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purple hayes
Frightened Inmate #2
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 Posted: 04/07/05 - 09:38 Post subject: question about gasoline prices
Why is gas priced at $2.199 a gallon instead of $2.19?
Are the oil companies that desperate for 9/10ths of a penny?
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runaroundsue
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Posted: 04/07/05 - 09:39 Post subject:
marketing 101
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purple hayes
Frightened Inmate #2
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Posted: 04/07/05 - 09:40 Post subject:
Why don't any gas stations dare to be different? I can't recall EVER seeing a gas station that didn't take that 9/10ths of a penny.
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RangerG
Bounty Hunter
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Posted: 04/07/05 - 09:40 Post subject: Re: question about gasoline prices
| purple hayes wrote: | Why is gas priced at $2.199 a gallon instead of $2.19?
Are the oil companies that desperate for 9/10ths of a penny? |
Yes.
Ask me again in July or August when it is $4.199 a gallon.
I'm in the petrochemical industry.
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spongebob
Former FFL Champion
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Posted: 04/07/05 - 09:46 Post subject:
I pay the exact same for 85 octane that everyone else in the US pays for 87.
Colorado enjoys being shagged rotten by the gas companies.
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airehead
Oompa Loofah
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Posted: 04/07/05 - 09:49 Post subject:
| Runner X wrote: | I pay the exact same for 85 octane that everyone else in the US pays for 87.
Colorado enjoys being shagged rotten by the gas companies. |
I 'spect Cali does too.
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wanttorun100
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Posted: 04/07/05 - 09:52 Post subject:
| Runner X wrote: | I pay the exact same for 85 octane that everyone else in the US pays for 87.
Colorado enjoys being shagged rotten by the gas companies. |
actually you probabbly get gas with no ethanol which sorta artifically ups the octane # as I understand it. If that's true you're gettting about 10% more gasoline in your gasoline.
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MechEngDropout
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Posted: 04/07/05 - 09:55 Post subject:
| Runner X wrote: | I pay the exact same for 85 octane that everyone else in the US pays for 87.
Colorado enjoys being shagged rotten by the gas companies. |
89 octane is the lowest grade here. I think elevation is one of the reasons for the lower octane, but I don't know the chemical reasoning for that.
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TriBob
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Posted: 04/07/05 - 09:58 Post subject:
| MechEngDropout wrote: |
89 octane is the lowest grade here. I think elevation is one of the reasons for the lower octane, but I don't know the chemical reasoning for that. |
Maybe if you weren't a dropout. 
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MechEngDropout
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Posted: 04/07/05 - 10:02 Post subject:
| TriBob wrote: |
Maybe if you weren't a dropout. |
My name ain't PETE!
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akern
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Posted: 04/07/05 - 10:22 Post subject: Re: question about gasoline prices
| RangerG wrote: |
Yes.
Ask me again in July or August when it is $4.19<sup>9</sup> a gallon.
I'm in the petrochemical industry. |
 Can gas really go up 2 dollars a gallon in the span of a few months? Won't that toss the ol' economy into a tail spin?
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gretriever
Hipster Doofus
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Posted: 04/07/05 - 10:30 Post subject:
Taxes, perhaps?
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RangerG
Bounty Hunter
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Posted: 04/07/05 - 11:34 Post subject: Re: question about gasoline prices
| akern wrote: |
Can gas really go up 2 dollars a gallon in the span of a few months? Won't that toss the ol' economy into a tail spin? |
What I am hearing from the production folks is yes. All our refineries in the US are at maximum production and cannot keep up with the demand. Our last new refinery was built in the 1960's. No one wants a refinery near their house, but they must be located along a waterway which puts them right in residential territory. Also the refineries are in dire need of repair, upgrade and modernization.
Crude is expected to go from $53.00 per barrel to $100.00 per barrel before December this year. Goldman-Sachs has confirmed this. This is not just spot price or water cooler chit chat.
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RangerG
Bounty Hunter
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Posted: 04/07/05 - 11:35 Post subject:
| gretriever wrote: | | Taxes, perhaps? |
State Tax alone in PA is .25 per gallon. Then you need to add Federal Tax.
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MastrBrewr
Saccharomyces cerevisiae
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Posted: 04/07/05 - 11:41 Post subject:
| runaroundsue wrote: | | marketing 101 |
Precisely. It's called odd pricing. Learned about it in Intro to Marketing.
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