About Oil Prices

Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again?

August 14, 2008 By: admin Category: oil prices

McGoo asked:


In early May, the average price $ per gallon in the U.S. was under $3 per gallon. Right now, with oil back at that previous level, gasoline is still hovering around $4 per gallon. Tell me that Exxon Mobile is not gouging us.
Go Broncos…Theoretically, yes that is the way it is SUPPOSED to happen but if that were the case, then why does the price at the pump go up seemingly immediately when the price of oil goes up at the end of the trading day in Saudi Arabia?
Rocker & nj2pa…national average still lists 3.89/gal. Diesel fuel has declined 60 cents a gallon here in Michigan over the past 2 weeks yet unleaded actually went up 2 cents per gallon within the past two weeks. We are at 3.88 along the West coast of Michigan. Traverse City South to Muskegon.

Calvin

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3 Responses to “ Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again? ”

1. # 1 Go Broncos Says:
   August 16th, 2008 at 1:46 am

   The 11400 barrel price when oil last month was 14700 barrel price when oil last month was 14700 barrel price is for september delivery price is todays price when oil last month was 14700 barrel price is todays price when oil last month was.

2. # 2 Rocker61 Says:
   August 16th, 2008 at 10:02 am

   I paid $3.49 yesterday. I don’t know what you are talking about.

3. # 3 nj2pa2nc Says:
   August 17th, 2008 at 11:33 am

   For regular yesterday.

4. # 4 Doc. justasinner111 Says:
   August 19th, 2008 at 2:23 am

   The minute the oil raises on the stock markets they change station priceswhen it goes down it goes down it takes months yes they are screwing us big time.