How much is gas where you're at?

[Jeff Lebowski]

Where is the bottom? The Gas Price Thread

Yesterday gas was $1.99 per gallon at the Costco in Orem. Never thought I would see that again in my lifetime. Now I am really curious to see how low it will go. Post your price updates here.

[Commando]

$1.98 at the Fry's gas station in Scottsdale.

*$1.97 at Circle K now!

[New Mexican Disaster]

1.96 in Albuquerque last week. The oilfields of eastern New Mexico are starting to show signs of cooling down. A lot less economic activity going on down here.

[Bo Diddley]

Costco is usually 10-12 cents cheaper than the other stations around here in Utah. Lately it's been 30 cents cheaper. Is it just taking the other stations that much longer to move more expensive stock?

[LiveCoug]

1.82 is the cheapest in San Antonio that I see

[Copelius]

Costco is usually 10-12 cents cheaper than the other stations around here in Utah. Lately it's been 30 cents cheaper. Is it just taking the other stations that much longer to move more expensive stock?

I have been curious about that as well. Sam's is keeping up with Costco but both are significantly cheaper than anywhere else. It could have to do with the legislature letting the law expire that didn't allow gas to be sold below cost. As word gets around they may be able to increase memberships and then slowly creep up the gas prices to be back within 10 cents of market.

[chrisrenrut]

Still $2.50-ish at stations in Centerville. $2.03 at Costco in Bountiful. Anyone filling up at a station in Centerville is a rube.

[bluegoose]

$2.54 at the tower mart here in town. No Costco gas station for miles around.

[old_gregg]

Still $2.50-ish at stations in Centerville. $2.03 at Costco in Bountiful. Anyone filling up at a station in Centerville is a rube.

blatant low income pro-bountiful trolling

[Jeff Lebowski]

1.82 is the cheapest in San Antonio that I see

Yowza. That is the lowest I have heard of.

[Green Monstah]

1.79 in tulsa.

[Moliere]

Lowest I've seen in Houston is $1.88.

[FMCoug]

Lowest I've seen in Houston is $1.88.

That's what I saw in Dallas this morning.

[Moliere]

Crude has had an incredible run the past 3.5 years. O&G companies have made a ton of money and so have the oil field service companies that support them. Obviously no one knows if the high prices (over $100) will come back, but if they do it would be a good sign for the world economy. The US is in a good position right now with prices just high enough to continue drilling, the US economy staying strong and the world economy in a bit of shambles. That allows us to chug along while crude demand is down.

Back when prices for crude were dropping, many people were setting arbitrary floors. Some said $70 and some said $60. There was one notable trader (that I'd trust as much as anyone else) that put the range between $55-$75 and we are right now hovering just above the low end of his range. Obviously no one knows or can predict the floor, but most people now think we've hit it....barring any really bad economic news. If crude goes below $50 and stays there for a while then many of the medium sized O&G companies will be in trouble (trouble meaning they'll likely get bought out if they have desirable leases or they just go under if their land sucks).

I'd be really surprised to see gasoline prices stay below $2 anywhere. Granted there is no 1:1 correlation between crude and gasoline prices, but there is a correlation, so as crude prices stabilize I'd expect gasoline to stabilize. Gasoline prices are seasonal in that they'll go up in the late spring even if crude stays the same.

[chrisrenrut]

blatant low income pro-bountiful trolling

Huh? Just reporting the fact, ma'am. I grew up in Bountiful and have lived in Centerville the past 18 years. So who are you saying is low income, Centerville or Bountiful?