 on Pine Lake Ave. I was in LaPorte on Saturday morning, and did the same thing. I wonder why there is a $0.20 difference between the two towns. |
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Dec 1 2008, 02:30 PM
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#80
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
QUOTE(JHeath @ Dec 1 2008, 02:27 PM) I was in LaPorte on Saturday morning, and did the same thing. I wonder why there is a $0.20 difference between the two towns. I was wondering the same thing myself. I think it must be some kind of price war, because the lowest price I have seen besides LaPorte was $1.57 in East Chicago and Hammond. Most stations are in the high 1.60's. |
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