PithyOpiner
Champion Author
Stockton
Posts:16,215
Points:1,598,520
Joined:Jun 2008
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Message Posted: Feb 22, 2013 1:46:20 PM
Just ask me. I'll tell you. I get my info from my wife. She knows everything.
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Somefatkid
Veteran Author
Alberta
Posts:470
Points:127,320
Joined:Nov 2010
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Message Posted: Feb 21, 2013 5:45:45 PM
There are to many variables to be able to just look at the cost of a barrel of oil. Last year on this day here the barrel was $105.60 and a liter of gas was $1.069, Today the barrel is around $94.80 and price per liter is $1.119. Here in canada the "rack price" of oil holds more weight then barrel price. in all there are too many factors both real and made up to be able to predict price with any accuracy over the long term.
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WEPSMAN
Champion Author
South Dakota
Posts:10,513
Points:2,024,475
Joined:Mar 2005
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Message Posted: Feb 21, 2013 4:49:56 PM
Even if oil does go down, it takes a while for it to reflect that at the pumps. Doesn't seem to work the other way. When oil goes up, so does the price of gas.
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bluenvoy
Champion Author
Nashville
Posts:14,977
Points:1,877,640
Joined:Oct 2005
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Message Posted: Feb 21, 2013 9:22:05 AM
Oil went down. I guess it will take a couple of weeks for gas prices to drop.
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MertieMan
Champion Author
Lexington
Posts:14,798
Points:2,897,560
Joined:May 2005
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Message Posted: Feb 21, 2013 5:23:17 AM
How high and wide is the sky, forget the coming down scene.
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DoctorV
Champion Author
Detroit
Posts:1,070
Points:204,570
Joined:Aug 2008
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Message Posted: Feb 20, 2013 9:47:27 PM
Retail gasoline prices will be affected most by local wholesale prices. Wholesale prices will be affected by RBOB and CBOB futures (and since you're in California, CARBOB prices) as well as local supply conditions such as refinery or pipeline disruptions. Gasoline futures prices will be affected by oil futures prices. Which refineries does your gasoline come from and where do they source their crude? Futures for that supply will probably have a greater effect. If you can divine future retail prices from all of that, let us know. Reminds me of the weather forecasting contests we used to have in my college meteorology classes.
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Gas_Buddy
Champion Author
Maryland
Posts:25,984
Points:3,036,015
Joined:Aug 2004
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Message Posted: Feb 20, 2013 6:38:19 PM
I'm confused.
The topic name is "Gas comes from which?"
What are you asking? Gas comes from which "what?"
Your follow-up (the original post) then goes on to say "I've been trying to see if gas will be coming down soon."
So I know what I'm supposed to be answering (if I can), what does "Gas comes from which?" have to do with your trying to seeing if gas will be coming down soon? What, exactly, are you asking?
If you're asking what you should be looking at, are you what you should be looking at as a speculator or as an investor, or are you asking because you want to know if you should wait to fill up your car's fuel tank today or in a couple of days?
Sorry, but you've got too many things thrown in that don't lend themselves to an easy response to whatever it is you're asking or whatever it is you're looking for.
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TrixieNY
Champion Author
Buffalo
Posts:2,702
Points:656,330
Joined:Apr 2008
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Message Posted: Feb 20, 2013 5:49:51 PM
No
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Gidzmo
Veteran Author
Los Angeles
Posts:470
Points:45,475
Joined:May 2011
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Message Posted: Feb 20, 2013 4:08:19 PM
While informative, Somefatkid, that didn't exactly answer my question.
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Somefatkid
Veteran Author
Alberta
Posts:470
Points:127,320
Joined:Nov 2010
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Message Posted: Feb 20, 2013 3:22:39 PM
[Edited by: Somefatkid at 2/20/2013 3:25:09 PM EST]
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Somefatkid
Veteran Author
Alberta
Posts:470
Points:127,320
Joined:Nov 2010
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Message Posted: Feb 20, 2013 3:18:21 PM
http://money.msn.com/shopping-deals/what-makes-up-the-cost-of-gas-bankrate.aspx
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