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GAS Prices and the Memorial Day weekend... an observation

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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 08:03 AM
Original message
GAS Prices and the Memorial Day weekend... an observation
Last Wednesday gas prices shot up from $2.75 - $2.79 I thought, they are just sticking to the travelers on the holiday weekend.

On Friday eventing, I noticed the prices were at $2.62 - $2.65

Some stations even dipped in the $2.58 range by Monday

Monday morning the prices are still low, but by afternoon the price at most stations had jumped to $2.79

This AM we are at $2.89


Here is my theory on why the prices went down: The Water Cooler

What was the talk around the water coolers on Tuesday morning? How was your weekend? where did you go? How much was gas?

They wanted the talk to include lower gas prices. Now on Wednesday we are right back to paying the higher prices again.
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theDash Donating Member (89 posts) Send PM | Profile | Ignore Wed May-31-06 08:30 AM
Response to Original message
1. good theory
I was surprised when I filled up the tank on Friday to drive out of town, that the price was $1.62, which was much lower than it had been earlier in the week. This goes to prove that the current prices are not truly being driven by supply and demand. Otherwise the price would have gone up, because you know the demand this past weekend was much higher than usual. Go figure ...
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 08:40 AM
Response to Reply #1
2. Were In God's Name Are You Buying Gas For $1.62/gal?....nt
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 09:20 AM
Response to Reply #2
6. Typo I'm sure- it was $2.62
Edited on Wed May-31-06 09:22 AM by liberal N proud
It must be freudian, If like me, just can't get above the $2.00 mark for gas prices. Imagine what $3.00 will do to me.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 08:48 AM
Response to Original message
3. $2.65 Would Get You A 10-Mile Line Around Here
You couldn't buy a gallon of gas for less than $2.84 a gallon anywhere in northern West Virginia for the last month.
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PuraVidaDreamin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 08:49 AM
Response to Original message
4. This happened here too- And will likely occur July 4th weekend
Unless Big Oil can perfectly time a hurricane in the gulf
that slows down production.

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hadrons Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 08:53 AM
Response to Original message
5. prices stayed flat in NYC ....
been this way for the last few weeks, not going up, but not going down either
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theDash Donating Member (89 posts) Send PM | Profile | Ignore Wed May-31-06 11:34 AM
Response to Reply #5
7. sorry, i meant 2.62
that was a typo or just a flashback to the Clinton years ...

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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 12:02 PM
Response to Original message
8. looks like you're catching on... before his ratings fell off,
a drop in popularity polls of our fearless leader, used to cause a drop in gas prices until his poll-ratings fell into hell. now exxon-mobile has given up on him.
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-31-06 12:08 PM
Response to Original message
9. Gas here has been dropping for the last 2 weeks. $2.61 -> $2.89 yesterday
Oil topped $72/bbl yesterday.
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