Oct 7th, 2008 | Gas survey

Is this a sign that gas prices will be mellowing out in the upcoming year?


U.S. retail gasoline prices fell 15 cents per gallon, dropping below the average $3.50 per gallon for the first time in six months.....The declining pump rates are a result of cheaper crude oil and less demand on gasoline.

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21 votes, 347 views , 8 comments
 
 
Poll tags:Gas, Oil, Pump, Fuel, Prices

 
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Comments (8)
Samantha_willow
(Reply)
United Kingdom

posted Nov 11th, 2008 at 04:58 CST

Fuel prices here in England are falling, very slowly, but falling. However, we're still paying the equivalent of approximately $6.43 a gallon!

Raz
(Reply)
Australia

posted Oct 12th, 2008 at 20:52 CDT

Nope, don't think so.

Philgtaylor
(Reply)
Australia

posted Oct 7th, 2008 at 21:39 CDT

yes, that is local demand for fuel going down. But global demand is rising.

Drowlord
(Reply)
Texas, United States

posted Oct 7th, 2008 at 12:58 CDT

If people are doing less recreational driving, demand might be going down.  I know people who used to party all over the DFW Metroplex.  They could easily drive 150 miles in a weekend just hitting "the right bars" with their social groups all over the city.  I always thought it was disingenuous to complain about gas when they'd drive 60 miles on a weeknight to hang out with someone... I don't talk to most of them anymore, but from their blogs, $4 gas started to teach some of them to enjoy their off-time at home, or at least party nearby.-One of the big reasons that I'm an internet addict is because computers are such incredibly cheap entertainment.  Per hour, there is hardly anything that you can do that's cheaper than playing computer games or social networking online.  If you have a library nearby, reading might be cheaper -- or at least close.

Philgtaylor
(Reply)
Australia

posted Oct 7th, 2008 at 09:55 CDT

The demand is still increasing, the supply isnt increasing and cannot increase in the near future. So, therefore, due to the law of supply and demand, the price of fuel aint going down.

Pickerupper
(Reply)
Australia

posted Oct 7th, 2008 at 08:44 CDT

You neglected to leave a simple "no" option as an answer.

Johnson
(Reply)
Connecticut, United States

posted Oct 7th, 2008 at 08:23 CDT

Is that right? I was not aware of that sir.Jee, I hope it's true. This country could certain use a break in it's collective piggy bank.

Bmccue7
(Reply)
Georgia, United States

posted Oct 7th, 2008 at 08:02 CDT

Gas prices usually fall before a national election.

 
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