Posted on 12/20/2014 3:34:10 PM PST by 2ndDivisionVet
Edited on 12/20/2014 4:59:48 PM PST by Admin Moderator. [history]
Remember when we told you earlier this month that a gas station in Oklahoma City had lowered its price for regular unleaded to $1.99 a gallon?
Well, now that trend is nationwide: GasBuddy.com, which monitors prices across the country, says the $1.99 sign is up over pumps in 24 states. The national average is at $2.43 a gallon, but at one filling station in Springfield, Mo., it was only $1.93.
Two stations under $2.00 in Hastings, MI.
Don’t get use to it.
I’m sure by this summer or by Labor Day we’ll be right back at $3.50+ a gallon once the Saudi’s believe they have crushed Russia, Iran, and the US virtually out of the oil market.
I had just topped off last night and paid $1.99
When it gets back under a dollar I shall be happy :) (and yes, even I remember them days :))
Blah blah blah, until the inevitable price bounce occurs.
Nope, just a realist.
We all know that is the plan by the Saudis.
$2.02 at Sam’s Club and $2.13 at my Shell station.
Bring it on back where it was, way back when....
$2.04 here in SC.
$2,70 in Northern Ohio.
The cheaper gas will provide some price relief as lower transportation costs work their way through the economy. Unfortunately, low gas prices will not last. An excuse will be found to raise gas prices astronomically in the near future.
Look for a terror attack to raise it up again.
Gas price drop a result of Republicans taking control of all of Congress - NOT!
The very worst thing possible would be for the legislatures ANYWHERE enacting a gas tax increase, to “keep the prices up”. As if high fuel prices were of benefit to any economy.
The Russian Federation would be well advised to crank up their own energy-intensive industries, and consume much of their domestic petroleum production within their own country, exporting the finished products from an expanded industrial base rather than the petroleum.
The Saudis have no go-to industrial base outside their petroleum extraction and some refining capability. They have no other heavy industries that can be used for export purposes. Eventually, this is going to bite them in the gluteus maximus.
The US will continue to find ways to extract the petroleum and natural gas through fracking and other innovative technologies, both cheaper and with more wide-spread application. A booming economy can stand the higher costs, it is when the entire economy is shriveling that the rising gasoline prices become inordinately onerous.
Automobiles and heavy transportation should be powered by compressed natural gas or propane instead of gasoline or Diesel oil, anyway. We should be shifting to this source just as swiftly as the market can bear it, even if it means retrofitting existing vehicles. The capability to expand the supply infrastructure is the other leg of this shift. New vehicles designed specifically for the use of gaseous fractions of petroleum would go far in making ever more efficient use of the resources we now have.
$1.95 at Walmart in SE TN
Got it for $1.93 today in Harris Count, Texas.
$1.94 near Nashville.
$2.25 self-serve here today, $2.00 150 miles south.
My sisters and Mom say its $2 or less all over Tulsa and gets reliably cheaper towards Cushing.
Just to the east of the DFW metro area, I have seen unleaded as low as $1.89/gallon.
Paid $1.82 at the fort near here the other day.
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.