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Thread: CNN: Gas For Less Than $2 Is Now Widespread

  1. #1
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    CNN: Gas For Less Than $2 Is Now Widespread

    Gas for less than $2 might not be good news
    It was a good weekend for drivers to fill up. Cheap gas spread across the nation faster than holiday cheer.

    After a weekend of price cutting at stations, gas for less than $2 can be found in 13 states across the country. Two weeks ago there was only one gas station in the country selling gas that cheap.

    Data from price tracker GasBuddy.com shows that three states -- Oklahoma, Louisiana and Ohio -- have at least one station each selling regular gas for less than $1.90 a gallon. Cheap gas is most frequently found at stations in Oklahoma, which was the first state to break the $2 a gallon mark on Dec. 3.

    Another ten states -- Alabama, Arizona, Colorado, Indiana, Mississippi, Missouri, Nebraska, New Mexico, Texas and Virginia -- also have gas for less than $2.
    Falling demand for oil due to economic slowdowns in Europe and Asia, as well as more fuel efficient vehicles, are major reasons for the fall in oil prices. But increased U.S. oil production, which took the nation past Saudi Arabia as the world's largest source of crude earlier this summer, is another major factor, as is a strong dollar.

    With OPEC so far unwilling to cut production in order to prop up prices, some forecast that oil could fall to near $40 a barrel at some point in 2015. That would drive gas prices down even more and make gas for under $2 a gallon common at stations across the country.
    [SOURCE]

    Won't last long, but still mildly interesting.
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

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    feckless bon vivant

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Van Basten View Post
    [SOURCE]

    Won't last long, but still mildly interesting.
    Oh...well...that's just GREAT.
    I drive a diesel pickup.
    We're still over $3 a gallon.
    No matter how cynical I become toward politicians, it's never enough.

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Van Basten View Post
    [SOURCE]

    Won't last long, but still mildly interesting.
    I hope it doesn't last long. The stock market is very unhappy.
    ________________________________

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by JumpinJack View Post
    I hope it doesn't last long. The stock market is very unhappy.
    Jobs are threatened at that.

    You don't want gas prices too low, it's all about balance.
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    I am going on a cross country road trip thanks to lower gas prices. Seems to me it could promote travel and spending.

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Thanks Obama.

    This Nation is light years ahead of where it was six years ago economically .
    Physics is Phun

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by CriticalThought View Post
    I am going on a cross country road trip thanks to lower gas prices. Seems to me it could promote travel and spending.
    well with that kind of limited forward thinking...................

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Thanks, OBAMA.

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Not to mention increased Christmas spending due to low gas prices .
    Physics is Phun

  10. #10
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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by NIMBY View Post
    Not to mention increased Christmas spending due to low gas prices .
    Something the retailers desperately needed this year.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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