|
Post by unlawflcombatnt on Dec 10, 2008 2:23:52 GMT -6
I just gassed up at a Chevron station in Anaheim, California for $1.69/gallon.
This is quite a drop from the $4.00+/gallon last year. Is everyone else seeing the same drop in gas prices?
|
|
|
Post by judes on Dec 10, 2008 19:09:12 GMT -6
Yes, it's the same in Michigan. A couple of days ago I saw it for $1.49 at the Admiral station. Much better than the almost $5 it was at not too long ago.
|
|
|
Post by unlawflcombatnt on Dec 14, 2008 2:05:24 GMT -6
Now I've seen it for $1.65/gallon 3 different times at several mainstream stations (Chevron, Mobil, & Exxon). One off-brand had it for $1.59/gallon.
Could it be heading for less than $1.00/gallon ??
|
|
|
Post by jeffolie on Dec 14, 2008 11:37:26 GMT -6
A minor but overlooked cause for the reduced gasoline demand is the retirements. Since I retired early ten years ago, my households' mileage has dropped 2/3. An obvious cause for reduced gas consumption are the unemployed, under employed, and those who have dropped out of the workforce.
A well established seasonal trend for gas consumption remains for a low point in Febuary and a high price point in late May to early June. Part of the high price point is the conversion of winter gas formulation over into summer gas formulation combined with better driving conditions leading to recreational use.
|
|
|
Post by agito on Dec 14, 2008 16:37:59 GMT -6
prices are already starting to go back north- it's now $ .04 more expensive than it was last week here in kentucky (visiting family). but that might be a temporary fluctuation. I highly doubt it will go to 1.00- and if it does - it won't stay there long as people up their consumption
|
|