Gasoline prices Skyrocketing!
- Thread starter Oldaudioschool
- Start date
Finally, the price in this area is dropping. with the recent slide in cost of crude I expected significant reductions in the price of a gallon but as we all know when crude goes up, the pump price goes up that day, when crude goes down the pump price doesn't drop until the crude purchased for less actually reaches the pump.
Costco dropped the price about 35¢ a gallon in the last day or so. Finally below 2 bucks. Kinda expect more if crude stays this low.
Costco dropped the price about 35¢ a gallon in the last day or so. Finally below 2 bucks. Kinda expect more if crude stays this low.
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It doesn't work going down like it does up. For many dealers their commission per gallon is rather small and this is part of why the traditonal service station is a dying breed. My dad made about SIX CENTS A GALLON on gasoline and had to rely heavily on his skills as a mechanic because he simply would not close the bays and sell beer and food. That was his dream since he was a young man and he did it until his wrists and later cancer took that away from him. Still he worked in the parts department of a car dealership until he retired, and then his lung cancer was found.
Working at his stations in the summer and listening to him I learned a lot about his chosen career, but for FIXING the cars. And you can't convince people of these things, they predate political crap as controversy for anyone that doesn't remember Nixon.
And these days you have to get some of your lost margins out of the product before the price collapses, you would go under if you couldn't. In 1983 a vapor locked tank of premium took priming to get it flowing again and $15.000 eant into that hole before it did, then few bought it other than RV owners, a man with a 4-door Thunderbird 427 and occasional people like late Idaho Governor Cecil Andrus, who was my father's dream customer as he idolized him, it was the biggest moment of his career.
My dad loved his work and it was not an easy thing to do, after three different stations in a row he had to declare bankruptcy and return to Idaho to work for another station with a large amount of repair jobs. By that time I had decided that Oregon would be my final home, I love this state.
Working at his stations in the summer and listening to him I learned a lot about his chosen career, but for FIXING the cars. And you can't convince people of these things, they predate political crap as controversy for anyone that doesn't remember Nixon.
And these days you have to get some of your lost margins out of the product before the price collapses, you would go under if you couldn't. In 1983 a vapor locked tank of premium took priming to get it flowing again and $15.000 eant into that hole before it did, then few bought it other than RV owners, a man with a 4-door Thunderbird 427 and occasional people like late Idaho Governor Cecil Andrus, who was my father's dream customer as he idolized him, it was the biggest moment of his career.
My dad loved his work and it was not an easy thing to do, after three different stations in a row he had to declare bankruptcy and return to Idaho to work for another station with a large amount of repair jobs. By that time I had decided that Oregon would be my final home, I love this state.
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People are still zooming down the nearby interstate in both directions, or at least they were yesterday, I haven't looked...yeah, no difference in traffic, the campers and trailers are gone now.
I'm hoping the power doesn't go off before my ramen is done, I had to bow to the porcelain throne this morning and am trying to recover, there were strong winds forecast for today and I'm also next to a river.
I'm hoping the power doesn't go off before my ramen is done, I had to bow to the porcelain throne this morning and am trying to recover, there were strong winds forecast for today and I'm also next to a river.
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Looks like oil is finding a footing. Maybe the bottom has been hit ?
Local, low water marks on gasoline hit $1.29 for a gallon of unleaded this morning. Adjusted for inflation, that's like paying 25 cents a gallon in 1971... that's pretty damned cheap ! Minimum wage way back in 1971 was $1.60/hour...
Local, low water marks on gasoline hit $1.29 for a gallon of unleaded this morning. Adjusted for inflation, that's like paying 25 cents a gallon in 1971... that's pretty damned cheap ! Minimum wage way back in 1971 was $1.60/hour...
