Gas prices expected to fall further

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Thursday, November 20, 2008 9:29:30 PM

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GasBuddy News Article

Gas prices expected to fall further Tuesday, October 07, 2008
CNN Money -- NEW YORK (CNNMoney.com) -- If there's one bright spot in a bad economy, it's that gasoline prices have fallen, and they're expected to drop even further. As the global economy falters, demand for oil has dropped. And since the price of oil makes up about half of the cost of a gallon of gas, analysts see more relief ahead at the pump. "We ought to see prices drop pretty quickly," said American Automobile Association spokesman Geoff Sundstrom. "We're well on our way to $3 gas within the next week or two."
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	Tuesday, October 07, 2008 CNN Money -- NEW YORK (CNNMoney.com) -- If there's one bright spot in a bad economy, it's that gasoline prices have fallen, and they're expected to drop even further. As the global economy falters, demand for oil has dropped. And since the price of oil makes up about half of the cost of a gallon of gas, analysts see more relief ahead at the pump. "We ought to see prices drop pretty quickly," said American Automobile Association spokesman Geoff Sundstrom. "We're well on our way to $3 gas within the next week or two." Visit CNN Money for full article

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dmatte85 Sophomore Author Louisiana Posts:184 Points:16,200 Joined:Jul 2008	Message Posted: 10/9/2008 6:20:42 PM	Ignore dmatte85 Report Abuse
	let them keep falling.
Kowkisser Sophomore Author Albany Posts:249 Points:47,920 Joined:May 2008	Message Posted: 10/9/2008 9:28:01 AM	Ignore Kowkisser Report Abuse
	I think the high prices lasted long enough, and the fact that environmentalism has gone mainstream will kep some of the waste down. People will start using more gas again, though. I know that I didn't visit family as often as I wanted because I couldn't afford to do the 100 miles each way. Now I may do an extra trip or two this year. However, I will not sit with the engine running. I use the AC in my car sparingly. At home, many people have programmable thermostats. This will keep their consumption down, even if they increase the temperature a little. It makes it easier to lower the temp when you are out and have it come back up for when you get home. People also insulated their houses better, so that saving will continue, even if oil drops to $10/barrel. (Which will never happen again)
dmatte85 Sophomore Author Louisiana Posts:184 Points:16,200 Joined:Jul 2008	Message Posted: 10/9/2008 12:17:05 AM	Ignore dmatte85 Report Abuse
	great!
Z51Corvette Champion Author Austin Posts:1,460 Points:261,075 Joined:Jan 2008	Message Posted: 10/8/2008 8:48:11 PM	Ignore Z51Corvette Report Abuse
	$3.00 Higher than I like but a whole lot better, than it was... In the $2.70 range here in Austin today...
PathfinderSC Champion Author South Carolina Posts:1,186 Points:213,930 Joined:Mar 2008	Message Posted: 10/8/2008 4:38:26 PM	Ignore PathfinderSC Report Abuse
	It need to fall a lot, Really $3.00 is not good .it is way to high.
kissmefla Veteran Author Orlando Posts:420 Points:111,205 Joined:Jul 2008	Message Posted: 10/8/2008 3:29:04 PM	Ignore kissmefla Report Abuse
	Reports of sub-$3 gas are being reported here finally.
ButtTrusted Rookie Author Nevada Posts:54 Points:129,955 Joined:Jun 2008	Message Posted: 10/8/2008 12:38:13 PM	Ignore ButtTrusted Report Abuse
	$2.75? You're lucky - It's $3.39 at the lowest stations here in Reno
duriarte All-Star Author Utah Posts:739 Points:155,015 Joined:May 2008	Message Posted: 10/8/2008 12:11:40 PM	Ignore duriarte Report Abuse
	Averaging $3.43 here in Utah
91Acclaim Veteran Author Maryland Posts:355 Points:73,885 Joined:Aug 2008	Message Posted: 10/8/2008 12:07:34 PM	Ignore 91Acclaim Report Abuse
	Let's shoot for @2.25!
MajorSteve All-Star Author Oklahoma City Posts:500 Points:237,595 Joined:Sep 2006	Message Posted: 10/8/2008 11:34:56 AM	Ignore MajorSteve Report Abuse
	down to 2.75 here this AM
sailormon All-Star Author Michigan Posts:644 Points:205,105 Joined:Jul 2007	Message Posted: 10/8/2008 10:57:54 AM	Ignore sailormon Report Abuse
	Good! Just in time because I have to put the motorcycle away for the winter and start driving the car!
GAS1251 Veteran Author Texas Posts:328 Points:130,745 Joined:Jun 2008	Message Posted: 10/8/2008 10:51:44 AM	Ignore GAS1251 Report Abuse
	I expect it
acknot All-Star Author Seattle Posts:872 Points:642,575 Joined:Sep 2003	Message Posted: 10/8/2008 10:51:14 AM	Ignore acknot Report Abuse
	$3.55 in Seattle.
suzyq2007 Sophomore Author Dallas Posts:179 Points:200,500 Joined:Oct 2007	Message Posted: 10/8/2008 10:49:49 AM	Ignore suzyq2007 Report Abuse
	I still have to believe this to see it. I do not believe there is any reason for prices to still be as high as they are in our area other than price gouging. When you see other places that are below $3.00 per gallon, why are we still about $3.35. I am sure there is not that much difference in what the different stations pay for the gas.
NavyEOD Champion Author Los Angeles Posts:1,961 Points:431,390 Joined:Jul 2007	Message Posted: 10/8/2008 10:47:13 AM	Ignore NavyEOD Report Abuse
	The pump price should be falling faster.
mooneagle All-Star Author Oklahoma City Posts:669 Points:140,215 Joined:Jun 2008	Message Posted: 10/8/2008 10:46:52 AM	Ignore mooneagle Report Abuse
	Your guess is as good as mine on gas prices
KingCroc Rookie Author Georgia Posts:36 Points:80,220 Joined:Dec 2004	Message Posted: 10/8/2008 10:46:45 AM	Ignore KingCroc Report Abuse
	Prices around the East side of Atlanta have dropped into the $3.60's, but it is still WAY TOO high for my taste. I am conserving and encouraging everyone to conserve as much as possible. I would love to see it hovering around the $1.50 mark again, like the old days. (lol)
tbybee Veteran Author Omaha Posts:297 Points:108,600 Joined:Apr 2008	Message Posted: 10/8/2008 10:45:48 AM	Ignore tbybee Report Abuse
	We are below $3 here.
Screwembak Champion Author Calgary Posts:8,762 Points:1,735,910 Joined:Dec 2003	Message Posted: 10/8/2008 10:45:34 AM	Ignore Screwembak Report Abuse
	$4.27 a gallon here. Welcome to Canada.
tahoe0708 All-Star Author Cincinnati Posts:895 Points:161,205 Joined:Jan 2008	Message Posted: 10/8/2008 10:45:15 AM	Ignore tahoe0708 Report Abuse
	the further the better...
BoerneWatch Champion Author San Antonio Posts:6,434 Points:830,135 Joined:Oct 2005	Message Posted: 10/8/2008 10:42:37 AM	Ignore BoerneWatch Report Abuse
	The average price is below $3 in Corpus Christi.
Don20 Champion Author Oklahoma City Posts:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 10/8/2008 10:42:31 AM	Ignore Don20 Report Abuse
	In this area today the price at pump is $2.59 to $2.79 in many places..
Caspertherat Sophomore Author Arkansas Posts:155 Points:37,530 Joined:Jul 2008	Message Posted: 10/8/2008 10:42:07 AM	Ignore Caspertherat Report Abuse
	below $3 here in Ark. Keep conserving and maybe that will help. I sure have cut back
herbie1NC All-Star Author North Carolina Posts:627 Points:131,710 Joined:Jun 2008	Message Posted: 10/8/2008 10:41:05 AM	Ignore herbie1NC Report Abuse
	Man its slow to drop here in NC
2009TDI Veteran Author San Diego Posts:476 Points:88,895 Joined:Aug 2008	Message Posted: 10/8/2008 10:39:44 AM	Ignore 2009TDI Report Abuse
	of course prices are falling because they think the economy will be so bad that nobody will need to drive anywhere.
FFootdoc12 Sophomore Author Illinois Posts:240 Points:40,355 Joined:Apr 2008	Message Posted: 10/8/2008 10:38:20 AM	Ignore FFootdoc12 Report Abuse
	its gonna be an interesting ride
Tanks_alot Veteran Author Rhode Island Posts:375 Points:51,935 Joined:Sep 2008	Message Posted: 10/8/2008 10:37:46 AM	Ignore Tanks_alot Report Abuse
	Almost under $3.00 here
r651981 All-Star Author Columbus Posts:502 Points:424,975 Joined:May 2006	Message Posted: 10/8/2008 10:37:28 AM	Ignore r651981 Report Abuse
	Lower gasoline prices may relieve the pain at the pump, but they are also a sign of a significant economic downturn. Cheap fuel is a very small issue if you are not working.
Gassipper30mpg Veteran Author Rhode Island Posts:399 Points:104,860 Joined:Jul 2008	Message Posted: 10/8/2008 10:36:02 AM	Ignore Gassipper30mpg Report Abuse
	Gas still comming down here. $3.31 per gal.
mattf373 All-Star Author Atlanta Posts:561 Points:106,745 Joined:Mar 2003	Message Posted: 10/8/2008 10:35:41 AM	Ignore mattf373 Report Abuse
	fall baby fall
laddyboy62 Champion Author Riverside Posts:1,581 Points:994,335 Joined:Mar 2005	Message Posted: 10/8/2008 10:34:52 AM	Ignore laddyboy62 Report Abuse
	and there aren't many right now...looking bleak
cableman31 All-Star Author New York Posts:768 Points:429,775 Joined:May 2004	Message Posted: 10/8/2008 10:34:37 AM	Ignore cableman31 Report Abuse
	Keep going down.
rtw777 All-Star Author Florida Posts:929 Points:216,480 Joined:Jan 2008	Message Posted: 10/8/2008 10:32:59 AM	Ignore rtw777 Report Abuse
	Oil is a great product. It is used in many things we use everyday. The US has many oil fields that can make and keep us independent.
eaglev All-Star Author Oklahoma City Posts:978 Points:332,145 Joined:Jul 2005	Message Posted: 10/8/2008 10:32:48 AM	Ignore eaglev Report Abuse
	Our gas prices fell again today. I paid $2.66 last night now today someone posted $2.59 here.
qaqcsup Champion Author Michigan Posts:3,173 Points:131,635 Joined:Jun 2008	Message Posted: 10/8/2008 10:32:41 AM	Ignore qaqcsup Report Abuse
	It is my hope that the whole nation can average within 20 cents, as low as we can get it.
NissanGirl Veteran Author Oregon Posts:302 Points:166,740 Joined:Jan 2008	Message Posted: 10/8/2008 10:30:54 AM	Ignore NissanGirl Report Abuse
	I hope this guy is right.
tags610 Champion Author Lincoln Posts:2,357 Points:520,050 Joined:Nov 2005	Message Posted: 10/8/2008 10:30:52 AM	Ignore tags610 Report Abuse
	Good
tigeriz Veteran Author Maine Posts:302 Points:73,145 Joined:Aug 2008	Message Posted: 10/8/2008 10:29:53 AM	Ignore tigeriz Report Abuse
	old article from yesterday.
Japsmith All-Star Author Tacoma Posts:906 Points:168,665 Joined:Sep 2007	Message Posted: 10/8/2008 10:25:34 AM	Ignore Japsmith Report Abuse
	Prices falling may be too late for many. Especially those who bailed out earlier before Big Gov stepped in to help in the housing industry.
w4kh Champion Author Riverside Posts:3,660 Points:640,945 Joined:May 2004	Message Posted: 10/8/2008 10:24:16 AM	Ignore w4kh Report Abuse
	Now, if the price of gasoline falls because demand falls way off, because we are conserving and using alternatives, I am overjoyed... if it falls and people resume their bad and wasteful driving habits, I'll be upset. Come on, Oil Addicts... kick the addiction to oil!
EZExit Veteran Author Phoenix Posts:315 Points:84,075 Joined:Aug 2008	Message Posted: 10/8/2008 10:23:54 AM	Ignore EZExit Report Abuse
	Still over priced, I didn't get desensitized by the $1.50/gallon increase only to feel good when it drops 50 cents.
flatcoatfun All-Star Author Orlando Posts:651 Points:195,700 Joined:Nov 2007	Message Posted: 10/8/2008 10:18:37 AM	Ignore flatcoatfun Report Abuse
	Keep conserving to keep it dropping!!!!
Arktander All-Star Author Illinois Posts:602 Points:355,500 Joined:Aug 2005	Message Posted: 10/8/2008 10:16:01 AM	Ignore Arktander Report Abuse
	I'm not counting any chickens yet.
thebutnut Champion Author New Jersey Posts:1,743 Points:365,030 Joined:Jan 2007	Message Posted: 10/8/2008 10:10:23 AM	Ignore thebutnut Report Abuse
	and it will continue to fall further if people keep losing their jobs.
coreymore1 Champion Author Texas Posts:8,212 Points:851,815 Joined:Sep 2005	Message Posted: 10/8/2008 10:08:26 AM	Ignore coreymore1 Report Abuse
	adhfb
rockinrog All-Star Author Ontario Posts:843 Points:681,680 Joined:May 2006	Message Posted: 10/8/2008 10:08:23 AM	Ignore rockinrog Report Abuse
	i'll take it!
coreymore1 Champion Author Texas Posts:8,212 Points:851,815 Joined:Sep 2005	Message Posted: 10/8/2008 10:08:23 AM	Ignore coreymore1 Report Abuse
	zdf
coreymore1 Champion Author Texas Posts:8,212 Points:851,815 Joined:Sep 2005	Message Posted: 10/8/2008 10:08:19 AM	Ignore coreymore1 Report Abuse
	uify
coreymore1 Champion Author Texas Posts:8,212 Points:851,815 Joined:Sep 2005	Message Posted: 10/8/2008 10:07:23 AM	Ignore coreymore1 Report Abuse
	nyh
coreymore1 Champion Author Texas Posts:8,212 Points:851,815 Joined:Sep 2005	Message Posted: 10/8/2008 10:06:30 AM	Ignore coreymore1 Report Abuse
	zartjh