GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Survey: U.S. gas prices now lowest since January	Post a Reply Back to Topics

DaddyRock Champion Author Toms River Posts:36,061 Points:481,615 Joined:May 2011	Message Posted: Jun 26, 2012 9:43:19 AM Ignore DaddyRock Report Abuse The price of a gallon of regular-grade gasoline is now the lowest it has been since Jan. 23 across the country. It is $3.43 a gallon, down another 9 cents this week, the 12th straight week of declines in the government's recent weekly survey. This week also marks the first time gas has slipped below $3.50 a gallon in the the Energy Information Administration's survey since February. What's more, the decline comes at an unusual time: The summer driving season has just begun, traditionally the time when gas prices are highest. Prices for regular gas are now 13.7 cents below the same week last year. USA TODAY reported Friday that prices could fall below $3 a gallon by Halloween -- and just before the presidential election. Production is up, and inventories are at a 21-year high. Visit USA Today for full article

DaddyRock

Champion Author
Toms River

Posts:36,061
Points:481,615
Joined:May 2011

Message Posted: Jun 26, 2012 9:43:19 AM

Ignore DaddyRock Report Abuse

The price of a gallon of regular-grade gasoline is now the lowest it has been since Jan. 23 across the country. It is $3.43 a gallon, down another 9 cents this week, the 12th straight week of declines in the government's recent weekly survey.

This week also marks the first time gas has slipped below $3.50 a gallon in the the Energy Information Administration's survey since February.

What's more, the decline comes at an unusual time: The summer driving season has just begun, traditionally the time when gas prices are highest. Prices for regular gas are now 13.7 cents below the same week last year.

USA TODAY reported Friday that prices could fall below $3 a gallon by Halloween -- and just before the presidential election. Production is up, and inventories are at a 21-year high.
Visit USA Today for full article

REPLIES (newest first)Ignore Short Messages

NanaNJNJ Veteran Author New Jersey Posts:280 Points:56,025 Joined:May 2012	Message Posted: Jun 27, 2012 11:03:57 AM Ignore NanaNJNJ Report Abuse What's the holdup? Let's go lower!
BEGTWO Champion Author Maryland Posts:1,947 Points:724,515 Joined:Sep 2010	Message Posted: Jun 27, 2012 8:52:29 AM Ignore BEGTWO Report Abuse GREAT!!!!!
remay Champion Author Houston Posts:6,968 Points:2,117,615 Joined:May 2006	Message Posted: Jun 27, 2012 8:36:48 AM Ignore remay Report Abuse "just before the presidential election" Coincidence?
jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Jun 27, 2012 6:16:41 AM Ignore jrs4125 Report Abuse We will see..... after the election
bwatchingu Champion Author Arkansas Posts:1,740 Points:601,520 Joined:Jan 2009	Message Posted: Jun 26, 2012 5:06:00 PM Ignore bwatchingu Report Abuse Still 2X the price of 4yrs ago.$3 gas don't impress me.
K9LO Champion Author North Dakota Posts:2,685 Points:543,980 Joined:Nov 2010	Message Posted: Jun 26, 2012 4:34:37 PM Ignore K9LO Report Abuse Not in Minot, ND. They went up!! What is happening here???
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Jun 26, 2012 4:16:49 PM Ignore clpassenubye Report Abuse good
PurplepassionNC All-Star Author North Carolina Posts:838 Points:157,310 Joined:Mar 2012	Message Posted: Jun 26, 2012 4:09:03 PM Ignore PurplepassionNC Report Abuse Today I paid 2.98 a gallon at Hess. I am so excited. Every day gas prices have been going down in this area.
TruthMatters Champion Author New Jersey Posts:2,520 Points:534,735 Joined:Oct 2011	Message Posted: Jun 26, 2012 2:42:03 PM Ignore TruthMatters Report Abuse Good news for everybody!
voyagerkim All-Star Author Los Angeles Posts:620 Points:172,860 Joined:Oct 2011	Message Posted: Jun 26, 2012 1:33:01 PM Ignore voyagerkim Report Abuse Thank you. . .
mastermariner Champion Author Texas Posts:4,248 Points:493,905 Joined:Jun 2011	Message Posted: Jun 26, 2012 1:04:34 PM Ignore mastermariner Report Abuse Good for Obama
drpepperTX Champion Author Texas Posts:8,945 Points:752,210 Joined:Apr 2011	Message Posted: Jun 26, 2012 12:45:16 PM Ignore drpepperTX Report Abuse However, Oblame-a's reign over the longest period in US history of gasoline prices ABOVE $3.00 remains intact since Dec 27, 2010. That's 98 weeks and counting folks. Now Bush on the other hand, when faced with gasoline over $4.00, never saw a stretch of over $3.00 gasoline last more than 34 weeks and the price was down to a national average of $1.59 the week of DEC 29, 2008.
HorizonChaser Champion Author Montgomery Posts:1,984 Points:455,810 Joined:Dec 2011	Message Posted: Jun 26, 2012 12:44:05 PM Ignore HorizonChaser Report Abuse When they get below $2/gallon, then we can start to breathe easy again.
schatzila Champion Author Los Angeles Posts:4,949 Points:1,016,620 Joined:Jun 2010	Message Posted: Jun 26, 2012 11:58:08 AM Ignore schatzila Report Abuse big whoops. Not low enough for me.
Van_Halen Champion Author Atlanta Posts:2,850 Points:641,980 Joined:Apr 2011	Message Posted: Jun 26, 2012 10:03:31 AM Ignore Van_Halen Report Abuse . Had to do a survey to see that? Pretty poor reporting or a slow news day!
mossimo36 Champion Author St. Louis Posts:2,665 Points:497,725 Joined:Sep 2011	Message Posted: Jun 26, 2012 9:59:56 AM Ignore mossimo36 Report Abuse Good!
LostInNY Champion Author New York Posts:1,721 Points:648,045 Joined:Apr 2011	Message Posted: Jun 26, 2012 9:54:33 AM Ignore LostInNY Report Abuse Yes unusual time of year except for the fact that there's a presidential election in November...
2011370Z Champion Author Phoenix Posts:5,959 Points:683,080 Joined:Apr 2011	Message Posted: Jun 26, 2012 9:53:36 AM Ignore 2011370Z Report Abuse I like it!
MontanaMac Champion Author Washington Posts:1,736 Points:410,050 Joined:May 2011	Message Posted: Jun 26, 2012 9:52:51 AM Ignore MontanaMac Report Abuse Oversupply and demand destruction; enjoy it while you can.
humblepie Champion Author Toledo Posts:34,231 Points:2,372,120 Joined:Mar 2006	Message Posted: Jun 26, 2012 9:50:49 AM Ignore humblepie Report Abuse how thrilling
mountainrider7 Sophomore Author New York Posts:208 Points:149,165 Joined:Mar 2012	Message Posted: Jun 26, 2012 9:49:55 AM Ignore mountainrider7 Report Abuse finally !
Norm10 Champion Author British Columbia Posts:3,342 Points:162,925 Joined:Dec 2010	Message Posted: Jun 26, 2012 9:48:48 AM Ignore Norm10 Report Abuse Not around here!
fuel2use Champion Author Seattle Posts:3,488 Points:733,325 Joined:Dec 2010	Message Posted: Jun 26, 2012 9:48:05 AM Ignore fuel2use Report Abuse Good to see prices coming down.
joshft91 Rookie Author Minnesota Posts:4 Points:2,330 Joined:Jun 2012	Message Posted: Jun 26, 2012 9:46:29 AM Ignore joshft91 Report Abuse It's a start. 3.45 where I'm at...trying to decide if I should fill up or wait a couple more days.
physed Champion Author Lancaster Posts:4,602 Points:373,460 Joined:Mar 2012	Message Posted: Jun 26, 2012 9:46:08 AM Ignore physed Report Abuse Keep dropping!
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Jun 26, 2012 9:44:56 AM Ignore JCI46009IN Report Abuse Great news, isn't it!