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Oil drops to 8-month low, pump prices fall again

AP --
Declining oil prices hold the promise of lower pump prices for drivers. The nationwide average has dropped nearly 57 cents in less than three months and is now $3.369 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gas hasn't been this cheap since Jan. 7. Oil has dropped about 25 percent since May 1.

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Submitted Jun 30, 2012 By: Tenntrains

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jrs4125 Champion Author Indiana Posts:2,773 Points:594,670 Joined:Sep 2011	Message Posted: Jul 2, 2012 8:07:58 AM Ignore jrs4125 Report Abuse Alrighty then
sjambok Champion Author Nashville Posts:10,283 Points:2,113,450 Joined:Apr 2006	Message Posted: Jul 1, 2012 5:34:48 PM Ignore sjambok Report Abuse Just topped off for the cheap price of 3.65. Rises coming on Monday
PathfinderSC Champion Author South Carolina Posts:9,531 Points:1,833,565 Joined:Mar 2008	Message Posted: Jul 1, 2012 2:56:21 PM Ignore PathfinderSC Report Abuse Keep dropping , Our gas around here is $2.74
Jeff4U Champion Author Atlanta Posts:8,772 Points:1,855,295 Joined:Nov 2004	Message Posted: Jul 1, 2012 10:49:41 AM Ignore Jeff4U Report Abuse This article for Thursday, June 28, 2012 obviously predated the crude price spike of over $7 per barrel the next day on Friday. (even though it was posted here on Friday) [Edited by: Jeff4U at 7/1/2012 10:51:25 AM EST]
ss70 Champion Author Detroit Posts:9,682 Points:1,873,025 Joined:Sep 2005	Message Posted: Jul 1, 2012 10:24:01 AM Ignore ss70 Report Abuse For how long is very big Question.
BEGTWO Champion Author Maryland Posts:1,952 Points:726,840 Joined:Sep 2010	Message Posted: Jul 1, 2012 10:17:34 AM Ignore BEGTWO Report Abuse YES!!!!
Grizdad Champion Author San Bernardino Posts:5,545 Points:786,050 Joined:Oct 2010	Message Posted: Jul 1, 2012 10:05:09 AM Ignore Grizdad Report Abuse Don't get all giddy. They will be or are going up again.
gs7101 Champion Author San Antonio Posts:5,538 Points:389,345 Joined:Jun 2009	Message Posted: Jul 1, 2012 10:04:38 AM Ignore gs7101 Report Abuse I'm seeing gas prices below $3 a gallon in my local zip code.
AlienBug All-Star Author Connecticut Posts:732 Points:218,035 Joined:Jul 2011	Message Posted: Jul 1, 2012 9:29:38 AM Ignore AlienBug Report Abuse Drop baby drop
Norm10 Champion Author British Columbia Posts:3,342 Points:163,050 Joined:Dec 2010	Message Posted: Jul 1, 2012 8:46:29 AM Ignore Norm10 Report Abuse Gas prices are still high around here!
WalRus49 Champion Author Boston Posts:4,090 Points:871,790 Joined:Nov 2010	Message Posted: Jul 1, 2012 5:44:48 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...............
ohthankheaven Rookie Author Dallas Posts:61 Points:11,815 Joined:May 2011	Message Posted: Jul 1, 2012 4:52:53 AM Ignore ohthankheaven Report Abuse ...."breathe", you mean. :)
AskMeLater Champion Author Amarillo Posts:1,999 Points:580,595 Joined:Jul 2005	Message Posted: Jul 1, 2012 3:58:43 AM Ignore AskMeLater Report Abuse Still coming down here in Amarillo. Let's get down to $1.50 so we can all breath a little easier!
LanguageMan1 Champion Author Tampa Posts:11,738 Points:1,664,715 Joined:Apr 2008	Message Posted: Jul 1, 2012 1:38:22 AM Ignore LanguageMan1 Report Abuse Not dropping any longer.
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Jul 1, 2012 1:21:10 AM Ignore TRYWI Report Abuse Gasoline prices are rising here.
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: Jul 1, 2012 12:47:47 AM Ignore northeast2 Report Abuse Now, if we could just invade Iran...
lesndave Champion Author Texas Posts:3,052 Points:704,080 Joined:May 2011	Message Posted: Jul 1, 2012 12:47:12 AM Ignore lesndave Report Abuse Keep it falling
babyjudy Champion Author Tucson Posts:2,746 Points:564,660 Joined:Sep 2011	Message Posted: Jul 1, 2012 12:45:32 AM Ignore babyjudy Report Abuse I am enjoying the drop, not looking too far in the future.
jetskijerry Champion Author North Carolina Posts:3,911 Points:775,195 Joined:Mar 2011	Message Posted: Jul 1, 2012 12:42:47 AM Ignore jetskijerry Report Abuse still not enough...
scu227 Champion Author New Haven Posts:4,167 Points:774,805 Joined:Feb 2011	Message Posted: Jul 1, 2012 12:42:12 AM Ignore scu227 Report Abuse It still needs to drop a lot more.
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: Jul 1, 2012 12:38:15 AM Ignore Vette1967 Report Abuse Seeing it rise a little here today
bston Champion Author Oklahoma City Posts:1,830 Points:644,975 Joined:Mar 2011	Message Posted: Jul 1, 2012 12:32:42 AM Ignore bston Report Abuse We're seeing some fairly good prices in OKC!
el_fr Champion Author Massachusetts Posts:3,352 Points:747,625 Joined:Apr 2011	Message Posted: Jul 1, 2012 12:28:41 AM Ignore el_fr Report Abuse Keep falling
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Jul 1, 2012 12:12:07 AM Ignore anascom Report Abuse unfortunately this not the case here in great toronto area , where prices jumped today 3.5 cents / liter or abour 13 cents/gal!
1momsunshine Champion Author Ottawa Posts:5,505 Points:1,003,505 Joined:Mar 2010	Message Posted: Jul 1, 2012 12:08:52 AM Ignore 1momsunshine Report Abuse very good
esq262 Champion Author Asheville Posts:2,917 Points:650,665 Joined:Jul 2011	Message Posted: Jun 30, 2012 11:54:34 PM Ignore esq262 Report Abuse Keep falling.
LostInNY Champion Author New York Posts:1,731 Points:650,745 Joined:Apr 2011	Message Posted: Jun 30, 2012 11:45:24 PM Ignore LostInNY Report Abuse not holding my breath....
djgunrunner Champion Author Salt Lake City Posts:10,114 Points:2,351,530 Joined:Apr 2005	Message Posted: Jun 30, 2012 11:09:22 PM Ignore djgunrunner Report Abuse Wow, isn't this amazing. Just think, It is now only $1.62 a gallon more than it is worth.
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jun 30, 2012 10:50:41 PM Ignore graceman Report Abuse Keep falling baby.
bills299 Champion Author Atlanta Posts:3,381 Points:907,415 Joined:May 2005	Message Posted: Jun 30, 2012 10:43:46 PM Ignore bills299 Report Abuse Wow!!
werich44 Champion Author California Posts:1,872 Points:471,130 Joined:Jun 2011	Message Posted: Jun 30, 2012 10:19:32 PM Ignore werich44 Report Abuse Sorry, cannot agree with that statement.
07skydriver Champion Author Ohio Posts:3,275 Points:986,010 Joined:Feb 2009	Message Posted: Jun 30, 2012 9:15:29 PM Ignore 07skydriver Report Abuse Lowering the price of gas for all Americans is the second best thing Obama has done in his first term.
werich44 Champion Author California Posts:1,872 Points:471,130 Joined:Jun 2011	Message Posted: Jun 30, 2012 8:31:29 PM Ignore werich44 Report Abuse Require the speculators to store the oil they buy and watch how quickly the price of oil declines.
esquared Champion Author Oklahoma City Posts:8,082 Points:1,973,035 Joined:Jan 2006	Message Posted: Jun 30, 2012 8:26:18 PM Ignore esquared Report Abuse Come on down!
jodybull All-Star Author El Paso Posts:767 Points:140,880 Joined:May 2012	Message Posted: Jun 30, 2012 8:21:22 PM Ignore jodybull Report Abuse Don't believe anything you hear from oil companies, the news media, and the governments in this country.
kbrown72 Rookie Author Oklahoma Posts:96 Points:236,990 Joined:Jun 2012	Message Posted: Jun 30, 2012 7:50:52 PM Ignore kbrown72 Report Abuse Can't wait for it to drop lower!
bigthighs All-Star Author Tucson Posts:550 Points:52,965 Joined:May 2012	Message Posted: Jun 30, 2012 7:47:04 PM Ignore bigthighs Report Abuse need it to drop it lower
Jeff1944 Champion Author South Dakota Posts:4,244 Points:1,077,320 Joined:Jan 2010	Message Posted: Jun 30, 2012 7:28:30 PM Ignore Jeff1944 Report Abuse Western South Dakota along I-90 controlled by the Moyle and Erickson families of Rapid City still have regular gasoline in the 3.59-3.69 range.
txrojo2005 All-Star Author Austin Posts:770 Points:482,135 Joined:May 2011	Message Posted: Jun 30, 2012 7:19:44 PM Ignore txrojo2005 Report Abuse Those darn bad speculators; driving down the price of gasoline.
kiosk12y Champion Author Tulsa Posts:3,629 Points:683,760 Joined:Mar 2011	Message Posted: Jun 30, 2012 7:15:52 PM Ignore kiosk12y Report Abuse prices here dropped abit for both...$3.26 for 100%...2.99ethanol treated gas
humblepie Champion Author Toledo Posts:34,330 Points:2,374,295 Joined:Mar 2006	Message Posted: Jun 30, 2012 7:15:01 PM Ignore humblepie Report Abuse such sheepdip, gas is UP 36 cents a gallon since yesterday
mike56MI Champion Author Michigan Posts:1,230 Points:310,290 Joined:Aug 2011	Message Posted: Jun 30, 2012 6:56:37 PM Ignore mike56MI Report Abuse The more the merrier.
DellDude2 Champion Author Nashville Posts:9,425 Points:2,125,435 Joined:Aug 2005	Message Posted: Jun 30, 2012 6:30:03 PM Ignore DellDude2 Report Abuse Sounds good to me! Thanks for posting Tenntrains.
Night Owl Champion Author Toronto Posts:7,570 Points:1,790,500 Joined:Jul 2004	Message Posted: Jun 30, 2012 6:22:16 PM Ignore Night Owl Report Abuse Keep falling. Prices are still far too high.
kicksoholic Veteran Author San Francisco Posts:307 Points:98,645 Joined:May 2011	Message Posted: Jun 30, 2012 6:20:58 PM Ignore kicksoholic Report Abuse thats great news, but lets see how long it lasts
Wally3023 Champion Author Pennsylvania Posts:2,046 Points:543,125 Joined:Sep 2011	Message Posted: Jun 30, 2012 6:02:18 PM Ignore Wally3023 Report Abuse Cheap, cheap, cheap
335d1 Champion Author Virginia Posts:2,396 Points:761,970 Joined:Feb 2011	Message Posted: Jun 30, 2012 5:56:55 PM Ignore 335d1 Report Abuse I'll take it.
investmentdr Champion Author Cleveland Posts:4,039 Points:1,457,750 Joined:Sep 2008	Message Posted: Jun 30, 2012 5:51:17 PM Ignore investmentdr Report Abuse fill up before the coming $0.30 spike
investmentdr Champion Author Cleveland Posts:4,039 Points:1,457,750 Joined:Sep 2008	Message Posted: Jun 30, 2012 5:50:40 PM Ignore investmentdr Report Abuse huh? oil was up 10% friday
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Jun 30, 2012 5:25:06 PM Ignore brutherruther Report Abuse keep falling!