As of yesterday the price of gas at Walmart had dropped to $1.439 a gallon. I've still got almost a 1/2 tank in the Versa so I probably won't need to fill up until around the weekend.
The price is still coming down here in Russellville, KY. I filled up the '02 Escort this afternoon for $1.399 per gallon.
Like I said in another thread, our local gas price is $2.50 per gallon for 87 octane E10. Yesterday, got gas in the gas war town for half-price.
Oh, oh! Two of stations in the gas war town, have...... raised their prices. Looks like the gas war is coming to an end. Hey, I got 55(+?) gallons out of them. So I did OK!. P.S. Now a third station in the gas war town raised its price.
Gas hasn't been dropping as quickly here as in previous weeks. I filled my Versa up Sunday for the first time in a month. Last time I filled it up gas was $1.869, Sunday it was $1.399 and had been at that price for about a week. So gas dropped $ .47 a gallon here in a month. Today I ran to the grocery store to pick up groceries for the week. When I went by Walmart they had dropped the price to $1.359. A few years ago I thought we'd never see gas prices below $2.00 a gallon again and now it looks like we may see under $1.00 a gallon. I've already seen reports of under $1.00 a gallon in some areas. When I bought my first car in 1977 the first tank of gas I put in it was $ .569 a gallon. I wonder if we'll see that again. As a child in the '60's I remember the station where my dad usually bought gas was $ .289 a gallon and was a full service station. That was back when lots of cars had 20+ gallon tanks and could be filled up for well under $10. Lots of times as a kid I'd ask mom to guess how much it would cost to fill the car up often her guesses were $3-4.
Now, all the stations in the gas war town are above their lowest prices. AND all that, despite oil selling at negative prices.
We finally dipped down to $2.29 at a Chevron I frequently haunt. Oil FUTURES CONTRACTS are selling at negative prices. Oil is NOT selling at negative prices.
Yesterday I noticed gas had gone up from $1.359 to $1.479 here in Russellville, KY. I'm thinking they probably raised the price since some of the Covid 19 bans are being removed here at the first of the week and more people will be going back to work and using more gas. Likely just a way for them to increase their profit margin. More oil being pumped than they have storage space for and prices increasing simply doesn't make sense.
When you look at the number of FSP's on the road ( and the way they are driven ), it's too , too cheap.
After hovering between $1.35 and $1.85 or so ever since spring the price since the hurricane has been above $1.90. The morning after the hurricane I went to fill up one of the cars and the price had jumped from $1.75 if I recall correctly to $2.00 a gallon overnight at Walmart. I drove on to a station about a 1/2 mile away and they hadn't yet increased their price so I was able to get it for $1.78. I noticed today when driving by Walmart their price is back down to $1.95 a gallon. Earlier in the week I was across the state line in TN about 30 miles from home and the price there at Walmart was $1.83 but, I had a full tank so, I didn't get to take advantage of the cheaper price. It's soon time for the change from summer to winter blend so refinery maintenance during that time will give them another reason to keep prices up a little longer. Lately in the Versa gas has only been costing a little over $ .03 a mile, about what it was costing me in the mid-late '70's. The only difference is now I'm driving a car that's capable of 50+ mpg and in the '70's the cars I drove got 12-15 mpg. If I'd bought a Honda Civic back in '77 instead of a Buick Regal I could have probably drove it for well under $ .02 a mile gas cost. I looked at the new Civic in '77 and as best as I remember the EPA highway rating on them was either 40 or 42 mpg so I figure I could have got 45-50 mpg if I'd have tried. I've been driving since '76 and have never had a car that I couldn't beat EPA by at least 10%.
For a short period around early '73(? before the price jumped, whenever that was), gasoline was costing me about 1¢/mile.
If you were driving an economy car I don't doubt it a bit. Before gas started going up in the '70's dad bought gas for $ .289. His cars got around 15-18 mpg so he was at less than $ .02 a mile. Of course back then anyone in this area making $4.00-$4.50 an hour was well paid. In July '78 I started a new job. Starting pay was $3.73 which was way up from a previous job I'd worked over a year where I only made $3. an hour. I stayed there until they closed down in July 1981 and was making $5.85 an hour before they closed. I was only out of high school 3.5 years and was making better money than most people in this area that had been working at their jobs for 20 years.
