What will the price of gas be in July?

[GordonJ]

Gas averages 2.94 a gallon today here in Palm Beach County FL.

July 4 in the USA is peak travel, and perhaps, peak gas prices. Please tell us what your average gas price is in your county today or this week
and give us your estimate for the July 4 weekend, OK?

We'll see how we do.

Some say BP and the others will keep prices LOW to keep attention off of Gulf of Mexico spill. Others think it will skyrocket to 4 bux a gallon again.

I'm going to guess gas will be around 3.69 a gallon here in FL.

The price of gasoline during the summer months has impact on many industries including tourism and destination vacations.

Do you think the oil spill have an impact on the Gulf coast tourist industry in July?

OK, prognosticate away.

Gordon Jay Alexander

Trudy Lundberg says the price will go DOWN by several cents in the next few days -- then maybe go up again later on.

What I never understood is the obvious REPRICING that goes on at the gas pump level.

Something happens to the price of a BARREL of oil -- then THE NEXT DAY, the price at the pump is "affected?!?!"

Give me a break! The gas in the tanks under that gas station was made (+ DELIVERED) days BEFORE the "news" about crude oil prices.

Makes no sense!!

-- TW

http://www.kgan.com/template/inews_w...kgan.com.shtml

As summer nears, expect gas prices to go ... down?
May 12, 2010 23:18 EDT
UNDATED (AP) -- Now this is a welcomed change. Experts predict gas prices will fall as Memorial Day approaches, instead of rising just as summer vacations begin.

Those experts had expected a national average of more than $3 per gallon by Memorial Day. Now they say prices have likely peaked at just below that price.

Motorists can thank rising supplies and concerns about the global economy that have helped send wholesale gasoline prices plummeting. It will take several weeks for the full effect to hit the pumps.

One industry analyst says the national average could fall this summer to below last summer's peak of around $2.70 a gallon.

Almost two years ago the retail price of regular gasoline peaked at $4.11.

[MMacGillivray]

Wow, have you guys got it good; currently petrol/diesel prices in our part of Scotland run at £1.21 a litre - equivalent to £5.50 for an imperial gallon.

Because UK gallons are larger than US gallons (ok, we have to occasionally redress the balance, LOL) the price for a US gallon in the UK would be £4.58, which is approximately $6.82 at the current rate of exchange. Unless our new government does away with the tax measures imposed by the last one (and I can't see them doing this for fuel!), the next year has another couple of tax rises built in to the price, whatever the real cost of the fuel.

Here's an article on fuel taxation in the UK

http://www.petrolprices.com/fuel-tax.html

Margaret

First, gas is around $2.89 here in the southern Indiana/Louisville, KY area.

My family SOLD fuel, reatail and wholesale, for close to 50 years. I can tell you this, no fuel station makes any real profit at the pump. It's pennies.

Now, wholesale is a little different, but not by much. It's enough to make a good living but not a fortune. That is unless your one of the "big dogs" like Key Oil Company. They are the fourth largest distributor in the nation.

They and those like them make there money on volume. MASS VOLUME. But even then they don't make anywhere near what the big companies make that are extracting it out of the ground. OR, what the savvy commodity traders up in Chicago make.

And that brings me to TW's earlier post.

The price of oil is always changing based on the buying and selling at the "market level" (the CME in Chicago). Now, maybe that fuel under the ground was bought just yesterday at a different price.

BUT, what about the guy selling fuel down the road? Maybe he just ran out of his last delivery. So he has to raise his price because he just made a large fuel purchase. But, then again, maybe he can't raise it just yet unless the "Market Maker" has raised his. Like Swifty in my area.

The problem with selling fuel is that there is a fuel stop on every corner. Fuel is easy to get for the consumer. So gas stations are always in a price war at the pump. Where I live Swifty's fuel is alway the cheapest.

Why? Because they have a deal to buy farther south out of Tenn. Why is it cheaper down there. No clue. Other than they're getting it from another cheap place at a different price point. So because of Swifty selling at the lowest price, everyone else in town has to follow their lead OR nobody will come in to their store to also buy the candy and soda's and whatever else.

Ok, last thing, some of you probably know this, some not, but in the Louisville ky, southern Indiana area ALL THE FUEL in the area is MARATHON fuel.

Doesn't matter if its at a Shell, BP, Thorton's, SuperAmerica, Chevron. It's ALL Marathon fuel. Marathon controls the river ports in this area. And I suspect it's the same deal in other areas. Maybe not Marathon but another BRAND. It's just like at the supermarket, vitamins and other products that are "private labeled". Same deal. But, fuel is usually cheaper where I live (20 minutes away from louisville on the Indiana side) because in Louisville they have to have their fuel "reformulated" with an additive for so-called emissions laws. (sounds like a way for Louisvile to make an extra buck to me, but what do I know)

My prediction, IF "THEY" can find a "reason" to raise it, "THEY" will.

And right now, it looks like "THEY" have a "reason". But we'll see.

Fred

[GordonJ]

Fred,

YOU should write a report, The Inside Secrets at the Gas Pump expose' type thing.

OR you can go to the gulf, get a little boat and go out a scooping it up. Isn't it FREE for the takin?

So all WE consumers and little people have to do is to come up with a way to use glob u lated dispersion laden crude and let the people clean up the mess. They get to keep all the profits, of course.

Here's one. Scoop up a boat load of oil, take it home. Now go get all your those rags from the shed, soak em...wrap around the ol Louisville Slugger and VIOLA; you have TORCHES, which might come in handy when we have to storm the OIL castles where the executives live...and, obviously, torches make for better lynchins too (at least in the movies).

Angry mobs, which could be another effect of the spill, would be a good target market. If life gives you oil, make some money. It works for BP, et al.

Fred, when gas hit 4 bux a gallon, what was the overall effect, if any on the mom and pop run gas station?

Gordon Alexander

Originally Posted by Fishman

First, gas is around $2.89 here in the southern Indiana/Louisville, KY area.

My family SOLD fuel, reatail and wholesale, for close to 50 years. I can tell you this, no fuel station makes any real profit at the pump. It's pennies.

Now, wholesale is a little different, but not by much. It's enough to make a good living but not a fortune. That is unless your one of the "big dogs" like Key Oil Company. They are the fourth largest distributor in the nation.

They and those like them make there money on volume. MASS VOLUME. But even then they don't make anywhere near what the big companies make that are extracting it out of the ground. OR, what the savvy commodity traders up in Chicago make.

And that brings me to TW's earlier post.

The price of oil is always changing based on the buying and selling at the "market level" (the CME in Chicago). Now, maybe that fuel under the ground was bought just yesterday at a different price.

BUT, what about the guy selling fuel down the road? Maybe he just ran out of his last delivery. So he has to raise his price because he just made a large fuel purchase. But, then again, maybe he can't raise it just yet unless the "Market Maker" has raised his. Like Swifty in my area.

The problem with selling fuel is that there is a fuel stop on every corner. Fuel is easy to get for the consumer. So gas stations are always in a price war at the pump. Where I live Swifty's fuel is alway the cheapest.

Why? Because they have a deal to buy farther south out of Tenn. Why is it cheaper down there. No clue. Other than they're getting it from another cheap place at a different price point. So because of Swifty selling at the lowest price, everyone else in town has to follow their lead OR nobody will come in to their store to also buy the candy and soda's and whatever else.

Ok, last thing, some of you probably know this, some not, but in the Louisville ky, southern Indiana area ALL THE FUEL in the area is MARATHON fuel.

Doesn't matter if its at a Shell, BP, Thorton's, SuperAmerica, Chevron. It's ALL Marathon fuel. Marathon controls the river ports in this area. And I suspect it's the same deal in other areas. Maybe not Marathon but another BRAND. It's just like at the supermarket, vitamins and other products that are "private labeled". Same deal. But, fuel is usually cheaper where I live (20 minutes away from louisville on the Indiana side) because in Louisville they have to have their fuel "reformulated" with an additive for so-called emissions laws. (sounds like a way for Louisvile to make an extra buck to me, but what do I know)

My prediction, IF "THEY" can find a "reason" to raise it, "THEY" will.

And right now, it looks like "THEY" have a "reason". But we'll see.

Fred

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Phil

Gordon,

Well, as of today gas has gone down from the last time I posted. Just thought I'd put that in.

As far as when fuel hit 4 bux a gal. Honestly it didn't make a dent in business. Some days we actually did BETTER because everyone was scrambling around trying to find the best deal on gas, so we ended up with new customers.

What hurt us was our wholesale customers who were affected by the economy. When they started to have trouble (and some hadn't had ANY trouble AT ALL for the past 25yrs) we started to have trouble.

Then as now, people have no real choice but to continue to buy it so they can get around. I did notice the frequency changed with certain customers. You could tell people were watching more closely how much they used.

Some would get mad at us when all the sudden prices went up from one day ( sometimes within that day) to the next. They would accuse us of price gouging. We even were turned in to the police. They checked our records and saw that it wasn't true. One of those who just didn't understand how things really worked.

What kills me is they don't understand, but want to, and when you try to explain, they won't believe a word your saying.

The news media didn't help either with reports of gougers. The news media also didn't understand how the fuel business worked just by the way they reported about it all.

So, I've always thought a good "hotsheet" on how it all works might help clear things up better.

Wanna collaborate on something like that Gordon?

Fred

Oh yeah, glad to hear your eye site is back to good.

Originally Posted by GordonJ

Fred,

YOU should write a report, The Inside Secrets at the Gas Pump expose' type thing.

OR you can go to the gulf, get a little boat and go out a scooping it up. Isn't it FREE for the takin?

So all WE consumers and little people have to do is to come up with a way to use glob u lated dispersion laden crude and let the people clean up the mess. They get to keep all the profits, of course.

Here's one. Scoop up a boat load of oil, take it home. Now go get all your those rags from the shed, soak em...wrap around the ol Louisville Slugger and VIOLA; you have TORCHES, which might come in handy when we have to storm the OIL castles where the executives live...and, obviously, torches make for better lynchins too (at least in the movies).

Angry mobs, which could be another effect of the spill, would be a good target market. If life gives you oil, make some money. It works for BP, et al.

Fred, when gas hit 4 bux a gallon, what was the overall effect, if any on the mom and pop run gas station?

Gordon Alexander

[GordonJ]

We'll brainstorm it. Shoot me an email.

You know the gas biz, so let's think how we can monetize this.

Gordon at [email protected]

[Ankesh]

So I was just seeing this on Discover Travel & Living channel - India - on a show called "Extreme."

The show talked about America's first biofuel gas station. It was off the highway at Eugene, Oregon (isn't that somewhere near where Don Alm lives? Maybe he can get more details...)

The gas station made biodiesel out of used cooking oil. Fast food restaurants who throw away the oil after using it, give it away to the gas station now instead. The gas station then refines and converts it into biodiesel and sells it.

Gas price seemed decent - but because they didn't mention the date of the show, I couldn't find out if it was competitive than regular fuel, or if it was more expensive.

But fossil fuel alternatives are already here - making headway into the mainstream.