US gasoline under $3.50 for first time in 6 months

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Monday, December 01, 2008 3:46:44 PM

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GasBuddy News Article

US gasoline under $3.50 for first time in 6 months Tuesday, October 07, 2008
Guardian News -- WASHINGTON, Oct 6 (Reuters) - U.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday. The national price for regular unleaded gasoline is $3.48 a gallon, up 71 cents from a year ago but the cheapest since April 14, the federal Energy Information Administration said in its weekly survey of service stations. Pump prices are falling due to a combination of cheaper crude oil and declining gasoline demand. U.S. crude oil futures settled on Monday at the lowest level in eight months at the New York Mercantile Exchange, dropping $6.07 to $87.81 a barrel.
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JT Moderator	Message Posted: 10/7/2008 10:52:10 AM	Ignore JT Report Abuse
	Tuesday, October 07, 2008 Guardian News -- WASHINGTON, Oct 6 (Reuters) - U.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday. The national price for regular unleaded gasoline is $3.48 a gallon, up 71 cents from a year ago but the cheapest since April 14, the federal Energy Information Administration said in its weekly survey of service stations. Pump prices are falling due to a combination of cheaper crude oil and declining gasoline demand. U.S. crude oil futures settled on Monday at the lowest level in eight months at the New York Mercantile Exchange, dropping $6.07 to $87.81 a barrel. Visit Guardian News for full article

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magnumCA Champion Author Los Angeles Posts:1,398 Points:270,125 Joined:Jan 2008	Message Posted: 10/15/2008 6:30:40 PM	Ignore magnumCA Report Abuse
	great
JediKnight Champion Author Milwaukee Posts:2,359 Points:1,131,725 Joined:May 2004	Message Posted: 10/14/2008 11:57:56 AM	Ignore JediKnight Report Abuse
	Parts of WI are now $2.759-$3.389. I'd guess the average I've seen as of today is about $3.059-$3.099 today. Should continue to drop...
dmatte85 Sophomore Author Louisiana Posts:184 Points:16,200 Joined:Jul 2008	Message Posted: 10/9/2008 6:23:51 PM	Ignore dmatte85 Report Abuse
	great
kcgrl1 Sophomore Author Virginia Posts:113 Points:31,900 Joined:Feb 2007	Message Posted: 10/9/2008 1:08:08 PM	Ignore kcgrl1 Report Abuse
	Lowest here in N VA was @ $3.34 today. [Edited by: kcgrl1 at 10/9/2008 1:08:49 PM EST]
magnumCA Champion Author Los Angeles Posts:1,398 Points:270,125 Joined:Jan 2008	Message Posted: 10/9/2008 1:33:57 AM	Ignore magnumCA Report Abuse
	even better
STEVE853 Champion Author Florida Posts:1,279 Points:324,140 Joined:Nov 2007	Message Posted: 10/8/2008 6:22:48 PM	Ignore STEVE853 Report Abuse
	Do I hear $2.00 a gallon?
sdarling Sophomore Author Ohio Posts:152 Points:53,440 Joined:Aug 2008	Message Posted: 10/8/2008 3:51:13 PM	Ignore sdarling Report Abuse
	Fasten your seat belts.
duriarte All-Star Author Utah Posts:755 Points:163,565 Joined:May 2008	Message Posted: 10/8/2008 12:20:35 PM	Ignore duriarte Report Abuse
	Right now crude oil is at $87.21 a bbl down -$2.85
91Acclaim Veteran Author Maryland Posts:410 Points:84,810 Joined:Aug 2008	Message Posted: 10/8/2008 12:10:16 PM	Ignore 91Acclaim Report Abuse
	Let's shoot for @2.25!
MajorSteve All-Star Author Oklahoma City Posts:548 Points:248,070 Joined:Sep 2006	Message Posted: 10/8/2008 11:34:26 AM	Ignore MajorSteve Report Abuse
	down to 2.75 here this AM
mrgots2000 Veteran Author New York Posts:475 Points:56,675 Joined:May 2007	Message Posted: 10/8/2008 10:53:19 AM	Ignore mrgots2000 Report Abuse
	Breaking News, www.money.cnn.com Oil prices tumble after report shows surprisingly sharp rise in crude supplies, while gasoline inventories rose more than expected
acknot All-Star Author Seattle Posts:926 Points:653,480 Joined:Sep 2003	Message Posted: 10/8/2008 10:52:48 AM	Ignore acknot Report Abuse
	Contradicts with previous story.
tahoe0708 All-Star Author Cincinnati Posts:931 Points:166,730 Joined:Jan 2008	Message Posted: 10/8/2008 10:50:26 AM	Ignore tahoe0708 Report Abuse
	i see gas at 3.24 today...
BoerneWatch Champion Author San Antonio Posts:6,496 Points:840,945 Joined:Oct 2005	Message Posted: 10/8/2008 10:50:21 AM	Ignore BoerneWatch Report Abuse
	The drill baby drill thing is working!!!
mrgots2000 Veteran Author New York Posts:475 Points:56,675 Joined:May 2007	Message Posted: 10/8/2008 10:49:20 AM	Ignore mrgots2000 Report Abuse
	Gasoline inventories are due out later today, expected to show an increase in supply, either as a result of reduced consumption or increased production, should help keep pressure to push prices lower, I have my fingers crossed
mooneagle All-Star Author Oklahoma City Posts:727 Points:151,140 Joined:Jun 2008	Message Posted: 10/8/2008 10:49:05 AM	Ignore mooneagle Report Abuse
	With oil at $87 a barrel, gas should be closer to $2 a gallon
tbybee Veteran Author Omaha Posts:322 Points:113,575 Joined:Apr 2008	Message Posted: 10/8/2008 10:48:38 AM	Ignore tbybee Report Abuse
	I still say drill baby drill.
NavyEOD Champion Author Los Angeles Posts:2,016 Points:442,315 Joined:Jul 2007	Message Posted: 10/8/2008 10:48:21 AM	Ignore NavyEOD Report Abuse
	Old News.
suzyq2007 Sophomore Author Dallas Posts:188 Points:206,630 Joined:Oct 2007	Message Posted: 10/8/2008 10:47:39 AM	Ignore suzyq2007 Report Abuse
	our gas prices have fallen a little in the past few days, but we still have a way to go. Most of the stations are about 3.35-some a little lower and some a little higher.
Don20 Champion Author Oklahoma City Posts:1,581 Points:1,024,595 Joined:Mar 2005	Message Posted: 10/8/2008 10:47:19 AM	Ignore Don20 Report Abuse
	Today the pump price is $2.59 to $2.79 in many stations.. Keep it going down..
2009TDI All-Star Author San Diego Posts:531 Points:99,070 Joined:Aug 2008	Message Posted: 10/8/2008 10:46:57 AM	Ignore 2009TDI Report Abuse
	3.36 here
Caspertherat Sophomore Author Arkansas Posts:155 Points:37,530 Joined:Jul 2008	Message Posted: 10/8/2008 10:44:10 AM	Ignore Caspertherat Report Abuse
	It is as low as $2.75 in Mississippi
herbie1NC All-Star Author North Carolina Posts:683 Points:142,635 Joined:Jun 2008	Message Posted: 10/8/2008 10:43:08 AM	Ignore herbie1NC Report Abuse
	Keep dropping
mattf373 All-Star Author Atlanta Posts:606 Points:115,720 Joined:Mar 2003	Message Posted: 10/8/2008 10:40:58 AM	Ignore mattf373 Report Abuse
	wow wish it was dropping faster here / filled up for 3.68 today.
cableman31 All-Star Author New York Posts:823 Points:440,600 Joined:May 2004	Message Posted: 10/8/2008 10:40:20 AM	Ignore cableman31 Report Abuse
	$3.45 around Coney Island.
FFootdoc12 Veteran Author Illinois Posts:255 Points:41,230 Joined:Apr 2008	Message Posted: 10/8/2008 10:39:31 AM	Ignore FFootdoc12 Report Abuse
	its gonna be an interesting ride
Gassipper30mpg Veteran Author Rhode Island Posts:434 Points:114,135 Joined:Jul 2008	Message Posted: 10/8/2008 10:38:55 AM	Ignore Gassipper30mpg Report Abuse
	Gas still comming down here in Rhode Island. $3.31 per gal.
southjerseyal Champion Author New Jersey Posts:4,915 Points:763,930 Joined:Mar 2005	Message Posted: 10/8/2008 10:37:12 AM	Ignore southjerseyal Report Abuse
	$2.93 Valero; Cash now in Voorhees, NJ and they pump it. Not permitted to pump your own gas anywhere in NJ. [Edited by: southjerseyal at 10/8/2008 10:38:18 AM EST]
qaqcsup Champion Author Michigan Posts:3,321 Points:142,560 Joined:Jun 2008	Message Posted: 10/8/2008 10:36:18 AM	Ignore qaqcsup Report Abuse
	Wait until Christmas time.
eaglev Champion Author Oklahoma City Posts:1,033 Points:343,070 Joined:Jul 2005	Message Posted: 10/8/2008 10:34:43 AM	Ignore eaglev Report Abuse
	We have $2.51 posted on our web site today.
NissanGirl Veteran Author Oregon Posts:304 Points:170,830 Joined:Jan 2008	Message Posted: 10/8/2008 10:34:23 AM	Ignore NissanGirl Report Abuse
	Keep it up, America! We're not in the clear yet!
deerchaser Sophomore Author Lincoln Posts:190 Points:555,050 Joined:Sep 2005	Message Posted: 10/8/2008 10:34:21 AM	Ignore deerchaser Report Abuse
	E10 is at $2.99.
laddyboy62 Champion Author Riverside Posts:1,631 Points:1,004,285 Joined:Mar 2005	Message Posted: 10/8/2008 10:32:53 AM	Ignore laddyboy62 Report Abuse
	don't forget its about 70 cents more then last yr same time...stay on them
tags610 Champion Author Lincoln Posts:2,408 Points:530,275 Joined:Nov 2005	Message Posted: 10/8/2008 10:31:38 AM	Ignore tags610 Report Abuse
	We're at $3 here.
w4kh Champion Author Riverside Posts:3,715 Points:651,870 Joined:May 2004	Message Posted: 10/8/2008 10:31:34 AM	Ignore w4kh Report Abuse
	Gasoline prices are down... sad part is that people are back to driving fast, racing away from stops, braking hard after accelerating all the way to the light... Cheap gas fuels the addiction... tax gasoline and help us kick the habit(s)
sailormon All-Star Author Michigan Posts:669 Points:210,180 Joined:Jul 2007	Message Posted: 10/8/2008 10:31:31 AM	Ignore sailormon Report Abuse
	I too was wondering where the speculators are?!
EZExit Veteran Author Phoenix Posts:372 Points:94,025 Joined:Aug 2008	Message Posted: 10/8/2008 10:28:35 AM	Ignore EZExit Report Abuse
	Don't worry, speculators will jump back on board and artificially drive prices back up on leveraged dollars as soon as they see the slightest glimmer of sunlight in the market...
tigeriz Veteran Author Maine Posts:302 Points:73,145 Joined:Aug 2008	Message Posted: 10/8/2008 10:28:25 AM	Ignore tigeriz Report Abuse
	I could believe that last night I found a gas station at $2.99/gal. This after filling up on Friday at $3.49/gal the next town over. What makes it more ridiculous is that last night the closest competitor was selling it at $3.29/gal! I hope it keeps going down!
Renagadex Rookie Author South Dakota Posts:73 Points:55,385 Joined:Sep 2008	Message Posted: 10/8/2008 10:25:32 AM	Ignore Renagadex Report Abuse
	Most stations are under $3 in Sioux Falls. Now if it will continue to $2 things will be getting back to normal.
Arktander All-Star Author Illinois Posts:639 Points:366,065 Joined:Aug 2005	Message Posted: 10/8/2008 10:18:40 AM	Ignore Arktander Report Abuse
	At last a little bit of good news.
dirvesalot Champion Author Oklahoma City Posts:3,672 Points:676,540 Joined:Oct 2006	Message Posted: 10/8/2008 10:15:17 AM	Ignore dirvesalot Report Abuse
	It's under $3 in Oklahoma--actually cheapest price is $3.59
Japsmith All-Star Author Tacoma Posts:911 Points:169,790 Joined:Sep 2007	Message Posted: 10/8/2008 10:15:13 AM	Ignore Japsmith Report Abuse
	What goes down, must come up. At least in an industry where profit margins are more important to its business decisions than people.
rockinrog All-Star Author Ontario Posts:888 Points:690,655 Joined:May 2006	Message Posted: 10/8/2008 10:09:12 AM	Ignore rockinrog Report Abuse
	Keep going down!
unicornpmb Veteran Author Buffalo Posts:310 Points:34,635 Joined:Sep 2005	Message Posted: 10/8/2008 10:07:53 AM	Ignore unicornpmb Report Abuse
	Not complaining, but it still has a long ways to go.
ljmatney All-Star Author Wichita Posts:643 Points:119,755 Joined:Jul 2008	Message Posted: 10/8/2008 10:06:17 AM	Ignore ljmatney Report Abuse
	crude is simply another commodity. Commodities are not stable they are bought and sold just as stock is. Demand up - price up, demand down, price down.
bluebird1 Champion Author Toronto Posts:7,409 Points:1,509,550 Joined:May 2004	Message Posted: 10/8/2008 10:04:39 AM	Ignore bluebird1 Report Abuse
	Our gas just broke the $5/gal Cdn mark last weekend but today its going up from the $$4.80/gal Cdn it was at. With oil going up, can see it hitting $5 soon. That's 40% more than the 3.48 mentioned above.... & rising.
GasaHawg Veteran Author Texas Posts:477 Points:95,655 Joined:Nov 2005	Message Posted: 10/8/2008 10:03:25 AM	Ignore GasaHawg Report Abuse
	There is no stability in the price of crude. There never will be as long as there is speculation.
amacquarrie Veteran Author Nevada Posts:353 Points:81,235 Joined:Jun 2008	Message Posted: 10/8/2008 10:02:51 AM	Ignore amacquarrie Report Abuse
	It has dropped a lot here
andyrew Sophomore Author Baltimore Posts:247 Points:80,615 Joined:Aug 2008	Message Posted: 10/8/2008 10:02:33 AM	Ignore andyrew Report Abuse
	it seems everyday here prices are dropping. in the last week its dropped about 40 cents. finally it seems like the prices ARE following the price of oil. we just need to get the oil down to aroun $50 or so. still up from before katrina, but not so bad that its not acceptable
gasman50 Champion Author Portland Posts:1,358 Points:830,350 Joined:Nov 2005	Message Posted: 10/8/2008 10:02:31 AM	Ignore gasman50 Report Abuse
	Down baby, down