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Wednesday, April 22, 2020

Gas prices continue to tumble, and analysts say we haven’t hit bottom yet

(CNN) - The average price for a gallon of regular gasoline has dropped once again, and analysts say this downward trend will likely continue.

AAA reports gas prices have dropped another five cents this week, and the average price is now nearly $1.82.
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It's been stagnating at $1.69 here for brand name gas in Macon County for the past week or so, although I did fill up in Portland the other day for $1.49 a gallon.

17 comments:

  1. Regular is down to $0.95 for Shell and Marathon in Elizabethtown Ky, diesel is down to $1.80

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  2. $1.15 today in Paducah. Was $1.24 on Monday.

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  3. I've seen it as low as $1.61 in Belknap County, NH and I expect it will go lower. Filled up my truck for $1.75/gallon for mid-grade (89 octane) this morning.

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  4. $1.79 at a gas station about 5 or 6 miles from me, but it's not on any of the regular routes I take around town, sadly. $2.02 at a 7-Eleven that's close by and $2.05 where I regularly by gas. Both of these last two are on a heavily traveled road so those stations get a lot of traffic, but because of that they don't have a lot of incentive to be the lowest around.

    Nemo

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  5. $1.35 at Costco in Boston last Sunday

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  6. Here in good old Cencal it cost me $4.00 last night for diesel.

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    1. And about $3 is for the gov't coffers.
      I think some groups in WA wanted to make it mandatory to post the price break down for a gal of gas and the gov fought the hardest to defeat it...they don't want everyone to know a big chunk of the price is their cut!

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  7. Low price in the area $1.09 Regular and $1.49 Premium.

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  8. Regular 1.14 in a small town south of Traverse City, Michigan.

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  9. Think they'll get low enough to kick start the S&H green stamp market?

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  10. meanwhile in Australia, "we are still selling for top dollar because we have not yet sold all the gas we paid top dollar for" (and the government that gets a 10% skim doesn't have any problems with the price going UP rather than down.)

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  11. Trip this week (first in a month):
    Wichita $1.39
    South turnpike service area $1.34 (WHAT!)
    North Oklahoma off I-35 $1.49
    South side of OKC, $1.34
    South Oklahoma just before the border and North Texas just south $1.15
    Dallas area $1.49
    Just north of Houston $1.69 (what the hell sense does that make?)
    Beaumont over toward Lafayette, Louisiana $1.69 going down to $1.49.

    H

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  12. And for the farmers, I filled my tanks with red diesel for $1.49 last week, and the price of fertilizer is down, don’t tell the government, but we might make a little profit this year

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  13. Here in San Antonio I saw some stations with $1.19 but Apu or Habib run them and they will put water in their tanks

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  14. I'll sell 'em my excess tank capacity ! It hasn't gotten to that at the consumer level yet.

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  15. About $2.19 cheapest around here for cash. $2.27 for credit. Cheapest I've seen it in a good 10 years.
    When I was 16 my Dad & I put together an old lead sled 53 Olds 88 with a 330 4 BBL. A friend of his had been using it to store hay in. Anyhoo, we got it runnin' and it was my cruiser from one gas station to another. I swear when I floored it you could watch the gas gauge start dropping toward the "e".
    So even though it used gallons per mile instead of mpg, this was 1960's gas war Kentuckiana! Cheapest I ever paid was 19.9. And they checked the oil and wiped my windshield!

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  16. I've already seen $1.99 in Sacramento.

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