Avgas Coming Down?

Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas. What
say you?

Jon Kraus
'79 Mooney 201
4443H @ UMP

Jon Kraus wrote:
Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas. What
say you?

While I'm sure everybody's Avgas fuel quotes are going down (ours are)
you still have the fuel in the tank that you paid big $$$ for that has
to go. There are not that many airports (if any) that go through 10K
gallons of 100LL as quick as a typical gas station.

We usually go through a tanker load per month. Some of the higher
priced places may end up sitting on that high $$$ stuff for months
because piston guys are avoiding them like the plague.

ktbr wrote:
Jon Kraus wrote:
Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas. What
say you?

While I'm sure everybody's Avgas fuel quotes are going down (ours are)
you still have the fuel in the tank that you paid big $$$ for that has
to go. There are not that many airports (if any) that go through 10K
gallons of 100LL as quick as a typical gas station.


I heard on the radio this AM industry analysts are predicting gas
prices to be "closer to $2 than $3 by Thanksgiving". That might be good
news for LL consumers, but I'm too cynical to think the boutique fuel
market will respond as quickly, if at all, to a drop in mogas prices. I
am curious about what's behind this predicted drop though - reduced
demand after the summer is one thing, but this seems more like a market
adjustment IMO.

Kingfish
Turbine analyst *NOT* a fuel analyst

My November contract quote for gasoline is $2.616 if I wanted to book it
now. This is the lowest month from now until May 2007... IF I wanted to
book it now. I haven't contracted any fuel and I've been able to buy it
about 10 cents cheaper than the forward contract price... so far.
Jim

"Kingfish" wrote in message
ups.com...

ktbr wrote:
Jon Kraus wrote:
Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and
still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas.
What
say you?

While I'm sure everybody's Avgas fuel quotes are going down (ours are)
you still have the fuel in the tank that you paid big $$$ for that has
to go. There are not that many airports (if any) that go through 10K
gallons of 100LL as quick as a typical gas station.


I heard on the radio this AM industry analysts are predicting gas
prices to be "closer to $2 than $3 by Thanksgiving". That might be good
news for LL consumers, but I'm too cynical to think the boutique fuel
market will respond as quickly, if at all, to a drop in mogas prices. I
am curious about what's behind this predicted drop though - reduced
demand after the summer is one thing, but this seems more like a market
adjustment IMO.

Kingfish
Turbine analyst *NOT* a fuel analyst

Kingfish wrote:
ktbr wrote:

Jon Kraus wrote:

Here in Indianapolis I have seen Mogas go down from $3.20 a gallon to
$2.50 and it appears that it will keep on dropping.

On the other hand at my home base I just filled up for a trip and still
are paying $4.50 a gallon. Has anyone noticed if Avgas is coming down
too? Maybe it has to do with not making 100ll as often as Mogas. What
say you?

While I'm sure everybody's Avgas fuel quotes are going down (ours are)
you still have the fuel in the tank that you paid big $$$ for that has
to go. There are not that many airports (if any) that go through 10K
gallons of 100LL as quick as a typical gas station.



I heard on the radio this AM industry analysts are predicting gas
prices to be "closer to $2 than $3 by Thanksgiving". That might be good
news for LL consumers, but I'm too cynical to think the boutique fuel
market will respond as quickly, if at all, to a drop in mogas prices. I
am curious about what's behind this predicted drop though - reduced
demand after the summer is one thing, but this seems more like a market
adjustment IMO.

Kingfish
Turbine analyst *NOT* a fuel analyst

That is what this newscast said this morning - the market "overpriced"
itself. Nor sure what that meant. But, if we were gouged then the oil
companies need to refund our money. I know - fat chance.

--

Regards, Ross
C-172F 180HP
KSWI

Ross Richardson wrote:
Kingfish wrote:
That is what this newscast said this morning - the market "overpriced"
itself. Nor sure what that meant. But, if we were gouged then the oil
companies need to refund our money. I know - fat chance.

A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert

Robert M. Gary wrote:
Ross Richardson wrote:

Kingfish wrote:
That is what this newscast said this morning - the market "overpriced"
itself. Nor sure what that meant. But, if we were gouged then the oil
companies need to refund our money. I know - fat chance.


A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert


A very well written response Robert. Its refreshing to know at least
some people actually understand free market economics.

Robert M. Gary wrote:
Ross Richardson wrote:

Kingfish wrote:
That is what this newscast said this morning - the market "overpriced"
itself. Nor sure what that meant. But, if we were gouged then the oil
companies need to refund our money. I know - fat chance.


A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert

Exxon-Mobile has been good to us.

--

Regards, Ross
C-172F 180HP
KSWI

Oil companies have nothing to do with the price of oil. Oil is a
commodity and is traded as such.



Robert M. Gary wrote:

Ross Richardson wrote:

Kingfish wrote:
That is what this newscast said this morning - the market "overpriced"
itself. Nor sure what that meant. But, if we were gouged then the oil
companies need to refund our money. I know - fat chance.


A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert

O.K. Robert

I guess your free market theories don't take in to account there illegal
activities huh !




"This story ran on nwitimes.com on Wednesday, August 30, 2006 12:12 AM CDT

WASHINGTON | Federal investigators are reportedly looking into whether BP
PLC manipulated crude-oil and gasoline markets, the latest in a string of
inquiries into the British oil company."


US investigates gasoline and oil trading by BP
Regulators look for signs company tried to rig market
By Bloomberg News | August 30, 2006

BP P LC, Europe's second-largest oil company, is being investigated by U S
authorities for possible manipulation of the crude-oil and unleaded-gasoline
markets, a spokesman said.

The crude -oil inquiry is the subject of an investigation by the U S
Commodity Futures Trading Commission, which regulates futures markets.




" A responsible oil company should charge you as much as you are willing
to pay. Oil is provided by for-profit companies. Oil prices are held
down by competition. "gouging" implies that either the companies
illegally got together and fixed prices or you don't understand free
market enterprise. If you think the oil companies are making too much
money, switch sides, buy some oil stock and share the profits.

-Robert