GasBuddy News Article

votes

How low can gas prices go?

2.highlandstoday.com -- There's good news at the convenience store pump: Labor Day is over, which traditionally means gasoline prices will go down.
The national average price for gasoline has been falling through August, when it usually rises..

Now the crucial question: how low will it go?
A plunge in wholesale gasoline prices earlier this month continues to push down prices at the pump, PFGBest analyst Phil Flynn told the Associated Press. Gasoline supplies are nearly 12 percent above the five-year average, and demand is below pre-recession levels.

"We're going into the weakest demand period of the year, Typically, after Labor Day,.. demand drops and refineries begin a maintenance period as they.. prepare the switch..from the summer blend fuel to the winter blend. The winter blend fuel is less expensive

Read the Full Article

Submitted Sep 09, 2010 By: teafortwo

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: How low can gas prices go?	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

teafortwo Champion Author Washington Posts:15,323 Points:922,030 Joined:Feb 2009	Message Posted: Sep 11, 2010 1:03:47 PM Ignore teafortwo Report Abuse The lower and the faster the better .... So that our transportation money that has been claimed by BIG GREED OIL for far too long can flow back into other parts of the economy ... for things like food and clothing and household necessities and maybe even a little fun like travel to visit friends and family .. or how about a little movies and music and let US not forget our neglected personal medical needs. Seems like just about everyone in this country is running on a tight budget except the BIG GREED industries and crooked politicians ... they make sure the loopholes, subsidies and tax breaks are in just the right place to keep the BIG GREED profit margins extra plump.
honda0105 Champion Author Tallahassee Posts:15,252 Points:1,141,000 Joined:Nov 2008	Message Posted: Sep 11, 2010 12:40:49 PM Ignore honda0105 Report Abuse Pathfinder: try PIG BANKS first and foremost, followed by Specutraitors.
honda0105 Champion Author Tallahassee Posts:15,252 Points:1,141,000 Joined:Nov 2008	Message Posted: Sep 11, 2010 12:40:20 PM Ignore honda0105 Report Abuse how low? a lot lower were it not for price fixing.
PathfinderSC Champion Author South Carolina Posts:7,160 Points:1,364,905 Joined:Mar 2008	Message Posted: Sep 10, 2010 12:08:13 PM Ignore PathfinderSC Report Abuse How low can it go? Not near what it should be. Big oil will do anything to keep it up. [Edited by: PathfinderSC at 9/10/2010 4:11:00 PM EST]
jjjleblanc Champion Author Rochester Posts:4,339 Points:1,098,425 Joined:Jun 2008	Message Posted: Sep 10, 2010 6:43:36 AM Ignore jjjleblanc Report Abuse Weak demand period with weak economy. It should be lower.
TripleHs Champion Author Austin Posts:1,295 Points:491,505 Joined:Oct 2009	Message Posted: Sep 10, 2010 6:40:56 AM Ignore TripleHs Report Abuse for us, the lower the better
TripleHs Champion Author Austin Posts:1,295 Points:491,505 Joined:Oct 2009	Message Posted: Sep 10, 2010 6:40:24 AM Ignore TripleHs Report Abuse almost meaningless ... everyone's guess
LeftLane1 Champion Author Georgia Posts:9,225 Points:1,398,745 Joined:May 2007	Message Posted: Sep 10, 2010 4:20:43 AM Ignore LeftLane1 Report Abuse not low enough
rtw777 Champion Author Florida Posts:7,023 Points:1,373,400 Joined:Jan 2008	Message Posted: Sep 10, 2010 3:43:18 AM Ignore rtw777 Report Abuse Is this post done?
rtw777 Champion Author Florida Posts:7,023 Points:1,373,400 Joined:Jan 2008	Message Posted: Sep 10, 2010 3:42:26 AM Ignore rtw777 Report Abuse Don't think gasoline prices will go under $2 ever again.
hubcapLA Champion Author Louisiana Posts:2,554 Points:662,380 Joined:Apr 2009	Message Posted: Sep 9, 2010 9:12:51 PM Ignore hubcapLA Report Abuse This is all old news.
roadrunnerMO Champion Author Kansas Posts:5,986 Points:1,232,185 Joined:Jul 2008	Message Posted: Sep 9, 2010 9:12:44 PM Ignore roadrunnerMO Report Abuse They can go one hell of a lot lower. But washington lawmakers are in cahoots with oil companies so such will not happen. All bought and paid for.
250FORD Champion Author Minnesota Posts:8,265 Points:1,303,335 Joined:Feb 2007	Message Posted: Sep 9, 2010 9:12:27 PM Ignore 250FORD Report Abuse It should be quite a bit lower but I noticed that it is going up on here.
djgunrunner Champion Author Salt Lake City Posts:7,583 Points:1,886,845 Joined:Apr 2005	Message Posted: Sep 9, 2010 9:08:21 PM Ignore djgunrunner Report Abuse I keep hearing about this rubbish of low gas prices earlier this month. I live in the Salt Lake County area in Utah and I am hear to tell you that the prices have gone up by at least 5 cents in the 2300 East area around 3300 S. They like to raise up, drop down and then raise up again so maybe they did go down. The prices went up for the holiday and have not moved down one little bit. It was gouging that took them up and it is greedy gouging that keeps them up. So don't wet my leg and tell me its raining.
AuburnTim Champion Author Indiana Posts:5,696 Points:1,283,980 Joined:May 2005	Message Posted: Sep 9, 2010 9:06:14 PM Ignore AuburnTim Report Abuse With current corruption in our government and big business in this country it won't go below $2.50 at the pumps and below $70 a barrel.
RedRam2005 Champion Author San Antonio Posts:5,691 Points:1,056,235 Joined:Dec 2007	Message Posted: Sep 9, 2010 9:05:37 PM Ignore RedRam2005 Report Abuse not low enough
probedude2 Champion Author Akron Posts:10,169 Points:1,912,230 Joined:Jun 2003	Message Posted: Sep 9, 2010 9:03:47 PM Ignore probedude2 Report Abuse not much lower
52MPG Champion Author Dayton Posts:4,899 Points:1,275,580 Joined:Apr 2006	Message Posted: Sep 9, 2010 9:03:35 PM Ignore 52MPG Report Abuse Economic realities say prices should go down. lets see if it happens.
clww Champion Author Virginia Beach Posts:38,931 Points:1,154,285 Joined:Nov 2008	Message Posted: Sep 9, 2010 9:01:43 PM Ignore clww Report Abuse Not as low as I'd like to see...under $1 per gallon.
NOTSOGRN Champion Author Michigan Posts:1,280 Points:1,082,200 Joined:Dec 2007	Message Posted: Sep 9, 2010 8:54:45 PM Ignore NOTSOGRN Report Abuse Fingers crossed.
Rt118E Champion Author Pennsylvania Posts:6,704 Points:904,685 Joined:Jun 2009	Message Posted: Sep 9, 2010 8:48:59 PM Ignore Rt118E Report Abuse For me a lot lower!
paulg72 Champion Author Boston Posts:1,558 Points:542,625 Joined:Apr 2010	Message Posted: Sep 9, 2010 8:47:06 PM Ignore paulg72 Report Abuse A couple stations went down today 2 cents but its a start
Rageagainsttm Champion Author Tampa Posts:6,004 Points:1,446,120 Joined:Jul 2007	Message Posted: Sep 9, 2010 8:39:24 PM Ignore Rageagainsttm Report Abuse I don't see them going any lower. I have seen them being jacked up a little. No surprise there.
vulcan96 Champion Author Ohio Posts:21,163 Points:2,638,520 Joined:Aug 2004	Message Posted: Sep 9, 2010 8:34:42 PM Ignore vulcan96 Report Abuse a BIG drop , say another 55 cents would help the recession
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Sep 9, 2010 8:33:38 PM Ignore bigreddwg Report Abuse we worry about a few cents here and there...that speculators control both our lives and the prices we have to pay!! doesn't anyone remember what we - the gas buying public - did in 2008?? when we protested prices and boycotted stations we were able to drive prices down as low as $1.50 gal. in many places, so why can't it be done again??? don't wait, JUST DO IT!!!
planetmail Champion Author Calgary Posts:4,108 Points:832,410 Joined:Jan 2009	Message Posted: Sep 9, 2010 8:28:36 PM Ignore planetmail Report Abuse How low can gas prices go? Surprise me!
Quick68 Champion Author Columbus Posts:4,827 Points:756,850 Joined:Dec 2009	Message Posted: Sep 9, 2010 8:27:15 PM Ignore Quick68 Report Abuse The price of gas will not go down.
Maintroll Champion Author Lexington Posts:6,276 Points:1,235,610 Joined:Aug 2008	Message Posted: Sep 9, 2010 8:25:27 PM Ignore Maintroll Report Abuse Last winter the prices went up and stayed up all winter while there were cheaper during the summer months.
uptherefiners Champion Author Chicago Posts:3,311 Points:681,130 Joined:Jun 2006	Message Posted: Sep 9, 2010 8:24:38 PM Ignore uptherefiners Report Abuse lower till after the Nov elections
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Sep 9, 2010 8:24:05 PM Ignore Scotty99QC Report Abuse Someone is writing stories.
must87searcher Champion Author Maryland Posts:6,660 Points:1,313,520 Joined:Apr 2008	Message Posted: Sep 9, 2010 8:22:58 PM Ignore must87searcher Report Abuse Of all the stations, except one, I have seen today, the price has either stayed the same or gone up a couple of cents.
fuelconscious Champion Author Los Angeles Posts:2,077 Points:537,795 Joined:Jan 2008	Message Posted: Sep 9, 2010 8:22:32 PM Ignore fuelconscious Report Abuse Price of gas needs to go down more
defcon7 Champion Author St. Louis Posts:1,557 Points:197,525 Joined:May 2009	Message Posted: Sep 9, 2010 8:19:48 PM Ignore defcon7 Report Abuse Well gas prices just spiked 27 cents in the last 12 hours, so anywhere going down would be nice! Yesterday it got down to 2.42 before it went up to 2.69. I knew I should have bought last night. Missed it by that much!
rxman1 Champion Author Toledo Posts:6,991 Points:1,395,220 Joined:Nov 2007	Message Posted: Sep 9, 2010 8:17:57 PM Ignore rxman1 Report Abuse Prices should go down but as we all realize prices don't always do what we expect.
Fitwit Champion Author Stockton Posts:4,355 Points:941,525 Joined:May 2009	Message Posted: Sep 9, 2010 8:16:19 PM Ignore Fitwit Report Abuse Basement: accessories. Going down.
goldilox88 Champion Author Montreal Posts:4,059 Points:1,000,000 Joined:Jun 2008	Message Posted: Sep 9, 2010 8:15:58 PM Ignore goldilox88 Report Abuse Not low enough. Not soon enough.
altonb1 Champion Author Pennsylvania Posts:6,885 Points:1,052,595 Joined:Jul 2005	Message Posted: Sep 9, 2010 8:13:53 PM Ignore altonb1 Report Abuse prices jumped 6-cents from Mon to Tues, and prices have remained stable since.
REKEY Champion Author South Carolina Posts:6,201 Points:1,232,505 Joined:May 2008	Message Posted: Sep 9, 2010 8:13:00 PM Ignore REKEY Report Abuse It started to climb already!
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 9, 2010 8:12:23 PM Ignore CobraLeader Report Abuse ... IMPOSSIBLE to have $0.30 gas again! ... ... There is more than $0.30 federal tax in the price. ... ... Most states are close to $0.30 state tax in the price. ...
HEBster Champion Author Kentucky Posts:6,469 Points:1,914,740 Joined:May 2006	Message Posted: Sep 9, 2010 8:12:01 PM Ignore HEBster Report Abuse No change in KY...
BazooQC Champion Author Montreal Posts:7,320 Points:1,170,430 Joined:Oct 2008	Message Posted: Sep 9, 2010 8:11:41 PM Ignore BazooQC Report Abuse Go lower ... they just put them up again for the weekend :-(
GasholeMI Champion Author Lansing Posts:7,763 Points:1,249,640 Joined:Jul 2008	Message Posted: Sep 9, 2010 8:11:32 PM Ignore GasholeMI Report Abuse Prices sure need to go a lot lower than where they are now. Lower 2.70's currently around here.
TBONE3 Champion Author Pennsylvania Posts:6,383 Points:1,509,670 Joined:Mar 2005	Message Posted: Sep 9, 2010 8:11:30 PM Ignore TBONE3 Report Abuse Only as low as the refiners allow it to drop. They and the speculators control it all. Perhaps another dime around Thanksgiving and Christmas.
cv Champion Author Raleigh Posts:12,826 Points:2,797,630 Joined:Oct 2003	Message Posted: Sep 9, 2010 8:11:14 PM Ignore cv Report Abuse In my area, gas prices increased around 4 cents a gallon since Labor Day.
tucker355 Champion Author Manitoba Posts:1,153 Points:314,435 Joined:Feb 2009	Message Posted: Sep 9, 2010 8:10:04 PM Ignore tucker355 Report Abuse lower the better
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 9, 2010 8:09:30 PM Ignore CobraLeader Report Abuse ... I'd love to see much lower fuel prices! ...
coughlin Champion Author San Jose Posts:3,331 Points:754,075 Joined:Sep 2009	Message Posted: Sep 9, 2010 8:08:29 PM Ignore coughlin Report Abuse They CAN'T get low enough for me.
ashishpa All-Star Author St. Louis Posts:951 Points:217,540 Joined:Feb 2010	Message Posted: Sep 9, 2010 8:06:24 PM Ignore ashishpa Report Abuse I how put less than 1.5 which used to be few months back.
jcurley Champion Author California Posts:5,632 Points:1,320,595 Joined:Dec 2007	Message Posted: Sep 9, 2010 8:05:58 PM Ignore jcurley Report Abuse TXGasPriceSpy has nailed the answer.
Blue_Cruzer Champion Author Lexington Posts:5,147 Points:1,201,650 Joined:Mar 2007	Message Posted: Sep 9, 2010 8:05:00 PM Ignore Blue_Cruzer Report Abuse How about $1.49 a gallon?