Gas is $1.97 a gal here!

[NewbieChris]

Boy, I'm not trying to flame you or anything, but do you have a positive outlook about anything? Do you do your research? If you did, you would know that most of OUR gas comes from CANADA.

Yes, certain members of OPEC (Chavez & Ahmedinejhad) are lobbying for other countries to join in halting their consumption as well to drive up the price worldwide. Quite frankly- it matters very little what they try and do. People's mind frame has already changed. Even if gas goes up another $15 per barrel, it's not going to increase the price at the pump that much because guess what again- CONSUMPTION IS DOWN WORLDWIDE. This recession is a worldwide problem. Therefore, OPEC isn't going to be able to convince other oil exporters to drive prices up because it has the potential to hurt their own economies as well.

The reason gas prices go up or down is based on FUTURES, and FUTURES alone. Investors buy or sell oil based on how much will be consumed in the future. Right now, there is no end in sight for this recessions. So, gas prices will continue to stay low. While this may not last forever, the habits of Americans are forever changed; which should negate any major spike like we saw this past summer.

Canada is the number one provider of US oil, then what Mexico (?), Venezuala, etc? Is that not correct? However, the price fixing of other countries still affects the price of oil for the world. I am not only concerned with the US. Oil demand is very inelastic, it does not change (or at least historically), with significant changes in price. We still consume monstrous amounts of oil for all goods, not just gasoline.

You may believe that the habits of Americans may be changed forever, but I disagree. I liked gas prices the way they were this summer. It was reason for new innovation for much better technologies that are more costly. My post was a reminder that this will not, and cannot (unless you believe that oil is completely renewable), last forever. For this country to move forward it need to innovate new and better fuels to power the world. Not just go after the ones hurting it.

[FrankTheTank55]

Its $1.85 here, $1.75 if you buy a carwash...lol E-85 is $1.45. Its wierd but I feel guilty getting gas this low, Im not sure why?? But what I dont understand, and like i said many times, Im not the smartest guy. Why dont they buy a shitload of barrels at this price and store it somewhere?

[Bouncer]

$1.91 here

[redsquirrel]

$1.86 today

[DS-COUSIN]

2.14 here...Costco. Everywhere else in my area is 2.39.

[Bouncer]

saw $1.55 today.

[redsquirrel]

$1.44 here...

[FitnessBrat]

$1.48

[FrankTheTank55]

$1.44 here & $1.04 for E-85 I filled my tank up until it wouldnt take anymore for the first time in a long time.

[redsquirrel]

$1.39 today

[JUICE]

1.38 here locally

[COLOSSUS]

so im happy that gas around here is finally down to about 1.69. then i come here and see all you terds are at 1.30/1.40. i am jealous. :P

[Bouncer]

supposedly we may see it below a buck in a few months. insane.

[COLOSSUS]

good to hear. but how long will it last?

[JUICE]

supposedly we may see it below a buck in a few months. insane.

damn that be awesome. Back to 98' when I remember it was $.75cents a gallon for a while here in town. I used to fill my car up with 8 dollars..