Gas is as low as $2.209 here in NJ, $2.399 up the street

[DainBramaged]

$2.00 by thanksgiving. I figured Christmas, but at this rate, it could be $1.49 by Christmas.

[OmahaBlueDog]

1. 2.19 for mid grade (E-10) here in Omaha

[RayOfHope]

2. 2.09 in southwest missouri n/t

[whistle]

3. It's still over $2.54 in Orlando FL

[Serge A Storms]

4. no surprise , iexpect back to 5.00 by the first of the year

[Liberal In Texas]

5. Enjoy it now. When the election is over it'll start it's see-saw climb back up. n/t

[Awsi Dooger]

6. Check the trading price

Not the price per barrel. Go to CBNC and follow the trading price per gallon. That's where the pump price is headed.

Today I believe it closed about $1.41. The typical pump price relationship is about 50 to 60 cents higher than that. In some areas like New Jersey it would be less of a gap.

But right now the national average is about $2.62 so you can see the pump price will drip lower for quite a while. The cynicism of a jump after election day is not well founded.

I severely doubt we'll see $1.50 or similar, which would require a trading price of about a dollar.

Here in Las Vegas we are still in the $2.86 range for the average. It's disgusting. In the past month we've gone from 17 cents below the national average to 24 cents above the average. Yet the locals don't seem to know or care. They are giddy about 2 cent drops here and there.

[MindMatter]

15. Nah. It is all about refining capacity

The oil companies turn that on and off to manipulate the prices. The bbl price went from $145 to 95 and the price at the pump didn't change a penny. Why? Because the oil companies have always worked the strategy to gouge the consumer all the way through Labor Day.

They figure, correctly, that the average American has a memory of about a week, so as they approach the election, they open up the refining capacity and drive the price down. The week after the election, they'll shut down 20% of their refinery capacity for "unplanned maintenance".

[Jazzgirl]

7. $2.25 up the streeet one mile from my house.

The Valero AND Shell stations are both $2.25. I cannot believe it!!!

[Joe Fields]

8. $1.98 here

[DainBramaged]

10. There ya go (where is here???)

[Joe Fields]

11. Independence, Mo.

[Initech]

9. Finally back below $3.00 in La La Land!

:woohoo:

Enjoy it while it lasts... I bet prices double by this time next year, especially if Exxon Mobil gets their boy in the White House. :grr:

[MindMatter]

12. Clockwork. They always run the price as high as they can get away with

the summer before an election, then bring it down right before the election so that Joe Sixpack will forget about the summer prices.

[pampango]

14. Actually, that almost never happens. Gas prices always peak in the summer (election year or not)

decline in the fall, bottom in the winter then rise in the spring to reach peak on the summer again. Since 2000 the biggest drops in price from the summer til early November occurred in 2003 and 2005, not in the election years.

[MindMatter]

16. It happens every contested Presidential election where I live

[pampango]

18. I don't know where you live, but nationally that didn't happen in 2004.

In 2004 gas prices peaked at $2.03 in the summer, declined just 4 cents to $1.99 by the election, then continued down to $1.75 by winter (first week of January 2005). So nationally it declined just a little bit before the election and quite a bit afterwards. Same thing in 2000 when gas peaked at $1.66 in June, went down to $1.50 by the election (I remember Republicans complaining that Clinton was releasing oil from the Strategic Petroleum Reserve to increase the supply and lower the price), then continued down to $1.38 by the last week in December.

Things could well have been different where you live, but nationally there was no great price drop leading up to the election in 2004 followed by a steep rise right afterwards.

[marlakay]

13. Is this the oil companies way of keeping large cars?

My husband and I had a long talk about this today. About how Carter last time we had gas crisis started making smaller cars and as soon as prices went down and reagan came in we went back to large cars and stayed that way.

I am almost wondering if they will use this economic crisis as an excuse to lower gas because consumption was going down too low for them. This way people will keep their large cars and then they can do what they did before slowly raise prices over a couple of years...

My only thought is that environmentalists with Obama will fight no matter the price of gas.

[Hekate]

17. $3.19 at the cheap station. What can I say--Santa Barbara & vicinity get screwed over. nt

[ScreamingMeemie]

19. $2.29 in SE Michigan.

[DainBramaged]

20. So, should 'Murica take the covers off the fire-breathing gas snorting beasts?

The people who really couldn't afford a car payment who got rid of their marginal gas burners are the ones paying now. And people who were considering a high mileage vehicle are now saying, feck it, it was all bullshit.


:hi:

[mnhtnbb]

21. Average price $2.90 in Orange County, NC (Chapel Hill)

http://www.gasbuddy.com/gb_gastemperaturemap.aspx

[guitar man]

22. $1.97 Oklahoma City this morning nt