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August 30, 2011

Gasoline Steady at $3.61/Gal

 

All those poor souls staying at home last weekend helped to keep the price of gasoline in check.

The nationwide Lundberg survey showed the price of gas flat at $3.61 as of Aug. 26.

Hurricane Irene forced Americans to lower consumption, and took it easy on the refineries.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 7:25 pm | 

A Little Relief

 

The CME has declared force majeure for heating oil shipments into NY for August.

Hurricane Irene’s dirty work is thwarted. The order gives and extension of 5 days from the originally scheduled due date to make deliveries.

Per Wikipedia

Force majeure (French) or vis major (Latin) “superior force”, also known as cas fortuit (French) or casus fortuitus (Latin) “chance occurrence, unavoidable accident”,[1] is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God (such as hurricane, flooding, earthquake, volcanic eruption, etc.), prevents one or both parties from fulfilling their obligations under the contract.[2]

Filed under:Fuel cost,Fuel Price Hedging,Fumes,Gas price | by Pump Girl @ 7:13 pm | 

August 22, 2011

Get Out Your Hankies

 

Take a look at this recent ad by Chevy.

Ya, ya, I know. Poor old truck’s been in the fam for years. Now is your chance to get some better gas mileage, and do your part to get the economy rolling. sniff sniff

Filed under:Fumes,Gas price,Price Shocks,Vehicle News | by Pump Girl @ 3:19 pm | 

August 16, 2011

Finally!

 

Average gas prices at the pump drop almost nine cents.

The national average for a gallon of regular gas was $3.61 on Aug 12. woo hoo!

Remember last year when we were sweating it at the ave. price of $2.77? Those were the good old days.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 7:36 pm | 

August 5, 2011

Crude Should Follow Dow Transports Down

 

Barry Ritholtz notes in his blog post on Wed. that when the Dow Transports head down, the price of crude will follow. That also means the price of gasoline will go down. Per Barry’s nice graph, we are due!

A 70-mile per day driver will save $1,500 annually for every dollar the price of gas goes down. You do the math for fractions.

Filed under:Energy,Fuel Budget,Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 4:52 pm |