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Gas Cost Vs. Oil Cost

fbachman

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thewaterboy Enthusiast

thewaterboy

Posted
Posted

WOW! Nice chart.... Even though these prices will not last long,I know I'm enjoying them while they are here. Nice to fill up these days! Lets see how long oil stays this cheap until the greed factor kicks back in. :cheers:

Bowtie2Sierra Enthusiast

Bowtie2Sierra

Posted
Posted

Great chart...that is very interesting. Until I saw the prices charted out, I didn't realize we had been paying the higher gas prices for nearly 3 years. I'll take the cheap gas while it lasts. My guess is that we have 3-5 months to enjoy gas below $2/gal before it begins creeping back up again.

NFSGamerUSA Enthusiast

NFSGamerUSA

Posted
Posted
Here's a quick graph I created out of GasBuddy.com's average gas price chart. I added a trend line approximating what it really should cost:

 

GasPriceGraph.png

 

I think that'd be about a $0.30 increase per year, and it probably averages out to about that after the increase and decrease of prices among the seasons. That being said, that probably explains why we're seeing crazy low prices after extremely high prices. There was just way more variation between the seasons this past year than usual.

fbachman Senior Enthusiast

fbachman

Posted
  • Author
Posted
Here's a quick graph I created out of GasBuddy.com's average gas price chart. I added a trend line approximating what it really should cost:

 

GasPriceGraph.png

 

I think that'd be about a $0.30 increase per year, and it probably averages out to about that after the increase and decrease of prices among the seasons. That being said, that probably explains why we're seeing crazy low prices after extremely high prices. There was just way more variation between the seasons this past year than usual.

 

 

That's cool. I never thought about trending it. What I find interesting are the spikes in my chart not explained by the oil price, like around memorial day.... :thumbs:

NFSGamerUSA Enthusiast

NFSGamerUSA

Posted
Posted
Here's a quick graph I created out of GasBuddy.com's average gas price chart. I added a trend line approximating what it really should cost:

 

GasPriceGraph.png

 

I think that'd be about a $0.30 increase per year, and it probably averages out to about that after the increase and decrease of prices among the seasons. That being said, that probably explains why we're seeing crazy low prices after extremely high prices. There was just way more variation between the seasons this past year than usual.

 

 

That's cool. I never thought about trending it. What I find interesting are the spikes in my chart not explained by the oil price, like around memorial day.... :thumbs:

 

 

I did that trend by eye in Paint, so it could be more accurate, but I think it's pretty close! :wtf: Those spikes are oil companies taking advantage of the times, IMO. Of course there are a lot of factors, but I think that's the main reason. I just wish they would level out and raise at a constant rate. Then again, it's all about scaring and tricking the consumers. :lol:

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