Gas Prices!!!!

[blkgagt]

http://www.netscape.com/viewstory/2006/09/14/gas-could-drop-to-115-a-gallon/?url=http%3A%2F%2Fwww.outsidethebeltway.com%2Farch ives%2F2006%2F09%2Fgasoline_could_drop_to_115gallo n%2F&frame=true



Gasoline Could Drop to $1.15/Gallon
By Richard Gardner
Probably not as that is the lower end of the estimate, but a well-respected oil industry analyst says expect gas prices to plunge. Oil prices are more than the basic supply and demand curves, including future expectations such as unrest in oil producing regions and hurricanes in the Gulf of Mexico.

The recent sharp drop in the global price of crude oil could mark the start of a massive sell-off that returns gasoline prices to lows not seen since the late 1990s — perhaps as low as $1.15 a gallon.

“All the hurricane flags are flying” in oil markets, said Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Now, he says, they appear to be poised for a dramatic plunge.

Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead.

That would be nice.

R.C.

[lone_wolf025]

Gas for less than $2/gallon??? JIMNEY JILICKERS BATMAN!!!!!

[Phuxed]

Damn, that would be nice, especially since I've been rackin up Speedy Rewards points lol But I'm not counting on it...would hate to get disappointed.

[blkgagt]

^^^^*banana* ya, I just got on the net and that popped up, so I thought I would share.

[stangdude]

I'm waiting for the $2.00/gal to start getting excited (isn't that sad, excited over $2.00/gal?) I live in IL, close to MO and find it worth it to drive across the river 5mi out of my way to Perryville, MO where it's $2.11/gal as opposed to $2.45 where I live.

[lone_wolf025]

IL is :amraam:. Too many stupid rules and too much tax.

[blkgagt]

Ya, I hear you on that one. I live in mid Missouri and it is $2.24. But ya, that would be really cool, I wonder if it does get close to that price, how long it will stay there?

[lone_wolf025]

Til the investors find some other reason to jack up the prices.

[Mirage85]

I dont think we will ever see it below $2 a gallon again.

[pyro]

Til the investors find some other reason to jack up the prices.
*iagree*

[SpyhunteR]

I'm waiting until REBEL 100 fuel goes down from $5 a gallon down to $4... that'd be SWEEEEET

[caraudiodave]

its still $2.70/gal in my area. some stations are still over $3/gal. it wont hit $2 here, but im leaving soon, hopefully i will get to enjoy the low prices on NJ before they go back up again.

[Panacea]

Just paid $2.19 for 89 in Iowa yesterday.

[lone_wolf025]

I just saw the same gas pump drop 10 cents in a day. I filled up yesterday at $2.85 and now its $2.75. I could've saved a whole dollar and change!

[pyro]

wait a sec...so you guys are...let me get this straight...paying different prices for gas in different parts of the country? this is news to me!

/sarcasm
:nyung:

[Sleepwalkr]

"Gasoline Could Drop to $1.15/Gallon"


Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked and jump on top of me while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball.

[lone_wolf025]

Really?? Can I come and party too??? lol

[crazypontiac03]

Yea, ok I'll believe that when i see 1.15 at the pump. back to reality its 2.65.


IL does Suck.

[pyro]

"Gasoline Could Drop to $1.15/Gallon"


Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked and jump on top of me while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball.
im going to hold you to that, and make sure its filmed
:angel

better yet, make it my house and me winning the lottery...then again if gas is that cheap theres no point of winning...nothing to spend the money on..

[blkgagt]

TRUE!!!! Like everone has said, I don't ever seeing it going down past $2. I remember the day my friend calling me pissed off because it went over $2, and that was less that two years ago. I am just 18 now, when I started driving I paid $1.69 for gas, amazing isn't it,lol.

[1coop44]

TRUE!!!! Like everone has said, I don't ever seeing it going down past $2. I remember the day my friend calling me pissed off because it went over $2, and that was less that two years ago. I am just 18 now, when I started driving I paid $1.69 for gas, amazing isn't it,lol.

When I started driving gas was ................ .69 Cents a gallon .:clap: :clap: :clap: Ah the good old days when you could get gas cheap & drive a big block V8 that got 8 miles to the gallon. ;crap

[Sleepwalkr]

When I started driving gas was ................ .69 Cents a gallon .:clap: :clap: :clap: Ah the good old days when you could get gas cheap & drive a big block V8 that got 8 miles to the gallon. ;crap

Oh God..... I even remember that. I wasn't driving yet, but I can remember when it was 65-70 cents a gallon. By the time I started driving, it was up around $1.25.

[godenbrncs]

Gas was just reported on the news at $1.97 in a town nearby us. It's still about $2.15 down the street.

[tomh]

wow that awesome.. id be happy if it got down to $2 a gal... its still $2.45 here

[TJ95GAGT]

I doubt a national average of much below $2.00 will happen anytime soon, if again. OPEC will slow production to keep $/barrell up to stop prices from getting to low, they have to make thier money too. I still see around 2.40- 2.55 here, there are a couple of places that are 2.20ish but there is always a line.

[godenbrncs]

I'm glad I live where I do then. The places around here compete for the best price so we usually are on the lower end of the gas prices.. usually.

[mightypan42]

It's gotten as low as $2.28 here. I never expected it to get below $2.50 again..... hoping it keeps going down, but I'm not gonna hold my breath for sub-$2.00 prices.

[Rich]

it was down to 2.08-2.15 around here but then it jumped for no reason to 2.23. still better than 2.70+.

[stangdude]

NEVER thought I'd see this, $1.95 in Perryville, MO at the cash only station

[Sleepwalkr]

Gas was just reported on the news at $1.97 in a town nearby us. It's still about $2.15 down the street.

Geezus! I just paid $2.75 tonight! And thats actually down from the $2.77 I've been paying for the past week. Why are we so much damn higher than all you's guys? Are the fuel-truck drivers too scared to come up my altitude or what?

[godenbrncs]

Geezus! I just paid $2.75 tonight! And thats actually down from the $2.77 I've been paying for the past week. Why are we so much damn higher than all you's guys? Are the fuel-truck drivers too scared to come up my altitude or what?

Apparently they are. I'll be out in Colorado in a few weeks and plan on moving there in '07 sometime. The gas prices had better fall by then!

[Rich]

well, i heard that the west coast was affected by that oil pipeline that they had to close. maybe thats why there higher there?

[Pontiac Ninja]

2.19 here. Man i hope we hit $1.15!!!

[Sleepwalkr]

well, i heard that the west coast was affected by that oil pipeline that they had to close. maybe thats why there higher there?

So 1,000 miles isn't far enough east for us to get some good east coast gas? I just think someone is screwing us over.

[Grand_Damn]

the cheapest is $2.56/gallon (Costco) - thank goodness i have a Costco card.

when i bought my car in 2002...it was ~$1.50/gallon...less than $20 to fill it up.

[Mirage85]

Im still waiting for it to go down here as well.... From western PA across I-80 to Edison NJ, cheapest I found Sunday was $2.49. I just dont see it going below $2.00. something will happen to make it go up.... or something will happen to give them an excuse to make it go up....

[Bob]

It was $1.97 here a couple days ago, but jumped to $2.24 yesterday.

[stangdude]

$1.15/gal seems far fetched, but experts say we may see it again in the next few years. saw this article when I checked my hotmail.
http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/LowGasolineMaybe.aspx?GT1=8579

[Grreen99GT]

its been steadily falling here, hit $2.19 today:thumbs:

[Mirage85]

$2.41 here today in Jersey

[Phuxed]

2.24 here...this makes me happy especially since I have a roadtrip this weekend!

[blkgagt]

$2.09 today here in mid-missouri.

[AznGA]

Mid-grade gas was $1.99 in my town today. I filled it up. :)

[Mike3800]

"Gasoline Could Drop to $1.15/Gallon"


Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked and jump on top of me while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball.



Is this going to happen this weekend? Mind if I stop by when this happens? I have to go to Colorado Springs Saturday but even if it's not going to happen this weekend, hey, I'd make a special trip to see Alyssa and the Baywatch girls butt naked.

Oh, almost forgot, I can bring a bag to put over Jessica Simpson's head since her face resembles that of a horse.

[GrandAmGT1996]

I Love Ittttttt!!!

[TJ95GAGT]

2.47 still here. I will see a station here and there below 2.30 sometimes though.

[blkgagt]

Just wanted to say that it went down to $1.99 in my neck of the woods today.

[LoboMan7409]

If premium got below 2.00 a gallon I would be way happy

[nightingale]

Still $2.75 in Chico, CA. Glad that I don't have to drive much.

[Mike Jung]

It has come down here, also.

Aug 10, '06 = $1.040Cdn/L = $3.559 US per US Gallon.

This morning it was $0.815Cdn/L = $2.81US per US Gallon.

That is a $0.225Cdn/L about $0.749US per US Gallon DROP since Aug 10, '06.

So how much has it dropped in your areas ?

[Sleepwalkr]

Still seeing it all over town anywhere from $2.68 - $2.80. I feel so...... so........ unloved.

[lone_wolf025]

Saw 2.68 today. Prices continue to drop. Anyone in the Chicagoland area think we'll see 2.25 by mid October?

[Cormaster]

lowest I've seen in Indy is 2.04, but it continues to drop daily. Honestly if it stayed at around the $2 range I'd be content. In all honesty if it were just inflation, and nothing else, $2 would be reasonable.

[Skullrot]

Here's my take on the falling gas prices....With all the talk and action on alt. fuels, do you think it scared the oil companies into dropping the price? I think it did. Now ask yourself, how do we get a bunch of pissed off people to forget about alt. fuel..... rapidly drop the price of gas......Yeah!!!! they're happy again. Now, slowly bring the price back up.....

[timberwoof]

Cheapest place around here is 10 miles away in Corpus Christi going for $1.99/gallon.

http://autos.msn.com/everyday/gasstations.aspx?zip=78374

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
to check your local gas prices go there

[GrandAmGT1996]

Valid point skullrot...but im still not going to complain about it dropping. Plus now I'm getting like 26MPG city. (toyotaaaa haha)

[pyro]

im thinkin maybe it has to do with oil company's using ethonol in fuel like was planned previously(posted here before by jung IIRC). maybe they are just getting around to it now.
i.e. 87 is now 85...89 is now 87 etc.

[badboy2451]

maybe they are just getting around to it now.
i.e. 87 is now 85...89 is now 87 etc.

huh?


i actually saw e-85 at sheetz the other day, it was going for $2.15 i believe

[Mike Jung]

im thinkin maybe it has to do with oil company's using ethonol in fuel like was planned previously(posted here before by jung IIRC). maybe they are just getting around to it now.
i.e. 87 is now 85...89 is now 87 etc.
huh?...

From: Ethanol Blended (E-10) Gasoline that is coming to the US (http://www.grandamgt.com/forum/showthread.php?t=60798)
So with the US this summer changing their gasoline formulation to ethanol blends.
To stop using MTBE (methyl tertiary butyl ether).

from: http://www.e10unleaded.com
...The ethanol in E-10 Unleaded adds two to three points of octane to gasoline...

After having a read of this thread: See post below - can't seem to link a 2nd GAGT forum thread

Will you still use 87-octane gasoline (after they blend it with 85-octane gasoline & ethanol to make it 87-octane) ?


When I fill my Mom's Sunfire GT with Sunono ethanol (up to 10%) blended gasoline; I always reach for the 89-octane (which is 87-octane gasoline blended with ethanol to make 89).

[Mike Jung]

About 87 vs. 89 Octane Gasoline (http://www.grandamgt.com/forum/showthread.php?t=10606)

[Mirage85]

http://msnbc.msn.com/id/12400801/from/RS.1/

Its going to go up again, they are going to cut production so they can raise the price back up to ~$3.00 a gallon again.....

[Sleepwalkr]

Well, the prices here have finally gotten down to $2.29. So now I'm finally at what you guys were at 3 weeks ago. What are your prices now?

[Mirage85]

Well, the prices here have finally gotten down to $2.29. So now I'm finally at what you guys were at 3 weeks ago. What are your prices now?


Going back up......

[JohnnyB4439]

fock that

[digitalballz]

$1.95 for regular 87!!

[Panacea]

$2.29 on the Illinois side, and around $1.98-2.00 on the Iowa side.

[Mike Jung]

In Toronto, ON:

$0.842 Cdn/L (about $2.86 US per US Gallon) was this weekend's mornings highs.

I just filled-up last night & tonight at: $0.745 Cdn/L ($2.53 US per US Gallon).

A local gas station's cost this weekend was about: $0.787 Cdn/L (about $2.67 US per US Gallon)

[bigbenSC]

I'm told that after the elections prices will go up again... We'll see.

[timberwoof]

Its also rumored that prices will go up to about $3.00 by December, due to alot of refineries cutting back on the production, so that the CEOs can receive their yearly $8 million Christmas bonuses.

[Mike Jung]

...December, due to alot of refineries cutting back on the production...
& it is FACT that they do this every year for winter.

The refineries have to make home heating oil (diesel) some how.


High efficiency Natural Gas heating FTW :thumbs:
(formerly a home heating oil furnace at my home)
Don't miss the 2x (approx.) 350L /92.5 US Gallons diesel tanks in the basement & the smell of diesel.

[Mirage85]

http://msnbc.msn.com/id/8533441/

$2.05 here where I'm at in Jersey. The prices were back on the rise for a few days, then went to the lowest Ive seen in years. Alot of stations are below $2 a gallon in southern Jersey.

[crazypontiac03]

What the hell, how is jersey cheaper then Chicago. I hate IL!!

[Mirage85]

What the hell, how is jersey cheaper then Chicago. I hate IL!!


Yeah its weird... its even illegal to pump your own gas in Jersey... so you'd think that would raise the price some.

Well they jack up tolls.... not many roads can be traveled without paying a toll in Jersey, so they make enough money there that the state doesnt need to have as high of gas tax. I also believe there is 2 or 3 refineries, maybe more in the state, so transporting it doesnt cost as much.

Funny thing is, cost of living and everything else is higher than most the rest of the country, but gas is cheaper than most the rest of the country.....

[crazypontiac03]

Wierd. Its alright We got 50-60Cent Gas Tax, Toll Way that cost Between 60-80Cents for a Toll.

In the summer it cost me 3.60 To across the IL/WI Border Coming and going Hauling a Single axle Camper. B.S.

[digitalballz]

[QUOTE=Mirage85]Yeah its weird... its even illegal to pump your own gas in Jersey... so you'd think that would raise the price some.

Certain city's around here dont let you pump your own gas. As for prices I paid $1.94 today. Took about 16 bucks to fill the winter beater today!!!!!:applause: