How Low Will it Go?

Last night as I was filling up my car’s tank at my favorite (lowest cost along my route) station, I was pleasantly surprised to see regular unleaded was “under” $2.00 a gallon. (To be more precise, it was listed as $1.999.) It was similar to the excitement I felt several years ago, probably around December 2001 according to this chart, when the price dipped below $1.00 a gallon. It’s a bittersweet feeling as I’m still not happy I have to pay twice as much now compared to only five years ago, but it beats $2.499 or $2.999 or higher.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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Hazzard

Feel very lucky!

People around here are ecstatic to find gas at 2.40 a gallon. We'll never see gas under $2.00 here. And it makes me mad to see the prices going down much slower than they went up. Crooks!

Nagel

With oil rising back over $53/barrel and OPEC ready to decrease production don't expect low prices to stay.

Andy

Here in England it costs $2 per litre.
That's a little over $7.50 a gallon.

TJP

$7 is out of control. If you have to pay that much, why not become more friendly with the metro?

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