Saturday - October 18, 2014

cheap gas

I was going to post and say how gas here in NJ, up in Warren County, seems to be more than a dime cheaper, averaging about $2.84 (regular, cash price) with a low of $2.81.

But a quick look online and it seems my cheap corner of low fuel tax NJ isn’t cheap by any means; snooty little Westwood up in Bergen County near the NY line has gas for $2.49, 35¢ less. Wow. And that’s almost nothing: several states now have gas selling in the $2.30s bracket.

Guess that greedy Gulf station out by the highway trying to get $3.95 is in for a rude awakening.  And it’s about time.

Gas prices across the U.S. are dropping fast, with the national average nearing a four-year low.

“The national average is down ten cents week-on-week. That’s a huge movement in the national average,” GasBuddy analyst Patrick DeHaan said, adding that in his five years watching gas prices, they generally move only by half of a penny or a penny a day.

...

The price drop is due to a combination of seasonal and geopolitical factors. While gas prices generally drop in the fall, as demand slows down and Americans switch over to cheaper winter gasoline, DeHaan said added to the current drop is an OPEC-fueled price war. 

Lower gas prices generally encourage consumers to get out of their houses and do some fall shopping. Compared to last year, American drivers are saving $75 million each day, due to lower prices at the pump. But DeHaan said that worries over Ebola could eventually keep some shoppers home, causing gas prices to drop even further.

...

6 U.S. States with the Lowest Gas Prices

1. Missouri: $2.83/gallon

2. South Carolina: $2.93/gallon

3. Tennessee: $2.94/gallon

4. Oklahoma: $2.94/gallon

5. Minnesota: $2.95/gallon

6. Mississippi: $2.95/gallon

I have no idea why Humboldt TN, halfway between Nashville and Memphis, should have the lowest prices in the country, averaging $2.32. Tennessee state fuel tax is 39.8¢; 7¢ higher than the NJ tax. Which implies NJ gas could be selling for $2.25 if they can get the same source prices as TN. And I can’t see why not, as NJ pumps 10 times as much gas I’m sure.

Still, until I can run my old Saturn down to fumes before filling up, and then fill up the nearly 12 gallon tank for $20, then gas costs too much. That’s about $1.75/gal, a decent price under Booosh. And I want that to be all gasoline too. Let’s shitcan the idiot ethanol thing already.

Posted by Drew458     on 10/18/2014 at 10:52 AM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
• Comments (2) • Trackbacks(0)  Permalink •  

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