Pump prices falling, weekly report says

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Wednesday, November 19, 2008 5:54:07 PM

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GasBuddy News Article

Pump prices falling, weekly report says Wednesday, August 20, 2008
The Regina Leader-Post -- OTTAWA - The average price of gasoline in Canada has fallen for the fourth time in five weeks, a weekly survey showed Tuesday, putting the cost down more than nine per cent from its peak in mid-July. MJ Ervin & Associates, a petroleum-industry research group, said the average price for regular gasoline was $1.272 a litre, down 1.5 cents from a week earlier. The average had been as high as $1.401 a litre, according to the report that was issued July 15. The price of crude oil has fallen almost 25 per cent since peaking July 11.
Visit The Regina Leader-Post for full article

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JT Moderator	Message Posted: 8/20/2008 11:00:05 AM	Ignore JT Report Abuse
	Wednesday, August 20, 2008 The Regina Leader-Post -- OTTAWA - The average price of gasoline in Canada has fallen for the fourth time in five weeks, a weekly survey showed Tuesday, putting the cost down more than nine per cent from its peak in mid-July. MJ Ervin & Associates, a petroleum-industry research group, said the average price for regular gasoline was $1.272 a litre, down 1.5 cents from a week earlier. The average had been as high as $1.401 a litre, according to the report that was issued July 15. The price of crude oil has fallen almost 25 per cent since peaking July 11. Visit The Regina Leader-Post for full article

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magnumCA Champion Author Los Angeles Posts:1,327 Points:259,650 Joined:Jan 2008	Message Posted: 8/21/2008 6:45:25 PM	Ignore magnumCA Report Abuse
	Not today
letmathe Champion Author Chicago Posts:6,968 Points:1,700,305 Joined:May 2001	Message Posted: 8/21/2008 11:51:42 AM	Ignore letmathe Report Abuse
	Thanks for the background F250CA
F250CA Veteran Author Oakland Posts:398 Points:153,835 Joined:Mar 2008	Message Posted: 8/21/2008 11:22:39 AM	Ignore F250CA Report Abuse
	http://cr.middlebury.edu/es/altenergylife/70's.htm U.S. oil consumption was high in the early 1970’s, while U.S. oil production declined In 1973, 36% of energy consumption was in foreign oil, while in 1970 it had been 22% The Nixon administration was in office, the Watergate scandal was at its height in 1973, providing limited strength in policy formulation, and little potential for an effective response to the oil embargo Arab-Israeli conflicts had already produced a growing tension between U.S. and Arab countries The OPEC (Organization of Petroleum Exporting Countries) cartel led to rising gas prices in early 1970's
ramshot412 Champion Author Riverside Posts:11,924 Points:1,194,985 Joined:Apr 2004	Message Posted: 8/21/2008 11:21:43 AM	Ignore ramshot412 Report Abuse
	Time for the refineries to start shutting down for "maintenance", that'll keep the prices up...
theawesome1 All-Star Author Cleveland Posts:515 Points:172,785 Joined:Aug 2005	Message Posted: 8/21/2008 11:20:55 AM	Ignore theawesome1 Report Abuse
	Toyota is losing customers very fast, including my friend who is on 10 weeks for a Prius. Now they are saying past Thanksgiving. So is it is dealer as I told him I will call around to buy one I am told the same thing, with millions wanting it & some willing to pay twice the price, so those who got a deal must wait.
TBoneSoCA All-Star Author Orange County Posts:509 Points:88,430 Joined:May 2007	Message Posted: 8/21/2008 11:16:44 AM	Ignore TBoneSoCA Report Abuse
	This price drop is only temporary...
firebirdv8 Sophomore Author Ohio Posts:106 Points:228,520 Joined:Feb 2008	Message Posted: 8/21/2008 11:16:15 AM	Ignore firebirdv8 Report Abuse
	I am conserving as much as i can
F250CA Veteran Author Oakland Posts:398 Points:153,835 Joined:Mar 2008	Message Posted: 8/21/2008 11:15:34 AM	Ignore F250CA Report Abuse
	Don That would not be joe public it's more like U.S. auto makers "they" should have made the change back in the 70's when we had the 1st fuel crunch and we where still then dependent on foreign fuel
Cyberpeep24 Champion Author Oakland Posts:1,545 Points:128,145 Joined:Apr 2008	Message Posted: 8/21/2008 11:14:47 AM	Ignore Cyberpeep24 Report Abuse
	Keep conserving
NavyEOD Champion Author Los Angeles Posts:1,956 Points:430,415 Joined:Jul 2007	Message Posted: 8/21/2008 11:14:39 AM	Ignore NavyEOD Report Abuse
	Who do you believe, one article says going up and one says going down.
theawesome1 All-Star Author Cleveland Posts:515 Points:172,785 Joined:Aug 2005	Message Posted: 8/21/2008 11:14:35 AM	Ignore theawesome1 Report Abuse
	Watching CNBC again for cruse price, today it is $121.71 so it is climbing for Labor Day, so OPEC celebrates with the USA????
evasilion All-Star Author Virginia Beach Posts:701 Points:132,320 Joined:Mar 2008	Message Posted: 8/21/2008 11:13:32 AM	Ignore evasilion Report Abuse
	Don't get use to it.
dabuzman Champion Author Seattle Posts:1,172 Points:468,480 Joined:Apr 2006	Message Posted: 8/21/2008 11:12:06 AM	Ignore dabuzman Report Abuse
	I'd like to see it back to just below $3.00 a gallon.
Don20 Champion Author Oklahoma City Posts:1,520 Points:1,012,795 Joined:Mar 2005	Message Posted: 8/21/2008 11:11:15 AM	Ignore Don20 Report Abuse
	NissanGirl: For some old habits are hard to break..
F250CA Veteran Author Oakland Posts:398 Points:153,835 Joined:Mar 2008	Message Posted: 8/21/2008 11:08:03 AM	Ignore F250CA Report Abuse
	Does not China have alternative fuels aka "rice burners"
NissanGirl Veteran Author Oregon Posts:302 Points:165,990 Joined:Jan 2008	Message Posted: 8/21/2008 11:07:45 AM	Ignore NissanGirl Report Abuse
	Sadly, F250CA is probably right. One glimmer that things are "the way they used to be" and people will go right back to their old driving habits.
Lovelee Champion Author Detroit Posts:1,761 Points:451,575 Joined:Mar 2007	Message Posted: 8/21/2008 11:06:05 AM	Ignore Lovelee Report Abuse
	For how long? Don't forget India and China still need more and more fuel.
F250CA Veteran Author Oakland Posts:398 Points:153,835 Joined:Mar 2008	Message Posted: 8/21/2008 11:05:29 AM	Ignore F250CA Report Abuse
	We already have alternative fuels they are probably as far as we'll go
NoodlyWee All-Star Author Orange County Posts:549 Points:90,160 Joined:Mar 2008	Message Posted: 8/21/2008 11:04:08 AM	Ignore NoodlyWee Report Abuse
	Good for Canada . . . still near $5/gallon (once you convert litres to gallons.) It's still ridiculous no matter where you live!
bobsalwaysmt Champion Author Long Island Posts:1,035 Points:78,880 Joined:Oct 2007	Message Posted: 8/21/2008 11:02:14 AM	Ignore bobsalwaysmt Report Abuse
	In the US too.
Gorlock Sophomore Author Toledo Posts:212 Points:29,090 Joined:Jul 2008	Message Posted: 8/21/2008 10:58:54 AM	Ignore Gorlock Report Abuse
	Good thing we use Gallons.
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 8/21/2008 10:53:38 AM	Ignore DarthDadJr Report Abuse
	I'm finding the prices fall here at the weirdest times...mid week...weekends...I never no when it is the best time to fill up!
Austin1850 Champion Author Austin Posts:2,139 Points:146,910 Joined:May 2008	Message Posted: 8/21/2008 10:51:30 AM	Ignore Austin1850 Report Abuse
	no news here
maindrag All-Star Author Ontario Posts:796 Points:34,715 Joined:Dec 2005	Message Posted: 8/21/2008 10:51:23 AM	Ignore maindrag Report Abuse
	pump prices never fall before a weekend. wait till the long weekend, they'll try and ruin it for everyone.
Gerund1 Champion Author Toronto Posts:1,147 Points:828,105 Joined:Apr 2003	Message Posted: 8/21/2008 10:50:43 AM	Ignore Gerund1 Report Abuse
	I wish I knew where these falling prices are. Not here!, and the price of oil, this morning is over $120. Not much falling there either.
kypeanuts Veteran Author Louisville Posts:342 Points:74,160 Joined:May 2008	Message Posted: 8/21/2008 10:49:23 AM	Ignore kypeanuts Report Abuse
	only temporary
BM4225 Champion Author Atlanta Posts:2,174 Points:551,180 Joined:Aug 2006	Message Posted: 8/21/2008 10:47:35 AM	Ignore BM4225 Report Abuse
	Yup, saw another fallen price yesterday.
Caspertherat Sophomore Author Arkansas Posts:155 Points:37,530 Joined:Jul 2008	Message Posted: 8/21/2008 10:46:44 AM	Ignore Caspertherat Report Abuse
	Sure they are falling but gas is not keeping up with the crude price drop but--- just wait until they start trying to jack the prices up in time for the Labor Day Holiday. Their last desperate gasp for the summer driving season.
laddyboy62 Champion Author Riverside Posts:1,576 Points:993,360 Joined:Mar 2005	Message Posted: 8/21/2008 10:46:29 AM	Ignore laddyboy62 Report Abuse
	think positive
yeehaw1073 Sophomore Author Indiana Posts:106 Points:677,145 Joined:May 2004	Message Posted: 8/21/2008 10:44:09 AM	Ignore yeehaw1073 Report Abuse
	Prices are dropping like a rubber ball headed for a concrete floor!
TwoEyes Champion Author New Haven Posts:1,489 Points:1,155,555 Joined:May 2005	Message Posted: 8/21/2008 10:38:53 AM	Ignore TwoEyes Report Abuse
	probably no decline today -- oil has spiked up $4.44 to over $119/barrel.
jdbgn Champion Author Los Angeles Posts:3,370 Points:547,435 Joined:Apr 2007	Message Posted: 8/21/2008 10:38:25 AM	Ignore jdbgn Report Abuse
	Wow, do ya think. And they get paid to report this stuff?
bkstecklein Sophomore Author Tulsa Posts:167 Points:481,700 Joined:Sep 2004	Message Posted: 8/21/2008 10:37:23 AM	Ignore bkstecklein Report Abuse
	the price cannot fall fast enough for me.
BM4225 Champion Author Atlanta Posts:2,174 Points:551,180 Joined:Aug 2006	Message Posted: 8/21/2008 10:35:49 AM	Ignore BM4225 Report Abuse
	Sam's has gone down 7 cents since Saturday, according to the last post that I read.
AKTigger99645 Champion Author Anchorage Posts:4,800 Points:779,960 Joined:Mar 2005	Message Posted: 8/21/2008 10:35:19 AM	Ignore AKTigger99645 Report Abuse
	Not falling here in Alaska. prices have been steady for weeks.
hugrad2005 Sophomore Author Kansas Posts:128 Points:55,800 Joined:Jun 2008	Message Posted: 8/21/2008 10:33:42 AM	Ignore hugrad2005 Report Abuse
	Why can't the prices go down more?
ElCubano Champion Author Miami Posts:1,588 Points:326,425 Joined:Sep 2006	Message Posted: 8/21/2008 10:33:39 AM	Ignore ElCubano Report Abuse
	except for this week....supply/demand forecast released today and price of barrel shot up 3.75 this morning!!!!
whitemiata Champion Author Albany Posts:5,477 Points:1,181,010 Joined:Mar 2005	Message Posted: 8/21/2008 10:33:13 AM	Ignore whitemiata Report Abuse
	yes, but one year ago, we were paying $2.80 per gallon and complaining about that!!!
bluebird1 Champion Author Toronto Posts:7,347 Points:1,497,650 Joined:May 2004	Message Posted: 8/21/2008 10:30:51 AM	Ignore bluebird1 Report Abuse
	To add to last post on when they measure for the week... If measured weekly from July 24 then would show a rise of $.04/L first week, .02/L rise week of Aug 1, $.018/L rise week of Aug. 9'th. It's all how you perceive the stats.
amacquarrie Veteran Author Nevada Posts:328 Points:76,260 Joined:Jun 2008	Message Posted: 8/21/2008 10:30:36 AM	Ignore amacquarrie Report Abuse
	too bad the drop in crude oil doesn't show at the pump as much as we would expect.
Arktander All-Star Author Illinois Posts:602 Points:354,625 Joined:Aug 2005	Message Posted: 8/21/2008 10:27:11 AM	Ignore Arktander Report Abuse
	It's only down from its artificially-induced high.
bluebird1 Champion Author Toronto Posts:7,347 Points:1,497,650 Joined:May 2004	Message Posted: 8/21/2008 10:26:13 AM	Ignore bluebird1 Report Abuse
	In Canada it depends when during the week you measure it, as of late there's been more price fluctation than normal but little real drop. Even the price charts for Ont. show 7/22 was 1.285/L, 7/24 it was 1.241L & rising back to 1.28 on 2/31. Back down for 2 days around 8/06 & 1.275 on 8/08, back to 1.25 on 8/13, then back up to 1.28 by 8/15. It is now $1.262/L & climbing. That's a net change of $.02/L since July/22 - not a hell of a lot given the drop in Oil over the same period.
superglidefxd Champion Author Michigan Posts:2,056 Points:356,180 Joined:Aug 2006	Message Posted: 8/21/2008 10:23:00 AM	Ignore superglidefxd Report Abuse
	they are still getting ripped off at the pump.
Chazzer Champion Author Nevada Posts:8,081 Points:1,729,685 Joined:May 2002	Message Posted: 8/21/2008 10:18:22 AM	Ignore Chazzer Report Abuse
	Yeah, pump prices have dropped forty-three (43) cents a gallon, on average, over the last six (6) weeks out here in the middle of the Mojave Desert!
AnObserver Champion Author New Jersey Posts:1,604 Points:858,340 Joined:Sep 2005	Message Posted: 8/21/2008 10:16:44 AM	Ignore AnObserver Report Abuse
	Dropping in NJ also
spunky4443 Champion Author Washington Posts:1,151 Points:455,880 Joined:May 2005	Message Posted: 8/21/2008 10:16:30 AM	Ignore spunky4443 Report Abuse
	According to Gas Buddy, Canadians don't care where the price is.
roydarecker Champion Author Minnesota Posts:2,923 Points:644,805 Joined:Sep 2006	Message Posted: 8/21/2008 10:14:20 AM	Ignore roydarecker Report Abuse
	Drop a dallor fiftey and I would be happy.
SeerLV All-Star Author Las Vegas Posts:532 Points:131,040 Joined:Jun 2008	Message Posted: 8/21/2008 10:13:52 AM	Ignore SeerLV Report Abuse
	Should go lower . . .
Roo08 Veteran Author Grand Rapids Posts:398 Points:51,915 Joined:Jul 2008	Message Posted: 8/21/2008 10:13:52 AM	Ignore Roo08 Report Abuse
	Good news. I hope it keeps dropping.
radicale All-Star Author Calgary Posts:684 Points:183,525 Joined:Aug 2006	Message Posted: 8/21/2008 10:11:36 AM	Ignore radicale Report Abuse
	Still waiting.............................