Posted on 09/26/2011 8:21:06 AM PDT by Evil Slayer
As gasoline prices keep falling at the pump, analysts are wondering how low they can go.
Crude prices could continue to drop, in part because of lingering economic woes seem likely to keep demand down.
The national average is down to $3.54 for a gallon of regular, and in the city with the cheapest gas, St. Louis, the going rate was $3.08 a gallon as of Friday, according to the Lundberg Survey released Sunday.
Some Central Jersey stations are also in that ballpark. Two stations in Old Bridge, Middlesex County, and one in Marlboro, Monmouth County, have pegged regular at $3.07, while one Trenton station has $3.08 and another has $3.09, according to www.NewJerseyGasPrices.com.
With a drop of another dime possible, according to Lundberg, that could mean gas selling for less than $3 a gallon once again in the region.
And that's without crude prices falling more, which could happen.
"The worsening perceptions of the European economies means there's a potential for the damage to petroleum demand to go viral worldwide," analyst Trilby Lundberg told Bloomberg News.
(Excerpt) Read more at philly.com ...
Well there are 50,000+ people living in St. Peters now. It has grown.
Still, prices are headed in the right direction, AFAIC.
Whoop-de-friggin-doo...
I can’t believe I’m overjoyed by sub $3 gasoline.
Washington is consistently 10 - 15% above the national average.
It was written in 1989-1990 or so. Quote that stuck with me was "What will Americans do when they're told to pay $2/gallon for gasoline?"
Of course, $2.00 then was worth quite a bit more than $2.00 now.
I’m in O’Fallon and paid 2.92 yesterday.
>>It was 3.17 in Brighton,MI last night.<<
Seriously?
We are paying 3.39 at Sam’s Club here in Macomb county and thinking it’s a bargain.
>>$10 a gallon in England.<<
Socialism sucks. Let’s not try it here.
Impossible. Peak Oil, finite resource, ever-expanding demand, etc.
I paid $3.31 in Monroe yesterday, then saw the Brighton price on the way home and was mad! lol
Yeah, it sure has grown. I moved from there around 1973. Lived outside city limits alone one of the rural state highways just south of St. Peters. Haven’t been out that way since then. They were talking about a super highway going to be built right where my house was located. House is probably gone if they did.
And the "EPA summer blends" will be going away too.
I think we will shortly be seeing a bunch of US refinery capacity being taken off line for "maintenance".
Yeah, that's the ticket.
still $3.70 in Western NY
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