Ive been wondering, ever since the oil leak, I havent seen gas prices in my area go up at all. They have actually gone down a little bit. About a month ago, the price was $2.80 a gallon, and now it's $2.50 a gallon. Is the leak not affecting the gas prices? Has anyone seen the price in their area go up?

Gas prices haven't been affected at all in British Columbia, Canada. I was actually wondering the other day if they would be changing at all due to the spill.

Does anyone know if they will be?

Shhhh, stay quiet!

You don't want them hearing you questions their tactics...

Gas has dropped in my neck of the woods. Seems OPEC is the Scapegoat (well maybe the lesser evil) while wall street actually sets the prices on our gas. The logical thing would be to ban speculators on wall street but that isn't going to happen.

I actually think the price has been going down every week, or atleast has been for awhile. The only thing I can really think of for the reason the leak is not affecting the prices is because, the oil is not refined yet, its still crude, so not much effort and money is put into it yet. Im not sure if thats the reason, but thats really the only thing I can think of at the moment.

this oil spill should have nothing to do
with the price of gas at the pump.
The Horizon Oil Rig was NOT producing
any oil at the time of the explosion.
They were capping the well to trade out
a drilling rig for a pumping rig. So it did
not affect any of the supply at all.

You guys are lucky,
In Australia its been over $5 a gallon for the past year...
( Thats A$1.20/litre)

No idea why considering Australia produces more than we use..

Someones making money....

Originally posted by virgom129
You guys are lucky,
In Australia its been over $5 a gallon for the past year...
( Thats A$1.20/litre)

No idea why considering Australia produces more than we use..

Someones making money....

Two things I noticed when I visited Aus from Canada.

1) gas prices seemed really high.
2) beer prices seemed really high haha.

It's about the same as it has been for last year or so where I am in NZ.
$1.80 per litre for 95 Octane here, you got cheap gas in Aus lol

I've been watching it here and it seems to have jumped the last week.

Now granted, granted, I live in a small town in Northern California along I-80, and we are the last real town before you hit Truckee(Tahoe/Reno area), so our gas is always on the very high end, it hasn't dropped below $3 a gallon in months, but it's $3.40-$3.60 for regular, jumped about 20 cents the past week.

Does anyone have any idea how much of the oil in that reserve was intended for American consumers, or how something like this is determined?

Something is amiss...I have noticed the lack of price jacking as well.

The simplest reason is the most obvious one.

The economy is SO fragile, a hike would collapse the markets.

I believe it is somewhat correlated to the spill.

If the spill occurred and you had an immediate fall-out of higher gas prices, even more attention would be put on the spill. If gas prices are not higher, you actually see the sign and go 'hey, gas is cheaper, cool'.

If it were the other way around you would be cursing the oil spill and BP and anyone else you could throw some blame on. That and it being the summer travel season.

ANY distraction from the spill right now is a welcome one.