Wednesday, October 29, 2008

Gas prices hit 3-year low yesterday

The national average was $2.63 per gallon yesterday:
Gasoline prices fell overnight, settling Tuesday to approach the lowest level in roughly three years, according to the American Automobile Association.

The national average price for a gallon of regular gas fell to $2.629, down 3.9 cents from the day before, according to AAA's Daily Fuel Gauge Report.

The last time gas was this low was Oct. 24, 2005 at $2.6237 a gallon. ...

Gas is down 36.1%, or $1.485, from the record-high price of $4.114 that AAA reported in mid-July. Gas is down 28.07%, or $1.026, from the month ago average.

On Oct. 18, the average price dropped below $3 a gallon for the first time in nearly nine months. ...

Demand for gas is dropping, as Americans drive less and consume less gas compared to last year.


  1. Watch this video to learn the real truth about high gas prices. Click here for enlightenment

  2. Andrea,

    That link is 35% "the truth about", and 65% "the anger and disappointment about".

    Sounds like someone needs a hug.

    Chuck Ponzi


    Oil companies pour on charm before posting fat profits


    The world's best-known oil companies are pouring on the charm as they get ready this week to parade another round of fat profits before a public that is feeling suddenly poorer. The spotlight will shine on Exxon on Thursday and Chevron on Friday. Such advertising makes sense after a summer with oil at nearly $150 a barrel and a fall likely to bring renewed scrutiny of their investments and tax breaks.

    But when oil companies spend their money, it's less about you and me than about their shareholders. In many respects, industry experts note, what's good for Big Oil's bottom line isn't necessarily good for Joe Q. Jetta.

    "That's a game that oil companies have been playing for a while, but they've been pumping more money into it lately," said Sheldon Rampton, research director at the Center for Media and Democracy. "They're hoping to mitigate their bad reputation rather than become beloved."

  4. Fantastic! That means the cost of driving clients to see listings is also down.

  5. If you have to troll a bubble site for customers, I don't think the cost of fuel is your biggest problem.