http://www.wcax.com/story/20071925/vt-gas-prices-continuing-to-decline
Vt. gas prices continuing to decline
Posted: Updated:
MONTPELIER, Vt. (AP) - The price of gas is continuing to go down in Vermont.
The website Vermontgasprices.com reports the price averaged $3.68 gallon on Monday, down 7 cents in a week.
Nationally, the average price per gallon was $3.46.
Vermont's gas prices are still 18 cents higher than they were a year ago, but 25 cents cheaper than a month ago.
The national average stands at 3.1 cents per gallon higher than the same day a year ago, and 32.6 cents per gallon lower than a month ago.
The website reports the lowest gas prices in Vermont are in the Springfield area where prices are about $3.40 a gallon.
hidden in plain sight higher than last year
ReplyDelete"18 cents higher than they were a year ago"
the speculators need their profits.
ReplyDeleteFuel is a commodity no different then wheat or lobster. It sells at cost, plus whatever the market will bear. Simple matter of supply & demand.
ReplyDeleteMeanwhile, most every effort to increase fuel/energy supply has been thwarted. No NG pipeline in VT. No hydrofracking. No Keystone Pipeline to existing refineries. No new refineries.
I'm rather indifferent to the price of gas, but it's fuel oil that is the real burden. Unlike much of the country that has dirt cheap NG, we're stuck with fuel oil and LP.
Lots of thanks to the CSers in Montpelier for imposing a purely punitive tax on VY that will be passed on as a rate hike. Then we get taxed even more to further subsidize low income energy customers.
Again, be sure to thank your local representatives for thinking globally to prevent climate change, while us working stiffs take it in the butt. I'll just keep burning old tires at night in my outdoor wood furnace. Let the folks in Charlestown cope with it.
It is indeed a commodity, unfortunately it is also one that is frequently turned to as the stand by commodity for speculators. When the mortgage-backed derivatives market imploded and was subjected to regulatory scrutiny, they returned to speculating in oil futures which drove up the price of gas. If this were simply a matter of supply and demand, the price would already be much lower as we currently have a glut.
ReplyDeleteYou actually got something right! Positive proof that not all corporate shills are idiots.
DeleteSometime you will need to explain the definition of a "corporate shill" to me.
Deleteactually, that is very very wrong.
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Shill [shil] Show IPA/ʃɪl/ Show Spelled A shill is an associate of a person selling goods or services or a political group, who pretends no association to the seller/group and assumes the air of an enthusiastic customer. The intention of the shill is, using crowd psychology, to encourage others unaware of the set-up to purchase said goods or services or support the political group's ideological claims. Shills are often employed by confidence artists. In the UK the term plant is also used.
@ axlerod
DeleteA shill is an associate of a person selling goods or services or a political group, who pretends no association to the seller/group and assumes the air of an enthusiastic customer. The intention of the shill is, using crowd psychology, to encourage others unaware of the set-up to purchase said goods or services or support the political group's ideological claims. Shills are often employed by confidence artists. In the UK the term plant is also used.
your welcome
Shilling is illegal in many circumstances and in many jurisdictions because of the frequently fraudulent and damaging character of their actions. However, if a shill does not place uninformed parties at a risk of loss, but merely generates "buzz", the shill's actions may be legal. For example, a person planted in an audience to laugh and applaud when appropriate (see " claque"), or to participate in on-stage activities as a "random member of the audience", is a type of legal shill.
Deletewell of couse its going down. no one can aford it, go across the river its 10 to 20 cents cheaper..,but if u notice, gas maybe going down but food is higher then i ever seen it, so equils out, state still ben ya over and gets it one way or another
ReplyDeletestate or new world order ?
Delete