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Author Topic: U.S. gas prices 'crash' Back to Topics
GregTM
Champion Author
Los Angeles

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Message Posted: Dec 10, 2012 1:59:14 PM

(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
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REPLIES (newest first) Post a Reply
carranco
Champion Author Georgia

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Message Posted: Dec 11, 2012 10:52:25 PM

Cnn, you can stop pumping, the election is over.
Gnusman53
Champion Author San Diego

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Message Posted: Dec 11, 2012 11:06:26 AM

and make sure their "pals" get all your cash again..
Gnusman53
Champion Author San Diego

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Message Posted: Dec 11, 2012 11:05:33 AM

Don't worry.... the GOP is fighting hard to get them to rise again.....
WalkingWV
Champion Author West Virginia

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Message Posted: Dec 11, 2012 10:47:14 AM

They use the word "crash" like it's a bad thing for gas prices to drop.
bsnort
Champion Author Huntsville

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Message Posted: Dec 11, 2012 9:45:36 AM

$1 in three weeks would be a crash. A dime in three weeks isn't a crash.
Dr Gas
Champion Author Twin Cities

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Message Posted: Dec 11, 2012 8:32:59 AM

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

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Points:90,285
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Message Posted: Dec 11, 2012 7:04:24 AM

Dropping a dime is not a crash. That is less than a 3% drop per gallon.
virostek
Veteran Author Virginia

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Message Posted: Dec 11, 2012 7:04:13 AM

Dropping a dime is not a crash. That is less than a 3% drop per gallon.
Ply440GTX
Champion Author Kansas

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Message Posted: Dec 10, 2012 11:55:14 PM

'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

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Message Posted: Dec 10, 2012 9:49:58 PM

I might see gasoline prices soon take a big drop in my area.
Jeff4U
Champion Author Atlanta

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Message Posted: Dec 10, 2012 8:08:13 PM

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

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Message Posted: Dec 10, 2012 7:22:19 PM

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

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Message Posted: Dec 10, 2012 7:07:43 PM

But still too high for where it should be at current crude prices. It should be closer to the $2.50 mark and under.
albiek1976
Champion Author Ohio

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Message Posted: Dec 10, 2012 4:00:37 PM

Gas is still too high here, $3.379 New Philadelphia, ohio
JamesCalvin
Champion Author Lancaster

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Message Posted: Dec 10, 2012 3:18:52 PM

Why the wide swings and fluctuations is crude oil prices?
uglytom
Champion Author Florida

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Message Posted: Dec 10, 2012 3:17:07 PM

Crash slower and smaller than the original skyrocket RISE!
gizbo123
Champion Author Los Angeles

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Message Posted: Dec 10, 2012 2:42:30 PM

Let's crash back to Bush levels $1.65
SammyAdams
Champion Author Tallahassee

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Message Posted: Dec 10, 2012 2:30:20 PM

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

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Message Posted: Dec 10, 2012 2:20:09 PM

Load up those cans on low prices so you can sit out the high spots.

investmentdr
Champion Author Cleveland

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Message Posted: Dec 10, 2012 2:08:04 PM

and more to come
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