How low has your gas prices become?

[TheMercenary]

I saw $1.69 on the way to work today. Never thought I would see that again. And if you have a Walmart gas card it is near the 1.50's. How long will this last? Our gov is talking about an emergency gas tax to raise revenue for the states budget.

[lumberjim]

makes you want to stock pile it, don't it?

[TheMercenary]

Originally Posted by lumberjim

makes you want to stock pile it, don't it?

Funny you would mention that. There is some place out in the midwest that formed a gas station coop. Basically the bought the gas ahead of time and paid for large amounts per person and then used it up and bought more as they wanted or needed it. All when the price was low. They were paying .50 less than most people were when prices where high. I wonder why more people couldn't do that.

[tw]

Originally Posted by TheMercenary

They were paying .50 less than most people were when prices where high. I wonder why more people couldn't do that.

Southwest Airlines was doing that. It's called hedging or derivatives.

Petroleum is bought maybe 3 months in advance. By the time it arrives, current market prices apply. Amazing how so many complained when the big oil companies reaped profits as prices rise, and ignore the massive losses when prices fall.

Gasoline changes over months which is why gasoline from six months ago may be a problem. See Reynolds’s number to appreciate the concept.

[classicman]

Originally Posted by tw

Amazing how so many complained when the big oil companies reaped profits as prices rise, and ignore the massive losses when prices fall.

Yup! There seems to be some sort of disconnect there.

[classicman]

$1.89 is the lowest I've seen here

[Trilby]

dollah fiddy one!

[lumberjim]

i wonder if they're stuck with a bunch of gas that's over priced right now, though?

[TheMercenary]

Until now, I don't think they have had that problem. And I guess they could just buy gas elsewhere while it was lower then what they had bought it at and back to the stockpile when it goes back up.

[glatt]

How long does gasoline keep? Like 6 months? I know my lawnmower complains if the gas is more than one season old.

[Sundae]

Originally Posted by glatt

How long does gasoline keep? Like 6 months? I know my lawnmower complains if the gas is more than one season old.

I know if I have gas for more than an hour, people around me complain.

[xoxoxoBruce]

Originally Posted by glatt

How long does gasoline keep? Like 6 months? I know my lawnmower complains if the gas is more than one season old.

I've been hearing problems with gas over three months old, in small engines like mowers, chainsaws and snow blowers, but that's anecdotal.

[glatt]

Well the owner's manual of my lawnmower has detailed instructions of how to put the mower away for the season. Running the tank dry and pumping the primer bulb repeatedly and starting the mower up until every last drop is burnt. Briggs and Stratton doesn't want old gas to sit in the carburetor, because it will gum it up.

The Straight Dope doesn't answer definitively, but says that often gas will only last a couple of months before going bad. Especially gas with ethanol in it.

The shelf life of gasoline depends on the type of gas and the storage conditions and can range from a couple months to a couple years. One wild card is that gas you buy at the pump may already have been in storage for anywhere from days to months.

....

How to keep your fuel April fresh? First, store it only in clean containers with tight caps. Whether the containers are metal or plastic doesn't matter much, although steel can eventually rust. Fiberglass containers should be avoided unless they're rated safe for alcohol-containing fuels. Keep the container nearly full to reduce exposure to air, but not completely full, so the gasoline can expand or contract as the temperature changes. That said, try to minimize those temperature swings--store gasoline in a cool place to reduce evaporation and oxidation. Consider a gas stabilizer for fuel you plan to keep awhile, but remember stabilizers are meant to prevent gasoline from going bad; they won't restore bad gas to its former health.

[xoxoxoBruce]

Originally Posted by glatt

Well the owner's manual of my lawnmower has detailed instructions of how to put the mower away for the season. Running the tank dry and pumping the primer bulb repeatedly and starting the mower up until every last drop is burnt. Briggs and Stratton doesn't want old gas to sit in the carburetor, because it will gum it up.

Yes, they've used those same instructions forever.
30 years ago I bought a new mower and followed those instructions rigorously. In the spring, I had a hell of a time getting it going again. That fall, I got caught off guard by an early onslaught of cold/snow and it didn't get done, but in the spring it started on the first pull. After that I just put it away and dragged it out in the spring with no problems.
But, with the newer formulations of gasoline, I'd be leery.

[binky]

$2.35