Is $2-a-gallon gas on the way?

Dantheman62 · 02-14-2009, 06:53 PM

Two-dollar-a-gallon gas could be back soon if current trends hold.

The average gas price in metro Atlanta jumped 14 cents a gallon in the past week and 20 cents in the past month — despite relatively low crude oil prices.

Saturday’s average was $1.86 a gallon, according to atlantagasprices.com, which tracks prices based on motorist reports.

That compared to $1.82 on Friday, $1.78 a week ago and $1.66 a month ago.

But it was still far lower than a year ago, when the average was nearly $3.

The national average was $1.96 on Friday, according to AAA, up from $1.80 a month ago.

Crude oil prices tumbled all week until Friday, when they rebounded 10 percent to settle at $37.51 a barrel on the New York Mercantile Exchange.

Experts say the disconnect between crude oil prices and rising gasoline prices stems from refinery production cuts, in part to hold up profits amid weak demand and also because of seasonal maintenance.

Some think prices will continue to rise above $2 heading into the spring, but that they won’t go much higher as long as the economy remains weak.

http://www.ajc.com/services/content/...svc=7&cxcat=13

BROOK · 02-14-2009, 06:57 PM

It's already here in California

Northern Boy · 02-14-2009, 08:30 PM

What i believe is going on is governments are some how involved in this telling the the Oil companies what price they will be able to sell at because of the tax dollars involved .

Egg · 02-14-2009, 10:22 PM

In the UK the price is in exchange rates today $10 a gallon.

oldpaganfreak · 02-14-2009, 11:41 PM

it absolutely amazes me how little americans pay for gas.
i live in alberta, where the vast majority of your import petroleum comes from and we pay currently 86 cents per litre, about 330 per us gallon.
it comes from under our feet, is shipped to the states, and you guys pay way less than we do.
it just doesn't seem right.

DoctorWho · 02-15-2009, 07:13 AM

Around here, we kissed $2 with some stations being around $1.95-$1.99 a gallon.
Bill "the Doctor"

Dantheman62 · 02-15-2009, 07:31 AM

Quote:

Originally Posted by oldpaganfreak

it absolutely amazes me how little americans pay for gas.
i live in alberta, where the vast majority of your import petroleum comes from and we pay currently 86 cents per litre, about 330 per us gallon.
it comes from under our feet, is shipped to the states, and you guys pay way less than we do.
it just doesn't seem right.

Ah America, land of cheap gas and good BBQ! LOL!

02-14-2009, 06:53 PM	#1
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Is $2-a-gallon gas on the way? Two-dollar-a-gallon gas could be back soon if current trends hold. The average gas price in metro Atlanta jumped 14 cents a gallon in the past week and 20 cents in the past month — despite relatively low crude oil prices. Saturday’s average was $1.86 a gallon, according to atlantagasprices.com, which tracks prices based on motorist reports. That compared to $1.82 on Friday, $1.78 a week ago and $1.66 a month ago. But it was still far lower than a year ago, when the average was nearly $3. The national average was $1.96 on Friday, according to AAA, up from $1.80 a month ago. Crude oil prices tumbled all week until Friday, when they rebounded 10 percent to settle at $37.51 a barrel on the New York Mercantile Exchange. Experts say the disconnect between crude oil prices and rising gasoline prices stems from refinery production cuts, in part to hold up profits amid weak demand and also because of seasonal maintenance. Some think prices will continue to rise above $2 heading into the spring, but that they won’t go much higher as long as the economy remains weak. http://www.ajc.com/services/content/...svc=7&cxcat=13

02-14-2009, 06:57 PM	#2
BROOK Avalon Senior Member Join Date: Oct 2008 Posts: 3,117	Re: Is $2-a-gallon gas on the way? *It's already here in California*

02-14-2009, 08:30 PM	#3
Northern Boy Avalon Senior Member Join Date: Oct 2008 Location: On this Rock Posts: 1,390	Re: Is $2-a-gallon gas on the way? What i believe is going on is governments are some how involved in this telling the the Oil companies what price they will be able to sell at because of the tax dollars involved .

02-14-2009, 10:22 PM	#4
Egg Banned Join Date: Dec 2008 Posts: 727	Re: Is $2-a-gallon gas on the way? In the UK the price is in exchange rates today $10 a gallon.

02-14-2009, 11:41 PM	#5
oldpaganfreak Avalon Senior Member Join Date: Sep 2008 Location: great northern boreal forest Posts: 440	Re: Is $2-a-gallon gas on the way? it absolutely amazes me how little americans pay for gas. i live in alberta, where the vast majority of your import petroleum comes from and we pay currently 86 cents per litre, about 330 per us gallon. it comes from under our feet, is shipped to the states, and you guys pay way less than we do. it just doesn't seem right.

02-15-2009, 07:13 AM	#6
DoctorWho Avalon Senior Member Join Date: Sep 2008 Location: Central, IL Posts: 395	Re: Is $2-a-gallon gas on the way? Around here, we kissed $2 with some stations being around $1.95-$1.99 a gallon. Bill "the Doctor"