Have your gas prices dropped lately?

Stealth3si · 09-30-2008, 07:44 PM

Considering the state of the economy, recently in the past month or so I've noticed a considerable decrease in gas prices where I live. Has anyone noticed this "apparent correlation" in their residing area?

doulos14 · 09-30-2008, 08:27 PM

Indeed gas in my area of California is at 3.57 in some places. This just because of demand sadly and once gas prices go down enough, people will get bigger cars again, and then the prices will go up.

Stealth3si · 09-30-2008, 08:52 PM

True.

There are some economic theories which state that "what goes down must go up."

RipVanWinkle · 09-30-2008, 09:27 PM

Its around 3.45 in East Texas today

**surferdude9375** · 09-30-2008, 09:28 PM

Actually, in Georgia they seem to be going up. After that Hurricane hit in Texas there has been some problem with getting gas to Georgia. If you manage to find gas in Atlanta you are either getting the scum of the tank and screwing over your car or your paying $4.29+ for it.

Stealth3si · 09-30-2008, 10:30 PM

Quote:

Originally Posted by RipVanWinkle

Its around 3.45 in East Texas today

Same here but in SoCal.

***Art*** · 10-01-2008, 12:42 AM

Our gas prices in my area have gone down pretty consistently since before the hurricane. Slowly, but consistently.

masterofpuppets · 10-01-2008, 03:33 AM

Same here^ Down to 360 a gallon I think

nate95366 · 10-01-2008, 09:03 AM

In the Omaha metro area, gas doped with 10% ethanol is at $3.15 per US gallon, and "regular" (i.e. doped with other oxygenates, not ethanol) is coming in at around $3.25 per gallon.

That's down from about $3.50 - ish 3 weeks ago.

Nate

TravisR · 10-01-2008, 11:50 AM

It was at 3.49 here yesterday which is a major improvement from when it was creeping up towards 5 dollars. I just hope this trend continues at least for a while. It's still too expensive.

guitarguy90 · 10-01-2008, 12:16 PM

3.28 here in central Missouri. I'm happy.

**bravesfan007** · 10-01-2008, 03:10 PM

We're stuck around $3.59 around my area. Better than where it was right before Hurricane Ike, but no where near where it should be given the price of crude oil on the market.

JerryLove · 10-01-2008, 04:08 PM

The supply/demand situation couldn't maintain the price, added to that: the loss of liquid capital has hurt speculators.

There are two major factors that could push it back up right now. One would be investors fleeing to the commodities market again (right now, they seem to be in gold), and the other would be the devaluation of the dollar as the result of deficit spending.

That, or anything that scares the lemmings.

Dave H · 10-01-2008, 08:25 PM

In chicago we're still ranging from 3.90ish to 4.25ish depending on where you are. I haven't seen much drop really.

Hopeful · 10-02-2008, 10:11 PM

I paid $3.48 yesterday in the suburbs of Seattle.