ODENTON

Experts: drivers can expect gas prices to keep falling

14 posts in this topic

$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/story/news/local/2014/10/09/experts-drivers-can-expect-gas-prices-to-keep-falling/17008559/

Edited by ODENTON

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

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

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

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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.

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

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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.baltimoresun.com/news/opinion/oped/bs-ed-horsey-oil-20141223-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!

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

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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.burlingtonfreepress.com/story/news/local/2015/01/26/gas-prices-low-go/22373809/

 

Still much better than last year

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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.burlingtonfreepress.com/story/news/local/2015/01/26/gas-prices-low-go/22373809/

 

Still much better than last year

Absolutely. I could live with $2.35 a gallon. 

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