Massive decline in Gasoline Deliveries

[xcel]

Hi All:

All told, inventories are controlled tightly to maintain a profitable price point. No profit, no gasoline deliveries. That said, gasoline is holding in the $3.79 range here in Northern IL and why is the real question with demand down so much.

Because gasoline is not free market where decreased demand results in lower prices which dries up supply to match at the new lower price point.

Wayne

[ALS]

Hi Wayne,

Wait for it. Wholesale gasoline has jumped around 30 cents over the last three to four weeks. You'll see the pump price jump in another two to four weeks. Gasoline is trading at $2.89 a gallon this morning but was trading at a low a few weeks ago of $2.57.

One of my employees noted the prices at the BP by her house went up a dime yesterday.

Al

[herm]

Gasoline is like food, people have to have it but they will try to limit purchases the old fashioned way. Once the economy perks up (looks likely the way the Presidential polls have been going) demand will explode and people will remember their old habits.

[50 mpg by 2012]

This morning at my brenchmark station

E10 @ $3.319
Diesel @ $3.599

Premium - a guess - $3.69?

Apparently export demand is still down.

... speculator anxiety?

[xcel]

Hi 50 mpg:

Here in northern IL, cheap gasoline can still be found for < $4.00 at $396. Most suburban stations are charging $4.05 +. In the City, the average is $4.40 per. Of course its blamed on a fire at a WI refinery. And WI prices are still less expensive although still high.

The only thing good about it is it is making people consider fuel efficient vehicles foe their next purchase and should really help Ford with the C-MAX and Fusion HEV and PHEV variants.

Wayne

[diamondlarry]

Originally Posted by xcel

Hi 50 mpg:

Here in northern IL, cheap gasoline can still be found for < $4.00 at $396. Most suburban stations are charging $4.05 +. In the City, the average is $4.40 per. Of course its blamed on a fire at a WI refinery. And WI prices are still less expensive although still high.

The only thing good about it is it is making people consider fuel efficient vehicles foe their next purchase and should really help Ford with the C-MAX and Fusion HEV and PHEV variants.

Wayne

I like to think of it as the excuse of the month program or something like that. Because the next time the price is high and one of the conditions in the previous excuse is not present then it's kind of like, "Oh, that's only valid on the second Tuesday after new moon and before the first quarter...in a month that ends in y."

[xcel]

Hi Larry:

I think you are ready to run for Congress! Or at least as a VP candidate

California and their low Benzene boutique fuels are less expensive than IL fuel and it has been this way for years now???

Wayne