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Page added on November 27, 2013
Gas prices nationwide at lowest point in 3 years
For those always scouring the streets for the lowest possible price on gasoline, this holiday presents special reason to be thankful, federal energy analysts say.
The U.S. Energy Information Administration is reporting that average gas prices for the Thanksgiving holiday are at their lowest level in three years.
“Despite this week’s increase in regular-grade gasoline prices to an average of $3.29 per gallon, the price of gasoline is lower than three months ago, 14 cents less than a year ago, and the lowest heading into a Thanksgiving holiday since 2010,” the agency reports.
If you’re wondering why, just look to West and South Texas where new drilling techniques have revolutionized U.S. oil production. Not to mention a steady decline in gasoline sales as cars get more efficient (less demand = lower prices for you).
In Dallas area this morning gas prices ranged from $2.89 at the Tom Thumb on Alma Drive and Hedgcoxe Road in Plano to $3.69 at the Shell on McKinney Ave. and Bowen Street in Uptown, according to gasbuddy.com.
As anyone getting on a highway today will complain about tomorrow, Thanksgiving is a nightmare for motorists. An estimated 38 million Americans will drive more than 50 miles for their holiday celebrations – not to mention all those cabs headed for the airport.
But for those sitting in traffic logjams later today, they can at least take comfort in the fact that their car is idling a little bit cheaper than it was three years ago.
17 Comments on "Gas prices nationwide at lowest point in 3 years"
eugene on Wed, 27th Nov 2013 7:34 pm
Going to be a very short “revolution in production”. And from what I understand our oil consumption has increased a good bit. But it is a nice piece of “feel good” propaganda.
mike on Wed, 27th Nov 2013 9:30 pm
Prices down, cold fusion on the way, solar and wind taking up the slack. Economy growing again. Peak oil is dead.
DC on Wed, 27th Nov 2013 9:46 pm
Q/But for those sitting in traffic logjams later today, they can at least take comfort in the fact that their car is idling a little bit cheaper than it was three years ago.
Awww, I am SOOO happy for you amerika. Your drive to destroy your local quality of life and the planet idling in traffic with thousands of other life-wreckers on your way to the airport(thats a planet-friendly way to travel yea), or wall-mart, just got ‘cheaper’!
Still need further proof all amerika cares about is making a wreck of the world at the lowest possible cost? I dont.
yellowcanoe on Wed, 27th Nov 2013 11:30 pm
Since the massive effort to drill for tight oil is the result of high oil prices (not new technology as so many articles claim) shouldn’t a drop in oil prices be considered a problem?
Bob Owens on Wed, 27th Nov 2013 11:31 pm
Let’s not forget all those out of work people that are not driving anywhere these days. I suspect that is what accounts for the low prices; not the drilling.
Cloud9 on Thu, 28th Nov 2013 12:03 am
$3.42 in Central Florida. Does not feel cheap.
BillT on Thu, 28th Nov 2013 12:50 am
Gas wasted in traffic jambs in the US:
~ 2 billion gallons per year, or
~ 48 million barrels per year, or
~ $ 6,600,000,000.00 per year, or
the total income of the poorest 15 nations of the world.
Dave Thompson on Thu, 28th Nov 2013 12:57 am
Gas is cheap = spend more at the big box corp. crap store. Now get going!
rollin on Thu, 28th Nov 2013 1:46 am
Regular was down to 2.94 and then within a week it rose to 3.19. Now hovering around 3.23. Guess they had to get it up for the holiday traffic.
Billt, the hydraulic hybrids would solve the wasted fuel in traffic jam problems. Most of the energy of braking is recovered and car can move on the stored energy. Essentially using no fuel in traffic jams and stop and go traffic.
Really thankful I have a car, would never be able to make it to all those doctors, the hospitals and the chemo treatments without one.
Stilgar on Thu, 28th Nov 2013 6:57 am
yellowcane, I concur. Unless oil prices remain high enough to warrant expensive extraction, supply will drop and price at pump will rise.
It also goes to show that everything is relative and how soon we forget. There was a time when people cringed at 3.29 a gallon, but now we are accustomed to paying more so relatively speaking it seems like a bargain.
I suppose the day will come when we say, “Wow, only 5.25 a gallon!”
BillT on Thu, 28th Nov 2013 1:24 pm
rollin, no they wouldn’t. You drink too much techie cool aid. The recovery systems are just more things to break down and add to the total energy used. Tech is an energy sink, not an energy producer.
I suggest you move nearer to your life support systems. I live 2 blocks from all of my medical needs.
Kenz300 on Thu, 28th Nov 2013 2:12 pm
Walk, ride a bicycle or take mass transit and never worry about the price of gasoline again.
If you need a car for longer distances there are plenty of choices that do not use gasoline or use use less gasoline.
Electric, biofuel, hybrid, CNG, LNG and hydrogen fueled vehicles are all an option.
Help to end the oil monopoly on transportation fuels.
Competition is good for the consumer.
Beery on Thu, 28th Nov 2013 2:24 pm
The calm before the storm.
I’m just happy I’ve never owned a car.
DC on Thu, 28th Nov 2013 4:32 pm
RoFL@Ken.
Again…
-EV’s do exist in very limited quantities. They have done absolutely nothing to mitigate air pollution. In my province, a tiny handful exist. I have never seen one in person, operational in 40+ years here. It wasnt until 2008 that Van. finally permitted NEV, and only in that city. Elsewhere, EVs are not really allowed. I couldnt buy one if I wanted to-they are not for sale here.
-Bio-fools are not an option. They pollute just like gas, and cost just as much to produce and distribute as oil. Bio-fool is blended, Ken with regular gas. There are NO independant 100% unblended bio-fools being sold anywhere. Nothing runs on 100% bio-fools and even if it did-no one is selling 100% bio-fools at the pump.
-Hybrids Aka greenwash for the auto-oil cartel. Like EVs, their presence on the roads have had virtually no effect on air quality readings anywhere.
-Hydrogen cars…seriously ken? Where? They dont exist outside of a few million dollar test models. They are not an option.
-CNG and LNG, unlike most of your fantasy trash cans actually do exist. All north amerikan NG and Propane corporations are owned in part or in whole, by the major oil companies. While they work just fine, at the end of day, they are just a different kind of dirty, and the dollars all end up in Chevrons, BPs’, Shells, and Exxon’s bank account anyhow.
Competition is not magic. At least when it comes to cars-only fuels. And not for a great many other things as well.
rollin on Thu, 28th Nov 2013 5:27 pm
Ah, yes the city dweller that is so, so concerned about energy and wants people to leave the planet. Must come from living in a city, the biggest parasitic energy users on the planet. So afraid of losing all that support that he wants everybody to live like him, and promotes non-solutions to problems.
When will these people realize that all that urban transport uses as much or more energy as any other transport. When will they realize that the miles and fuel they don’t use all comes from people and places far away that they point at as the problem. All those people running about out there make the cities possible. Cut off all that global input and cities shrivel up and die. They are the most unsustainable places on the planet.
Maybe the rurals should just stop sending their stuff to the cities and halt the mining operations that support them. The rurals can support themselves, the cities would empty and be begging for everything.
Has anyone actually added up the total energy used by city dwellers. All that energy tied up in their food, services, heating, transport, etc? All that energy used to get to cities to work because there is not enough places to live in the city (why one would want to is beyond me).
Beery on Fri, 29th Nov 2013 1:03 am
“All those people running about out there make the cities possible. Cut off all that global input and cities shrivel up and die.”
Yeah, sure – like that’s going to happen.
Cities have been around for something like 10,000 years. If they’ve been around that long, it means we ALL need them. This idea that we can do without cities is as ridiculous as the idea that we can do without rural farms. It’s a fantasy.
rollin on Fri, 29th Nov 2013 3:29 pm
Beery, the cities of thousands of years ago did not even have the size of large towns now and had an extremely small carbon footprint. Not sure why you think we NEED cities, that only smacks of limited thinking along existing BAU lines. Think along lines of a failing transportation system caused by falling energy availability.