$2.69/gallon!

[boosami]

What do you do that requires such a vehicle?

Actually, it has absolutely nothing to do with my job, or anything else. It's just a hobby with which I got carried away. I write software and manage development groups for the Department of Defense when I'm not overdoing hobbies.

[glock35ipsc]

Hahaha, My 68 C-10 gets 6 or so on a good day! A slightly (OK, heavily) modified small black Chevy makes sure of that!

[boosami]

Hahaha, My 68 C-10 gets 6 or so on a good day! A slightly (OK, heavily) modified small black Chevy makes sure of that!

Is it teal?

[glock35ipsc]

A little darker than teal, but close. Are you a member of the truck board?????

[maat55]

2.34 in Tulsa.

[boosami]

A little darker than teal, but close. Are you a member of the truck board?????

Nope, when I think C-10 I think teal. I guess it's just an awfully popular color for C-10s, though I'm really thinking more first generation trucks.

[poundwise]

When I moved to this area just over five years ago, gas was $1.39 a gallon. Now it just around $3.00. I shouldn't be happy about that but I'd rather have $3 than $4.

As for the gas stations - yes, for the most part they had little control - however, in my state, there were a considerable number of stations who were cited by the AG and are now having to pay fines for price gouging.

[pamelad]

It's nice to see the price on gas going down!!!

Everyone is really enjoying the fact that they can afford to buy gas again, but according to AAA, gas prices are still 10 cents or more a gallon then they were this time last year.

[kork13]

Everyone is really enjoying the fact that they can afford to buy gas again, but according to AAA, gas prices are still 10 cents or more a gallon then they were this time last year.

Actually, if we were to stay at this level, that would be perfectly normal. Assume inflation of 3.5%, that's about a $.10 1-year increase.

Just a minor sanity-check... higher prices are a fact of life. I truly do wish I could still buy the same Hershey's bar for only $.35 as I did when I was 6yo. And of course, many here remember it being far less than that. Unfortunately, that too has gone up by about 3.5%/year.

[disneysteve]

Just a minor sanity-check... higher prices are a fact of life.

This is so true. Many times, people (myself included) get our mind pinned to a certain price point for an item and evaluate prices based on that. For example, someone buys a car for $15,000 and keeps it for 8 years. Then they go looking for a new car with that same $15,000 price in mind. They forget that with 4% inflation, that $15,000 car would now be over $20,000.

I think gas is the same way. Yes it was cheaper last year, but so was milk and eggs and cable TV and lots of other things. That's how inflation works.

Of course, sometimes one item or type of item will rise much faster than the general inflation rate - like gas and food have this year - but that's normal in the grand scheme of things, too.

[kork13]

Just saw this story, and wanted to highlight one phrase from it...

OPEC, which controls about 40% of the world's oil, has expressed concern that record high oil prices, which spiked at $147.27 a barrel in mid-July, followed by global economic stagnation, may have permanently impacted demand for crude products.

BUAHAHAHAHAHAHA!! EAT THAT, SAUDI!!


lol sorry for the moment of mania... However, I think the story may have a point. Do you think that people may finally have been "scared straight" from high oil consumption lifestyles? Is this trend of moving toward smaller, more efficient cars and other processes finally going to take hold? It did so in Europe years ago (more or less)...

[disneysteve]

Do you think that people may finally have been "scared straight" from high oil consumption lifestyles?

Not a chance. People do what their pocketbook dictates. When gas prices rise, they conserve more. When prices decrease, they waste more. I won't be at all surprised to see SUV sales pick up now that gas prices have dropped back to last year's level. Americans have very short memories.

[sweeps]

I was actually pretty surprised that OPEC didn't move to reduce prices when they got above $100/bbl. Sure, they're making gobs of money in the short term, but the risk is that the world moves quickly to find permanent alternatives to oil, leaving OPEC in the ...uh... dust.

[boosami]

Americans have very short memories.

Did you know Americans have a 5 second memory? Or maybe that's goldfish...

[jIM_Ohio]

$2.32 a gallon today. I paid $2.48 earlier this week.