The past few weeks have shown the price of gas drop by over $2 in my area of South Florida. I am sure others around the country have seen the same. It sure is interesting to me how quickly these prices can drop. This past weekend I headed down to Homestead-Miami Speedway for the NASCAR season finale where I watched 43 cars gulp down some $7/gallon 112 octane fuel like there was no tomorrow. While down there, I noticed that the further South I went, the cheaper gas got. $2.01 for regular and $2.39 for premium is what I saw down in Florida City (right outside the speedway). Not too shabby eh?
What annoys me, however, is the increasing number of stations that are dropping the price of regular, and NOT dropping the price of premium at the same rate. Normally one can expect to pay 20 – 30 cents more for premium fuel per gallon. There are some stations around my house that are charging a “premium” of 60 cents per gallon for the good stuff. What gives? I know most people only look at the regular prices, but geeze! I would be interested to hear if this is happening in your local area as well. Obviously I avoid those stations as I hope others will to. Hopefully they will get the message.
And last time regular was around $2, you only paid $0.20 extra for the top grade.
I noticed that round here too – and also see that diesel is still $1 higher; they’re reducing the prices by an amount, not a percentage 🙁
From my understanding demand for premium has actually increased over the past few years due to more forced induction cars and higher-end cars being tuned to run on it so they haven’t dropped the price nearly as much from the refinery. It’s probably also somewhat geographical as up here regular’s just dropped to $1.60 a gallon in many places, and the last station I filled up at had 91 at $1.89 and 93 at $2.01
I pretty much only get Sunoco gas due to A) it has 91 octane, B) my grocery store has a promo with them, and C) they’re the only gas company that uses 100% domestic oil. Regardless, I was out running errands, needed gas, and found a Sunoco I don’t normally go to. Regular was $1.99/gal (hence the crazy lines). However, the middle grade (89 octane) was something like $2.70, 91 octane was $2.75, and 93 was $2.80. Knowing the stations near my house was more reasonable, I skipped these guys. Lo and behold, my normal Sunoco had regular at $1.99 as well, but 91 was only $2.30 or so. Lesson learned for me!
NinjaKitty – Those are some crazy prices!!
Price margins at its best.
Just a greater way to pull people in with a low 87 grade gas price to see 89 and 91-93 much higer.
Here its a 20 cent increase.
1.69 for 87
Today I saw regular for $1.98 and Premium for $2.98 :(. I mean come on! That is just insane.