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View Full Version : When do we get the $1.99 gas?


Borski
10-25-2008, 12:48 PM
According to this, Oklahoma City has 5 stations that have gas under 2 bucks a gallon.

http://www.oklahomacitygasprices.com/

When do we get gas that cheap?

and what is the lowest gas in your area?

Mine is 2.53

MACH1
10-25-2008, 12:55 PM
It's $3.20 here. I don't think my area will ever see it under $2.00.:mad:

SteelCityMan786
10-25-2008, 12:59 PM
$2.69 in my area.

stillers4me
10-25-2008, 01:01 PM
we filled up one car for 2.17 this week with a 10 cent discount at Kroger.

I-Want-Troy's-Hair
10-25-2008, 02:25 PM
Yeah and now OPEC is crying because profits are "down" and they are not making the money they think they should be and are going to start cutting production. Freaking bastards. And if a barrel of oil is $64.00 then gas should be under $2.50 but you'll be lucky to every see that happen again.

GutterflowerSteel
10-25-2008, 03:24 PM
I paid $2.59 at a Sheetz today.

Muppet13
10-25-2008, 04:11 PM
It is $2.27 here in Cincy.

revefsreleets
10-25-2008, 04:33 PM
This is CRUSHING Russia's economy.

Good.

Eff them.

MasterOfPuppets
10-25-2008, 06:49 PM
I paid $2.59 at a Sheetz today.
same here

Borski
10-27-2008, 02:33 AM
Mine is 2.53

Now its down to 2.49

wouldn't it be great if it keeps on free falling?

I'm still driving less though, the less demand for it the cheaper it will be...then again OPEC should be slowing down production soon...

Preacher
10-27-2008, 02:55 AM
Mine is still just above just at 3 a gallon right now.

honestly, anything below about 2.50 a gallon is undervalued compared to the average gas price in the late 70's.

So I will be happy at 2.69 or less.

stlrtruck
10-27-2008, 12:00 PM
I paid $2.59 at a Sheetz today.

I just wanna know did you get the chili cheese dog too? Sorry college flash back!!!

Here in sunny FL we're at $2.71

Borski
10-31-2008, 03:20 PM
It still seems to be falling

$2.28 in Lakeland, FL

fansince'76
10-31-2008, 03:23 PM
$2.29 in Denver, CO and falling....

Preacher
10-31-2008, 03:56 PM
2.79 here.

I expect us to be about 30 to 50 cents higher than everyone else.

GutterflowerSteel
10-31-2008, 04:50 PM
$2.39 here in western Maryland.

NJarhead
10-31-2008, 04:55 PM
When do we get the $1.99 gas?

We already had that. Don't you remember? It was back in 2004 I think.

Steel Duck
10-31-2008, 06:29 PM
$1.98 here...but since I buy premium it's $2.18...I'm lovin it!!!!!

stillers4me
10-31-2008, 06:51 PM
I saw it at $1.99 at Thorton's and Kroger yesterday. With the 10 cents off a gallon at Kroger with my card, that's $1.89/gallon. :banana:

T&B fan
10-31-2008, 08:45 PM
we have it s low as $2.29 and less then 20 miles away $ 2.65

MasterOfPuppets
10-31-2008, 09:00 PM
$2.39 here in western Maryland.
your in western maryland?

GutterflowerSteel
10-31-2008, 09:13 PM
your in western maryland?
Frederick

xfl2001fan
10-31-2008, 10:12 PM
I've seen it at one gas station where it was 2.03 a gallon.

MasterOfPuppets
10-31-2008, 10:45 PM
Frederick
lol.....frederick is more of a "midwestern" MD.

pittsburghp8baller
11-01-2008, 10:14 AM
i paid 2.39 a gallon yesterday in Stafford, VA and it has slowly dropping the last week or so but everytime it does this it shoots back up to like 3.00 a gallon before dropping slowly

Steeldude
11-02-2008, 12:48 AM
the price of a barrel of oil goes down 60%, but a gallon of gas doesn't.

Steelman16
11-02-2008, 12:57 AM
$1.92 here in Sooner Country. :tt02:

(still proudly wearing my Texas hat btw, even with that horrible loss to Tech tonight)

Preacher
11-02-2008, 01:10 AM
the price of a barrel of oil goes down 60%, but a gallon of gas doesn't.

The prices are coming down... but gas was very undervalued at 1.20 a gallon. I doubt we will ever see that again... though I may be wrong.

MasterOfPuppets
11-02-2008, 11:31 AM
The prices are coming down... but gas was very undervalued at 1.20 a gallon. I doubt we will ever see that again... though I may be wrong.preach you keep up on these worldly issues.....whats the reason for the declining prices ???

GBMelBlount
11-02-2008, 11:40 AM
I think Obama said the reason for declining prices is because gas is becoming less expensive.....

or was it Mr. Obvious that said that?..... :huh:

stillers4me
11-02-2008, 11:52 AM
I think Obama said the reason for declining prices is because gas is becoming less expensive.....

or was it Mr. Obvious that said that?..... :huh:

:sofunny:

Gas was $1.96 yesterday so I put in $20 buck to get through the weekend. We usually get groceries on Sunday and use the Kroger Plus card to get gas @ 10 cents off ( you have to spend $100 then you can fill up once at the discount. By Sunday we're there). I got 3/4 of a tank for $20 bucks in the Santa Fe.........I was shocked!! I forgot what that was like.

We'll be able to top it off at $1.85 this afternoon.

KeiselPower99
11-02-2008, 12:17 PM
Somewhere here in West Virginia its 1.99. Here were Im at its 2.25 I can finally fill up for under 35 dollars.

Preacher
11-02-2008, 07:18 PM
preach you keep up on these worldly issues.....whats the reason for the declining prices ???

The bubble popped.

Remember that oil prices AREN'T driven by exxon and Chevron as much as they are driven by the markets. Everyone was putting money there driving up the market creating a bubble, same way the tech bubble and housing bubble was happened.

The bubble popped...

though I have to wonder... with the global recession happening, how much the Chinese have been hurt, because they were REALLY driving up the market.

There are a few that know this stuff way more than i do... should probably ask them...


Hey Rev... chime in..

Preacher
11-02-2008, 07:19 PM
I saw 2.69 a gallon today here. For California, that isn't bad at ALL.

Heck, that is only a buck more than it was 10 years ago.

revefsreleets
11-03-2008, 08:39 AM
I posted an article from Forbes about this in one of these threads or another which summed the whole thing up succinctly.

Hobbes
11-03-2008, 09:27 AM
I paid $1.97 yesterday, took only $24 to fill up my Blazer!

Steeldude
11-04-2008, 10:21 AM
. We usually get groceries on Sunday and use the Kroger Plus card...

kroger is called ralph's over here in southern california

Steeldude
11-04-2008, 10:21 AM
i'm still paying $2.85 a gallon here

Hammer67
11-04-2008, 10:25 AM
Detroit Rock City is hovering around $2.10 to $2.30 a gallon....

O'Reilly did a good piece looking at the declining cost per barrel for crude vs. the percentage cost decline at the pumps. He found that it was much closer going up, but with the recent drop in crude barrels, the costs at the pump are MUCH SLOWER in following suit.

revefsreleets
11-04-2008, 10:34 AM
And the price of groceries and the like hasn't caught up and come down at all...

tony hipchest
11-04-2008, 11:37 AM
I posted an article from Forbes about this in one of these threads or another which summed the whole thing up succinctly.yep. great article too. very prescient. america has been duped into believing $2.50 a gallon is now "cheap".

revefsreleets
11-04-2008, 11:39 AM
Actually, I think $2.25 is reasonable, and have always said so. I don't think oil companies should NOT make a profit, nor should the oil producing contries, but there's a difference between profit and out-of-control greed, and we suffered from the latter for the last year or so...

I heard a forecast stating that gas will stay right around $2 for the next 4 months. I have no problem at all with that whatsoever...

Steeldude
11-05-2008, 09:23 AM
anything over $2 is too much. $1.20 is fair, IMO.

TSDMedic
11-05-2008, 09:31 AM
Here in Pittsburgh it's about $ 2.49 a gallon at most of the gas stations. I remember 10 years ago here being able to get gas for $ 0.99 a gallon! Oh how I miss those times!

fansince'76
11-11-2008, 10:56 AM
Down to $1.98 this morning for regular (85 octane) here in Denver, CO. I use premium (87 octane) and that is $2.13 - filled my tank for about 27 bucks, which is way down from early in the summer when it was costing me around $48 to fill up.

vasteeler
11-11-2008, 11:00 AM
1.92 richmond:applaudit:

lamberts-lost-tooth
11-11-2008, 12:25 PM
$1.94 here this morning!!!:tt02::tt02:

Borski
11-11-2008, 01:09 PM
Down to $1.98 this morning for regular (85 octane) here in Denver, CO. I use premium (87 octane) and that is $2.13 - filled my tank for about 27 bucks, which is way down from early in the summer when it was costing me around $48 to fill up.

What kinda car do you drive?

Its down to 2.12 here

fansince'76
11-11-2008, 02:14 PM
What kinda car do you drive?

Mustang.

MACH1
11-11-2008, 02:17 PM
Mustang.

:thumbsup:

revefsreleets
11-11-2008, 02:37 PM
Interesting. Premium here is 93, mid-grade 91 and regular is 87. My car calls for 92, but it runs fine on 91, chatters like a disgruntled video intern for the Patriots on 87, though.

I've seen it as low as 1.88 here. I used my .60 GetGo discount and filled up for $18.57 the other day. I felt like I was robbing the place or something!

SteelMember
11-11-2008, 02:57 PM
Actually, I think $2.25 is reasonable, and have always said so. I don't think oil companies should NOT make a profit, nor should the oil producing contries, but there's a difference between profit and out-of-control greed, and we suffered from the latter for the last year or so...

I heard a forecast stating that gas will stay right around $2 for the next 4 months. I have no problem at all with that whatsoever...

I agree. In comparison to products like cola and bottled water, $2.25 seems fair imo.

$1.91 here today. If I remember correctly, the pre-Katrina price was about $1.45.

fansince'76
11-11-2008, 03:09 PM
Interesting. Premium here is 93, mid-grade 91 and regular is 87.

I would imagine the octane differences are due to the differences in altitude - I'm a mile above sea level here.

Preacher
11-11-2008, 03:10 PM
Like I said before, anything under about 2.60 a gallon is undervalued compared to inflation over the last 30 years. So I am quite happy with gas prices right now.

KeiselPower99
11-11-2008, 03:14 PM
Its 1.97 across the Ohio River in well Ohio but here its 2.07. At my in laws its still 2.49.

revefsreleets
11-11-2008, 05:15 PM
Way cheaper than milk, which strangely has NOT gone back to pre-gas hike rates...it bothers me that they jacked the price of everything based on fuel surcharges, but nothing has gone down in price with the commensurate gas price reduction. Somebody is making money along the pipeline off this, and all I know is that it ISN'T me.

fansince'76
11-11-2008, 05:37 PM
Way cheaper than milk, which strangely has NOT gone back to pre-gas hike rates...it bothers me that they jacked the price of everything based on fuel surcharges, but nothing has gone down in price with the commensurate gas price reduction. Somebody is making money along the pipeline off this, and all I know is that it ISN'T me.

Apparently, other businesses/sectors of the economy are taking a "wait and see (http://www.rockymountainnews.com/news/2008/oct/31/gas-down-not-surcharges/)" approach with gas prices and their surcharges in relation to them:

Gas down, not surcharges
Many businesses in no hurry to pass on savings

Gargi Chakrabarty - Rocky Mountain News
October 31, 2008

Lehrer's Flowers Inc. hiked its delivery charge by $1 to $12.98 last month after struggling with rising fuel prices all summer.

Today, Denver pump prices have plunged almost a couple of dollars a gallon from July.

The Denver florist, however, is not trimming its charge.

"With the weak economy and everything, I don't know if the charge will change," said Rhiannon Hinkley, a store manager. "If things go very well, and fuel prices keep going down, we will pass that on to customers."

Lehrer's is not the only business that's maintaining the status quo, despite the plummeting prices of gasoline, and to some extent, diesel.

Takeout restaurants, lawn mowers, trash haulers, airlines, ski trains and others that tacked surcharges onto customer bills or raised ticket prices because of higher fuel prices are not budging.

"What we are experiencing is 'stickiness' of prices," said Patty Silverstein, an economist with Development Research Partners. "Prices have a tendency to go up in inflationary times, but tend to stick and don't necessarily come back down when the shock to the pricing structure goes away, such as what we are seeing now."

Also, uncertainty as to whether these lower gasoline prices are here to stay, given the volatility during past months, is playing a part, Silverstein added.

"There's a lot of uncertainty in the marketplace, among businesses and consumers in general, who went through a period of painful adjustment to respond to higher prices," she said. "People are hesitant to say, 'OK, it's all over, it's done, we can change our spending patterns once again.' "

On Friday, Colorado's average gasoline price was $2.52 a gallon, down from $3.58 a month earlier and lower than the record $4.09 on July 17.

The average U.S. retail gasoline price fell 26 cents over the past week to $2.66 a gallon, the cheapest pump price since March 2007, the Energy Department said Monday.

The national price for regular unleaded gasoline is down 22 cents from a year ago, DOE's Energy Information Administration said in its weekly survey of service stations.

But many businesses are dragging their feet when it comes to passing on the fuel savings to customers.

For instance, most U.S. airlines introduced fuel surcharges this year, ranging from $10 or $20 to several hundred dollars for a round-trip ticket.

Airlines have largely kept the fees in place despite falling fuel prices, saying prices remain volatile and only recently have come down from record highs. Several carriers also said they were late in implementing the charges and therefore had to play catch-up.

The 350,000 Colorado customers of Waste Management Inc. - the nation's largest trash hauler - pay a fuel surcharge, many having paid the fee for about eight years.

The company adjusts the surcharge rate each week, with this week's rate being 11.65 percent of a customer bill.

The Houston-based company on Thursday reported its third-quarter profit rose nearly 12 percent - helped by higher revenue in its recycling business and fuel surcharges.

"The corporate office has discussed a change in the calculation of fuel surcharge. They will make that determination," said company spokesman Charles Bayley. "I don't know that it will drop to zero, but it has dropped to zero in the past."

The Ski Train, which runs between Denver's Union Station and Winter Park Ski Resort, will charge passengers $59 per ticket beginning Dec. 27, up $10 from a year earlier.

Jim Bain, president and general manager of Ski Train operator Ansco Investment Co., a subsidiary of the Anschutz Corp., said fuel price was a factor for the more expensive ticket. Rising railroad costs and insurance premiums also influenced the ticket price, he said.

"We pick a price and try to stick with it in our budgeting," Bain said. "Last year, we fixed our price in August and fuel prices escalated almost 50 percent during winter and we hurt pretty bad. We have to recoup some of those losses."

Lawn mowing company Clean Cut Inc. added a 3 percent fuel surcharge to customers' bills in May, and gradually increased it to 4 percent by summer - in tandem with galloping fuel prices.

Although fuel prices began falling in August, and by September pump prices had dropped 50 cents compared to July, Clean Cut kept tacking the surcharge onto bills.

Owner Paul Tighe said the company will lift the surcharge in October - the last lawn-mowing month of the season.

"We didn't change the surcharge in August or September because gas price still was pretty high," he said. "Next year, we will see what happens - I am sure prices will go back up again."

MACH1
11-11-2008, 05:37 PM
I would imagine the octane differences are due to the differences in altitude - I'm a mile above sea level here.

Octane goes 85, 87, 92 here. :noidea:

revefsreleets
11-11-2008, 05:49 PM
Recouping losses I buy. But in a sluggish economy, lowering prices and advertising those lower prices could really set one business apart from their competition. Prices stay too high and retailers, in general, are ultimately shotting themselves in the foot.

I readily admit I switched from gallons of milk to half gallons. I never needed a gallon to begin with, but raising prices is what made me think about it. I'll probably never go back now. Just because I have the money to spend doesn't mean I should. And if prices don't go back down I may do further evaluation.

Dino 6 Rings
11-11-2008, 07:31 PM
1.83 in arkansas today.

touchdownward
11-11-2008, 07:38 PM
Way cheaper than milk, which strangely has NOT gone back to pre-gas hike rates...it bothers me that they jacked the price of everything based on fuel surcharges, but nothing has gone down in price with the commensurate gas price reduction. Somebody is making money along the pipeline off this, and all I know is that it ISN'T me.
I noticed that as well, hell even eating in a restaurant got more expensive. I've had to cut down on my crab leg consumption. :yummy:

MACH1
11-11-2008, 07:56 PM
I noticed that as well, hell even eating in a restaurant got more expensive. I've had to cut down on my crab leg consumption. :yummy:

There's a joke in there somewhere. :wink02:

touchdownward
11-11-2008, 08:25 PM
There's a joke in there somewhere. :wink02:
:toofunny: No doubt! LOL!

We ate a a place called Joe's Crab Shack last weekend. Reminds me of a T-shirt they had that said "We got crabs, so you won't have to". :laughing:

Borski
11-11-2008, 11:46 PM
Way cheaper than milk, which strangely has NOT gone back to pre-gas hike rates...it bothers me that they jacked the price of everything based on fuel surcharges, but nothing has gone down in price with the commensurate gas price reduction. Somebody is making money along the pipeline off this, and all I know is that it ISN'T me.

I belive come companies have made deals where they "lock in" their fuel surcharges. which is good for them if the fuel price keeps going up, but if the price goes down their kinda screwed.

Leftoverhard
11-12-2008, 12:32 AM
Way cheaper than milk, which strangely has NOT gone back to pre-gas hike rates...it bothers me that they jacked the price of everything based on fuel surcharges, but nothing has gone down in price with the commensurate gas price reduction. Somebody is making money along the pipeline off this, and all I know is that it ISN'T me.

Groceries, restaurants, convenience store gatorade, almost everything - it's all so much more expensive since fuel prices went up- and like I predicted, now that gas is going down, the people who jacked the prices on that stuff are gonna ride it until it becomes normal and we accept it. Those prices will not go down ever again. It's so obvious how these jerks line each others' pockets whenever they get the chance.........grrrrrrr.
Time to get your own cow rev.

TroysBadDawg
11-12-2008, 01:04 AM
regular 1.82 in Troy, Ohio

SteelMember
11-12-2008, 07:23 AM
Groceries, restaurants, convenience store gatorade, almost everything - it's all so much more expensive since fuel prices went up- and like I predicted, now that gas is going down, the people who jacked the prices on that stuff are gonna ride it until it becomes normal and we accept it. Those prices will not go down ever again. It's so obvious how these jerks line each others' pockets whenever they get the chance.........grrrrrrr.
Time to get your own cow rev.

Exactly.

The airlines, Delta - which may not be the best example, are going to start building in (hiding) those surcharges into the regular ticket rates. So if a ticket cost x, and there were surcharges of y. The new ticket price would just be x+y with no itemization.

I guess they think it people don't see it, they won't know it's there.

GBMelBlount
11-12-2008, 07:30 AM
Exactly.

The airlines, Delta - which may not be the best example, are going to start building in (hiding) those surcharges into the regular ticket rates. So if a ticket cost x, and there were surcharges of y. The new ticket price would just be x+y with no itemization.

I guess they think it people don't see it, they won't know it's there.

Well said. Unfortunately it is true in many cases. I liken it to our governments "Death by a thousand taxes." The government is constantly trying to figure out ways to increase revenue in ways that people won't be able to easily add up. If we got an itemization of all the taxes we paid and realized that most of us work into May each year just to pay all of our taxes, there would be outrage.....

stillers4me
11-12-2008, 07:31 AM
I filled up @ $1.79 night after work and thought I'd gotten a deal. Then hubby said he paid $1.71!

I hope it stays low for the Thanksgiving trip.

revefsreleets
11-12-2008, 08:12 AM
Perfect model is the insurance companies. When the speed limit was initailly increased years and years ago, rates went up. When the government lowered the standard to 55 (which was ostensibly to improve gas mileage) insurance rates......stayed the same. No decrease.

Guess what? When we went back up to 65 (70 in some states), yup, you got it: Insurance rates went up. So the insurance companies, in effect, triple dipped us consumers.

devilsdancefloor
11-12-2008, 09:29 AM
insurance is legal extortion :coffee: and i got gas at $1.81 and abot fell over

MasterOfPuppets
11-12-2008, 10:38 AM
insurance is legal extortion :coffee: and i got gas at $1.81 and abot fell over along with ,doctors, pharmasuiticals, lawyers

Hammer67
11-12-2008, 01:37 PM
along with ,doctors, pharmasuiticals, lawyers

That being said...just got the bill for my newborn's brief stint in a pediatric hospital. She went in for what was later found to be a protien allergy to her formula. Well, the visit included an ER visit and 4 days in a moderate care ward with a plethora of tests and an IV.

Bill was $23,000....UNBELIEVABLE! I couldn't believe that blood work and the tests they did run were so expensive. It's borderline criminal.

Thank god I have insurance!

Now for the song and dance from them on what they cover and what they don't....

Preacher
11-12-2008, 02:25 PM
Perfect model is the insurance companies. When the speed limit was initailly increased years and years ago, rates went up. When the government lowered the standard to 55 (which was ostensibly to improve gas mileage) insurance rates......stayed the same. No decrease.

Guess what? When we went back up to 65 (70 in some states), yup, you got it: Insurance rates went up. So the insurance companies, in effect, triple dipped us consumers.

Rev.. there is another side to that.

Insurance companies are heavily regulated, just like banks. If they even LOOK like they are not going to be able to cover a loss, the feds come in and close them down.

If an insurance company (I am thinking property and casualty) want to raise rates, they have to submit not only the rate increase, but the methodology and criteria involved in charging those rates to the state insurance commissioner who approves or disapproves the rate changes.

In California, one reason auto rates are high is because the insurance commissioner is disallowing certain criteria for rating which would drop rates on a lot of people. So instead, the insurance company has to keep rates up on EVERYONE to cover their exposure for certain drivers that they can't rate for.

revefsreleets
11-12-2008, 05:17 PM
Used to work for Allstate, so I get some of this. The government also regulates how much money they can make. It's a strange business.

But the fuzzy math concerning the speed limits is indisputable. There was no lag, rates just never scaled down after the changes were made.

The funny thing was, in a sense, they were right. Lowering the speed limits actually proved to be MORE dangerous.