Political Vine: The Insider's Source on Georgia Politics

Political Vine: The Insider's Source on Georgia Politics

The Political Vine is the home of political news, satire, rants, and rumors.


Stock-up On Gasoline!!!

by Bill Simon

Wow! I paid $2.34 today for a gallon of regular unleaded at the QT on Barrett Pkwy near 575.

Last night when I was in DeKalb County, the price was around $2.38 per gallon.

Two weeks ago I paid $2.99 per gallon. Too bad there was no way to short retail gasoline…I would of made some good cash!

7 Responses to “Stock-up On Gasoline!!!”

  1. Kevin Bailey Says:

    The wholesale price of unleaded gasoline closed at $1.55 and crude close to $64.00. The price will drop under $2.20 in bout two weeks due to the hedge funds getting out of the market. I must admit the race to $100 a barrel was close but I was happy to see mother nature throw the investors in the futures market a curve ball. The lesson learned never f*** with mother nature. The market will test the $60 mark over the next week which should be fun to watch the barrel price go up and down. If Iran and Nigeria get up to speed and calm down wow watch the market tank and prices drop to $50 where it was at the start of the year. The old floor of $35 a barrel is gone lets hope the new money who speculates will not keep the price above $60. If one wants to keep up with the price of crude and other commidites and learn some global lessons click on http://www.bloomberg.com you may learn something.

  2. Chris Says:

    This is old news.

    Today, $2.21 / gallon all over Wade Green Road (thanks to the RaceTrac).

  3. Bill Simon Says:

    There was a 4-day difference between my post and your $2.21/gallon gas, Chris.

  4. Kevin Bailey Says:

    I drive to work in Buckhead then home to Woodstock and I swear it takes longer for it drop in Woodstock then Buckhead. Cobb always had the cheapest gas but heck its hard to imagine we are throwing parties paying $2.21 lets wait until it drops to $1.70 then have a party.

  5. Kevin Bailey Says:

    Bill Simon,
    What is the last price you have seen it seems they are stuck at $2.20.

  6. Bill Simon Says:

    I’ve only seen $2.22…amazing isn’t it?

    Exxon might be filing for bankruptcy soon at these price levels.

  7. Kevin Bailey Says:

    I have found 2.17. I wonder if the price will jump once the new gasoline contract on the NYMEX starts up which will replace the MTBE contract. The actual price we should be paying now with the added tax for Federal, State and local is $1.70 to $1.80 so Exxon does not have to file for bankruptcy.

Today's Deep Thought

One afternoon, when I was about ten, I decided to walk over to the 'wrong side of the tracks.' At first I was a little scared. But then I noticed that the yards were nice, and so were the houses. In fact, most of the houses were better than those on our side of the tracks. A lot better.



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