Gasoline Prices Drop to Cheapest in Nearly 4 Years

[Randy]

http://www.nbcnews.com/business/energy/gasoline-prices-drop-cheapest-nearly-4-years-n234561

The average price of U.S. retail gasoline dropped 18 cents in the past two weeks to the lowest level in nearly four years, driven by a steep drop in oil prices, according to the latest Lundberg survey released on Sunday. Prices fell 18 cents to an average of $3.08 per gallon for regular grade gasoline, according to the fortnightly survey conducted on Oct. 24, the lowest price since Dec. 2010.

The fall mirrors a drop in crude oil prices that have been pressured by ample global supplies and weak demand over the past four months. "The overwhelming reason why gasoline prices are down is that crude oil prices have fallen," said survey publisher Trilby Lundberg. The gasoline price is down from a 2014 peak of $3.72 hit in May and is 29 cents lower than the same period a year ago, she said. The highest price in the country was recorded in San Francisco at $3.45 per gallon, with the lowest price in Memphis at $2.73.

 

[Jazzy]

Like to know where these gas stations are because they sure aren't where I live. I just paid $3.79 per gallon for regular gas last night.

 

[DrLeftover]

Our average is in the Three-teens.

The off brand 'stop and rob' whose gas I won't even put in my lawn mower, was 2.99 the other day.

 

[Webster]

Avg. price of gas in Western N.C.?
Just under $3 a gallon.

 

[Dee]

Like to know where these gas stations are because they sure aren't where I live. I just paid $3.79 per gallon for regular gas last night.

Same here. On the west coast, we seem to get the last of the drops, and even then it doesn't drop down all that much. The only places here that are under $3.00 are Fred Meyer, and there aren't a lot of Freddies around here that actually have gas stations. Everything else is $3.40ish+, especially in downtown.

 

[Nebulous's iconNebulous]

I saw $2.99 somewhere the other day. I was shocked!

 

[WHO IS SERAFIN]

I filled up Friday for 2.79. I pay around $12,000 a year in gas would not mind if this dropped a few thousand.