Gas Prices could be going even lower. Maybe even below $1/gal

Think you missed the point @Cavell .

I paid $1.87 today which is about 25 cents more than the recent past. Like I said, I heard the wholesale price of gas was up 30% a few weeks ago so have been expecting a pretty healthy increase. Yeah we love free markets when the price is driven down but not so much when it goes up. The alternative is government controls which means shortages. Nothing is free though.

MikeinNH, my sonā€™s figures come from the school of meteorology; not internet blogs and environmental sites.

MikeinNH, my son's figures come from the school of meteorology; not internet blogs and environmental sites.

Then go to the libraryā€¦and look it up. Itā€™ll show the same figures as I posted. The math isnā€™t too difficult to figure out.

1st post was feb 24. Gas will hit $1? Itā€™s $2 today. Lousy forecast.

Gas was below the $2 a couple of weeks ago and back up to $2.13 today.

About $1.87 here. The strange thing is th prices in my neighborhood are usually 15 cents or so higher than near work. Now they are the same.

Itā€™s 1.65 hereā€¦People who buy mid-range around here are really getting ripped off.

87 - $1.65
93 - $2.39
89 - $2.24

1st post was feb 24. Gas will hit $1? It's $2 today. Lousy forecast.

If you COULD accurately predict gas pricesā€¦then youā€™d be a million by buying gas futures.

I paid $1.39 for regular yesterday at Costco.
I donā€™t recall their exact price per gallon for premium gas, but I remember thinking that it was a big jump in price. I think that they might have been charging $1.79 for premium.

My Costco in Sterling was 1.69 today

Yep, gas prices are rising. Paid $1.90 something today so up again from a couple days ago. Kerosene is still amazingly stable at $4 though.

Does this mean I shouldnā€™t buy that International CXT Iā€™ve coveted?

Naw, go ahead. You can swing it. :smiley:
A company just a few miles from my house has one of these as a promotional vehicle. Itā€™s ginormous!

JT ā€œDoes this mean I shouldnā€™t buy that International CXT Iā€™ve coveted?ā€

Sheā€™s a beauty

Yeah, they are nice looking, but Iā€™m not a truck guy. Iā€™m not even interested in SUVs for myself. When I get another car, it will likely be a midsize sedan and get around 30 mph on the highway. Iā€™m not buying for the mileage; more for handling and comfort for 4 passengers.

Iā€™m not buying for the mileage; more for handling and comfort for 4 passengers.

I wonder if thereā€™s any data (hard or anecdotal) that suggests how many people factor fuel economy into the purchase of a car.

I know I donā€™t really care what kind of gas mileage a car gets. Itā€™s just not ner the top of the list of whatā€™s important to me. Iā€™m sure there are a great many other people out there like me as well.

Car buying patterns are partly fear-driven and partly ego-driven.

When oil prices skyrocketed in the 70s and there were lineups at the pumps, economy car sales went through the roof. A colleague had a perfect low mileage Ford Galaxy V8. He wanted to dump it. I talked him out of it and persuaded him to buy one economy car and keep the Ford. Sure enough a couple of years later oil prices went down again since there was no real oil shortage.

Right now with lower gas prices there is a mad rush to buy more trucks and big SUVs. The very short-sighted buyers donā€™t realize that in about 2.5-3 years gas prices will go up again since world demand and supply will be again in a rough balance.

We bought our last 2 cars based on NEED. As empty nesters we wanted the best cars with some highway comfort and the standard engines whatever those might be. We could have bought 2 Priuses or a Prius and a ā€œSmart Carā€ and uttered ā€œholier-than-thouā€ statements to the public.

I wonder if there's any data (hard or anecdotal) that suggests how many people factor fuel economy into the purchase of a car.

I know I do. Itā€™s one factor I consider. First and foremostā€¦the vehicle must meet what I needā€¦and second is reliabilityā€¦then gas mileage.

I do, but it isnā€™t a significant factor in my decision. Comfort and a reputation for reliability and longevity are my major drivers.

If I win the lottery my major drivers will change. :smiley: