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Gas price watch: 'Gravity works'

Monday, October 6, 2008

(Photo)
(Eric Crump/Democrat-News)
What goes up must come down. The finance sector of the economy may still be reeling, but motorists finally have gotten some good economic news after a summer of brutally high gas prices. The prices in the Marshall area have been retreating from mid-summer highs for months, but in the past couple of weeks the price swoon picked up speed. Monday, Sept. 29, the typical price in Marshall for regular gas was back to mid-April levels, about $3.20 per gallon. The price dropped a nickel by Wednesday, Oct. 1, another seven cents by Thursday, Oct. 2, and reached $3.01 Friday evening, Oct. 3.

Monday morning, Oct. 6, motorists saw something many experts said might never happen again: gas under $3 per gallon. The price at some pumps in Marshall was $2.94. That's well below the state average of $3.18 per gallon reported by AAA Motor Club's Web site.


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I was really shocked to see gas prices down to under $3 the end of last week. I do not live in Marshall. It seems like your gas runs just a little higher than it does in SW Mo. It was 2.88/gal here on Monday, and last night it was 2.79. It is a welcome sight, hopefully it will continue on this trend for a while.

-- Posted by OldOwl_90 on Wed, Oct 8, 2008, at 10:21 AM

Prices going down this fast so soon after disruption by 2 hurricanes? So much for supply/demand. The fact that we are 28 days away from an election has more to do with gas prices than any other reason spewed by oil companies and speculators!

-- Posted by Reader101 on Mon, Oct 6, 2008, at 7:34 PM

http://www.gasbuddy.com/gb_retail_price_...

Cool little site I found.........

-- Posted by EiEiO on Mon, Oct 6, 2008, at 5:09 PM

Say, oldschool17, when I began paying for my own gas, it was 25 cents a gallon. I guess that makes me older than you. :)

-- Posted by Pragmatist on Mon, Oct 6, 2008, at 5:09 PM

yes it will fall until elections are over...... then will go right back up.

-- Posted by luckymomma on Mon, Oct 6, 2008, at 4:36 PM

I saw it at $.79 10 years ago! How sad is it that we are all excited by the fact it's under $3.00? Hey Obama, McCain, Congress, Bush....it's pretty simple math. The higher the gas prices, the worst the economy, the cheaper the gas prices, the better the economy! Instead of buyouts, put a cap on gas at $1.50 and give it 6 months and we'll be back to booming. And don't say it can't be done, there is no gas shortage, there is no reason gas is this high, none!!

-- Posted by oldschool17 on Mon, Oct 6, 2008, at 3:01 PM

I saw prices as low as $2.83 in Kansas City yesterday.

-- Posted by speedfingers on Mon, Oct 6, 2008, at 2:03 PM

It was $2.89 a gallon in Springfield over the weekend. Hopefully, it will continue to fall!!

-- Posted by Typesetter on Mon, Oct 6, 2008, at 1:04 PM


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