Gas prices....................................

Quote:

Originally Posted by REWahoo! Even with the qualifier, there is no way this could be anything other than a cocktail hour post!

You missed my point! - It's not cocktail hour here now, it's 10:30 am.

[REWahoo]

Quote:

Originally Posted by Cut-Throat You missed my point!

I suspect at least one of us is guilty of sarchasm. ("The gulf between the author of sarcastic wit and the person who doesn't get it.")

Quote:

Originally Posted by Cut-Throat It's not cocktail hour here now, it's 10:30 am.

Sipping that Yellowtail pretty early these days, are you?

[Dawg52]

I don't care what the point is or the time, pass the Yellowtail.

[Dawg52]

BTW, I heard some dude on CNBC this morning say gas prices are headed to $1.15 a gallon. Thats the kiss of death. It will probably shoot straight up from here.*

Quote:

Originally Posted by REWahoo! Sipping that Yellowtail pretty early these days, are you?

Are you trying to live vicariously through me? - You sound a bit thirsty?

[REWahoo]

Quote:

Originally Posted by Cut-Throat Are you trying to live vicariously through me?

Who, me?

Quote:

Originally Posted by REWahoo! Who, me?

Yeah you! - The guy hiding behind those shades!

[Dancer373]

This morning in the Valdosta, GA area gas is $2.10 but has been dropping daily for a week now

[Dog]

Prices in the Seattle area are still in the $2.70 range...but, gas is taxed pretty high in this state!

[sgeeeee]

I spent the last week in El Rito, NM and drove back to Mesa, AZ today. Gas ranged from $2.999 to $2.399 per gallon. Lowest prices were here in Mesa. That is really rare. Normally, the only time I pay more for gas than here at home is when I travel to California.

[mathjak107]

paid 2.95 for premium here in nyc and happy to do so.We are always so much higher here in the republic of new york city

[Donzo]

Just got back from our trip to SanDiego. The highest I saw was $3.13 the best was $2.69 - this was mostly along the interstate 5.

[Leonidas]

One station locally is selling a gallon for $1.99, with most places selling regular in the $2.20 - $2.27 range.

[Nords]

Hawaii gas gap widens with Mainland
Pacific Business News (Honolulu) - 7:45 AM HAST Monday 18 Sep
U.S. average self-serve regular has fallen 50 cents a gallon in less than 40 days, to less than $2.50. Honolulu gas prices have fallen less than 14 cents, to $3.12.
For more than a week Hawaii has been the only remaining state with average pump prices above $3 a gallon, and the gap between Hawaii and second-place California has widened in the past week from 23 cents to 38 cents, with Honolulu regular 22 cents more than Los Angeles regular.
AAA Hawaii put Honolulu self-serve regular at $3.11, Hilo at $3.33, and Wailuku at $3.51.
West Coast city averages, for comparison:
Seattle: $2.79.
Portland: $2.80.
San Francisco: $2.90.
Los Angeles: $2.90.
San Diego: $2.84.

[tryan]

Drove thru southern NH and saw $2.22 with a Sam's Club card

Most other's are around $2.50

[VoyT]

It's $2.24 today in my slice of Indianapolis ... was down to $2.09 over the weekend in some spots.

[frb53]

In north Mississippi ,I filled up for $2.14 in Greenwood. In Ruleville (birthplace of Fannie Lou Hamer) it was $2.39 and Winona on I-55* the price was $2.27.

[Leonidas]

Four days later and everywhere I look I see gas for less than $2.20. There are a number of places you can buy it for less than $2 and one station is at $1.93. This has to rebound soon I think, but at the rate it is going down now I wonder how low it will go.

[Zathras]

The only upward forces I can see on prices would be a hurricane in the gulf or more pipeline issues, a break out of violence in the mideast threatening oil production, OPEC cutting production.

However, if you are skeptical about the prices coming down because the elections are coming up, then we could see a rebound the second week in Nov

[Leonidas]

Quote:

Originally Posted by Zathras The only upward forces I can see on prices would be a hurricane in the gulf or more pipeline issues, a break out of violence in the mideast threatening oil production, OPEC cutting production.

You are right - I don't think I was thinking when I wrote that last post as much as I was emoting. The slide in prices has been dramatic, but after thinking about it I don't want to attempt to pick a bottom on the market.

Quote:

Originally Posted by Zathras However, if you are skeptical about the prices coming down because the elections are coming up, then we could see a rebound the second week in Nov

I don't have a clue what prices are going to do, but I'm not a believer in that particular conspiracy theory.

The hurricane season has been a non-event for the GOM, and from what I read anything developing in the nearterm will most likely hit the east coast or veer back out to sea. As for the stability of oil producing nations your guess is as good as mine. How low will OPEC watch the prices go before they try to impose some production cuts? It's not an exact science - especially when member and non-member states are inclined to fudge their numbers - but I think that they will try it at some point if the prices continue to drop. Crude is sitting at just under $61 this morning.