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Holiday break for consumers: Plummeting gasoline prices

USA Today -- With memories of having paid all-time high prices for gasoline earlier this year, U.S. consumers are about to get a break for the holiday season: $3-a-gallon gas in much of the country.

With U.S. supplies rising and demand fizzling, wholesale prices are sinking fast and will soon be reflected at the pump. Now averaging $3.35 a gallon nationwide, prices are expected to drop to about $3.20 a gallon within the next two to three weeks. Consumers in many states could find prices at $3 a gallon or even less in many states, says Tom Kloza of the Oil Price Information Service.

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Submitted Dec 10, 2012 By: BurntOrange

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sydb7 Champion Author Atlanta Posts:3,552 Points:1,918,780 Joined:Mar 2003	Message Posted: Dec 11, 2012 9:44:24 AM Ignore sydb7 Report Abuse Please plummet in Atlanta!
mrpc90 Champion Author Illinois Posts:8,140 Points:1,926,200 Joined:Dec 2004	Message Posted: Dec 11, 2012 7:43:10 AM Ignore mrpc90 Report Abuse The only thing that is plummeting is this country...
remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Dec 11, 2012 5:49:37 AM Ignore remay Report Abuse Plummeting??? I wouldn't go as far as stating that.
JadeK Veteran Author Michigan Posts:260 Points:202,770 Joined:Jul 2011	Message Posted: Dec 11, 2012 3:39:12 AM Ignore JadeK Report Abuse Ok
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,625,275 Joined:Jun 2008	Message Posted: Dec 11, 2012 1:58:39 AM Ignore DrCashFlow Report Abuse next recession imminent
packards42 Champion Author Washington Posts:6,442 Points:1,127,615 Joined:Feb 2005	Message Posted: Dec 11, 2012 1:02:26 AM Ignore packards42 Report Abuse Yes $3.00 look like it a possibility
MrLefty0706 Champion Author Chicago Posts:1,444 Points:350,335 Joined:Apr 2012	Message Posted: Dec 11, 2012 12:46:41 AM Ignore MrLefty0706 Report Abuse Let's lower prices and keep them down.
MrPony Veteran Author North Carolina Posts:420 Points:392,115 Joined:Jul 2004	Message Posted: Dec 11, 2012 12:09:42 AM Ignore MrPony Report Abuse Lower prices would be a good Christmas present!
Alaydown Champion Author Los Angeles Posts:5,106 Points:821,570 Joined:May 2007	Message Posted: Dec 11, 2012 12:06:00 AM Ignore Alaydown Report Abuse "Plummeting gasoline prices"? They are easing down, but they aren't plummeting anywhere. They'll be headed back up at around Christmas to record highs again next year thanks to Obama.
03Avalanche Sophomore Author Salt Lake City Posts:124 Points:281,990 Joined:Jul 2011	Message Posted: Dec 10, 2012 11:36:50 PM Ignore 03Avalanche Report Abuse Only thing plummeting is my income/remaining $ after filling up!
CCLighthouse All-Star Author Hartford Posts:998 Points:212,055 Joined:Aug 2012	Message Posted: Dec 10, 2012 11:13:30 PM Ignore CCLighthouse Report Abuse It's the quiet before the Coyote bites! : D
wldhrs1 All-Star Author Alabama Posts:748 Points:152,080 Joined:Jun 2012	Message Posted: Dec 10, 2012 11:12:59 PM Ignore wldhrs1 Report Abuse Enjoy this short-lived price drop. It'll fade away.
heartbroken2010 Champion Author Ottawa Posts:4,339 Points:896,560 Joined:Aug 2010	Message Posted: Dec 10, 2012 11:09:02 PM Ignore heartbroken2010 Report Abuse stay down.
getalong All-Star Author California Posts:791 Points:148,215 Joined:Aug 2007	Message Posted: Dec 10, 2012 11:06:20 PM Ignore getalong Report Abuse Talk to me again when it's below $2.50!
mia3bxs Veteran Author Miami Posts:447 Points:310,215 Joined:Jul 2011	Message Posted: Dec 10, 2012 11:06:19 PM Ignore mia3bxs Report Abuse Now that's what I'm talking about!
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Dec 10, 2012 11:05:15 PM Ignore rahcat Report Abuse Where?
cheaper0ON All-Star Author Ontario Posts:973 Points:396,855 Joined:Jan 2012	Message Posted: Dec 10, 2012 11:01:30 PM Ignore cheaper0ON Report Abuse Good.
joeschmo12 Champion Author New York Posts:1,011 Points:305,265 Joined:Mar 2012	Message Posted: Dec 10, 2012 11:00:11 PM Ignore joeschmo12 Report Abuse i guess this is somewhat a break
Eugenian Champion Author Oregon Posts:1,857 Points:361,155 Joined:Oct 2009	Message Posted: Dec 10, 2012 10:54:29 PM Ignore Eugenian Report Abuse Holiday, schmoliday.
VikingWoman Champion Author Washington Posts:1,259 Points:250,690 Joined:May 2012	Message Posted: Dec 10, 2012 10:53:58 PM Ignore VikingWoman Report Abuse This is supposed to be good news but "demand is just tanking" equates to bad news for our economy. I'm starting to think some of these stories are just propaganda but if they start selling gas for $1.68 gas like in 2008, I'll be okay with that. lol
goodbuy Champion Author Michigan Posts:7,658 Points:1,420,630 Joined:May 2005	Message Posted: Dec 10, 2012 10:53:13 PM Ignore goodbuy Report Abuse Not here in Michigan and NOT for diesel. USA today must be living in a hole somewhere.
nordiqueen Rookie Author San Diego Posts:18 Points:81,005 Joined:Oct 2012	Message Posted: Dec 10, 2012 10:46:34 PM Ignore nordiqueen Report Abuse Please!!! Here anywhere from 3.50 to 4.05!!! Higher than most states!!
mobjr2 Rookie Author San Diego Posts:26 Points:25,975 Joined:Feb 2004	Message Posted: Dec 10, 2012 10:44:57 PM Ignore mobjr2 Report Abuse How long will it last?
TFowler513 Champion Author Memphis Posts:3,824 Points:1,412,235 Joined:Mar 2008	Message Posted: Dec 10, 2012 10:42:28 PM Ignore TFowler513 Report Abuse Plummeting... I don't think so. Just another word in a lame attempt to sensationalize a slow decline in pump prices. Now when prices increase, why don't they use the word skyrocket or a phrase like exponential hike???
hwnguy Champion Author Honolulu Posts:3,843 Points:1,386,575 Joined:Apr 2008	Message Posted: Dec 10, 2012 10:42:15 PM Ignore hwnguy Report Abuse Closer to $3.97 here
REKEY Champion Author South Carolina Posts:8,569 Points:1,697,465 Joined:May 2008	Message Posted: Dec 10, 2012 10:40:49 PM Ignore REKEY Report Abuse Wow 2.97 is not what I call plummeting!
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Dec 10, 2012 10:40:10 PM Ignore bvrbill Report Abuse I remember when $3.00 per gallon was outrageous. Now we call it low. Something isn't right.
blazerbob91 Champion Author Milwaukee Posts:6,135 Points:1,881,720 Joined:Aug 2005	Message Posted: Dec 10, 2012 10:38:25 PM Ignore blazerbob91 Report Abuse We are getting used to $3 gas. That's what they want.
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Dec 10, 2012 10:37:57 PM Ignore abcdMA Report Abuse it is bad when expensive gas looks to be cheap because prices have been so high for so long
sickhp Champion Author San Antonio Posts:1,369 Points:515,180 Joined:Sep 2011	Message Posted: Dec 10, 2012 10:33:30 PM Ignore sickhp Report Abuse Still having sticker shock under the current Obama setup.
yorkygurl2008 Veteran Author Indiana Posts:257 Points:51,785 Joined:Sep 2012	Message Posted: Dec 10, 2012 10:33:07 PM Ignore yorkygurl2008 Report Abuse OK
gasmack Champion Author Ventura Posts:1,705 Points:666,550 Joined:Feb 2011	Message Posted: Dec 10, 2012 10:32:42 PM Ignore gasmack Report Abuse By cracky, we deserve every damned bit of it and we'll take it all.
jjfisher All-Star Author Toledo Posts:546 Points:747,690 Joined:Aug 2008	Message Posted: Dec 10, 2012 10:29:04 PM Ignore jjfisher Report Abuse Take it while it lasts
FlyNFool Champion Author South Carolina Posts:8,234 Points:1,684,000 Joined:Aug 2008	Message Posted: Dec 10, 2012 10:24:16 PM Ignore FlyNFool Report Abuse I'll start jumping up and down when it's under $2.00/gal.
drobbbb Champion Author Maryland Posts:3,470 Points:810,510 Joined:Dec 2010	Message Posted: Dec 10, 2012 10:24:09 PM Ignore drobbbb Report Abuse good
pacecar68 Champion Author Oakland Posts:4,661 Points:867,095 Joined:Jan 2007	Message Posted: Dec 10, 2012 10:22:21 PM Ignore pacecar68 Report Abuse i like it!
s6sputnik Champion Author Austin Posts:6,219 Points:1,306,445 Joined:Jun 2007	Message Posted: Dec 10, 2012 10:22:02 PM Ignore s6sputnik Report Abuse Yup!
1Boog Champion Author Lincoln Posts:5,966 Points:1,199,950 Joined:May 2004	Message Posted: Dec 10, 2012 10:15:00 PM Ignore 1Boog Report Abuse plummeting prices would be if they suddenly under $2.00 a gallon. Until then this is a feathery down slide....waiting for the next time to skyrocket upward.
pricechecker08 Champion Author Ohio Posts:7,866 Points:1,698,750 Joined:Jan 2008	Message Posted: Dec 10, 2012 10:13:48 PM Ignore pricechecker08 Report Abuse Still about 30% too high/
mecforyou Champion Author Iowa Posts:2,962 Points:1,260,180 Joined:Jul 2007	Message Posted: Dec 10, 2012 10:13:12 PM Ignore mecforyou Report Abuse OK
Prodaddy Champion Author Houston Posts:8,375 Points:1,894,210 Joined:May 2007	Message Posted: Dec 10, 2012 10:13:01 PM Ignore Prodaddy Report Abuse A great story would be $ 1.50 a gallon
JagXKR Champion Author British Columbia Posts:3,149 Points:1,089,580 Joined:Dec 2009	Message Posted: Dec 10, 2012 10:11:18 PM Ignore JagXKR Report Abuse If it were $2.50 or as low as $2 that would be a good news story. This is just telling us that gas is no longer ridiculously priced but now it is just over-priced.
SavALot Champion Author Virginia Beach Posts:8,464 Points:1,710,635 Joined:Apr 2005	Message Posted: Dec 10, 2012 10:10:44 PM Ignore SavALot Report Abuse very nice present!
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Dec 10, 2012 10:08:34 PM Ignore wayoung56 Report Abuse Not plummeting here in North Alabama, unless you call a 3 cent drop in the last two weeks plummeting...
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Dec 10, 2012 10:07:40 PM Ignore DEG Report Abuse Gas prices should truly be closer to $2/gallon instead of $3.40/gallon.
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Dec 10, 2012 10:07:26 PM Ignore Lukus Report Abuse Ok if it continues.
serrog Champion Author Nova Scotia Posts:5,559 Points:1,511,155 Joined:Oct 2008	Message Posted: Dec 10, 2012 10:06:42 PM Ignore serrog Report Abuse good
iamforiu Champion Author Indiana Posts:3,565 Points:709,690 Joined:May 2011	Message Posted: Dec 10, 2012 10:02:49 PM Ignore iamforiu Report Abuse Drill baby drill
drz614 Champion Author Harrisburg Posts:2,294 Points:596,645 Joined:Aug 2011	Message Posted: Dec 10, 2012 9:59:00 PM Ignore drz614 Report Abuse lol. ooooook thank god the private sector is doing just fine. [Edited by: drz614 at 12/10/2012 11:00:44 PM EST]
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Dec 10, 2012 9:58:39 PM Ignore WIPACKERFAN Report Abuse Keep it going.