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by DocWyeth  Aug 28, 2014

GasBuddy.com reported Wednesday that prices at the pump this Labor Day weekend, currently averaging $3.42 a gallon nationwide, will be the lowest in four years. The reason? “Cheaper global and domestic crude oil prices have pushed costs for North American refiners lower, despite violence in the Middle East and uncertainty about long-term Russian energy supplies.”

by scoutmaster  Aug 27, 2014

Thanks! My grandson is awesome!

by DocWyeth  Aug 27, 2014

LM you remind me of the PA Dutchman who would drive across town and spend 50c on gas to use a 25c coupon. All I can say is God Bless ya.

by DocWyeth  Aug 27, 2014

Oil 93.51 its one day gain is gone. Done. Zip. While I expect a slight increase.. or no decrease due to holiday it will fall after labor day.

by LanguageMan1  Aug 27, 2014

Also, one last thing, I AM right on the price upwards once again. I forgot that it's up by 17 to 20 cents a gallon on the wholesale markets already off the lows of earlier in the month. Too bad I can't do better with currency yet. Harder to pinpoint the increases and decreases there. Buffet and others would be far wealthier if they had me working for them.

by LanguageMan1  Aug 27, 2014

I'm not trying to put you down either, just in-case you or anyone would think I am. I'm trying to educate you and others at times a bit; why not learn something to where you can make money like the big boys at times.

by LanguageMan1  Aug 27, 2014

You really don't understand that much about investing or the effects of the price movement, do you? Let me give you a bit of insight in it, because of that microscopic movement in price, you can make or lose up to 300% of whatever money you've invested. When the price increases hit at the pump as they are here now, they'll by up in the range where I said they'd be. We're up by four to 14 cents a gallon now, and even some of the others locally are seeing it. Don't worry, it's coming to your neck of the woods soon enough. If you buy and extra 10 to 80 or 100 gallons of gas when it's lower, you save more. If you use a discount to make those purchases, you'll be saving even more. With that money, you can put it aside to invest and make it grow more or save up to buy something else you want or a combination of things. The price of gas doesn't have to move up by 25 cents a gallon or more on the wholesale market to effect other prices and costs either, but effect it, it will do.

by LanguageMan1  Aug 26, 2014

LOL! DocWyeth, if you're referring to me, you just don't know what I know which is why I'm right more often than not. I might be off on the days it goes up a bit, but I'm within the range of days and the range I figure the prices will go up. The latest price today on gasoline is $2.76 a gallon as of this moment: http://finance.yahoo.com/echarts?s=RBU14.NYM+Interactive#symbol=RBU14.NYM;range=5d This is the wholesale price, which is what effects the price at the pump. It's up now 12 cents since last weeks low. The price of oil is also up, as is natural gas and heating oil. Most likely, they will be up more. The price at the pump will go up as well. Like I said, we're already going up here at some stations, and more today are up than yesterday, and more will be up tomorrow as well. The same thing will happen throughout the rest of the country as well and is already happening, even looking at GasBuddy charts. But, like I said, we'll be down once again, and I hope we do go down to the lo

by DocWyeth  Aug 25, 2014

Dude you are so wrong. GB charts, your own Yahoo chart all shows oil prices going down. You believe what you want. There is no hope for you.

by LanguageMan1  Aug 25, 2014

Also, we are up at a few stations by two to 10 cents a gallon. Most are unchanged, but they will all be going up soon enough. The increase won't last long if everything goes right and we should be going back down most likely to the $2.87 to $2.95 are on gasoline and lower if we're really lucky. It would be nice as it translates into a price reduction for food, clothing, and most anything besides gas, oil, etc.

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