Log in
Feed | Contact |

    postGas Prices

    I put an Oil Price widget on my home page a while ago.  I'm also considering writing a little program that checks the closing oil and gas prices every day and saves them, so that later I can go back and do some statistical analysis.  That hasn't happened yet.  However, after frequently eye-balling prices for nearly a year (including the fall from the $140 high to it's current near-50 level),  I can say that all else being equal, a $5 change in the price of oil equates to a roughly $.10 change in the price at the pump. 

    Of course, this is highly un-scientific.  At best, it probably only holds in my local region of the country, and other forces often have a greater impact on the final price.  However, it's worth mentioning now because oil has risen about $5 over the last few days.  It's might be worth-while to top off your gas tanks in the next couple of days.

    The current local price is $1.999 per gallon.  If I'm right and if the price of oil holds steady, it will be $2.099 by the time I come home from work Thursday if not sooner.  I'll post back then and see what happens.

    posted by Joel Coehoorn on March 24, 2009 at 03:12 AM    Comments (0)

    Calendar Archive

    <<  March 2010  >>
    MoTuWeThFrSaSu
    22232425262728
    1234567
    891011121314
    15161718192021
    22232425262728
    2930311234

    View posts in large calendar