Fuel prices
Oct. 12th, 2008 11:20![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mapsedgeGasoline (that's petrol, to my friends across The Pond) was $2.59/gal this morning at the QuikTrip at 23rd and Noland in Independence.
The price has been steadily dropping by about .01 per day for the last month. If it were to continue at that rate - and I've no illusions that it won't for much longer, but it's fun to speculate - we'd be looking at less than $2.00/gal by Christmas. I think that's possible, but unlikely to dip much below that.
The price has been steadily dropping by about .01 per day for the last month. If it were to continue at that rate - and I've no illusions that it won't for much longer, but it's fun to speculate - we'd be looking at less than $2.00/gal by Christmas. I think that's possible, but unlikely to dip much below that.
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Audio reference points
Date: 2008-10-13 01:44 (UTC)Prices rise in a steep attack profile. This is excused as anticipating what they will pay in expenses for the near future.
When costs drop, the Decay is a much more sloping curve.
Joe gas charges you $3 a gallon because he anticipated paying that next week..
If he anticipates payning $2 next week, he charges you $2.50...
they bleed you
Up 3 steps, back 1
Gain = 2