So I just said about an hour ago on the blog gas prices have fallen a lot, down to $2.75. Well, I just saw $2.59 while running out to walk my dog.
So where do you think the bottom is? Will it actually get "cheap" again? And what exactly would a "cheap" price be?
A colleague of mine says gas isn't "cheap" until it falls below $2 per gallon for regular. And apparently a lot of you out there agree.
A couple-year-old local service that tries to hook up commuters with possible carpool partners send me a press release today, saying that it added 1,000 new participants since early September.
Commuter Services of South Central Pennsylvania, as it is known, now has 11,000 members. The growth is despite gas prices falling since early September to around $2.75 per gallon for regular.
So my question is this: Is this because people have the foresight on the interest in saving the environment to start carpooling? Or are people so scared about the economy that they are pinching the pennies they were willing to spend just a few months ago?
I saw two gas stations owned by the same company no more than one mile from each other that had two different gas prices. One was $2.75. One was $2.79.
What gives?
I was out of town this weekend for my cousin's wedding in Allentown. I had to fuel up before I headed out of town Thursday evening. I think about paid $3.25 per gallon.
When I got to Allentown prices were lower, ranging from $3.05 to $3.13.
But my entire family was shocked as we drove from the wedding to the reception and saw a gas station where prices were $2.94.
As I headed to work this morning, I noticed that some regular gasoline prices had dropped to $3.25 per gallon. And those prices jive with AAA's survey that claims that the local average cost for a gallon of regular gas on Wednesday cost $3.298. The good news is that the average price for gas was $3.34 per gallon on Tuesday. We dropped 4 cents in one day. Not bad. But, not good enough. Gas prices need to fall below $2 a gallon before I'll even come close to calling fuel cheap. What do you think? How much does gas have to fall before it becomes inexpensive?
