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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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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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