Skip to comments.Regarding Gas Prices.Could Prices Continue To Fall With A Possible Crude Glut?,2009 All Over Again?
Posted on 05/18/2012 8:21:16 PM PDT by Reality_News
Does anyone here have any insight of what is going on with the weekly drops in gas prices? Can we expect gas to finally drop below $3.00 a gallon before summer? Over the last few weeks,gas prices have been dropping a penny or two daily.Fox News mentioned that the demand in China has finally slowed down.What are the gas prices in your town? Lowest in Naples,Florida is $3.49.
Memphis, Tn. Cosco 3.14
“Continue to fall”?
Our gas went up 30 cents a week ago, and is still climbing.
Most likely as I see it is the SHTF in Iran very shortly and gas going to $5+/gallon.
the highest i saw regular hit in naples was around $4.05/06.It has been going down daily at least for the last 3 weeks. we can only pray to see the “2’s” again by mid-june.
Sorry to hear it, but my gas price is down roughly 30-40 cents over the past month or so.
WHAT drop? Regular in SoCal is ~$4.45/gallon.
Paid $3.77/87 octane in MA this afternoon
Still high 3.90’s/low 4.’s in CT
Same for NY State
and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!
$4.35 gallon here in Orange County, California
Gas here in western Washington is around $4.25. Gas has been going UP.
I Have a feeling those greedy bastards in cally will be the last in line to drop their prices at the same pace crude goes down. another good reason to move out of MoonBeam Land.
Honestly that sort of thing does worry me. No offense to anyone, but I hope gas is $6/gallon election day. That's one thing the sheeple notice.
Is the “one” sneaking out releases from the US Petroleum Reserve in order to help with his re-election? The news has said nothing about it, but then they often over look such Rat “tricks.”
Someone forgot to tell the stations in California...!!
Nipped down to $3.999 and then $3.979 at my station here in Chicagoland. My opinion is that low demand is a big factor in this. In other words, as much as lower gas prices are good for you and me, they are a bad economic sign.
In the Catch22 world we live in, if it starts to look as though Romney might win the election we could see gas prices fall significantly on the expectation of traders that he will increase domestic oil availability thus lowering the price - which of course could help Obama do better in the election since he will still be in office and will undoubtedly take credit for any improvement in the situation.....
What weekly price drops?! Has not come down at all where I am at. Just paid $4.35 a gallon for mid grade. Regular is still at $4.25. Add 10 cents to those prices if you pay by credit card at the pump.
i see that in the “Deep Blue States”, they wont lower the price for obvious reasons,,,so typical of a “Rat Run State” but way over here in the “Deep Red States”,,,its been a bit lower. If u live in a state that is in dire straights,,you probably wont see much action in lower gas prices. You may as well Move Out !!!
California is always messed up when compared to the rest of the nation.
On a more serious, or perhaps just a more specific note, you guys are your own market in CA, and perhaps there are other factors at play, like refinery capacity.
I was thinking it was the summer formula switch or the summer driving season commencing. It was sure a huge hike, though. I was paying under $4 a couple weeks ago, now it’s up to $4.30 or higher.
Ouch. I’m ATL-area, and don’t think I’ve paid more than $4.10 or $4.15, and that’s for 93 octane premium, which you guys generally can’t get, having to make do with your 91 “craptane”.
It’s nicely under $4 now.
Kennewick, WA. Costco $ 4.02. 5/18/12
“and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!”
By July 4th, gas will be 2.50 a gallon. Obama needs people traveling again. He needs us to have the feeling things are better. Food prices down, shipping costs down which means some jobs created.
Then the media will declare how the energy companies caved because Obama held them off.
Hmmm hmmmm hmmmm
I wish they would fall, they have gone up 25 cents a gallon in the last 4 days here!
Now $4.28 for self serve regular!
The fact is speculation and banking is a large part of this. Market conditions have not caused prices to quadruple in a decade and prices at $3-$4 are simply unsustainable. I know this isn’t considered the “conservative” stance and the lack of domestic drilling has been a part of it, but not to this level. Commodities and related derivitives have been used to hedge against mortgages and debt.
$4.19 in Colville,Wa.
I'm going to disagree, there, Aside from octane rating.
I'm in North Dakota, and in winter, what works in Texas just might not work here. Non-ethanol blends can have a little added as a drying agent to keep ice out of fuel lines, but put everyone at E10 or E15, and fuel systems are going to suffer.
No.1 Diesel up here in the winter, not No.2, or you'll be gelled up on the side of the road.
Let the FedGov set one standard, and everyone will either pay more or the fuel won't work.
Regional standards make some sense.
What's your state fuel tax? That may be spanking you as well.
Gas on the entire west coast is going up due to “refinery issues”. $4.20 for the cheap stuff in Western Washington.
No need for the Republicans to attack President Obama at all. Just replay all of the ridiculous promises he made during his first run for the presidency and then compare them to the present reality. Then when he starts whining that he couldn’t have forseen the economic crisis, time date stamp the promises he made after the crisis started. It would have been the perfect time to pare back his promises, but instead he steeped them up. Let his own words be his own worst enemy.
I’d be happy to pay more for gas if it helps this nation end its experiment with communism......And I hope against hope that conservatives quit referring to unemployment as 8.1 percent, without emphasizing that it’s dropped only because millions have given up looking for work.
Good news for Texas today - unemployment now at 6.9%, they say because of increased construction so that means the Mexicans are working again. Gas in Houston suburbs $3.40 to $3.45, $.10 to $.30 higher in the city though. A month ago I paid $3.29 for regular in Guthrie, Oklahoma. Wished at the time that I had a spare 100 gal tank with me.
The domestic supply of crude is at a 10-year high and OPEC members are routinely exceeding their quotas. The market is well supplied with crude, but there is another important factor: Expectation of a future supply disruption (such as might be caused by Mid-East war) is supporting the price of crude.
That said, consumers don’t buy crude. They buy products, such as diesel and gasoline. To be well supplied with products, we must have sufficient refining capacity in use. We’ve lost a substantial amount of East Coast refining capacity in the last 4 or 5 months.
All that said, there’s good reason to think that crude may decline another 20% and gasoline prices will follow (more or less). If Israel bombs Iran, all bets are off.
That’s what the hokey pokey is all about!
Some data for Arizona and US averages here...
Right... going up day by day here in Cali. Driving back from tradeshow in Vegas and gassed up in Baker... $4.79!
We’re paying $4.45 for premium in central CT....It’s been ages since I *filled* my tank. [3.93-4.09 Reg] ;(
Will welcome *lower prices* ...but they have been going up.
$3.26 gallon here yesterday.
$3.41 in Lincoln, NE.
(Thanks to our Gay/Lesbian/Liberal City Council that adds taxes to our gas!)
On another note, I discovered PureGas.org and it shows stations that sell gas sans ethanol. On my first tank (had almost half tank of ethanol-laced still in when I filled up) and appear to be getting about 2 extra MPG with the current 5% mixture. Can't wait to get under 1/4 tanks and fill up again. Costs about 20 cents more per gallon, but it looks like it will pay for itsel in increased mileagae and has to be better for my engine.
Most folks don't realize that ethanol mixes with water (think dry gas), which means that, instead of water in gas station tanks settling into the water collection resevoir, it is absorbed into the ethanol in the gas. This means that you are paying for gasoline, ethanol, and water when you fill up.
I heard some bozo saying that putting ethanol in the gas was saving us $1.00/gal - kind of hard to believe when pure gas is only 20 cents more. Now they want to up the ethanol to 15% - expect to start seeing a bunch of damaged engines.
The plan is to keep both gas prices and our taxes low until after Obama is elected and then afterward let them both skyrocket as the debt is. By then it will be too late.
Dems are blocking oil production in this country while asking Saudis to increase their production to get Obama through the election. Don't expect help from Romney as he is a one trick pony.
” Dems are blocking oil production in this country while asking Saudis to increase their production to get Obama through the election.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.