Gas Prices Party Like It's 1999

Edward Niedermeyer
by Edward Niedermeyer

Don’t worry. The economy won’t hurt you. It just wants you to have some fun. To prove it, the price of gas continues to fall, now averaging $1.66/gallon according to USA Today. Officially, the last time prices were this low was in 2004, and prices are still dropping after hitting an all-time high this June at $4.11/gallon. The government’s weekly gas and fuel price update shows prices are at their lowest in the Gulf Coast and Rocky Mountain regions. Diesel prices are falling as well, hitting a national average of $2.42/gallon. Help keep downward pressure on fuel prices by finding the lowest local prices (with help from your federal government) here. And if you’ve got a dime you can listen to your V8 tonight. Freaky!

Edward Niedermeyer
Edward Niedermeyer

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  • Pch101 Pch101 on Dec 26, 2008
    I guess I can pretend I “called it” You may need to pretend, but I don't. If you search through this site, you will find numerous comments made by myself and others that argued that the 2008 price increase was a bubble that would pop. I made those comments at the same time that your preferred pundit, Colin Campbell, was taking the opposite position in articles such as the one linked above. Campbell got it wrong, his associate and research source Simmons got it wrong, and the rest of that crowd got it wrong. I know that it kills you to admit it, but they got it wrong and you don't do yourself any favors by denying it.
  • U mad scientist U mad scientist on Dec 26, 2008

    Yeah, no shit sherlock they got it wrong on market pricing. Some just more egregious than others. I mean, the whole damn economy was on a bubble, so I give you no credit unless you predicted

  • Pch101 Pch101 on Dec 26, 2008
    they got it wrong on market pricing At least you finally admitted it. It only took you two or three days to come around.
  • U mad scientist U mad scientist on Dec 26, 2008

    And how many days is it going to take for you to realize that I've said from the beginning that it's pointless to argue about the weather, and make a meaningful point about that instead? Look at my first post to you: For example, Colin Campbell is an oilman who has written quite a bit on the subject, and the technical side of his analysis seems fine. The side effects of a peak is open to interpretation and is filled with motley fools looking for attention.

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