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Gas prices go below $1.00


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#1 of 105 Matt Stryker

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Posted October 16 2001 - 10:16 AM

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 of 105 Kirk Gunn

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Posted October 16 2001 - 10:30 AM

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 of 105 Carlo Medina

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Posted October 16 2001 - 10:35 AM

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 of 105 Aurel Savin

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Posted October 16 2001 - 11:07 AM

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 of 105 MickeS

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Posted October 16 2001 - 11:26 AM

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! Posted Image)

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#6 of 105 Scott Merryfield

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Posted October 16 2001 - 02:17 PM

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 of 105 Mark Pfeiffer

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Posted October 16 2001 - 03:10 PM

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 Posted Image
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#8 of 105 Mike Lenthol

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Posted October 16 2001 - 03:46 PM

$1.07 NJ

#9 of 105 Kelley_B

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Posted October 16 2001 - 03:56 PM

$1.03 Oklahoma.

#10 of 105 Michelle Schmid

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Posted October 16 2001 - 05:51 PM

$1.23 Tampa

Down two whole cents from yesterday! Posted Image

#11 of 105 Mark Lee

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Posted October 16 2001 - 05:52 PM

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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- Tom Lehrer

#12 of 105 Chris Wittry

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Posted October 16 2001 - 06:02 PM

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. Posted Image

#13 of 105 Clinton McClure

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Posted October 16 2001 - 08:04 PM

$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. Posted Image)

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[Edited last by Clinton on October 17, 2001 at 03:08 AM]

#14 of 105 MikeH1

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Posted October 16 2001 - 08:40 PM

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 of 105 MikeH1

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Posted October 16 2001 - 08:43 PM

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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#16 of 105 brentl

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Posted October 16 2001 - 10:33 PM

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 of 105 Steven K

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Posted October 17 2001 - 01:04 AM

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

#18 of 105 Jeremy_Sharp

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Posted October 17 2001 - 01:14 AM

$1.19 in Fayetteville Arkansas

#19 of 105 Hugh Jackes

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Posted October 17 2001 - 02:14 AM

$1.31 in Anaheim, CA.
I have learned that some pain cannot be healed, but must be endured. I believe our Higher Power will help us to endure and find peace. I loved the boy with the utmost love of which my soul is capable and he is taken from me-yet in the agony of my spirit in surrendering such a treasure, I feel a thousand times richer than if I had never possessed it."
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#20 of 105 Julie K

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Posted October 17 2001 - 02:29 AM

$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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[Edited last by Julie K on October 17, 2001 at 09:31 AM]
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