Author Topic: Gasoline: How low will it go? (Read 69895 times)

cassandra and sara's daddy · « **Reply #100 on:** October 15, 2008, 06:52:04 PM »

my oldest bug predated hydraulic brakes had rods with threaded ends. a real art to adjusting them. an art i never mastered.

PTK · « **Reply #101 on:** October 15, 2008, 07:05:58 PM »

Quote from: PTK on October 15, 2008, 02:11:39 PM

$3.06/gal for low test, now.

Not too bad for four days.

$3.02/gal now, it dropped four cents over the day.

mtnbkr · « **Reply #102 on:** October 15, 2008, 07:08:09 PM »

$2.89 and more stations here and $2.69 at Costco.

Chris

Scout26 · « **Reply #103 on:** October 15, 2008, 07:31:24 PM »

I paid $3.09 in Aurora, IL today.

Fly320s · « **Reply #104 on:** October 15, 2008, 08:28:48 PM »

I saw $2.80 in the Southlake, TX area.

Josh Aston · « **Reply #105 on:** October 15, 2008, 08:36:55 PM »

$3.83 unless its dropped today.

Stetson · « **Reply #106 on:** October 16, 2008, 09:19:58 AM »

On my commute to work this morning -

$2.77 at Valero on I-20 and Seagoville Rd.
$2.25 at Fina off Hwy 175 and Jim Miller Rd (I think)
$3.05 at Exxon off 75 and Haskell exit (1a)

This is all in the Dallas area.

Saw $2.35 at the Valero in Forney. Hwy 80 and CR 740

Manedwolf · « **Reply #107 on:** October 16, 2008, 09:29:00 AM »

It's not going to be pretty if it gets below $2...

"WOOO! FILL THESE CANS, TOO...I NEED MORE CANS! DUMP OUT MY LATTE, FILL THAT CUP! FILL THE TRUNK! YES, FILL THE TRUNK!"

Ben · « **Reply #108 on:** October 16, 2008, 09:45:42 AM »

I'm getting a lot of enjoyment from people in my neck of the woods (remember I live in liberal land) who went all panicky (or else Eco-Hipster, I still can't figure out which one) dumping perfectly good and serviceable vehicles at fire sale prices so they could buy Priuseses and smart cars because gas was gonna be $100 a gallon.

Now they've both spent WAY more money on the loss from selling their old car and the price of buying a brand new one, than they would have spent putting $4 a gallon gas in their old car over ten years. Plus of course they've increased their carbon footprint by getting rid of a pretty new car to get a brand new car. I feel almost as smug as a Prius driver.

Sort of the reverse of "gas is cheap, I need an H3". People are funny. :)

Firethorn · « **Reply #109 on:** October 16, 2008, 09:50:30 AM »

Quote from: Manedwolf on October 16, 2008, 09:29:00 AM

"WOOO! FILL THESE CANS, TOO...I NEED MORE CANS! DUMP OUT MY LATTE, FILL THAT CUP! FILL THE TRUNK! YES, FILL THE TRUNK!"

And that reaction is why it's unlikely to actually get below $2.

As the price drops, people will stop conserving as much - they'll drive more again, stop batching trips, the market for SUVs will loosen, the market for hybrids will drop, etc...

K Frame · « **Reply #110 on:** October 16, 2008, 10:09:24 AM »

Finally dropped below $3.00 ($2.999) at one station in my neck of Fairfax.

Fjolnirsson · « **Reply #111 on:** October 16, 2008, 10:13:51 AM »

Holy Moly! Last night, headed out of town regular was at $3.29. Coming back 3 hours later, it had dropped to $3.09!!!

Gewehr98 · « **Reply #112 on:** October 16, 2008, 02:04:04 PM »

$2.97 here.

Dunno if it'll go any lower, but I see OPEC is holding meetings to get their profits back up again.

As JamisJockey already illustrated for us, there will be people thinking that the good times are back.

The local GMC dealership has a buttload of huge FSPs still sitting there, getting flat spots on their tires.

The prices on the windshields have been slashed several times, so maybe with the (temporary) drop in gas prices some will be suckered into buying them?

Don't care · « **Reply #113 on:** October 16, 2008, 02:17:16 PM »

Right now, $2.51 a gallon is the lowest in the Indianapolis area.

http://www.indygasprices.com/index.aspx?s=Y&fuel=A&area=All+Areas&tme_limit=48&site=Indy&srch=0&list=0

MillCreek · « **Reply #114 on:** October 16, 2008, 02:19:29 PM »

It has been less than a week from my first post. In that time, unleaded regular is now selling within the range of $ 3.17 to $ 3.30 per gallon. This is a drop of about 13 to 20 cents per gallon.

slingshot · « **Reply #115 on:** October 16, 2008, 03:42:54 PM »

In my area, the drop has been in the $0.50-$0.60 per gallon in the last week.

Northwoods · « **Reply #116 on:** October 16, 2008, 05:11:03 PM »

I got E10 for $2.979 at the ARCO in Sedro-Woolley on the way home from hunting yesterday. The ARCO nearest my house is ~$3.199 earlier today. All the other stations are running $0.10-30 higher.

cassandra and sara's daddy · « **Reply #117 on:** October 16, 2008, 05:34:08 PM »

Quote from: Manedwolf on October 16, 2008, 09:29:00 AM

It's not going to be pretty if it gets below $2...

"WOOO! FILL THESE CANS, TOO...I NEED MORE CANS! DUMP OUT MY LATTE, FILL THAT CUP! FILL THE TRUNK! YES, FILL THE TRUNK!"

and me with a 275 gallon tank sitting empty. plus a bunch of drums. i wonder if i have enough stabil

zahc · « **Reply #118 on:** October 16, 2008, 06:53:24 PM »

It's dropped nearly a dollar in the past week-and-a-half here. It was 3.43 not too long ago and it's 2.58 down the street now. I was going to fill up, but it keeps dropping, so I figure I'll do it later.

PTK · « **Reply #119 on:** October 16, 2008, 07:50:58 PM »

Quote

I was going to fill up, but it keeps dropping, so I figure I'll do it later.

Every single last person I've talked to in person has said essentially the same thing. I wonder if that's what keeps the price dropping...

Firethorn · « **Reply #120 on:** October 17, 2008, 04:22:05 PM »

Quote from: PTK on October 16, 2008, 07:50:58 PM

Every single last person I've talked to in person has said essentially the same thing. I wonder if that's what keeps the price dropping...

I figure that most people, even conserving, can't go more than a week or so between fillups. In my case, assuming a fillup becomes an option at a half tank down to E, that's a difference of only a couple days.

I think the real reason is that a number of wells ended up opening/increasing production due to the high price motivating companies to do it, plus the price shock actually got americans conserving gasoline. Demand dropped, supply levels rose, natural economic controls drop the price.

- Filled up at $2.89 two days ago, was $2.99 that morning, now it's $2.79.

PTK · « **Reply #121 on:** October 17, 2008, 04:43:50 PM »

$2.90 now.

K Frame · « **Reply #122 on:** October 17, 2008, 06:25:11 PM »

$2.89 at the station near my house. That's the lowest I've seen in Fairfax so far.

"I figure that most people, even conserving, can't go more than a week or so between fillups."

Now that my job is so close to my house (about 2.75 miles one way), a full tank of gas can last me nearly a month depending on how much extra running around I do.

PTK · « **Reply #123 on:** October 17, 2008, 09:03:27 PM »

$2.87/gal. I went ahead and filled my (only half-empty) tank back up.

zahc · « **Reply #124 on:** October 19, 2008, 11:03:15 AM »

I finally filled up at $2.49 yesterday. What a relief! It was only $25 to fill up my car.

News:

Author Topic: Gasoline: How low will it go? (Read 69895 times)