Gasoline price downturn accelerates

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Friday, November 21, 2008 2:48:30 AM

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GasBuddy News Article

Gasoline price downturn accelerates Friday, October 10, 2008
Central Valley Business Times -- Gasoline prices are continuing to drop – now for the 16th straight week, according to price surveys. This past week, pump prices fell a penny per day across most of California, with the drop thought to be related to world economic troubles and a resulting lower demand for gasoline pushing down crude oil prices. "At the start of September, local gas prices were $1 higher compared to 2007; now, prices are just 50 cents higher than this time last year," says Jeffrey Spring, a spokesman for the Automobile Club of Southern California. "This week, the Oklahoma state average price became the first to drop below $3 a gallon during this national downturn in gas prices."
Visit Central Valley Business Times for full article

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JT Moderator	Message Posted: 10/10/2008 9:52:35 AM	Ignore JT Report Abuse
	Friday, October 10, 2008 Central Valley Business Times -- Gasoline prices are continuing to drop – now for the 16th straight week, according to price surveys. This past week, pump prices fell a penny per day across most of California, with the drop thought to be related to world economic troubles and a resulting lower demand for gasoline pushing down crude oil prices. "At the start of September, local gas prices were $1 higher compared to 2007; now, prices are just 50 cents higher than this time last year," says Jeffrey Spring, a spokesman for the Automobile Club of Southern California. "This week, the Oklahoma state average price became the first to drop below $3 a gallon during this national downturn in gas prices." Visit Central Valley Business Times for full article

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dmatte85 Sophomore Author Louisiana Posts:184 Points:16,200 Joined:Jul 2008	Message Posted: 10/11/2008 8:45:33 PM	Ignore dmatte85 Report Abuse
	great, let it keep dropping.
thomas41546 Champion Author Tennessee Posts:1,707 Points:791,415 Joined:Oct 2005	Message Posted: 10/11/2008 6:04:50 PM	Ignore thomas41546 Report Abuse
	conservation has nothing to do with the proce dropping.
21597 All-Star Author Colorado Posts:642 Points:208,515 Joined:Sep 2005	Message Posted: 10/11/2008 12:48:20 PM	Ignore 21597 Report Abuse
	conserving gas is the way to go, a few cents a gallon doesn't help much. drill drill drill
domer2 All-Star Author Gary Posts:872 Points:379,000 Joined:May 2007	Message Posted: 10/11/2008 12:13:05 PM	Ignore domer2 Report Abuse
	about time.
Honda_Insight Sophomore Author Lexington Posts:190 Points:5,695 Joined:Sep 2008	Message Posted: 10/11/2008 12:10:13 PM	Ignore Honda_Insight Report Abuse
	This guy will never lose his will to conserve. Even if it's $1.00 / gallon, still costing me money.
bbreff Champion Author Atlanta Posts:2,070 Points:1,025,265 Joined:Jun 2005	Message Posted: 10/11/2008 11:44:56 AM	Ignore bbreff Report Abuse
	I can hardly wait until gas prices drop under $2.50 a gallon. They should be below $3.00 now.
RLH68 Champion Author Orlando Posts:1,995 Points:412,975 Joined:Jun 2007	Message Posted: 10/11/2008 10:53:27 AM	Ignore RLH68 Report Abuse
	I'll cheer when the gas prices drop to a reasonable US$1.99/gallon. Wonder how long it will take?
Don20 Champion Author Oklahoma City Posts:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 10/11/2008 9:42:10 AM	Ignore Don20 Report Abuse
	This morning the pump price here is $2.33 to $2.69, still needs to go down about another 50 cents.. (everyone would be happy).
F250CA Veteran Author Oakland Posts:398 Points:153,860 Joined:Mar 2008	Message Posted: 10/11/2008 9:41:54 AM	Ignore F250CA Report Abuse
	At some stations here diesel is going for $3.45 [Edited by: F250CA at 10/11/2008 10:42:12 AM EST]
NYRfan Sophomore Author Cincinnati Posts:157 Points:123,520 Joined:Jul 2006	Message Posted: 10/11/2008 9:34:18 AM	Ignore NYRfan Report Abuse
	below 1.50, wouldn't that be nice :)
JPGKC Champion Author Tampa Posts:3,164 Points:572,050 Joined:Sep 2006	Message Posted: 10/11/2008 9:31:20 AM	Ignore JPGKC Report Abuse
	Winter is coming up so they'll come up with some excuse to slow it down.
gasie1 Champion Author Maine Posts:2,036 Points:950,685 Joined:Nov 2005	Message Posted: 10/11/2008 9:28:18 AM	Ignore gasie1 Report Abuse
	The price of a gallon needs to be below $1.50.
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 10/11/2008 9:28:09 AM	Ignore DarthDadJr Report Abuse
	In northern VA, the price at the pump is dropping every day...except diesel. CamryCheapster is right...we still have to conserve, or the price will go back up again.
CamryCheapster Sophomore Author Massachusetts Posts:104 Points:798,950 Joined:Nov 2005	Message Posted: 10/11/2008 9:24:55 AM	Ignore CamryCheapster Report Abuse
	I just hope people don't lose the will to conserve with the lower prices. If we continue to use less the pressure on the prices will continue downward.
Zygnatz Champion Author British Columbia Posts:4,981 Points:978,105 Joined:Oct 2005	Message Posted: 10/11/2008 9:22:40 AM	Ignore Zygnatz Report Abuse
	Interesting here. Diesel down in some stations and up at others?
cableman31 All-Star Author New York Posts:768 Points:429,775 Joined:May 2004	Message Posted: 10/11/2008 9:20:06 AM	Ignore cableman31 Report Abuse
	Keep Going. You're headed in the right direction.
DooDaa Champion Author Massachusetts Posts:3,585 Points:782,015 Joined:Dec 2004	Message Posted: 10/11/2008 9:18:01 AM	Ignore DooDaa Report Abuse
	hard to keep with the prices as they change at least 3 to 4 times a day.. good!!
Shadowwarrior Rookie Author Pennsylvania Posts:57 Points:718,890 Joined:Oct 2005	Message Posted: 10/11/2008 9:17:40 AM	Ignore Shadowwarrior Report Abuse
	$3.07 yesterday...today $3.03 Keep on falling !
ladybugIL Sophomore Author Chicago Posts:236 Points:101,780 Joined:Jul 2008	Message Posted: 10/11/2008 9:17:31 AM	Ignore ladybugIL Report Abuse
	I wonder how far the prices will dip.
Lonewolftx Champion Author Houston Posts:5,714 Points:1,125,010 Joined:Sep 2005	Message Posted: 10/11/2008 9:11:26 AM	Ignore Lonewolftx Report Abuse
	nice trend developing here . . .
zeljko All-Star Author Greensboro Posts:786 Points:326,150 Joined:Sep 2005	Message Posted: 10/11/2008 9:10:01 AM	Ignore zeljko Report Abuse
	looking forward to lower gas prices
rgb42722 Veteran Author Kentucky Posts:313 Points:106,860 Joined:May 2004	Message Posted: 10/11/2008 9:09:07 AM	Ignore rgb42722 Report Abuse
	I would like to see it go down even further. But, with colder weather just around the corner, I feel we are going to see a rise in the price at the pump.
F250CA Veteran Author Oakland Posts:398 Points:153,860 Joined:Mar 2008	Message Posted: 10/11/2008 9:08:46 AM	Ignore F250CA Report Abuse
	Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car
rockinrog All-Star Author Ontario Posts:843 Points:681,680 Joined:May 2006	Message Posted: 10/11/2008 9:08:36 AM	Ignore rockinrog Report Abuse
	we have finally hit 99.3 /liter or $3.75 US Gallon
bdrviper All-Star Author Grand Rapids Posts:995 Points:712,410 Joined:May 2006	Message Posted: 10/11/2008 9:08:28 AM	Ignore bdrviper Report Abuse
	ok
Rajah Champion Author Illinois Posts:2,160 Points:913,140 Joined:Jul 2005	Message Posted: 10/11/2008 9:07:40 AM	Ignore Rajah Report Abuse
	Looking forward to gas below $3 pretty soon.
ironbox_sara Champion Author Albany Posts:1,623 Points:698,330 Joined:Mar 2006	Message Posted: 10/11/2008 9:04:19 AM	Ignore ironbox_sara Report Abuse
	Dropping fast in New York.
tizbowwow Champion Author Illinois Posts:1,015 Points:176,485 Joined:May 2008	Message Posted: 10/11/2008 9:03:29 AM	Ignore tizbowwow Report Abuse
	good news on gas prices but the economy is suffering big time.
murphy50 Champion Author Colorado Posts:1,195 Points:1,002,035 Joined:May 2004	Message Posted: 10/11/2008 8:55:05 AM	Ignore murphy50 Report Abuse
	Gas will go up after the election, no matter who wins. If McBush wins, the oil companies will know they have a free ride for another 4 years and if Barak Obama wins, oil companies will have to get in one more gouging before things change.
STEVE853 Champion Author Florida Posts:1,231 Points:315,065 Joined:Nov 2007	Message Posted: 10/11/2008 8:55:04 AM	Ignore STEVE853 Report Abuse
	Gas prices need to drop alot more.
Pseudorious Veteran Author Philadelphia Posts:474 Points:220,575 Joined:Sep 2005	Message Posted: 10/11/2008 8:52:45 AM	Ignore Pseudorious Report Abuse
	excellent
RCinNM Champion Author New Mexico Posts:4,487 Points:538,835 Joined:Sep 2005	Message Posted: 10/11/2008 8:52:16 AM	Ignore RCinNM Report Abuse
	I'd like to see it under $2/gallon. Remember those days?
gasman50 Champion Author Portland Posts:1,315 Points:820,515 Joined:Nov 2005	Message Posted: 10/11/2008 8:52:12 AM	Ignore gasman50 Report Abuse
	Down baby, down
Gassaver30 Sophomore Author Austin Posts:108 Points:21,150 Joined:Aug 2008	Message Posted: 10/11/2008 8:47:54 AM	Ignore Gassaver30 Report Abuse
	Needs to drop about another 2 dollars!!
cheapertvs Champion Author Richmond Posts:1,828 Points:1,121,395 Joined:Jan 2004	Message Posted: 10/11/2008 8:47:40 AM	Ignore cheapertvs Report Abuse
	Price will continue to fall as long as demand is not there to sustain the high price of gasoline.
takethe_point All-Star Author Omaha Posts:732 Points:27,780 Joined:Apr 2008	Message Posted: 10/11/2008 8:46:38 AM	Ignore takethe_point Report Abuse
	anything over a buck a gal is just pure greed.
gasman50 Champion Author Portland Posts:1,315 Points:820,515 Joined:Nov 2005	Message Posted: 10/11/2008 8:44:08 AM	Ignore gasman50 Report Abuse
	Down baby, down
dlowe79 Veteran Author Alabama Posts:281 Points:55,495 Joined:Sep 2008	Message Posted: 10/11/2008 8:43:42 AM	Ignore dlowe79 Report Abuse
	I never thought I would say I am happy to see 2.79. Huntsville, AL
TeachR06 Champion Author Raleigh Posts:1,023 Points:482,960 Joined:Sep 2006	Message Posted: 10/11/2008 8:42:19 AM	Ignore TeachR06 Report Abuse
	It's been nice to see and now that our supplies are more stable in the south, we are finally seeing it drop to the averages seen in other parts of the country.
RochBear Champion Author Minnesota Posts:1,753 Points:504,605 Joined:May 2006	Message Posted: 10/11/2008 8:42:06 AM	Ignore RochBear Report Abuse
	I can't believe we are "happy" about gas at $3.00/gallon. But it's relative. It sure beats $4.00 (and for us who drive a diesel, it got to $5.00 - It's now 3.80. It's still cheaper to drive per mile, than my gas pickup, and pulls more)
Dennis783 Champion Author Wisconsin Posts:5,603 Points:1,122,945 Joined:Sep 2005	Message Posted: 10/11/2008 8:41:15 AM	Ignore Dennis783 Report Abuse
	Down 70 cents to $3.099 but I still can't imaging it getting below $3
pinkelefant Champion Author Los Angeles Posts:9,443 Points:1,114,435 Joined:Aug 2003	Message Posted: 10/11/2008 8:40:49 AM	Ignore pinkelefant Report Abuse
	I agree with billy44bo!
billy44bo Champion Author Mobile Posts:1,415 Points:253,910 Joined:Feb 2008	Message Posted: 10/11/2008 8:38:48 AM	Ignore billy44bo Report Abuse
	still need to get down in the 1.xx price range
OilManMO Rookie Author Missouri Posts:54 Points:30,480 Joined:Sep 2008	Message Posted: 10/11/2008 8:38:16 AM	Ignore OilManMO Report Abuse
	Left town on Thursday morning with $2.74 and return Friday night with $2.51. WOW, maybe I need to take more trips... HOW LOW CAN IT GO!
LaCajunDJ Veteran Author Louisiana Posts:384 Points:89,180 Joined:Jul 2008	Message Posted: 10/11/2008 8:36:40 AM	Ignore LaCajunDJ Report Abuse
	It's about time!
kissmefla Veteran Author Orlando Posts:420 Points:111,205 Joined:Jul 2008	Message Posted: 10/11/2008 8:35:39 AM	Ignore kissmefla Report Abuse
	It's amazing that after the hurricanes of 2004 gas spiked to $3 and it was awful...now gas gets down to $3 and we celebrate...come a long way in 4 yrs
brutus Champion Author Alberta Posts:1,757 Points:937,580 Joined:Feb 2003	Message Posted: 10/11/2008 8:34:39 AM	Ignore brutus Report Abuse
	Gotta love it.
ArboretumCop Champion Author Richmond Posts:1,272 Points:1,014,035 Joined:Sep 2005	Message Posted: 10/11/2008 8:34:36 AM	Ignore ArboretumCop Report Abuse
	Traders! Eat your losses! Enjoy!
ladyjj Champion Author Tennessee Posts:1,455 Points:161,295 Joined:Apr 2008	Message Posted: 10/11/2008 8:33:49 AM	Ignore ladyjj Report Abuse
	Ok this one says lower demand ok is it lower demand or higher demand! Fuel still needs to drop on down! [Edited by: ladyjj at 10/11/2008 9:34:42 AM EST]
spunky4443 Champion Author Washington Posts:1,156 Points:456,855 Joined:May 2005	Message Posted: 10/11/2008 8:33:41 AM	Ignore spunky4443 Report Abuse
	Well I don't think there is anybody out there, who is complaining about cheaper fuel prices.