Page 1 of 1
GAS WAR
Posted: Wed Jan 16, 2008 9:02 am
by scherry2
Re: GAS WAR (scherry2)
Posted: Wed Jan 16, 2008 9:04 am
by ragingfish
Quote, originally posted by scherry2 »A good old fashon GAS WAR!!
http://www.wane.com/Global/story.asp?S=7628265been at $2.68 for 3 days. I remember like 8 years ago when there was a local gas war and it went as low as $0.45/gal. THOSE were the days!!!
Re: GAS WAR (ragingfish)
Posted: Wed Jan 16, 2008 10:21 am
by Raven
Quote, originally posted by ragingfish »I remember like 8 years ago when there was a local gas war and it went as low as $0.45/gal. THOSE were the days!!! The last time I saw prices that low it was about 1971.
Re: GAS WAR (Raven)
Posted: Wed Jan 16, 2008 10:23 am
by ragingfish
Quote, originally posted by Raven »The last time I saw prices that low it was about 1971.It only lasted a bout a week, but it was great! People were coming down all the way from NYC to get cheap gas (they burned off a lot of it on the roundtrip I'm sure) and it was about 2 mins from my house. I filled every day just to get as much out of it as I could. IIRC around that time gas was somewhere in the $1.20 range...
Re: GAS WAR (ragingfish)
Posted: Wed Jan 16, 2008 11:55 am
by jake75
I have an old ledger book where I kept a lot of information including details on auto expenses.1-11-1971 19.3 gal @ 27.9/gal = 5.401-21-1971 Quarterly Auto Ins. premium on my 1968 Cadillac Deville $26.24. On my 1968 VW it was $21.76.In 1972 my cable TV service was $4 a month - but I think there were only about 5 channels.
Posted: Wed Jan 16, 2008 7:45 pm
by joatmon
Maryland has a law prohibiting the retail sale of gasoline at a price lower than the current wholesale price. It does a good job of keeping the Sheetz's and Wawa's from killing the local Mom&Pops, but it prevents any interesting price wars here.
Re: (joatmon)
Posted: Wed Jan 16, 2008 8:16 pm
by zionzr2
Quote, originally posted by joatmon »Maryland has a law prohibiting the retail sale of gasoline at a price lower than the current wholesale price. It does a good job of keeping the Sheetz's and Wawa's from killing the local Mom&Pops, but it prevents any interesting price wars here.Wisconsin was a minimum markup law on gas. it has to be like somany cents above wholesale.In other words State mandated Profit!
Re: (zionzr2)
Posted: Wed Jan 16, 2008 11:00 pm
by jake75
Quote, originally posted by zionzr2 »Wisconsin was a minimum markup law on gas. it has to be like somany cents above wholesale.In other words State mandated Profit!There are lots of crazy outdated state laws:Ohio sets minimum prices on beer, wine and cigarettes.Pennsylvania (and others) set minimum prices on milk.Wisconsin requires all butter sold there to be graded - that is an option in the other 49 states. It also essentially prevents the sale of imported butter.Why do they persist? Follow the money - the money flowing to the politicians.
Posted: Wed Jan 16, 2008 11:27 pm
by drunkenmaxx
i have gas wars with a buddy sometimes on the weekend we he comes over to drink with us.
Re: GAS WAR (jake75)
Posted: Wed Jan 16, 2008 11:46 pm
by engineertwin2
Quote, originally posted by jake75 »I have an old ledger book where I kept a lot of information including details on auto expenses.1-11-1971 19.3 gal @ 27.9/gal = 5.401-21-1971 Quarterly Auto Ins. premium on my 1968 Cadillac Deville $26.24. On my 1968 VW it was $21.76.In 1972 my cable TV service was $4 a month - but I think there were only about 5 channels.Yeah, I guess the question is what was the percentage of your income? You probably weren't making as much as you are today.It's still cheap either way you slice it.I was afraid when I saw the thread title that it would be what drunken was referring too...
Re: GAS WAR (engineertwin2)
Posted: Thu Jan 17, 2008 12:45 am
by jake75
Quote, originally posted by engineertwin2 »Yeah, I guess the question is what was the percentage of your income? You probably weren't making as much as you are today.It's still cheap either way you slice it.1971 - 2008 Gas up 10x1971 - 2008 Auto Ins up 6x [but more coverage in 2008]1971 - 2008 Cable TV up 12x [but only 5 channels in 1971]1971 - 2007 Earnings up 5x The real bargain - I remember that "cheap" beer on special was about $4 a case in 1971. It's now about $10. [Natural Light 9.99/24 cans]
Re: GAS WAR (jake75)
Posted: Thu Jan 17, 2008 1:08 am
by drunkenmaxx
Quote, originally posted by jake75 » [Natural Light 9.99/24 cans]that is the exact product creating a gas war with me right now!
Posted: Thu Jan 17, 2008 1:09 am
by scherry2
1975base pay $7.90 per hourgasoline $0.55
Re: (scherry2)
Posted: Sun Jan 20, 2008 8:04 am
by scherry2
a week and its still $2.68 and they are still packed everyday.
Posted: Sun Jan 20, 2008 9:04 am
by WaveAction
wish we had gas wars up here so they'd drop the prices