Gas prices way up the past week

[Almighty Colin]

Gas prices way up at the pump the past week. Anyone else notice?

Might not last for long though. US light crude dropped $1.25/barrel today, crude inventories are up, and Saudi Arabia cut their export prices.

Hey Wig,

How about some chart analysis?

[Peaches]

They've been stable up here. Of course, I haven't seen a gas station in a couple of days so maybe they've gone up but on Monday, $1.54 for regular here in the hills and over the weekend, $1.47 for regular in Marietta (suburb of Atlanta).

[AM Jeff]

I got gas at Walmart on Sunday for $1.49 and its now at $1.69.

[*KK*]

2.39 for regular here today, its been climbing hugely lately, was less than two bucks two weeks ago...

[Peaches]

Originally posted by Peaches@Mar 3 2004, 08:57 PM
They've been stable up here. Of course, I haven't seen a gas station in a couple of days so maybe they've gone up but on Monday, $1.54 for regular here in the hills and over the weekend, $1.47 for regular in Marietta (suburb of Atlanta).

I forgot to add that's not an increase from the $1.47 to $1.54 - that's the usual difference between the burbs and the hills. Sometimes it's been a 14 cent difference - I try to time my fill ups for the Atlanta burbs.

[wig]

Originally posted by Colin@Mar 3 2004, 07:52 PM
Gas prices way up at the pump the past week. Anyone else notice?

Might not last for long though. US light crude dropped $1.25/barrel today, crude inventories are up, and Saudi Arabia cut their export prices.

Hey Wig,

How about some chart analysis?

Colin,

I do not follow unleaded gas futures and do just a little work on crude.

i really only keep an eye on crude because of the middle east cycles that we have been weaving in and out of since 1998. i do not trade crude.

As far as crude oil goes, i think we are in the midst of a bull market (since 1998) that has a target of at least 44.50/CL.

Short term, a weekly close above 36.10/CL will reinvigorate the uptrend and target 44.50/CL.

Conversely, a weekly close below 31.65/CL would signal a correction.

Either scenario should culminate during alignment of (major) cycles in Feb 2005.

IMHO of course. ;-)

[Winetalk.com]

with all said, the gas prices are still 1/2 what Europeans pay for gas....

[Carrie]

Went to get gas last week and it was $1.39/gallon. (Where it's been for months.)
Went to get gas Monday and it was $1.55/gallon.

I actually let go of the pump handle and leaned around the van so I could see the sign to make sure the digits on the pump weren't messed up.

We haven't seen gas prices under a dollar here in at LEAST a year. Closest we've come is like $1.03

PS - this is at the least expensive place around to get gas. I'd say it's at least $1.69 at the "normal" priced places. I'll look and see when I take the boys out today.



Last edited by Carrie at Mar 4 2004, 09:05 AM

[wig]

Originally posted by Serge_Oprano@Mar 4 2004, 07:33 AM
with all said, the gas prices are still 1/2 what Europeans pay for gas....

i hear ya... gas prices do not worry me, mostly because I do not have to drive much.

but, a fundamental case could be made for other repercussions of escalating crude prices.

i am just not interested in trying to figure that out. :P

last time i filled up, diesel was about $1.50

[Peaches]

Originally posted by wig@Mar 4 2004, 10:09 AM
last time i filled up, diesel was about $1.50

It's $1.58 a SprawlMart today - same as unleaded.

[Trev]

Originally posted by Serge_Oprano@Mar 4 2004, 02:33 PM
with all said, the gas prices are still 1/2 what Europeans pay for gas....

if not less... you don't see many V50, 60,000 gallon, drive over anything H2's over here.... no-one can afford to fuel them

[wig]

Originally posted by Trev+Mar 4 2004, 09:22 AM-->