And yet gasoline prices rise

TorpX · 03-02-12, 01:40 AM

Quote:

Originally Posted by mookiemookie

If what you said was true, and the runup in prices was solely due to inflation, then the inflation adjusted price would be steady. It's not. QED.

I didn't mean that the rise in prices is soley, or even mostly due to inflation. There is the matter of instability/Iran stuff in ME. But there is little that can be done about that. The Fed inflation is a self-inflicted wound, though. I really doubt that speculation is a big factor. I focused on inflation because it will affect everything, not just gas.

mookiemookie · 03-02-12, 11:00 AM

Quote:

Originally Posted by TorpX

I really doubt that speculation is a big factor.

Ignore the evidence and empirical data all you like, then.

Quote:

Originally Posted by jimbuna

UK Petrol Prices for Thursday 1st March 2012

.................................Avg.............. ...........Min.................................Max

Unleaded................137.44p................... ...130.9p.........................149.9p
Diesel.....................144.67p................ .....137.9p.........................155.9p
SuperUnleaded.......144.95p......................1 34.9p..........................159.9p
Premium Diesel......152.58p.......................143.9p.. .......................160.9p
LPG.........................75.72p................ .........66.9p...........................84.9p

Sheeshk, jim. If my math is correct, 137.44p per litre is $8.26 a gallon here. Down the street from me, it's going for $3.49 a gallon...I guess that makes it 92p

Jimbuna · 03-02-12, 01:23 PM

Quote:

Originally Posted by mookiemookie

Ignore the evidence and empirical data all you like, then.

Sheeshk, jim. If my math is correct, 137.44p per litre is $8.26 a gallon here. Down the street from me, it's going for $3.49 a gallon...I guess that makes it 92p

Your there abouts Mark, I make it a little bit more but your probably working it out in US gallons and IIRC the UK gallon is a larger measure.

I remember when we met in 08 and the popular talk at the time was the fact gas/petrol had hit the $3 point.