Who thinks we will see it fall below $1/gallon? I couldn't imagine my car being completely on empty and filling up for a little more than 10 dollarbucks.

12/5/2008 12:45:58 AM

gas will not go below $1/gallon

I'm Big Business and i approved this message.

12/5/2008 12:46:52 AM

i'm buying an suv

12/5/2008 12:47:57 AM

im buying a bus

12/5/2008 12:49:28 AM

lol ^ then you can drive dnl around

I'm Big Business and i approved this message.

12/5/2008 12:50:25 AM

i hurd dat nigga got a new whip tho?

12/5/2008 12:51:09 AM

So I guess the Democrats came through on their promise, right?

12/5/2008 12:51:53 AM

THIS IS NOT THE SOAPBOX....ACT ACCORDINGLY

12/5/2008 12:52:42 AM

Drudge says that oil may fall into the 20's resulting in what i would guess is sub $1 gallon of gas.

Ill believe it when i see it.

12/5/2008 12:53:42 AM

Time to get me one of these

12/5/2008 12:54:18 AM

^^^^ No. You only show your stupidity making comments like that. The crackdown on speculation took place before the election.

It won't fall below $1 per gallon. Oil was $20 per barrel when gas was < $1 per gallon.

[Edited on December 5, 2008 at 12:55 AM. Reason : ]

12/5/2008 12:54:34 AM

My new daily driver

12/5/2008 12:56:18 AM

^^ i'm surprised to see it go down below $1.75 was it this low last winter? i didn't have my car on campus so i don't really remember

I'm Big Business and i approved this message.

12/5/2008 12:56:59 AM

Predictions for '09 says ~$60 per barrel average through the year. It might dip a bit lower, but the analysts think this price will stick through '09.

12/5/2008 12:57:14 AM

Quote :

"So I guess the Democrats came through on their promise, right?"

I'm bout 0% serious...

12/5/2008 12:59:10 AM

http://www.patriotledger.com/business/x1881115149/Gulf-Oil-CEO-says-lower-gas-prices-ahead

12/5/2008 1:01:06 AM

Interesting. I think that OPEC will cut production before it gets that low though.

12/5/2008 1:04:36 AM

crude oil dropped over $3 a barrel today. we're at 43.90 now

12/5/2008 1:05:06 AM

The thing is, if OPEC lowers production, that's a signal that they can produce more which leads to even more price deterioration. There's already more supply than demand so lowering supply wouldn't do a whole lot right now. They're best hope is just that prices get so low that we start getting complacent in our green economy crusade and using a lot more oil driving the price up.

12/5/2008 1:08:29 AM

supposedly it takes two weeks for the barrel price to influence the gas stations prices.

12/5/2008 1:08:42 AM

^?

HECK YEA. $1/gal was my first fill-up when I turned 16. I look forward simply for nostalgia.

[Edited on December 5, 2008 at 1:09 AM. Reason : ']

12/5/2008 1:09:03 AM

i dont believe gas has been <$2.00 since 2004

12/5/2008 1:09:43 AM

fUCK NOSTALGIA I WANT CHEAP PETROL

12/5/2008 1:10:02 AM

when i turned 16 it cost $2.25 and i got a v8 jeep. i love low priced gas but not cheap gas.

[Edited on December 5, 2008 at 1:11 AM. Reason : ..]

12/5/2008 1:10:27 AM

Nope. I'll be surprised if it dips below $1.50 and I still firmly believe we'll never see sub $1/gallon again.

12/5/2008 1:12:12 AM

^ maybe not here in NC, but there is gas for around 1.30 already in parts of Missouri, so i think it would be very likely for them, and other low gas tax states to go sub-$1 if this oil price trend continues.

12/5/2008 1:15:42 AM

NC can have one of the highest gas taxes in the US, but it's on a sliding scale, so as the price of a gallon goes down, the tax on it goes down as well.

[Edited on December 5, 2008 at 1:17 AM. Reason : ]

12/5/2008 1:17:44 AM

I paid $1.31 in Denver today, got .30 cents off per gallon for food rewards. 13 gallons for $17.00.

12/5/2008 3:09:56 AM

It was nice to drive to VA and get gas for ~$.94/gal when I got my license in '01.

12/5/2008 4:45:29 AM

when gas goes below $1/gallon, i'd almost bet money that it'll go back up shortly

oil futures ftl

12/5/2008 4:50:19 AM

I measure gas prices in Starbucks terms.


A few months ago, it took 10 frappuccinos to fill up my car.

Now it only takes 5 frappuccinos.

12/5/2008 6:22:44 AM

the benefits of a shitty economy.

12/5/2008 6:44:47 AM

Quote :

"U.S. stocks fell for the first time in three days, pushed down by concern General Motors Corp. may file for bankruptcy and a plunge in energy shares following Merrill Lynch & Co.’s prediction that oil will hit $25 a barrel. "

12/5/2008 8:02:44 AM

what kind of gas prices are in raleigh? saw $1.57 in asheboro yesterday

12/5/2008 8:05:46 AM

1.61 off of S. Saunders. 1.75 around campus and ~1.50 towards zebulon.

http://www.raleighgasprices.com/map_gas_prices.aspx?z=11&lat=35.731738&long=-78.650635&sid=2666&ft=A

12/5/2008 8:09:10 AM

Quote :

"Interesting. I think that OPEC will cut production before it gets that low though. "

The problem with OPEC right now is that Venhezuala and Iran NEED them to cut production so they can cheat and keep selling a bunch of oil at a higher price. Their governments are on the edge and budgeted for like $80-90/barrel oil. Unfortunately for them, Saudi Arabia knows this and is basically like "fuck you guys", we're not cutting production so you can cheat (the Saudi's government budgets assume something more like 30-40 dollars per barrel b/c they're not nimrods)

12/5/2008 8:15:47 AM

Quote :

"NC can have one of the highest gas taxes in the US, but it's on a sliding scale, so as the price of a gallon goes down, the tax on it goes down as well. "

on a side note... The gas cap expires soon, so we're fucked.

12/5/2008 8:59:40 AM

'well below' ? still above a buck fiddy.....

12/5/2008 9:13:38 AM

Quote :

"NC can have one of the highest gas taxes in the US, but it's on a sliding scale, so as the price of a gallon goes down, the tax on it goes down as well."

And you know they are going to be scrambling to figure out how to replace that lost 'revenue'.

Quote :

"Nope. I'll be surprised if it dips below $1.50 and I still firmly believe we'll never see sub $1/gallon again."

Several months ago I was saying we'd never see gas below $2.00-2.50 per gallon... so I'm going to go ahead and say:

We'll never see gas below $1.00-1.50 per gallon. Hey, it worked the first time.

12/5/2008 9:49:03 AM

It was $1.68 last night right of the corner of Falls of Neuse and Huneycutt Rd. I was too tired to stop and fill up

12/5/2008 9:56:56 AM

yeah, the state is whining about all the lost revenue because of the gas tax cap. something about they could've gotten .10 more per gallon if it weren't for the cap.

12/5/2008 9:58:41 AM

Quote :

"gas will not go below $1/gallon"

12/5/2008 10:00:11 AM

Quote :

"It might dip a bit lower, but the analysts think this price will stick through '09."

they also saw 200 a barrel being the norm. i don't put too much into analyst predictions. every time i read an article it seems that it says "contrary to the predictions of analysts" or "analysts said x but the numbers came in a y"

Quote :

"Nope. I'll be surprised if it dips below $1.50 and I still firmly believe we'll never see sub $1/gallon again"

i agree with the latter, but not the former.

12/5/2008 10:04:36 AM

Crude oil is down another $2.12 today. We're getting close to $40/barrel. I don't know what that means for how much gas will go down a gallon. I've never quite understood exactly how the price per barrel translates to price per gallon.

12/5/2008 6:36:35 PM

it'll drop below 1$/gallon and it will be awesome

12/5/2008 7:06:25 PM

Quote :

"Several months ago I was saying we'd never see gas below $2.00-2.50 per gallon... so I'm going to go ahead and say: We'll never see gas below $1.00-1.50 per gallon. Hey, it worked the first time."

12/5/2008 7:07:57 PM

ever since it started going down i've been putting the extra money i would've spent buying it at >$4 /gal in a coke party fund

12/5/2008 7:09:52 PM

did somebody say coke party?

12/5/2008 7:12:02 PM

^ can I come?

12/5/2008 7:12:38 PM

considering the vehicle i drive, all of tww can probably come...

[Edited on December 5, 2008 at 7:15 PM. Reason : probably have at least one 2 liter per person]

12/5/2008 7:14:31 PM