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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Tue Nov 11, 2008 2:40 am    Post subject: Not since March 2005 . . .  

. . . has gas been below $2.00/gallon in these parts. We're told it won't last though.

What's the price running in your neck of the woods?
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Magnolia


Joined: 26 Aug 2005
Posts: 1700
Posted: Thu Nov 13, 2008 4:49 am    Post subject:  

I spotted $1.99 gal for the first time today.

I have no stats, but for some reason I think the price drop doesn't really have that much to do with the law of supply and demand.
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trueairspeed


Joined: 13 Mar 2005
Posts: 464
Posted: Fri Nov 14, 2008 4:40 pm    Post subject:  

$2.15...
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Nofsdad


Joined: 06 Jul 2003
Posts: 8212
Location: Central CA
Posted: Fri Nov 14, 2008 5:52 pm    Post subject:  

I'm sure demand has diminished some but I also have a feeling that the lower prices are at least in part a result of an extended concession to the recent political campaign and now that it's over, we should start seeing some more increases. OPEC has already come out favoring production cuts. Isn't that usually the first step?
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Magnolia


Joined: 26 Aug 2005
Posts: 1700
Posted: Sat Nov 15, 2008 1:10 am    Post subject:  

I think it's a reaction to the condition of car makers.

And the possibility of alternate fuels - IF the US bails out the industry.

It's not only the economy hurting car makers. The price of fuel is making people think about other modes of transportation. Maybe permanently.
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trueairspeed


Joined: 13 Mar 2005
Posts: 464
Posted: Mon Nov 17, 2008 2:45 pm    Post subject:  

There have been a few reports of gas being below the $2 mark in some places around here but I haven't seen it, yet, in my local area.
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USA#1


Joined: 04 Jul 2003
Posts: 2078
Posted: Mon Nov 17, 2008 5:36 pm    Post subject:  

I've seen it between $1.84 - $2.01, depending on what part of town you're in. Smile
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Tao_of_Lowes


Joined: 20 Aug 2008
Posts: 54
Posted: Mon Nov 17, 2008 6:42 pm    Post subject:  

here's a link for a clickable map that will tell you how much gas is, clickable all the way down to city. It's interesting to see where you stand compared to another town or state, but I don't use it much, unless I'm traveling.

http://www.gasbuddy.com/gb_gastemperaturemap.aspx
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trueairspeed


Joined: 13 Mar 2005
Posts: 464
Posted: Wed Nov 19, 2008 12:33 am    Post subject:  

Tao_of_Lowes wrote:
here's a link for a clickable map that will tell you how much gas is, clickable all the way down to city. It's interesting to see where you stand compared to another town or state, but I don't use it much, unless I'm traveling.

http://www.gasbuddy.com/gb_gastemperaturemap.aspx


Good resource, great map!

Actaully saw a place here where it has hit $1.99!!!!!! Rock on!
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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Wed Nov 19, 2008 2:28 am    Post subject:  

Magnolia wrote:
The price of fuel is making people think about other modes of transportation. Maybe permanently.


You got that right. I made a change over the summer. I ride my bike more and take public transportation to work. Luckily, I live one 10 minute route away from all 3 jobs. At the peak of gas prices, I was probably spending $80 a month. Right now I'd say I'm saving $50 month.

My local gas station now shows $1.88/gallon. Whoohoo. Still gonna ride the bike, though.
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USA#1


Joined: 04 Jul 2003
Posts: 2078
Posted: Wed Nov 19, 2008 6:47 am    Post subject:  

Saw $1.74 tonight on the way home from work. Thumbs Up
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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Tue Nov 25, 2008 2:03 am    Post subject:  

$1.78 this week.

This thread is like having a dyslexic auctioneer calling out the price . . .

"Do I hear $1.69? One-sixty-nine-one-sixty-nine-one-FIFTY-nine?"

Now THAT would be something.
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Nofsdad


Joined: 06 Jul 2003
Posts: 8212
Location: Central CA
Posted: Tue Nov 25, 2008 2:22 am    Post subject:  

I was just about to say $1.69 at one of the little convenience stores here this afternoon. The big names are all still 20 to 30 cents higher than that though.
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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Tue Dec 09, 2008 1:50 am    Post subject:  

Two separate Chevron stations near me now post the following prices:

$1.61/gallon
$1.59/gallon

According to my local news station, this is the lowest gas has run since 2003.

One energy expert said the price for a barrell of crude could go as low as $25. Seems China is pulling back on its orders, as that country chose to subsidize the price of a gallon of gas for its citizens, then went way in the hole when oil was at the $149 mark last summer.
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Magnolia


Joined: 26 Aug 2005
Posts: 1700
Posted: Tue Dec 09, 2008 12:14 pm    Post subject:  

I filled up today.... $1.48 !
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trueairspeed


Joined: 13 Mar 2005
Posts: 464
Posted: Tue Dec 09, 2008 2:26 pm    Post subject:  

At most stations around here now it is running from $1.59 to $1.65...
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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Fri Dec 12, 2008 9:07 pm    Post subject:  

Magnolia wrote:
I filled up today.... $1.48 !


Same down here Mags.

Not sure if it's gonna last.

What's nipping at me is my electricity rate last year was 14 cents/kw-hour. Now it's almost 19 cents. I'm home less than ever before but somehow the meter reader clocks me as using more kws for this month this year than December of last year Mad . . .

. . . but that's another topic for another day.
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Nofsdad


Joined: 06 Jul 2003
Posts: 8212
Location: Central CA
Posted: Fri Dec 12, 2008 9:37 pm    Post subject:  

As is all those grocery and other prices that went up in direct proportion to the fuel prices and still haven't even started back down yet.
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happy_camper


Joined: 18 Mar 2005
Posts: 256
Location: 3rd coast
Posted: Fri Dec 12, 2008 9:40 pm    Post subject:  

Nofsdad wrote:
As is all those grocery and other prices that went up in direct proportion to the fuel prices and still haven't even started back down yet.


Ain't that the truth.

I'm still cutting back at the grocery store, too.
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