On May 16, 6:21 am, wrote:
On 16 May 2007 01:27:04 -0700, Chuck Gould
wrote:
http://www.fuelgaugereport.com/WAmetro.asp
Throughout nearly every major market in my home state, retail prices
for refined products were off a fraction of a cent or so on Monday
when compared to the previous day.
By the way, this is an interesting site. You can look up your own
state and track fuel pricing. On the home page of the fuel gauge
report there's a chart tracking the retail and wholesale prices of
refined products, as well as the cost of a bbl of oil at the wellhead.
There are fairly parallel lines in the retail and wholesale prices,
(although the fact that the margin between retail and wholesale is
currently below recent averages tends to dampen any optimism fostered
by a partial cent drop in retail pricing). Looking at the very flat
line on the bottom of the chart, it's easy to visualize that the price
of crude oil has next to zero effect on the price of refined products.
I likehttp://www.gasbuddy.com/
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That's a good site as well.
And most of the trend lines reported there say "level", with a few
individual areas headed down and only Louisiana headed up.
Maybe I'm too optimistic, but I think we may be at or near the top for
this year. Doesn't cost anythng to be hopeful, and we know that gas
pricing will change. Whether we're paying 15-20 cents more in a couple
of weeks or 15-20 cents less that will be a change and if there are
indicators that prices are beginning to level off or even drop the
change could be for the better.