Posted on 11/01/2005 10:13:55 AM PST by george76
After topping $3 a gallon, average gas prices continued to plunge last week, falling to the lowest levels since Hurricane Katrina damaged Gulf Coast oil refineries.
"November is going to be somewhat of a weak month," Kloza says.
He predicts the price will bottom out between $2.10 and $2.35 a gallon nationwide, and is sticking to a prediction he made last week that gas could fall below $2 a gallon in some states.
The cheapest statewide average: Oklahoma's $2.14, according to travel club AAA.
Hawaii had the highest prices, averaging $3.01 a gallon.
(Excerpt) Read more at news.yahoo.com ...
The cheapest statewide average: Oklahoma's $2.14, according to travel club AAA.
The wife paid $1.98 in Lake Manawa, Ia. yesterday.
It is as low as $2.23 here in southern Ohio.
They know it's time to drop the price before the first natural gas heat bills arrive. Otherwise, people would riot.
I saw 2.49$ in Alexandria, VA (Northern VA) yesterday. Amazing.
It needs to come down another fifty cents at least to get people's dander down. Other wise, all it takes is another spook of some sort and back over three bucks it goes.
$2.22 Millington, TN.
Shawnee is where we are. That Murphy station at the WalMart is probably getting bombarded. It was nuts there on Friday when it was down to $1.99!
I bet there are some cheaper places in Shawnee, down away from the interstate. The stations down the road near our church are usually a few cents cheaper than the ones right off of I40.
$2.39 several days ago in Fuquay-Varina NC.
I'm seeing between $2.31 and $2.59 in parts of Central Texas.
Lowest price in Boise is $2.659/gal for 87 (regular).
Reno 2.679
Hawaiian Pols Do a Favor for Economics Professors
The belief in magic never dies. Politicians in Hawaii apparently believe that ink on paper (backed up by policemen with guns) can keep the cost of gasoline lower than the price that would prevail on the market.
They're wrong. Shortages and queues will result from Hawaii's price controls on gasoline -- shortages and queues that will cause motorists to suffer higher costs than otherwise for each gallon of gasoline they manage to buy.
The silver lining around this politically induced foolishness is that it makes the teaching of economics easier.
So, while I pity poor Hawaiian motorists, I'll have lots of good, modern pictures of queues at gasoline stations to share with my students -- making my task of teaching the consequences of price controls easier than it would be otherwise.
http://cafehayek.typepad.com/hayek/2005/08/hawiian_pols_do.html
That's funny, because Hawaii has fixed prices. To protect the consumer, of course.
Down to 1.97 in SW MO.
Geez. If gas is at 3.01 in Hawaii when it is at 2.14 (I alos heard 2.07) in Oklahoma, then what in goodness blazes was the price of gas in Hawaii when it was over 3 bucks in OKC?
The cost of production went way down, right????
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