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The percentage breakdown of the average gallon of gas in the United States.

No more empty wallets for full tanks in Lamar County

Posted by
in Opinion
Tuesday, December 30. 2008
Comments (5)
The price of gas is perplexing. Today I rode by the Ingles on Highway 341 and watched in fear as the pump attendant changed the sign from $1.47 to $1.54. I thought to myself that because of the upcoming holiday season prices would again sore to an astonishing rate.

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#1 Joe on 01/06/09 at 02:26 PM
Here is a good site to see gas prices around the state. You can also become a gas buddy and submit prices for Barnesville or your town in Lamar.

http://www.georgiagasprices.com/
#1.1 Drew on 01/06/09 at 02:32 PM
Thank you so much for that. I have used that site before. If I am not mistaken they also have a widget you can put on your iGoogle home page or your personal blog.
#2 Rick on 01/07/09 at 03:54 PM
I am currently on business in Norway (the largest oil producer in Europe)where the current price is the equivalent of $9 per gallon, so enjoy that cheap US gas.
#3 I Say... on 01/12/09 at 05:41 PM
Did anyone see the special on MSNBC the other night about the cost of oil?

It said that oil prices were being driven up by investors in the oil futures market. Supply and demand had nothing to do with it. It also said that because the investors were so heavy in oil futures when the economy finally gave out that is one of the chief reasons wall street needed a bail out.

In other words the investors were fueled by greed without any feel for what it was costing the average joe at the pump and elsewhere. When oil fell to below 100.00 and they were holding so much 150.00 oil - the average joe had to go to their rescue.

Screwed again!
#3.1 Andrew Odom on 01/12/09 at 05:56 PM
I didn't see the MSNBC report but I do know that speculation is the largest motivation for oil prices. The entire stock market is based on speculation so it make sense that OPEC would be as well. It is not supply and demand as that would require waiting to see what the supply is before setting prices. The suppliers would never get ahead and, therefore, generate revenue. They need to speculate so they can make money off their initial investment in the oil. The average Joe generally does not figure into the equation.
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