GasBuddy News Article

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Gas prices may have peaked

Abiline Reporter News -- Gas prices have been falling all across Texas this week as the July Fourth holiday approached, a time when prices typically hit a peak high, said Dan Ronan, an AAA Texas spokesman.

The weekly AAA Texas gasoline price survey released Thursday shows the average price of regular unleaded self serve fell by four cents this week to $2.49 per gallon. In Abilene, prices averaged about $2.43 a gallon for unleaded, with some stations in the city selling it at $2.49 a gallon.

Prices also fell 4 cents nationally to an average of $2.63, the Associated Press reported.

Prices are likely to keep tumbling lower as the summer — known in less rough economic times as a peak road travel season — wanes, according to Ronan.

“Historically, they (gas prices) have peaked on the July Fourth holiday,” he said, n

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Submitted Jul 04, 2009 By: liltruckman

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REPLIES (newest first)

Tenshot All-Star Author Quad Cities Posts:604 Points:821,455 Joined:May 2005	Message Posted: Jul 5, 2009 9:34:12 PM Ignore Tenshot Report Abuse I hope so too
DellDude2 Champion Author Nashville Posts:3,061 Points:974,360 Joined:Aug 2005	Message Posted: Jul 5, 2009 4:08:05 PM Ignore DellDude2 Report Abuse Incredible, no price bump during the holiday weekend. Sweet!
sam09SC All-Star Author Columbia Posts:569 Points:112,400 Joined:May 2009	Message Posted: Jul 5, 2009 6:26:13 AM Ignore sam09SC Report Abuse I like to dream too.
spiderjay Champion Author Little Rock Posts:2,069 Points:499,160 Joined:Oct 2005	Message Posted: Jul 5, 2009 5:13:50 AM Ignore spiderjay Report Abuse YEAH RIGHT LIKE THEY SAID WE WOULD SEE 99¢ AND GAS WOULD GO ABOVE $2 THIS YEAR. I HAVE A BETTER CHANCE IN BELIEVING IN SANTA
BH24 Champion Author Arkansas Posts:4,930 Points:1,116,675 Joined:May 2005	Message Posted: Jul 5, 2009 4:24:37 AM Ignore BH24 Report Abuse Then again, they may not have peaked. Let's wait until the Summer runs its course before making rash statements. The oil situation is very hard to correctly anticipate.
rwsb30 Veteran Author Dayton Posts:287 Points:65,775 Joined:Jul 2008	Message Posted: Jul 5, 2009 1:38:43 AM Ignore rwsb30 Report Abuse WHAT? AGAIN!
MPGKing All-Star Author New Jersey Posts:842 Points:214,555 Joined:Mar 2009	Message Posted: Jul 5, 2009 1:33:15 AM Ignore MPGKing Report Abuse I certainly hope so.
kelsielee Champion Author Atlanta Posts:2,586 Points:494,535 Joined:Sep 2008	Message Posted: Jul 4, 2009 9:33:05 PM Ignore kelsielee Report Abuse I'm glad to see the prce decrease this past wek. I hope the trend continues.
alterman156 Champion Author New York Posts:1,605 Points:405,475 Joined:Dec 2008	Message Posted: Jul 4, 2009 8:49:46 PM Ignore alterman156 Report Abuse If gasoline prices have peaked, I'll be happy.
Tucker1961 Sophomore Author Seattle Posts:202 Points:21,125 Joined:Jun 2009	Message Posted: Jul 4, 2009 1:57:24 PM Ignore Tucker1961 Report Abuse I hope so!
davidel57 Champion Author Houston Posts:1,241 Points:310,815 Joined:Apr 2008	Message Posted: Jul 4, 2009 12:34:07 PM Ignore davidel57 Report Abuse they went up here before the holiday, 10c late last week and early this week, so they could drop them back down a little. Still jacked em before the holiday.
DellDude2 Champion Author Nashville Posts:3,061 Points:974,360 Joined:Aug 2005	Message Posted: Jul 4, 2009 12:14:56 PM Ignore DellDude2 Report Abuse This is the first holiday weekend I can remember where they haven't jacked up the prices. Happy and safe 4th everybody!
Tnerbeel Champion Author Houston Posts:2,874 Points:601,560 Joined:Mar 2007	Message Posted: Jul 4, 2009 11:36:51 AM Ignore Tnerbeel Report Abuse We'll see. I'm from Missouri on this one.
tobasco Champion Author Los Angeles Posts:4,959 Points:1,212,785 Joined:Mar 2004	Message Posted: Jul 4, 2009 11:32:50 AM Ignore tobasco Report Abuse They have risen against a glut of oil....tell me this isn't due to speculators.
BKool Champion Author Michigan Posts:2,129 Points:1,268,845 Joined:Aug 2005	Message Posted: Jul 4, 2009 11:31:10 AM Ignore BKool Report Abuse Gas prices may have peaked, until they rise.
roadrunnerMO Champion Author Kansas Posts:2,536 Points:557,470 Joined:Jul 2008	Message Posted: Jul 4, 2009 11:30:39 AM Ignore roadrunnerMO Report Abuse Oil producing countries will find some way to drive prices up. Cut oil lines in Nigeria? Whatever it takes, it will probably occur.
redxii Rookie Author Austin Posts:22 Points:4,640 Joined:Jan 2009	Message Posted: Jul 4, 2009 11:27:25 AM Ignore redxii Report Abuse Some countries are super dependent on oil revenue (Venezuela for one), they had a taste of $147/barrel oil and they want it back.
ledoy Champion Author Dayton Posts:7,255 Points:1,452,150 Joined:Aug 2005	Message Posted: Jul 4, 2009 11:26:59 AM Ignore ledoy Report Abuse let's hope so... but I wouldn't count on it
car253 Champion Author Ohio Posts:1,447 Points:404,380 Joined:Oct 2008	Message Posted: Jul 4, 2009 11:22:52 AM Ignore car253 Report Abuse Lets get back to about $1.89/ gal.
unicornpmb Champion Author Buffalo Posts:2,635 Points:474,300 Joined:Sep 2005	Message Posted: Jul 4, 2009 11:20:05 AM Ignore unicornpmb Report Abuse Sounds nice.But will not happen.