Saturday, November 3, 2012

GASOLINE PRICES ARE FALLING: NOVEMBER 2012

In spite of hurricane Sandy, gasoline price in the U.S. are falling (http://www.cnbc.com/id/49659811):
"AAA expects that gas prices across the country will continue to drop through the end of the year, assuming a smooth restart to production following Hurricane Sandy. AAA predicts the national average price of gas could fall to $3.40 a gallon by Election Day and between $3.25 and $3.40 a gallon by Thanksgiving. Gas prices could drop by 40 cents a gallon between now and the end of the year, says AAA spokesperson Avery Ash."

The national average is said to be $3.496/gal.  California is something else again and the lowest prices quoted by gasbuddy.com for Los Angeles is $3.96/gal and for San Francisco is $3.76/gal, but $3.65/gal in San Diego.  Perhaps it is no wonder that the Toyota Prius is the most popular car in California.

Where we are near Pinehurst, NC, the golf capital, the lowest gasoline price for regular I have seen as of yesterday is $3.58/gal whereas near our home it is $3.65/gal, but the latter is still 25 cents/gal lower than the peak this year.  The big cities in the state have even lower prices, however, with gasbuddy,com quoting prices as low as $3.18/gal in Raleigh and $3.17/gal in Charlotte.

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