5 ms·

I didn't check all of the states that are under $1, but here in NY all of the locations listed that are under $1 are Indian Reservations. Reservations here sell

I didn't check all of the states that are under $1, but here in NY all of the locations listed that are under $1 are Indian Reservations. Reservations here sell gas, and cigarettes (and a bunch of other stuff) without the state/federal taxes, so it's way WAY cheaper. I assume this is the same in all states? In my area it's still around $2/gallon. I'm not close enough to a reservation to bother making the drive, but many people (especially smokers) make regular drives to get gas and smokes.

dsfyu404ed 7y ago
I've seen a few threads about local gas prices in some of the less degreed, bluer collar and more rural filter bubbles I'm a part of. Everyone reporting super low prices is either a stone's throw from the refining infrastructure or buying on a reservation. Most people seem to be paying $2+/- $0.50 as of a few days ago. Edit: changed my wording because apparently some of you would rather have me tiptoe around the differences between HN and the general population.
- deadmetheny 7y ago
  As a data point, here in the semi-rural Midwest I'm paying $1.60/gal. I'd guess if I took a road trip to the res it'd be close to $1, though probably not less.
  - BenjiWiebe 7y ago
    Another data point, no reservation or anything, it's $1.30 near me in central Kansas.
    - numo16 7y ago
      Saw it for $1.14 in south east Michigan
  - chasd00 7y ago
    I saw $1.17 in North Texas yesterday
- cpursley 7y ago
  > less elite social media filter bubbles I'm a part of It's kind of sad you're getting downvoted for saying this. Everyone could employ a little empathy in times like now. In addition to the virus fear and threat, there's people out there in a very serious and scary financial pickle right now.
jabart 7y ago
GasBuddy lists a gas station in Indianapolis at 1.04. Louisville at $1.39.
- rubidium 7y ago
  With a grocery rewards program (Kroger) I filled up 12 gallons for $1.20 the other day :o
kgermino 7y ago
I paid $0.97 at a Costco in Wisconsin the other day. That said, I’m not sure why it was so cheap there. The going rate at other stations was about $1.39 and they’re usually closer together than that.
- lotsofpulp 7y ago
  The other gas stations are profiting off of the spread until people realize they can get it much cheaper at Costco or other gas stations. Costco reacts quicker because they probably don't care about making money on gasoline, and they have a goal to always be offering it at or near cost.
  - theseatoms 7y ago
    Sort of like what's about to happen to housing prices, maybe.
  - AdamJacobMuller 7y ago
    Costco doesn't care about making money on the things they sell, in general. Costco makes more money from membership fees [1] and this is basically their stated business model. They try to sell everything at a small markup (just covering overhead) and the membership fees are basically profit. [1] https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx https://www.fool.com/investing/2019/02/13/how-costco-actuall... https://thehustle.co/costco-membership-economics https://thehustle.co/costco-membership-economics is a good read too.
- goda90 7y ago
  Costco and Woodmans in the Madison area are under $1 as of a few days ago(Costco because memberships, and Woodmans because no credit card fees). Smaller towns had 93c at the regular gas stations the week before.
- repiret 7y ago
  A lot of gas stations set their price based on a fixed markup from their costs, and only update their prices when they get a new delivery. High volatility and low sales volume can lead to outdated prices that way.
joezydeco 7y ago
Chicago area, I haven't seen anything below $1.79. I'm making an assumption that the station owners are trying to make up some lost profit from the lockdowns.
- gok 7y ago
  In Chicago each gallon has $0.68 of tax, and that's before the 10.25% sales tax.

dsfyu404ed 7y ago

I've seen a few threads about local gas prices in some of the less degreed, bluer collar and more rural filter bubbles I'm a part of. Everyone reporting super low prices is either a stone's throw from the refining infrastructure or buying on a reservation. Most people seem to be paying $2+/- $0.50 as of a few days ago. Edit: changed my wording because apparently some of you would rather have me tiptoe around the differences between HN and the general population.

deadmetheny 7y ago
As a data point, here in the semi-rural Midwest I'm paying $1.60/gal. I'd guess if I took a road trip to the res it'd be close to $1, though probably not less.
- BenjiWiebe 7y ago
  Another data point, no reservation or anything, it's $1.30 near me in central Kansas.
  - numo16 7y ago
    Saw it for $1.14 in south east Michigan
- chasd00 7y ago
  I saw $1.17 in North Texas yesterday
cpursley 7y ago
> less elite social media filter bubbles I'm a part of It's kind of sad you're getting downvoted for saying this. Everyone could employ a little empathy in times like now. In addition to the virus fear and threat, there's people out there in a very serious and scary financial pickle right now.

jabart 7y ago

GasBuddy lists a gas station in Indianapolis at 1.04. Louisville at $1.39.

rubidium 7y ago
With a grocery rewards program (Kroger) I filled up 12 gallons for $1.20 the other day :o

kgermino 7y ago

I paid $0.97 at a Costco in Wisconsin the other day. That said, I’m not sure why it was so cheap there. The going rate at other stations was about $1.39 and they’re usually closer together than that.

lotsofpulp 7y ago
The other gas stations are profiting off of the spread until people realize they can get it much cheaper at Costco or other gas stations. Costco reacts quicker because they probably don't care about making money on gasoline, and they have a goal to always be offering it at or near cost.
- theseatoms 7y ago
  Sort of like what's about to happen to housing prices, maybe.
- AdamJacobMuller 7y ago
  Costco doesn't care about making money on the things they sell, in general. Costco makes more money from membership fees [1] and this is basically their stated business model. They try to sell everything at a small markup (just covering overhead) and the membership fees are basically profit. [1] https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx https://www.fool.com/investing/2019/02/13/how-costco-actuall... https://thehustle.co/costco-membership-economics https://thehustle.co/costco-membership-economics is a good read too.
goda90 7y ago
Costco and Woodmans in the Madison area are under $1 as of a few days ago(Costco because memberships, and Woodmans because no credit card fees). Smaller towns had 93c at the regular gas stations the week before.
repiret 7y ago
A lot of gas stations set their price based on a fixed markup from their costs, and only update their prices when they get a new delivery. High volatility and low sales volume can lead to outdated prices that way.

joezydeco 7y ago

Chicago area, I haven't seen anything below $1.79. I'm making an assumption that the station owners are trying to make up some lost profit from the lockdowns.

gok 7y ago
In Chicago each gallon has $0.68 of tax, and that's before the 10.25% sales tax.