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Thread: Gas Prices

  1. #61
    Indy is #1 wbr's Avatar
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    Quote Originally Posted by cheeseczar View Post
    www.horacefamilychiro.com

    Our Daughter! The Wife and I both need adjusting.
    Nice looking facility; and the good Dr. is pretty easy on the eyes too. You both should be very proud of her.

    ND is a bit too far to go regularly but I'll remember she's there if I am hurting in Horace.

  2. #62
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Well, it happened in Indy: a price spike above $4.

    Looks like the new popular price is $4.15. Get it under $4 today if you can.
    If you agree with ISIS and really think God/Nature sends hurricanes as punishment, please explain why he is so angry at Barbuda...

  3. #63
    Insider Truth Detector's Avatar
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    Any idea why?
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  4. #64
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Quote Originally Posted by Truth Detector View Post
    Any idea why?
    Not yet. The guy who posts the spike line information on indygasprices.com is usually able to predict spikes at least a day in advance. But last night he had a pretty good margin built in, which normally means no spike.

    I know the knee-jerk reaction is usually "greed" or "because they can," but in almost every case the spikes are explainable with math. I just haven't seen the explanation for this one yet. I'll keep an eye out.

  5. #65
    Insider Frank Capua's Avatar
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    $3.89 down here. I remember last May/June the major fluctuations (30 cents per jump) were causing mental anguish up in Indy.

    "Ride the Barrel and get pitted... So Pitted."



  6. #66
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Even by sacrificing only a small amount of attention to the trends, I can usually stay ahead of the spikes.

    If there is no actual reason for the spike, prices should fall back to a mathematically supported range pretty quickly. I've seen that on several occasions.

  7. #67
    Insider Frank Capua's Avatar
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    I saw that occur on several occasions over a 40 day period up in Indy last summer.

  8. #68
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    3.89 up here but we use a Kwik-Trip credit card and get a 2 or 3 cent/gallon rebate on the bill. It gets paid off each month.
    ...---...

  9. #69
    iLl-enfORmed yOKel Ren Butler's Avatar
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    But most of the spikes have a mathematical basis. If so, the decline is more gradual. The typical price chart in Indy is fast spikes and slow declines.



    If today's spike is unsupported, the decline will be quite a bit steeper.

  10. #70
    SENÓR MODERATOR
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    paid 3.83 this morning at Madison Ave. and County Line Rd. Truthy.......then came from the house to Camby Rd. and 67 and sall that it had gone to 4.15..It took 29 gallons to fill the Avalanche today.................
    SENÓR MODERATOR......

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  11. #71
    Insider Jim Wilke's Avatar
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    $4.23 here.

  12. #72
    Insider Frank Capua's Avatar
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    Quote Originally Posted by Jim Wilke View Post
    $4.23 here.
    What you get paid by the oil industry should off-set that a bit.

  13. #73
    Insider Jim Wilke's Avatar
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    The oil industry doesn't pay me anything. Alaska is the only state in the union where the subsurface and mineral rights belong to the state - me - and not to the federal govt.

    The oil coming out of the ground at Prudhoe Bay is mine.

  14. #74
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    Quote Originally Posted by Jim Wilke View Post
    The oil industry doesn't pay me anything. Alaska is the only state in the union where the subsurface and mineral rights belong to the state - me - and not to the federal govt.

    The oil coming out of the ground at Prudhoe Bay is mine.
    But, ...you're gonna share, right?

  15. #75
    Insider Jim Wilke's Avatar
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    Come right on up, still time to get in line before the next big oil boom, starts in about 60 days. This drill rig in Seattle is headed north - soon.


  16. #76
    Is Bat Boy KevMcNJ's Avatar
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    I lived outside of Seattle for a couple years

    Seeing that every day has to bug lots of the locals
    "If Brian France sold tractors, people would quit farming." -attackforumfan

  17. #77
    Insider BADGER's Avatar
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    Quote Originally Posted by Jim Wilke View Post
    The oil industry doesn't pay me anything. Alaska is the only state in the union where the subsurface and mineral rights belong to the state - me - and not to the federal govt.

    The oil coming out of the ground at Prudhoe Bay is mine.
    Really, what did you or any other Alaskan do to earn it. Why should Alaska get special treatment?

  18. #78
    Insider Jim Wilke's Avatar
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    Quote Originally Posted by BADGER View Post
    Really, what did you or any other Alaskan do to earn it. Why should Alaska get special treatment?
    It was written in the Alaska Statehood Act.

    (i) All grants made or confirmed under this Act shall include mineral deposits. The grants of mineral lands to the State of Alaska under subsections (a) and (b) of this section are made upon the express condition that all sales, grants, deeds, or patents for any of the mineral lands so granted shall be subject to and contain reservation to the State of all of the minerals in the lands so sold, granted, deeded, or patented, together with the right to prospect for, mine, and remove the same. Mineral deposits in such lands shall be subject to lease by the State as the State legislature may direct: Provided, That any lands or minerals hereafter disposed of contrary to the provisions of this section shall be forfeited to the United States by appropriate proceedings instituted by the Attorney General for that purpose in the United States District Court for the District of Alaska.

    http://www.lbblawyers.com/statetoc.htm

  19. #79
    Is Bat Boy KevMcNJ's Avatar
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    What is the difference with ANWR then?

    Why is that closed off if its on Alaskan soil?

  20. #80
    Insider Frank Capua's Avatar
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    Quote Originally Posted by Jim Wilke View Post
    The oil industry doesn't pay me anything. Alaska is the only state in the union where the subsurface and mineral rights belong to the state - me - and not to the federal govt.

    The oil coming out of the ground at Prudhoe Bay is mine.
    Wait... So in Alaska you are the Oil Industry?

    Is it enough to offset the Cost of Living in Alaska? Or does it just offset the fact that you are living somewhere cold?

  21. #81
    iLl-enfORmed yOKel Ren Butler's Avatar
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    So, anyway, how 'bout them gas prices?

  22. #82
    Insider Frank Capua's Avatar
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    Quote Originally Posted by Ren Butler View Post
    So, anyway, how 'bout them gas prices?
    I know your pain because I was up there to experience it last summer but it's still $3.89 down here.

    You have some sick folks running the retailers association up there... sure what they are doing is legal, from what I understand they take it right up to the legal limit based on the wholesale price but it's aggressive marketing to say the least and I don't care for the angst it puts my Mom through.

    I'm sure there are other markets where they do the same thing but I don't know where they are.

  23. #83
    Insider Truth Detector's Avatar
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    Quote Originally Posted by Frank Capua View Post
    I'm sure there are other markets where they do the same thing but I don't know where they are.
    Wherever Speedway gas stations are.

  24. #84
    1of6 IndyMichael's Avatar
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    It was still $3.92 when my wife drove past the Kroger in Westfield, on way home from work. Went back with her and filled the Burban and her Mazda 5, for $3.42 with my Kroger card discount.

  25. #85
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Quote Originally Posted by Truth Detector View Post
    Wherever Speedway gas stations are.
    Things aren't exactly as they were a couple years ago. Indeed, Speedway used to set the spike line. They list the price on their web site for every Speedway station in the country, and you could usually see every Speedway in a given area spike at the same time.

    But with recent spikes in Indy, there have been only around 20 Speedway stations spiking at the same time. Even now, you can see that only about 30 of their Indy stations have spiked. Meanwhile, one station is still as low as $3.789.

    Perhaps some of the stations are low because of competition on the same corner. But that would seem to contradict the idea that Speedway drives the price for the whole area.

    Bottom line: it's pretty complicated, and I wish I had more specific insight into the process of setting prices. It's certainly not as simple as the "greed" accusers make it out to be.

  26. #86
    Insider Truth Detector's Avatar
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    Speedway has clearly changed their strategies but cities with no Speedways just don't have the spikes that Speedway cities do.

  27. #87
    "h" is my middle name PHJIndy's Avatar
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    Quote Originally Posted by Truth Detector View Post
    Any idea why?
    Because they can.
    Have a very blessed day!

  28. #88
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Quote Originally Posted by PHJIndy View Post
    Because they can.
    And as I mentioned yesterday, that falls squarely into the same category as "greed": a desperate search for the simplest answer, even if it's not the most accurate or telling.

    I don't say that critically, and I see the winky. But I've heard that same answer so many times before that I'm sure some people actually believe that's the reason why retailers are raising gas prices.

  29. #89
    "h" is my middle name PHJIndy's Avatar
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    Quote Originally Posted by Ren Butler View Post
    And as I mentioned yesterday, that falls squarely into the same category as "greed": a desperate search for the simplest answer, even if it's not the most accurate or telling.

    I don't say that critically, and I see the winky. But I've heard that same answer so many times before that I'm sure some people actually believe that's the reason why retailers are raising gas prices.
    Somebody is makin' a few extra bennies!

  30. #90
    Insider Truth Detector's Avatar
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    There are many stations who simply look out their window at the station across the street and price their gas similarly.

    Does that meet the definition of collusion? Probably wouldn't hold up in court but it is enough to frustrate the gas-buying customer.

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