Gas prices in your area?

$1.69 for 89 octane across from Harrah's Casino in Council Bluffs. Saw it on my way into work this morning.

 
For the price to have dropped this far this fast is proof positive that opec and the oil companies were gouging the hell out of us while G Bush stood back and did nothing...

Not that Im complaining about the price now... It was a very rough year or so paying over $3 per gallon.
Gas at the On-Cue on 15th and Air Depot was $1.64 last night :horns2
Same gas station is down to $1.60 today

 
For the price to have dropped this far this fast is proof positive that opec and the oil companies were gouging the hell out of us while G Bush stood back and did nothing...

Not that Im complaining about the price now... It was a very rough year or so paying over $3 per gallon.
Gas at the On-Cue on 15th and Air Depot was $1.64 last night :horns2
Same gas station is down to $1.60 today
AWESOME!! If it gets to $1.50 I might have a heart attack.. :o :w00t :w00t :w00t :w00t

 
For the price to have dropped this far this fast is proof positive that opec and the oil companies were gouging the hell out of us while G Bush stood back and did nothing...

Not that Im complaining about the price now... It was a very rough year or so paying over $3 per gallon.
Gas at the On-Cue on 15th and Air Depot was $1.64 last night :horns2
Same gas station is down to $1.60 today
AWESOME!! If it gets to $1.50 I might have a heart attack.. :o :w00t :w00t :w00t :w00t
Wife told me this morning it was down to $1.57 yesterday evening :horns2

 
For the price to have dropped this far this fast is proof positive that opec and the oil companies were gouging the hell out of us while G Bush stood back and did nothing...

Not that Im complaining about the price now... It was a very rough year or so paying over $3 per gallon.
Gas at the On-Cue on 15th and Air Depot was $1.64 last night :horns2
Same gas station is down to $1.60 today
AWESOME!! If it gets to $1.50 I might have a heart attack.. :o :w00t :w00t :w00t :w00t
Wife told me this morning it was down to $1.57 yesterday evening :horns2

<_< I need to move to Oklahoma then.

 
Expect prices to stay low for a while...

Remember, the reason they have dropped this much is lack of worldwide demand. The reason for the lack of worldwide demand is the global recession.

OPEC can't really afford to lower production and thus raise prices - at least, not much. If they do, they will either delay a recovery from the recession or will worsen it. Either way, no one will pay, and economic expansion will not get started.

If OPEC wants $80 or $90 dollars a barrel, they have to know that the markets can afford it. And the markets can't afford it if they can't recover. And they can't recover if oil prices rise too much, too soon.

The bad news, of course, is that "cheap" gas will reamain only so long as the world economy is in the crapper...

 
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