Here in Hilo we have some of the highest gas prices in the nation. Right now it costs $4.50 per gallon for us to fill up. It always bugs me when people from other places complain about high gas prices, but don’t realize how much worse prices are over here. For example, gas prices in Wyoming are only $3.05 per gallon right now. But I bet people there are complaining as we speak about high gas prices.
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But I guess that short of selling my car and buying a horse, there isn’t much that can be done. I mean it is a matter of supply and demand and of course taxes thrown into the mix. If you look at a chart of crude oil production, supply has not increased for the past few years. Now I suppose OPEC could be holding back, but at $100 per barrel they could be making a lot more money if they pumped more oil, so perhaps they are tapped out. So the only way to get lower prices is if demand falls or if taxes on gas are reduced. Did you know that 13% of the gas price is due to taxes?
But one way to find lower gas prices is to take a look at this website that lists the prices of gas at the various gas stations in Hilo. Right now the lowest price is at Tesoro which is $4.51 per gallon. But this changes every day. I guess one way to get lower prices is to always choose the gas station with the lowest prices to encourage the other stations to match the lower price, which they might be inclined to do if no one goes to their station. And since Hilo is a small town, you don’t have to drive very far out of your way for a lower price.
After all, what is the point of saving $0.05 per gallon if you burn a gallon of gas driving around to find the absolute lowest price?