Gas predicted to fall below $3 and stay for rest of year

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JT Moderator	Message Posted: 10/14/2008 9:46:10 AM	Ignore JT Report Abuse
	Tuesday, October 14, 2008 Rocky Mountain News -- Gasoline prices across Colorado have tumbled nearly $1 a gallon since this summer's record high of $4.093 a gallon on July 17, and experts say prices will slide below $3 a gallon in the coming weeks and stay there through the end of the year. There's more good news: Experts say the $4-a-gallon days are over for the foreseeable future - that is, until the U.S. economy recovers. Unless events such as a major refinery fire or a pipeline bursts send prices back up again, experts say they will continue to slide - due to the threat of a global recession, a supply glut and weak demand. On Monday, several gas stations in metro Denver were selling gas for less than $3 a gallon. Visit Rocky Mountain News for full article

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dmina425 Rookie Author Georgia Posts:41 Points:13,200 Joined:Oct 2008	Message Posted: 10/16/2008 6:58:25 PM	Ignore dmina425 Report Abuse
	Under $3 is nice...but expect the unexpected. I'm sure our government will find some way to screw us out of anything we try to save.
skybiker Sophomore Author South Carolina Posts:248 Points:51,905 Joined:Jul 2008	Message Posted: 10/15/2008 9:15:24 PM	Ignore skybiker Report Abuse
	Yes, I will not go back to fast freeway driving and jackrabbit starts. Gotta conserve always.
MacGyver_1701 Champion Author Indiana Posts:5,249 Points:1,155,300 Joined:Feb 2005	Message Posted: 10/15/2008 12:53:49 PM	Ignore MacGyver_1701 Report Abuse
	I would like $2 better, but one step at a time.
EarlyMoose Champion Author Seattle Posts:1,879 Points:701,805 Joined:Dec 2005	Message Posted: 10/15/2008 10:14:50 AM	Ignore EarlyMoose Report Abuse
	My 401k is expected to stay down for the rest of the year too. More if the elections go south.
ramshot412 Champion Author Riverside Posts:12,062 Points:1,208,555 Joined:Apr 2004	Message Posted: 10/15/2008 10:11:42 AM	Ignore ramshot412 Report Abuse
	"These reductions are great - just what the government wants us to think. These prices are outlandish still. We need to keep fighting back or we will lose this battle altogether." We lost the battle over 100 years ago. The Feds should have nationalized the oil Standard Oil instead of splitting it up.
VicSam Rookie Author San Antonio Posts:22 Points:32,840 Joined:Mar 2008	Message Posted: 10/15/2008 10:09:58 AM	Ignore VicSam Report Abuse
	Hey people ... even though gas prices are falling, if you already were doing something to save gas$$, DON’T RETURN TO YOUR OLD HABITS! Use your brain and save some money ... while you can.
ladyjj Champion Author Tennessee Posts:1,585 Points:174,410 Joined:Apr 2008	Message Posted: 10/15/2008 10:03:21 AM	Ignore ladyjj Report Abuse
	I have seen 3.09 around here and that was in Smyrna TN.. This is still way to high for fuel. I say do all you can to keep conserving and maybe it will drop even futher!
wwcj Veteran Author Virginia Posts:373 Points:92,955 Joined:Jul 2008	Message Posted: 10/15/2008 9:59:11 AM	Ignore wwcj Report Abuse
	They only way we can insure that this will happen is to make sure that the Drill Now, Drill often, will happen in the next congress. We should only elect Senators and House members that promise to vote for Drilling. Serious rumors are that Pelosi and Reed will re-invoke the drilling band right after the elections. This will happen wether Obama is elected or not. Need to keep the pressure on congress. If you want lower energy prices, we have to have use all sources of energy, especially the kinds that Democrats do want us to use, like nuclear power. Remember, Nancy Pelosi, thinks she is in office to 'save the planet,'
Gerund1 Champion Author Toronto Posts:1,166 Points:830,985 Joined:Apr 2003	Message Posted: 10/15/2008 9:54:40 AM	Ignore Gerund1 Report Abuse
	I noted, with some interest as I drove by with a full tank, that although the price of oil went down a good deal yesterday, the price of gas in my area went up about 3 cents/litre. Would you think that there is something just a little wrong with this picture???
noelblak Sophomore Author Oregon Posts:184 Points:162,460 Joined:Sep 2005	Message Posted: 10/15/2008 9:52:38 AM	Ignore noelblak Report Abuse
	It would be nice
Tatalah Champion Author Los Angeles Posts:2,333 Points:922,765 Joined:May 2003	Message Posted: 10/15/2008 9:51:50 AM	Ignore Tatalah Report Abuse
	90.00 per barrel oil can easily be translated to 4.50 gas. Don't be lulled to sleep. We need to eliminate our oil dependency.
plumb37 Champion Author Quebec Posts:2,560 Points:112,115 Joined:Jun 2008	Message Posted: 10/15/2008 9:49:07 AM	Ignore plumb37 Report Abuse
	Gas and oil prices will never come into line unless you compare them to the price of oil last month. When the price of oil comes out it is a future price. The price today is for the month of November. Also, OPEC and Canada sell oil, they are not in the business of selling gas. Take a look at the refineries in the US and Canada as to why the price of gas is what it is today.
w4kh Champion Author Riverside Posts:3,730 Points:654,795 Joined:May 2004	Message Posted: 10/15/2008 9:48:08 AM	Ignore w4kh Report Abuse
	We are still well above $3.00/gallon west of Los Angeles in the mid-desert... does seem to bother the commuters in 4x4 crew cab pickups with one driver, no passengers, and his foot to the floor... guess filling up more often doesn't enter the small brains of folks like that, which keeps them on the financial edge... 15% waste equates to about 60 cents/gallon higher cost over a month, but it is the dollars per fillup that have them acting foolish... very same mentality that fueled the sub-prime mortgage and its collapse... very sad, and rather dangerous
TBONE3 All-Star Author Pennsylvania Posts:672 Points:369,805 Joined:Mar 2005	Message Posted: 10/15/2008 9:41:05 AM	Ignore TBONE3 Report Abuse
	About 75% of the brands here are below $3.
Chazzer Champion Author Nevada Posts:8,147 Points:1,742,560 Joined:May 2002	Message Posted: 10/15/2008 9:39:42 AM	Ignore Chazzer Report Abuse
	We can only hope!
Cuzilla Champion Author Indianapolis Posts:6,026 Points:1,012,375 Joined:Sep 2005	Message Posted: 10/15/2008 9:37:07 AM	Ignore Cuzilla Report Abuse
	Thanks for the news!
stvpete Rookie Author Minnesota Posts:78 Points:382,985 Joined:Sep 2006	Message Posted: 10/15/2008 9:36:10 AM	Ignore stvpete Report Abuse
	Oil is down 55%, gas down 25. Something is wrong with this picture
SeerLV All-Star Author Las Vegas Posts:597 Points:143,915 Joined:Jun 2008	Message Posted: 10/15/2008 9:34:16 AM	Ignore SeerLV Report Abuse
	We have a few stations at $2.99 but most are $3.15 or higher. Better than $4.00!
travelzonecente All-Star Author Riverside Posts:604 Points:160,580 Joined:Jun 2008	Message Posted: 10/15/2008 9:32:42 AM	Ignore travelzonecente Report Abuse
	Demand in the Inland Empire California for fuel has dropped aprox. 4%. The economy is definetly a part of the demand reduction.
Don20 Champion Author Oklahoma City Posts:1,597 Points:1,027,620 Joined:Mar 2005	Message Posted: 10/15/2008 9:32:12 AM	Ignore Don20 Report Abuse
	It has been below $3.00 here for several weeks..
RAC110 Veteran Author Massachusetts Posts:290 Points:790,100 Joined:Mar 2003	Message Posted: 10/15/2008 9:32:05 AM	Ignore RAC110 Report Abuse
	Okay !!!!
krucker All-Star Author Austin Posts:616 Points:431,955 Joined:Aug 2004	Message Posted: 10/15/2008 9:29:02 AM	Ignore krucker Report Abuse
	CERTAINLY HOPE SO!!!!
phatride92 Champion Author Kansas Posts:3,820 Points:953,255 Joined:Oct 2005	Message Posted: 10/15/2008 9:28:01 AM	Ignore phatride92 Report Abuse
	ok
racerdj Champion Author Indianapolis Posts:1,698 Points:446,035 Joined:Jun 2003	Message Posted: 10/15/2008 9:24:50 AM	Ignore racerdj Report Abuse
	It's still higher than 1 year ago.
ooops Sophomore Author Virginia Posts:168 Points:24,165 Joined:Aug 2008	Message Posted: 10/15/2008 9:19:10 AM	Ignore ooops Report Abuse
	Still not low enough.
tapprach Rookie Author Michigan Posts:10 Points:1,650 Joined:Oct 2008	Message Posted: 10/15/2008 9:18:13 AM	Ignore tapprach Report Abuse
	These reductions are great - just what the government wants us to think. These prices are outlandish still. We need to keep fighting back or we will lose this battle altogether.
laddyboy62 Champion Author Riverside Posts:1,651 Points:1,008,185 Joined:Mar 2005	Message Posted: 10/15/2008 9:17:20 AM	Ignore laddyboy62 Report Abuse
	barrel..is just about where it was last year...but yet price per gallon 50cents more...and it will rise as we get closer to the holidays...so lets all keep doing..what we have been doing...and thats drive smarter and less
fastfreddy38 All-Star Author Ontario Posts:900 Points:922,210 Joined:Aug 2005	Message Posted: 10/15/2008 9:15:06 AM	Ignore fastfreddy38 Report Abuse
	Good idea!
siouxbear Champion Author Ontario Posts:6,659 Points:540,810 Joined:Aug 2006	Message Posted: 10/15/2008 9:14:05 AM	Ignore siouxbear Report Abuse
	we need to move to hydrogen fuel cells then they will be giving the oil away
PokerAce Champion Author Louisiana Posts:1,534 Points:310,005 Joined:Jan 2008	Message Posted: 10/15/2008 9:12:45 AM	Ignore PokerAce Report Abuse
	Count it ......
laddyboy62 Champion Author Riverside Posts:1,651 Points:1,008,185 Joined:Mar 2005	Message Posted: 10/15/2008 9:10:02 AM	Ignore laddyboy62 Report Abuse
	still 50 cents higher then last year..same day
hank1326 All-Star Author Los Angeles Posts:580 Points:140,580 Joined:Jun 2008	Message Posted: 10/15/2008 9:09:47 AM	Ignore hank1326 Report Abuse
	Keep on conserving. Drive less, walk more.
jeteye Veteran Author Austin Posts:474 Points:128,130 Joined:Jul 2004	Message Posted: 10/15/2008 9:07:06 AM	Ignore jeteye Report Abuse
	this is old news
wizzard3040 Veteran Author St. Louis Posts:460 Points:182,475 Joined:May 2008	Message Posted: 10/15/2008 9:07:02 AM	Ignore wizzard3040 Report Abuse
	Global economic forcast is/has dropped over the EDGE!
NedW All-Star Author Indianapolis Posts:668 Points:169,280 Joined:Mar 2008	Message Posted: 10/15/2008 9:06:55 AM	Ignore NedW Report Abuse
	The trend of reducing the United States of American to 3rd world status by many in our own government and, seemingly, a few of its citizens, continues unabated. There’s a more ‘descriptive’ way of phrasing the last sentence but it would probably not be acceptable on this forum. Please contact your representatives and senators and hold them accountable to their sworn oath to "protect, preserve, and defend” our constitution! That is not only our right but, our responsibility. If you’re unsure of who’s yours are you can find out quickly, as well as how to contact them, by going to the following web sites: Senators www.senate.gov Congressperson www.house.gov
Kerdink Veteran Author Cincinnati Posts:349 Points:89,055 Joined:Jun 2008	Message Posted: 10/15/2008 9:05:34 AM	Ignore Kerdink Report Abuse
	$1.75 a gallon sounds even better
SilverFoxHMT Veteran Author Riverside Posts:265 Points:131,105 Joined:May 2008	Message Posted: 10/15/2008 9:05:25 AM	Ignore SilverFoxHMT Report Abuse
	Not holding my breath, CA is always the highest in CONUS! Currently switching, if not already done, to winter blend!
tigeriz Veteran Author Maine Posts:302 Points:73,145 Joined:Aug 2008	Message Posted: 10/15/2008 9:05:19 AM	Ignore tigeriz Report Abuse
	I hope that's true.
Dennis783 Champion Author Wisconsin Posts:5,673 Points:1,136,795 Joined:Sep 2005	Message Posted: 10/15/2008 9:05:10 AM	Ignore Dennis783 Report Abuse
	Bet they are up again by end of November - after the elections
gordonfan05 Sophomore Author Illinois Posts:126 Points:184,140 Joined:Apr 2005	Message Posted: 10/15/2008 9:04:38 AM	Ignore gordonfan05 Report Abuse
	I'm liking it!
falconmb Champion Author Austin Posts:13,794 Points:422,675 Joined:Jul 2007	Message Posted: 10/15/2008 9:04:21 AM	Ignore falconmb Report Abuse
	how about a fall below $2?
tomok Champion Author Portland Posts:9,935 Points:732,960 Joined:Aug 2006	Message Posted: 10/15/2008 9:00:14 AM	Ignore tomok Report Abuse
	That’s right - prices need to fall and go much lower too....... fall, fall, fall and conserve, conserve, conserve.....
Gassie1 Champion Author Akron Posts:4,468 Points:578,710 Joined:Apr 2007	Message Posted: 10/15/2008 8:59:06 AM	Ignore Gassie1 Report Abuse
	Need lower than 1.50
wizzard1222 Veteran Author St. Louis Posts:463 Points:717,850 Joined:Mar 2006	Message Posted: 10/15/2008 8:58:38 AM	Ignore wizzard1222 Report Abuse
	Crude below $75
kh_in_pv Rookie Author Kansas City Posts:41 Points:115,295 Joined:May 2007	Message Posted: 10/15/2008 8:58:27 AM	Ignore kh_in_pv Report Abuse
	Down to $2.45 outside of Kansas City.
markmoore80 All-Star Author North Carolina Posts:841 Points:290,280 Joined:Apr 2004	Message Posted: 10/15/2008 8:58:11 AM	Ignore markmoore80 Report Abuse
	Do I hear 2.50, 2.50, 2.50... now a how about 2.25, 2.25 - com'on gimme 2.25... now 2, can I get 2...
GooseMI Champion Author Grand Rapids Posts:1,778 Points:395,440 Joined:Sep 2007	Message Posted: 10/15/2008 8:57:35 AM	Ignore GooseMI Report Abuse
	More for Christmas
ww2gas All-Star Author Virginia Posts:571 Points:245,455 Joined:May 2007	Message Posted: 10/15/2008 8:56:25 AM	Ignore ww2gas Report Abuse
	Amen.
marsjoe Sophomore Author Pittsburgh Posts:188 Points:109,420 Joined:Oct 2005	Message Posted: 10/15/2008 8:56:18 AM	Ignore marsjoe Report Abuse
	How about below $2!!!!!!!!
Mark75 Sophomore Author Atlanta Posts:151 Points:72,400 Joined:May 2006	Message Posted: 10/15/2008 8:55:12 AM	Ignore Mark75 Report Abuse
	Let them keep falling!!! More money saved on gas, the more money we can save or put back into our own economy.

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