Tuesday, November 04, 2008

ok.. last nonelection post - gas prices

The other day the Trib had a story on how local gas prices have been slow to drop as oil prices declined of late. Could be true. The asymmetry of gas price movement with respect to oil prices is a research field unto itself.... but according to PittsburghGasPrices.com (an under appreciated Web 2.0 site IMHO) local gas prices have now pretty much dipped below $2.50/gallon in a lot of places. It really was not that long ago when prices were $4/gal and at least in people's perceptions rising with little hope of seeing $3/gal ever again. Now at $2.50 we may even have a tad bit more to go given the state of the oil prices and refinery capacity in the US at the moment.
What I want to know is why the most expensive gas in the entire region is most often this station in Bloomfield (at the end of the Bloomfield Bridge). Is that really the single most valuable property in the retail gas market here?

OK.. OK.. I surrender. Nothing else but politics for the duration. gotta go vote myself now. update, its now after 7am. Polls are open and looks like Toland isn't up on the PG's ER blog. Slacker.


Anonymous Anonymous said...

That's the gas station Hillary Clinton delivered a policy speech at during the Pennsylvania primary.

Tuesday, November 04, 2008 8:33:00 AM  
Anonymous Anonymous said...

I don't know if it is still that way, but it used to not have self-serve. You pay a premium to have someone else pump your gas.

Tuesday, November 04, 2008 9:06:00 AM  
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