Gas prices: Going up or down?

[House of Roberts]

The last caller on Thom Hartmann just mentioned his gas prices at Costco have gone up.

Are your gas prices still declining or are they ticking back up?

Mine in North Alabama have just reached $2.999 for regular for the first time since they passed that level on the way up.

[DetroitLegalBeagle]

1. Michigan here, been going back up for the past week or so by me

Regular is crossed back over $4/gal last weekend it looked.

[gibraltar72]

15. Up to $4.19 here in the wrist.

[AZSkiffyGeek]

2. Definitely going back up in Phoenix

$3.55 at the beginning of the month. $4.19 now.

[demmiblue]

3. Up. The nearest gas station to me jumped 30+ cents in the past couple of days. n/t

[Elessar Zappa]

4. Ours went from $3.79 to $3.99.

I hope it’s not a trend. Rising gas prices could hurt our chances in November, even though Democrats can’t do anything about them.

[GreenWave]

5. $ 3.09 in Eastern Virgin Aye a.

Appears to be stable but soon will come the hurricane bs to inflate it.

[spanone]

6. Costco here in TN has been dropping all week Now $3.09

[NowISeetheLight]

7. Yes...

A few weeks ago it was $4.99 here in Palm Springs CA. Now it's back to $5.69. Not sure why.

[Torchlight]

8. Down from about $3.10 last week to $3.00 this week

In the Dallas area, sample based on about seven or eight gas prices on display we pass during our commute.

[Midnight Writer]

9. Jumped 40 cents on Tuesday, from 3.59 to 3.99. Central Illinois.

$4.oo a gallon used to be considered a psychological tipping point, so stations would try to keep it below that. I don't know if that still holds true.

[Polybius]

10. They are going up again

At least here in NYC.

[onecaliberal]

11. Going up, but didn't go down much in my area.

[ProfessorGAC]

12. Speculators Bid Them Up Over Ian

They rose 10% here Monday.
Interesting math given that Florida only generates 3% of US fuel, and less than 60% of their refineries shut down overbthe hurricane.
So, gas went up 10% over a possible 1.8% temporary drop in supply while the industry is running at 84% of capacity.
Things that make you go "Hmmmm".

[Emile]

13. Going back up here. Neighbor says, it's because Biden

Last edited Wed Sep 28, 2022, 03:50 PM - Edit history (1)

shut down the Keystone pipeline.

Sarcasm. . .

[Bettie]

14. They always tick up when there is a hurricane that looks

like it will hit the US.

[hardluck]

16. They've been moving up all month in Los Angeles

I'm fortunate to have purchased an EV at the end of May.

[kysrsoze]

19. Yup - about $6/gallon avg. in LA County. We have 1 electric, but pay through the nose on the other.

Needless to say, the electric is getting a lot more use these days. I think oil companies, refiners and station owners have figured out people will buy gas anyway - price inelasticity. I'm sure they're going to hose everyone as hard as they can for as long as they can.

[Initech]

17. Over $6.00 here in So Cal.

[LakeArenal]

18. Do taxes affect the price of gas by state?

[jcgoldie]

22. yes

Here in metro east IL people regularly go across the river to buy gas in MO where its normally about 20 cents cheaper due to lower gas tax.

[MichMan]

24. Of course they do

In Michigan, not only do we have 18 cents a gallon federal tax and 51.7 cents a gallon state tax, we also get to pay sales taxes of 6% on the total price including the federal & state tax.

[kacekwl]

20. Up for some reason.

I'm sure they will fine one.

[VMA131Marine]

21. Just dropped significantly in Connecticut

There are lots of places where gas is under $3/gal and the majority of stations have seen diesel drop under $5/gal where it seemed they had been stuck for weeks.

[CentralMass]

23. I've heard that in Oregon the price has gone up by ( the most in the country) 50 cents/gal

I am fortunate enough to still be working remotely and I have been ealking to the store for small shopping trips and or to pick up takeout just for the exercise so I haven't bought gas in awhile.
The current average in Portland is $5.29/gal it was $4.75/gal avg last week.

[MerryBlooms]

27. $4.73 couple weeks ago, $5.53 yesterday. Medford, OR

[GreenWave]

25. Is there a general Blue governor vs Red Governor correlation?

[Tickle]

26. sadly mine have

been going up to.

[luv2fly]

28. Southcentral Wisconsin is $3.99

Up 70 cents in the last week or so. I read on the local news site that it's due to some oil refinery fire in Ohio and should come down again soon though.

[BajaDoll]

29. Nor Cal yesterday...$6.79

Premium Chevron. Anyone beat that????. Cut rate stations 5.55 regular...take your chances LOL.( My wife's Ford Escape wont run on it).

[CentralMass]

30. Oregon gas prices rising faster than anywhere in the country

https://www.opb.org/article/2022/09/27/oregon-gas-gasoline-prices-fuel/

[MurrayDelph]

31. When I left coastal Oregon three weeks ago

gas was 40¢/gallon cheaper than GasBuddy says it is now.

And the Costco I gassed up at in LA ten days ago is 77¢ more now

[Akacia]

32. Going up! 5.19 as of today up from 4.79 Shelton, Wa.