Gas prices go below $1.00

#1

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10/16/01 at 3:16pm

Matt Stryker
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I just noticed as I came into work today that the prices for regular unleaded at two stations here in Atlanta are $0.97; anybody else seen big reductions in prices where they live?

Is this a function of oversupply/underdemand or are the oil companies pricing low to encourage commerce?

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#2

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10/16/01 at 3:30pm

Kirk Gunn
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I read a Larry Kudrow article a while back stating Russia has increased it's oil exports by 500,000 barrels per day. They may increase another 350,000 per day soon !

Here's a soundbite from it:

News reports have suggested that Secretary of State Colin Powell secured a pledge from the Saudis that they would make up for any oil-supply shortfalls, and that OPEC has been rampantly cheating on its production quotas all year long. In addition, the global economic slump has significantly lowered oil demand.

#3

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10/16/01 at 3:35pm

Carlo Medina
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Dang, I have yet to see that in West Los Angeles. Our gas prices have dropped, though. 89 octane is about $1.60 as compared with $1.80 just a few weeks ago. Is this drop recent? The price I quoted was from about 5 days ago. Maybe I'll drive by the Chevron and see what's up.

#4

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10/16/01 at 4:07pm

Aurel Savin
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Holy ... It went down in NY from $1.65 to like $1.45 ... which I though was great

$.97 ... we will never see this here

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#5

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10/16/01 at 4:26pm

MickeS
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Gas prices here (well, at the gas station I frequent at least) dropped 10 cents from last week. It's now $1.39 for 89 octane, probably about $0.10 lower for 87. Good thing too, because we bought one of those damn gas-guzzling SUV's last week... (anyone who has read my tirades against them before, feel free to mock me... but I bought it under protest!

)

/Mike

/Mike

#6

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10/16/01 at 7:17pm

Scott Merryfield
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Prices have been falling in traditionally high-priced southeastern Michigan, too. However, prices in the more rural northern Michigan area are not falling nearly as much. I filled up last weekend in SE MI at $1.43 a gallon for premium, then travelled to my parent's place in northern MI. Gas prices were $.30 a gallon more expensive, and did not drop for the entire four days I was there.

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#7

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10/16/01 at 8:10pm

Mark Pfeiffer
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I've seen it as low as $1.03 around Columbus. Of course, I saw this the day after I bought it at $1.09

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#8

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10/16/01 at 8:46pm

Mike Lenthol
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$1.07 NJ

#9

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10/16/01 at 8:56pm

Kelley_B
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$1.03 Oklahoma.

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#10

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10/16/01 at 10:51pm

Michelle Schmid
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Location: Corvallis, OR
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$1.23 Tampa

Down two whole cents from yesterday!

#11

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10/16/01 at 10:52pm

Mark Lee
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Carlo, just go to your nearest Exxon station (Santa Monica Blvd?) -- they'll likely have the lowest going rate for gas in the neighborhood. (Though gas in LA will fall below the $1.00 mark when pigs fly....)

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#12

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10/16/01 at 11:02pm

Chris Wittry
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We're at $1.29 here, but some radio stations have been running a $.99/gallon promotion all week. Not too bad, considering how much of our price is tax.

#13

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10/17/01 at 1:04am

Clinton McClure
Clinton McClure
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$1.49 for 93 octane in Arkansas. (I have to run at least 92 octane fuel. It got pretty expensive during the summer at $1.89/gal. I was burning about $300 a month in fuel to go back and forth to work.

)

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#14

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10/17/01 at 1:40am

Michael Hein
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Right now here its cheap. Sitting at 56.9 cents/litre. Last week, it was more around 70-75 cents/litre.

Yah it sure is great coming from a oil producing province and paying outrageous prices

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#15

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10/17/01 at 1:43am

Michael Hein
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Right now here its cheap. Sitting at 56.9 cents/litre. Last week, it was more around 70-75 cents/litre.

Yah it sure is great coming from a oil producing province and paying outrageous prices

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you lose it here and your in a world of hurt...

#16

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10/17/01 at 3:33am

brentl
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We're sitting at 63.5 ... so about $1.60 U.s. a gallon( U.s. gallon)

As for MickeS ..... can you say WHIPPED?? knew ya could.

What a sad day

Brent L

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#17

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10/17/01 at 6:04am

Steven K
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I haven't purchased gas since early July, but prices here in Boston are around $1.40

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#18

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10/17/01 at 6:14am

Jeremy_Sharp
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$1.19 in Fayetteville Arkansas

#19

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10/17/01 at 7:14am

Hugh Jackes
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$1.31 in Anaheim, CA.

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#20

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10/17/01 at 7:29am

Julie K
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$1.37 in Santa Clarita, CA.

Quote:

just go to your nearest Exxon station (Santa Monica Blvd?) -- they'll likely have the lowest going rate for gas in the neighborhood.

My local Exxon is also the cheapest around. The local Ultramar lost that title some months ago and are now around $.02 higher.

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#21

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10/17/01 at 8:15am

Craig Chatterton
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Still $1.69 for 89 here in Oregon. But I haven't checked in a few days, maybe it's gone down since then.

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#22

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10/17/01 at 8:29am

Bill Catherall
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$1.58/gal for the cheap regular unleaded in Antioch, CA (Contra Costa County). So that's down about $.10 from one week ago.

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#23

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10/17/01 at 8:30am

paul_v
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Hmm I live in an oil state (Texas) and I paid $1.40 for gas a couple days ago. Not sure the price now.

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#24

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10/17/01 at 12:34pm

Dana Fillhart
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Mike,

Where in Jersey did you find $1.07??

I always buy 93, though, but the best price I can find is $1.46; I'm near Edison.

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#25

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10/17/01 at 12:48pm

Ryan Wright
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Double post, sorry.

[Edited last by Ryan Wright on October 17, 2001 at 02:49 PM]

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#26

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10/17/01 at 12:48pm

Ryan Wright
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Quote:

Still $1.69 for 89 here in Oregon. But I haven't checked in a few days, maybe it's gone down since then.

Nope. I drove back from Boise, ID yesterday, through Oregon. Still $1.69 almost everywhere. We're around $1.49 for the cheap stuff here, which is odd, because gas prices are usually lower here than everywhere else. And that price is at Costco, ~5 cents cheaper than most other stations.

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#27

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10/17/01 at 3:13pm

Mike Lenthol
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$1.07 was around Mount Holly, was on Monday early morning in a Mobil station. It was relativly low though, most others were around $1.10-$1.15.

#28

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10/18/01 at 12:19pm

Jehan
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Around 1.65 for the good stuff down in OC. A lot better than some of the prices from the last few months though.

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#29

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10/18/01 at 12:44pm

Marvin
Marvin
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1.39 around here, the last few days.

Remember the gas station(s?) that hiked the price of gas to, what, 4.99 or something like that on September 11th?

#30

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10/18/01 at 12:53pm

Andy_S
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That was here in Illinois (southern part I think). They were immediately slapped with a law suit by the state. They have since offered refunds to whoever paid $5/gallon when they bring in their receipt.

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