93 octane tends to be a lower demand product and purchased by people generally with higher performance vehicles which require the higher octane. So the premium pricing at least in my area tends to be very inelastic as the price drops. Generally 9not always) a gas station will change their price when they take delivery and base their new price off of the cost. So the gas stations in your area may still be working through their pricier old inventory. That or they may be trying to get some extra margin.williaty wrote:Problem with that is that fuel prices aren't actually coming down around here.Stercutus wrote:I'd say if you are not stocking up on fuel right now you should think about it.
87 octane unleaded is down, yes. Diesel isn't. Kerosene isn't. 93 octane isn't, which is weird. 93 has stayed steady as 87 dropped, leading to 93 being a dollar above 87 when it used to be just 20c more for almost my entire life.
So nothing we need to buy has actually fallen meaningfully compared to a year ago in my area.
BTW in my area regular is $1.37 to $1.50/gal and premium between $1.85 and $2.15/gallon. it is dropping swiftly and steadily.
Stercutus wrote: I lol'dReacting to the new revelation, the SEC said in a statement that it has initiated significant reforms to trim the chance that such frauds could go undetected in the future.
The regulator said it aggressively pursues Ponzi schemes and similar misconduct and has stepped up surveillance and new safeguards for investor assets and established an enhanced whistleblower program.
My first thought to that quote was "Yeah. Right. Sure you are."
SEC wonks generally view their tenure at the SEC as a stepping stone to an industry position. With that in mind; a quick question, who do think will get a better industry job, a wonk known for being a hard ass auditor/analyst or an auditor/analyst who goes along and gets along with industry?