Yesterday, as best I can remember, regular gasoline in Durham cost somewhere around $3.60-something a gallon. This morning in Chapel Hill, where it's usually a few cents more expensive, it was $3.70-something. I thought "Ok, gas prices are climbing again." Heh. Little did I know.
I just went to fill up.
Gas is $4.29 a gallon.
Fuck me.
Yes, I know about the hurricane. But fuck me.
Edit: Tonight, a day later, the service station that had gas at $4.29 was down to $3.99. But the station across the street that also went up to $4.20-something was up to $4.59.
Edit 2: Ok, all you folks who cranked your gas prices through the ceiling can just crank them right back down now.
While I'm complaining: Crude oil prices peaked in Early July at about $145/barrel. Since then, the price of oil has come down below $100/barrel. That's a little over a 30% drop. In the same period, gas (ignoring today's swing) has dropped from $4.00-something a gallon to $3.60-something a gallon. That's only a 10% drop.
I imagine the oil companies are going to say that gas prices lag crude oil prices. But that lag only seems to happen when prices are dropping, not when they're going up. Today's display is just more of the same.
I'm not usually one to complain about commodity prices, especially considering there's two Middle East wars going on and a big-ass hurricane in the Gulf of Mexico. But if someone breaks something off in my ass, I feel the need to say ouch.




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