[quote name='dtcarson']2.55 at BJ's in Cary NC [membership required for that price, my sub is good till 07]
other than that, that side of town ranges from 2.57-2.63.
Coming back from playing volleyball through Apex, the little NAD station had it for
2.52/gal. Filled up both cars [drove one car to BJs and one from vball]; that was fun, dropping 60 bucks on gas in one day.
I don't think opening up the strategic reserve would be a good solution in this situation. This isn't a 'crisis', we're still getting oil/gas, it's just more expensive. Opening up the SPR would be a stopgap, if anything, not a solution.
And the prices, of both gas and oil, aren't necessarily related to actual supply/demand, but what supply/demand are *believed* to be, now and the near future. Though demand has steadily increased since 1980.
"The U.S. Department of Energy said the nation’s supply of gasoline fell by 5 million barrels in the week ending Aug. 12, putting inventories at 198.1 million barrels, or 12 percent below last year. Crude-oil inventories grew by 300,000 barrels last week to 321.1 million barrels, or 11 percent above year-ago levels."
So we have more oil available, it's just not refined to gasoline. Didn't one of the major gas companies close a refinery not too long ago? and other refineries have had 'technical difficulties'.
and to keep things in perspective: "Oil prices rose nearly $10 a barrel over the three weeks that ended Friday, sending crude oil prices up 40 percent compared to a year ago — but still below the inflation-adjusted high of $90 a barrel set in 1980."
The price of orange juice has risen more, relatively, than gasoline in the past twenty years.
http://www.msnbc.msn.com/id/5612507/[/QUOTE]
Leave it to NBC to put a spin on the entire situation.
Gimme a break here , Theres a reason i quit drinking orange juice, and that was because it got expensive. So i quit drinking it.
The problem here is we live in a world where we are dependent on gasoline. There is no "supply and demand" we need it. With demand, the desire for gas would shrink, but it wont because our survivability relies on it.
i can stop drinking orange juice, but i cant stop buying gas and hope to get to work and make a living.