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GregTM Champion Author Los Angeles Posts:4,276 Points:1,094,520 Joined:Sep 2008	Message Posted: Dec 10, 2012 1:59:14 PM Ignore GregTM Report Abuse (CNN) -- Gas prices have plummeted 46 cents a gallon over the past two months, according to a survey released Sunday. "This has been a true price crash," said Trilby Lundberg, publisher of the Lundberg Survey. The average price of a gallon of regular gasoline is $3.38, down nearly a dime over the past three weeks, Lundberg said. "This crash began back when refining problems around the country were being fixed, one after the other, at the same time that our seasonal gasoline demand was shrinking," she said. Crude oil prices have also dropped after having risen steadily. Prices at the pump should drop even more in the coming days, as refiners cut how much they're charging distributors and retailers, Lundberg said. The national average is about 8 cents higher than the averag Visit CNN for full article

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(CNN) -- Gas prices have plummeted 46 cents a gallon over the past two months, according to a survey released Sunday.

"This has been a true price crash," said Trilby Lundberg, publisher of the Lundberg Survey.

The average price of a gallon of regular gasoline is $3.38, down nearly a dime over the past three weeks, Lundberg said.

"This crash began back when refining problems around the country were being fixed, one after the other, at the same time that our seasonal gasoline demand was shrinking," she said.

Crude oil prices have also dropped after having risen steadily.

Prices at the pump should drop even more in the coming days, as refiners cut how much they're charging distributors and retailers, Lundberg said.

The national average is about 8 cents higher than the averag
Visit CNN for full article

REPLIES (newest first)Ignore Short Messages

carranco Champion Author Georgia Posts:1,027 Points:267,390 Joined:Dec 2008	Message Posted: Dec 11, 2012 10:52:25 PM Ignore carranco Report Abuse Cnn, you can stop pumping, the election is over.
Gnusman53 Champion Author San Diego Posts:6,993 Points:1,109,495 Joined:Feb 2004	Message Posted: Dec 11, 2012 11:06:26 AM Ignore Gnusman53 Report Abuse and make sure their "pals" get all your cash again..
Gnusman53 Champion Author San Diego Posts:6,993 Points:1,109,495 Joined:Feb 2004	Message Posted: Dec 11, 2012 11:05:33 AM Ignore Gnusman53 Report Abuse Don't worry.... the GOP is fighting hard to get them to rise again.....
WalkingWV Champion Author West Virginia Posts:3,696 Points:777,870 Joined:May 2008	Message Posted: Dec 11, 2012 10:47:14 AM Ignore WalkingWV Report Abuse They use the word "crash" like it's a bad thing for gas prices to drop.
bsnort Veteran Author Huntsville Posts:417 Points:231,965 Joined:Aug 2012	Message Posted: Dec 11, 2012 9:45:36 AM Ignore bsnort Report Abuse $1 in three weeks would be a crash. A dime in three weeks isn't a crash.
Dr Gas Champion Author Twin Cities Posts:3,265 Points:358,080 Joined:May 2004	Message Posted: Dec 11, 2012 8:32:59 AM Ignore Dr Gas Report Abuse SORRY, this one after the other thing has been going on for years, and the demand has been down for years, and just NOW they write about it ????? Must be a note from the speculators to get the message out that they WANT the price to go down to make money!! Yea, they CAN make money if the price goes down, but most of the time they want the price to go on the never ending roller coaster. Yawn! More false writing, and bad lies!
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Dec 11, 2012 7:04:24 AM Ignore virostek Report Abuse Dropping a dime is not a crash. That is less than a 3% drop per gallon.
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Dec 11, 2012 7:04:13 AM Ignore virostek Report Abuse Dropping a dime is not a crash. That is less than a 3% drop per gallon.
Ply440GTX All-Star Author Texas Posts:949 Points:309,730 Joined:Feb 2009	Message Posted: Dec 10, 2012 11:55:14 PM Ignore Ply440GTX Report Abuse 'crash' and we're still coughing up well over $3/gal.?!?!?! I'd consider a 'crash' having the price of gas in the buck fifty per gal. range...
alterman156 Champion Author New York Posts:7,475 Points:1,554,825 Joined:Dec 2008	Message Posted: Dec 10, 2012 9:49:58 PM Ignore alterman156 Report Abuse I might see gasoline prices soon take a big drop in my area.
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,850,195 Joined:Nov 2004	Message Posted: Dec 10, 2012 8:08:13 PM Ignore Jeff4U Report Abuse This is a bunch of liberal BS talking points. They act like $3.38 per gallon is peanuts. At this price, they should be developing new engines that run off of Pepsi at half the cost. For those who don't remember, last year Christmas prices fell to $2.99 (which isn't any great bargain)
bwatchingu Champion Author Arkansas Posts:1,735 Points:598,795 Joined:Jan 2009	Message Posted: Dec 10, 2012 7:22:19 PM Ignore bwatchingu Report Abuse Still goes up a lot faster than it takes to drop.Not really what I would call a crash.If it would drop $1 in a day,I might consider calling it a crash.
tnfran Champion Author Arizona Posts:4,368 Points:840,240 Joined:Dec 2010	Message Posted: Dec 10, 2012 7:07:43 PM Ignore tnfran Report Abuse But still too high for where it should be at current crude prices. It should be closer to the $2.50 mark and under.
albie_4197 Champion Author Ohio Posts:1,027 Points:605,075 Joined:Sep 2001	Message Posted: Dec 10, 2012 4:00:37 PM Ignore albie_4197 Report Abuse Gas is still too high here, $3.379 New Philadelphia, ohio
JamesCalvin Champion Author Lancaster Posts:3,176 Points:516,755 Joined:Nov 2011	Message Posted: Dec 10, 2012 3:18:52 PM Ignore JamesCalvin Report Abuse Why the wide swings and fluctuations is crude oil prices?
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Dec 10, 2012 3:17:07 PM Ignore uglytom Report Abuse Crash slower and smaller than the original skyrocket RISE!
gizbo123 Champion Author Los Angeles Posts:1,504 Points:1,749,160 Joined:Dec 2005	Message Posted: Dec 10, 2012 2:42:30 PM Ignore gizbo123 Report Abuse Let's crash back to Bush levels $1.65
SammyAdams Champion Author Tallahassee Posts:3,043 Points:790,775 Joined:Nov 2010	Message Posted: Dec 10, 2012 2:30:20 PM Ignore SammyAdams Report Abuse I'm not sure that I would term this a "crash", but at $3.16 per gallon for unleaded regular, every drop is a welcomed relief from the high level of earlier this year. I can stand further reductions.
doggod Champion Author Anchorage Posts:2,833 Points:738,435 Joined:May 2009	Message Posted: Dec 10, 2012 2:20:09 PM Ignore doggod Report Abuse Load up those cans on low prices so you can sit out the high spots.
investmentdr Champion Author Cleveland Posts:4,014 Points:1,452,125 Joined:Sep 2008	Message Posted: Dec 10, 2012 2:08:04 PM Ignore investmentdr Report Abuse and more to come