Oil @ $113 why is gas still over $3.50 a gallon
 

wasnt gas like $2.80 something the last time a barral of oil was $113

thank you mr. president! :)
i'm sure he's not in 100% cntrol of gas prices, but something definitely needs to be done now. it's come down drastically in the past few weeks yet we're still hanging WELL over $3.50 in most places.

I've found a few remote locations that are selling for 3.65 - 3.59 but they are the no name brand gas stations. Shell is still at 3.73, Sunoco 3.89, Hess 3.77 ... What gives?

Why would the price drop? If I am making a ton of money from my oil sales why would I want to lower the price? To be a nice guy?

3.53 @ Raceway on Rt 1 in Woodbridge.

So your saying big oil companies arent ethical?

LOL. Business ethics is an oxymoron.

Prices of gas arent dropping because Diesel is still expensive, and it costs alot of money in Diesel fuel to send a tanker to deliver the gas at the gas station. Sounds like a confusing, never-ending cycle... doesn't it? :rofl:

what did you friggin call me?

Hess was $3.63 for regular, $3.91 for super on rt 23 in wayne/pompton plains. It's been coming down pretty fast.

And I thought it was at $100 a barrel when it started going over $3.00 a gallon for regular? I could be way off though...

No, gas was still around $2.75 when oil was around $65-70 a barrel. That's why people complaining about it going to $4 a gallon didn't make much sense since oil more than doubled but gas didn't. Gas prices are supply and demand or demand and supply.

gas IS going back down now, no? i only paid 3.99 for 94 instead of 4.21

It's not going back down because the price never caught up with the jump in crude to begin with. I work for a major oil company during the day and trust me we are making next to nothing on oil this year....luckilly we're also into natural gas, electricity, and retail stores.

3.55 @ a local Lukoil yesterday. I was surprised to see they were the cheapest around

its funny because alot of the price of gas is state tax. i have noticed alot of road work/repairs in the past year. but that could be coincidental...

Wow gas here in NC heapest ive seen is 3.69 for reg.

north carolina is usually the cheapest gas in the country IIRC

nope, its usually New Jersey.

NJ is usually the cheapest, and I think Georgia is usually the highest IIRC. or California

yeah well that was back when it was 2 something a gallon. my bro was living in duram and it was the cheapest in the country at the time

Just wait til the moron we have for a governor and his cronies push to raise the gas tax to finance the depleted transportation fund...that'll change real fast. They're already talking about it again now that the prices are coming down, and could be as much as .20/gallon. Instead of trimming the waste, they want to stick it to us. We have the least efficient road system in country costing us $2.2 million per mile versus the national average of $128,000 per mile.

WOW, and to think, it's all because NJ didnt want to follow the rules. :lol:

And which one of these companies is making next to nothing? I missed it. http://uk.reuters.com/article/busine...25663520080801

My favorite part is where they say that the reason they are making huge profits is because they have nowhere to drill or explore, so there is nothing to invest the profits in (an obvious plug to limit exploration and drilling limitations). To that I have two comments: 1. try investing in alternative fuels; and 2. wow, that must suck. I remember how miserable I was the last time I had too much money and nothing to spend it on. Maybe the remedy for that is to not make so much money? Nah, that would upset the shareholders.

Cheapest gas in wayne:

http://www.automotive.com/gas-prices/34/07470.html?zipcode=07470R
Reg: 3.59
Mid: 3.67
Super: 3.89
Diesel: 4.59

Here is the link to see gas prices all over the place:
http://www.automotive.com/gas-prices/index.html

3.55 here.......if I had a car to put it in

saw 3.50 today in linden nj