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GasBuddy News Article

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How low can gas prices go?

2.highlandstoday.com -- There's good news at the convenience store pump: Labor Day is over, which traditionally means gasoline prices will go down.
The national average price for gasoline has been falling through August, when it usually rises..

Now the crucial question: how low will it go?
A plunge in wholesale gasoline prices earlier this month continues to push down prices at the pump, PFGBest analyst Phil Flynn told the Associated Press. Gasoline supplies are nearly 12 percent above the five-year average, and demand is below pre-recession levels.

"We're going into the weakest demand period of the year, Typically, after Labor Day,.. demand drops and refineries begin a maintenance period as they.. prepare the switch..from the summer blend fuel to the winter blend. The winter blend fuel is less expensive

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Submitted Sep 09, 2010 By: teafortwo

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teafortwo Champion Author Washington Posts:15,335 Points:923,215 Joined:Feb 2009	Message Posted: Sep 11, 2010 5:03:47 PM Ignore teafortwo Report Abuse The lower and the faster the better .... So that our transportation money that has been claimed by BIG GREED OIL for far too long can flow back into other parts of the economy ... for things like food and clothing and household necessities and maybe even a little fun like travel to visit friends and family .. or how about a little movies and music and let US not forget our neglected personal medical needs. Seems like just about everyone in this country is running on a tight budget except the BIG GREED industries and crooked politicians ... they make sure the loopholes, subsidies and tax breaks are in just the right place to keep the BIG GREED profit margins extra plump.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Sep 11, 2010 4:40:49 PM Ignore honda0105 Report Abuse Pathfinder: try PIG BANKS first and foremost, followed by Specutraitors.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Sep 11, 2010 4:40:20 PM Ignore honda0105 Report Abuse how low? a lot lower were it not for price fixing.
PathfinderSC Champion Author South Carolina Posts:7,165 Points:1,365,980 Joined:Mar 2008	Message Posted: Sep 10, 2010 4:08:13 PM Ignore PathfinderSC Report Abuse How low can it go? Not near what it should be. Big oil will do anything to keep it up. [Edited by: PathfinderSC at 9/10/2010 4:11:00 PM EST]
jjjleblanc Champion Author Rochester Posts:4,349 Points:1,100,475 Joined:Jun 2008	Message Posted: Sep 10, 2010 10:43:36 AM Ignore jjjleblanc Report Abuse Weak demand period with weak economy. It should be lower.
TripleHs Champion Author Austin Posts:1,305 Points:493,555 Joined:Oct 2009	Message Posted: Sep 10, 2010 10:40:56 AM Ignore TripleHs Report Abuse for us, the lower the better
TripleHs Champion Author Austin Posts:1,305 Points:493,555 Joined:Oct 2009	Message Posted: Sep 10, 2010 10:40:24 AM Ignore TripleHs Report Abuse almost meaningless ... everyone's guess
LeftLane1 Champion Author Georgia Posts:9,233 Points:1,399,820 Joined:May 2007	Message Posted: Sep 10, 2010 8:20:43 AM Ignore LeftLane1 Report Abuse not low enough
rtw777 Champion Author Florida Posts:7,033 Points:1,375,450 Joined:Jan 2008	Message Posted: Sep 10, 2010 7:43:18 AM Ignore rtw777 Report Abuse Is this post done?
rtw777 Champion Author Florida Posts:7,033 Points:1,375,450 Joined:Jan 2008	Message Posted: Sep 10, 2010 7:42:26 AM Ignore rtw777 Report Abuse Don't think gasoline prices will go under $2 ever again.
hubcapLA Champion Author Louisiana Posts:2,559 Points:663,605 Joined:Apr 2009	Message Posted: Sep 10, 2010 1:12:51 AM Ignore hubcapLA Report Abuse This is all old news.
roadrunnerMO Champion Author Kansas Posts:5,991 Points:1,233,260 Joined:Jul 2008	Message Posted: Sep 10, 2010 1:12:44 AM Ignore roadrunnerMO Report Abuse They can go one hell of a lot lower. But washington lawmakers are in cahoots with oil companies so such will not happen. All bought and paid for.
250FORD Champion Author Minnesota Posts:8,265 Points:1,303,335 Joined:Feb 2007	Message Posted: Sep 10, 2010 1:12:27 AM Ignore 250FORD Report Abuse It should be quite a bit lower but I noticed that it is going up on here.
djgunrunner Champion Author Salt Lake City Posts:7,591 Points:1,887,920 Joined:Apr 2005	Message Posted: Sep 10, 2010 1:08:21 AM Ignore djgunrunner Report Abuse I keep hearing about this rubbish of low gas prices earlier this month. I live in the Salt Lake County area in Utah and I am hear to tell you that the prices have gone up by at least 5 cents in the 2300 East area around 3300 S. They like to raise up, drop down and then raise up again so maybe they did go down. The prices went up for the holiday and have not moved down one little bit. It was gouging that took them up and it is greedy gouging that keeps them up. So don't wet my leg and tell me its raining.
AuburnTim Champion Author Indiana Posts:5,704 Points:1,285,990 Joined:May 2005	Message Posted: Sep 10, 2010 1:06:14 AM Ignore AuburnTim Report Abuse With current corruption in our government and big business in this country it won't go below $2.50 at the pumps and below $70 a barrel.
RedRam2005 Champion Author San Antonio Posts:5,696 Points:1,057,810 Joined:Dec 2007	Message Posted: Sep 10, 2010 1:05:37 AM Ignore RedRam2005 Report Abuse not low enough
probedude2 Champion Author Akron Posts:10,174 Points:1,913,305 Joined:Jun 2003	Message Posted: Sep 10, 2010 1:03:47 AM Ignore probedude2 Report Abuse not much lower
52MPG Champion Author Dayton Posts:4,909 Points:1,277,505 Joined:Apr 2006	Message Posted: Sep 10, 2010 1:03:35 AM Ignore 52MPG Report Abuse Economic realities say prices should go down. lets see if it happens.
clww Champion Author Virginia Beach Posts:38,987 Points:1,156,335 Joined:Nov 2008	Message Posted: Sep 10, 2010 1:01:43 AM Ignore clww Report Abuse Not as low as I'd like to see...under $1 per gallon.
NOTSOGRN Champion Author Michigan Posts:1,282 Points:1,083,115 Joined:Dec 2007	Message Posted: Sep 10, 2010 12:54:45 AM Ignore NOTSOGRN Report Abuse Fingers crossed.
Rt118E Champion Author Pennsylvania Posts:6,709 Points:906,410 Joined:Jun 2009	Message Posted: Sep 10, 2010 12:48:59 AM Ignore Rt118E Report Abuse For me a lot lower!
paulg72 Champion Author Boston Posts:1,558 Points:544,125 Joined:Apr 2010	Message Posted: Sep 10, 2010 12:47:06 AM Ignore paulg72 Report Abuse A couple stations went down today 2 cents but its a start
Rageagainsttm Champion Author Tampa Posts:6,009 Points:1,447,195 Joined:Jul 2007	Message Posted: Sep 10, 2010 12:39:24 AM Ignore Rageagainsttm Report Abuse I don't see them going any lower. I have seen them being jacked up a little. No surprise there.
vulcan96 Champion Author Ohio Posts:21,169 Points:2,639,595 Joined:Aug 2004	Message Posted: Sep 10, 2010 12:34:42 AM Ignore vulcan96 Report Abuse a BIG drop , say another 55 cents would help the recession
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Sep 10, 2010 12:33:38 AM Ignore bigreddwg Report Abuse we worry about a few cents here and there...that speculators control both our lives and the prices we have to pay!! doesn't anyone remember what we - the gas buying public - did in 2008?? when we protested prices and boycotted stations we were able to drive prices down as low as $1.50 gal. in many places, so why can't it be done again??? don't wait, JUST DO IT!!!
planetmail Champion Author Calgary Posts:4,113 Points:832,785 Joined:Jan 2009	Message Posted: Sep 10, 2010 12:28:36 AM Ignore planetmail Report Abuse How low can gas prices go? Surprise me!
Quick68 Champion Author Columbus Posts:4,837 Points:758,900 Joined:Dec 2009	Message Posted: Sep 10, 2010 12:27:15 AM Ignore Quick68 Report Abuse The price of gas will not go down.
Maintroll Champion Author Lexington Posts:6,281 Points:1,236,685 Joined:Aug 2008	Message Posted: Sep 10, 2010 12:25:27 AM Ignore Maintroll Report Abuse Last winter the prices went up and stayed up all winter while there were cheaper during the summer months.
uptherefiners Champion Author Chicago Posts:3,318 Points:683,120 Joined:Jun 2006	Message Posted: Sep 10, 2010 12:24:38 AM Ignore uptherefiners Report Abuse lower till after the Nov elections
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Sep 10, 2010 12:24:05 AM Ignore Scotty99QC Report Abuse Someone is writing stories.
must87searcher Champion Author Maryland Posts:6,665 Points:1,315,345 Joined:Apr 2008	Message Posted: Sep 10, 2010 12:22:58 AM Ignore must87searcher Report Abuse Of all the stations, except one, I have seen today, the price has either stayed the same or gone up a couple of cents.
fuelconscious Champion Author Los Angeles Posts:2,082 Points:538,870 Joined:Jan 2008	Message Posted: Sep 10, 2010 12:22:32 AM Ignore fuelconscious Report Abuse Price of gas needs to go down more
defcon7 Champion Author St. Louis Posts:1,557 Points:197,525 Joined:May 2009	Message Posted: Sep 10, 2010 12:19:48 AM Ignore defcon7 Report Abuse Well gas prices just spiked 27 cents in the last 12 hours, so anywhere going down would be nice! Yesterday it got down to 2.42 before it went up to 2.69. I knew I should have bought last night. Missed it by that much!
rxman1 Champion Author Toledo Posts:7,001 Points:1,397,270 Joined:Nov 2007	Message Posted: Sep 10, 2010 12:17:57 AM Ignore rxman1 Report Abuse Prices should go down but as we all realize prices don't always do what we expect.
Fitwit Champion Author Stockton Posts:4,361 Points:943,495 Joined:May 2009	Message Posted: Sep 10, 2010 12:16:19 AM Ignore Fitwit Report Abuse Basement: accessories. Going down.
goldilox88 Champion Author Montreal Posts:4,059 Points:1,000,000 Joined:Jun 2008	Message Posted: Sep 10, 2010 12:15:58 AM Ignore goldilox88 Report Abuse Not low enough. Not soon enough.
altonb1 Champion Author Pennsylvania Posts:6,895 Points:1,054,645 Joined:Jul 2005	Message Posted: Sep 10, 2010 12:13:53 AM Ignore altonb1 Report Abuse prices jumped 6-cents from Mon to Tues, and prices have remained stable since.
REKEY Champion Author South Carolina Posts:6,211 Points:1,234,555 Joined:May 2008	Message Posted: Sep 10, 2010 12:13:00 AM Ignore REKEY Report Abuse It started to climb already!
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 10, 2010 12:12:23 AM Ignore CobraLeader Report Abuse ... IMPOSSIBLE to have $0.30 gas again! ... ... There is more than $0.30 federal tax in the price. ... ... Most states are close to $0.30 state tax in the price. ...
HEBster Champion Author Kentucky Posts:6,474 Points:1,916,565 Joined:May 2006	Message Posted: Sep 10, 2010 12:12:01 AM Ignore HEBster Report Abuse No change in KY...
BazooQC Champion Author Montreal Posts:7,331 Points:1,172,480 Joined:Oct 2008	Message Posted: Sep 10, 2010 12:11:41 AM Ignore BazooQC Report Abuse Go lower ... they just put them up again for the weekend :-(
GasholeMI Champion Author Lansing Posts:7,773 Points:1,251,690 Joined:Jul 2008	Message Posted: Sep 10, 2010 12:11:32 AM Ignore GasholeMI Report Abuse Prices sure need to go a lot lower than where they are now. Lower 2.70's currently around here.
TBONE3 Champion Author Pennsylvania Posts:6,388 Points:1,510,745 Joined:Mar 2005	Message Posted: Sep 10, 2010 12:11:30 AM Ignore TBONE3 Report Abuse Only as low as the refiners allow it to drop. They and the speculators control it all. Perhaps another dime around Thanksgiving and Christmas.
cv Champion Author Raleigh Posts:12,836 Points:2,799,680 Joined:Oct 2003	Message Posted: Sep 10, 2010 12:11:14 AM Ignore cv Report Abuse In my area, gas prices increased around 4 cents a gallon since Labor Day.
tucker355 Champion Author Manitoba Posts:1,153 Points:314,535 Joined:Feb 2009	Message Posted: Sep 10, 2010 12:10:04 AM Ignore tucker355 Report Abuse lower the better
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 10, 2010 12:09:30 AM Ignore CobraLeader Report Abuse ... I'd love to see much lower fuel prices! ...
coughlin Champion Author San Jose Posts:3,336 Points:755,050 Joined:Sep 2009	Message Posted: Sep 10, 2010 12:08:29 AM Ignore coughlin Report Abuse They CAN'T get low enough for me.
ashishpa All-Star Author St. Louis Posts:951 Points:217,540 Joined:Feb 2010	Message Posted: Sep 10, 2010 12:06:24 AM Ignore ashishpa Report Abuse I how put less than 1.5 which used to be few months back.
jcurley Champion Author California Posts:5,638 Points:1,321,570 Joined:Dec 2007	Message Posted: Sep 10, 2010 12:05:58 AM Ignore jcurley Report Abuse TXGasPriceSpy has nailed the answer.
Blue_Cruzer Champion Author Lexington Posts:5,152 Points:1,202,725 Joined:Mar 2007	Message Posted: Sep 10, 2010 12:05:00 AM Ignore Blue_Cruzer Report Abuse How about $1.49 a gallon?