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Old 11-14-2018, 02:42 PM
 
Location: Northern Maine
10,337 posts, read 17,489,561 times
Reputation: 11203

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I just paid $2.51 a gallon for gas in Lincoln. That's much better than $3.33 that I sa last month.
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Old 11-14-2018, 04:28 PM
 
Location: New Britain, CT
1,572 posts, read 1,377,827 times
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How is it in Portland? For comparison, the Citgo station on New Britain Road (CT Route 71) in Berlin, CT is at $2.599 for regular.
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Old 11-14-2018, 05:04 PM
 
131 posts, read 122,906 times
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guessing you guys are like idaho and the prices take awhile to lower relative to other states because of our isolation and low population etc
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Old 11-15-2018, 04:49 AM
 
Location: Philippines
217 posts, read 181,908 times
Reputation: 313
$2.41 in Waterville last night.
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Old 11-16-2018, 05:40 AM
 
Location: Central Maine
4,697 posts, read 6,158,439 times
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Quote:
Originally Posted by UpTheCreek View Post
$2.41 in Waterville last night.

Yup. I paid $2.41 at the Citgo station in Waterville yesterday. I had almost stopped at the Irving station in China on my way to Waterville - regular was $2.44 there - but figured I'd wait to stop there on my way home. Then I saw the price at Citgo. Hey, three cents is three cents, right?


Edit: I just wish home heating oil prices would also come down a bit.

Last edited by GreenGene; 11-16-2018 at 05:41 AM.. Reason: addition
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Old 11-20-2018, 10:09 AM
 
Location: Northern Maine
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Oil is at $54.71 a barrel which is down $2.28 so far today. The world knows we are going go have an economic slowdown. Red China's debt went up 25% last year in just one year. Much of it is short term and will come due in the spring. Italy's budget is disapproved by the European Union. The EU just hit England with a huge fine for leaving the EU. Many countries have weak financial systems. The worst example is Venezuela where the populace is hunting pigeons, cats and rats to get something to eat.

Tick, tick, tick.
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Old 11-20-2018, 11:36 AM
 
Location: Caribou, Me.
6,928 posts, read 5,443,231 times
Reputation: 5235
It amazes me that oil has dropped from $68 to the mid fifties (per barrel). That's a decent drop.

Yet prices at the pump have barely dropped (a few cents). I wish we had actual competition for oil in northern Maine. We have almost none. I wish a budget retailer (gasoline and home heating oil) would set up shop.
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Old 11-20-2018, 01:07 PM
 
Location: Gorham, Maine
1,962 posts, read 4,979,135 times
Reputation: 1455
Quote:
Originally Posted by maineguy8888 View Post
It amazes me that oil has dropped from $68 to the mid fifties (per barrel). That's a decent drop.

Yet prices at the pump have barely dropped (a few cents). I wish we had actual competition for oil in northern Maine. We have almost none. I wish a budget retailer (gasoline and home heating oil) would set up shop.
That's how it works, quick to raise, slower to reduce with the market. That's not unique to Northern Maine.
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Old 11-20-2018, 01:39 PM
 
71,560 posts, read 53,611,285 times
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Quote:
Originally Posted by maineguy8888 View Post
It amazes me that oil has dropped from $68 to the mid fifties (per barrel). That's a decent drop.

Yet prices at the pump have barely dropped (a few cents). I wish we had actual competition for oil in northern Maine. We have almost none. I wish a budget retailer (gasoline and home heating oil) would set up shop.
You made a similar complaint in another thread not long ago and several took the time to explain why this is the case. You seemed quite angry and apparently didn't want to read any of the responses explaining why it works that way because here you are again with the same complaint.

Crib notes version:
-Many states have losses prohibiting sale below cost so prices go down after they clear to the next inventory.
-Profit margin on gas is maybe 20 cents per gallon or less. State and Federal cut closer to $1 when added up beyond just the implicit per gallon tax.
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Old 11-20-2018, 03:10 PM
 
Location: Caribou, Me.
6,928 posts, read 5,443,231 times
Reputation: 5235
Quote:
Originally Posted by Mathguy View Post
You made a similar complaint in another thread not long ago and several took the time to explain why this is the case. You seemed quite angry and apparently didn't want to read any of the responses explaining why it works that way because here you are again with the same complaint.

Crib notes version:
-Many states have losses prohibiting sale below cost so prices go down after they clear to the next inventory.
-Profit margin on gas is maybe 20 cents per gallon or less. State and Federal cut closer to $1 when added up beyond just the implicit per gallon tax.
Welcome to the Maine forum! lol
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