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Average National Gas Prices Drop By 0.9 Cents

Tyler Durden's picture




 

According to AAA, the national average gas price has inversely plunged by 0.9 cents overnight. The culprits: terrorist refinery companies and mom and pop gas station operators who welcome the days of positive margins. That is all.

 

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Tue, 05/10/2011 - 09:11 | 1258764 Drag Racer
Drag Racer's picture

whew, were saved

Tue, 05/10/2011 - 09:19 | 1258793 FLETCH
FLETCH's picture

up here in the NE, there's a program to save 10-20cents on gas at shell by buying groceries at Stop and Shop

drove by yesterday.... cars lined up 10 deep

but food and energy prices don't matter to the Bernank

what a clusterf&*k

 

Tue, 05/10/2011 - 09:20 | 1258815 jimcg
jimcg's picture

Idiot serfs.....they pay twice more at that midnight ripoff than if they bought gas in midtown Manhattan.

Tue, 05/10/2011 - 11:42 | 1259334 camaro68ss
camaro68ss's picture

YES! I can now take that road trip across country i was planning on doing this summer!

Tue, 05/10/2011 - 09:28 | 1258844 unwashedmass
unwashedmass's picture

the peasants are between a rock and a hard place here....

Bernanke wants to devalue the dollar, so gas is going up....and when he is forced to take his foot off the pedal for a few days....

you got the oil companies reluctant to lower prices, cause man, they got a good thing goin!!! four days of nice sweet profits before Bennie cranks his presses......

no one gives a shit the peasants are dying.

Tue, 05/10/2011 - 09:58 | 1258937 Tinfoil Hat
Tinfoil Hat's picture

Nonsense! it's good for business!

 

http://deadpeasantinsurance.com/

Tue, 05/10/2011 - 09:59 | 1258940 i-dog
i-dog's picture

"no one gives a shit the peasants are dying"

That's actually their plan.

Tue, 05/10/2011 - 10:44 | 1259098 baby_BLYTHE
baby_BLYTHE's picture

It's called Benocide.

He doesn't give a sh*t about J6P.

Inflation is still too low for his liking which means more death and suffering worldwide. Perhaps even the collapse of another democratic government.

Tue, 05/10/2011 - 09:53 | 1258922 Clay Hill
Clay Hill's picture

The SE version is a little better. I regularly save .40 to .50 per gal. my personal max. was .65 x 20 gals.

http://winndixie.com/Fuelperks/Terms_Conditions.asp

Tue, 05/10/2011 - 10:10 | 1258976 MachoMan
MachoMan's picture

Numerous credit cards offer 5% cash back on gas purchases + getting at sams or kroger or some of the likes are often discounted $.10+ from standard prices around here anyway (and we're about $3.70 atm on avg.)

But, the neat part, if you drive out of your way to get the discount, you negate the discount unless you get an ungodly mpg around town...  (many people seem to lose this concept).

Tue, 05/10/2011 - 11:34 | 1259309 Clay Hill
Clay Hill's picture

Macho, I did forget to qualify that I only get that once a month.

I ditched the plastic last year, and have had a club membership for 8 years. Most of my savings on food come from the big monthly buy. Having an extra freezer, vacuum sealer, and canning what comes from my postage stamp sized garden doesn't hurt either.

Saving $20 per month on gas is just icing on the cake.

Tue, 05/10/2011 - 16:45 | 1260500 MachoMan
MachoMan's picture

Yep.  All necessary actions to ride out the stagflationary environment.  (and probably all things people should do anyway).

Tue, 05/10/2011 - 09:31 | 1258847 Vergeltung
Vergeltung's picture

lol

Tue, 05/10/2011 - 09:14 | 1258765 Temporalist
Temporalist's picture

BTFD Bitchez!

Tue, 05/10/2011 - 09:19 | 1258786 detersbb
detersbb's picture

+1

Excellent comment.

Tue, 05/10/2011 - 09:17 | 1258798 TheTmfreak
TheTmfreak's picture

The price can only go up from these all time lows.

Tue, 05/10/2011 - 17:49 | 1260696 Mentaliusanything
Mentaliusanything's picture

Forced to buy the dip.

Walking (Fat)Bitches

Tue, 05/10/2011 - 09:17 | 1258771 TheTmfreak
TheTmfreak's picture

I wonder what I'm going to do with all that money I'm now "saving"...

Tue, 05/10/2011 - 09:21 | 1258802 Sudden Debt
Sudden Debt's picture

I depends, but on average you should be able to buy a bag of dorito's with the gains of 2 fill up's.

 

Tue, 05/10/2011 - 09:23 | 1258814 TheTmfreak
TheTmfreak's picture

If I am to believe I can save about 2 dollars for a fill up that means I can buy about 1/20th an ounce of silver. At least that 2 dollars would be well "spent" (saved).

Tue, 05/10/2011 - 09:28 | 1258834 Sudden Debt
Sudden Debt's picture

AND IF YOU SAFE THOSE 2$ AND DO SO FOR THE NEXT 24999 OTHER FILL UP'S YOU COULD BUY A ELECTRIC CAR WITH YOUR SAVINGS!!!!

 

 

so if you filled her up every day of the year.... IT WOULD ONLY TAKE YOU LIKE 68 YEARS TO BUY ONE!

that's inflation NON adjusted of course...

 

 

 

Tue, 05/10/2011 - 09:28 | 1258845 TheTmfreak
TheTmfreak's picture

I'd rather take 1/20th pieces of silver than some coal guzzling overly complicated piece of shit.

Tue, 05/10/2011 - 09:31 | 1258857 Sudden Debt
Sudden Debt's picture

Most new electric cars have about 1 pound of Silver in their Silver-Zinc batteries you know.

 

Tue, 05/10/2011 - 09:50 | 1258909 TheTmfreak
TheTmfreak's picture

Oh riiiiight. I guess I could always use that money to buy SLV........

Oh I kid, I kid.

Tue, 05/10/2011 - 15:12 | 1260081 surfer433
surfer433's picture

I, errr... You have a dream

Tue, 05/10/2011 - 09:36 | 1258871 Temporalist
Temporalist's picture

Yea the smallest bag of Doritos that barely gets enough magic flavor dust on your fingertips to be satisfying.

Tue, 05/10/2011 - 09:16 | 1258772 RobotTrader
RobotTrader's picture

Here come more margin hikes.  Another blizzard of paper to push down inflation.

Tue, 05/10/2011 - 09:15 | 1258780 Sudden Debt
Sudden Debt's picture

in the good old days (Pré 2007) it only took bullets and a all out war to supress the oil price...

 

Tue, 05/10/2011 - 09:19 | 1258810 Dr. No
Dr. No's picture

In defence of Prez Obama, he is trying his best.  I mean invading Libya, Pakistan, and now trying to get a cold war with China.  Who would have thought is was so hard?

Tue, 05/10/2011 - 09:24 | 1258832 depression
depression's picture

4 More Years Bitchezz !!!

Tue, 05/10/2011 - 09:32 | 1258852 Sudden Debt
Sudden Debt's picture

AND THAN HE CAN BE SUCCEEDED BY ANOTHER OBAMA FAMILY MEMBER!! (who will also have a Hawaii birth certificate of course...)

Tue, 05/10/2011 - 09:34 | 1258858 iinthesky
iinthesky's picture

Change we deceive in!

Tue, 05/10/2011 - 09:50 | 1258912 magpie
magpie's picture

Hawaii's rich history of Monarchy hm...

Tue, 05/10/2011 - 09:17 | 1258795 Drag Racer
Drag Racer's picture

doubt it, more like the increase in the dollar due to the euro sell from spooked investors

Tue, 05/10/2011 - 09:14 | 1258773 bob_dabolina
bob_dabolina's picture

Phew, 

Saved a whopping $2 filling up.

Tue, 05/10/2011 - 09:17 | 1258794 Sudden Debt
Sudden Debt's picture

Reasons enough why Obama should create some sort of extra car tax. ROOM TO MANEUVRE!

DY YOU EVIL SPECULATORS!

 

Tue, 05/10/2011 - 09:53 | 1258933 pods
pods's picture

How big of a tank do you have?

:)

pods

Tue, 05/10/2011 - 09:14 | 1258774 Sudden Debt
Sudden Debt's picture

WEALTH EFFECT FOR EVERYBODY!!!

Tue, 05/10/2011 - 09:15 | 1258781 detersbb
detersbb's picture

Oil down $10.00 per barrel.

Gas down less than $0.01.

We have a free market for surety.

Tue, 05/10/2011 - 09:23 | 1258817 Sudden Debt
Sudden Debt's picture

You've got to understand the oil business.

They've got the paperwork, the congres bribes and many many many other overhead costs to cover.

That 0.01$ IS COMMING STRAIGHT FROM THEIR POCKETS!! YOU SHOULD BE GREATFULL!!

 

Tue, 05/10/2011 - 09:24 | 1258828 TheTmfreak
TheTmfreak's picture

Now if only we could tax them more that would bring down the prices of gasoline further... Right?

 

Right.

Tue, 05/10/2011 - 09:35 | 1258867 Sudden Debt
Sudden Debt's picture

YES! LET'S THE CONSUMER PAY FOR.... polution? YES GLOBAL WARMING!!!

SAVE THE PINGUINS!!

50% OIL TAX TO SAVE THE PINGUINS!!

LET THE POLUTERS PAY UP!

and than they can show live footage of their efforts trying to save them as proof... I will most certainly cost about 2 trillion just to study them and another 5 trillion to try to save them.

 

 

Tue, 05/10/2011 - 09:47 | 1258911 unununium
unununium's picture

Kudos to you SD, for managing to yell constantly and not be annoying, but insightful and hilarious.

Tue, 05/10/2011 - 10:06 | 1258956 j0nx
j0nx's picture

Speak for yourself.

Tue, 05/10/2011 - 10:24 | 1259029 iinthesky
iinthesky's picture

Hey leave them Pinguins alone! Those poor bastards can't swim in all that climate change.

Tue, 05/10/2011 - 09:18 | 1258783 NOTW777
NOTW777's picture

i think these numbers are bs.  i see the same prices or higher

Tue, 05/10/2011 - 09:22 | 1258823 Sudden Debt
Sudden Debt's picture

problem is that the new computer software from the gas stations can't handle price decreases!

IT'S LIKE A Y2K BUG BUT IN 2011!!

 

But they've got their smartest people working on that computer bug. As we speak they are on the phone with India!

Tue, 05/10/2011 - 09:19 | 1258789 jtmo3
jtmo3's picture

For now. Wholesale gas has almost regained all it dropped last week. Right now it's sitting at 3.34. Good luck with the price dropping much if at all.

Tue, 05/10/2011 - 09:17 | 1258797 Misean
Misean's picture

The chaos in the food and energy complex should go well...

Tue, 05/10/2011 - 09:21 | 1258801 duo
duo's picture

Almost 30 cents worth of backwardation in the Sept contract for RBOB.  Front month is up 6 cents today.

Tue, 05/10/2011 - 09:18 | 1258805 Oh regional Indian
Oh regional Indian's picture

In India, fuel prices are centrally set with an artificially lowered Diesel price and hig (very high) petrol price.

I suppose, giggles and all, we will look back at these days, when we were laughing at 9 cent moves, while standing in the fuel ration line of a 5 gallon can per family of 4 per week.

ORI

http://http://aadivaahan.wordpress.com/2011/05/06/movement-water-radioactivity-etc/

 

Tue, 05/10/2011 - 09:18 | 1258808 cowdiddly
cowdiddly's picture

Parrrrrrrtayy. I can now go on my summer driving vacation to Wally World.

Tue, 05/10/2011 - 09:24 | 1258835 Long-John-Silver
Long-John-Silver's picture

Perhaps it's time to switch from burning Gasoline to burning Trees.

http://www.gengas.nu/byggbes/index.shtml

Tue, 05/10/2011 - 09:37 | 1258875 Sudden Debt
Sudden Debt's picture

Why not plutonium? I've heard they only consume about 1 pound of plutonium/million miles!

Car accidents on the other hand will never be the same....

 

Tue, 05/10/2011 - 09:26 | 1258841 BurnCycle
BurnCycle's picture

I remeber when diesel was 1.25 a gallon, hell i was paying 1.75 not 2 years ago in fort collins.....

But it ends up being more adding all the additive needed to make sure your rig doesnt get destroyed by btu-less and non-lubricating NO sulphur fuel, but thats ok, they will add the same alumina and other life destroying crap to the diesel like they do to the jetfuel.

fwiw, i was getting 19mpg on old #2 un-aided and now lucky to get 15mpg with some liquid muscle..

sorry for the sidetracking rant.

Tue, 05/10/2011 - 09:31 | 1258846 eurusdog
eurusdog's picture

Hasn't dropped a penny here.

Tue, 05/10/2011 - 09:31 | 1258851 iinthesky
iinthesky's picture

Uhhmm.. Bullshit!?

Prices are up 20 cents by me from last week

Tue, 05/10/2011 - 09:35 | 1258864 UGrev
UGrev's picture

NY still has the highest gas tax @ $0.446 /gal. Let me know when and where, muffuggas.. this is horseshit and I'm ... oh, hang on..brb... I saw something shiny on TV. 

Tue, 05/10/2011 - 09:38 | 1258865 cowdiddly
cowdiddly's picture

To heck with that. Im building me a car like the Prophets Fred Flintstone and Barney Rubble had. Yabadabadooooooo

Tue, 05/10/2011 - 13:27 | 1259685 Cui Bono
Cui Bono's picture

Whoa, Did you just say "The Bernank is God and Fred Flintstone is his prophet?".

With apologizes to Wolfgang Pauli....

Live from Bernanking, CB

Tue, 05/10/2011 - 09:38 | 1258866 chistletoe
chistletoe's picture

I remember when I could get a gallon of gas with a quarter.

 

'course, I can still get a gallon of gas for that same quarter ....

 

on the other hand, per btu, natural gas now costs 25% what gasoline costs.

Why does it take Detroit so very long to change gears, retool,

 and build something useful?

Tue, 05/10/2011 - 10:56 | 1259149 aerojet
aerojet's picture

Detroit is finished, man. Get over it.

Tue, 05/10/2011 - 17:59 | 1260744 Mentaliusanything
Mentaliusanything's picture

They have the LPG motors. I drive one and it is good and cheap to cover long distances.

They just don't want to Play.

http://www.holden.com.au/vehicles/commodore/berlina-lpg

Tue, 05/10/2011 - 09:36 | 1258870 Seasmoke
Seasmoke's picture

so thats why the fuckers price a gallon of gas in 9/10 cents

Tue, 05/10/2011 - 09:41 | 1258887 lizzy36
lizzy36's picture

But cramer said to short oil @$96 last week. And that the coming drop in gas prices is bullish to consumers/profits/stockmarket.

How could Cramer be wrong?

Tue, 05/10/2011 - 10:09 | 1258973 i-dog
i-dog's picture

"How could Cramer be wrong?"

His lips were moving?

Tue, 05/10/2011 - 12:08 | 1259406 Problem Is
Problem Is's picture

"How could Cramer be wrong?"

Was he meth-ed out and sweating??

Tue, 05/10/2011 - 09:46 | 1258903 shortus cynicus
shortus cynicus's picture

Perfect time for GM to sell all this dealer's SUV repositories.

Tue, 05/10/2011 - 09:49 | 1258906 Bansters-in-my-...
Bansters-in-my- feces's picture

Gas in Canada is "up sharply" today mainly due to "speculators" ,so CBC told me, this morning.

Tue, 05/10/2011 - 10:15 | 1258992 Sudden Debt
Sudden Debt's picture

Even in Canada?!!

DAMN THOSE EVIL SPECULATORS!!

THEY ARE EVERYWHERE!!!

Tue, 05/10/2011 - 15:18 | 1260119 surfer433
surfer433's picture

There are more speculators than you can shake a stick at.

Tue, 05/10/2011 - 18:05 | 1260757 Mentaliusanything
Mentaliusanything's picture

That's exactly what you need to do, hit em with 4x2's

Tue, 05/10/2011 - 09:51 | 1258925 Siggy
Siggy's picture

It's all over the local news here in Boston the last few days...gas prices have started to go down, and 'analysts expect that they will go down (the prices, not the analysts) another 50 cents by summer due to high supplies, easing Middle East tensions and DC pressure.

 

Many breathless standup TV reports from gas stations and interviews with witless proles whose scratch ticket habits have been curtailed due to 4 dollar gas. Had to laugh when WTI went back over $100 yesterday...no reports of that though.

Tue, 05/10/2011 - 10:19 | 1259006 MachoMan
MachoMan's picture

How long ago were the contracts for this gas purchased?  It just seems really strange when price increases are perfectly, immediately, and directly reflected in the gasoline market whereas price decreases tend to take much longer to work through...  or maybe it's just selective perception...

Tue, 05/10/2011 - 10:41 | 1259102 JustPrintMoreDuh
JustPrintMoreDuh's picture

Energy policy = Inflate your tirez bitchez.  

 

 

Tue, 05/10/2011 - 12:06 | 1259402 Problem Is
Problem Is's picture

Forget AAA -- Realtime Gas Prices Across Amerika:
Every state, every county, plus major cities. Data from the public. Exploding gas prices: It's fun, it's educational...

GassBuddy.com

I found the link from Bill the Brain at Calculated Risk...

Do NOT follow this link or you will be banned from the site!