stovetop24 said: still hovering near $4.00 in Connecticut
CT has some of the highest gas prices on the East Coast. When traveling long distance by car, I always make sure I have enough gas to make it to Mass northbound or NJ southbound to fill up there.
geeoye
Nerdy Member
posted: Jun. 1, 2012 @ 10:57a
The cheapest in North East NJ is $3.35.
billetera
Senior Member
posted: Jun. 1, 2012 @ 11:28a
Last time I've checked (last night) 87 regular at a Total (tends to be one of the more expensive brannds of gas here, BTW...) station in my 'hood was $0.857/liter ($3.257/gallon), so today some independent (no-brand) stations might have dropped to $0.837/liter ($3.181/gallon)...
But still, based on the real cost of refining gas (and real demand shifts) + reasonable profit + no "speculation profit" regular gas should've been priced here in PR slightly above $0.60/liter ($2.36/gallon) or slightly above $0.65/liter ($2.55/gallon) as the US average...
nsdp
Dismembered Member
posted: Jun. 1, 2012 @ 11:30a
Careful people the, $84/b price is for "paper" barrels not a cash price. Cash price is $86.53 at Cushing. http://www.wtrg.com/daily/oilandgasspot.html You have a similar disconnect going the other way on natural gas at Henry. Option price is $2.42/mmbtu and cash price is $2.33. Less than 10% of futures contracts turn into "wet" barrels for any given month. Futures markets are more akin to playing dice with someone who has loaded them.
The number you want to focus on is RBOB(summer blend with a much lower Reid Vapor pressure much more expensive to refine) which is the feedstock without ethanol and state and federal taxes. That is $2.87 in NY Harbor. So for SC you would back out about 1/3 of the pipeline tariff for Colonial Pipe Line to get the cost from the gulf coast refineries to your market. Ethanol is $2.40 FOB Nebraska. You will likely have significant rail freight to SC. Puerto Rico you are going to be using imported oil which is $104/barrel. Use international prices since the way pipelines are currently configured there is no way to move WTI from Cushing to the Gulf Coast for transhipment to Puerto Rico. Your refineries run Isthmus crude from Mexico usually. Don't think they can crack Maya.
Add state and federal taxes per gallon to get cost to. the distributor; subtract that from the pump price to get the combined spread for the distributor and retail markets. $4 in Connecticut all I can say is that there is either state taxes that are very high or incredible market discipline.
bookreader54321
Greedy Member
posted: Jun. 1, 2012 @ 11:47a
Still $4.00 a gallon in Reno, NV.
DeFiantROA
Senior Member
posted: Jun. 1, 2012 @ 12:05p
Save up for a cheap hybrid Honda and Toyota in the future.
DaCheeze
Senior Member
posted: Jun. 1, 2012 @ 12:43p
Guess i'll drive down from NJ...
lordoffire
Senior Member - 4K
posted: Jun. 1, 2012 @ 1:33p
still tree fitty....
qube
Cranky Member
posted: Jun. 1, 2012 @ 1:39p
Then you have to live in SC.
LetsGoMets1
Cranky Member
posted: Jun. 1, 2012 @ 2:08p
Delete
kantoquad
Member
posted: Jun. 1, 2012 @ 2:10p
as a Californian, I hate you $4.05 here still
LetsGoMets1
Cranky Member
posted: Jun. 1, 2012 @ 2:14p
Delete
Dawgswin
Serene Member
posted: Jun. 1, 2012 @ 2:17p
Paid 3.63 this morning in Scottsdale, AZ....home of more Escalades with two sets of golf clubs in them per square mile than any place on Earth.
AceroSBU
Dismembered Member
posted: Jun. 1, 2012 @ 2:44p
$3.89 in NY. Hasn't moved for about 3 weeks now.
dewce
Senior Member
posted: Jun. 1, 2012 @ 2:49p
$4.25 and still going up in Portland metro.
xpaphil
Senior Member - 1K
posted: Jun. 1, 2012 @ 3:38p
4.28 in Port Angeles, WA. I was down in south Georgia/north Florida last month and it got down to 3.71 while I was there. I thought gas would be less here than when I left but not even.
king0fSpades
Senior Member - 3K
posted: Jun. 1, 2012 @ 6:41p
homerj31 said: time to get a SUV or truck again. No it's not. You get a better deal when gas goes higher. When gas is low everyone tries to buy one and push the prices higher.
nsdp
Dismembered Member
posted: Jun. 1, 2012 @ 6:51p
New Braunfels Tx $3.08 reg $3.20 mid, $3.35 premium $3.32 road Diesel. Buc-ee's new store opening
NOTPC
Member
posted: Jun. 1, 2012 @ 6:55p
yeah cause nobody has a job
babyluv
Addicted Member
posted: Jun. 1, 2012 @ 7:28p
NOTPC said: yeah cause nobody has a job What the hell does that have to do with the price of tea in China (or the price of gas in South Carolina)?
vetaldj
Member
posted: Jun. 1, 2012 @ 8:28p
$4.39 in Honolulu
king0fSpades
Senior Member - 3K
posted: Jun. 1, 2012 @ 8:34p
babyluv said: NOTPC said: yeah cause nobody has a job What the hell does that have to do with the price of tea in China (or the price of gas in South Carolina)?
I think he meant no job, no money, therefore no vehicles or vacations, so no need to buy gas. No demand, means prices go down.
wizardking
Thrifty Member
posted: Jun. 1, 2012 @ 8:53p
babyluv said: NOTPC said: yeah cause nobody has a job What the hell does that have to do with the price of tea in China (or the price of gas in South Carolina)? If you have no money you get no tea, and have a sad face.
What I want to know is why gas in HI and the Seattle area is about the same price. We don't have to ship over water to get our gas.
Election year's politics, no signs of economic improvement so at least lets reduce the gas prices to make people happy and get their votes...........
billetera
Senior Member
posted: Jun. 1, 2012 @ 9:29p
For "nsdp"...
Believe it or not, ~ 1/2 of Puerto Rico's gasoline supply is NOT from the US Gulf Coast, even though our supply prices are based on that of the USGC. It's from Venezuelan oil (yes, its' got greasy Dictator Chavez's fingerprints all over it...) that has been refined in route (Aruba/ABC's, Barbados, Trinidad or St. Croix, if it's still working), so no ethanol or that other stuff. That's why when the hurricanes affected the supply on the USGC (to the point of having no gasoline for stations in cities like Atlanta or Miami) Puerto Rico was less affected (the USGC has only 1 supply route, Puerto Rico has 2).
Pretty consistently for the last 5-7 years the average price of all comparable (by grade, type of location and brand segmentation) fuel grades in Puerto Rico has been ~ $0.07/liter ($0.23/gallon) below that of Dade County (Miami), FL...
"What I want to know is why gas in HI and the Seattle area is about the same price. We don't have to ship over water to get our gas."
Hmmm... If the supply is from AK it has to be shipped by boat (BC stands between 'em) and if it is from elsewhere is US, WA most probably the "end of the line" of the supply from expensive CA, like Miami, FL is from Houston, TX, hence the extra expense...
wizardking said: babyluv said: NOTPC said: yeah cause nobody has a job What the hell does that have to do with the price of tea in China (or the price of gas in South Carolina)? If you have no money you get no tea, and have a sad face.
What I want to know is why gas in HI and the Seattle area is about the same price. We don't have to ship over water to get our gas.
Here's your answer. A refinery shut down for maintenance and another one that had a fire.
I topped off Wednesday afternoon at $3.38 and today it's town to $3.20. I talked with a friend this evening who said the price dropped in one move yesterday afternoon.
elizard
Happy Member
posted: Jun. 2, 2012 @ 6:30a
kantoquad said: as a Californian, I hate you $4.05 here still
Nope, it's worse. $4.28 last I looked at Arco cash price in Los Angeles.
jwood71
Thrifty Member
posted: Jun. 2, 2012 @ 6:45a
No votes here in SC. Jobs here are plentiful. BMW,Michelin,New Amazon going up,Td Bank,ICAR all hiring. The unemployment we do have here are drop-outs,druggies, criminal record breakers and those waiting for handouts
bookreader54321
Greedy Member
posted: Jun. 2, 2012 @ 8:31a
Reno dropped down to $3.91.
At least it went down a little.
Indobid
New Member
posted: Jun. 2, 2012 @ 9:01a
$4.20 arco los angeles. not fair, should be around $3.60 with current oil price
woolooloo
Senior Member
posted: Jun. 2, 2012 @ 1:01p
Diesel still isn't moving, it didn't drop the last time gas dropped either.
mikejensen
Silly Member
posted: Jun. 2, 2012 @ 1:32p
~$4.25 in the Bay Area.
Skipping 14 Messages...
billetera
Senior Member
posted: Jun. 3, 2012 @ 8:00p
When I mean "cash discount", which we pretty much understand is a slightly disguised credit/debit premium is for fuel retail prices, which is what this discussion was originally about, not wholesale fuel or crude oil pricing...
In the discussion the supply flow and the wholesale and crude oil pricing levels can give tendencies of how the retail pricing could (but not always) do...
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