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Gas Prices Two-Year-Low Providing Consumer Relief At Pump

Newsoxy -- Gas prices have plummeted to a two-year-low providing consumers with some relief, but now some financial analysis said prices could still fall to levels not seen in years at the pump.

AAA reports that the average price of a gallon of self-serve regular gas has fallen steadily every day for almost four weeks. Tuesday’s $3.24 a gallon, which was the lowest price so far in 2012 and only three cents away from the price last reached in February 2011.

Tom Kloza, chief analyst at the Oil Price Information Service, said that he thinks the chances are good that prices will reach that nearly two-year low, based on what he’s seeing in the wholesale price market. OPIS compiles prices data from 120,000 stations nationwide for AAA. He said the national average is partly being driven down by better

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Submitted Dec 25, 2012 By: aservant

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DanMtz Champion Author Oakland Posts:3,360 Points:1,244,300 Joined:Oct 2009	Message Posted: Dec 26, 2012 12:56:22 PM Ignore DanMtz Report Abuse Good. Something tells me I may need the extra money next month.
doctorindyj Champion Author Santa Fe Posts:3,458 Points:840,785 Joined:Nov 2009	Message Posted: Dec 26, 2012 10:50:31 AM Ignore doctorindyj Report Abuse A two year low. Not an all time low. Love how they play the word games. Thank you sir may I have another.
dabayer Champion Author New Hampshire Posts:2,753 Points:624,055 Joined:Oct 2005	Message Posted: Dec 26, 2012 8:39:17 AM Ignore dabayer Report Abuse Gas is still too expensive. $2.50 a gallon would be reasonable.
bston Champion Author Oklahoma City Posts:1,825 Points:643,250 Joined:Mar 2011	Message Posted: Dec 26, 2012 8:03:47 AM Ignore bston Report Abuse Only providing pennies savings at the pump. We've been gouged a few years & that's hard to recover.
alterman156 Champion Author New York Posts:7,490 Points:1,558,500 Joined:Dec 2008	Message Posted: Dec 26, 2012 1:02:58 AM Ignore alterman156 Report Abuse Gasoline prices could be lower.
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Dec 26, 2012 12:07:06 AM Ignore jetskijerry Report Abuse You're out of your mind.
Jeff4U Champion Author Atlanta Posts:8,762 Points:1,853,345 Joined:Nov 2004	Message Posted: Dec 25, 2012 11:43:00 PM Ignore Jeff4U Report Abuse It's NOT a 2-year low. Gas was $2.99 one year ago when I traveled at Christmas. It's $2.99 today.
BEGTWO Champion Author Maryland Posts:1,947 Points:725,115 Joined:Sep 2010	Message Posted: Dec 25, 2012 11:34:08 PM Ignore BEGTWO Report Abuse COOL
iFueler Champion Author Durham Posts:64,423 Points:179,500 Joined:Nov 2012	Message Posted: Dec 25, 2012 11:12:37 PM Ignore iFueler Report Abuse some prices going up at some stations around here
Tekkersmom57 Champion Author Syracuse Posts:1,884 Points:702,165 Joined:May 2010	Message Posted: Dec 25, 2012 10:42:23 PM Ignore Tekkersmom57 Report Abuse Gas prices should be lower than last year because oil is $10/barrel cheaper than it was one year ago. Who do they think they are fooling that we should be grateful that gas is lower than it was yet it is still more expensive than a year ago and oil was more expensive. Hmmmm....does this make any sense?
esq262 Champion Author Asheville Posts:2,907 Points:649,465 Joined:Jul 2011	Message Posted: Dec 25, 2012 9:35:19 PM Ignore esq262 Report Abuse Going up here.
andy1024 Champion Author Allentown Posts:1,702 Points:448,150 Joined:Dec 2011	Message Posted: Dec 25, 2012 9:29:46 PM Ignore andy1024 Report Abuse Hope there will be more relief coming.
TomT2Lee Champion Author Cincinnati Posts:5,357 Points:1,598,730 Joined:Sep 2005	Message Posted: Dec 25, 2012 9:21:31 PM Ignore TomT2Lee Report Abuse Folks, gas prices is not in the top 100 list of problems America faces. The other problems, several which contribute to high gas prices, have not gone away. They are getting worse. Don't equate a drop in gas prices to things are getting better.
KhelbenArunson Champion Author Michigan Posts:4,451 Points:718,840 Joined:Apr 2008	Message Posted: Dec 25, 2012 4:59:51 PM Ignore KhelbenArunson Report Abuse Considering it should be less than $2 a gallon....
Zing20 All-Star Author Fresno Posts:694 Points:173,095 Joined:Nov 2012	Message Posted: Dec 25, 2012 4:53:18 PM Ignore Zing20 Report Abuse Prices need to go lower.
TripleHs Champion Author Austin Posts:3,355 Points:918,090 Joined:Oct 2009	Message Posted: Dec 25, 2012 4:49:24 PM Ignore TripleHs Report Abuse way too high with given demand and supply
MrLefty0706 Champion Author Chicago Posts:1,449 Points:352,060 Joined:Apr 2012	Message Posted: Dec 25, 2012 4:12:30 PM Ignore MrLefty0706 Report Abuse Continue to decline and then stay down.
investmentdr Champion Author Cleveland Posts:4,034 Points:1,456,025 Joined:Sep 2008	Message Posted: Dec 25, 2012 3:17:08 PM Ignore investmentdr Report Abuse two year low people
Cothrom Champion Author South Carolina Posts:1,761 Points:726,555 Joined:Sep 2005	Message Posted: Dec 25, 2012 2:08:12 PM Ignore Cothrom Report Abuse We are in the $2.80's here in SC. Everyone's excited and buy more. As usual, it will change.
VernonOR Champion Author Oregon Posts:2,920 Points:738,845 Joined:Aug 2010	Message Posted: Dec 25, 2012 1:50:50 PM Ignore VernonOR Report Abuse We now think if we pay $3 plus that we are getting a bargain.
fuel2use Champion Author Seattle Posts:3,493 Points:734,300 Joined:Dec 2010	Message Posted: Dec 25, 2012 1:10:33 PM Ignore fuel2use Report Abuse And here we are celebrating $3.24. I remember being shocked by 75 cent gas.
davenles Champion Author Texas Posts:3,206 Points:719,860 Joined:May 2011	Message Posted: Dec 25, 2012 1:10:02 PM Ignore davenles Report Abuse A few stations here dropped the price a dime on Christmas Eve, but most had no Christmas cheer.
FuelishGuy All-Star Author Edmonton Posts:796 Points:926,310 Joined:Oct 2008	Message Posted: Dec 25, 2012 1:09:12 PM Ignore FuelishGuy Report Abuse ...enjoy it while you can. The trend is up and prices will no doubt be going up ...again.
BUSMAN1105 Champion Author Atlanta Posts:2,164 Points:1,171,935 Joined:Aug 2008	Message Posted: Dec 25, 2012 12:46:00 PM Ignore BUSMAN1105 Report Abuse THAT'S GREAT NEWS FOR EVERYBODY THAT DRIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!
lonewolf_947 Champion Author New Hampshire Posts:1,286 Points:577,715 Joined:Mar 2011	Message Posted: Dec 25, 2012 12:44:09 PM Ignore lonewolf_947 Report Abuse should still be going down .......... no reason to be this high in the first place ...... too much G R E E D going around ......lets start the new year right & lower the prices .........
gbs1 Champion Author Minnesota Posts:2,006 Points:743,575 Joined:Mar 2011	Message Posted: Dec 25, 2012 12:30:10 PM Ignore gbs1 Report Abuse After getting pummelled all year, we a getting a year end break
genoist Veteran Author Orlando Posts:341 Points:165,470 Joined:Nov 2008	Message Posted: Dec 25, 2012 12:04:28 PM Ignore genoist Report Abuse I've been pleasantly surprised by the lower gas prices over the last few weeks. It seems to me that they would be more likely to be higher during this season.
Norm10 Champion Author British Columbia Posts:3,342 Points:162,925 Joined:Dec 2010	Message Posted: Dec 25, 2012 11:42:41 AM Ignore Norm10 Report Abuse Little or no relief around here!
dacofa Champion Author Nevada Posts:5,375 Points:1,150,610 Joined:Jan 2010	Message Posted: Dec 25, 2012 11:33:17 AM Ignore dacofa Report Abuse Short lived
kag2010 Champion Author Winnipeg Posts:5,264 Points:1,021,710 Joined:Apr 2010	Message Posted: Dec 25, 2012 11:27:47 AM Ignore kag2010 Report Abuse Too all of you "Merry Christmas".
abacus44 Champion Author Toms River Posts:3,485 Points:749,465 Joined:Jan 2011	Message Posted: Dec 25, 2012 11:25:18 AM Ignore abacus44 Report Abuse @leraar2 - "at today's oil prices, should be down around $2.00 except for greed and speculators." At $84. per barrel (42 gallons), that would be a cost of $2.00 per gallon just for the rew materials, so what about the cost of refining, transportation and other operations? Your expectations are nowhere near realistic.
kag2010 Champion Author Winnipeg Posts:5,264 Points:1,021,710 Joined:Apr 2010	Message Posted: Dec 25, 2012 11:25:00 AM Ignore kag2010 Report Abuse EIGHT YEAR LOW?
Barfood Champion Author St. Louis Posts:3,306 Points:1,018,655 Joined:Jun 2009	Message Posted: Dec 25, 2012 11:23:49 AM Ignore Barfood Report Abuse Merry Christmas to gas buyers.
datuner Champion Author Kansas City Posts:1,234 Points:1,102,440 Joined:Oct 2008	Message Posted: Dec 25, 2012 11:17:34 AM Ignore datuner Report Abuse Lower, please. I'm too old to walk or ride a bike.
outlaw329 Champion Author Austin Posts:7,621 Points:1,375,380 Joined:Aug 2008	Message Posted: Dec 25, 2012 11:16:05 AM Ignore outlaw329 Report Abuse Still about a dollar to much!
leraar2 Champion Author Massachusetts Posts:3,769 Points:788,655 Joined:Mar 2011	Message Posted: Dec 25, 2012 11:14:04 AM Ignore leraar2 Report Abuse at today's oil prices, should be down around $2.00 except for greed and speculators.
SavALot Champion Author Virginia Beach Posts:8,479 Points:1,712,810 Joined:Apr 2005	Message Posted: Dec 25, 2012 11:13:31 AM Ignore SavALot Report Abuse Keep setting new lows!
Wolfwings Champion Author Delaware Posts:8,745 Points:1,777,440 Joined:May 2004	Message Posted: Dec 25, 2012 11:13:01 AM Ignore Wolfwings Report Abuse Two year low??? Think back to BEFORE 0-BUMMER... Regular was $1.46. How about an EIGHT YEAR LOW?
garjul Champion Author Flint Posts:1,585 Points:650,740 Joined:Jul 2009	Message Posted: Dec 25, 2012 11:12:35 AM Ignore garjul Report Abuse Gas prices have plummeted? If you look at the stats, a year ago the USA avg was $3.23, now its $3.24 on avg this year, I don't see where the drop is from last year.
icer06 Champion Author Huntsville Posts:2,433 Points:458,270 Joined:Jan 2012	Message Posted: Dec 25, 2012 11:12:07 AM Ignore icer06 Report Abuse I'm very glad, but hope the trend continues lower.
Skunk63 Champion Author Phoenix Posts:2,559 Points:559,310 Joined:Oct 2011	Message Posted: Dec 25, 2012 11:11:03 AM Ignore Skunk63 Report Abuse It's lower but not low enough to celebrate.
boldrph Champion Author Topeka Posts:18,382 Points:3,452,615 Joined:Oct 2002	Message Posted: Dec 25, 2012 11:10:36 AM Ignore boldrph Report Abuse lowest price in over 2 years here ... $2.96
Delight777 Sophomore Author Cleveland Posts:228 Points:358,495 Joined:Oct 2011	Message Posted: Dec 25, 2012 11:10:25 AM Ignore Delight777 Report Abuse Keep going down.
2granny Champion Author Michigan Posts:9,580 Points:1,467,230 Joined:Apr 2009	Message Posted: Dec 25, 2012 11:09:03 AM Ignore 2granny Report Abuse Our gas prices went up for Christmas as usual.
Taxrefugee Champion Author Arizona Posts:1,407 Points:387,970 Joined:Jan 2012	Message Posted: Dec 25, 2012 11:08:44 AM Ignore Taxrefugee Report Abuse Every bit helps, but barely at a one-year low in AZ.
I10Express Champion Author San Antonio Posts:8,674 Points:1,640,945 Joined:Nov 2008	Message Posted: Dec 25, 2012 11:08:27 AM Ignore I10Express Report Abuse I'm not feeling relieved
RONALD777 Champion Author Houston Posts:2,442 Points:364,705 Joined:Nov 2007	Message Posted: Dec 25, 2012 11:08:23 AM Ignore RONALD777 Report Abuse Recession will help keep prices low.
BBHybrid Champion Author Pittsburgh Posts:6,474 Points:1,296,000 Joined:Aug 2008	Message Posted: Dec 25, 2012 11:08:20 AM Ignore BBHybrid Report Abuse where? not here in pa
my97jeep Sophomore Author Washington Posts:121 Points:32,525 Joined:May 2006	Message Posted: Dec 25, 2012 11:06:50 AM Ignore my97jeep Report Abuse can still go much lower!
Bleeder Champion Author Virginia Posts:8,038 Points:1,700,375 Joined:Jan 2008	Message Posted: Dec 25, 2012 11:05:42 AM Ignore Bleeder Report Abuse Not low enough.