Gas $1.99/gallon this morning!!

Discussion in 'Gen 2 Prius Main Forum' started by efusco, Oct 27, 2008.

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  1. malorn

    malorn Senior Member

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    It will be interesting to see who is the first to pay less than $1.00/gallon for gas. Who would have thought (not even me) 4 or 5 months ago.
     
    #81 malorn, Nov 19, 2008
  2. efusco

    efusco Moderator Emeritus
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    With OPEC limiting how much they're pumping/selling and with the amount of tax on a gallon of gas I just can't imagine prices going much lower than they already are...and certainly not as low as $1/gallon.

    But, as you say, it's hard to believe it's as low as it is now...$1.74 here right now....crazy.
     
    #82 efusco, Nov 19, 2008
  3. qbee42

    qbee42 My other car is a boat

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    For those wondering about the real reason that gas prices have dropped, I need to point out that my wife and I recently completed a nearly 5,000 mile road trip - right before gas prices started to drop.

    We knew that we had power over the real estate market, but we didn't realize we could do the same for gasoline. Our motto has always been "Buy high, sell low!"

    Tom
     
    #83 qbee42, Nov 19, 2008
  4. Celtic Blue

    Celtic Blue New Member

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    Saw $1.48 and then $1.45 at several stations today, but didn't need any gas. The stock market hit a new 5 year low with no bottom in sight. Seems to correlate pretty well.
     
    #84 Celtic Blue, Nov 20, 2008
  5. jorgeez

    jorgeez New Member

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    I am really beginning to wonder what's the whole reason behind this sudden drop of petroleum prices. I mean just 2 months ago, the price of gas is really high, and now the sudden drop. Uhmmm....
     
    #85 jorgeez, Nov 20, 2008
  6. malorn

    malorn Senior Member

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    The bottom is falling out of demand, supply is relatively inelastic, so the price drops.
     
    #86 malorn, Nov 20, 2008
  7. lesturner

    lesturner Taming the Dragon - Tennessee

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    $1.59 a gallon this morning in Northern Indiana....

    If only home heating would drop proportionately... Expecting 8-12 inches of snow by tomorrow morning....

    Les ---
     
    #87 lesturner, Nov 20, 2008
  8. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    i got gas at Costco on Tuesday. it was $2.079 before my 3% discount...dont see cash back until Feb..so dont really count it... but still gets me 4.22 cents per mile... that is summer 2005 numbers!!... all time low for my 2006...had a few in the high 3's with my 2004 but that was waay back when i first started this Prius thing over 4 years ago!!
     
    #88 DaveinOlyWA, Nov 20, 2008
  9. jayman

    jayman Senior Member

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    Yes, there is now a snowball effect on the global economy. We're teetering right on the edge of a cliff. It won't take much to fall off now, and if that were to happen, the last thing you'll piss and moan about is if GM gets taxpayer-backed loans

    Only those who were raised in the Great Depression can understand what is about to happen. The rest of us lived in a Golden Age of Cheap Credit, zero responsibility for our actions, and relatively benign foreign events.

    Oh well, sometimes a good smack in the face is what we need to get real again
     
    #89 jayman, Nov 20, 2008
  10. Bruce Nyhlen

    Bruce Nyhlen Junior Member

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    In Grand Forks ND we are getting it for $1.88 this morning.
     
    #90 Bruce Nyhlen, Nov 20, 2008
  11. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    my Dad (a 2007 Pri owner... and yes i talked him into it!!) just arrived yesterday for the holidays from Mission, Texas (about a stones throw from the Rio Grande) and gas was $1.67 a gallon when he left
     
    #91 DaveinOlyWA, Nov 20, 2008
  12. avocadoman1

    avocadoman1 Member

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    COSTCO - Temecula, CA (near L.A./SanDiego) @ $1.99 today.
    Minus the 5% Business Member Rebate = $1.89 NET.

    This is very wierd...
    Meanwhile, the DowJones is under 8K.
    My 401K sucks :Cry:
     
    #92 avocadoman1, Nov 20, 2008
  13. malorn

    malorn Senior Member

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    Good chance it will drop below 7500 by 4:00 pm central today!
     
    #93 malorn, Nov 20, 2008
  14. Celtic Blue

    Celtic Blue New Member

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    Wife saw $1.37 today, but it was $1.39 at the stations I passed.
     
    #94 Celtic Blue, Nov 21, 2008
  15. tripp

    tripp Which it's a 'ybrid, ain't it?

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    That's about where we are here in the Denver Metro.
     
    #95 tripp, Nov 21, 2008
  16. TJandGENESIS

    TJandGENESIS Are We Having Fun Yet?

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    #96 TJandGENESIS, Nov 22, 2008
  17. Tdoff1

    Tdoff1 New Member

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    $1.58 in VA yesterday...nice
     
    #97 Tdoff1, Nov 22, 2008
  18. spitinuri

    spitinuri Member

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    $1.54/gal. Mid Missouri
     
    #98 spitinuri, Nov 23, 2008
  19. kgmm

    kgmm New Member

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    $2.05 still, here in parts of Marysville, Washington (north of Seattle), yet gas is $1.79 in Kingston, which is 40 miles farther away from our Anacortes refinery site, clear across the sound, requiring the tanker trucks to have either ferried across or to have driven around....

    Nice.

    But hey, that's just how it is in Washington State.
    Urban areas with high demand pay the higher prices....

    :mad:If you drive across any of the three closest mountain passes, and hit into rural eastern-washington, then gas drops .30c on average...
     
    #99 kgmm, Nov 23, 2008
  20. efusco

    efusco Moderator Emeritus
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    Saw a $1.45 in Kansas City today, paid $1.50 in Nixa yesterday.
     
    #100 efusco, Nov 23, 2008
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