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Watch those gas pumps; prices expected to fall

Asspociated Press -- Gasoline prices have been falling for weeks, and they could go even lower as autumn's leaves begin to drop.

The national average for a gallon of unleaded regular was $2.681 on Friday, according to AAA, Wright Express and Oil Price Information Service. That's 6.6 cents lower than a month ago and 8.5 cents higher than a year ago.

The national average has stayed below $3 a gallon for nearly two years, and most analysts think it won't return to that level anytime soon.

"We've got gasoline supplies moving higher rather than lower so until we get unemployment down, you're just not going to see much of an increase in gasoline demand," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates.

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Submitted Sep 03, 2010 By: brbaritone

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JimTee Champion Author Tampa Posts:2,322 Points:1,189,950 Joined:Apr 2006	Message Posted: Sep 4, 2010 7:33:01 AM Ignore JimTee Report Abuse It boggles my mind why oil prices can't remain at one price until a "significant event" happens. Sort of like the price of other consumable goods (food, medicine, toilet paper or even your rent check...). OH that's right, it would put a lot of people out of work (speculators, investors, journalists, ....).
gvan Champion Author Chicago Posts:17,783 Points:2,369,585 Joined:Dec 2004	Message Posted: Sep 3, 2010 7:43:39 PM Ignore gvan Report Abuse "I wouldn't mind if gasoline would go below $2.50 per gallon." I would be satisfied if gas was $2.50 a gallon. Unfortunately we just saw another price jump and gas is in the area of $2.85
alterman156 Champion Author New York Posts:5,085 Points:1,090,000 Joined:Dec 2008	Message Posted: Sep 3, 2010 7:37:48 PM Ignore alterman156 Report Abuse I wouldn't mind if gasoline would go below $2.50 per gallon.
MidNJ Champion Author New Jersey Posts:4,623 Points:738,520 Joined:Sep 2009	Message Posted: Sep 3, 2010 6:33:42 PM Ignore MidNJ Report Abuse Prices are going down in the low price stations here in NJ. Earl did not raise them, nor are the Labor Day Weekend travlelers. The higher priced stations are still a little sluggish in reducing prices. What else is new.
kag2010 Champion Author Winnipeg Posts:2,889 Points:560,435 Joined:Apr 2010	Message Posted: Sep 3, 2010 2:06:40 PM Ignore kag2010 Report Abuse no falling!!!!!!!!!!!!!!!!
BIGOILEATURCRUD Champion Author North Carolina Posts:2,968 Points:913,710 Joined:Nov 2008	Message Posted: Sep 3, 2010 12:50:57 PM Ignore BIGOILEATURCRUD Report Abuse Good article. Gasoline remains overpriced and consumers continue to consume.
TripleHs Champion Author Austin Posts:1,300 Points:493,330 Joined:Oct 2009	Message Posted: Sep 3, 2010 12:46:43 PM Ignore TripleHs Report Abuse I truly believe the average price will continuing falling as many stations are catching up when they do their inventories, however with the future prices have been stable, I don't expect the low prices, e.g. city-low, will change much.
BMW2014 Champion Author Toronto Posts:1,794 Points:364,300 Joined:Jun 2010	Message Posted: Sep 3, 2010 12:37:57 PM Ignore BMW2014 Report Abuse Prices are falling too slow.
brbaritone Champion Author Virginia Posts:1,069 Points:1,270,505 Joined:Jan 2007	Message Posted: Sep 3, 2010 12:23:49 PM Ignore brbaritone Report Abuse Sorry about the typo in the by-line. I wish we could edit articles like we can edit Comments!