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Old 10-12-2008   #1
big dog cowboy
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Default Gas prices?

Saw this on Yahoo this afternoon. Around here gas is down to $2.61 and dropping every 2 or 3 days. At least this is a little good news on such a gloomy day.

U.S. gasoline price marks biggest drop ever: survey
By Ilaina JonasSun Oct 12, 4:10 PM ET

The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.

The national average price for self-serve, regular unleaded gas fell 35.03 cents to $3.3079 a gallon on October 10 from $3.6582 two weeks earlier, according to the nationwide Lundberg Survey.

It was the lowest national average price since March 21, 2008. Since peaking at $4.1124 on July 11, the average cost of a gallon of gas has receded by 80.45 cents. Diesel fuel fell 21 cents to $3.95 a gallon, the first time since March that it has been below $4.00 a gallon.

"Plummeting oil prices and caving gasoline demand have combined to bring the biggest retail gasoline price cut in the history of the market," Trilby Lundberg, who compiles the survey, said in an interview. "We've been doing this 58 years. This is truly the biggest price drop."

On Friday, fears of a global recession helped drive down U.S. crude oil futures prices more than 10 percent to the lowest settlement since September 2007. U.S. crude for November delivery settled on Friday at $77.70 a barrel, down $8.89, or 10.27 percent, on the New York Mercantile Exchange.

Meanwhile, travel on all U.S. roads fell 3.6 percent, or nearly 10 billion vehicle miles in July, compared with the same period last year, according to the most recent figures provided by the Transportation Department. It was the ninth straight month of declining driving activity.

HOW LOW CAN THEY GO?

Lundberg said the average gasoline price could fall below $3.00 a gallon as early as December.

"If crude oil prices don't spike, we can expect further price cutting for two reasons," Lundberg said. "Gasoline demand will continue to shrink in our weak economic condition, and retailers, who have been receiving deep buying price cuts, will be anxious to pass through any further price cuts they receive quickly. They need the sales."

According to the Lundberg survey, drivers in Honolulu paid an average of $3.91 a gallon for unleaded gas, the highest price in the nation. The Wichita, Kansas, region had the lowest average price, at $2.79 a gallon.

The Lundberg survey evaluates prices at about 5,000 gas stations.

(Reporting by Ilaina Jonas)

This is a team who is battling several major injuries to
key players including Pro Bowl talents like Lee, Austin, Jenkins, Murray,
Carter and Ratliff. Other key starters missing include Costa, Smith, Church and
Coleman. That is 11 key players - that's half the starting lineup. Yet we still went 8-8.
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Old 10-12-2008   #2
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$3.09 here and dropping
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Old 10-13-2008   #3
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$2.55 here.

Wichita surely can't be the lowest at $2.79. Prices haven't been that high here for almost 2 weeks.
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Old 10-13-2008   #4
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Quote:
Originally Posted by ChldsPlay View Post
$2.55 here.

Wichita surely can't be the lowest at $2.79. Prices haven't been that high here for almost 2 weeks.
Where is "here"?
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Old 10-13-2008   #5
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The cheapest I have seen in Memphis was $2.83 at Wal Mart
RIP Weldon "Pops" Parkhill....I will miss you my friend
R.I.P. Renee I miss you sis
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Old 10-13-2008   #6
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It was 3.09 last time I checked, which was Friday. Friend told me that she saw some for 2.99, so hopefully when I get gas tomorrow, I'll see it.
Thank you to all donated to the Jason Witten Camp drive!

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Old 10-13-2008   #7
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$2.94 in the VA valley.
.


"What is best in life? To crush your enemies, see them driven before you, and to hear the lamentation of their women."
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Old 10-13-2008   #8
Signals
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Just over three bucks a gallon in Tampa.
Solavei -powered by relationships
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Old 10-13-2008   #9
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Quote:
Originally Posted by ologan View Post
Where is "here"?
Kansas City area.

Now at $2.50

Filled up for less than $40 today, and I get premium.

http://kcgasprices.com/
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Old 10-13-2008   #10
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Dropped to $3.09 in my area.

Will get gas tomorrow because I heard the price of oil went up a few dollars today.


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Old 10-13-2008   #11
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Quote:
Originally Posted by Yeagermeister View Post
The cheapest I have seen in Memphis was $2.83 at Wal Mart
like 3.39 here in Nashville.... good thing I don't have a car
WANTED. NEEDED. DESTINED.



Go farther, Go further, Go harder. Is that not why we came? And if not, then why bother?
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Old 10-13-2008   #12
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10/12/08
2.59 here in taco town.
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Old 10-13-2008   #13
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I'm wondering how all those Dodge/Chrysler customers who got that 2.99 gas guarantee feel now.
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Old 10-13-2008   #14
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Quote:
Originally Posted by Rowdy View Post
I'm wondering how all those Dodge/Chrysler customers who got that 2.99 gas guarantee feel now.
What guarantee is that? That is a pretty weak incentive if it was one.

Speaking of Dodge, I think I may be ordering a Challenger tomorrow. Bye Bye Mustang.
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Old 10-13-2008   #15
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Still $90+ to fill up my tank every morning.
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