GAS PRICES THREAD: National Average = $2.59!... gas hits lowest point in a month, no summer prices

[don korleon]

gas is 1.23 over here in houston!!

 

[smoke ya later]

1.53 here

 

[reigndrop]

Anybody that has money and a lot of storage place, pick up a crude contract for January and buy a January futures contract for 2010 at a 29% premium anddeliver them. 29% return for holding your money for a year is unheard of.

 

[misterp0315]

I'm definitely getting a new car soon now.

 

[jeenewed]

1.99 in Albany.

 

[superbness]

Gas is $1.50 here

 

[bjamez20]

1.61 in tempe

at people who got that 2.99 gas deal from dodge

 

[jordanpheen]

$1.55 and going down

 

[a king of da kickz]

1.85 in PA! I'm lovin this! Especially at this time of year.

 

[javier5857]

Wait, so why is it that gas is so cheap? Other than dependancy?

I mean obviously the economy is down but what good would it so to still have gas at 4 bucks a gallon?

 

[younggunna828]

1.56 to 1.63 in western NC

 

[pip777]

$1.37 in Dayton, Ohio

 

[untitled]

Originally Posted by bjamez20

1.61 in tempe

at people who got that 2.99 gas deal from dodge

ouch

 

[tbone95860]

Originally Posted by Essential1

Said it before and will say it again.. Oil dropping and dropping = bad news.... Anyone who thinks this should stay like this is nuts. It's fine if it stays like this for a couple of months but it needs to go back up a $1.25- 1.50 to a reasonable $3.00-3.35...

No... and how is $3.00-$3.35reasonable???

Originally Posted by javier5857

Wait, so why is it that gas is so cheap? Other than dependancy?

I mean obviously the economy is down but what good would it so to still have gas at 4 bucks a gallon?

Cost of oil is the lowest it's been in 4 years or so...

 

[atlballa15]

Low gas is that $%*. Filled up in Atlanta for about $20, may a little less. Drove to Durham for school (about 375 mi), and still had 3/4 of a tank left.

 

[jc5123]

Originally Posted by pip777

$1.37 in Dayton, Ohio

seen is for $1.35 just a min ago

 

[heartofthacity]

lol @ the dodge/chrysler promotion
I've said it before, and I'll say it again, its ridiculous when a gallon of milk costs more than a gallon of gas..

 

[tbone95860]

Price of gas hits lowest point in nearly 5 years...

CAMARILLO, Calif. (AP) -- The average price of U.S. gasoline fell 22 cents a gallon during the past two weeks, bringingit to its lowest level in nearly five years, according to a national survey released Sunday.
The average price of regular gasoline Friday was $1.75 a gallon, oil industry analyst Trilby Lundberg said. The price of mid-grade was $1.90a gallon and the price of premium was $2.02 a gallon.

The last time gas was cheaper was on March 2004, Lundberg said, when the national average for regular was $1.74 a gallon. The all-time highwas on July 11, 2008, when the price peaked at $4.11 a gallon.

Of cities surveyed, the nation's lowest price was $1.46 in Cheyenne, Wyo. The highest was $2.54 in Anchorage, Alaska, and the highest inthe continental United States was $2.10 on New York's Long Island.

 

[mondayc]

Originally Posted by TBONE95860

Originally Posted by Essential1

Said it before and will say it again.. Oil dropping and dropping = bad news.... Anyone who thinks this should stay like this is nuts. It's fine if it stays like this for a couple of months but it needs to go back up a $1.25- 1.50 to a reasonable $3.00-3.35...

No... and how is $3.00-$3.35 reasonable???

Commodities prices (oil) are just a reflection of the global economy, and there is a lot of investment in energy/commodity prices. When itsuddenly drops to 1/3 of it's original value, it's going to be a bad thing. And yes, $3 is reasonable. Milk costs $3.50 a gallon and comes from cowsthat live 30 miles away from me. Oil comes hundreds of feet underground, gets pumped out by huge machines, gets refined, then is shipped across an ocean andpumped into my car.
I would like to see taxes raised (God-awful socialist here) on gas to $3, then pump all the tax money into improving roads and bridges now that constructionmaterial prices are down. We could also get on with alternative energy for when prices go up, no doubt they will.

 

[mateen cleaves]

id like to see gas hit $1 but sadly i dont got a car.

 

[brooklynnyc3000]

I'mma go tell my parents to go buy a whole bunch of gas and store them before the price increases again.

 

[tony ayooo]

$1 gas would be

i tried to put 20 in yesterday..that was too much..had to force $17 inmy car..got my refund too since i couldn't put all $20 worth of gas in

2nd timethat has happened to me

 

[p charm]

don't get used to it, if the economy starts getting better ....OPEC is gonna jack up the prices just as fast as they went down.

 

[jd3772000]

Originally Posted by p charm

don't get used to it, if the economy starts getting better ....OPEC is gonna jack up the prices just as fast as they went down.

PROB RIGHT...

 

[damnneardeadstock]

$1.65 in southern ohio

it can continue droppin, i ain't mad