Gasoline Takes Biggest Weekly Dive Ever

Turns out, 33 cents in one week is the biggest price drop in the history of anyone paying attention to the national average price of a gallon of gas. Currently, the national average price is $3.12, according to AAA. With the price of oil below $80 a barrel, this price could come down even more over the next few weeks, bringing $3 gas back into sight.

Even at $3.12, though, gas prices are probably the one part of the economy people don’t need to sweat right now. However, car-buying trends still point to a decline in large SUV sales and an uptick in sales of efficient vehicles.

Gasoline falls 33 cents in largest weekly price drop ever (USA Today)

Comments

[Michael Ejercito]

It is still a good idea to buy fuel-efficient cars, as people typically keep cars for up to ten years.

[Ken L.]

We may be heading towards a deep long recession, but if gas drops as much as the stock market and returns to 99 cents a gallon again, you can bet I’ll be taking as many 8 hours a day road trips I can. Just like investors, passionate drivers must seize the opportunity. Let the good times roll, err the price of oil, that is.

[J]

But price just jumped 10 cents around my area today. Is that happening to you guys too?

[Ken L.]

We may be heading towards a deep long recession, but if gas drops as much as the stock market and returns to 99 cents a gallon again, you can bet I’ll be taking as many 8 hours a day road trips I can. Just like investors, passionate drivers must seize the opportunity. Let the good times roll, err the price of oil, that is.

$2.80-$2.90 in NWFla!!

[tran]

in kansas city Mo, the price of regular unleaded is only $2.52, and for premium its $2.72

but we know it'll be back 2 $4.00+ again sometime in the near future...so enjoy while it lasts!!

[Juan Carlos]

think positive. work with me people.

[1%]

It's funny watching you sheep talk. If any of you had 1/2 of a brain you would know that now is the time to buy stocks and a slightly used SUV.