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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no subject
Date: 2008-10-12 18:46 (UTC)(no subject)
From:no subject
Date: 2008-10-13 01:39 (UTC)In mid November at the latest the rise will escalate.
Thanksgiving is the largest spike in travel, so expect the gas price to go well above $4 by then.
It will stay inflated until all the sleds have returned from over the river and through the woods from grandma's house, and when holiday travel ceases in January.
A new benchmark will be established before spring travelling.
It's never a question of how bad the oil companies are fucking us; it's a matter of girth.
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
oh...
Date: 2008-10-13 16:18 (UTC)