Gas prices go below $1.00

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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Kirk Gunn

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Aug 16, 1999
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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.
 

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.
 

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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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
 

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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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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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.
 

Clinton McClure

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MikeH1

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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...
 

MikeH1

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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...
 

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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Julie K

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Dec 1, 2000
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$1.37 in Santa Clarita, CA.
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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