In the western part of Delano,MN(you kin look it up)the price hit $3.15
yesterday and there were no lines.At 2pm it was still $3.15 and apparently
the station owners in town..we have 3 gas stations....decided that the rush
of folks leaving for the cabins "up north" was over so the price dropped to
$2.89. Still no lines.
My guess is that by Monday mid afternoon the price will once again be $3.15

Bob40

Actually, Paul, if there really were price-fixing going on, you
wouldn't be asking that question. The dealers would have a quiet
arrangement amongst themselves to offer a range of prices, with
different dealers taking turns to be low man on the scale.

That would lull the sheeple into believing there was vigorous
competition.

The very fact that prices seems to move in lockstep is evidence of the
fact that they are competitive with one another, contrary though that
may seem.

Funny, nobody seems to rant about price-fixing when there is a glut of
deliverable product, and retailers get into a price war for market
share, yet prices move in the same lockstep fashion.

The real problem here is that there is a shortage of refinery
capacity, especially now with the facilities in the Gulf down due to
Katrina.There's no scarcity of crude, but there's no way to process
enough and get it to market.

After a month or two, they should have the Gulf refineries and
terminals back up and running, which will also help provide
much-needed jobs and cash flow for the residents of the area.

Gord Richmond

87 grade is $2.85 or so in Austin.

JT

two gas "experts" I've heard on the news in the last couple days:

made sense:  the Prez of Ashland/Marathon Refining was on WHR radio
(Detroit)....talked about the 2 pipelines (Central and East) that were
down from the hurricane....both back and running by Friday....but....his
company (like others) has bought imported crude almost exclusively for
some years......since none is being unloaded in the Gulf area, they are
buying Texas crude that on Thursday was $.50 more per equivalent of a
gallon of gas.  what he said made sense.

the old line:  on TV was a "spokesman" for petroleum retailers
group......we always hear the gas stations say they make only a couple
pennies a gallon and the prices are set by "the companies"  the
companies say the stations are independent and set their own prices.  so
- the interviewer asked the "spokesman" point blank if the stations are
making more per gallon as the price of gas goes up------I swear to God
he said this with a straight face:  "The answer is No....in 1950 the gas
station only made 2 or 3 cents a gallon when gas was 26 to 30 cents, so
they were making 10 percent.  They're still only making 10 percent, so
they aren't making any more than they ever have"   DUH!!!!!  I think I'd
settle for a 30 cent per gallon mark-up on an average 20 gallon sale X
hundreds of sales a day!

On Fri, 02 Sep 2005 20:10:51 GMT,  you wrote:

2.91 tonight, as opposed to 3.29 yesterday
    --Shiva--