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Coming Soon To A Filling Station Near You: $1.99 Gasoline
NPR ^ | 05 December 2014 | Scott Neuman

Posted on 12/05/2014 6:11:08 PM PST by Lorianne

The photo above isn't from the archives. It was taken this week in Oklahoma City, where the price of regular gas has fallen under $2 a gallon. The last time that happened anywhere in the U.S. was in July 2010.

The OnCue filling station is the first in the country to drop its price below the $2/gallon threshold.

While $1.99 is definitely an anomaly even in Oklahoma (Gasbuddy.com tells us the average for the state is $2.47), anyone who has filled up anytime in the past several weeks is aware of a pleasantly precipitous drop in pump prices. And fuel prices got much of the credit for putting more Thanksgiving travelers on the road (and in the air) than at any time since before the start of the Great Recession.

(Excerpt) Read more at npr.org ...


TOPICS: Business/Economy
KEYWORDS: energy
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1 posted on 12/05/2014 6:11:08 PM PST by Lorianne
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To: Lorianne

Not in California....


2 posted on 12/05/2014 6:13:28 PM PST by ptsal (Repubicans swallowing more kool-aide from Rove & Kristol)
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To: Lorianne

Encore! Bring it!

Still too high, but I’m sure President Zero thinks otherwise.


3 posted on 12/05/2014 6:14:41 PM PST by Fester Chugabrew (Even the compassion of the wicked is cruel.)
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To: ptsal; Lorianne

$2.32 here in Denton.


4 posted on 12/05/2014 6:14:45 PM PST by 2ndDivisionVet (The question isn't who is going to let me; it's who is going to stop me.)
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To: 2ndDivisionVet

Paid $2.26 today in North Mississippi


5 posted on 12/05/2014 6:18:27 PM PST by .45 Long Colt
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To: Lorianne
This rings in my mind:

So long sad times!
Go 'long bad times!
We are rid of you at last
Howdy, gay times!
Cloudy gray times
You are now a thing
Of the past, cause:

Chorus:

Happy days are here again
The skies above are clear again
Let us sing a song of cheer again
Happy days are here again
Altogether shout it now!
There's no one who can doubt it now
So let's tell the world about it now
Happy days are here again
Your cares and troubles are gone;
There'll be no more from now on
Happy days are here again
The skies above are clear again
Let us sing a song of cheer again
Happy days are here again.

6 posted on 12/05/2014 6:20:32 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

$2.55 outside of Cleveland, OH. Having paid as much as $3.75 over the past few years, I can live with this.


7 posted on 12/05/2014 6:21:53 PM PST by doc1019
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To: Lorianne

This is the beginning of a downturn in the economy. The gas and oil industry is the only major manufacturing portion of the economy, and those supporting it, sustaining the current economy. They’re down sizing now along with all those affiliated with it. Enjoy it while it lasts.


8 posted on 12/05/2014 6:25:34 PM PST by 3boysdad (The very elect.)
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To: Lorianne

Filled up at an Arco (especially cheap) on central coast California, and it was $2.75 for regular unleaded, last night, 9 pm, PST.


9 posted on 12/05/2014 6:28:02 PM PST by gaijin
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To: doc1019
Santa is bringing Christmas early:

Happiest time of the year
With Christmas almost here
There’s something magic in the air
You feel it everywhere

It’s the prettiest time of the year
It won’t stop snowing here
The neighbors’ homes twinkle in the night
What a gorgeous sight

But the thing that makes Christmas — Christmas to me
Is right in this room — it’s my family
May all of you have a Merry Christmas
It’s the happiest time of the year

The most magical time of the year
I hold this time so dear
To see a season through a child’s eyes
Their wonder and surprise

But the thing that makes Christmas — Christmas to me
Is right in this room — it’s my family
May all of you have a Merry Christmas

It’s the happiest time
The most wonderful time
It’s the happiest time of the year

10 posted on 12/05/2014 6:28:53 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

$1.87 when Obummer first took office.


11 posted on 12/05/2014 6:29:53 PM PST by Slyfox (To put on the mind of George Washington read ALL of Deuteronomy 28, then read his Farewell Address)
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To: Lorianne

Yes, please.


12 posted on 12/05/2014 6:30:47 PM PST by riri (Obama's Amerika--Not a fun place.)
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To: Slyfox

I thought I’d never see $1.87 gas return again in my lifetime.

Hallejujah for Deflation!


13 posted on 12/05/2014 6:37:50 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Slyfox
>>>$1.87 when Obummer first took office.

You know....I see this all the time on FB and here at FR....but to me...it's intellectually dishonest. Do we forget that under Bush it was $4?...and that for most of his second term it was above $2? The only reason it fell to $1.87 was because of an economic collapse.

The big story in all of this should be: Will there be a repeat following THIS fall in gas prices....?

14 posted on 12/05/2014 6:42:37 PM PST by NELSON111
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To: Slyfox

Yup.


15 posted on 12/05/2014 6:43:22 PM PST by mylife
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To: ptsal

Not in NY State either. I live in Central NY, and regular gas is about $3.17 a gallon.


16 posted on 12/05/2014 6:43:32 PM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: NELSON111; Slyfox
Looking at historic prices, put in today's $'s...gas was $3.67 in March of '81...and the LOWEST it's been (in today's $'s) was under CLINTON.

Are we sure we want to draw a conclusion on that data?

http://zfacts.com/gas-price-history-graph

17 posted on 12/05/2014 6:46:09 PM PST by NELSON111
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To: mass55th

Your gas tax is 68.3 cents per gallon. Your highways should be lined of silver, unfortunately I believe that is reserved for your politicians pockets.


18 posted on 12/05/2014 6:54:22 PM PST by eyedigress (e(!zOld storm chaser from the west)/?s)
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To: Lorianne

$2.35 at Walmart in NW Arkansas this morning.

It was $2.51 last week.


19 posted on 12/05/2014 7:33:36 PM PST by TomGuy
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To: Lorianne

we’re at 2.55-2.60 se wisconsin.

doubt we will go under $2. would love to be wrong.


20 posted on 12/05/2014 7:51:57 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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