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Average U.S. gas price tumbles to $2.48 a gallon
yahoo ^ | Nov 1, | USAToday

Posted on 11/01/2005 10:13:55 AM PST by george76

After topping $3 a gallon, average gas prices continued to plunge last week, falling to the lowest levels since Hurricane Katrina damaged Gulf Coast oil refineries.

"November is going to be somewhat of a weak month," Kloza says.

He predicts the price will bottom out between $2.10 and $2.35 a gallon nationwide, and is sticking to a prediction he made last week that gas could fall below $2 a gallon in some states.

The cheapest statewide average: Oklahoma's $2.14, according to travel club AAA.

Hawaii had the highest prices, averaging $3.01 a gallon.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events; Politics/Elections; US: Hawaii; US: Oklahoma
KEYWORDS: energy; gasprices; hawaiianeconomics; katrina; oil; pricecontrols; thankyoumrpresident; wilma
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1 posted on 11/01/2005 10:13:56 AM PST by george76
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To: george76

The cheapest statewide average: Oklahoma's $2.14, according to travel club AAA.



I saw it for $1.96 on Sunday morning, but I haven't been out of the house since then, so it might have gone lower. We're 40 miles east of OKC off of I40.


2 posted on 11/01/2005 10:16:10 AM PST by Okies love Dubya 2 ("To have a right to do a thing is not at all the same as to be right in doing it." G.K.Chesterton)
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To: george76

The wife paid $1.98 in Lake Manawa, Ia. yesterday.


3 posted on 11/01/2005 10:16:49 AM PST by Big Red Clay (Greetings from the Big Red State)
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To: Big Red Clay

It is as low as $2.23 here in southern Ohio.


4 posted on 11/01/2005 10:17:40 AM PST by Common Tator
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To: george76
Below 2 bucks in some places in OK

OK Gas Prices
5 posted on 11/01/2005 10:17:43 AM PST by MarkeyD (Cindy - The new 'C' word! I really, really loathe liberals.)
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To: Okies love Dubya 2

They know it's time to drop the price before the first natural gas heat bills arrive. Otherwise, people would riot.


6 posted on 11/01/2005 10:17:51 AM PST by mysterio
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To: Okies love Dubya 2

I saw 2.49$ in Alexandria, VA (Northern VA) yesterday. Amazing.


7 posted on 11/01/2005 10:18:59 AM PST by KC_Conspirator (This space outsourced to India)
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To: george76

It needs to come down another fifty cents at least to get people's dander down. Other wise, all it takes is another spook of some sort and back over three bucks it goes.


8 posted on 11/01/2005 10:19:43 AM PST by BoBToMatoE
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To: KC_Conspirator

$2.22 Millington, TN.


9 posted on 11/01/2005 10:19:58 AM PST by GailA (Glory be to GOD and his only son Jesus.)
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To: MarkeyD

Shawnee is where we are. That Murphy station at the WalMart is probably getting bombarded. It was nuts there on Friday when it was down to $1.99!

I bet there are some cheaper places in Shawnee, down away from the interstate. The stations down the road near our church are usually a few cents cheaper than the ones right off of I40.


10 posted on 11/01/2005 10:20:45 AM PST by Okies love Dubya 2 ("To have a right to do a thing is not at all the same as to be right in doing it." G.K.Chesterton)
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To: george76

$2.39 several days ago in Fuquay-Varina NC.


11 posted on 11/01/2005 10:20:58 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: george76

I'm seeing between $2.31 and $2.59 in parts of Central Texas.


12 posted on 11/01/2005 10:21:35 AM PST by COEXERJ145 (http://www.navyfield.com)
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To: Okies love Dubya 2

Lowest price in Boise is $2.659/gal for 87 (regular).


13 posted on 11/01/2005 10:21:42 AM PST by cruiserman
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To: george76

Reno 2.679


14 posted on 11/01/2005 10:25:08 AM PST by paradoxical
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To: BoBToMatoE

Hawaiian Pols Do a Favor for Economics Professors

The belief in magic never dies. Politicians in Hawaii apparently believe that ink on paper (backed up by policemen with guns) can keep the cost of gasoline lower than the price that would prevail on the market.


They're wrong. Shortages and queues will result from Hawaii's price controls on gasoline -- shortages and queues that will cause motorists to suffer higher costs than otherwise for each gallon of gasoline they manage to buy.


The silver lining around this politically induced foolishness is that it makes the teaching of economics easier.



So, while I pity poor Hawaiian motorists, I'll have lots of good, modern pictures of queues at gasoline stations to share with my students -- making my task of teaching the consequences of price controls easier than it would be otherwise.

http://cafehayek.typepad.com/hayek/2005/08/hawiian_pols_do.html


15 posted on 11/01/2005 10:25:36 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76
Hawaii had the highest prices, averaging $3.01 a gallon.

That's funny, because Hawaii has fixed prices. To protect the consumer, of course.

16 posted on 11/01/2005 10:26:00 AM PST by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: george76
I topped off yesterday. Regular was 2.49, Diesel was 3.01
17 posted on 11/01/2005 10:26:52 AM PST by ChadGore (VISUALIZE 62,041,268 Bush fans.)
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To: george76

Down to 1.97 in SW MO.


18 posted on 11/01/2005 10:28:22 AM PST by rightinthemiddle (I know my enemy. I have Cable TV.)
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To: george76
The cheapest statewide average: Oklahoma's $2.14, according to travel club AAA. Hawaii had the highest prices, averaging $3.01 a gallon.

Geez. If gas is at 3.01 in Hawaii when it is at 2.14 (I alos heard 2.07) in Oklahoma, then what in goodness blazes was the price of gas in Hawaii when it was over 3 bucks in OKC?

19 posted on 11/01/2005 10:36:03 AM PST by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: george76

The cost of production went way down, right????


20 posted on 11/01/2005 10:38:09 AM PST by cynicom
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To: george76

$2.09 here


21 posted on 11/01/2005 10:39:14 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: george76

$4.52 a gallon here in Galena, Alaska

Good thing I don't own anything that needs gasoline or oil products [room and board paid and I drive a company truck or I walk]


22 posted on 11/01/2005 10:41:02 AM PST by hattend (Rum and Coke, please!)
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To: rightinthemiddle

$2.03 at a BP in Des Moines.


23 posted on 11/01/2005 10:41:54 AM PST by Don'tMessWithTexas
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To: COEXERJ145

Hubby paid $2.29 in Austin.


24 posted on 11/01/2005 10:45:31 AM PST by TXBubba ( Democrats: If they don't abort you then they will tax you to death.)
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To: Phantom Lord
Fuquay-Varina NC.

Say that three times real fast!

25 posted on 11/01/2005 10:45:35 AM PST by ARealMothersSonForever (Proud to be named as a member of the Radical Right Wing. Vast Right Wing got old.)
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To: Common Tator

$2.15-2.16 here in Northeastern Ohio, at least outside of the City of Cleveland. Even less if you shop at certain grocery chains that give rebates on gasoline.


26 posted on 11/01/2005 10:46:52 AM PST by mak5
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To: cynicom
No, but the removal of immediate supply threats has had the normal (and salubrious) effect of eliminating panic demand, as for instance occurred in Atlanta. Plus, there has been a good deal of demand destruction -- again, entirely as normal -- which lost demand will return to the mkt only slowly.

As ever, the cure for high prices is...high prices.

27 posted on 11/01/2005 10:51:53 AM PST by SAJ
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To: SAJ

Supply and demand, I see.


28 posted on 11/01/2005 10:54:49 AM PST by cynicom
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To: george76
Yawn... Ask me if I care.

A lot of us work 6 months paying TAXES; and then some p!ss and moan about gasoline prices?!

(shaking head and rolling eyes)

29 posted on 11/01/2005 10:56:03 AM PST by Cobra64
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To: mak5

Examples of the free market and it's wonderful. Gas in europe over 6.00 a gallon and those idiots think that's ok. It's mostly taxes to finance 35 hour work???? week, six weeks of vacation, years for unemployment insurance, national health care???? Total socialism {communism}. Give up your money to the gummint and they will take care of you. Nah, I'll take it our way. You pays your nickel, you takes your chances.


30 posted on 11/01/2005 10:58:40 AM PST by USS Alaska (Nuke the terrorist savages - In Honor of Standing Wolf)
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To: cynicom

Hawaiian Economics and price controls

In a repeat of legislative history, Hawaii has shown that its politicians are neither historians nor economists.

They contradict themselves, saying on one hand that they would like incentives for new sources of energy to be developed. Then, on the other hand, they would like for oil to be cheaper.

Rather than allowing market forces to negotiate the optimum levels, those supporting the price controls believe that they are the most qualified to make such decisions.

Another example of central planning at its best.


http://capitalfreedom.blogspot.com/2005/08/hawaiian-economics.html


31 posted on 11/01/2005 11:02:21 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: cruiserman
Check out this site Boise Gas Prices
32 posted on 11/01/2005 11:03:04 AM PST by MarkeyD (Cindy - The new 'C' word! I really, really loathe liberals.)
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To: MarkeyD

$2.41 in Rock Hill,SC


33 posted on 11/01/2005 11:05:52 AM PST by Robe (Rome did not create a great empire by talking, they did it by killing all those who opposed them)
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To: george76
Wonder what the average price is in "red states" as compared to "blue states."

Off to search engines Robin....

34 posted on 11/01/2005 11:10:15 AM PST by N. Theknow (Kennedys - Can't drive, can't fly, can't ski, can't skipper a boat - But they know what's best.)
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To: george76

1/2 mile from the refinery that makes it...2.59 gal regular unleaded.


35 posted on 11/01/2005 11:11:19 AM PST by chemicalman (Don't get stuck on stupid.)
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To: USS Alaska

It isn't just Europe. I was in Canada a week ago and gas was going for almost $4.00 Canadian per gallon (even after convering from liters to gallons)...that is, even at current exchange rates, well over $3.50 US per gallon. We managed to get back into the US before refueling, even at New York state rates. Those regulated, planned economies work so well, don't they?


36 posted on 11/01/2005 11:11:55 AM PST by mak5
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To: george76

BUSH'S FAULT lol ;)


37 posted on 11/01/2005 11:13:35 AM PST by DM1
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To: george76

"After topping $3 a gallon, average gas prices continued to plunge last week, falling to the lowest levels since Hurricane Katrina damaged Gulf Coast oil refineries. "

They cannot even make that sound good.

Must be Bush's fault.


38 posted on 11/01/2005 11:15:29 AM PST by EQAndyBuzz (Liberal Talking Point - Bush = Hitler ... Republican Talking Point - Let the Liberals Talk)
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To: george76

On October 30 2005 (8:30pm), a BP station located on Route 8 in Ohio was charging $2.03 a gallon. This station is located East of I-271. You should have seen the lines at the pumps. Would have stopped if my tank were not full.


39 posted on 11/01/2005 11:17:24 AM PST by mr_hammer (They have eyes, but do not see . . .)
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To: george76

Averaging $2.41 for regular her in Dallas.

http://www.fuelgaugereport.com/TXmetro.asp


40 posted on 11/01/2005 11:33:14 AM PST by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: george76

$2.29 in southern Perry County, Indiana


41 posted on 11/01/2005 11:42:31 AM PST by MyFreedomIHoldDear
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To: george76

I hope the Dems keep talking about $3 per gallon gas. Each time they say $3 gas, the consumer will think, "I just paid $2.48" and think they got a good deal compared to everyone else.

Continuing to talk about $3 gas will make $2 gas seem like a deal to the average Joe voter who hears the D's complaining about $3 gas.

When gas is $2, the D's need to complain about the high cost of $2 gas, not $3 gas.


42 posted on 11/01/2005 12:06:04 PM PST by B-bone
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To: mak5

Yep, and a cup of coffee at starbucks is at least $4.00. Does anybody ever bitch about paying a buck for a pint of WATER? How about cable tv? cell phone charges? condoms? bullets for my .357? lap dances? 12 year old whiskey? All of the "requirements of life"??????


43 posted on 11/01/2005 12:39:31 PM PST by USS Alaska (Nuke the terrorist savages - In Honor of Standing Wolf)
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To: mak5
Yes I have noticed that gasoline is usually a bit cheaper in Northeastern Ohio.

But as others have remarked .. the law of supply and demand is working.

44 posted on 11/01/2005 12:51:30 PM PST by Common Tator
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To: MarkeyD

I have already. Thanks.


45 posted on 11/01/2005 3:50:34 PM PST by cruiserman
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To: hattend

Does the tanker truck have wings on it?


46 posted on 11/01/2005 3:52:46 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: george76

$2.15 in Detroit. I-94 and Livernois. Don't go there after dark.


47 posted on 11/01/2005 3:53:23 PM PST by rasblue
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To: RightWhale
Does the tanker truck have wings on it?

If there was an emergency need then yes, it would be flown in but it's barged in at breakup and just before freeze-over. There is only one gas station so it's a monopoly, you have to buy from the guy or barge your own stock in. Typical bush business.

48 posted on 11/01/2005 4:32:19 PM PST by hattend (Rum and Coke, please!)
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To: hattend

Got below zero in Fairbanks first time today. So far like the winter of 75, where it was just 45 below by Thanksgiving.


49 posted on 11/01/2005 4:54:20 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: cynicom
Some. Oil has dropped about 15%. Also, refineries are coming back on line, pipelines have been repaired and the summer driving season is over so demand is down.

Less costly raw product plus easier distribution plus higher production plus lower demand equals lower prices.

50 posted on 11/01/2005 5:00:31 PM PST by Harmless Teddy Bear (Not all problems can be solved with a sledge hammer. Sometimes nitroglycerin is required. Or a Nuke)
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