1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Gas $1.99/gallon this morning!!

Discussion in 'Gen 2 Prius Main Forum' started by efusco, Oct 27, 2008.

  1. malorn

    malorn Senior Member

    Joined:
    Oct 28, 2005
    4,281
    59
    0
    Location:
    "Somewhere in Flyover Country"
    Vehicle:
    Other Non-Hybrid
    It will be interesting to see who is the first to pay less than $1.00/gallon for gas. Who would have thought (not even me) 4 or 5 months ago.
     
  2. efusco

    efusco Moderator Emeritus
    Staff Member

    Joined:
    Nov 26, 2003
    19,891
    1,191
    9
    Location:
    Nixa, MO
    Vehicle:
    2004 Prius
    Model:
    N/A
    With OPEC limiting how much they're pumping/selling and with the amount of tax on a gallon of gas I just can't imagine prices going much lower than they already are...and certainly not as low as $1/gallon.

    But, as you say, it's hard to believe it's as low as it is now...$1.74 here right now....crazy.
     
  3. qbee42

    qbee42 My other car is a boat

    Joined:
    Mar 2, 2006
    18,058
    3,073
    7
    Location:
    Northern Michigan
    Vehicle:
    2006 Prius
    For those wondering about the real reason that gas prices have dropped, I need to point out that my wife and I recently completed a nearly 5,000 mile road trip - right before gas prices started to drop.

    We knew that we had power over the real estate market, but we didn't realize we could do the same for gasoline. Our motto has always been "Buy high, sell low!"

    Tom
     
  4. Celtic Blue

    Celtic Blue New Member

    Joined:
    Aug 4, 2008
    2,224
    139
    0
    Location:
    Midwest
    Vehicle:
    2008 Prius
    Saw $1.48 and then $1.45 at several stations today, but didn't need any gas. The stock market hit a new 5 year low with no bottom in sight. Seems to correlate pretty well.
     
  5. jorgeez

    jorgeez New Member

    Joined:
    Mar 28, 2008
    121
    1
    0
    Location:
    USA
    Vehicle:
    2007 Prius
    I am really beginning to wonder what's the whole reason behind this sudden drop of petroleum prices. I mean just 2 months ago, the price of gas is really high, and now the sudden drop. Uhmmm....
     
  6. malorn

    malorn Senior Member

    Joined:
    Oct 28, 2005
    4,281
    59
    0
    Location:
    "Somewhere in Flyover Country"
    Vehicle:
    Other Non-Hybrid
    The bottom is falling out of demand, supply is relatively inelastic, so the price drops.
     
  7. lesturner

    lesturner Taming the Dragon - Tennessee

    Joined:
    May 17, 2007
    75
    9
    0
    Location:
    Bremen, IN, USA
    Vehicle:
    2007 Prius
    $1.59 a gallon this morning in Northern Indiana....

    If only home heating would drop proportionately... Expecting 8-12 inches of snow by tomorrow morning....

    Les ---
     
  8. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

    Joined:
    Apr 13, 2004
    15,140
    611
    0
    Location:
    South Puget Sound, WA
    Vehicle:
    2013 Nissan LEAF
    Model:
    Persona
    i got gas at Costco on Tuesday. it was $2.079 before my 3% discount...dont see cash back until Feb..so dont really count it... but still gets me 4.22 cents per mile... that is summer 2005 numbers!!... all time low for my 2006...had a few in the high 3's with my 2004 but that was waay back when i first started this Prius thing over 4 years ago!!
     
  9. jayman

    jayman Senior Member

    Joined:
    Oct 21, 2004
    13,439
    639
    0
    Location:
    Winnipeg Manitoba
    Vehicle:
    2004 Prius
    Yes, there is now a snowball effect on the global economy. We're teetering right on the edge of a cliff. It won't take much to fall off now, and if that were to happen, the last thing you'll piss and moan about is if GM gets taxpayer-backed loans

    Only those who were raised in the Great Depression can understand what is about to happen. The rest of us lived in a Golden Age of Cheap Credit, zero responsibility for our actions, and relatively benign foreign events.

    Oh well, sometimes a good smack in the face is what we need to get real again
     
  10. Bruce Nyhlen

    Bruce Nyhlen Junior Member

    Joined:
    Jan 30, 2008
    24
    0
    0
    Location:
    Grand Forks, ND
    Vehicle:
    2017 Prius
    Model:
    N/A
    In Grand Forks ND we are getting it for $1.88 this morning.
     
  11. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

    Joined:
    Apr 13, 2004
    15,140
    611
    0
    Location:
    South Puget Sound, WA
    Vehicle:
    2013 Nissan LEAF
    Model:
    Persona
    my Dad (a 2007 Pri owner... and yes i talked him into it!!) just arrived yesterday for the holidays from Mission, Texas (about a stones throw from the Rio Grande) and gas was $1.67 a gallon when he left
     
  12. avocadoman1

    avocadoman1 Member

    Joined:
    Jun 23, 2008
    217
    36
    0
    Location:
    Fallbrook-CA
    Vehicle:
    2022 Prius
    Model:
    Limited
    COSTCO - Temecula, CA (near L.A./SanDiego) @ $1.99 today.
    Minus the 5% Business Member Rebate = $1.89 NET.

    This is very wierd...
    Meanwhile, the DowJones is under 8K.
    My 401K sucks :Cry:
     
  13. malorn

    malorn Senior Member

    Joined:
    Oct 28, 2005
    4,281
    59
    0
    Location:
    "Somewhere in Flyover Country"
    Vehicle:
    Other Non-Hybrid
    Good chance it will drop below 7500 by 4:00 pm central today!
     
  14. Celtic Blue

    Celtic Blue New Member

    Joined:
    Aug 4, 2008
    2,224
    139
    0
    Location:
    Midwest
    Vehicle:
    2008 Prius
    Wife saw $1.37 today, but it was $1.39 at the stations I passed.
     
  15. tripp

    tripp Which it's a 'ybrid, ain't it?

    Joined:
    Oct 23, 2005
    4,717
    79
    0
    Location:
    Denver, CO
    Vehicle:
    2005 Prius
    That's about where we are here in the Denver Metro.
     
  16. TJandGENESIS

    TJandGENESIS Are We Having Fun Yet?

    Joined:
    Aug 11, 2005
    5,299
    46
    0
    Location:
    ★Lewisville, part of the Metroplex, Dallas, in the
    Vehicle:
    2005 Prius
    $1.53
     

    Attached Files:

  17. Tdoff1

    Tdoff1 New Member

    Joined:
    May 20, 2008
    122
    1
    0
    Location:
    VA
    Vehicle:
    2007 Prius
    $1.58 in VA yesterday...nice
     
  18. spitinuri

    spitinuri Member

    Joined:
    May 23, 2008
    317
    13
    0
    Vehicle:
    2004 Prius
    $1.54/gal. Mid Missouri
     
  19. kgmm

    kgmm New Member

    Joined:
    Nov 2, 2008
    6
    0
    0
    Location:
    Lake Stevens, WA
    Vehicle:
    2009 Prius
    $2.05 still, here in parts of Marysville, Washington (north of Seattle), yet gas is $1.79 in Kingston, which is 40 miles farther away from our Anacortes refinery site, clear across the sound, requiring the tanker trucks to have either ferried across or to have driven around....

    Nice.

    But hey, that's just how it is in Washington State.
    Urban areas with high demand pay the higher prices....

    :mad:If you drive across any of the three closest mountain passes, and hit into rural eastern-washington, then gas drops .30c on average...
     
  20. efusco

    efusco Moderator Emeritus
    Staff Member

    Joined:
    Nov 26, 2003
    19,891
    1,191
    9
    Location:
    Nixa, MO
    Vehicle:
    2004 Prius
    Model:
    N/A
    Saw a $1.45 in Kansas City today, paid $1.50 in Nixa yesterday.