1 of 1- Common Sense
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99 Cent Gas May Be on Its Way
99 Cent Gas May Be on Its Way
The International Energy Agency (IEA) February oil market report will put more downward pressure on crude prices just as the price of gasoline in some parts of the United States dips to above $1.10 a gallon.
Prices are moving swiftly to below $1, a price last posted in the United States in December of 1993.Crude trades at $30 per barrel now, and the forecasts of $20 have become more likely.More than 50 stations in Oklahoma sell gas for under $1.15 per gallon. One station sells regular gas as $1.11, according to GasBuddy.
That is against a national price for an average gallon of gas at $1.72. A month ago, that price was just short of $2.
Last edited by Common Sense (2/10/2016 9:02 am)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
- tennyson
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Re: 99 Cent Gas May Be on Its Way
NOT in PA.
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
- Common Sense
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Re: 99 Cent Gas May Be on Its Way
Yea... our high gas tax will stop that. 
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
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Thread Starter- flowergirl
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Re: 99 Cent Gas May Be on Its Way
Are there any real concerns that these lowest of the lowest gasoline prices seen in decades may eventually backfire? Is there the ability of and or desire of companies like EXXONMOBILE, CONOCO, BP and other major players to suddenly draw down production in order to dwindle down the excess oil in storage and by doing so increase gasoline prices? Something in my bones is telling me that these very low gas prices are waaay to good to be true.