Gas price decline nears 40 cents

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Sunday, November 23, 2008 7:06:25 AM

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GasBuddy News Article

Gas price decline nears 40 cents Wednesday, August 20, 2008
CNN Money -- NEW YORK (CNNMoney.com) -- Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday. The price of regular gasoline fell to $3.717 a gallon from $3.73 a day earlier, according to a survey of gas station credit card swipes from motorist group AAA and the Oil Price Information Service. Gas prices have fallen more than 9% since hitting a high of $4.114 a gallon on July 16. The drop mirrors a 22% decline in crude price futures from their record high of $147.27 a barrel.
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JT Moderator	Message Posted: 8/20/2008 11:03:11 AM	Ignore JT Report Abuse
	Wednesday, August 20, 2008 CNN Money -- NEW YORK (CNNMoney.com) -- Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday. The price of regular gasoline fell to $3.717 a gallon from $3.73 a day earlier, according to a survey of gas station credit card swipes from motorist group AAA and the Oil Price Information Service. Gas prices have fallen more than 9% since hitting a high of $4.114 a gallon on July 16. The drop mirrors a 22% decline in crude price futures from their record high of $147.27 a barrel. Visit CNN Money for full article

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letmathe Champion Author Chicago Posts:6,983 Points:1,703,230 Joined:May 2001	Message Posted: 8/21/2008 11:34:22 AM	Ignore letmathe Report Abuse
	yeap
jcross0 Champion Author Orange County Posts:1,206 Points:510,945 Joined:Apr 2006	Message Posted: 8/21/2008 11:28:24 AM	Ignore jcross0 Report Abuse
	this is all just crap
qwikss Sophomore Author Phoenix Posts:211 Points:77,070 Joined:May 2006	Message Posted: 8/21/2008 11:24:21 AM	Ignore qwikss Report Abuse
	Barrel of oil goes up then gas rises instantly. Barrel of oil goes down then a slight decline in gas prices over the course of many weeks. We are not stupid.
drthunder Champion Author New York Posts:1,108 Points:232,285 Joined:Sep 2005	Message Posted: 8/21/2008 11:21:35 AM	Ignore drthunder Report Abuse
	that good
rjb21760 All-Star Author Chicago Posts:983 Points:444,185 Joined:Oct 2006	Message Posted: 8/21/2008 11:20:48 AM	Ignore rjb21760 Report Abuse
	Still not in pace of oil's drop
simplyhelpful Rookie Author Jackson Posts:42 Points:49,510 Joined:Oct 2007	Message Posted: 8/21/2008 11:18:06 AM	Ignore simplyhelpful Report Abuse
	Hey Guess what!!!! The market prices on Crude are up almost $6/barrel this morning and what's the reasoning this time???? Any Ideas??? Must be because of Fannie and Freddie!! Although they are unrelated it drives the price up wonderful!!!
TBoneSoCA All-Star Author Orange County Posts:509 Points:88,430 Joined:May 2007	Message Posted: 8/21/2008 11:15:02 AM	Ignore TBoneSoCA Report Abuse
	I am sure this drop will only be temporary...
firebirdv8 Sophomore Author Ohio Posts:106 Points:231,145 Joined:Feb 2008	Message Posted: 8/21/2008 11:14:20 AM	Ignore firebirdv8 Report Abuse
	down down down !!!
ramshot412 Champion Author Riverside Posts:11,955 Points:1,197,830 Joined:Apr 2004	Message Posted: 8/21/2008 11:14:11 AM	Ignore ramshot412 Report Abuse
	Wait till next spring....$5.50 a gallon?
NavyEOD Champion Author Los Angeles Posts:1,971 Points:433,340 Joined:Jul 2007	Message Posted: 8/21/2008 11:11:29 AM	Ignore NavyEOD Report Abuse
	But still $1 more than a year ago.
chd2008 Rookie Author Georgia Posts:42 Points:9,030 Joined:May 2008	Message Posted: 8/21/2008 11:10:35 AM	Ignore chd2008 Report Abuse
	It's still not enough!
evasilion All-Star Author Virginia Beach Posts:701 Points:132,320 Joined:Mar 2008	Message Posted: 8/21/2008 11:03:46 AM	Ignore evasilion Report Abuse
	Keep declining.
Don20 Champion Author Oklahoma City Posts:1,535 Points:1,015,720 Joined:Mar 2005	Message Posted: 8/21/2008 11:02:58 AM	Ignore Don20 Report Abuse
	That is good, lets keep it coming down...
Lovelee Champion Author Detroit Posts:1,776 Points:454,500 Joined:Mar 2007	Message Posted: 8/21/2008 11:02:07 AM	Ignore Lovelee Report Abuse
	Keep going down for another 340 days!
bobsalwaysmt Champion Author Long Island Posts:1,045 Points:79,930 Joined:Oct 2007	Message Posted: 8/21/2008 11:01:14 AM	Ignore bobsalwaysmt Report Abuse
	It needs to come down over $1.00
tz2001 Sophomore Author Virginia Posts:109 Points:213,720 Joined:Sep 2003	Message Posted: 8/21/2008 11:00:53 AM	Ignore tz2001 Report Abuse
	Now that gas is "cheap" again lets have everybody jump back into their SUVs and go blasting down the highway at 90 mph so that the demand will push the price higher again!
NoodlyWee All-Star Author Orange County Posts:552 Points:91,145 Joined:Mar 2008	Message Posted: 8/21/2008 11:00:48 AM	Ignore NoodlyWee Report Abuse
	Just wait . . . after Olympics and whatever comes of the Florida Floods. Excuses #350 and 351 to raise prices again.
dabuzman Champion Author Seattle Posts:1,187 Points:471,405 Joined:Apr 2006	Message Posted: 8/21/2008 10:59:40 AM	Ignore dabuzman Report Abuse
	Only hope it keeps declining at least 80 cents more.
Cyberpeep24 Champion Author Oakland Posts:1,555 Points:130,095 Joined:Apr 2008	Message Posted: 8/21/2008 10:59:23 AM	Ignore Cyberpeep24 Report Abuse
	Think positive and keep conserving
Gorlock Sophomore Author Toledo Posts:212 Points:29,090 Joined:Jul 2008	Message Posted: 8/21/2008 10:56:55 AM	Ignore Gorlock Report Abuse
	The olympics will end soon.
jrobbie Sophomore Author St. Louis Posts:137 Points:43,205 Joined:Jan 2008	Message Posted: 8/21/2008 10:56:27 AM	Ignore jrobbie Report Abuse
	Oil prices will be up over $120/barrel today.. so we can kiss those 34 straight days of gas declines good-bye.
NissanGirl Veteran Author Oregon Posts:302 Points:167,490 Joined:Jan 2008	Message Posted: 8/21/2008 10:56:16 AM	Ignore NissanGirl Report Abuse
	I hope it keeps going down.
jerminator Rookie Author Madison Posts:28 Points:131,060 Joined:Jun 2008	Message Posted: 8/21/2008 10:55:08 AM	Ignore jerminator Report Abuse
	sure, big oil likes it. up 90 cents, down 40...... so they are still up 50 cents/gallon.
Gerund1 Champion Author Toronto Posts:1,152 Points:828,780 Joined:Apr 2003	Message Posted: 8/21/2008 10:54:48 AM	Ignore Gerund1 Report Abuse
	I just wish I was close enough to the border to take advantage of the much lower US prices.
ezot92 Rookie Author Twin Cities Posts:80 Points:8,760 Joined:Apr 2008	Message Posted: 8/21/2008 10:54:25 AM	Ignore ezot92 Report Abuse
	50 cents
BM4225 Champion Author Atlanta Posts:2,194 Points:554,430 Joined:Aug 2006	Message Posted: 8/21/2008 10:53:56 AM	Ignore BM4225 Report Abuse
	Well I need to see another 20 cent drop so I can get my anual cost to get lower.
yeehaw1073 Sophomore Author Indiana Posts:106 Points:678,895 Joined:May 2004	Message Posted: 8/21/2008 10:51:29 AM	Ignore yeehaw1073 Report Abuse
	Yeah, prices may be down from the spike but how about versus prices at this time last year? I'd have to bet on higher...by somewhere in the vicinity of 60%
laddyboy62 Champion Author Riverside Posts:1,591 Points:996,285 Joined:Mar 2005	Message Posted: 8/21/2008 10:50:23 AM	Ignore laddyboy62 Report Abuse
	almost 60 cents here from a month ago...but of course this is calif
kypeanuts Veteran Author Louisville Posts:342 Points:74,160 Joined:May 2008	Message Posted: 8/21/2008 10:48:10 AM	Ignore kypeanuts Report Abuse
	not here
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 8/21/2008 10:47:56 AM	Ignore DarthDadJr Report Abuse
	Keep conserving and it will drop again!
maindrag All-Star Author Ontario Posts:804 Points:35,005 Joined:Dec 2005	Message Posted: 8/21/2008 10:47:31 AM	Ignore maindrag Report Abuse
	how come we don't see this at the pumps?
kiddglock Champion Author Kansas Posts:4,750 Points:996,580 Joined:Aug 2005	Message Posted: 8/21/2008 10:47:09 AM	Ignore kiddglock Report Abuse
	GO, GO, GO, GO!
TwoEyes Champion Author New Haven Posts:1,504 Points:1,159,230 Joined:May 2005	Message Posted: 8/21/2008 10:37:47 AM	Ignore TwoEyes Report Abuse
	probably no decline today -- oil has spiked up $4.44 to over $119/barrel.
JewishJoe Rookie Author Pennsylvania Posts:17 Points:29,315 Joined:Sep 2005	Message Posted: 8/21/2008 10:36:14 AM	Ignore JewishJoe Report Abuse
	All it's going to take is one category 2 or 3 hurricane along the eastern Texas or western Louisiana coast where all the oil rigs are. Then we'll tack on another 1 or 2 dollars per gallon. It's still not out of the question for Tropical Storm Fay to head in that general direction. If it heads west in the Gulf and strengthens, we're in trouble. I'll feel better about gas prices going down once hurricane season 2008 is over.
smokin2win07 Sophomore Author Tennessee Posts:220 Points:369,450 Joined:Mar 2007	Message Posted: 8/21/2008 10:35:53 AM	Ignore smokin2win07 Report Abuse
	I'm still waiting for it to drop.
Austin1850 Champion Author Austin Posts:2,186 Points:149,835 Joined:May 2008	Message Posted: 8/21/2008 10:35:46 AM	Ignore Austin1850 Report Abuse
	needs to decline a dollar, that would be news.
Nofries Veteran Author Atlanta Posts:465 Points:154,350 Joined:Jun 2006	Message Posted: 8/21/2008 10:35:02 AM	Ignore Nofries Report Abuse
	60 cent drop here.
gouging Rookie Author Illinois Posts:6 Points:169,720 Joined:Apr 2004	Message Posted: 8/21/2008 10:34:52 AM	Ignore gouging Report Abuse
	NOT HERE GAS IS STILL 3.92 IN ROUND LAKE IL.THEIR GOUGING THE HELL OUT OF US IN THIS AREA.
AKTigger99645 Champion Author Anchorage Posts:4,815 Points:783,035 Joined:Mar 2005	Message Posted: 8/21/2008 10:33:50 AM	Ignore AKTigger99645 Report Abuse
	Then they'll just add to the price because the heating season's startin
JewishJoe Rookie Author Pennsylvania Posts:17 Points:29,315 Joined:Sep 2005	Message Posted: 8/21/2008 10:32:52 AM	Ignore JewishJoe Report Abuse
	. [Edited by: JewishJoe at 8/21/2008 10:35:48 AM EST]
ElCubano Champion Author Miami Posts:1,603 Points:329,350 Joined:Sep 2006	Message Posted: 8/21/2008 10:30:13 AM	Ignore ElCubano Report Abuse
	always the short endof the stick!!!!
10k Champion Author North Carolina Posts:5,710 Points:634,325 Joined:May 2006	Message Posted: 8/21/2008 10:30:09 AM	Ignore 10k Report Abuse
	we're supposed to be thrilled by a whole 40 cent drop ??? that's like a thief stealing $100 from you, then giving you $9 back for the tolls...i really really really hate big oil...
hugrad2005 Sophomore Author Kansas Posts:128 Points:57,300 Joined:Jun 2008	Message Posted: 8/21/2008 10:30:09 AM	Ignore hugrad2005 Report Abuse
	Why the difference? Those people are so worried about losing their money that they can't drop the prices to reflect their lower cost. What's with that?
jdbgn Champion Author Los Angeles Posts:3,385 Points:550,360 Joined:Apr 2007	Message Posted: 8/21/2008 10:29:59 AM	Ignore jdbgn Report Abuse
	Whoop te do. Still way too high.
Caspertherat Sophomore Author Arkansas Posts:155 Points:37,530 Joined:Jul 2008	Message Posted: 8/21/2008 10:29:41 AM	Ignore Caspertherat Report Abuse
	I agree with amacquarrie. But those poor speculators have to bet the spread and they need all the margin they can find.
amacquarrie Veteran Author Nevada Posts:338 Points:78,210 Joined:Jun 2008	Message Posted: 8/21/2008 10:27:22 AM	Ignore amacquarrie Report Abuse
	that makes no sense - 9% compared to 22%
Roo08 Veteran Author Grand Rapids Posts:398 Points:52,665 Joined:Jul 2008	Message Posted: 8/21/2008 10:25:40 AM	Ignore Roo08 Report Abuse
	9% drop in price of gas is not a mirror image of 22% drop in crude. If only gas had dropped 22% many of us wouldn't be so ticked off!
gstoney Rookie Author Ontario Posts:71 Points:70,305 Joined:Jun 2008	Message Posted: 8/21/2008 10:22:32 AM	Ignore gstoney Report Abuse
	Not Here in Brantford, We are still getting Ripped Off!
Arktander All-Star Author Illinois Posts:603 Points:357,270 Joined:Aug 2005	Message Posted: 8/21/2008 10:22:01 AM	Ignore Arktander Report Abuse
	Everyone thinks it's some relief, but then they forget that it was even lower than this when it started it's run up.
AnObserver Champion Author New Jersey Posts:1,619 Points:861,265 Joined:Sep 2005	Message Posted: 8/21/2008 10:18:59 AM	Ignore AnObserver Report Abuse
	Even more in NJ