FordBuyer Posted October 8, 2008 Share Posted October 8, 2008 In Metro Detroit today, some gas stations are selling gas under $3.00. A couple gas stations are selling it for $2.97. Look for more drops tomorrow. I bought gas today for $3.09 at Shell station. This will definitely help inflation rates over coming months as demand is still falling. Remember, the stock market likes low inflation. Quote Link to comment Share on other sites More sharing options...
94bronco Posted October 8, 2008 Share Posted October 8, 2008 2.95 today, I am hoping for 1.99! Quote Link to comment Share on other sites More sharing options...
theoldwizard Posted October 9, 2008 Share Posted October 9, 2008 Better enjoy it while it is here ! There are too many oil exporting countries (like Russia and Venezuela) that really "need" oil back above $100/barrel ! Quote Link to comment Share on other sites More sharing options...
Mustang_Marty Posted October 9, 2008 Share Posted October 9, 2008 Damn...$3.49 is a good price around these parts. Quote Link to comment Share on other sites More sharing options...
Ovaltine Posted October 9, 2008 Share Posted October 9, 2008 (edited) Don't forget what's coming up in less than four weeks too..... I traditionally lean towards the right-wing, but the timing of this major price drop is slightly suspicious to me. I know that much of it is probably linked to the economic meltdown going on right now, but...... I still say that the timing is suspect, and that oil companies are going to want to keep the Republicans in. -Ovaltine Edited October 9, 2008 by Ovaltine Quote Link to comment Share on other sites More sharing options...
2005Explorer Posted October 9, 2008 Share Posted October 9, 2008 Don't forget what's coming up in less than four weeks too..... I traditionally lean towards the right-wing, but the timing of this major price drop is slightly suspicious to me. I know that much of it is probably linked to the economic meltdown going on right now, but...... I still say that the timing is suspect, and that oil companies are going to want to keep the Republicans in. -Ovaltine Remember what happened before the election in 2006. Oil prices and fuel prices kept falling only to start rising again right after the election. Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 9, 2008 Share Posted October 9, 2008 Don't forget what's coming up in less than four weeks too..... I traditionally lean towards the right-wing, but the timing of this major price drop is slightly suspicious to me. I know that much of it is probably linked to the economic meltdown going on right now, but...... I still say that the timing is suspect, and that oil companies are going to want to keep the Republicans in. -Ovaltine Not to mention that those disgusting speculators are saying that OPEC may cut production. They say though, that it will slow the decline of the cost of oil...but not that much. This is where oil should be...that 140 a barrel is nowhere near a realistic price. Quote Link to comment Share on other sites More sharing options...
jonas1022 Posted October 9, 2008 Share Posted October 9, 2008 (edited) Don't forget what's coming up in less than four weeks too..... I traditionally lean towards the right-wing, but the timing of this major price drop is slightly suspicious to me. I know that much of it is probably linked to the economic meltdown going on right now, but...... I still say that the timing is suspect, and that oil companies are going to want to keep the Republicans in. -Ovaltine I would probably agree with you, except that the market is one of supply and demand right? Too much supply for the demand? The price drops. The production of gasoline and the oil it's made from is pretty high, they have us at like 110% supply for the demand. So the price is going to drop like a rock. Who isn't buying? China, at least in my opinion. The Olympics are over, they need to use down some of that reserve that they stock piled to make sure there was no interuption during the games and they would loose face. Nevermind the Joe Six Pack consumer. Everyone is holding their breath and not buying, as they are all scared. What major purchases have you made this year? Anything? If the evening news reports are to be believed. Most (over 20%) of American families have put off major purchases. Credit has been restricted, home mortgages are turned down if there isn't 20% downpayment to go with the purchase agreement... I'm sure you have all heard the litany. Bottom line is that prices are high for everything, and the consumer isn't buying. The retailers have to move product. The result is lower prices, for everything except electric energy and even that will come down. Even groceries, eventually. Edited October 9, 2008 by jonas1022 Quote Link to comment Share on other sites More sharing options...
Ford-150 Posted October 9, 2008 Share Posted October 9, 2008 where the f**k are you guys getting below $3? i paid 3.64 for regular today:( Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted October 9, 2008 Share Posted October 9, 2008 where the f**k are you guys getting below $3? i paid 3.64 for regular today:( It's down to $3.16 here in SE Texas. Quote Link to comment Share on other sites More sharing options...
94bronco Posted October 9, 2008 Share Posted October 9, 2008 where the f**k are you guys getting below $3? i paid 3.64 for regular today:( Everywhere around here is around or under 3 and I can definently live with 2.95 which makes driving my truck a lot more wallet friendly than 4.25. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted October 9, 2008 Share Posted October 9, 2008 where the f**k are you guys getting below $3? i paid 3.64 for regular today:( Must be Kansas or Oklahoma http://www.fuelgaugereport.com/sbsavg.asp Unleaded gasoline is still $2.14 a litre in the UK in some places. Quote Link to comment Share on other sites More sharing options...
MillRight Posted October 9, 2008 Share Posted October 9, 2008 $2.87 around Kansas City ! Quote Link to comment Share on other sites More sharing options...
Sixt9coug Posted October 9, 2008 Share Posted October 9, 2008 $3.33 here in socal Quote Link to comment Share on other sites More sharing options...
jpd80 Posted October 9, 2008 Share Posted October 9, 2008 (edited) Must be Kansas or Oklahoma http://www.fuelgaugereport.com/sbsavg.asp Unleaded gasoline is still $2.14 a litre in the UK in some places. $1.47/litre here in Australia (AUD = 0.67 cents US conversion = US$3.80/ US Gallon) No wonder your angry, that's about half of what you pay. Edited October 9, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
goinbroke2 Posted October 9, 2008 Share Posted October 9, 2008 We're down to $1.19 a litre here in the maritimes but in toronto it's .99 a litre. (Or only $3.74 a gallon US...woohoo) Quote Link to comment Share on other sites More sharing options...
mikem12 Posted October 9, 2008 Share Posted October 9, 2008 I filled up yesterday near the Ford plant. $2.87 gotta remember additives and taxes make the difference. Mike We're down to $1.19 a litre here in the maritimes but in toronto it's .99 a litre. (Or only $3.74 a gallon US...woohoo) Quote Link to comment Share on other sites More sharing options...
papilgee4evaeva Posted October 9, 2008 Share Posted October 9, 2008 The highest I saw while heading out this morning was $3.26. Of course, that was a little bit after 6 AM, and stations don't change their prices until later in the day. Quote Link to comment Share on other sites More sharing options...
92merc Posted October 9, 2008 Share Posted October 9, 2008 Here in North Dakota, it's dropped in 2 weeks from 3.59 down to 3.19 this morning. It's rumored to be at 3.00 within another week... Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted October 9, 2008 Share Posted October 9, 2008 We're at $2.99 her in Central Missouri! Wooo hooo!! :happy feet: Quote Link to comment Share on other sites More sharing options...
MillRight Posted October 9, 2008 Share Posted October 9, 2008 Today it is down to $2.79 around Kansas City. Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted October 9, 2008 Share Posted October 9, 2008 Remember what happened before the election in 2006. Oil prices and fuel prices kept falling only to start rising again right after the election. And the Democrats took control of congress... So what's your point? Quote Link to comment Share on other sites More sharing options...
mustangfan100 Posted October 9, 2008 Share Posted October 9, 2008 LOL chrysler must be loving it with their $2.99 gas Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 9, 2008 Share Posted October 9, 2008 LOL chrysler must be loving it with their $2.99 gas Glad someone remembered that. What a worthless gimmick that gas card is for the customer now, huh? Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted October 9, 2008 Share Posted October 9, 2008 Glad someone remembered that. What a worthless gimmick that gas card is for the customer now, huh? LOL Nick, what will be the next great gimmick from Chrysler 100 free shares? Quote Link to comment Share on other sites More sharing options...
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