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AAA: Gas under $3 this fall?

10/08/2008, 2:06 PM

By Andrew Ganz

The American Automobile Association suggests that gas prices might return to below $3 per gallon of regular unleaded based on the national average at some point this fall. AAA predicts significant drops in fuel prices at the pump as long as the cost per barrel of oil continues to drop.


“AAA expects the national average price of gas will drop significantly this fall, with a possible return to $3 per gallon,” Catherine L. Rossi, manager, public and government affairs for AAA, told the Philadelphia Business Journal.

But the cost per barrel of oil isn’t the only thing that would affect prices at the pump for consumers. Lower global demand thanks to the weakened economy and a strengthening United States dollar will also contribute to reduced prices – assuming things continue to move at their current pace into the fall.

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10/08, 2:10 PM

posted by:

Chris C.

OKLAHOMA CITY: $2.77/gal

10/08, 2:14 PM

posted by:

A4

aint any cheaper here…

10/08, 2:16 PM

posted by:

Madcapp

The drop in gas prices is just due to the election. Anybody who can’t see that, or still thinks that Republicans are a good idea oughta get shot for being so stupid.

10/08, 2:18 PM

posted by:

acoats

I saw $2.99 outside of Memphis today.

10/08, 2:22 PM

posted by:

beatusmongous

Madcapp, shooting people for what they want to believe is against all principles of the U.S. of A. Shooting them for taking your money **cough cough ACORN cough cough** should be totally legal.

10/08, 2:26 PM

posted by:

pavlindrom

My brother filled with $2.99 yesterday, and that is because of the shaking economy, not election. and I still choose republican. I’m a crazy conservative, but frankly you can’t change my mind.

10/08, 2:37 PM

posted by:

tastyorange

what kind of car is that?

10/08, 2:54 PM

posted by:

johnnycanuck

Quick! Everyone run out and buy a Hemi!

10/08, 2:59 PM

posted by:

autonut

Never mind Hemi, Hummer! GM probably taking it off the market (the Hummer company)

10/08, 3:23 PM

posted by:

gooch02000

Madcapp,

anyone who thinks it’s actually about red vs blue is blind. Wake up.

10/08, 3:42 PM

posted by:

yarddog82abn

Madcapp, gooch2000…..

Both economy and elections are playing a big roll in the drop of gas, now back under $3.00 buck, manly economy, but as well the fear that big oil has with alternative fuels, if gas stay’s down after November then the election played a small roll, and it’s mostly the BIG FAT nice Fed. grants for alternative fuels that big oil has an eye on. with the change of political party in the White House there will be more money for green tech. but if gas stays at a low price, we the people will not jump on the bandwagon and cry out for alternative cheaper fuel. Hay come on now, we all know that big oil made there money, soon they will be in our back yards drilling for “BLACK GOLD”, so it’s going to play out that way, gas stays low, people start buying, the economy will start moving again, and big oil keeps control of the fuel market…

10/08, 3:42 PM

posted by:

Lariat Luxury Locomotive Liner No.3

AAA does their damnedest to manipulate the market. Why? They want to sell you insurance! They push for more roads to be built; they never really address mass-transit; they never lower your rates as they have some fool excuse why they cannot because of this and that. And, oh yeah, policitics? You betcha!

10/08, 3:43 PM

posted by:

yarddog82abn

and I’m sure this is something we can all see coming….

10/08, 3:53 PM

posted by:

jayjc08

It’s…. $3.37 here in NY. NY gas prices are ridiculous. I doubt they will ever climb down to previous levels. People will continue to profit from it.

Madcapp…

It’s been mostly Republicans who have been pushing for drilling on our land. Quite a few Democrats outright oppose it. I don’t generalize however because really I don’t consider either party to be… that intelligent, or that unified for that matter.

Any who, that was about the most ignorant comment I’ve read all day.

10/08, 4:07 PM

posted by:

Nightblack_97

Madcapp
Its comments like that, that show the intelligence level fo some people. Why don’t you tell us why the republicans caused high gas prices, and how your precious Obama is going to bring the “change” he keeps talking about. Its simple economics, not the evil republicans. We’re the ones trying to get oil prices down in this country by creating a greater supply… instead of alternative fuels that won’t make a difference for years to come.

10/08, 4:27 PM

posted by:

LJ

Well, last election, prices fell…then right after voting… right back up.
Many news bits about this happening in the past, on the internet.

10/08, 4:30 PM

posted by:

Jordan

screw you all, i’m with madcapp.

10/08, 4:31 PM

posted by:

LJ

10/08, 4:27 PMposted by:LJ
Well, last election, prices fell…then right after voting… right back up.
Many news bits about this happening in the past, on the internet.
——————————-
I forgot to add… just type in “gas prices fall before election”, and see the pages pop up.

Have a good week.

10/09, 9:34 AM

posted by:

roy

Western Missouri- eastern KS
$2.75 for unleaded regular. It has dropped 20 cents in a week

10/09, 10:11 AM

posted by:

jumpoffit

weird , now is it the actual gas company that changes prices? i noticed gas prices falling to, but here at a Valero gas station they were charging from 2.99/reg all the way to 3.19 super, but just down the street at a Shell they were charging 3.29/reg all the way to 4.19 super? what the hell?

10/09, 11:07 AM

posted by:

Madcapp

Nightblack, you couldn’t have asked an easier question. The rapid spike in oil prices, and gasoline rising from its traditionally stable $1.00 to $1.25 a gallon is directly attributable to Bush’s decision to have a fradulent war in Iraq. That’s what has destabilized the middle east oil market. If there was no Iraq war, regular unleaded would be $1.20 a gallon now, and over the last 6 years. All the sabre rattleing and ego posturing between the US administration, and oil producing nations just an intentional device/gimmick to inject uncertianty into the oil market and destabilize/drive up prices. And that’s just going to continue as long as Republicans control the administrative branch of government. If you don’t understand that reality, you’re blind. Oil prices fall, Bush finds a new way to cause global political friction…its a simple formula.

10/09, 11:15 AM

posted by:

Madcapp

I actually should have said “Bush’s decision to INTENTIONALLY MISLEAD THE WORLD and have a fradulent war in Iraq” in my comment above.

10/09, 1:11 PM

posted by:

ktulu

I’;m still oaying $3.339.
gas prices R lalling Bcuz te GOP’s oil buddies R triyng to keep the Obamster iff his throne. Not gonna happen.

I wonder if Catherine L. Rossi is prety,. (ske’s not)

OKC has refineries, & so ndoes N.J., so those prices R usually the lowerst.

Anybody who cthinks that Republicans R a good idea is stopid, biut doens’t neccesarily deserve tro B shot.
democrats R usually terrible, but the Obamster has cum out of nowhere to rescu us from BS red/blue politics.

All “conservatives” R crazy

I say we drill.

da republicans caused high gas prices by allowing their poil buddies to gaoughe us.

McCan is rite on 1 thing, though … we should take an “all of the above” approach on NRG. That means Nukes, wind, electricity, somlar, hydrogen and … oil.

I agree that the rapid spike in oil prices, and gasoline rising from its traditionally stable $1.00 to $1.25 a gallon is directly attributable to Bush’s decision to have a fradulent war in Iraq.

If there was no Iraq war, regular unleaded would be $1.40 a gallon now. Maybe it’d B lower, bcuz the russians would B kickjking in supply. I say $1.40 sted $1.20 2 accoun t 4 nu demand in indochina

10/10, 5:55 PM

posted by:

jayjc08

madcapp- SO you think all Republicans are behind this little scheme? Cause as far as I’m concerned, Bush has his hands deep in oil and so do quite a few others, and this war was never needed…

but it’s not just Republicans. Odd thing is, it was Bush who suggested offshore drilling that marked prices dropping this year, not a Democrat. And it’s a Republican who’s offering to drill of our own soil. It’s some Democratic ideals that have got us locked in into NOT drilling on our own soil. You can’t just point the finger at one party; I’m not too political myself, but both parties are so eschewed from what they originally represented, and both parties are so eschewed about their goals, I wouldn’t go with either. I’d rather just not vote, all the candidates and party members in the last 10 to 50 years haven’t been WORTH electing. I got excited about Ron Paul there for a while, but he just didn’t take his campaign in the right spot and the media blind sided him. Don’t get too caught up into conspiracy theories.

 
 
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