| Topic |
From |
- Question/Comment
|
Guru's Answer/Comment
|
| Holiday
|
Peter |
-
-
Why do prices go up before holidays?
|
Guru Says: It does appear that gas prices go up
before a holiday, but in reality it is not always
the case. The Friday before Memorial weekend of
2006 - the prices came down. Come to this site and
get the prediction for the day and try to beat the
increase.
|
| Oil |
Craig |
Which oil companies are
American owned? |
Guru says: Oil companies
such as Valero, Mobil, Marathon, Exxon, Sunoco are
all American operated and are publicly traded by stockholders.
Citgo is owned by Venezuela. Shell is mostly French
owned |
| Coupons |
Ben |
Do the coupons work at
the Mobil/1 Stop stations? |
Guru says: Yes; the 1
Stop gas coupons can be redeemed at all area 1 Stop
Locations. |
| Price |
Anne |
What is going on with
the price of gas? Will it go up higher or start to come
down?
|
Guru says: Gas prices
will most likely stay between 2.65 and 3.19 a gallon
in this area for the next few months. (That is if no
major things happen with other countries, hurricanes,
or terrorism) Stated July 2006 |
| Price |
Jerry |
How come the price of
the gas at the pump goes up the same day the price of
a barrel of oil goes up at the stock market?
|
Guru says:
Gas prices on the street don't always react to the cost
of crude oil. Following the price of crude is one factor
of many that you can use as a barometer of street gas
prices. To find out more on gasoline, oil, ethonal -
click the links on the homepage. Some factors of street
gas prices : cost of crude, supply and demand, market
traders, distribution and local competition. |
| Price |
Gretchen |
Why does the price of
gas fluxate so much in a short amount of time? Also,
why has the price of gas doubled in a matter of two
or three years?
|
Price Fluctuations:
Here locally, gas prices can fluctuate due to gas
stations competing for the customer. Each station
tries to under cut the nearest station - which causes
a chain reaction. This Fierce fighting of the retail
price causes local owners to eventually sell below
their cost. Sooner or later someone raises the price
to get a markup back in place to cover costs and try
to make a little profit.
Gas price doubled? Guru Says: Short answer:
Gasoline prices are driven by the realities of global
supply and demand for crude oil. There are also costs
associated with refining, distributing and delivering
gasoline that factor into the price you pay at the
pump. When you adjust for inflation, today's pump
price is actually lower than the peak retail prices
of 1981.
Over the last two years - prices are much higher.
Some causes are tight supply issues due to global
demand, weather, terrorism, oil refiners making big
profits and the government requiring cleaner burning
gasoline for the environment. Click link below to
read more.
http://www.factsonfuel.org/gasoline/OilPrimer.pdf
|
| Other |
Sam |
I like to do business
with local businesses if they are competitive, is Speedway
such a business? |
Guru says: Speedway
is a chain of stores owned by Marathon. Marthon is
one the largest oil companies in the world competing
against Mobil and Shell. There are about 2000 Speedway
stores from Michigan to Florida. What chains are owned
by local people? 1 Stop is family owned along with
Quick Sav, Conlee oil, & Fast Stop.
|
| Price |
James |
what will gas prices go
up to this week aug 21-27, 2006
|
Guru Says: If the markets
continue to hold or go down with oil and gas prices
- we should see street gas prices somewhere between
2.79 and 2.99 in Genesee County area that week
Guru was off on prediction of this one |
| Price |
Donna |
will gas ever be affordable
again? |
Guru Wonders: What
price would make gas affordable? From what the Guru
is hearing; gas prices will not go below $2.00 a gallon
ever again. Inflation is consistantly eating away
at our income! |
| Diesel |
Dave |
why have diesel fuel prices
gone higher than gasoline and remained constantly higher
if the refinement process is less than gasoline |
Guru says: For some reason
the refiners have been keeping inventories tight on
Diesel. Low supply causes higher prices. In addition,
when President Clinton was in office he signed into
law that Diesel must burn cleaner by 2007. This law
forced refiners to create ultra low sulfer diesel which
is coming to stations now. This switch could have caused
some supply issues. |
| Rrices |
Dana |
Will gas prices continue
to lower through the end of 2006 and the start of 2007?
Also why are gas prices lowering all of a sudden?
|
Guru says: Gas prices
this September could continue to lower - Guru's guess
it will go down to about 2.29 a gallon and then go back
up. Why Lowering? According to the EIA: No major refinery
or petroleum infrastructure damage due to hurricanes
or other reasons, has kept gasoline markets relatively
calm. Also, the end of the peak gasoline season behind
us and the peak heating fuel season not yet here, the
market may be simply reflecting the usual shoulder period
forces as it transitions from summer to winter seasons,
resulting in an absence of product price pressures.
|
