Posted on 10/12/2008 1:51:33 PM PDT by Sub-Driver
U.S. gasoline price marks biggest drop ever -survey Sun Oct 12, 2008 4:04pm EDT
By Ilaina Jonas
NEW YORK, Oct 12 (Reuters) - The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.
The national average price for self-serve, regular unleaded gas fell 35.03 cents to $3.3079 a gallon on Oct. 10 from $3.6582 two weeks earlier, according to the nationwide Lundberg Survey.
It was the lowest national average price since March 21, 2008. Since peaking at $4.1124 on July 11, the average cost of a gallon of gas has receded by 80.45 cents. Diesel fuel fell 21 cents to $3.95 a gallon, the first time since March that it has been below $4.00 a gallon.
"Plummeting oil prices and caving gasoline demand have combined to bring the biggest retail gasoline price cut in the history of the market," Trilby Lundberg, who compiles the survey, said in an interview. "We've been doing this 58 years. This is truly the biggest price drop."
(Excerpt) Read more at reuters.com ...
Gas prices are so last year. This year it’s the stock market and the finnancial crisis. Or so the MSM tells us.
$3.14 per gallon today off Interstate 40 in a little town west of Nashville TN.
Yeah and they have about another $1 to go.
$2.99 here (30 miles east of Cleveland).
$2.99 in Fort Worth.
$2.89 Western Milwaukee,WI area
It is at $2.87 at our Sams Club. Almost down to Katrina highs in our area. When it hit $2.50 just after Katrina it was a shock!
$2.58 in MN. Drop, baby drop and drill, baby drill!
Goo. Hope they slide all the way to a buck a gallon.
goo=good
$2.72 at Walmart in Davenport, IA
I heard Barack “The One” Obomba said, “Let there be a reduction in gas prices”...and BAM...
$3.29 here in Denver. Still high gas prices. Just because the price is down from $.29 doesn’t mean they are not high.
292 here in SJ
Well hopefully that bailout can get the gas prices back up where they are supposed to be soon..........................
Bushes Fault... Of Course since no one remembers Polesi said she liked pices being high and was going to block drilling.
$3.88 in Wasilla last time I checked (yesterday afternoon).
$3.09 in Chattanooga. Probably a little cheaper at WalMart. I’m glad the shortage has ended. It took a few weeks to get things back in order after Hurricane Ike.
$2.97 in Derry, NH...even with all the leaf peepers runnign around
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