Gas price disparity

9/22/2008:

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So much for the economic “road to recovery…” Oil prices rocketed higher today – in fact – the biggest single day surge in history!

Guess we’ll be doing our Xmas shopping online even more now!

Speaking of gas, on my way to the Edgewater Trader Joe’s this afternoon – I noticed something bizarre. The Gulf station on the way there had an incredible price difference between regular – and the “plus” and premium grades of fuel – 74 cents? That just doesn’t make sense!

The Exxon further down the road had the same price for regular – but only a 13 cent difference for the next higher grade.

Can anyone explain that? Did they have “leftover” gas in the tanks when the cost was higher? I just don’t get it.

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17 Comments on "Gas price disparity"

truth1
Member
truth1

Look for the cost of gas and diesel for the operations the City of Hoboken to be questioned…reported to be almost $400,000 for last year. The City Management seems to be fine with this. Wonder what the state will do? What should the taxpayers do? :mrgreen:

drdrool
Member
drdrool

that gulf is always way off on prices. Have commuted that way for 2 years and they are never close to anyone. I think they prey on the person who dosn’t know their mistake before filling up. Their premium is always way off price.

AS for that oil chart…That is not an accurate quote of prices. The october crude oil contract expired yesterday. Oil was up yesterday but only $7 on the active contracts, not the $17 reported in october. That contract started to take off 2 hours before it goes unlisted on the exchange. if you screwed up and had a position in that contract you have to go to Oklahoma and buy the oil or sell it to someone; 42,000 gallons per contract.

Professional oil traders didn’t even look at that yesterday.

MidnightRacer
Member

Who knows. I remember years ago when it was for sale for-like-ever. I never knew who bought it. Was it the city? Or did they grab it?

matt_72
Member

[quote comment=”107311″]RE: 12

[quote comment=”107310″]You need enough land for a decent sized gas station AND parking lot for the store.[/quote]

No problem. At 16th-17th Streets, between Willow and Park Ave’s.[/quote]

Isn’t that supposed to be a park?

MidnightRacer
Member

RE: 12

[quote comment=”107310″]You need enough land for a decent sized gas station AND parking lot for the store.[/quote]

No problem. At 16th-17th Streets, between Willow and Park Ave’s.

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