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Pure Energy

Gas Prices Below $2

I never thought I would see this again:

Gas prices dip below $2 in some parts of Texas

Dan Ronan, a Texas AAA spokesman, said falling crude oil prices, the slumping economy and steady gas inventories have helped reduce prices.

“They are dropping pretty quickly,” he said. “Enjoy it while it’s here.”

In Harlingen, in the Rio Grande Valley area, a gallon of unleaded gas is selling for $1.98 today at Stripes convenience store, sparking a price war with a nearby H-E-B station that was selling for $1.99.

Wow! As I said a couple of posts back, plunging prices pose a big risk for inventories. Keep a close eye on demand at these prices. If demand picks up and inventories can’t recover, we will go into spring in position for gas prices to reverse in a hurry.

Now, I think I will go out for a drive.

October 25, 2008 - Posted by Robert Rapier | gas prices | | 42 Comments

42 Comments »

  1. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  2. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  3. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  4. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  5. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  6. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  7. We got some gas for .68 a gallon in Oklahoma back in ‘98 on our way to LA. We snapped some pictures,because I knew we’d never see it again.

    Comment by Maury | October 25, 2008 | Reply

  8. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  9. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  10. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  11. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  12. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  13. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  14. There is one station in Houston that has $1.99. I filled up today at $2.13 in SW Houston. Most places are $2.30-2.39, but there are a few stations still at $2.89.

    Where are the conspiracy theories that big oil is lowering the price to manipulate the election? Or could it be that the messiah has just willed it to be so?

    Comment by KingofKaty | October 26, 2008 | Reply

  15. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  16. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  17. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  18. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  19. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  20. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  21. King, did you see Oil Watchdog whining about COP’s profits? Note the comment below the fold where someone points out Dugan’s absurdities.

    RR

    Comment by Robert Rapier | October 27, 2008 | Reply

  22. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  23. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  24. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  25. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  26. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  27. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  28. Robert (or others):

    What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends? Most of the sites that I find other than this one are too full of conspiracy or other nonsense. Thanks!

    Comment by iftheshoefits | October 27, 2008 | Reply

  29. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  30. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  31. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  32. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  33. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  34. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  35. Robert – Dugan has really gone off the rails now. Low oil and gasoline prices don’t square with her worldview, unless it is part of a larger conspiracy to make even more profits.

    Comment by KingofKaty | October 27, 2008 | Reply

  36. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  37. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  38. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  39. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  40. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  41. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply

  42. What do you think are the best public-accessible sites for obtaining global supply-demand numbers for petroleum, and their trends?

    I rely on the EIA for that kind of data. Their forecasts are poor, but the data are good. The IEA is also a good source, especially their monthly Oil Market Report. It has the most up to date data on world oil production.

    RR

    Comment by Robert Rapier | October 28, 2008 | Reply


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