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Price Of Gas IN GAME Thread  Rating:  Rating
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 Posted: Tue Apr 26th, 2011 07:16 pm
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clawmaster
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clawmaster wrote: It was $3.89 the last time I filled up. I'll stop by the cheap place tomorrow and see what it is now.

$4.06 a gallon.



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 Posted: Tue Apr 26th, 2011 10:45 pm
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Benlen



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katook wrote: I refuse to buy fuel here in North Carolina,their taxes are the highest around this whole region,and since I travel all throguhout the week I have the option of filling up in one of the border States.

California the tax is 66 cents a gallon.  I'm down 66 cents as soon as I lift up the nozzle.

Last edited on Tue Apr 26th, 2011 10:45 pm by Benlen



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 Posted: Wed Apr 27th, 2011 06:32 am
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nyhack56



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Just went up to 3.73 in central NJ.  I was in the 3.60s for the last 2 weeks.



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 Posted: Thu Apr 28th, 2011 02:37 pm
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khawk
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Went up another 5 cents overnight here...$1.39 per litre.



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 Posted: Mon May 2nd, 2011 11:36 pm
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clawmaster
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clawmaster wrote: clawmaster wrote: It was $3.89 the last time I filled up. I'll stop by the cheap place tomorrow and see what it is now.

$4.06 a gallon.

$4.19 a gallon.



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 Posted: Tue May 3rd, 2011 03:13 am
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beejmi
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$3.99 in Philly. Nowhere close to Memorial Day.

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 Posted: Tue May 3rd, 2011 03:21 am
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filled up today for $4.13

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 Posted: Tue May 3rd, 2011 03:23 am
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Benlen



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4.23 for me yesterday



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 Posted: Tue May 3rd, 2011 03:38 am
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I did forget to add I coulda hit up a Clark station near me for some post Osama killed $3.46/gallon, but that station also recently re-opened after having damaged 12 vehicles have issues after water got into the tanks, and instead of replacing the tanks, they simply welded a patch over the section where water leaked into the tank.  This was also the 4th time in the past 5 yrs that station has had water in their gas tank

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 Posted: Thu May 5th, 2011 03:34 am
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beejmi
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Futures are down, inventory is high, demand down 2%

NEW YORK (Dow Jones)--Oil futures settled at their lowest level in two weeks Wednesday after a report showed U.S. oil supplies rose more than expected last week, confirming doubts that demand is keeping up with supply.

A disappointing reading on U.S. nonmanufacturing activity also raised concerns about weak U.S. fuel demand, weighing on prices.

Light, sweet crude for June delivery settled down $1.81, or 1.6%, at $109.24 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled down $1.26, or 1%, to $121.19 a barrel.

Oil inventories rose 3.4 million barrels last week, the Department of Energy said in its closely watched report on U.S. oil and fuel product inventories. Oil supplies have been climbing steadily in recent months as refineries switch gears to ramp up gasoline production for the summer driving season. But the increase was greater than the 2 million-barrel build expected from analysts, signalling less demand from refiners.

"This inventories report is not encouraging any buying," said Matt Smith, oil analyst at Summit Energy in Louisville, Ky.

Gasoline stockpiles fell 1 million barrels, while inventories of distillates, including heating oil and diesel, fell 1.4 million barrels, according to the DOE's Energy Information Administration.

Analysts predicted gasoline stocks would rise 100,000 barrels. They were looking for distillate stocks to climb 400,000 barrels.

Oil prices were lower throughout the day, beginning their steep drop after the Institute for Supply Management said the U.S. nonmanufacturing sector grew less than expected last month. Oil traders are closely scrutinizing reports on economic activity in the U.S., the world's largest crude consumer, and any sign that the recovery is not on track tends to weigh on prices.

The ISM's nonmanufacturing purchasing managers' index dropped to 52.8 last month from 57.3 in March. Forecasters surveyed by Dow Jones Newswires had expected the April PMI to slip to 57.0. Readings above 50 indicate expanding activity.
"We are moving on growth and if there is none, there goes oil," said Carl Larry, director of energy derivatives and research at Blue Ocean Brokerage in New York.
Crude on the Nymex has fallen more than 4% this week as concerns about U.S. demand levels have come into focus. The decline comes amid signs that consumers are starting to cut back on gasoline purchases as pump prices close in on the psychologically important threshold of $4 a gallon. A gallon of regular on Wednesday, on average, cost $3.98 a gallon, according to auto club AAA.

The EIA report showed gasoline demand last week fell 2.2%. For the full month of April, gasoline demand fell 1.9%--the biggest drop in four-week demand levels in more than a year.

On Tuesday, a SpendingPulse report released by MasterCard Advisors LLC showed U.S. weekly gasoline demand fell 1% last week.

Crude could see further losses later this week if additional readings on the U.S. economy fail to impress. The Labor Department's April nonfarm payrolls report, the most closely watched reading on U.S. hiring, is due Friday.

"This market has a lot of hot air between here and $106.75, so we're really going to drift lower," said Tony Rosado, a broker with GA Global Markets.

Front-month June reformulated gasoline blendstock, or RBOB, settled down 0.69 cent, or 0.2%, to $3.3225 a gallon. June heating oil settled down 4.78 cents, or 1.5%, to $3.1430 a gallon.

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 Posted: Sun May 8th, 2011 11:57 pm
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beejmi
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$3.93

Down six cents from last week

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 Posted: Mon May 9th, 2011 01:07 am
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Benlen



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4.41 at a Shell station today...for regular. WTF!



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 Posted: Mon May 16th, 2011 10:13 pm
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beejmi
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$3.89 today.  Price of crude keeps dropping ($97)

Anyone thinking this applies? (below)


"Price fixing is an arrangement in which several competing businesses make a secret agreement to set prices for their products to prevent real competition. It is a criminal violation of federal antitrust statutes.Price fixing also includes secret setting of favorable prices between suppliers and favored manufacturers or distributors to beat the competition."

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 Posted: Mon May 16th, 2011 10:28 pm
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broke



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Of course it is - Oil should be at least 10 cents per litre/35 cents per gallon cheaper now than it is.



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 Posted: Mon May 16th, 2011 10:34 pm
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broke wrote: Of course it is - Oil should be at least 10 cents per litre/35 cents per gallon cheaper now than it is.
Yep. Just heard on KFI today., that they're "expecting gas prices to continue to fall within the next few weeks. We could see to as low as $3.00 a gallon, and possibly even lower"...I doubt that happens mind you. It sure would be nice.



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