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Experts: drivers can expect gas prices to keep falling

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#1 ODENTON

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Posted 11 October 2014 - 02:57 PM

$3.01gal at the Wawa @ Rt 301 and Rt 175.

 

 

If the pain at the pump seems to be easing lately—it is.

AAA said the price of gas is falling across the country by an average drop of 40-cents a gallon since July 4. Experts said it could go even lower by the time the holiday season comes around.

"The economy is certainly going to get a nice boost from lower gas prices," AAA spokesperson Michael Green said.

"Crude oil has dropped significantly from its early summer highs and this is partly, because we are producing more oil in the United States than we have in over 30 years," said Denver-based financial analyst Bruce Allen.

The current price of a barrel of oil is around $87. Experts said more oil production here in the U.S. is leading to greater supply, which translates into lower gas prices.

 

http://www.9news.com...lling/17008559/


Edited by ODENTON, 11 October 2014 - 03:02 PM.


#2 demopublican

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Posted 12 October 2014 - 09:43 AM

Imagine where it could be if we got the Keystone Pipeline done!

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#3 Shad

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Posted 12 October 2014 - 11:13 AM

The Keystone pipeline wouldn't affect it at all. That's for export only.



#4 demopublican

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Posted 12 October 2014 - 06:09 PM

Oh. So you think our prices here are not influenced by the world market?

"Townes Van Zandt is the best songwriter in the whole world and I'll stand on Bob Dylan's coffee table in my cowboy boots and say that." — Steve Earle.

Disclaimer: I hate the Democrats and the Republicans but I am a registered Democrat. That way I can vote against O'Malley more often.


#5 Shad

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Posted 13 October 2014 - 10:54 AM

The Keystone pipeline won't make things cheaper. The oil is being shipped right now across the Great Lakes like it always has been. The quantity isn't going to change. The only benefit to the the US would be a couple of thousand temporary construction jobs.



#6 ODENTON

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Posted 15 October 2014 - 08:36 PM

$2.95 a gal



#7 Shad

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Posted 16 October 2014 - 11:02 AM

$2.84 when I filled up the rental car this morning in Missouri.



#8 boink

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Posted 26 December 2014 - 07:11 AM

The same people who are gushing over cheap gas are probably the same ones who say we need to do something about alleged anthropogenic climate change.

 

 

http://www.baltimore...1223-story.html

 

Lower-cost fossil fuels will mess with the economic viability of alternative energy businesses. Ultimately, cheap gas means more CO2 in the atmosphere, more melting glaciers, more sea levels rising and more climate extremes making life on Earth much less pleasant.

 

 

Other than that, cheap gas is great news. Happy driving!



#9 Scaggsville

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Posted 15 January 2015 - 07:53 AM

$1.89/gal  @ Freestate Rt 1 Laurel



#10 tsmonk

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Posted 15 January 2015 - 10:54 AM

I paid $ 1.979/gallon at the Glen Burnie Costco this morning.



#11 ODENTON

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Posted 25 January 2015 - 09:20 PM

$1.97/gal  @ Wawa in Gambrills.................never thought I'd see these prices again



#12 tsmonk

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Posted 26 January 2015 - 08:25 AM

It was $1.91/gal at Costco in Glen Burnie this morning.



#13 bmore_ken

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Posted 27 January 2015 - 05:01 PM

Welcome back, $1.99!" said GasBuddy.com senior petroleum analyst Patrick DeHaan in a news release on Monday.

DeHaan said the nation will see the return to a national average gas price of $1.99 per gallon this week, but "motorists shouldn't expect it to last very long."

 

DeHaan said refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a "soft bottoming out" of the national average price for gas before a small recovery back in the "very low $2's."

 

"And while this year will still feature far lower prices than last year, we'll be subject to a seasonal lift in gasoline prices as refineries slow production to do maintenance and to make the progressive switch over to cleaner burning summer gasoline," DeHaan said.

 

Last year, prices began to rise during the second week of February and lasted until the beginning of May, with an average national increase of 35 cents per gallon. DeHaan said he expects a similar increase this year.

http://www.burlingto...ow-go/22373809/

 

Still much better than last year


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#14 Struds

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Posted 28 January 2015 - 09:11 AM

Welcome back, $1.99!" said GasBuddy.com senior petroleum analyst Patrick DeHaan in a news release on Monday.

DeHaan said the nation will see the return to a national average gas price of $1.99 per gallon this week, but "motorists shouldn't expect it to last very long."

 

DeHaan said refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a "soft bottoming out" of the national average price for gas before a small recovery back in the "very low $2's."

 

"And while this year will still feature far lower prices than last year, we'll be subject to a seasonal lift in gasoline prices as refineries slow production to do maintenance and to make the progressive switch over to cleaner burning summer gasoline," DeHaan said.

 

Last year, prices began to rise during the second week of February and lasted until the beginning of May, with an average national increase of 35 cents per gallon. DeHaan said he expects a similar increase this year.

http://www.burlingto...ow-go/22373809/

 

Still much better than last year

Absolutely. I could live with $2.35 a gallon. 






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