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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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