Here's a state to state average of current prices.
We are on the low side of things...
http://www.fuelgaugereport.com/sbsavg.asp
And it's a happy happy sight to see.
Lowest I've seen in the last few days was $2.19 a gallon, and it seems like most stations are headed down close to that or lower. Some say $2.00 by thanksgiving, and that would be awesome.
Let's do the math.
Shall we?
Ok then.
Let's say you buy 12 gallons of gas a week.
12 gallons X $2.90 a gallon = $34.80
12 gallons X $2.20 a gallon = $26.40
$8.40 a weeks difference
X 4 weeks in a month= $33.60 a month
I dont know about you, but I'm good with an extra $33-$35 dollars a month.
If/when it hits $2, that would be $9 every 10 gallons. [img]graemlins/thumbs_up.gif[/img]
Looks like we are finally really headed in the right direction here and that's great news for everyone.
[img]cool.gif[/img] [img]tongue.gif[/img] [img]biggrin.gif[/img]
Here's a state to state average of current prices.
We are on the low side of things...
http://www.fuelgaugereport.com/sbsavg.asp
Greg, I hate to burst your bubble, but the only reason that $2.25 or whatever seems good is because we WERE paying $2.95 to $3.19 a gallon.
The gas prices will go down, and then they'll go up and then they'll go down... Somebody, somewhere will decide on a reason.
Not bursting my bubble at all, it's just good to see the trend heading down in price instead of up. It's been a long time coming.
Heck, I might be spending less than $20 a week on gas now LOL! (actually it's probnably be closer to $10 [img]graemlins/thumbs_up.gif[/img] [img]smile.gif[/img] )
The steady rise and hold of prices in the $2.80-$3.00 range doesnt affect people in the short term, but the prices staying that high for as long as they did put a dent in a lot of people's budgets.
Nice to have some relief from it.
<font color="#a62a2a" size="1">[ September 12, 2006 12:07 PM: Message edited by: cincygreg ]</font>
Oh, those gas prices will go up...right after the election. Those oil companies are hugely republican.
See if my prediction comes true come November 8.
I think the only thing that could stop or slow down the downward trend in prices is a major Gulf Hurricane right now. The price per barrel just went down again yesterday.
Major fighting in the middle east would do it too though.
We'll have to wait and see on your prediction, but I'm going with the $2 or less by Turkey Day!
<font size="2" face="Verdana, Helvetica, sans-serif">Wrong, wrong, wrong, wrong, wrong, wrong!!!!!!Originally posted by The Big Sexy:
Oh, those gas prices will go up...right after the election. Those oil companies are hugely republican.
See if my prediction comes true come November 8.
God, I hate it when someone opens their mouth and uninformed nonsense comes spewing out of it.
Gas prices go up every summer and come down every winter. It is called supply and demand. Prices go up in the summer when there is more demand due to there being more people on the road taking vacations and driving to their destinations. Prices go down in the winter b/c there is less demand since there aren't as many people traipsing across the country in the cold and snow. Happens every year. Prices flucuate all the time.
Besides, the last time I looked, oil companies were inanimate objects incapable of doing such things as voting, so how can it be a Repbulican (or a Democrat for that matter)?
<font size="2" face="Verdana, Helvetica, sans-serif">Wrong, wrong, wrong, wrong, wrong, wrong!!!!!!Originally posted by Gunslinger:
</font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by The Big Sexy:
Oh, those gas prices will go up...right after the election. Those oil companies are hugely republican.
See if my prediction comes true come November 8.
Besides, the last time I looked, oil companies were inanimate objects incapable of doing such things as voting, so how can it be a Repbulican (or a Democrat for that matter)?</font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">I love it when someone takes a statement and turns it into something it wasn't.
First of all, oil companies are *not* inanimate objects. They are run by people who have profited enormously off of Bush's energy policies. They are owned by shareholders who make lots of money off their investments.
One of the key elements of the grumpy electorate is the price of gas. So, gunslinger, you don't think that $3 a gallon price doesn't eat into the middle class budget? You don't think that $40 fill up affects the mood of the electorate?
It has affected the stock market. By coincidence I *just* finished reading a special report from David Goldman of Cantor Fitzgerald:
<font size="2" face="Verdana, Helvetica, sans-serif">Analysis of intraday data for credit protection, equity prices, equity volatility and oil futures leads to a startling result: the credit rally of the past three weeks is a direct response to falling oil price. That is, equity prices and credit independently respond to falling oil prices. The statistical results...reinforce our view that systemic risk, most prominently geopolitical risk, has driven the credit markets during the past two months, rather than idiosyncratic risk
I don't Icky's chart demonstrates much, and no one has given reasonable explanation for a $0.70 drop in gas prices, approximately a 25% drop in a very brief period.
I even thought the announcement of the "major" find in the Gulf of Mexico interesting. Ok, they didn't just find this oil yesterday. They've been working on it for years. From what I understand, we won't see the fruits of this drilling until 2010.
It is a major find in that it doubles our country's reserves, but it's minor in that our oil dependency far outstrips this find.
<font color="#a62a2a" size="1">[ September 13, 2006 03:47 PM: Message edited by: The Big Sexy ]</font>
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<font color="#a62a2a" size="1">[ September 13, 2006 03:46 PM: Message edited by: The Big Sexy ]</font>
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