Oil prices plunge, gas prices follow: Financial News - Yahoo! Finance
Light, sweet crude for December delivery fell $3.24 to $64.60 a barrel on the New York Mercantile Exchange. Prices had fallen as low as $62.85 earlier in the day.
And…
Oil is now headed back down to the $50-60 range. If the usual behavior of commodity spikes occurs, we’ll go down about as quickly as we went up.
You damned betcha I’m going to keep patting myself on the back for this one, especially given how many wiser heads judged that I was totally nuts for making the prediction.
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What? You mean things like prices go in repeatable cycles?
Why, next thing you’ll be trying to tell us is that sunspots also follow cycles, global temperatures follow them…and atmospheric CO2 levels *follow* temperatures…
[Why, yes, I did read The Last Centurion last night, why do you ask?]
The funny thing is I just bought a VW GTI, which requires premium. Being that I drove a 95 Wrangler before with a 20 gal. gas tank and a whopping 14 to 15 mpg, the thought of paying $.20 more per gallon wasn’t that big of an issue when I considered the gas savings I’d get with a car that has been so far, getting 28mpg.
This is only making me feel better about my decision!
Bad news Robb. Upwards of 80% of cars that they say require premium don’t. Try it for a month with regular and see if it makes a difference. Or find a good independent mechanic that specializes in VWs and ask him.
BTW the ‘73 Plymouth Fury onetime cop car I had did 14 in town.
genes,
You won’t need a month with a GTI. One tank of 87 and you’ll want to trade in the car for something with a little more pep, like an 83 Yugo. The car will run on lower octane, but it won’t perform and in many cases give you much worse mileage.
It’ll run fine with 91, but nobody sells 91 here, only 93, 89, and 87. And it’s not worth saving $.80 to try to mix grades.
I bought the car because I needed something both a little practical (it’ll haul my kids around) and a little sporty (it’ll haul ass).
I take it you tried it. I had a car that was supposed to use 91 but ran fine on 87. Of course that was a 71 Pinto with a 1bbl carb and not FI.
I was flabbergasted that anyone would recommend premium for a Pinto. Then I remembered that in ‘71, an older octane rating system was used with higher numbers, going up to 100. The 91 was probably the cheap stuff back then.
Yes, the owner’s manual said to use regular gas of 91 octane or higher. Of course in ‘73 I couldn’t find regular higher than 87.
Anyone remember when Sunoco had “dial an octane” on the pumps? Highest was 103, IIRC.
Not to knock the VW, but my 2001 Impala gets 30mpg highway and around 24 city. Seats 5 in comfort. Near 200K miles and runs the same as new.