Author Topic: Unleaded in Indianapolis at new low of $1.31/gallon (Read 62272 times)

Don't care · « **on:** October 28, 2008, 09:29:34 AM »

Never thought I would see it (again).

http://www.indygasprices.com/index.aspx?s=Y&fuel=A&area=All+Areas&tme_limit=48&site=Indy&srch=0&list=0

K Frame · « **Reply #1 on:** October 28, 2008, 09:35:09 AM »

We seem to have hit the wall in my area of Northern Virginia.

El Tejon · « **Reply #2 on:** October 28, 2008, 10:47:09 AM »

Well, not all of Indiana. Here in Lafayette it is $.40 higher (less competition unlike bigger cities).

Indianapolis gasoline is getting silly cheap now.

Scout26 · « **Reply #3 on:** October 28, 2008, 11:38:25 AM »

DC, Where do live ?? I grew up in Southport. (SHS Class of '83).

Tuco · « **Reply #4 on:** October 28, 2008, 11:59:09 AM »

Quote from: Don't care on October 28, 2008, 09:29:34 AM

Never thought I would see it (again).

Give it two weeks. You won't.
Soakers, cynic.

Don't care · « **Reply #5 on:** October 28, 2008, 02:05:29 PM »

Quote from: scout26 on October 28, 2008, 11:38:25 AM

DC, Where do live ?? I grew up in Southport. (SHS Class of '83).

Greenwood. 1984

41magsnub · « **Reply #6 on:** October 28, 2008, 02:08:36 PM »

Best I've seen in MT thus far is $2.54 at the station across the street from my office in Missoula today.

Don't care · « **Reply #7 on:** October 28, 2008, 03:26:18 PM »

I just modified the title......a 4 cent/gallon drop since this morning.

Scout26 · « **Reply #8 on:** October 28, 2008, 07:26:04 PM »

Quote from: Don't care on October 28, 2008, 02:05:29 PM

Greenwood. 1984

Wow, small internet....

Lennyjoe · « **Reply #9 on:** October 28, 2008, 07:28:29 PM »

Down to $2.49 here in Martinsburg, WVA

Daniel964 · « **Reply #10 on:** October 28, 2008, 07:34:16 PM »

$2.24 in my part of Columbus, Ohio this evening.

eyebrows · « **Reply #11 on:** October 28, 2008, 08:09:43 PM »

I work in Brownsburg and drive around quite a bit. Must have passed the gas stations by the interstate 5 times today.
This morning it was $2.03 then it went to $1.99 and finally around lunchtime it was $1.95. Thats when the news crews showed up and by 4pm the pumps had lines of cars waiting for gas.

{edit}
BHS '92

K Frame · « **Reply #12 on:** October 28, 2008, 08:46:09 PM »

The Citgo right down from my house was $2.69 a gallon this morning.

This afternoon when I was on my way home, it was $2.55.

Regolith · « **Reply #13 on:** October 28, 2008, 08:51:45 PM »

It just got below $2.96 here today.

Don't care · « **Reply #14 on:** October 29, 2008, 09:56:52 PM »

Thread title updated....a buck 74?

I haven't seen this is how many years?

Telperion · « **Reply #15 on:** October 30, 2008, 12:22:19 AM »

Cheap gas? Must be an election close by. :D

El Tejon · « **Reply #16 on:** October 30, 2008, 08:24:39 AM »

I paid $1.85 in Indy Wednesday afternoon. It's getting stupid cheap around Indy.

Jamisjockey · « **Reply #17 on:** October 30, 2008, 09:40:42 AM »

I spoke to soon, its down to 234 yesterday....

HankB · « **Reply #18 on:** October 30, 2008, 10:06:02 AM »

Best I saw driving in to work this morning (10/30/08, just outside Austin, TX) was $2.329.

With $150/bbl oil, the highest I paid was $3.999, of which, IIRC, about $0.385 is tax at the pump, making the price of the gas itself $3.614.

Oil has since fallen about 60%, so if the price of gas were to fall proportionately, I ought to be paying $1.446, plus $0.385 tax, or ~$1.83 . . .

But I'm not . . . and considering the price elsewhere in the nation, the other, non-tax fixed costs built into the price don't account for the price differential.

Moreover, just in the Austin area, the same brand of gas can easily vary $0.25 a gallon from one part of town to another.

Looks like dealers in some parts of town are colluding to keep prices inflated.

Headless Thompson Gunner · « **Reply #19 on:** October 30, 2008, 11:15:14 AM »

Quote from: HankB on October 30, 2008, 10:06:02 AM

Best I saw driving in to work this morning (10/30/08, just outside Austin, TX) was $2.329.

With $150/bbl oil, the highest I paid was $3.999, of which, IIRC, about $0.385 is tax at the pump, making the price of the gas itself $3.614.

Oil has since fallen about 60%, so if the price of gas were to fall proportionately, I ought to be paying $1.446, plus $0.385 tax, or ~$1.83 . . .

But I'm not . . . and considering the price elsewhere in the nation, the other, non-tax fixed costs built into the price don't account for the price differential.

Moreover, just in the Austin area, the same brand of gas can easily vary $0.25 a gallon from one part of town to another.

Looks like dealers in some parts of town are colluding to keep prices inflated.

Iffin ya want to believe in evil price fixing conspiracies, then have at it.

But...

If you're actually interested in what makes gas prices what they are, you should do a little research. I'll give you a free hint to start you off: crude oil and taxes aren't the only components in the price of gas.

HankB · « **Reply #20 on:** October 30, 2008, 12:58:57 PM »

Quote from: Headless Thompson Gunner on October 30, 2008, 11:15:14 AM

. . . If you're actually interested in what makes gas prices what they are, you should do a little research. I'll give you a free hint to start you off: crude oil and taxes aren't the only components in the price of gas.

Perhaps when skimming my post you missed the reference to " . . . the other, non-tax fixed costs built into the price . . . "

Which of course does nothing to explain a price differential of more than 15% from one side of town to the other . . . :rolleyes:

Headless Thompson Gunner · « **Reply #21 on:** October 30, 2008, 07:06:16 PM »

That's just the thing, the "other non-tax fixed costs built into the price" do account for the difference. At least they did when I ran the numbers myself recently. Looking at the numbers you posted, it would seem that those other fixed costs account for much of the difference you're seeing, too.

I realize that it's much more fun to believe that you're being gouged, but it just doesn't look like that's the case here.

grampster · « **Reply #22 on:** October 30, 2008, 09:22:22 PM »

$2.32 on the west side of Grand Rapids this AM. $2.54 is the norm. Gas in W. Michigan is 3rd only to California and Chicago as to usual cost.

Devonai · « **Reply #23 on:** October 31, 2008, 01:41:09 AM »

$2.49, twenty miles north of Hartford, CT.

Bogie · « **Reply #24 on:** October 31, 2008, 02:01:34 AM »

$2.19 at Wentzville, Missouri, at the confluence of the I-64 and the I-70 cement rivers...

News:

Author Topic: Unleaded in Indianapolis at new low of $1.31/gallon (Read 62272 times)