$2.69/gallon!

[disneysteve]

$1.96 today! Not at the same station that was $2.05 yesterday, but still in the general area.

[maat55]

1.79 in Tulsa.

[disneysteve]

I passed a station this morning that was down to $2.69/gallon for regular.

I thought I'd revive this thread. Gas today was $1.68/gallon! That's down a full dollar since I started the thread just over a month ago. Wow! When I started the thread, I had no idea it would come down that far or that fast. I filled up on Sunday for $1.81 at that same station, so it has dropped 13 cents in just 4 days.

Some of you are probably nearing $1.50 if not already there.

[mom-from-missouri]

$1.58 I love it

[ScrimpAndSave]

$1.99 in eastern pa...finally under $2!!! CRAZY!

[GREENBACK]

I love the low prices too but it's not a good sign of economic times but might as well enjoy it while you can.

[creditcardfree]

mom's beat me again! Today, $1.65...but lower tomorrow I'm sure.

[Lori63]

1.70 yesterday in the Shenandoah Valley

[rennigade]

gas is down and so are the majority of people's retirement accounts. life is good!

[Joan.of.the.Arch]

$1.49 in St. Louis, Missouri, but I'm still to the store later today.

[Cassandra]

We're still hovering just above $2.00. Hopefully it will keep going down.

[kilapapipa]

$1.24 in Wheatland, WY on 11-20-08. Don't blame you if you don't believe me because I could hardly believe it when I drove through.

[GrimJack]

For a little idea of scale - one barrel of oil is the energy equivalent of 25,000 man hours (the output of 12 people for one year). In Saudi Arabia, it cost one or two dollars to get one barrel of oil out of the ground. One barrel of oil produces 19.5 gallons of gasoline - the rest is tar, oils and the stuff of asphalt. In a process called 'cracking'(catalytic and thermal cracking, hydrocracking, catalytic reforming, alkylation, and polymerization), more gasoline can be processed from the barrel (42 US gallons).

Not all oil is the same:
Venezuelan crude produces about 5% gasoline whereas Texas and Arabian oil produces about 30%.

So one dollar invested in getting oil out of the ground returns 25,000 person hours of labor. This is the densest energy content available.

Production of one calorie of food requires 10 calories of petroleum.

[mom-from-missouri]

$1.33 in town oak grove mo--but about 10 cents higher outside of town at the truck stop on I-70. Worth driving the 2 blocks into town...

[kork13]

For a little idea of scale - one barrel of oil is the energy equivalent of 25,000 man hours (the output of 12 people for one year). In Saudi Arabia, it cost one or two dollars to get one barrel of oil out of the ground. One barrel of oil produces 19.5 gallons of gasoline - the rest is tar, oils and the stuff of asphalt. In a process called 'cracking'(catalytic and thermal cracking, hydrocracking, catalytic reforming, alkylation, and polymerization), more gasoline can be processed from the barrel (42 US gallons).

Not all oil is the same:
Venezuelan crude produces about 5% gasoline whereas Texas and Arabian oil produces about 30%.

So one dollar invested in getting oil out of the ground returns 25,000 person hours of labor. This is the densest energy content available.

Production of one calorie of food requires 10 calories of petroleum.

wow... that's actually pretty interesting. also found out today, the US only gets a very small portion of its oil/oil products from the arab states. I don't remember the exact figure, but it was something between 5%-15% of the USA's total oil usage. Most foreign oil actually comes to the US from Canada and Venezuela--nearly 60% of our oil consumption. Random trivia factoid, but found it interesting.

btw, yesterday I filled up for $2.05/gal for premium--I think reg was about $1.81. Almost down enough that I can fill up for less than $20!!

one last note... saw an article yesterday arguing that the drop is just about over... don't have a link, but I'll post it if I come across it again. We'll see what happens...