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Gas prices keep falling

Posted by: Sister Toldjah on November 15, 2005 at 12:11 am

…and falling and ….:

WASHINGTON – For the sixth straight week, average retail gasoline prices have dropped nationwide, falling below $2.30 a gallon for the first time since early August.

The federal Energy Information Administration said Monday that U.S. motorists paid $2.296 cents a gallon on average for regular grade last week, a decline of 8 cents from the previous week. Pump prices are still 32.7 cents higher than a year ago.

Average retail prices peaked at $3.07 a gallon in early September, a reflection of the extreme tightness in the market following Hurricane Katrina, which knocked out refineries in the Gulf region, as well as pipelines that deliver fuel to the East Coast and Midwest. Prices have since retreated because of the recovery of oil production and refining facilities, increased imports from Europe and a slight moderation of demand.

No doubt they will rise a bit next week, just in time for the Thanksgiving holiday. The low price I’ve seen in my area is $2.34. How about you?

BTW, dunno about ya’ll, but I am very much looking forward to next week’s holiday … can’t get here soon enough as far as I’m concerned!
—
Reminder: Don’t forget you still have time to vote for yours truly in Aaron’s “Deck O’ Bloggers – Heart suit” competition. Click here, look to the left and scroll down a bit and you’ll see my name listed. I must finish in the top 11 to make the deck. You have until 11 AM EDT Tuesday to vote … the sooner the better, though ;) Thanks in advance!

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5 Responses to “Gas prices keep falling”

Comments

  1. camojack says:
    November 15, 2005 at 3:52 am

    I saw one place where it was “only” 2.19/9 per gallon… :roll:

  2. CZ says:
    November 15, 2005 at 8:29 am

    Regular unleaded has been $2.19 in red state northwest Indiana for about a week. Not that it’s a good thing but they are going down, not up.

    In Chicago it has been $2.50 because of all the blue state Illinois state, local county and city taxes.

    Two gas stations on the Indiana side of the state line near the Chicago skyway each have fourty pumps. That’s a total of eighty pumps on one block. There is a large BP Amoco refinery just a mile away, within sight.

  3. sanity says:
    November 15, 2005 at 9:59 am

    $2.09 at the local Speedway in suburb of Detroit where I live.

    *chuckling*

    I guess they don’t blame President Bush for everything, or we would hear them blaming the President for the gas prices going lower. Never happen, too much like giving him credit for something good I suppose.

  4. PCD says:
    November 15, 2005 at 10:57 am

    In Dubuque, it is $2.06 for Ethanol and $2.10 for regular unleaded.

  5. CZ says:
    November 15, 2005 at 11:32 am

    The gas war continues.

    Just got back from an errand and the local price is $2.15 today down from $2.19 yesterday. When will it end? I am just so sick of these declining fuel prices.

    Why can’t we just be like Europe where they pay over $4 and get it over with?

    Looks like the energy stock segment of my portfolio is going to take a beating!

    Yes. Bush’s fault…again!