$2.40 national retail average. Crude relatively stable at the mid-60s. Gasoline prices are stabilizing to match.

$65.35, went down $5.18 - 7.34%

1.84 blue springs

I miss the Springs and Zarda.

BBQ down here is teh suXor.

Fayetteville,AR:1.93 a gallon

1.75 independence

Zarda's the shit, haven't had it in forever though since im mostly in NKC, parents live near blue springs

finally hit 1.99 in Topeka.

Damn i need to fill up

1.99 in Shawnee Mo fuggers. I'm taking a picture. No way in hell this can keep going down. No way.

I won't be satisfied until it gets below 1.85

What's the over/under on the months that pass before it rockets up to $2.99+ for places seeing prices lower than $1.99?

Well it took about 2.5 years to go from 1.85 all the way to 3.99 and it only took 2 months to drop from 3.99 back to 1.99.

Most of that is on the speculators. I would have to imagine things are going to slow down and be more stable at this point.

If it's not back up to $3/gal by next spring no one will ever convince me that what happened this year was anything more than a cash grab by BushCo.

Jeezus I love idiots like you...ROFL

Dude...please.:shake:

You don't have to be a rabbi in a pork store to know that this isn't quite kosher.

OK, the fact that on election day it was HALF of what it was only four months ago is just a coincidence...riiiiiiight. :thumb:

No no, you're right. It's all a big conspiracy. The world market, the price of oil, the amount of consumption going down...that's all smoke and mirrors. It's all BushCo and stuff...

...I expect better from a fellow Husker...




...jk dude. You are obviously not alone in your opinion.:D

Well, as I said, if it goes back up, fine. But if it stays low, we'll know SOMEBODY was bending us over. We'll see what happens in the next few months.

Just saying, you have to look at inventory levels and consumption. Inventory is WAY up and consumption is WAY down...in economics, it's all about supply and demand...higher supply + lower demand = much lower prices. The ones who control prices now is the consumer...keep usage low and prices will stay low.

I know, I've heard all that and I believed all that, and I still would if he was closer to $3. But half, and still dropping??? It HAD to be artificially inflated, and the timing is just too weird for me. I'm not normally the conspiracy theorist type, but I'm having a real hard time convincing myself anything to the contrary right now.

I'm just curious.Have you ever held a leadership position in an oil company?
I haven't.

Maybe...just maybe,someone who has been there might know a thing or two about how to manipulate the market price.

Is that theory so far fetched?

Or,is GWB just a complete failure?

*sigh*

I'm done. Believe what you will. Pay no attention to the FACT that American Oil Companies control about 6% of the world market...yet somehow you all believe they are influencing the price of oil...that's a fuggin' joke. It's just simple numbers. I believe US consumption is down something like 7-8% from last year at this time, that's huge.

Now, as far as why it came down so quickly, I'd lump it on the world economy. I do have to say though that it seems we should have been seeing a drop earlier, but I don't know all the factors in the market.

What I DO know is that for the last 30 years or something the Senate always calls in the oil execs to nail them for gouging the market, and every time, EVERY TIME they come away with nothing. Because the oil guys aren't doing anything evil, except for making money, which apparently IS evil here in the USSA...

I agree with you...for the most part.

30 years ago...ok

20 years ago...sure

10 years ago...hmmm

The Bush Administration...4 dollars a gallon and failing energy companies in America.

I don't want this thread to go to the DC forum.

So I will close my trap now and imagine that I am eating some fine Zarda BBQ.

and the fact that the American economy was the first economy to sink into the recession that is gripping everyone worldwide now. The US dollar sunk as a result of the housing and credit crisis that had been looming on the horizon for years. Investors sought a 'safe haven' for their money and the safe haven for money in rough economic times, are commodities and the like. This is cyclical, and unfortunatly it probably will happen again in some form or another. Parties excluded, the market acted as it should.

The oil companies make money in scale with the cost of their product

It has very little to do with the oil companies and everything to do with futures. When oil hit it's peak, there was no supply/demand reason why it should have been higher than $70 something a barrel. The fact it went to twice that high was all do to futures trading. Now that the economy is in the tank consumption is down, the speculation on it is ending and the price has plummeted. The ironic thing is that all those guys who kept buying it and jacking up the price and making a fortune on it are now going to lose their shirt if they weren't smart enough to get out - and a LOT of them were not.

This is it in a nutshell. It was all the speculators pumping in billions at the first of the year. The oil companies and OPEC are pissed that they jacked up the market so bad that it altered the demand for their product over the long haul.

Nope. It was BUsh. PLain and simple. He's such an idiot, he's a genious...:rolleyes:

Demand has been that low for the whole year.. I get the economy aspect of the last few months.. But by that gas should have been somewhat cheaper this past March then what it was..

The gas companies and speculators manipulated the market to skyrocket prices.. Then even though world demand is up so I am told, OPEC countries are cutting back on supplies to keep prices up even though demand is still high world wide, sans the 7-8% percent drop here..

Crude down to $60.77.

7-8% drop here in America equals about a 20% drop worldwide...we use about 25% of the worlds oil, or so we're told. That's why OPEC can't cut enough to make up for the lack of demand.

As far as gas companies and speculators, I think you are right, but I don't know what or how "gas companies" can really affect the price...they reap the benefits of high prices, but they don't set them. If they did, gas would still be 3.00 a gallon. Speculators on the other hand...

...and now THEY are getting their asses kicked. World keeps turning. Donger knows more about this than I do, so maybe he can explain it better.

:clap::clap::clap::clap::clap::clap::clap:

1.83

2.29 is the cheapest I've seen it around here.

Where is 'here'?

Is Grand Poobah, Flopnuts? I can't keep track of all these name changes...

I think so...maybe.

Anyway, while we're touring the country's gas stations, I paid $2.05 yesterday, saw $2.04 today. Not quite there yet...

Holy shit!
It's ALMOST DOWN to $4.00 a gallon.
I paid $1.04 a liter today

PBJ PBJ PBJ

ROFL

1.99 tonight in Phila :)

$2.23 national retail average.

Wow. It was $1.86 here on my way to work this morning.

Seattle WA

Yeah, it is. Sorry. I forgot I changed my name when I didn't list Seattle.

I filled up at the corner of 103rd & State Line last night. $1.84/gallon.

Coming to? Whaddaya' mean "Coming To"?

We've already hit that out here. It's down to $3.30-50, but they cranked it up for the summer vacation season.

Out here in McCain's wonderfully run state of Arihoe-bag.

This thread was started in 1934.

ROFL

Ah yes, the year McCain graduated high school! It ALL makes sense now.

$1.65, Independence representing.

I don't know if it's still true, but I think the KC Metro area has had the cheapest gas in the Nation since all of this nonsense started.

It's shocking. Springfield is usually cheaper.

Oil went up $1.37 +2.24%

$62.41 a barrel now.

:cuss:

Just 2 months ago I went down to Springfield, gas was 20 cents cheaper. Last week I go down, gas was 15 cents higher.

2.08 yesterday in the sunshine state.

That's a far cry from $150.00.:evil:

Crude trading below $60.00/barrel.

When was the last time it traded this low? 2 years ago?

21 months ago, yes.

Almost 2 years...

Oil prices sank under 55 dollars a barrel on Tuesday to strike a 21-month low as frresh recession worries sparked fresh fears about slowing global energy demand, traders said.

On London's InterContinental Exchange (ICE), Brent North Sea crude for delivery in December plunged 4.16 dollars to 54.92 dollars per barrel -- a level last seen on Janury 30, 2007.

At the same time, on the New York Mercantile Exchange (NYMEX), light sweet crude for December tumbled 4.09 dollars to 58.32 dollars, the lowest level since March 21, 2007.

"The short-term focus continues to be on weak demand," Barclays Capital analysts wrote in a research note to clients.

Oil prices extended earlier losses on Tuesday after Wall Street skidded lower in opening trade, with investor sentiment unsettled by fears about a collapse of General Motors and more poor corporate news amid the credit crisis.

The market was also undermined by the strengthening dollar which tends to dampen oil demand because dollar-priced crude becomes more expensive for buyers holding weaker currencies.

http://www.breitbart.com/article.php...w_article=1%22

Shouldn't the Republicans be raising the price back up since the election is over? :)

Yesterday gas was a 1.64 in independence

When I last filled up it was $2.50, and I figured that had to be close to the bottom. But now it's down another thirty cents a gallon. Six months ago it was double that.

Amazing.

It went under $2.00 today. It's a Veterans Day miracle!

looks like there are a few places at 1.61 today!!

http://kcgasprices.com/

WTF is it cheaper there? We're always cheaper down here. Not that I'm complaining, especially since I'm coming up there Saturday.

$1.96! Finally over (under?) that two dollar hump.

Beats me, ask a gas station when you come up

1.89 in Omaha, which is usually .05 or more than across the river in Council Bluffs...We'll be below 1.80 in no time...

I actually heard a commercial for a car dealer on the radio yesterday saying that "since gas prices are no longer an issue it's time to start buying trucks and SUVs again". :shake:

Dude, my friend was looking for a new car this weekend and he said the dealers are taking almost $10,000 off the sticker prices. that is insane!

I suppose I can't blame them for trying to take advantage of this opportunity to dump inventory, but anyone who buys one thinking that gas is going to stay this low is a sucker.

Yeah, but if you need a truck, now is the time. 10K off the sticker more than makes up for the pain at the pump, it would take the life of the loan for gas prices to catch up to those savings.

But people need to keep their consumption low for prices to stay this way for long.

I don't think the analysts know what's going to happen. They keep saying oil will bottom out at a certain price, but it hasn't. Someone in today's article said oil could reach $45 early next year.

Since we are likely in a global recession (perhaps a severe one), no, no one knows. It will be interesting to see what happens when demand picks back up in the spring.

Crude trading down 4.18% today @ $56.85

it could be $8 a gallon in two years
family vacations will be in vague this summer
last chance to be able to afford to take your kids to Yellowstone

I read today that scientists are starting to cut back their hours researching and Development time for hybrid and electric cars and starting to work on larger horsepower displacement.

I think it's odd how two stations, that aren't even one mile apart, can have a $.10 price difference. I've seen that everywhere.

I read somewhere, that it depends on what else is on the site.

In other words, if it is a garage/service station, they can afford to keep their prices slightly higher because it is not their only revenue stream. However, I am not positive about the legitimacy of that.

You would think as sensitive as people are to gas prices, they would seek out the cheapest gas they could get. But I suppose that the theory makes sense.

I have two gasoline stations near me. The closer one is always at least $0.20 higher than the one about two miles down the road. That one is closer to the highway, hence the lower price.

If there isn't another station nearby, they'll charge more. Look at prices at stations near airports. They are always higher than others in town.

1.79