It's been a few months since oil and gas has been much of an issue. Both prices fell, and gas was below $1.50 a gallon in many places (not in our area - not even close). Then gas prices creeped back up to the $2.00 mark, fell back, and surged ahead.
In the Tucson area, gas is still available in the low $1.80s and you can find it for over $2.50 a gallon in some markets.
When gas was bordering on the $2.00 mark it would go up a couple of pennies and then fall the same amount. or more I witnessed a 10 cent increase one day and a 10 cent decrease the next. This kind of market response is tricky if you buy on the day it goes up, but it's relatively stable. You know that market forces will prevail and gas prices will remain basically the same over time - rising or dropping a little.
Now, with no big runup in oil procing - but with the Memorial Day weekend just over the ridge, gas prices are really taking off. Oil actually fell back over a dollar today from its midday high and closed under $59 a barrel.
How can gas increse over 20 cents in one day? Where was the market force that caused this? Guess I missed it, but I long for the day in a couple of weeks when that price drops by a quarter in the same day.
For more information on my coaching and educational programs and services, visit my website stevehoffacker.com or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. You can also listen to my free podcast messages at Steve Hoffacker's Happenings. © Steve Hoffacker, 2009. All Rights Reserved.
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