Gasoline falls below $3.50 a gallon
says AAA Philadelphia
Gasoline falls below $3.50 a gallon
Joseph N. DiStefano
Driving from Wilmington to my Dad's up in Chester County yesterday, we saw gasoline prices ranging from $3.29 at the Foulk Road Sunoco (it's less further south), up to $4 at the Citgo on PA 352 near I-95.
The trend has been sharply lower, reports auto insurer AAA, citing "falling crude oil prices" which average around $80 a barrel as increased demand from China, India and other countries has slowed, frustrating speculators who were betting on $100+ oil.
The average in the Philadelphia area is now below $3.50 for the first time since January and 27 cents below "this time last year," AAA says. At $3.49 we're two cents below the US average despite the closing of the Sunoco refinery in Marcus Hook. The national average fell 3 cents in the last week and 15 cents from last year.
And just imagine...if that $3.50 gets magically CUT IN HALF, it will ALMOST be back to what Obama "inherited". Didn't left wing loonies tell the world that retail gasoline prices only increase because the powers that be are in bed with big oil????— kelprod2
Comment removed.- In Lancaster yesterday, Sunoco, Wawa, Turkey Hill and Hess were $3.19 for unleaded regular. Same gas that we get in Phila. except theirs is trucked an extra 60 miles west. We are all being taken for fools again.— JoeC.
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- supply and demand, Joe C— Flyers2001
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- I remember gas reaching 4.29 in summer of 2008 under Bush, it hasn't reached that a single time under Obama. I remember gas being 3.59 August 2005 after Hurricane Katrina. It is 3.34 in Aston (In Delaware County, PA) right now, down from 3.91 earlier this year. Sure gas reached late 90's early 2000's levels for a brief period at the worst point of the recession, but did anyone think that those prices were going to stay at that level? Even Newt Gingrich's gas price goal was 2.50 a gallon. If it gets under 3 dollars a gallon and rises at a rate closer to inflation and in a more predictable less erratic way, that would be pretty good.— dmm5073
- kelprod3/romneycult.richardhamblin&hisorchestra...or whatever you are calling yourself today.
Obama inherited national retail gasoline of $1.70 per gallon. Today it stands at $3.505. That is an increase of $1.805 per gallon, which is more than double what George Bush handed to him.
"Forward"...by $1.805 per gallon. Hope & change, hope & change...— kelprod2 - gas prices in 2000 were around 1.95, in 2008 they were 4.10.
"Forward"...by 2.15.
so what's your point?— psu130 - gosh darn evil Oil Speculators making Oil drop like this, we need to have an investigation! DERP!— ignorantphillydem
- Obviously it's going down because it's an election year... jk, I'm not a GOP loon.— sdrxd
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- I call BS. The real headline should be: "Gas Outside Philly 'Burbs below $3.20 a Gallon".— a4049412
- All credit goes to Obama for gas being so cheap again. Big Oil wants to take all of our money and Obama stopped them. Unless you hate blacks, there is no reason to vote for anyone other than Obama, who has shown time and again that the rich don't own the country.— eldiablodelsol2009
Saw a Chevy Volt on Lancaster Ave at Radnor, saw a Karma on Green Lane bridge in Manayunk. Septa has hundreds of hybrids, goodbye internal combustion Middle East war fossil fuel, buh buy!
