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Gas Prices In Free Fall

HOW LOW WILL THEY GO? By FITSNEWS  ||  The average price of a gallon of unleaded gasoline in America is $2.66 … down 21 cents from our last check (three weeks ago), 60 cents from this time a year ago and more than $1.00 per gallon from this year’s summer peak….

HOW LOW WILL THEY GO?

By FITSNEWS  ||  The average price of a gallon of unleaded gasoline in America is $2.66 … down 21 cents from our last check (three weeks ago), 60 cents from this time a year ago and more than $1.00 per gallon from this year’s summer peak.

Oh … and the price could fall even lower if the price of oil continues to plummet (which they are expected to do).

Oil prices are currently less than $65 a barrel – the lowest they’ve been in more than five years.  With further declines projected, gas prices could drop below $2.00 per gallon as soon as next spring.  And that’s the national average we’re talking about … most states could see prices drop even lower than that seeing as states like Hawaii, Alaska, New York and California tend to skew the national average higher.

Low prices are good news, right?  Sure … although the savings at the tank has yet to make a dent in America’s lagging consumer economy.  And as we’ve noted, the domestic revolution driving this enhanced production doesn’t appear to be sustainable (although it would be much more sustainable if we fully expanded production).

Here in South Carolina, gas prices are currently $2.44 per gallon of regular unleaded – third-lowest nationally.  Of course South Carolinians have always paid a disproportionately high percentage of their incomes on fuel given how little they earn.

Which is why we’ve always opposed raising the gas tax … and always will.

Well, that and the fact South Carolina doesn’t have a revenue problem when it comes to infrastructure needs … it has a prioritization problem.

***

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31 comments

Rocky December 8, 2014 at 4:52 pm

Thank you President Obama-rama. We mucho appreciate the lower gas prices. Oh, and Wil, that chick ain’t so hot. Use another picture.

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Smirks December 8, 2014 at 6:06 pm

No hot chick drives a Hummer.

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gross December 8, 2014 at 6:08 pm

SC Republicans will literally fuck anything. It’s proven over and over here.

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SomalianRoadCorp December 8, 2014 at 11:59 pm

Same with good drivers

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SCBlues December 8, 2014 at 6:15 pm

“Thank you President Obama-rama”
Fox says that President Obama has nothing to do with the falling gas prices and should receive no credit – and then out of the other side of their mouth they say that well, maybe President Obama does get credit for it and in that case the lower gas prices are actually hurting the economy.

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Manrau December 8, 2014 at 10:51 pm

You’re looking for logic or consistency in what Fox News reports? They regurgitate the GOP talking points of the day whether those points make sense or not.

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Rocky December 9, 2014 at 7:31 am

The North Dakota economy – bam!!!

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Rocky December 8, 2014 at 4:52 pm

Rught-ro – this headline is going to make Grand Tango Assgrabber go nuts. We need Grand Tango’s Ugly Dog to help lighten the moment.

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Yeah, right! December 8, 2014 at 6:03 pm

According to him, his blog is way too busy now for him to comment here anymore.

You can laugh now.

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Fill 'Er Up December 8, 2014 at 6:14 pm

No doubt…he really hates good news.

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A want my 30 seconds back December 8, 2014 at 5:40 pm

That was completely pointless. Maybe next you could do a hard hitting piece about the temperature outside.

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9" December 8, 2014 at 5:43 pm

I’m going to Disney World !

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Rocky December 9, 2014 at 7:34 am

See, the consumer economy is already booming and now 9-inch is headin’ down to Orlando, showering everyone with cash. Florida wins again. And can you blame him, not like anyone wants to go to Myrtle Beach this time of year.

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Old and seen it before December 8, 2014 at 5:50 pm

Lure shallow American voting base into purchasing more big gas guzzlers just before the Republican oil tycoons retake the big house. Then, with the customer base back in place gas will soar to unprecedented prices that are common in European countries. Pretty soon we will be buying it by the liter. Moral of the story: buy oil stocks. Four years from now : buy gun stocks. (Hint: look at the number of big SUVs with new body styles. Couple that with cheap gas and it’s like, hey , why not? )

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sup December 8, 2014 at 6:07 pm

This is about Russia. Saudis and OPEC are agreeing with the USA to keep prices super low to hurt the Russian economy. In exchange we’ll pretend that the Saudis aren’t funding and supporting ISIS and we’ll continue to support the brutal monarchies that rule in the Middle East. They could give a fuck about SUVs.

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TontoBubbaGoldstein December 8, 2014 at 6:37 pm

Poking the Bear.
What could possibly go wrong?

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easterndumbfuckistan December 8, 2014 at 7:01 pm

It worked for Reagan in the 80s. This is one of the main ways we killed the USSR, kept the price of oil low by having Saudi Arabia flood the market. I read a few years ago the Saudis can make money at $10 to $15 a barrel. Russia needs $70+ to survive long term and 100+ to thrive.

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TontoBubbaGoldstein December 8, 2014 at 7:49 pm

True on all counts.

Problem is …Obama ain’t Reagan, Putin ain’t Gorbachev and (most importantly) today’s Russia ain’t the old USSR.

euwe max December 8, 2014 at 10:31 pm

..ah, yes – but the odds at the roulette table haven’t changed!

Buy A Hummer, Get A Hummer! December 8, 2014 at 6:09 pm

So, should we start regulating stupidity? That hasn’t worked so well for drugs…face it, they deserve to be down and out.

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Thank you Captain Obvious December 8, 2014 at 8:21 pm

“Four years from now : buy gun stocks.”

Hell, gun stocks have been booming since 10′, where you been?

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Captain short bus for you December 9, 2014 at 7:59 am

The point is , numbnuts, that oil stocks do well during a Repub. admn and gun stocks do well during a Dem admn. Now go fuck yourself. I have been playing those cycles since 1980.

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CNSYD December 8, 2014 at 6:11 pm

“Of course South Carolinians have always paid a disproportionately high percentage of their incomes on fuel given how little they earn.”

Time fir Sic Willie to advocate EBT cards for gas.

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Squishy123 December 8, 2014 at 6:41 pm

I’m for $4.00/gallon. Less idiots on the road.

I suspect this is just a blip on the radar, it’ll be back above $3.00 by Memorial Day.

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euwe max December 8, 2014 at 9:11 pm

I know what party her husband pays obeisance to.

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E Norma Scok December 9, 2014 at 9:10 am

You should still would try to stay out of its way while driving your Prius.

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euwe max December 9, 2014 at 10:22 am

I should still would try?
———
Not me – I’m a member of the reality based community!

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Bible Thumper December 8, 2014 at 9:28 pm

Lower Gas Prices. Another failed Obama policy.

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SomalianRoadCorp December 8, 2014 at 11:59 pm

OPEC is doing this for either one of two reasons:

a) because they don’t like Russia since we don’t (and the fact that they are finding massive reservoirs in the Arctic)

and/or

b) to force the US producers to close wells and sell equipment.

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euwe max December 9, 2014 at 3:30 pm

Postpone shale oil competition.

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Mike at the Beach December 10, 2014 at 2:02 am

Bingo…we have a winner.

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