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Gas Price Drops Below $2 A Gallon  
User currently offlineMke717spotter From United States of America, joined Dec 2005, 2458 posts, RR: 4
Posted (5 years 10 months 1 week 5 days 16 hours ago) and read 3422 times:

Four years and two months ago the following topic was posted here on A.net:

http://www.airliners.net/aviation-fo...175&s=gas+prices+below+2#ID1267175

It asks whether or not gas prices (which at that time were hovering around the $3) would ever go below the $2 mark. Rememeber now, this was over two years ago, before the whole oil crisis hit with prices shooting up into the $100s. Just about everybody who replied to that thread thought there was almost no way we'd see prices even close to the $2 mark, not to mention some of the people on here who just a few months ago were posting saying that it would be up to $15 within a year. Well, low and and behold when I was drivin back from MKE through Oak Creek today I saw a station that was selling for $1.99 per gallon. Shocking, right? And yeah you can say all that stuff about how the economy is bad, but I still think it proves all those people wrong who are so ominous at the first sign of a price increase. I've just kinda been a bit skeptical the entire time and I think people just need to relax a bit over the matter.


Will you watch the Cleveland Browns and the Detroit Lions on Sunday? Only if coach Eric Mangini resigned after a loss.
97 replies: All unread, showing first 25:
 
User currently offlineNkops From United States of America, joined Jun 2005, 2665 posts, RR: 6
Reply 1, posted (5 years 10 months 1 week 5 days 16 hours ago) and read 3419 times:



Quoting Mke717spotter (Thread starter):
Gas Price Drops Below $2 A Gallon

Not here...... not yet anyway....

I think it's funny we are "trained" to think gas at $2.00/gal is cheap.



I have no association with Spirit Airlines
User currently offlineCorey07850 From United States of America, joined Feb 2004, 2527 posts, RR: 5
Reply 2, posted (5 years 10 months 1 week 5 days 16 hours ago) and read 3407 times:

Saw $1.93 near Springfield MA yesterday...

User currently offlineMt99 From United States of America, joined May 1999, 6593 posts, RR: 6
Reply 3, posted (5 years 10 months 1 week 5 days 16 hours ago) and read 3404 times:
Support Airliners.net - become a First Class Member!

See there was no reason to "Drill Baby Drill"


Step into my office, baby
User currently offlineB6JFKH81 From United States of America, joined Mar 2006, 2891 posts, RR: 7
Reply 4, posted (5 years 10 months 1 week 5 days 15 hours ago) and read 3383 times:

It's odd, but over the last week to 2 weeks, the price started to climb back up around me a little. I was thrilled when I got a tank at $2.43, now I am seeing $2.47 again and over $2.50 by my parents, while some stations are dropping into the $2.3# range. I guess sometimes it just takes a little extra time to trickle its way over here.  grumpy 


"If you do not learn from history, you are doomed to repeat it"
User currently offlinePyrex From Portugal, joined Aug 2005, 4022 posts, RR: 28
Reply 5, posted (5 years 10 months 1 week 5 days 15 hours ago) and read 3375 times:



Quoting Nkops (Reply 1):
I think it's funny we are "trained" to think gas at $2.00/gal is cheap.

I find it funny that you think it is not.



Read this very carefully, I shall write this only once!
User currently offlineWunalaYann From Australia, joined Mar 2005, 2839 posts, RR: 25
Reply 6, posted (5 years 10 months 1 week 5 days 15 hours ago) and read 3369 times:



Quoting Pyrex (Reply 5):
I find it funny that you think it is not.

 checkmark  Add me to the list. So let's see, the economy is contracting yet oil is still above $40/bbl. It'll be funny to look at oil prices in two years, once we swing back into 2.5 or 3% annual growth.

 Smile


User currently offlineN867DA From United States of America, joined May 2008, 1008 posts, RR: 0
Reply 7, posted (5 years 10 months 1 week 5 days 15 hours ago) and read 3354 times:

Regular unleaded is $1.95 in Chamblee, GA. I don't know if that's a good thing or a bad thing though.


A nation turns its lonely eyes to you
User currently offlineSteeler83 From United States of America, joined Feb 2006, 9210 posts, RR: 20
Reply 8, posted (5 years 10 months 1 week 5 days 14 hours ago) and read 3345 times:

Regular gas here in Exton is still at $2.21 just down the street... getting closer tho...


Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
User currently onlineSTT757 From United States of America, joined Mar 2000, 16872 posts, RR: 51
Reply 9, posted (5 years 10 months 1 week 5 days 14 hours ago) and read 3336 times:

Over the weekend I filled up my Wife's Volvo, I paid $1.95 per gallon cash 87 octane. It cost $23 dollars to fill it up, these lower prices are literally putting money back in my pocket.


Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlinePlanesarecool From United Kingdom, joined Nov 2001, 4124 posts, RR: 11
Reply 10, posted (5 years 10 months 1 week 5 days 14 hours ago) and read 3325 times:



Quoting Nkops (Reply 1):

I think it's funny we are "trained" to think gas at $2.00/gal is cheap.

Considering that the cheapest we have over here is around $6.00/gal, and it's only that low in $ because of the crap exchange rate these days, then $2.00 is cheap.

Funnily enough, you have to pay for fuel, it's not a right.


User currently offlineVikkyvik From United States of America, joined Jul 2003, 10032 posts, RR: 26
Reply 11, posted (5 years 10 months 1 week 5 days 14 hours ago) and read 3316 times:
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Quoting Nkops (Reply 1):
I think it's funny we are "trained" to think gas at $2.00/gal is cheap.

Amusingly enough, any gas over $1.50/gallon or so seems expensive to me (even if it's really not - I know very well that we have cheaper prices here than many countries). Probably because soon after I started driving, in late high school, prices were down to $0.97/gallon.

Quoting Corey07850 (Reply 2):
Saw $1.93 near Springfield MA yesterday...

Damn. It's still up at $2.40-2.50 here in SoCal.



"Two and a Half Men" was filmed in front of a live ostrich.
User currently offline57AZ From United States of America, joined Nov 2004, 2550 posts, RR: 2
Reply 12, posted (5 years 10 months 1 week 5 days 13 hours ago) and read 3295 times:

Yes gas prices are dropping, but if you're one of the newly unemployed that doesn't help much. We're still about $2.29 here in Arizona and I don't think that it will drop much further. OPEC is already working to cut production-I think that $40 a barrel is their target mark. If demand drops much more, expect further production cuts.


"When a man runs on railroads over half of his lifetime he is fit for nothing else-and at times he don't know that."
User currently offlineN174UA From United States of America, joined Jun 2006, 994 posts, RR: 0
Reply 13, posted (5 years 10 months 1 week 5 days 12 hours ago) and read 3271 times:

$2.30 here in Everett, WA...2 miles southeast of the Boeing plant.

User currently offlineSmcmac32msn From United States of America, joined May 2004, 2211 posts, RR: 4
Reply 14, posted (5 years 10 months 1 week 5 days 11 hours ago) and read 3263 times:

Woodmans! Hell yeah! I went and filled up over there tonight after work!


Hey Obama, keep the change! I want my dollar back.
User currently offlineFruteBrute From , joined Dec 1969, posts, RR:
Reply 15, posted (5 years 10 months 1 week 5 days 11 hours ago) and read 3254 times:



Quoting Nkops (Reply 1):
I think it's funny we are "trained" to think gas at $2.00/gal is cheap.

Frankly, $3.50 is cheap per gallon.

$1.50 or $2.00 per gallon gasoline is not in the long term interest of our nation.


User currently offlineSmcmac32msn From United States of America, joined May 2004, 2211 posts, RR: 4
Reply 16, posted (5 years 10 months 1 week 5 days 11 hours ago) and read 3239 times:



Quoting FruteBrute (Reply 15):
Frankly, $3.50 is cheap per gallon.

$1.50 or $2.00 per gallon gasoline is not in the long term interest of our nation.

Wow I'd like to hear your thinking on this one......



Hey Obama, keep the change! I want my dollar back.
User currently offlinePilotboi From United States of America, joined Sep 2007, 2366 posts, RR: 9
Reply 17, posted (5 years 10 months 1 week 5 days 11 hours ago) and read 3233 times:



Quoting Mke717spotter (Thread starter):
Four years and two months ago

You mean two years and four months ago. Four years ago the prices were about where they are now, were they not?


User currently offlineWunalaYann From Australia, joined Mar 2005, 2839 posts, RR: 25
Reply 18, posted (5 years 10 months 1 week 5 days 11 hours ago) and read 3229 times:



Quoting FruteBrute (Reply 15):
Frankly, $3.50 is cheap per gallon.

Yes.

Quoting FruteBrute (Reply 15):
$1.50 or $2.00 per gallon gasoline is not in the long term interest of our nation.

Too right. $2/gallon simply is not part of the long term future of your (or anyone else's) nation, much less its interest.

 Smile


User currently offlineFlymia From United States of America, joined Jun 2001, 7175 posts, RR: 9
Reply 19, posted (5 years 10 months 1 week 5 days 9 hours ago) and read 3203 times:



Quoting Mt99 (Reply 3):
See there was no reason to "Drill Baby Drill"

Well lets just see how prices are in 10 years. Why not just drill now and stop giving money to places that do even like the US.

Quoting FruteBrute (Reply 15):
$1.50 or $2.00 per gallon gasoline is not in the long term interest of our nation

Well if the ecnomy is good and prices can remain that low I dont see a problem with it. I rather have all the other non-oil companies like Airlines for example making money while oil companies dont make $14 Billion dollars! Low oil means low cost of things which mean more people buy. I cant see why 1.50-$2.00 a gas would hurt anyone but the oil companies.

As far as gas under $2.00 I have not seen it under $2.50 in the DC area but I only drive about once a week.



"It was just four of us on the flight deck, trying to do our job" (Captain Al Haynes)
User currently offlineWN700Driver From , joined Dec 1969, posts, RR:
Reply 20, posted (5 years 10 months 1 week 5 days 8 hours ago) and read 3191 times:


Too right. $2/gallon simply is not part of the long term future of your (or anyone else's) nation, much less its interest.


You would not say that if knew how economies actually work. If the price of transport becomes prohibitvely high, as anything above $2.90 is in the US is, there is nothing positive or acceptable about that.

I do agree, however, that a side effect of temporarily cheap oil is that other solutions will not be prioritized. Lowered fuel costs will give issues like health care and social spending far too much attention (as if they didn't have that already), and set us a bit too far back, technologically speaking. I think prices around $2.80 or so per gallon will satisfy the needs of our economy, but be "painful" enough to promote alternatives, and that is where we need to be.
Don't get me wrong, I like that I spent only $1.83/gal yesterday (Go Texas!), but that can't last forever.

As for all this ho-ha about a contracting economy... Get over it. We have far too many people in this country to support the standard of living we like. It is inevitable that people will lose jobs. No amount of voting or tinkering with Wall Street will change that.


User currently offlineLTBEWR From United States of America, joined Jan 2004, 13115 posts, RR: 12
Reply 21, posted (5 years 10 months 1 week 5 days 5 hours ago) and read 3175 times:

Many states are getting into serious deficits as the economy contracts revenue is sharply declining from income, sales and other taxes, yet they have continuing obligations such as education, health care for the poor, unemployment and others. I suspect that with that some states will take advantage of gasoline prices going under $2 gallon (yesterday I saw $1.94/gal) and raise gasoline (not diesel) per gallon taxes to close part of that gap and to hold down demand with it's positive side effects. It wouldn't take much, perhaps 10 cents a gallon in the lower taxing states, with the raises done in incriments over several months.

Problem is of course that the higher taxes would more likely go into 'general revenue' and not so much for their primary purpose, to pay for road maintence. Road maintence has suffered due to the much higher prices of oil based asphalt and equipment fuel. If the new taxes were dedicated to road maintence and replacing bridges, it would circulate money into good paying jobs, improve the safety of our roads saving lives from fewer accidents, less problems with damaged vehicles, improving traffic flow benefiting businesses and long term enviromental benefits.


User currently onlineNIKV69 From , joined Dec 1969, posts, RR:
Reply 22, posted (5 years 10 months 1 week 5 days 3 hours ago) and read 3158 times:



Quoting Mke717spotter (Thread starter):
but I still think it proves all those people wrong who are so ominous at the first sign of a price increase

It shows a very basic principle that fuel prices are driven by demand, period. It wasn't Bush's fault or OPEC or the futures. Supply and demand. If we use a lot of gas the price will rise rapidly. If we don't and production drops so does the price. This just proves the point. If the people making the oil know we are going to use a lot it will go back up. Happens over and over. The previous spike was a perfect oppurtunity for the media to blame Bush and the government but that is smoke and mirrors. Conserve and use less and you will pay less. Simple.


User currently offlineDelta767300ER From United States of America, joined Dec 2003, 2562 posts, RR: 11
Reply 23, posted (5 years 10 months 1 week 5 days 3 hours ago) and read 3154 times:

$2.12 @ Exxon here in Orlando. Maybe we will see less Prius' on the road.

-Delta767300ER


User currently offlineFruteBrute From , joined Dec 1969, posts, RR:
Reply 24, posted (5 years 10 months 1 week 5 days 3 hours ago) and read 3143 times:



Quoting Flymia (Reply 19):
Well if the ecnomy is good and prices can remain that low I dont see a problem with it. I rather have all the other non-oil companies like Airlines for example making money while oil companies dont make $14 Billion dollars! Low oil means low cost of things which mean more people buy. I cant see why 1.50-$2.00 a gas would hurt anyone but the oil companies.

Why? Because at $1.50 or $2.00 per gallon means the consumer has virtually no incentive to use a product (oil) that is not in this country's best interest to use whole hog like we have been. In fact by having a retail gasoline tax (meaning on consumers & not trucking companies and the like) it tamps down usage. Look what happens when prices for everyone hit $4.50? Everything from food to airline tickets to diesel and natural gas hikes goes thru the roof.

The US Govt has been subsidizing every gallon of gasoline for decades and supplying it to consumers for less than actual cost to this country. Right now our gas tax collected doesn't pay for all the actual highway dollars we spend. Nor does it even begin to cover $1 worth towards the two full time carrier groups we have to station in the Gulf to keep a steady flow of "cheap" oil, much less the war we have fought for the same reason. Nor does this come close to funding the pollution and air quality issues it causes.

We can't continue to buy something in such large quantities from an area of the world that is so opposed to us, and then send them hundreds of billions per year to fund even more hostile groups. Wake up America!


25 KaiGywer : It feels great to fuel up without feeling robbed. Cheapest I've seen around here is $1.92 so far. Diesel is still hovering around $3 though
26 VC10 : In the states how much is diesel compared to petrol, as here in the UK it would seem that the oil companies are lowering the price of petrol so as to
27 DocLightning : Don't celebrate too much, folks. It'll bounce back. It has to. In the mean time, would the airlines PLEASE rescind all the absurd fees they put on us?
28 Mke717spotter : Opps, your right, I meant to write it the other way around my bad.
29 Venus6971 : Filled up for 1.77 here in OKC but it was a 10% ethanol blend which gets less than 2 MPG dropoff than pure gasoline in a pickup. Being a Ok State fan
30 Post contains images SkyyKat : I'll have to respectfully disagree. While to some extent you are right, OPEC is not a fair factor in the 'supply' aspect of S&D. If every oil produce
31 Seb146 : AFAIK, only one station in Lake Oswego is at $1.99. Up the street from me at ARCO, it is $2.15. Tri-Met, our regional transit agency, says ridership i
32 Post contains links STT757 : $1.85 a gallon 87 Octane here in New Jersey. http://www.NewJerseyGasPrices.com/
33 FWA2500 : Here in Oxford and Hamilton Ohio it is as low as $1.74/gal for regular, the cheapest its been since I've had this car ('97 Subaru Legacy wagon)
34 Smcmac32msn : Wow, some of you don't remember 10 years ago when in places like Beaver Dam, Wisconsin... I filled up for $0.909/gallon. Seems like the economy was gr
35 Pyrex : Not, it is not criminal. The difference between your APEC (which used to exist, by the way - it was called airline regulation) and OPEC is that while
36 AirframeAS : Today, at the 7-Eleven at Church Ranch Blvd and US36 in Westminster, Colorado is $1.93 for the lowest grade. And I think at Costco on 92nd Ave is abou
37 WunalaYann : Actually, you may want to read further into economics. There is this thing called a "price signal" that acts like a spur for economic agents (corpora
38 J_Hallgren : Paid $1.99 here on Cape Cod by paying cash ($.10 gal off) yesterday...highest paid during summer was $4.16, so I don't mind the drop back...
39 Nkops : I can't believe it is cheaper in North Jersey than South... still over 2.00 here.
40 Tugger : The problem for OPEC and production cuts is that they nations that want the price of oil higher are already dealing with lower income than they want
41 SkyyKat : I am not arguing the OPEC charter and in 'Theory' it works for the good of human kind It works in theory just like communism only works in theory, bu
42 AirframeAS : It is now $1.77 at the Costco in Westminster, CO near my house, this was last night's price.
43 WESTERN737800 : I just paid $1.93 in Sioux Falls, SD
44 Aeroflot777 : It was $1.91 here in Salt Lake City at Chevron. Sandy, UT to be exact. Aeroflot777
45 AA 777 : $1.99 in Daytona Beach....It was $3.40 about a month ago!
46 FlyDeltaJets87 : Doubtful. Some of the airlines are paying above the market rate because their hedges are now costing them money. $2.07 on the north side along ISB. W
47 OlegShv : $1.69 for a gallon of 87 octane fuel at a Shell station here in SW Ohio.
48 Dougloid : Outstanding. E10 is $1.72 here this afternoon in central Iowa.
49 JetsGo : I always love how it seems to be cheaper the further away from refineries you are. I would expect it to be the other way around due to transportation
50 B6JFKH81 : Where I live on Long Island, it finally fell into the $2.20 range. It was $2.23 when I filled up this morning, that was the cheapest in my town. 2 sta
51 STT757 : It's dropped to $1.70 here in Central New Jersey Cash 87 octane, keep dropping!...
52 JetsGo : Yesterday, here in Reno, NV, it was at $2.14...today $2.15...it went UP a penny.
53 Smcmac32msn : Yesterday here in Milwaukee it was $1.939 near the airport. Though a little to the east of the airport in C(r)udahy its $1.899.
54 JetboyTWA : Down to $1.73/gallon in Minneapolis. I don't believe it's been this cheap since I started driving seven years ago...!
55 MAH4546 : Personally, I think gas will be $1.20/gallon in parts of the U.S. by the year's end. Welcome back to cheap oil.
56 F9Animal : Yes, unemployment is really getting bad. I personally feel that oil is the ultimate reason for it. Food prices went sky high, fuel skyrocketed, airli
57 AirframeAS : FIlled up this morning at the Costco near my home: $1.68 a gallon. Gotta LOVE Costco! Oh, this is in Westminster, CO.
58 Post contains images DeltaRules : Might want to check your math...it says 2006, which is two years ago. Head a little ways up I-75 if you get the chance... $1.46/gallon today in Huber
59 STT757 : There's some sort of price war going on between gas stations in Clark, NJ. I paid $1.49 a gallon for 87 octane today!.. I had filled up recently but I
60 Ipodguy7 : 1.75 here in Nashville
61 OlegShv : Wow. I thought I got a good deal today at $1.62/gallon in West Chester.
62 QXatFAT : Drove by the local BP today and saw it at $1.74 today. Down from $1.89 two days ago. Location: Jackson, MI
63 Steeler83 : Gas finally dropped below that $2 mark just yesterday. It's now $1.99 at the Wawa station up the street. Down on US 30 between Exton and Frazer, it's
64 Cptkrell : Today the Farmers Co-Op (at least here in Rutherford County, TN ) had gas at $1.49 as a "customer appreciation day". I passed by on my way to the big
65 Mke717spotter : Its now down to $1.87 near my house. You think we can expect prices to shoot back up into the $4 mark come summer time or what?
66 WILCO737 : I fear so. I guess once the summer season (vacation season) starts again and people do more driving it is getting expensive again. In Germany we are
67 AvObserver : There most certainly is. It's irresponsible of the U.S. not to exploit its own oil reserves and maintain the ban on drilling in so many areas out of
68 Dougloid : $1.55 this afternoon in Des Moines. Conga line at the pumps when it breaks the one dollar barrier.
69 Noelg : It's coming down over here now too. Price is £0.90 per litre now (or $5.01 per gallon). It's the lowest it's been since May 2005, but I'm sure it wil
70 N867DA : It is now about $1.73 in suburban Atlanta. This too will bottom out somewhere and begin to climb. I don't know if $1.73 is cheap or expensive but it's
71 Dougloid : $1.52 for E10 this morning down 3 cents since yesterday. Conga line at the pump when it breaks a dollar.
72 DfwRevolution : Maybe if Iran or Venezuela start a war. Otherwise, it's looking more and more like the energy shock of the last 4-5 years was the result of fear, unc
73 FruteBrute : No matter what anyone's pipedream is, the USA has 3% of the oil reserves and uses 25% of the world's oil. It is physically impossible to drill enough
74 MAH4546 : $4 is most likely not happening again in the U.S. for a while, IMO. I think it will bottom out at around $1.35 and then slowly rise again to around $
75 KaiGywer : I really like they way this is going. Down to $1.64 here now (as of last night anyways), and that's at a station that is usually a few more cents than
76 Dougloid : About 2-1/2 years ago I had an interesting conversation with a commodities trader and analyst who said he thought oil would ultimately revert back to
77 PHLBOS : The lowest price I saw along Route 100 in Exton last Saturday was $1.98 at the Eastcoast station. The Liberty station near the Secane station just dr
78 Arrow : I don't entirely disagree with this, but it wasn't all speculation. There were lots of experts who thought (wrongly as it turned out) that the bubble
79 Smcmac32msn : Milwaukee (just off the airport) E-10 is $1.749 and E-85 is $1.849. Just interesting how in the heat of the crude oil surge this summer, all the Ethan
80 Dougloid : Bull marketeers rarely do factor in countervailing tendencies because it's not in their nature to do so. Commodities trading is an interesting study
81 Lapper : I've been in the US for the past 3 weeks, staying in the Cape Canaveral area. I've seen the price there alone drop from 2.34 to 1.84 in that time. Unf
82 Aaron747 : Long term, there very much is. It is impossible for the United States to adopt the transportation and energy-use patterns of other nations unless the
83 Nkops : That gas station on Semoran has always been a rip-off.... obviously Florida must not have gouging laws.... They don't even advertise their price exce
84 USFlyer MSP : $1.58 in Saint Paul, MN. Its great!!!
85 Lapper : That's the one. I needed to buy some Savlon after that to soothe my slapped ass!
86 Arrow : Another factor that has altered the trading dynamic permanently, I believe, is that technical ability to buy and sell -- commodities, equities, you-n
87 Post contains links Aaron747 : Nassim Teleb, head of Universa hedge fund, for starters. The guy has made a career off of betting that adversity can and will strike the market when
88 WunalaYann : Wouldn't the first step in this otherwise very needed revolution be to reduce the drilling in order to provide a price incentive to end users? It is
89 Aaron747 : With the existing infrastructure that's in place, how do you do that without fundamentally restricting private travel patterns as well as investment
90 WunalaYann : Too true. And judging by our government's reluctance to go into full-scale water restrictions (aka stop watering anything that is not a human body),
91 Aaron747 : Always looked great when flying VFR all over the basin, but sure as shit was hell on earth to actually be in it on the way to and from the airport, w
92 Dougloid : they have everything to do with price. ahem.....(adjusting spectacles)(shuffles paper on lectern) May I have your attention for a moment? A futures m
93 WunalaYann : Let us to the Rail god. *whistle* I see the man has references... Trams 16, 96 and 112 will do that to you. Hey, enjoying the breathtaking views offe
94 Aaron747 : Only part of town I saw that had any grit - and palm trees for that matter I just remember a lot more traffic than I bargained for. Next time I won't
95 Sleekjet : Gas here in Rockwall, TX, just NE of Dallas, can be had for $1.52 today. Never thought I'd ever see this again.
96 DfwRevolution : You're quoting statistics without understanding what they actually indicate. First, no one knows the true extent of U.S. oil reserves. There are only
97 RayChuang : Incredible. I've seen petrol go from US$4.32/US gallon for 87 pump octane unleaded drop to US$1.81/US gallon in just five months. This is proof that t
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