$3 A Gallon Gasoline Won’t Help Dems At The Polls. We assume no one in the Obama administration will blame Bush.
$3 A Gallon Gasoline Won’t Help Dems At The Polls. We assume no one in the Obama administration will blame Bush.
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Gas really should be around $2 a gallon, & it would be if the gov't would get the hell out of the way.
And, if they stopped their gas tax, it would be below $1.50.
They'd have to tax something else we consume to make up the difference. They'd regulate our odometers and tax us by the mile.
It would be REALLY nice if they used that money to maintain the roads.
Gas taxes help pay for our roads, I get that. Some states use tolls as well, that sucks, but I get that as well, & I get having a by the mile used fee as well. But they just add them on top of each other because they cannot spend enough money, & sadly, there is lots of waste.
Here is that story...
http://money.cnn.com/2008/11/26/news/economy/gas_prices_sink/index.htm
Gas prices fall below $1.87
Gasoline prices declined for the 70th consecutive day and are now 55% below the record high in mid-July.
NEW YORK (CNNMoney.com) -- Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
The national average fell 1.7 cents, sinking to the lowest level since Jan. 27, 2005, according to motorist group AAA. Over the last 70 days gas prices have plummeted 52%.
Prices at the pump have dropped $1.223 per gallon from a year ago and are now down 55% from the record-high of $4.114 per gallon reached in mid-July.
A total of 38 states recorded prices below $2 a gallon, with the cheapest gas found in Missouri, where prices averaged $1.571 a gallon.
Alaska continued to have the highest price at $2.889 per gallon.
2008: A volatile year for gas
Prices at the pump have been on a rollercoaster in 2008. Soaring prices curtailed travel this summer, and Americans waited months for a reprieve. They cut back spending in order to fill their gas tanks.
When the price reached the record-high $4.114 a gallon set on July 17, gas prices had risen already 35% year-over-year.
Gas prices finally began to sink on Aug. 21, as the dollar strengthened and oil prices saw their biggest drop in 17 years.
Late August brought Hurricane Gustav threatening infrastructure in the Gulf of Mexico. The storm shut down nearly all crude oil production and 82% of natural gas production in the Gulf region. Soon after, Hurricane Ike loomed over Texas and gas prices shot up in September, reaching more than $5 per gallon in some parts of the country during the early part of the month.
On Sept. 16, gas prices started declined as crude prices began trending lower amid weakening demand.
Meanhwile, the global economic slowdown continued to churn. The government's $700 billion Wall Street bailout plan punished the dollar, and on Sept. 21, oil prices posted their biggest one-day dollar gain.
Gas prices, meanhile, have continued to sink sharply, plunging 55% from the record-high in mid-July. Oil traders fear the global economic slowdown will continue to quash demand for fuel.
The AAA figures, compiled by Oil Price Information Services, are state-wide averages based on credit card swipes at up to 100,000 service stations across the nation. To top of page
First Published: November 26, 2008: 11:51 AM ET
"as the dollar strengthened"
There's a big part of it right there.
If gas fell BECAUSE of the elections, then we know who's fault it was that gas soared to $5 a gallon.
Election day 08 gas was $1.87 a gal in my area
I WISH a it was $3 gas. I'm happy as a clam when it falls below $4!
Where are you? I see 2.83 all over town. Probably could find lower than that if I ventured out a bit more.
She's in Hawaii.
Here outside Tampa, I saw $2.67 Saturday afternoon.
It's even worse on Maui. And at least I can get gas on base. It's at least 15¢ cheaper.