Gas prices?

Discussion in 'Off-topic Zone' started by big dog cowboy, Oct 12, 2008.

  1. big dog cowboy

    big dog cowboy THE BIG DOG Staff Member

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    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.


    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)
  2. Nors

    Nors Benched

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    $3.09 here and dropping
  3. ChldsPlay

    ChldsPlay Well-Known Member

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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.
  4. ologan

    ologan Well-Known Member

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    Where is "here"?
  5. Yeagermeister

    Yeagermeister Active Member

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    The cheapest I have seen in Memphis was $2.83 at Wal Mart
  6. WoodysGirl

    WoodysGirl U.N.I.T.Y Staff Member

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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.
  7. tomson75

    tomson75 Brain Dead Shill

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    $2.94 in the VA valley.
  8. Signals

    Signals Suspicious looking stranger

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    Just over three bucks a gallon in Tampa.
  9. ChldsPlay

    ChldsPlay Well-Known Member

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    Kansas City area.

    Now at $2.50

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

    BrAinPaiNt Backwoods Sexy Staff Member

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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.
  11. VietCowboy

    VietCowboy Be Realistic. Demand the Impossible.

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    like 3.39 here in Nashville.... :( good thing I don't have a car :D
  12. MetalHead

    MetalHead Benched

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    2.59 here in taco town.
  13. Route 66

    Route 66 Well-Known Member

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    I'm wondering how all those Dodge/Chrysler customers who got that 2.99 gas guarantee feel now.
  14. ChldsPlay

    ChldsPlay Well-Known Member

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    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.
  15. EveryoneElse

    EveryoneElse Active Member

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    Still $90+ to fill up my tank every morning.
  16. DaBoys4Life

    DaBoys4Life Benched

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    2.87 in Jersey was the cheapest I saw
  17. Route 66

    Route 66 Well-Known Member

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    Finally, some good news about gas prices...

    With fuel prices continuing to rise, consumers asked for help. Chrysler answered the call by creating “Let’s Refuel America,” the innovative gas guarantee program for buyers of Chrysler vehicles.

    Program participants, simply use a special card linked to their MasterCard® or Visa® credit card account. The card may be used to purchase enough fuel at $2.99 per gallon to travel up to 12,000 miles per year for 3 years. So no matter what the price at the pump says, you'll never have to pay more than $2.99 per gallon for qualifying fuel.[1]

    These are challenging times. We’re doing what we can to help.

    To enroll in this program please visit here or login.

    1 87 Octane or diesel fuel only.

    MasterCard is a registered trademark of MasterCard International Incorporated. Visa is a registered trademark of Visa International Service Association.

    * Allow 6 weeks for activation.

    Voyager Fleet Systems is a product line offered by U.S. Bank Corporate Payment Systems, a division of U.S. Bank National Association ND.

    Pricelock and the Pricelock Logo are Trademarks of Pricelock, Inc.

    To view other current incentives click here

    No deductible. See dealer for a copy of limited warranty details. Non-Transferable. Not available on SRT and certain fleet vehicles. On purchases after 07/26/07.
  18. WoodysGirl

    WoodysGirl U.N.I.T.Y Staff Member

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    2.87 this morning. I put just under 18 gallons in and that came to around 49.97. So I'm excited. Normally when I've put that much in, it would cost me almost $70.
  19. CATCH17

    CATCH17 1st Round Pick

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    Isn't it funny how the economy crashes and suddenly gas goes down?
  20. Signals

    Signals Suspicious looking stranger

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    Yeah, I always get a chuckle out of that.

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