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GasBuddy News Article


Gasoline price downturn accelerates
Friday, October 10, 2008
Central Valley Business Times -- Gasoline prices are continuing to drop – now for the 16th straight week, according to price surveys.

This past week, pump prices fell a penny per day across most of California, with the drop thought to be related to world economic troubles and a resulting lower demand for gasoline pushing down crude oil prices.

"At the start of September, local gas prices were $1 higher compared to 2007; now, prices are just 50 cents higher than this time last year," says Jeffrey Spring, a spokesman for the Automobile Club of Southern California.

"This week, the Oklahoma state average price became the first to drop below $3 a gallon during this national downturn in gas prices."


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JT
Moderator

Message Posted: 10/10/2008 9:52:35 AM  Ignore JT Report Abuse
Friday, October 10, 2008
Central Valley Business Times -- Gasoline prices are continuing to drop – now for the 16th straight week, according to price surveys.

This past week, pump prices fell a penny per day across most of California, with the drop thought to be related to world economic troubles and a resulting lower demand for gasoline pushing down crude oil prices.

"At the start of September, local gas prices were $1 higher compared to 2007; now, prices are just 50 cents higher than this time last year," says Jeffrey Spring, a spokesman for the Automobile Club of Southern California.

"This week, the Oklahoma state average price became the first to drop below $3 a gallon during this national downturn in gas prices."

Visit Central Valley Business Times for full article
REPLIES (newest first)
dmatte85
Sophomore Author
Louisiana

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Message Posted: 10/11/2008 8:45:33 PM  Ignore dmatte85 Report Abuse
great, let it keep dropping.
thomas41546
Champion Author
Pennsylvania

Posts:1,912
Points:834,220
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Message Posted: 10/11/2008 6:04:50 PM  Ignore thomas41546 Report Abuse
conservation has nothing to do with the proce dropping.
21597
All-Star Author
Colorado

Posts:899
Points:254,065
Joined:Sep 2005
Message Posted: 10/11/2008 12:48:20 PM  Ignore 21597 Report Abuse
conserving gas is the way to go, a few cents a gallon doesn't help much.

drill drill drill
domer2
Champion Author
Gary

Posts:1,072
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Message Posted: 10/11/2008 12:13:05 PM  Ignore domer2 Report Abuse
about time.
Honda_Insight
Sophomore Author
Lexington

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Joined:Sep 2008
Message Posted: 10/11/2008 12:10:13 PM  Ignore Honda_Insight Report Abuse
This guy will never lose his will to conserve. Even if it's $1.00 / gallon, still costing me money.
bbreff
Champion Author
Atlanta

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Points:1,067,890
Joined:Jun 2005
Message Posted: 10/11/2008 11:44:56 AM  Ignore bbreff Report Abuse
I can hardly wait until gas prices drop under $2.50 a gallon.

They should be below $3.00 now.
RLH68
Champion Author
Orlando

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Points:457,550
Joined:Jun 2007
Message Posted: 10/11/2008 10:53:27 AM  Ignore RLH68 Report Abuse
I'll cheer when the gas prices drop to a reasonable US$1.99/gallon. Wonder how long it will take?
Don20
Champion Author
Oklahoma City

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Message Posted: 10/11/2008 9:42:10 AM  Ignore Don20 Report Abuse
This morning the pump price here is $2.33 to $2.69, still needs to go down about another 50 cents.. (everyone would be happy).
F250CA
Veteran Author
Oakland

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Message Posted: 10/11/2008 9:41:54 AM  Ignore F250CA Report Abuse
At some stations here diesel is going for $3.45

[Edited by: F250CA at 10/11/2008 10:42:12 AM EST]
NYRfan
Veteran Author
Cincinnati

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Message Posted: 10/11/2008 9:34:18 AM  Ignore NYRfan Report Abuse
below 1.50, wouldn't that be nice :)
JPGKC
Champion Author
Tampa

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Message Posted: 10/11/2008 9:31:20 AM  Ignore JPGKC Report Abuse
Winter is coming up so they'll come up with some excuse to slow it down.
gasie1
Champion Author
Maine

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Message Posted: 10/11/2008 9:28:18 AM  Ignore gasie1 Report Abuse
The price of a gallon needs to be below $1.50.
DarthDadJr
All-Star Author
Virginia

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Message Posted: 10/11/2008 9:28:09 AM  Ignore DarthDadJr Report Abuse
In northern VA, the price at the pump is dropping every day...except diesel.

CamryCheapster is right...we still have to conserve, or the price will go back up again.
CamryCheapster
Sophomore Author
Massachusetts

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Message Posted: 10/11/2008 9:24:55 AM  Ignore CamryCheapster Report Abuse
I just hope people don't lose the will to conserve with the lower prices.

If we continue to use less the pressure on the prices will continue downward.
Zygnatz
Champion Author
British Columbia

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Message Posted: 10/11/2008 9:22:40 AM  Ignore Zygnatz Report Abuse
Interesting here. Diesel down in some stations and up at others?
cableman31
Champion Author
New York

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Message Posted: 10/11/2008 9:20:06 AM  Ignore cableman31 Report Abuse
Keep Going. You're headed in the right direction.
DooDaa
Champion Author
Massachusetts

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Message Posted: 10/11/2008 9:18:01 AM  Ignore DooDaa Report Abuse
hard to keep with the prices as they change at least 3 to 4 times a day..
good!!
Shadowwarrior
Rookie Author
Pennsylvania

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Message Posted: 10/11/2008 9:17:40 AM  Ignore Shadowwarrior Report Abuse
$3.07 yesterday...today $3.03 Keep on falling !
ladybugIL
Veteran Author
Chicago

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Message Posted: 10/11/2008 9:17:31 AM  Ignore ladybugIL Report Abuse
I wonder how far the prices will dip.
Lonewolftx
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Houston

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Message Posted: 10/11/2008 9:11:26 AM  Ignore Lonewolftx Report Abuse
nice trend developing here . . .
zeljko
All-Star Author
Greensboro

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Message Posted: 10/11/2008 9:10:01 AM  Ignore zeljko Report Abuse
looking forward to lower gas prices
rgb42722
Veteran Author
Kentucky

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Points:117,525
Joined:May 2004
Message Posted: 10/11/2008 9:09:07 AM  Ignore rgb42722 Report Abuse
I would like to see it go down even further. But, with colder weather just around the corner, I feel we are going to see a rise in the price at the pump.
F250CA
Veteran Author
Oakland

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Message Posted: 10/11/2008 9:08:46 AM  Ignore F250CA Report Abuse
Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car
rockinrog
Champion Author
Ontario

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Message Posted: 10/11/2008 9:08:36 AM  Ignore rockinrog Report Abuse
we have finally hit 99.3 /liter or $3.75 US Gallon
bdrviper
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Grand Rapids

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Message Posted: 10/11/2008 9:08:28 AM  Ignore bdrviper Report Abuse
ok
Rajah
Champion Author
Illinois

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Message Posted: 10/11/2008 9:07:40 AM  Ignore Rajah Report Abuse
Looking forward to gas below $3 pretty soon.
ironbox_sara
Champion Author
Albany

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Message Posted: 10/11/2008 9:04:19 AM  Ignore ironbox_sara Report Abuse
Dropping fast in New York.
tizbowwow
Champion Author
Illinois

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Message Posted: 10/11/2008 9:03:29 AM  Ignore tizbowwow Report Abuse
good news on gas prices but the economy is suffering big time.
murphy50
Champion Author
Colorado

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Message Posted: 10/11/2008 8:55:05 AM  Ignore murphy50 Report Abuse
Gas will go up after the election, no matter who wins. If McBush wins, the oil companies will know they have a free ride for another 4 years and if Barak Obama wins, oil companies will have to get in one more gouging before things change.
STEVE853
Champion Author
Florida

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Message Posted: 10/11/2008 8:55:04 AM  Ignore STEVE853 Report Abuse
Gas prices need to drop alot more.
Pseudorious
All-Star Author
Philadelphia

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Message Posted: 10/11/2008 8:52:45 AM  Ignore Pseudorious Report Abuse
excellent
RCinNM
Champion Author
New Mexico

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Message Posted: 10/11/2008 8:52:16 AM  Ignore RCinNM Report Abuse
I'd like to see it under $2/gallon. Remember those days?
gasman50
Champion Author
Portland

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Message Posted: 10/11/2008 8:52:12 AM  Ignore gasman50 Report Abuse
Down baby, down
Gassaver30
Sophomore Author
Austin

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Message Posted: 10/11/2008 8:47:54 AM  Ignore Gassaver30 Report Abuse
Needs to drop about another 2 dollars!!
cheapertvs
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Richmond

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Message Posted: 10/11/2008 8:47:40 AM  Ignore cheapertvs Report Abuse
Price will continue to fall as long as demand is not there to sustain the high price of gasoline.
takethe_point
All-Star Author
Omaha

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Message Posted: 10/11/2008 8:46:38 AM  Ignore takethe_point Report Abuse
anything over a buck a gal is just pure greed.
gasman50
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Portland

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Message Posted: 10/11/2008 8:44:08 AM  Ignore gasman50 Report Abuse
Down baby, down
dlowe79
All-Star Author
Alabama

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Message Posted: 10/11/2008 8:43:42 AM  Ignore dlowe79 Report Abuse
I never thought I would say I am happy to see 2.79. Huntsville, AL
TeachR06
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Raleigh

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Message Posted: 10/11/2008 8:42:19 AM  Ignore TeachR06 Report Abuse
It's been nice to see and now that our supplies are more stable in the south, we are finally seeing it drop to the averages seen in other parts of the country.
RochBear
Champion Author
Minnesota

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Message Posted: 10/11/2008 8:42:06 AM  Ignore RochBear Report Abuse
I can't believe we are "happy" about gas at $3.00/gallon. But it's relative. It sure beats $4.00 (and for us who drive a diesel, it got to $5.00 - It's now 3.80. It's still cheaper to drive per mile, than my gas pickup, and pulls more)
Dennis783
Champion Author
Wisconsin

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Message Posted: 10/11/2008 8:41:15 AM  Ignore Dennis783 Report Abuse
Down 70 cents to $3.099 but I still can't imaging it getting below $3
pinkelefant
Champion Author
Los Angeles

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Message Posted: 10/11/2008 8:40:49 AM  Ignore pinkelefant Report Abuse
I agree with billy44bo!
billy44bo
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Mobile

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Message Posted: 10/11/2008 8:38:48 AM  Ignore billy44bo Report Abuse
still need to get down in the 1.xx price range
OilManMO
Rookie Author
Missouri

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Joined:Sep 2008
Message Posted: 10/11/2008 8:38:16 AM  Ignore OilManMO Report Abuse
Left town on Thursday morning with $2.74 and return Friday night with $2.51. WOW, maybe I need to take more trips... HOW LOW CAN IT GO!
LaCajunDJ
Veteran Author
Louisiana

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Message Posted: 10/11/2008 8:36:40 AM  Ignore LaCajunDJ Report Abuse
It's about time!
kissmefla
All-Star Author
Orlando

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Message Posted: 10/11/2008 8:35:39 AM  Ignore kissmefla Report Abuse
It's amazing that after the hurricanes of 2004 gas spiked to $3 and it was awful...now gas gets down to $3 and we celebrate...come a long way in 4 yrs
brutus
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Alberta

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Message Posted: 10/11/2008 8:34:39 AM  Ignore brutus Report Abuse
Gotta love it.
ArboretumCop
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Richmond

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Message Posted: 10/11/2008 8:34:36 AM  Ignore ArboretumCop Report Abuse
Traders! Eat your losses! Enjoy!
ladyjj
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Tennessee

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Message Posted: 10/11/2008 8:33:49 AM  Ignore ladyjj Report Abuse
Ok this one says lower demand ok is it lower demand or higher demand! Fuel still needs to drop on down!

[Edited by: ladyjj at 10/11/2008 9:34:42 AM EST]
spunky4443
Champion Author
Washington

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Message Posted: 10/11/2008 8:33:41 AM  Ignore spunky4443 Report Abuse
Well I don't think there is anybody out there, who is complaining about cheaper fuel prices.
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