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We are still paying $2.27 in Memphis, but it looks like we might break the buck this weekend!

 

http://www.foxbusiness.com/industries/2014/12/03/its-official-1-gas-shows-up-in-oklahoma-city/

 

 

 

 

:xmas-115:

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I haven't seen any below three per.

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HALLELUJAH!!! The lady at the corner store was joking the other day about how they threw away the '1' because they thought they'd never use it again.

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$2.58 was what I saw this morning here........Farmington, MN

 

-Lewi

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Cost me 20 bucks less to fill up the other day than it did just a few months ago.  Yahoo!

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2.49 in Birmingham. It only costs me 8 dollars to fill my tank. :grin:

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Gas prices are a sore subject with me. Gas first went over $2/gallon when crude went over $100/barrel, the last I looked crude is around $75/barrel so gas should be allot less thank it is, price gouging pure and simple. Those of you misfortunate enough to live in a high tax state will never see gas less than $3/gallon, cost difference in gas from state to state is due to your state taxes on gasoline. Best example of this is diesel, diesel is the cheapest fuel to manufacture but cost the most due to taxes on diesel.

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Gas prices are a sore subject with me. Gas first went over $2/gallon when crude went over $100/barrel, the last I looked crude is around $75/barrel so gas should be allot less thank it is, price gouging pure and simple. Those of you misfortunate enough to live in a high tax state will never see gas less than $3/gallon, cost difference in gas from state to state is due to your state taxes on gasoline. Best example of this is diesel, diesel is the cheapest fuel to manufacture but cost the most due to taxes on diesel.

You also have to take into consideration what the price, the gas station paid for the fuel was. Just because the market value drops does not mean that the price drop is instantaneous. I could be wrong in my knowledge of fuel sales. However, I believe the stations purchase massive quantities and have them delivered when needed. Thusly making cost trickle down slowly. Again I very well may be wrong. That is just my thought process on the subject.

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You also have to take into consideration what the price, the gas station paid for the fuel was. Just because the market value drops does not mean that the price drop is instantaneous. I could be wrong in my knowledge of fuel sales. However, I believe the stations purchase massive quantities and have them delivered when needed. Thusly making cost trickle down slowly. Again I very well may be wrong. That is just my thought process on the subject.

It isn't the local station gouging us, the oil companies are. Your average station makes one to three cents per gallon, their money is made either through store sales or repairs. So you're correct it isn't the station's fault, it's the gas companies. The largest fuel supplier on the world has been reporting their largest profit margin ever since the price per gallon we pay has risen so dramatically, gas prices aren't market driven from the supply demand side it's that those who are doing the supplying now are basically a monopoly.

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My lowest so far is $2.79.

In 1980 I paid around a $1.00 gallon, in today's dollars that would be about $3.00, but my 1980 car got 10 mpg while my 2014 gets over 20.  I like the deal right now.

 

Different states have different gas blend requirements that may show prices vary from state to state.  Tax dollars are needed to repair and maintain roads.  Labor and materials do not adjust downward with the drop in the price of crude oil.

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Sugar gas! Gunk goop... Anyway, 2.65 here.. Hopefully it will continue to drop.

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I haven't seen any below three per.

Rez is 3.07 last week. In lyndonville it's 3.30 5 miles away in medina it's 3.25 in Holley where I moved to a few months ago it's 3.13. NY will never see sub 2 dollars for gas.

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Delta Sonic by my house was $3.04.

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WTI is trading at $67.38 today. Look  for the price to drop another $20-$25 over the next few months.

I estimate the pump prices (national average) will drop below $2.00 per gallon and in some states, around

$1.50.

 

 

 

 

:xmas-115:

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WTI closed at $66.75 today and poised for a dramatic collapse.

Perhaps another 10% before year end.

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In the $2.40 range in Richmond, Virginia.

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Kent, how long has crude been below $100/barrel? I'm thinking six months at least. When crude hit $100/barrel was when gas went north of $2/gallon, it should already be less than $2. It's getting to the point that the public is noticing (finally). I'm betting in a week or so the refineries start their usual we have to make heating oil argument as an excuse to keep the prices near $2 bucks, we're actually at the point now that pump prices should already be around $1.50 or less. FWIW when this all started about 10 years ago crude was around $50/barrel, pump prices around a buck maybe a buck fifty where I was living. Gas companies started raising the prices fast and furiously, they took it as high as possible to where it started impacting the economy. They sure haven't reversed the prices at the pump to match what crude trades for. The reason it infuriates me is that gas prices affect everything. Artificially keeping the price per gallon high just makes economic recovery that much more difficult. Heck milk is four bucks a gallon, loaf of bread around three. Everytime fuel goes up so does everything else.

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$3.34 in Chicago and around $2.70 in the burbs

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I paid 2.33 yesterday across the river in Missouri. It is cheaper today I'm told. Still around 2.50 here in southern Illinois. The glut of crude is saving consumers millions now, but the long-term cost may be high. There are many that do not want cheap oil. I can't help but look for the other shoe...

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Starting to not regret lifting my jeep lately with the prices I think I paid 2.72 last week

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$2.70 in the burbs

Cheaper gas then what I am dealing with. I think it is 2.74 or 2.79.

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