Oil price updates=How is the price at the pump in your area?

[angelwing]

Sigh...on base in NJ...$3.65
right outside base-$3.69-$3.79
At home in PA near my home....$4.03, though Wawa is still at $3.83 and Gulf is at $3.95 thought I expect them to change since Luk Oil is over $4 and the Exxon by me didn't have their sign lit up so I figure they are changing their prices too

[vbhoutex]

Finally has gone over $4 a gallon in some areas of Houston. I'm still seeing 3.73 in our neighborhood.

[Ivanhater]

HUGE sell off in Oil today. Down over 7.25% now trading below $100 a barrel.

[Ivanhater]

Now down -8.72%!

[Tireman4]

Well, I wonder when it will reflect in the pump prices? 3.89 for a gallon today at my Chevron...

[Extratropical94]

If I look at the diesel and gas prices here I can tell most of you:
Be glad not to drive around in Germany:)

Diesel currently at about $7.90 per gallon
Premium seems to have reached a new record high on Tuesday/Wednesday: 1.71€/liter -> $9.43 per gallon!

And I got a very negative feeling about this oil price plummet...
Oil companies will keep their prices at the current level and as soon as the crude oil begins to rise, gas prices will follow.

Wouldn't be the first time they did so.

[Stephanie]

If I look at the diesel and gas prices here I can tell most of you:
Be glad not to drive around in Germany:)

Diesel currently at about $7.90 per gallon
Premium seems to have reached a new record high on Tuesday/Wednesday: 1.71€/liter -> $9.43 per gallon!

And I got a very negative feeling about this oil price plummet...
Oil companies will keep their prices at the current level and as soon as the crude oil begins to rise, gas prices will follow.

Wouldn't be the first time they did so.

It probably won't be the last time either.

[george_r_1961]

This is more than supply and demand and although speculation plays a part in the high oil prices it isnt entirely to blame.

Oil is traded in dollars. Therefore a weaker dollar means it takes more dollars to buy a barrel of oil. Oil goes up. A stronger dollar has the opposite effect with investors likely to shy away from oil. Price goes down.

Im not an economist but I did sleep at a Holiday Inn Express last night.

[cycloneye]

Well,the plummeting of Oil prices was of short duration as it rebounded on Monday surpassing the $100 a barrel threshold.

http://www.cnbc.com/id/42951485

[cycloneye]

Oil ends tuesday session around $103 a barrel

As I said at above post,it was of short duration the falling down of prices as so far this week,it has gone up again.The thing that irks me is that every day oil prices go up,there is a different reason that cause them to go up,and today it was the floods.

http://www.cnbc.com/id/42965866

[cycloneye]

Oil Tumbles to below $100 a barrel

The first two days of this week were up and today the prices are down.

http://www.cnbc.com/id/42981451

Oil prices tumbled more than $5 on Wednesday as U.S. gasoline futures plunged limit down, triggering a brief halt in trade on the New York Mercantile Exchange.

Gasoline traded down 25 cents at midday in New York, a move that stopped trade on NYMEX crude, heating oil and gasoline futures.

Losses carried on as trading resumed with a new limit of 50 cents. Prices completed erased gains from Monday and Tuesday, when traders bid up gasoline on fears that flooding would hit Gulf refiners.

Further weakness came from U.S. inventory data from the Energy Information Administration, which showed the first build in gasoline inventories in twelve weeks.

[mf_dolphin]

And still retail gas prices haven't changed. Funny how they change instantly on the way up but not down...

[Stephanie]

And still retail gas prices haven't changed. Funny how they change instantly on the way up but not down...

BINGO!!

Still $3.75 per gallon here.

[Hurricaneman]

Plain and simply, the oil companies are being greedy, so we have to pay for their greed

[gtalum]

Plain and simply, the oil companies are being greedy, so we have to pay for their greed

An 8% profit margin doesn't display unreasonable greed to me.

The oil prices you see in the commodities market are prices for future delivery, usually 2-3 months out. They have very little to do with the price of gasoline at the pump today.

[Tireman4]

We went (Loves on 610 West) from 3.89 on Monday morning to 3.96 in evening and back down to 3.89 on Tuesday and holding. Weird.

[SaskatchewanScreamer]

a whole heck of a lot more in Canada. Our Industry and Transport minister has invited those in the industry to explain to him and Canada why we are paying so much.

[RL3AO]

Went from 3.95 to 3.83 or so rapidly back up to 3.98 then down to 3.90

[brunota2003]

$4.05 here last night on post.

[senorpepr]

On post for E10 is $4.187 (off post is $8.503)
On post for diesel is $4.326 (off post is $7.440)