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Locally we went down to $2.17 .... then jumped to $2.47 (earlier this week)
I haven't seen a local (in town) station have below $2/gal, YET !!
I have "Gas Buddy" website on my computer and will drive a few miles out of my way to save a couple of dollars on a fill up. Truck runs best on Shell, but does OK on Marathon, and absolutely hates Speedway or Thortons !! Has to be the additives (or lack of) since all local gas is from Marathon Oil.
... cp :kewl
1.92 here today
Bouncing between $1.79 and $1.89 here in SC. It will slowly go down a penny at a time, then jump ten cents overnight. It is cheaper in the upstate areas of SC and more expensive around beach or metro areas.
Diesel is 2.09 here in Houma and regular is 1.87.
"gene'
About 50 miles North of Houston seen $1.74 and further south a lot of $1.85
The thousands of folks who have been laid off over this in the oil and gas business appreciate this for sure.
So we should want high gas prices so people don't get laid off?
Fairfield Alabama $1.83/gallon
Cheapest I ever saw was just 13 cents a gallon in 1970 in Wichita Kansas when I lived there.
We don't want low gas prices or do we want high gas prices, what we need is fair gas prices. Traders (speculators) are mostly the blame for the prices. They create bubbles of high prices and that can only go on as long as others keep jumping on. This causes produces to try to produce more to collect on the higher prices and sooner or later consumers to back off on buying and this soon leads to a large stockpile. The bubble burst and down comes the prices and then the production and then the jobs. And like always, it over corrects. It will stay at this low price until all the surplus is sold and there is a need to pick up production. As production rises to cover the inventory need the prices go up and the jobs returns. I've been in oilfield related business since the 70's and have seen this cycle repeated several times and have always been prepared for them by knowing that the high prices and high wages would one day go away. It's not the shortage or oil or the abundance of oil that drives the markets, it the traders. They continue to make money while the markets are rising and try to push it up, but when the bubble burst they quickly change their position to selling and make money also while the markets plummet. Since the markets many times fall faster than they rise, traders can make a bundle in a short time by shorting the market.
Wishing everyone the best and pray for stable prices.
"gene"
I agree with PPG, what we need is fair gas prices!!