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The Gas Market - BUY? BUY? BUY??

Discussion in 'Off-Topic Discussion' started by Janster, Aug 4, 2008.

  1. Aug 4, 2008 at 8:01 AM
    #1
    Janster

    Janster [OP] Old & Forgetful

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    I don't follow the oil situation and/or the gas prices at all - firguring - it's really never a good time to buy gas now-a-days.

    Anyone else feel like you're playing the stock market?

    The prices have dropped a bit - from $3.97 down to $3.71 per gallon.

    I've got a half tank of gas .... Do I wait for the prices to lower even further? Or should I buy now!!??

    Are prices on a retreat for a bit?
     
  2. Aug 4, 2008 at 8:07 AM
    #2
    David Tarantino

    David Tarantino Well-Known Member

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    about 3.66 in n.j. for about a week now
     
  3. Aug 4, 2008 at 8:20 AM
    #3
    Burns

    Burns Well-Known Member

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    Really where at, I am in South Jersey and the cheapest I have seen is $3.71. Really doesnt matter I guess my light came on the way to work so I need gas regardless.
     
  4. Aug 4, 2008 at 8:29 AM
    #4
    lsocoee

    lsocoee My hair is all natural Moderator

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    buy buy buy!

    I just buy it when I need it. I know the "cheap" places and I go there when I'm getting close.
     
  5. Aug 4, 2008 at 8:31 AM
    #5
    mws4ua

    mws4ua I'll try being nicer if you try being smarter.

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    A $0.26 drop in fuel prices will save you $5.20 on a full 20 gallon fil-up. At half a tank, obviously, you're only saving $2.60. It's not worth trying to time the purchase of gasoline for your personal vehicle.

    It's DEFINITELY not worth driving around searching for the station that's $0.01 or $0.02 less than one you just passed. You're saving almost nothing at that point. (I know you didn't say you were doing that... just pointing out an absurdity I've seen in my friends and family.)

    Best thing to do... get a gas station credit card. We have a BP card that saves 5% at all BP stations (tons of them near my house and work). It's the only credit card we have, and we use it exclusively for fuel and online purchases (b/c I'm wary of using a debit card online).

    All of the major gas station chains have a card that will give you 5% back. Even 5% isn't much, but it's a way to save a few bucks w/o worrying about 'timing the market.' When gas is $3.75/gallon, I'm really paying $3.56 b/c of the discount. At $4, I was really paying $3.80.

    Hope that was helpful.
     
  6. Aug 4, 2008 at 8:47 AM
    #6
    piercedtiger

    piercedtiger Devout Atheist

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    It's dropped from $4.29 down to $3.96 around my house over the last 2 weeks so I'm thinking it's going down for a little while at least. Remained the same for several weeks, then started the drop. So I'm kinda hopeful. My next question is "are propane and fuel oil going down too?" since I'll need heating oil soon, and propane has doubled since last summer.
     
  7. Aug 4, 2008 at 8:53 AM
    #7
    David Tarantino

    David Tarantino Well-Known Member

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  8. Aug 4, 2008 at 12:02 PM
    #8
    Janster

    Janster [OP] Old & Forgetful

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    I think I'll ride it out till I need it...and see where it's at.

    Do I feel lucky? ;)
     
  9. Aug 9, 2008 at 5:07 AM
    #9
    Janster

    Janster [OP] Old & Forgetful

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    Falling!

    The few times I've looked... the prices went from $3.71 to $3.73 to $3.68 to its current price of $3.58. My gas light should be coming on soon!
     
  10. Aug 9, 2008 at 5:11 AM
    #10
    concrete jedi

    concrete jedi Well-Known Member

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    Think of buying stock in said company, then every tank you fill up, your paying yourself, and so is everyone else. :D
     
  11. Aug 9, 2008 at 5:42 PM
    #11
    MikeS.

    MikeS. Well-Known Member

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    Down about 40 cents here. Thankfully.
     
  12. Aug 10, 2008 at 5:23 AM
    #12
    Janster

    Janster [OP] Old & Forgetful

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    Just filled up..... it was $3.59. Not bad.

    Gawd, that's pretty sad when you're happy the prices drop 30cents and theyr'e still well above $3. :rolleyes:

    And for the next tank? Where will the prices be?

    Any quesses?
     
  13. Aug 10, 2008 at 7:18 PM
    #13
    cleanTRDmachine

    cleanTRDmachine watch the meat

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    Down in Carlisle, PA today, i got regular for $3.49!!!:eek::D
     
  14. Aug 11, 2008 at 5:45 AM
    #14
    Hot Tamale

    Hot Tamale Well-Known Member

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    In Allentown, PA over the weekend I was able to get it for $3.63 a gallon.
     
  15. Aug 11, 2008 at 5:58 AM
    #15
    klown

    klown Tacoma World Ring Leader

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    I just drink a case of beer and piss in the gas tank. Fills up the whole tank with 93 octane piss. I get 35 MPG this way.
     
  16. Aug 11, 2008 at 5:58 AM
    #16
    piercedtiger

    piercedtiger Devout Atheist

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    Newark Valley, NY is down to $3.89, but five miles away in Owego it's probably 3-5 cents cheaper. In Ithaca where I worked I passed one station that went back up to $4.03.... WTF?!
     
  17. Aug 11, 2008 at 9:38 AM
    #17
    nagelg

    nagelg Well-Known Member

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    $3.52 here this week. :mad:
     
  18. Aug 11, 2008 at 10:15 AM
    #18
    wiscdave

    wiscdave Lets Do It!

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    3.68 was the cheapest around here..
     
  19. Aug 11, 2008 at 11:47 AM
    #19
    mjp2

    mjp2 Living vicariously though myself Moderator

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    I'll get excited when it's back down to $1.25 a gallon. Damn that stuff got expensive fast.
     
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