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Gas prices go below $1.00

Discussion in 'After Hours Lounge (Off Topic)' started by Matt Stryker, Oct 16, 2001.

  1. Matt Stryker

    Matt Stryker Well-Known Member

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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. Kirk Gunn

    Kirk Gunn Well-Known Member

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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. Carlo Medina

    Carlo Medina Well-Known Member

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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. Aurel Savin

    Aurel Savin Well-Known Member

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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. MickeS

    MickeS Well-Known Member

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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! [​IMG])
    /Mike
     
  6. Scott Merryfield

    Supporter

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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. Mark Pfeiffer

    Mark Pfeiffer Well-Known Member

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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 [​IMG]
     
  8. Mike Lenthol

    Mike Lenthol Well-Known Member

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    $1.07 NJ
     
  9. Kelley_B

    Kelley_B Well-Known Member

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    $1.03 Oklahoma.
     
  10. Michelle Schmid

    Michelle Schmid Well-Known Member

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    $1.23 Tampa
    Down two whole cents from yesterday! [​IMG]
     
  11. Mark Lee

    Mark Lee Well-Known Member

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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. Chris Wittry

    Chris Wittry Well-Known Member

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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. [​IMG]
     
  13. Clinton McClure

    Clinton McClure Casual Enthusiast

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  14. MikeH1

    MikeH1 Well-Known Member

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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...
     
  15. MikeH1

    MikeH1 Well-Known Member

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

    brentl Well-Known Member

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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. Steven K

    Steven K Well-Known Member

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    I haven't purchased gas since early July, but prices here in Boston are around $1.40
     
  18. Jeremy_Sharp

    Jeremy_Sharp Member

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    $1.19 in Fayetteville Arkansas
     
  19. Hugh Jackes

    Hugh Jackes Well-Known Member

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    $1.31 in Anaheim, CA.
     
  20. Julie K

    Julie K Well-Known Member

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    $1.37 in Santa Clarita, CA.
     

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