R-Squared Energy Blog

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.

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October 25, 2008 - Posted by | gas prices

48 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

  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

  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

  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

  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

  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

  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

  8. 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

  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

  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

  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

  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

  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

  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

  15. 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

  16. 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

  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

  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

  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

  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

  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

  22. 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

  23. 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

  24. 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

  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

  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

  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

  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

  29. 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

  30. 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

  31. 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

  32. 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

  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

  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

  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

  36. 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

  37. 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

  38. 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

  39. 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

  40. 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

  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

  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

  43. 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

  44. 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

  45. 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

  46. 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

  47. 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

  48. 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


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