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Tampa Bay Gas Price Watch

2067 Views 4 Replies 3 Participants Last post by  I-275westcoastfl
This thread is devoted to gas prices, since they have been on the rise again. If anyone knows of cheep gas stations around the area, please post!

Gas prices rise for 50th straight day
Wednesday, June 17, 2009

NEW YORK (AP) -- Retail gas prices climbed for the 50th straight day Wednesday, the longest streak in records dating to 1996, even as benchmark crude fell for the fourth day in a row.

Historically, filling station prices tend to rise during the summer as millions of vacationing Americans pour onto the highways. A surge in crude prices during the past few months and less production from the refiners that make gasoline has added even more pressure on prices.

Pump prices added a half cent overnight to a new national average of $2.679 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of regular gas has jumped nearly 37 cents in a month. That's still cheaper than a gallon of gas three years ago at this point in June.

On Wednesday, crude oil tumbled below $70 a barrel after a key government report said U.S. gasoline supplies grew more than expected last week.

Benchmark crude for July delivery fell $1 to $69.47 on the New York Mercantile Exchange. In London, Brent prices fell 98 cents to $69.26 a barrel on the ICE Futures exchange.

The Energy Information Administration report said gasoline reserves grew last week by 3.4 million barrels, or 1.7 percent, to 205 million barrels. Analysts expected stockpiles of the motor fuel to rise by 650,000 barrels.

Demand for gasoline was up 1.1 percent from last year, averaging nearly 9.3 million barrels a day over the four weeks ended June 12.

Crude inventories fell last week by 3.9 million barrels, or 1.1 percent, to 357.7 million barrels, the report said.

Oil prices this week have come off eight-month highs near $73 a barrel amid some signs that the U.S. economy, while past the worst of a severe recession, is still weak. Crude prices have dropped with equities markets this week, and they continued to fall Wednesday though the dollar was week.

Because barrels are priced in U.S. currency, oil tends to rise when the dollar falls.

In other Nymex trading, gasoline for July delivery tumbled 6.37 cents to $2.0074 a gallon and heating oil dropped 1.3 cents to $1.812. Natural gas for July delivery added 2.1 cents to $4.150 per 1,000 cubic feet.


Associated Press writers Ernest Scheyder in New York, Pablo Gorondi in Budapest, Hungary and Alex Kennedy in Singapore contributed to this report.

Copyright 2009 Associated Press. All right reserved. This material may not be published, broadcast, rewritten, or redistributed

Though this is not good, I'm not expecting prices to jump to $4.00+ like they did last time. Maybe a peak around $3.00, but not any higher. With that said, typically the Joy/Supertest station at the corner of Dale Mabry & El Prado in South Tampa typically has cheeper gas than anywhere else in South Tampa. But Racetrack just across the bay on Gandy Blvd tends to be even cheeper.
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Here is a tip, it will save you more money if you find a station that uses little or no ethanol. For example I'm still testing this but supposedly Valero only uses 1 to 1.5% ethanol, if you are lucky enough to have a non-ethanol station somewhere then that might work. Trust me I've tested this, the cheaper gas stations like Citgo, 7-11, Sams Club/Walmart, Hess, and other discount gas stations have crappy gas which gives you anywhere from .5 to 3 miles less per gallon. I've found around Tampa Bay that decent Stations are the non Circle K Shell gas stations, various BP, various Marathon, various Rally stations, various Chevrons, and Valero(still testing).
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Speaking of Marathon, during the past year, I've noticed three BP stations in South Tampa that were converted to Marathon stations. That I found quite odd.
Has anyone else noticed that many of the Tampa Bay Shell stations seem to be disappearing? I wonder why.
I've noticed, perhaps people are so cheap they don't really go to Shell as they usually have higher prices? Who knows....
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