Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Report Your Local Gas Prices Here (retired discussion, please see the new one)
This discussion has been closed.
Comments
Load up a tanker and bring me some of that inexpensive gas.
Rocky
Just as sure as the Chicago Bears were artificially high on themselves against Seattle the other night and will fall hard when reality sets in for them(that Seattle is overall the better football team)ghastly prices will not drop below $2.00/gal, U.S.average-wise.
$2.29/gal for 87 no-lead in little 'ole Willcox, Arizona yesterday afternoon(at the lowest price in town, Mustang).
2021 Kia Soul LX 6-speed stick
What a pessimist.
Gas is already at a US average of $2.295, which is down nearly $0.45 from just one month ago.
http://www.fuelgaugereport.com/
Heck, we're still a month away from the elections!
Maybe we should see who can get the closest to predicting the date when the National Average dips below the $2 mark.
To make imidazol happy, I'll pick November 6 (day before election day) as the day the National average drops below $2 for regular.....
I didn't say that the bottom would occur on Novemeber 6.
Besides, since I don't know the complete supply/demand picture, it's difficult to predict when it will start going back up.... :P
Your turn......
"I didn't say that the bottom would occur on Novemeber 6"
Neither did I...if people are conned into voting one way, maybe it will fall a little extra as a reward...if not, maybe it will rise on idle speculation or an imaginary threat. Wouldn't be the first time.
I have to give you kudos fintail - at least you're consistent...
"...maybe it will fall a little extra as a reward..."
A benevolent conspiracy? Don't those fall into the same category as unicorns?
"...an imaginary threat."
Seems to be a lot of that going around.
BTW - latest scuttlebutt is that the GOP will PICK UP at least 30 seats in the House this go 'round. Afterall, if they rigged the '04 elections (and apparently got away with it) what's to stop it from happening again?
Like any party has a monopoly on voter fraud ... I miss my days in St. Louis City when I was offered my free ride to the polls, free lunch, free beer all night long on election night, and by the way, do you have a job?
Or later, having to meet with the Missouri state judge supervising the elections in 1986 and 1988 in St. Louis when the locals claimed "You already voted." when I arrived at the polls at 7 am. Egads. But what do you expect when the polling officials are in their 70s and 80s?
heyheyhey c'mon now......I'll have you know it's at 40%.
2014 Malibu 2LT, 2015 Cruze 2LT,
" Don't those fall into the same category as unicorns? "
Not at all...some people are so desperate, they will stop at nothing. The con will have to end sometime.
Nah, they just rigged it in 00 and then blinded the braying masses with hallucinations of fear and faith.
That free gas idea might actually be relatively true. If things don't shape up, desperate moves of some kind will be necessary for some less than honorable people.
"Hypothetical question. If gas prices start rising prior to election day would you admit that your theory was wrong?"
Yeah sure, gas prices could rise before the election...money hungry 'brave from home' blowhards might be too busy protecting their teenage boy-chasing friends to keep an eye on their bottom line. Or a new terror threat could be invented, a new supply "crisis" could develop, and so forth. Certainly all legitimate market forces, certainly not the regime with the largest ties to big oil trying to save a sinking ship.
After Novemember, if it goes the wrong way we will all be driving Prius's. :sick:
Rocky
15 miles away in Abbeville, SC $2.05 at Shell & BP
OPEC announced a 1 million barrel per day cut in production. Gas prices may be pretty close to bottoming out.
Rocky
It will be interesting to see if they all comply. With the price dropping they will be losing even more by cutting production. You know that Iraq will continue improving on their production. I don't think that OPEC has the clout they once had. They also get used to the big bucks flowing in. Saudi has said they are happy with $40 oil. I am sure several of the old Soviet satellite countries would love to sell more oil. Russia is improving their oil infrastructure and willing to sell. Brazil is in the middle of a big new oil boom. The one thing $60 oil has done is boost exploration. And it has paid off. The activity in the Alaska oil field has not been this high since the pipeline was built in the 1970s. If all the other prices that have gone up due to over priced oil will just come back down it would help keep the economy rolling. I know the stock market likes the trend. Makes me want to buy a bigger PU while the prices are good.
Rocky
OPEC has said $60 per barrel is the price they will defend. I'd not doubt their ability to pull it off.
No change in USA Average since yesterday - Still sits at $2.28 and lowest USA price is still Jackson MO at $1.83.
Maybe not in the US average. At the ARCO near me it was $2.47 in the morning, $2.45 at noon, and $2.43 at 5 PM. I think we will see $2 gas in CA. That will bring the national average down to about $1.70. I say by Thanksgiving. Any other prognosticators out there?
Saudis said they were happy with $40 oil BEFORE it hit $78.40 my friend.
Do you have any data to backup the $78.40 Saudi Oil? The OPEC price peaked at $58.45 according to their website. It is at $54.19 as of yesterday.
Correction: OPEC peak in August was $71.72. too much data to sort through.
By Alex Lawler
LONDON (Reuters) - Oil jumped a dollar to above $60 on Thursday after OPEC officials said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices.
Top world exporter Saudi Arabia will lower production by 300,000 barrels per day as part of the plan, an OPEC delegate said. Oil has slid from a peak of $78.40 in July, alarming OPEC, partly due to brimming inventories.
Dateline 10-5-2006: Oil jumps on OPEC production cut
So much for OPEC's supposed "lack of power" eh Gary?
That is where I disagree. The one ingredient left out in the conversation is investment by OPEC countries. I know Saudi has huge amounts of that oil money invested in the USA. It is to their advantage for us to prosper. The only ones really pushing for keeping the price high are the wacko leaders that think they can bring the US government to their knees. It will take more than one disgruntled dictator to stop the juggernaut.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
me: Yes, it is also not plausible because it is not U.S. oil companies on U.S. territory where the oil is coming from.
Oil going to market is coming from foreign countries such as Iran, Venezula, Canada, Mexico, Nigeria ... many of which have no particular love for the current administration. Any oil exporting country wants to keep a fairly high price; though as I mentioned before countries such as saudi Arabia with a great deal invested in corp. throughout the world do not want to throw the global-economy into recession.
I think a lot of people here should consider that the U.S. and "US" are not the whole issue. We are but 5% of the global population, and use 25% of the oil. We are not the omnipotent controller of the flow, cost, or eventual consumption of oil. If the U.S. stopped using oil tomorrow - shutting down all transport and industry, the world would adjust, and other countries would take our place.
China and India will be the main factors in what happens in the coming decades, affecting all resources and economies.
Oil Production Cut
By work the prices ticked down as well, to $2.319.
The Gas City is still holding @ $2.45 for 87, $2.159 for E85
2014 Malibu 2LT, 2015 Cruze 2LT,
Still holding at $2.15 for 87 in central VA. I see on the local TV station's website that a nearby town (but off my general travel route) has 2 places as low as $1.79.
I haven't found ANY areas that have the yo-yo price fluctuations like SW Ohio.
You'd think one of the local TV-news consumer affairs crusader-types would have done a story on this a long time ago...... :confuse:
The only breaker here seems to have been Murphy (Walmart, Sams) that didn't go up the last week for the "restoration" price nor has it gone up today, yet...
Swifty which I consider a trash mix brand and a couple others won't go up right away and sometimes not as much.
After years, decades, of watching prices collectively rise on Thursday morning, with some variations, and now settling into that pattern after a year of variation after katrina, the only conclusion has to be something that shouldn't be happening in business is happening.
Our friends right next to freeway in TN (Smyrna) were amazed because their pricing there goes up 1 or 2 cents at a time and doesn't have radical changes, other than the Katrina rises.
2014 Malibu 2LT, 2015 Cruze 2LT,
When I drove back to my home town of Pittsburgh, I always tried to stop at an Omega station off I-70, just east of I-75 near Dayton, Ohio (your neck of the woods). The lowest I paid, IIRC, was 50.9 cents! The station still was there last summer, but now is a Shell.
I generally don't use such places today, because the name brands are about the same price anyway.
The Omega (boy I had to think hard to remember that) is now closed. I don't know if they're going to rebuild the Shell. There's a newer Shell about 1/4 mi south off I70. But both had big traffic volumes because of I70.
Another Shell at Ex 27 may have been Omega long ago and then Amoco just closed also. Maybe they're rebuilding both. prime locations. Or is Shell reducing station numbers?
Remember Thornton? Bay? Bonded?
Some stations haven't gone to $2.19. Murphy raised to $1.99 so that says other stations will hold their price tomorrow and then start lowering downward since about 1/3 haven't gone up all the way to $2.19
2014 Malibu 2LT, 2015 Cruze 2LT,
2021 Kia Soul LX 6-speed stick
Speedway: was $2.299, now $2.399
Citgo: was $2.279, now $2.349
BP: was $2.289, now $2.329
Shell: was $2.299, now $2.349
Luckily the Meijers, Speedway and another station by me is still selling petrol for $2.279, $2.269 & $2.289 respectively.
And this article is the icing on the cake:
Gas Prices
There's a website, http://www.marylandgasprices.com, which shows a summary of the lowest and highest prices in Maryland. Interestingly, while prices local to me keep edging down, the lowest prices in Southern Maryland seem to have stalled. For awhile the lowest dipped to about $1.97 per gallon, but today I'm seeing a lot of $2.02's. I guess that makes sense though, as it can only go so low. However, the highest prices, in affluent Montgomery County nearer the DC line, seem to be dropping still. I had been seeing a lot of $2.79's, but now the highest is $2.59.