August 30, 2006


Gasoline prices could keep falling (James R. Healey, 8/30/06, USA TODAY)

Gasoline prices are falling fast and could keep dropping for months.

"The only place they have to go is down," says Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS). "We'll be closer to $2 than $3 come Thanksgiving."

Travel organization AAA foresees prices 10 cents a gallon lower by the end of next week.

Posted by Orrin Judd at August 30, 2006 7:57 AM

At the Quick Trip on the corner of Saddle Creek and Leavenworth (in Omaha, NE), gas was $2.49 a gallon this morning. When we drove to Florida two weeks ago, it was $3.09.

Posted by: pchuck at August 30, 2006 10:25 AM

It's under $3.00 most places here in Florida too. Although, Ernesto may push it up again along his path.

Posted by: erp at August 30, 2006 11:11 AM

--"We'll be closer to $2 than $3 come Thanksgiving."--

Not soon enough.

Posted by: Sandy P at August 30, 2006 11:32 AM

We recently drove from Missouri to Chicago.

We filled up in St. Louis for $2.67 / gal. In Illinois the posted prices were $3.02.
In Schaumburg the price at BP is $3.33.

So either the gas companies are less greedy in MO than Il, or maybe there is something else that is different when you cross the MO/IL border. Wonder what that might be.

Posted by: fred at August 30, 2006 12:06 PM


Posted by: jdkelly at August 30, 2006 12:45 PM

Sandy - the trend is your friend. An evident downward trend in time for the elections should be good enough.

Posted by: AWW at August 30, 2006 1:53 PM