Comments on: Are we going to see $2/gallon gas again ? Will gas follow crude oil’s fall to $52/bbl, a 20 month low !?

By: mike b

mike b — Mon, 01 Mar 2010 19:33:59 +0000

its $1.99 in louisville ky
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By: Lemar J

Lemar J — Mon, 01 Mar 2010 18:53:59 +0000

I paid $1.89 near KC on yesterday
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By: Hawk996

Hawk996 — Mon, 01 Mar 2010 18:05:59 +0000

I hope so, I would like to see prices fall to under $1.00 again.
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By: Annonymas

Annonymas — Mon, 01 Mar 2010 17:41:59 +0000

What you have to remember is that gas prices are an amalgam of many different factors. You have to remember the both India and China are beginning to industrialize. China alone will be able to reach our gas usage rate in a couple years. This obviously drives up the price. Supply and demand aren’t the only factors. For example, did you know that congress taxes the oil companies so much that they make more money from oil the the actual companies do? Big oil is villanized in the media but more than half of what you pay for are for taxes and additives to the fuel you use. People need to get it into their thick skulls that corporations don’t pay taxes, consumers do. So if you want to blame someone don’t blame Bush, blame congress. People also need to learn that the legislative branch and the executive branch have different powers and responsibilities. Sorry about that last part, I’m just still a little angry from the idiots that votes democrat in this last election.

FYI it won’t ever go below $2.00 again unless a couple of things happen. The only realistic one being that a large number of oil veins are discovered and used. Not like the ones being ignored in Alaska. The unrealistic one is that Congress decreases the taxes on the oil companies. That will never happen because people don’t know the few pennies that oil companies make off of every gallon. China and India are only going to consume more and more, so you should actually expect oil prices to rise.
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By: waz_up_dog2009

waz_up_dog2009 — Mon, 01 Mar 2010 17:21:59 +0000

I live in St. Louis Missouri and around here we are paying 1.96 to 1.98 a gallon.
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By: armenharoutunian

armenharoutunian — Mon, 01 Mar 2010 16:31:59 +0000

It's 2.57 here in Los Angeles.
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By: Dodge_fan

Dodge_fan — Mon, 01 Mar 2010 16:04:59 +0000

Guess it depends on where you live. In Minnesota, gas prices have already dropped past the $2-per-gallon area. I paid $1.97 yesterday to fill up.

Seems to me that oil and gas prices do kind of correspond but it takes time for the gasoline prices to catch up to the oil prices, as that price-per-barrel is what refineries pay for certain types of oil – "sweet", "sour", light, heavy – and where it’s refined and what it is refined into – natural gas, gasoline, etc.

See this link for more info.

http://tonto.eia.doe.gov/ask/crude_types1.html
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By: sean_jones2002

sean_jones2002 — Mon, 01 Mar 2010 15:29:59 +0000

It's $1.87 at the gas station down the street from me. I live in Minneapolis.
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By: ROBERT S

ROBERT S — Mon, 01 Mar 2010 15:18:59 +0000

it's &1.95 here in kansas city
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By: boring_kind_of_anger

boring_kind_of_anger — Mon, 01 Mar 2010 15:02:59 +0000

i’m not sure what part of the country you’re from, but here in south texas we are already seeing the gas prices drop to about $1.98 – $2.10
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