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Gas prices go below $1.00


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104 replies to this topic

#1 of 105 OFFLINE   Matt Stryker

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Posted October 16 2001 - 02:16 PM

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 OFFLINE   Kirk Gunn

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Posted October 16 2001 - 02:30 PM

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 ONLINE   Carlo Medina

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Posted October 16 2001 - 02:35 PM

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.

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#4 of 105 OFFLINE   Aurel Savin

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Posted October 16 2001 - 03:07 PM

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 OFFLINE   MickeS

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Posted October 16 2001 - 03:26 PM

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 OFFLINE   Scott Merryfield

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Posted October 16 2001 - 06:17 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 OFFLINE   Mark Pfeiffer

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Posted October 16 2001 - 07:10 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 OFFLINE   Mike Lenthol

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Posted October 16 2001 - 07:46 PM

$1.07 NJ

#9 of 105 OFFLINE   Kelley_B

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Posted October 16 2001 - 07:56 PM

$1.03 Oklahoma.

#10 of 105 OFFLINE   Michelle Schmid

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Posted October 16 2001 - 09:51 PM

$1.23 Tampa

Down two whole cents from yesterday! Posted Image

#11 of 105 OFFLINE   Mark Lee

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Posted October 16 2001 - 09:52 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....) ------------------ Mark K. Lee "Life is like a sewer -- what you get out of it, depends on what you put into it." - Tom Lehrer
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#12 of 105 OFFLINE   Chris Wittry

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Posted October 16 2001 - 10:02 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 OFFLINE   Clinton McClure

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Posted October 17 2001 - 12:04 AM

$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 OFFLINE   MikeH1

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Posted October 17 2001 - 12:40 AM

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...

#15 of 105 OFFLINE   MikeH1

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Posted October 17 2001 - 12:43 AM

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 of 105 OFFLINE   brentl

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Posted October 17 2001 - 02:33 AM

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 ------------------ OK guys ..... The tour of the Paradigm plant is now being planned. GO TO THE HOME THEaTER MEETS PAGE and register.

#17 of 105 OFFLINE   Steven K

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Posted October 17 2001 - 05:04 AM

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

#18 of 105 OFFLINE   Jeremy_Sharp

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Posted October 17 2001 - 05:14 AM

$1.19 in Fayetteville Arkansas

#19 of 105 OFFLINE   Hugh Jackes

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Posted October 17 2001 - 06:14 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 OFFLINE   Julie K

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Posted October 17 2001 - 06:29 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.


[quote]

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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