Gasoline has hit $2.99 per gallon

I was surprised to see that the gas station I generally go to had 2.99 posted on their sign. I know for a fact that it was 3.09 yesterday and 3.19 about a week ago. About a month ago it was 3.29.

To me this is a pretty dramatic drop and, being the suspicious type, I have to wonder what is about to happen. In the past when prices seem to be getting more reasonable, we end up stirring the pot in the Middle East and prices soar to new heights. Is the US gearing up for a major war?

a reply to: N3k9Ni

It's been a steady 3.79 here for the past several months... not a single penny drop.

It would really help to know where you are, thanks

originally posted by: FutureThinker
It would really help to know where you are, thanks

East central Iowa. Bettendorf, to be exact, at a Shell station.

The writing is on the wall, they are dropping prices to move product and bring in as much money as possible before the bottom drops........

a reply to: N3k9Ni

WHAT!!!!

That equates to $3.45 Aust for 3.78 litres (1 gallon)

I pay $1.56 Aust per litre which equates to $5.89 Aust for a Gallon

$5.89 Aust is $5.11 US.

I'm being ripped off, we produce the crap right here too!!!!!

a reply to: N3k9Ni
Thanks, me, California, and I have noticed this price drop out here as well, it's a welcome relief .



Peace

I was on the Illinois side today, too, and noticed some prices posted at 3.29. This is down 30 cents from what is it was about a month ago.

I just did the math and it turns out we pay $6.77/gallon in NZ...so I wonder if that's an indication as to where it's going to head for you guys. People still get by here though but it's a bit mickey mouse...I remember when it was less than $1/L - now the prices go up when something goes wrong but then never go back down and people forget and get on with their lives.

originally posted by: pointr97
The writing is on the wall, they are dropping prices to move product and bring in as much money as possible before the bottom drops........

And all the other times gas prices have fluctuated up or down was that also the writing on the wall?

originally posted by: pointr97
The writing is on the wall, they are dropping prices to move product and bring in as much money as possible before the bottom drops........

...

No, fuel is one of those things that 90% of people will buy regardless of price (within reason). A small fluctuation in price isn't an indication of some huge conspiracy. Rather, it's an indication that the market isn't set in stone.

I'm in Utah and it's come down to about $3.29 a gallon, in some areas.

originally posted by: opethPA

originally posted by: pointr97
The writing is on the wall, they are dropping prices to move product and bring in as much money as possible before the bottom drops........

And all the other times gas prices have fluctuated up or down was that also the writing on the wall?

A few of us were discussing the current situation with the biological threat on tuesday, and one of my friends said, 'but isn't this a bit early.....?' He left it at that.

That has been rattling around in my head ever since.....and the number 21 days has also been rattling around. Then I started thinking about the calender. With our patient zero safely in the care of medical staff, we need to look at the second round of contamination. Those that will start to become symptomatic 14-21 days(if we believe what we are being told).....That puts our second round becoming dangerous around our Halloween festivities, people going door to door, parties, apple bobs and during the time of year that the initial symptoms will be easily sloughed off as cold/flu. Due in large part to our wonderful media severely down playing the contamination risk.....I'm seeing it everywhere, if you don't touch poop, blood or semen, you are safe.......

That puts our very social holiday of Halloween right on target.........next up.....21 days after Halloween, Thanksgiving Holiday, in which mass amounts of people are travelling more than any other time of the year, taking what would normally be localized to parts that didn't have any risk of infection........and combine it with black friday, where a few sniffles aren't going to keep people from those big savings.......and that third round will be the key......the second round is just to get it moving, plant as many seeds as possible, but before it is really considered a threat. And all this taking place during a time of year when most of the country will easily write it off as cold/flu symptoms as it is that time of year.

And this is a bit different from the other fluctuations, which also had no real solid rational for why they increased or decreased, here, we have been constant at 3.55-3.65 for a very long time, for it to go to 3.14 over night is more than just a drop......That is significant, especially with all the turmoil in the mid east and us bombing oil production facilities....if anything, prices should be going up, not down.

This is designed to make us want to fill up instead of just putting 10 bucks in to get us through till pay day.

Canada here. The world pretty much pays more for gas than the US. But gas prices going down in the US? In an election year?

a reply to: N3k9Ni
I noticed a slight drop in prices here as well...not quite as dramatic as $2.99...but $3.29 down from $3.50.

Not sure what this represents in the long term, but it's nice to see for now!

Gas prices drop at the end of summer. Like clockwork.

It's 3.79 here (near Seattle, Seattle is cheaper). I can only use Supreme so I'm looking forward to seeing it drop even lower. Gas stations around here get away with some pretty high prices. As you get closer to Bellevue (and not by much) it shoots up to $3.99. Thank you QFC for knocking that down a $1 per gallon.

originally posted by: N3k9Ni

originally posted by: FutureThinker
It would really help to know where you are, thanks

East central Iowa. Bettendorf, to be exact, at a Shell station.

Let me guess, Utica Ridge Road is a nicer area of town?

CARACAS, Venezuela — Venezuela has the world’s cheapest gasoline, about 6 cents a gallon, a price so low that drivers often fill their tanks for less than a dollar and tip the gas station attendant more than the cost of the fuel pumped into their cars.

www.nytimes.com...

a reply to: Domo1

Do you know the area? This was the Shell station at the bottom of the hill on Devils Glen. I noticed a few places along Locust Street at the same price.

a reply to: Grimpachi

But when the gas station attendant pointed out that if the price rose, filling up might cost a couple of dollars, the smile quickly disappeared from Mr. Gelvis’s face.

“No way! That’s too much,” he said. “If they raise it that much there will be strikes. We’ll have people blocking roads.”

It's over $50 to fill my car. Worth not living in Venezuela though.

originally posted by: N3k9Ni
a reply to: Domo1

Do you know the area? This was the Shell station at the bottom of the hill on Devils Glen. I noticed a few places along Locust Street at the same price.

Nope. Just Googled it and this page came up. Figured the more $ the nicer the area. Not always true, but seems like it around here.