April 28, 2011

Well, Here We ALL Are in Greater Cincinnati, in the Land of $4-Plus Gas (UPDATES: All-Time Record Broken, and It Keeps on Going, and Going …)

Filed under: Economy,Taxes & Government — Tom @ 3:48 pm

Unlike on Monday, one station changing its sign isn’t going to change this:

CincyGasChart042811

Never forget: This is what Obama (just “gradually“) and his administration have said they want. Actually, Steven Chu wants the price much higher.

Well, here it is. How’s that hope and change workin’ out?

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UPDATE: Well, in the time it took to grab a late lunch, the local average price crossed the all-time record threshold (once at link, click on the 5-Year version) —

CincyGasPrice5YrsChart042811

Also, I noticed while getting lunch that the Meijer store on US near Fields Ertel Road, a station that is usually pretty aggressive, was carrying regular for $4.16 a gallon. The Sam’s Club across the street was lined up three deep at each pump with people waiting for what may be the last chance in a long time to get it for $3.80.

UPDATE 2: Wow, you can almost watch it go up in realtime. Now it’s pushing $4.10.

UPDATE 3: Make that breaking $4.10 —

CincyGasAabove410

UPDATE 4: Try $4.12, or a nickel increase in 3-1/2 hours —

CincyGasPrices412

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3 Comments

  1. $4.15 on the westside and Hyde Park. The combination of a weak dollar and no drilling has really done its job.

    I guess the chickens have really come home to roost, haven’t they?

    I drive 44 miles round trip to work, average 27 mpg, and this is starting to bite heavily into my budget.

    Comment by The Machiavellian — April 28, 2011 @ 11:27 pm

  2. Tom, the readers might want to consider a lesson of history (from Germany, Chile or Zimbabwe), this visible price rise within a day as a daily occurrence like the movement of the second hand on a clock is exactly what hyper inflation looks like. Unless you are getting your discount gas from Costco or Sams Club it is now rather pointless to “shop” for the best price since literally, by the time you turn around to get back to the station with the lowest price it has changed.

    Here’s a cost saving tip based on a market investing principle, with rising prices use dollar cost averaging in the purchase of gas, when your tank gets to half, fill up. If you see gas is going up in price 2 to 3 times per week and you normally tank up once a week from empty or 1/4 you save half the increase. The only problem with this method is when everyone does it, it’s called a gas shortage and lines at the pumps as coincidentally we are now seeing at the gas discounters, so choose an off time to top off.

    Second tip is BEFORE you leave from work and home, check the gas prices on a website. I use this one but there are others: http://www.tampagasprices.com/price_by_county.aspx

    Comment by dscott — April 29, 2011 @ 8:10 am

  3. [...] price increases never sleep: Mid-afternoon yesterday, Cincinnati area gas prices were a bit under $4.07. Now look, as of 7:20 a.m. [...]

    Pingback by BizzyBlog — April 29, 2011 @ 8:49 am

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