No Spin Ag said:

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BigRobSA said:

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Sq 17 said:

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My local HEB occasionally has to turn off pumps because the tanker truck has not arrived. Possibly when tanks get below a certain level the price increase happens

The gas buddy app theory also makes sense

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Murphy Gas, QT, 7-Eleven, Exxon..... everyone....follows the same path.

Still $2.999 this morning.

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Looks like we're still not "Drill, baby, drill!" enough. I honestly thought that with a Republican president coming in we'd see gas prices drop like they always have, at least as far back as W's first term.

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There has been a lot of consolidation in the oil patch and E&P companies are finally more focused on shareholder returns than maximizing oil production. Those who were saying Trump was getting prices back to 2020 levels will be sorely disappointed unless we get a major recession like we had in 2020.

BoydCrowder13 said:

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e=mc2 said:

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BoydCrowder13 said:

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Everyone that thought gas was going to magically go under $2, put up your hand so we can laugh.

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Hey smarty, that takes time. Once we saturate the market, prices will plunge. You do know that from the ground to the refinery to the pump takes time, don't you? Not to mention what is happening globally as we enter markets.

I'd say prices dropping under $2 a gallon in Texas is very possible by the EOY.

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Oil companies are going to fight tough and nail to prevent WTI from dropping below $50/barrel.

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Not really.

The only reason they are not producing at breakneck speed like they did when Obama was in office and fracking took off - which caused prices to plummet to $30/bl - is because they clearly see the EOL for their fracked wells approaching. They are pacing themselves on production now to extend the life of those wells.

I think modern technology gives these companies the ability to change prices anywhere at anytime from a keyboard.

I wonder how much of this is just plain marketing based on time of day or proximity to holiday, etc.

No Spin Ag said:

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BigRobSA said:

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Sq 17 said:

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My local HEB occasionally has to turn off pumps because the tanker truck has not arrived. Possibly when tanks get below a certain level the price increase happens

The gas buddy app theory also makes sense

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Murphy Gas, QT, 7-Eleven, Exxon..... everyone....follows the same path.

Still $2.999 this morning.

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Looks like we're still not "Drill, baby, drill!" enough. I honestly thought that with a Republican president coming in we'd see gas prices drop like they always have, at least as far back as W's first term.

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They will drop as soon as we enter recession

2040huck said:

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No Spin Ag said:

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BigRobSA said:

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Sq 17 said:

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My local HEB occasionally has to turn off pumps because the tanker truck has not arrived. Possibly when tanks get below a certain level the price increase happens

The gas buddy app theory also makes sense

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Murphy Gas, QT, 7-Eleven, Exxon..... everyone....follows the same path.

Still $2.999 this morning.

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Looks like we're still not "Drill, baby, drill!" enough. I honestly thought that with a Republican president coming in we'd see gas prices drop like they always have, at least as far back as W's first term.

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They will drop as soon as we enter recession

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We already have been in a recession, during Biden. And gas was through the roof.


Next.

BigRobSA said:

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I've noted before, on other threads about the economy and weird spikes of items, that here on the NE side of San Antonio one morning it will be $2.4x9 and then when I pass by in the afternoon (about 1500hrs) it's shot up to $2.8x9.

Today, this morning at about 0400hrs, the HEB on Thousand Oaks and Nacogdoches was $2.529. At about 1500, it was $2.99.

Dafuq, yo?

What's going on in the last couple months that is driving these surges?

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A few thoughts.....

There are a lot of new apps on the market, that in my opinion, are giving bad to intel to those who decide what price to charge at the street level. There is a QT here (not San Antonio) that does this a lot, and then the competition follows suit. Another reason is that in the 2.40-2.50 range a lot of stores are barely breaking even at best, so prices go up at the street level to see if the market follows and the stores can start making money again.

For Central Texas the transition month to summer blend fuel is April for the terminals or else they have to lock their tanks out until the fall. For the stores they have until June 1 to comply, which gives them time to turnover their inventory to get the summer blend product.

There is a lot of market concern over the tariffs, but not enough to swing a street price ~40 cents in a day.

I read this like a sienfeld joke

Rattler12 said:

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They raise the price at intervals that correspond with their renewal contracts with their suppliers so that they build the cash to pay for said future supply if there is an increase. If the new contract is the same as the old or lower then prices start gradually coming down ........rinse and repeat.....rinse and repeat.

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For some of the "mom and pop" type places they may do this. They pay load to load for the fuel and need to raise the street price to make enough to cover their next fuel bill.

Sure you're not just seeing an "in group" vs out group price that's slow to toggle back and forth?

I've pulled up to pumps on too many occasions thinking it was up to $0.30 cheaper than the neighbor just to see that they had E-85 or a "with points" or cash discount price advertised. Often the unethical nature irks me and if I have time will typically drive off with a mental note to avoid them in the future.

BigRobSA said:

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Today, this morning at about 0400hrs, the HEB on Thousand Oaks and Nacogdoches was $2.529. At about 1500, it was $2.99.

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You live right by mi suegra

Quick Trip today in Dallas (by Love Field) was $3.09 when I drove by at noon.

They seem to jump by about $0.30 lately (either up or down)

Señor Chang said:

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BigRobSA said:

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Today, this morning at about 0400hrs, the HEB on Thousand Oaks and Nacogdoches was $2.529. At about 1500, it was $2.99.

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You live right by mi suegra

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Surge pricing?

Drill Baby Drill…..takes awhile to get rolling folks. But all of us knew that except for the 12 lurkers spawning cute posts……

I am not responding to the real topic of fluctuations of prices. Makes you wonder if AI is driving yet another market area.

Squadron7 said:

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Señor Chang said:

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BigRobSA said:

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Today, this morning at about 0400hrs, the HEB on Thousand Oaks and Nacogdoches was $2.529. At about 1500, it was $2.99.

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You live right by mi suegra

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Surge pricing?

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I don't think so, as it takes days to get back down to where it was....only to blow back up again.

Oil off 7% today.

fixer said:

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Oil off 7% today.

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Does that mean gas prices are going to come back down or go up?

No Spin Ag said:

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fixer said:

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Oil off 7% today.

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Does that mean gas prices are going to come back down or go up?

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Only dropped 3 or 4 cents over the last 3 or 4 days. Had been going down more, in the same timeframe, prior to this week.

BoydCrowder13 said:

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e=mc2 said:

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BoydCrowder13 said:

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Everyone that thought gas was going to magically go under $2, put up your hand so we can laugh.

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Hey smarty, that takes time. Once we saturate the market, prices will plunge. You do know that from the ground to the refinery to the pump takes time, don't you? Not to mention what is happening globally as we enter markets.

I'd say prices dropping under $2 a gallon in Texas is very possible by the EOY.

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Oil companies are going to fight tough and nail to prevent WTI from dropping below $50/barrel. Which is what it will take to get sub $2 gas.

Rig count is actually down about 5% since last March. And continuing to drop.

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I don't disagree with your premise at all. But rig count isn't the best metric anymore. For example, my company's US onshore rig count is anticipated to down 13% in 25 vs 24. But we're dropping because of increased efficiencies. Our wells drilled (and production) are anticipated to be up Y/Y.

No Spin Ag said:

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fixer said:

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Oil off 7% today.

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Does that mean gas prices are going to come back down or go up?

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both oil and gas/diesel markets down a lot today. personal opinion is that speculation over tariffs has slowly driven up price in the past few months and with yesterday's announcement the speculation bubble burst

as far as street price goes it should theoretically come down, but when the market goes down the street price doesn't follow as fast. up like a rocket, down like a feather or something like that. also gas stations will want to keep prices up as much as they can to make up for the last 6+ months where they made very little.

agracer said:

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stetson said:

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Demand pricing?

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More people stop on the way home from work, kid sport practices or whatever than on the way into work in the morning.

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That's not how it works.

So, it took from my OP until yesterday to get back down to $2.4x9/gal and overnight went back up to $2.899/gal.

WtF!?

Well here in LaPorte, Tx we've got one station selling regular for $2.29 (cash or debit card) for the last few weeks. Everyone else is hovering around 2.59.

BigRobSA said:

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So, it took from my OP until yesterday to get back down to $2.4x9/gal and overnight went back up to $2.899/gal.

WtF!?

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https://www.gasbuddy.com/gasprices/texas/bexar/2145

BadMoonRisin said:

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BigRobSA said:

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So, it took from my OP until yesterday to get back down to $2.4x9/gal and overnight went back up to $2.899/gal.

WtF!?

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https://www.gasbuddy.com/gasprices/texas/bexar/2145

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I'm not your GasBuddy, gaspal!

Back up to $2.89. Only got down to $2.55 that I saw.

Really wish someone would actually worry about cutting the costs of things. Gas, food, all going up still.

BigRobSA said:

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Back up to $2.89. Only got down to $2.55 that I saw.

Really wish someone would actually worry about cutting the costs of things. Gas, food, all going up still.

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I'm just glad Trump isn't taking a page out of the Dem playbook (which I know, is rare) by not implementing price controls to grocery stores which would REALLY f*** things up big time.

He really needs to focus on cutting all the regulations on the oil & gas industries to get gas prices down which should, in theory, lower prices overall as the transportation costs go down. We shall see.

Prosperdick said:

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BigRobSA said:

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Back up to $2.89. Only got down to $2.55 that I saw.

Really wish someone would actually worry about cutting the costs of things. Gas, food, all going up still.

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I'm just glad Trump isn't taking a page out of the Dem playbook (which I know, is rare) by not implementing price controls to grocery stores which would REALLY f*** things up big time.

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Yet


Yet

BigRobSA said:

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Back up to $2.89. Only got down to $2.55 that I saw.

Really wish someone would actually worry about cutting the costs of things. Gas, food, all going up still.

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I can't believe you are complaining about gasoline at $2.89

Gas Prices
Bethesda Maryland

Regular
$3.40

Midgrade
$3.90

Premium
$4.30

Yet another reason I don't live in that area of the country.

BigRobSA said:

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Prosperdick said:

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BigRobSA said:

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Back up to $2.89. Only got down to $2.55 that I saw.

Really wish someone would actually worry about cutting the costs of things. Gas, food, all going up still.

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I'm just glad Trump isn't taking a page out of the Dem playbook (which I know, is rare) by not implementing price controls to grocery stores which would REALLY f*** things up big time.

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Yet


Yet

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People call me a Trump cultist but I promise you if he tries price controls I will call him a ****ing idiot.

Prosperdick said:

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People call me a Trump cultist but I promise you if he tries price controls I will call him a ****ing idiot.

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People.

Not a fan.

Diesel was $2.79 in Uvalde today…pretty damn good.

I see the same thing in Corpus - a $.30 swing in 24 hours, back and forth over a week.

B-1 83 said:

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I see the same thing in Corpus - a $.30 swing in 24 hours, back and forth over a week.

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Ahpoo from The Simpsons is screwing you !

Krautag81 said:

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Diesel was $2.79 in Uvalde today…pretty damn good.

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Was about the same in Crossville, TN too.

Gasoline was $2.45 at Buc-ee's in Severeville, TN ($1.45 with a car wash :-)). I think diesel was $2.99