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Oil Prices Plunge!

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Saw it for 2.89 here.  Felt crazy for being so giddy about it.

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GRRRRRRRRRRRRRRRRRRRR Georgia is still 0.35 above the national average....... but we have plenty of fuel now.

There was a shortage???????????????

Sort of. Where I live most of the gas stations only had regular, some were completely out, some had all grades.

$2.99 here

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$78.66 at 2:00 CDT

Local gasoline ranges from $2.74 to $2.89

8-)

Still holding firm at $3.21 around here.

Yesterday afternoon, we finally got down to $2.99 here in MD for regluar!

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$74.70 at 10:00 CDT

;D ;D ;D ;D ;D ;D

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;D ;D ;D ;D $73.56 ;D ;D ;D ;D

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Down another two dollars and change this morning: $70.88

;D ;D ;D ;D ;D ;D

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;D ;D ;D ;D BREAKTHROUGH! ;D ;D ;D ;D

$69.02

RW,  Got a question.

I know it takes time for the Gas to oil prices to catch up.  But normally here in MO the prices are consistant on gasoline.  Any clue why there is such a huge difference between KC and St Louis?  We are talking 40-50 cents a gallon.

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I suspect it's all about delivery. We had the same situation in Memphis vs. Nashville and the eastern part of Tennessee when hurricane Ike struck. Over time, regional gas prices should be about the same. The biggest variance is generally among states due to fuel taxes. Around here gasoline is always cheaper across state lines in Mississippi and Arkansas.

BTW,

If you re-read the original post from August 8th, we have reached my projected range. If oil maintains current levels the retail price of gas will be in that $1.75 - $2.25 range shortly. Some parts of the country are already there!

8-)

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The 64000.00 question .............How long will this last ?

Thanks RW,

So when is the stock market going to go back up? ;D

;D ;D ;D ;D BREAKTHROUGH! ;D ;D ;D ;D

$69.02

Oil party at my house!

8-)

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;D ;D ;D ;D BREAKTHROUGH! ;D ;D ;D ;D

$69.02

Oil party at my house!

8-)

First 25 people there gets a free barrel.  ;D

8-)

I invite our honorary guest, Roadwarrior, who called this whole thing from the very beginning on the thread.

To RW!

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