Gas Mileage and Gas Prices » lundberg survey http://www.fueleconomyhelp.com How to Increase Gas Mileage and Beat Gas Prices Tue, 29 Jun 2010 09:37:02 +0000 en hourly 1 http://wordpress.org/?v=3.0 Gas Prices below $2; The End is Near http://www.fueleconomyhelp.com/2008/11/gas-prices-below-2-the-end-is-near/ http://www.fueleconomyhelp.com/2008/11/gas-prices-below-2-the-end-is-near/#comments Mon, 24 Nov 2008 11:46:13 +0000 Fuel Economy Advisor http://www.fueleconomyhelp.com/?p=178 CNN reported yesterday that the end of the gas price drop is probably near, citing the Lundberg Survey as the source.  The average price of gas dropped over 30 cents in the past 2 weeks, dropping below $2 for the first time in almost 3 years.

“The average price of self-serve, unleaded gasoline on Friday in the United States was $1.97,” said Trilby Lundberg, publisher of the Lundberg Survey. “The last time the price was below $2 was on March 4, 2005,” she said.

This is attributed mostly to the drop in crude oil prices.  Last summer, when gas prices were over $4 for most areas of the country, crude oil had risen to over $100 per barrel.  Friday oil futures dropped to just under $50, marking the lowest point in the dramatic drop in the past 4 months.  Of course, the decreased demand for gas, in part due to joblessness and the poor economy, also contribute to the falling prices.

This is all good news, except for the fact that the price drop is probably coming to an end, as the oil market is settling down.  Don’t get too excited about seeing gas drop below $1 gallon next month, it probably won’t happen.

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]]> http://www.fueleconomyhelp.com/2008/11/gas-prices-below-2-the-end-is-near/feed/ 6 Gas Prices Dropping; Closer to $3 Per Gallon http://www.fueleconomyhelp.com/2008/10/gas-prices-dropping-closer-to-3-per-gallon/ http://www.fueleconomyhelp.com/2008/10/gas-prices-dropping-closer-to-3-per-gallon/#comments Tue, 14 Oct 2008 11:37:41 +0000 Fuel Economy Advisor http://www.fueleconomyhelp.com/?p=35 Finally – some relief from ridiculously high gas prices.  All summer long I’ve been paying over $50 to fill my tank – on regular unleaded!  Now granted it’s a V8 gas guzzler (not even an SUV!) that only gets 20 miles to the gallon, but still, with gas prices hitting $4 per gallon in some spots it has been expensive.

But the good news today is that the nationwide Lundberg Survey of gas prices has discovered that the average national price for unleaded regular gasoline has dropped .35 cents, from $3.66 to $3.31 per gallon.  Almost at $3!

We’re not out of the woods yet; CNN reported that gas prices are still 19% higher than they were a year ago. Still, we’re within .25 cents of hitting the $3 average.  Their report is more optimistic; according to CNN the average price of regular unleaded dropped to $3.247 a gallon nationwide, down almost 4 and a half cents.

Time to fill ‘er up yet?  Not yet … I bet gas prices are going to keep dropping all week!  Unless, of course, you’re out of fuel, in which case, yes, you’d better go fill the tank :)

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