gillbot Posted November 25, 2015 Report Share Posted November 25, 2015 Was always 10c between grades up until maybe 5 years ago, when I started seeing 15c between grades. It's only been in the last couple months that I've seen a pumps with 20c between, and none at 25c. It's a $1.50 span here from regular to premium. Quote Link to comment Share on other sites More sharing options...
Wease Posted November 30, 2015 Report Share Posted November 30, 2015 It's a $1.50 span here from regular to premium. What?! That makes no fucking sense. So you're saying that if 87 was $1.50, 92 is $3.00?! Quote Link to comment Share on other sites More sharing options...
gillbot Posted November 30, 2015 Report Share Posted November 30, 2015 What?! That makes no fucking sense. So you're saying that if 87 was $1.50, 92 is $3.00?! Yes. Premium here is out of control. Edit; the best I've gotten recently on premium here is 2.92/gal but I haven filled up in a few weeks. Quote Link to comment Share on other sites More sharing options...
bmwohio Posted November 30, 2015 Report Share Posted November 30, 2015 I paid $2.14 for premium yesterday (2.04 with my 10 cent off) at the Turkey Hill at Rt. 3 and Polaris/Maxtown Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted November 30, 2015 Report Share Posted November 30, 2015 It's a $1.50 span here from regular to premium. you tend to see this mostly around rural gas stations/stations in travel centers along major interstates. Drive around Polaris and you'll see a $.30-40 gap from reg/prem, go up one exit to Delaware/Sunbury off I71 and it's a $.80 gap. Bullshit. Quote Link to comment Share on other sites More sharing options...
Orion Posted November 30, 2015 Report Share Posted November 30, 2015 How does the strong USD play into this? much effect? Damn, just saw this question. Sorry for the wait on this one. Typically the relationship between the dollar and crude prices are inverse. Meaning that a strong dollar will bring the price of crude down some, and vice versa. All crude is traded on the dollar, but if you use something else for currency, then the exchange rate will essentially add either a premium or a discount when purchasing crude. Quote Link to comment Share on other sites More sharing options...
B3NN3TT Posted November 30, 2015 Report Share Posted November 30, 2015 Just checked Gas Buddy. Cheapest Regular in my vicinity is Ghetto BP at Hague & Sullivant, at $1.67. Conversely, their Premium is $2.37, a 70¢ difference. The BP in Grandview is the closest station to me. Their Regular is $1.85, but their Premium is only $2.28 - only 43¢ difference. So what gives with these places? Quote Link to comment Share on other sites More sharing options...
Orion Posted November 30, 2015 Report Share Posted November 30, 2015 Couple things on the gas price spread. One, gas prices are far more regional than national, so that spread is going to look different depending on where you are. Two, for a while there, refineries moved away from refining the high test gasoline, instead producing more of the low test stuff. As the economy has improved and oil prices have fallen, refineries are moving back into it, but that doesn't happen overnight. Three, MANY more cars in the last 5 years are "requiring" high test fuel, and the people that own those cars are doing well enough to actually BUY the fuel that the manufacturer is asking for. So, from where I sit, it's really just a case of supply and demand in this case. Supply fell, demand increased, supply is ramping back up, but in the meantime, you are paying a premium fo dat "Premium", yo. Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted November 30, 2015 Report Share Posted November 30, 2015 I've been paying 2.15 for 93 for the past month here in the Charlotte area, can't complain. Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 1, 2015 Report Share Posted December 1, 2015 you tend to see this mostly around rural gas stations/stations in travel centers along major interstates. Drive around Polaris and you'll see a $.30-40 gap from reg/prem, go up one exit to Delaware/Sunbury off I71 and it's a $.80 gap. Bullshit. Yeah I live in the sticks unfortunately. Gap has fallen closer to $1-1.25 lately but still hovering at just under $3/gal for premium. My buddy advised me to try a few stations a couple towns away where they don't advertise their premium but they are closer to $0.75 more than regular which should put it under $2.50/gal. Quote Link to comment Share on other sites More sharing options...
BStowers023 Posted December 1, 2015 Author Report Share Posted December 1, 2015 Any ideas when prices will start to shoot back up like they inevitably will? Quote Link to comment Share on other sites More sharing options...
POS VETT Posted December 1, 2015 Report Share Posted December 1, 2015 Any ideas when prices will start to shoot back up like they inevitably will? Go ahead and make a bigger ruckus within the OPEC members and I can give you a prediction of when gasoline retail in the US might shoot up. Quote Link to comment Share on other sites More sharing options...
Orion Posted December 1, 2015 Report Share Posted December 1, 2015 Any ideas when prices will start to shoot back up like they inevitably will? If I knew that, I wouldn't be dicking around on ColumbusRacing talking to you degenerates. Seriously, though....NO. I wish. That is what makes Commodities "not" stocks. You can't just buy some and sit on them, because you will, eventually, have to deliver. So, there is, essentially, an "expiration date" on commodities futures. That being said, If I were trading, I would be long crude right now, and NG for that matter. Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 1, 2015 Report Share Posted December 1, 2015 It's coming. We do a lot in shale gas and we slowed way down end year 15 and we aren't sure what 16 will bring but we aren't overly concerned. If it doesn't recover in 16, everyone seems to believe 17 will be killer! Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 1, 2015 Report Share Posted December 1, 2015 I'm long crude for sure, but I think we haven't seen the bottom for NG yet. Quote Link to comment Share on other sites More sharing options...
gillbot Posted December 2, 2015 Report Share Posted December 2, 2015 Yeah I live in the sticks unfortunately. Gap has fallen closer to $1-1.25 lately but still hovering at just under $3/gal for premium. My buddy advised me to try a few stations a couple towns away where they don't advertise their premium but they are closer to $0.75 more than regular which should put it under $2.50/gal. Ended up panning out better than I expected. Got premium for $2.29/gal which was only $0.60 more than premium. Way better than the local $2.80+, and the station is only ~20 minutes away so not too bad of a drive to get it. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 2, 2015 Report Share Posted December 2, 2015 So would you guys recommend buying now? I know this sounds dumb, but I have an IRA that's just sitting there as a waste of life (previous company rollover). I could cash some of that out and buy crude- think I'd make more than the IRA? So far I've lost $400 this year. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted December 2, 2015 Report Share Posted December 2, 2015 So would you guys recommend buying now? I know this sounds dumb, but I have an IRA that's just sitting there as a waste of life (previous company rollover). I could cash some of that out and buy crude- think I'd make more than the IRA? So far I've lost $400 this year. USO Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 2, 2015 Report Share Posted December 2, 2015 USO Huh? Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted December 2, 2015 Report Share Posted December 2, 2015 Huh? https://www.google.com/finance?q=uso&ei=sDdfVvmhO5SbmAHfqJroAg Quote Link to comment Share on other sites More sharing options...
Orion Posted December 2, 2015 Report Share Posted December 2, 2015 Shall we place a gentlemens wager? $50 says that (if we even remember in a year) the price of oil does not close below $35. We could do it on the daily close or the monthly, I'll let you pick. Don't look now, but Crude in the prompt month is touching ~$39.xx today... :dumb: Hope I don't lose $50. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted December 2, 2015 Report Share Posted December 2, 2015 https://www.google.com/finance?q=uso&ei=sDdfVvmhO5SbmAHfqJroAg So he's saying to buy that? Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 2, 2015 Report Share Posted December 2, 2015 I bought more USO today. Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted December 2, 2015 Report Share Posted December 2, 2015 So he's saying to buy that? That would be up to you. I stay away from long term plays 99% of the time. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted December 2, 2015 Report Share Posted December 2, 2015 That would be up to you. Hahaha, I read his question and am like, I'm not going to be the one who told you to invest in something, lol. Quote Link to comment Share on other sites More sharing options...
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