March 25, 2005
Friday Gas Price Update...

Here in Arlington, today's gas prices at the QuikTrip are $0.05 higher than yesterday for all grades. This morning, the BoB (Bucket of Bolts) gathered 16.2 gallons of high test for $1.24 per gallon. The BoB, which is a 1988 MB 560SL roadster - lots of fun, completely impractical - gets a reasonable 20 miles per gallon or so around town (thankfully Arlington is flat).

I fill up my tank about once a month, which is one of the benefits of the five mile commute to school. The long time between fillups gives price a lot of time to fluctuate. My records indicate that on Feb. 22, the last time I filled the BoB, premium was running $1.94 per gallon here in Arlington.

Ouch. Thirty cents in a month? Yesterday's spike (added to others in the recent weeks) is ostensibly because of the non-terrorist related BP-Amoco refinery that suddenly went missing the other day in Texas City. I wonder if the rest of the country has felt the same spike. I know we can look at formal data, but why not do our own gas-price survey - especially through the summer months.

I volunteer to receive gas-price updates from around the country from DOL contributors and regular readers, collate them and keep them in a handy spreadsheet. Each week, I will post a time-series graph of the major cities - or of all the series if I can. I figure the regular contributors range from St. Louis, to Dallas, to the Atlanta "area" - okay, Rome, GA is not really Atlanta - North Carolina, and up to Ohio. That's a pretty good swath, although we need some help from the West.

To make the information somewhat more useful, send e-mails to depken at gmail.com every Thursday and Friday with the following information: City, State, Gas Price, Gas Grade (Regular, Premium, etc), Brand (Exxon, QuikTrip, etc).

Posted by Craig Depken at 12:52 PM in Economics  ·  TrackBack (0)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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