Gas Prices dropping? Not In Utah...

[Palerider]

its gonna go dowm more.....oil fell below 60 dollars a barrell

[miztrniceguy]

1.79 tonight in liberty

[pam]

Yea...we finally went below 2.00 Went to 1.99. I went back to the beginning of this thread and saw we were at 4.07 on August 2nd. We've gone down over $2 in 3 months.

[RainofGold]

It was a very happy day for me today. Last month I would filled my toyota 4runner with about $90.00 and it probably last for just one week.
This morning it only took $50.00.

The gas prices have gone down a lot, but
not like in Utah.
For us here in southern Cal. the highest was $4.50 and $4.80

Now is between $2.30 and $2.40 which is great...

Rain

[Palerider]

Just a week ago I was filling my car up and it stopped at 12 dollars......I looked up and thought....something must be wrong....LOL!!!!!!!!!!!!!!!!!........

[Hemidakota]

Nice....

2.38

[Hemidakota]

CNN NEWS ALERT: Oil settles at a 21-month low, down $3.17 to $56.16 a barrel, on worries about global demand.

[Hemidakota]

As I told extensive large auto blogging group back in 2003 when the scam of the day was to use the De beers diamond marketing model, from a market of demand to a market of speculation or to create an artificial pricing, that oil would rise in the beginning only to have consumers react swiftly in bringing back reality to the gasoline prices. Though, it took longer than necessary but the best blessing, the auto manufacture saw the same writing and now reacting to push alternative energy vehicles to the market by 2012.

The will worth of oil since that time has also dropped to a mere 20-25 dollar range per barrel. We thank this soon-to-be global depression in bringing back the speculation market to reality.

[a-train]

$1.63 in Independence now. Lots of locations below $1.70. Still $1.74 on my block.

-a-train

[Hemidakota]

Producers in turmoil as Russian oil hits $10 a barrel Leading Russian oil producers, including TNK-BP, BP's Russian affiliate, are grappling with a collapse in profits from the export of Siberian oil. Heavy export tariffs have almost wiped out the profit margin from selling crude oil outside Russia, forcing Siberian producers to sell at prices as low as $10 a barrel on Russia's domestic market. Fears are mounting that the profits squeeze may speed the decline in Russian oil output, already down 6 per cent this year.

The profits crunch, caused by the collapse in the worldwide price of crude, is provoking concern within Russia's oil community that capital expenditure budgets will have to be cut if profits from oil sales do not recover. “The tax burden is very tough,” Valeri Nesterov, an oil analyst at Troika Dialog, the Moscow brokerage, said. “The problem is that the future of the oil sector might be jeopardised if the Government doesn't reduce the tax burden.”
Transneft, the Russian state oil pipeline monopoly, reported over the weekend that shipments of crude were running at only three quarters of planned exports for November. Oil traders suggested that leading producers, including Tatneft and Rosneft, the biggest Russian oil producer, were likely to cancel tanker exports from Black Sea ports due to the heavy tax burden.