Is this just a local phenomenon, or has everyone's gas prices dropped tremendously.

I just noticed this morning, but I suspect it's been in effect for days. First time I've paid less than a dollar for a gallon of gas in years....

How's it going over there?

Lynne

LESS THAN $1?! Good God, I haven't seen that since Moby Dick was a minnow.

I think we're steady at $1.24 by me.

mj

I just bought gas the other day and it was somewhere around $1.2x. Haven't seen under a dollar in quite a while.

Anyone else remember the days when you could buy a gallon of gas for $0.25 -- and they'd throw in a free juice glass as well?

Yup. 98 cents for a gallon of regular unleaded. It had gotten as high as $1.48 for the same stuff.

Noticed when my gas gauge jumped when I cranked the car after fueling. Jumped instead of just looking at the next increment, which is what it normally does....

Lynne

Quote:Originally posted by theeye
Anyone else remember the days when you could buy a gallon of gas for $0.25 -- and they'd throw in a free juice glass as well?

The cheapest I remember was 32 cents. And we didn't get a juice glass!

But we DID receive a hand towel in with our detergent...



Lynne

Here in Atlanta, it's averaging about. 89!!!

But when I went to South Georgia for Thanksgiving, it bottomed out at .84!!!

Now... where were these prices back in my commuting days, anyway?

We were at 98 cents a few weeks ago. Now it is back up to $1.12

Prices in Oma-lot and surrounding communities range between .99 and $1.25

The cheapest gas I ever saw was in AK back in the 70's...was on a road trip with my parents and we took a picture of the gas sign at .32.

Anyone else have ding-dongs waiting in line for gas at $5 right after September 11? Or was that just an Omaha thing?

Lynn

We've been paying less than a $1 for a few months here.

Of course, I usually buy my gas at the Sam's Club station, where I paid $.89 last week (it's up to $.93 now.)

The highest our gas went last spring was about $1.62 or so.

This week I paid $0.95. Prices seem to range from $0.95 to $1.08 around here right now. That's quite a change from Ohio a couple of years ago when prices for regular unleaded were topping $2 for a while. That's one advantage to living in Texas: the gas prices are definitely lower.

Cindy

Um, I was thrilled. Gas is down to $1.12 here. That's the lowest I've seen it in about two years. Over the summer, it was around $1.87. The lowest I've seen it since I've been driving (7 years) was $.99, and that was two or so years ago when gas prices were rock bottom.

I've never seen a gas station juice glass. The best thing we have here are full service pumps that don't charge extra to pump your gas. My town is the only place I have ever seen this, except down south. In fact, until my junior year of college, I didn't even know how to pump gas. If I couldn't make it home without refilling the tank, I would just have which ever friend was in the car hop out and pump it for me I swore I couldn't do it on my own. I honestly believed I couldn't.

Yes, here in the St. Louis area, we had lines blocks long late into the night of Sept. 11 for gas that at some stations was up to $5 a gallon.

Right now we are at $.97

Mike

This is just way too weird...
Let me know when milk is back to a dime a quart.

Here in Alaska, the gas is $1.39. That's normal.
Recently, it hovered around $1.59.

Things get really ironic when you sit and stare at the Trans-Alaska Pipeline pumping all that fuel south to Valdez where they put it on ships and take it down to people who pay less than a dollar per gallon.

Not having to pay state income tax or sales tax must help you to buy a little bit of gasoline.

And, as I recall, my cousin's family got $9500 from that state oil bonus program last year ($1900 a person.)

I hope you and Mrs. Grouch and the little Grouches are listed as Alaska residents up there.

True, food and gasoline are more expensive, but there's quite a bit of economic advantages to being an Alaskan.

Gasoline in Oregon had been hovering between 1.59 and 1.79 for months until recently. I filled up at $1.16 yesterday. :clap::clap:

I should see about a 25% reduction in my Texaco bill this month.

Deb

Our gasoline guy says that crude oil costs are the lowest in a long long time.

This usually means (he says) that crude oil margins are squeezed as well. When that happens, the major oil companies try to make up the difference at the retail level.

Which should mean that the spread between wholesale cost and retail will increase. Normally, that would lead to higher prices at the pump, but you may not notice, because the prices are already so low that a few cents increase won't register on consumer radar.

An article in the most recent WIRED suggests that

[list=1]
[*]overall worldwide reserves are climbing faster than consumption
[*]North America will become the # 2 consumer of energy, behind the far east and Oceania
[*]New extraction techniques make it likely that reserves will continue to climb faster than consumption
[*]The ability of OPEC to control energy prices is severely weakened.
[/list=1]

p

Now wait a minute here...

When gasoline prices were climbing, remember the outcry about how there was some Big Oil conspiracy? It was evil G.W. and Dick Cheney, who were trying to line their own pockets and get their friends rich!

Who is in charge of the conspiracy to lower gas prices?

Jeff
who filled up for 99.9 cents yesterday in Denver

Quote:Originally posted by poseidon
Who is in charge of the conspiracy to lower gas prices?

Me. Yes, I have that kind of power.

I paid $1.04 yesterday, the lowest that I've seen for quite awhile. A few weeks ago, it dipped under a buck a gallon when some gas stations in the northern suburbs had a brief price war, but it's stayed above a buck here in the city.

I wouldn't be surprised if prices started to drift upward over the next few months; Russia has recently decided to lower their output in semi-collaboration with OPEC.

Anyone want to guess when the Bush administration will be forced to release information about who had what kind of input to the administration's energy policy? Might Enron have had a major seat at the table?