GASOLINE PRICES CONTINUE TO FALL: NOVEMBER 2012

Gasoline prices continue to fall as predicted just a couple days ago (Gasoline Prices Are Falling: November 3, 2012)http://stopcontinentaldrift.blogspot.com/2012/11/gasoline-prices-are-falling-november.html).

From Gas Prices Tumble at Quickest Rate  in 4 Years: Survey (https://www.cnbc.com/id/49692132):

 "Gasoline prices averaged $3.5454 per gallon on November 2, down 20.75 cents from October 19 when drivers were paying $3.7529 at the pump, Lundberg said."
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"Another reason for the total U.S. price decline in the latest survey is California, the biggest state consumer, where pump prices fell 49 cents in past two weeks after an extreme price increase a month ago because of refinery problems.

The November 2 survey shows that gas prices have fallen a total of 29.21 cents in the last month, Lundberg said.

The highest prices for regular gasoline recorded in the November 2 survey were in San Francisco at $4.05 a gallon, while drivers in Memphis, Tennessee were paying the least at $3.11 per gallon."

The station closest to our home in Seven Lakes, NC, is advertising $3.51/gal, a bit lower than the national average and $0.39/gal from its peak this year.

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.