Dec
19
2009

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

In early May, the average price $ per gallon in the U.S. was under per gallon. Right now, with oil back at that previous level, gasoline is still hovering around 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.

4 Comments »

  • Go Broncos says:

    Because the $114.00 a barrel price is for September delivery price. When oil last month was $147.00 a barrel it is todays price.

  • Rocker61 says:

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

  • nj2pa2nc says:

    prices are going down slowly here=paid $3.55 for regular yesterday

  • Doc. justasinner111 says:

    The minute the oil raises on the stock markets ,they change station prices.When it goes down it takes 2 months.
    Yes they are screwing us big time.

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