Gasoline Price Watch: Day 1
Ok … I’ve been pretty disgusted to see the gas prices skyrocketing at one of the fastest paces in history (at least my history) …. so I thought I’d do a regular price watch based on price movements in the Chicago burbs. Others can feel free to add the prices reflected in their home towns in the comboxes.
And, you can find prices of various stations in your area on “GasBuddy.com”
Since this is the first entry, I’ll add a bit of history too …
Last Thursday, gas at local stations was $2.759 a gallon in the morning. When I drove home from work that evening, it had jumped to 2.999/gallon. This remained until Monday afternoon, when it shot up again to 3.159/gallon.
And, then, yesterday afternoon, prices again jumped … to 3.259/gallon! An increase of $.50/gallon in about a week!
They say its rapidly increasing demand. I think that’s because people are panicked and filling up when the tank is less than empty, hoping to catch a lower price that might get them through the gasoline companies’ price gouging.
There are some calling for another “Gas Out” on May 15th, but I think it would actually have an effect if we did everything we could to lower our consumption more than one day. After all, the folks who don’t buy gas on that day will buy it on other days, so it will have no effect. Even if a station makes $0 on May 15th, it won’t close, nor will it lower its price. It’ll take more than one day.
And that’s exactly what the gas companies and oil execs, economists and analysts are saying. Lower demand and the price will come back down. Duh!
[tags]gasoline, gas price, gas out 2007, catholicsphere[/tags]
I having been thinking a lot about the price of gas lately. Especially with the talk of boycotting the gas stations on May 15th. The boycott plan is flawed. Even if we don’t buy gas on May 15th the oil companies will make their money either the days leading to it or the days after-they really don’t lose. However, my thought is: Why don’t we get everyone we know to start purchasing all their gas from one station like BP. This would hurt the other oil companies and force them to lower their prices in an effort to get customers. Which will in turn force BP to lower its prices to keep its customers. The end result a drop in the price of gas! However, we will have to do this for one month and remain vigilant. When the prices start going up again, we will have to do it again for another month. Let’s all stand together and make this happen. Please pass this email to everyone you know and let’s start this on May 15th instead-It’s time to teach the big oil companies a lesson in consumer economics!!!!!
Mark said this on May 4th, 2007 at 9:35 am
[...] In our last episode, on May 3rd, we found local (Chicago suburbs) gas prices $3.259 (for 87 octane). [...]
CatholicSphere » Gasoline Price Watch: Day 12 said this on May 14th, 2007 at 9:03 pm