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Pump prices falling, weekly report says

The Regina Leader-Post -- OTTAWA - The average price of gasoline in Canada has fallen for the fourth time in five weeks, a weekly survey showed Tuesday, putting the cost down more than nine per cent from its peak in mid-July.

MJ Ervin & Associates, a petroleum-industry research group, said the average price for regular gasoline was $1.272 a litre, down 1.5 cents from a week earlier.

The average had been as high as $1.401 a litre, according to the report that was issued July 15. The price of crude oil has fallen almost 25 per cent since peaking July 11.

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Submitted Aug 20, 2008 By: JT

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Roo08 Veteran Author Grand Rapids Posts:398 Points:57,115 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:13:52 AM Ignore Roo08 Report Abuse Good news. I hope it keeps dropping.
radicale All-Star Author Calgary Posts:971 Points:240,500 Joined:Aug 2006	Message Posted: Aug 21, 2008 10:11:36 AM Ignore radicale Report Abuse Still waiting.............................
copperhead8 Champion Author Boston Posts:8,527 Points:1,566,890 Joined:Dec 2004	Message Posted: Aug 21, 2008 10:10:01 AM Ignore copperhead8 Report Abuse This is great news.
mrsports007 Champion Author Raleigh Posts:2,490 Points:374,710 Joined:Jun 2008	Message Posted: Aug 21, 2008 10:09:12 AM Ignore mrsports007 Report Abuse still too high
ww2gas Champion Author Virginia Posts:2,299 Points:573,800 Joined:May 2007	Message Posted: Aug 21, 2008 10:08:59 AM Ignore ww2gas Report Abuse Amen.
SueB1863 Veteran Author Detroit Posts:305 Points:24,195 Joined:Apr 2008	Message Posted: Aug 21, 2008 10:08:59 AM Ignore SueB1863 Report Abuse OIl's surging back up again, almost at $120 right now thanks to a faltering economy and weak dollar. I think the downward trend is over!
mfeldstein Champion Author Ottawa Posts:2,289 Points:771,005 Joined:Feb 2007	Message Posted: Aug 21, 2008 10:01:22 AM Ignore mfeldstein Report Abuse Prices will have their ups and downs from day to day, but it's been one step up and two steps down lately trending in the right direction. Canada is following in lockstep with the U.S.
Gassie1 Champion Author Akron Posts:6,296 Points:915,340 Joined:Apr 2007	Message Posted: Aug 21, 2008 9:53:50 AM Ignore Gassie1 Report Abuse Still hurts
techque Champion Author St. Louis Posts:2,458 Points:1,256,510 Joined:Apr 2005	Message Posted: Aug 21, 2008 9:51:47 AM Ignore techque Report Abuse still C$0.30/L more than this time last year, so don't get too excited, and keep those guzzlers parked. . .
Retowered Champion Author Colorado Posts:2,831 Points:1,442,990 Joined:May 2004	Message Posted: Aug 21, 2008 9:51:29 AM Ignore Retowered Report Abuse Pumps here have not changed yet..
dochog Rookie Author Louisville Posts:3 Points:29,770 Joined:Jul 2008	Message Posted: Aug 21, 2008 9:51:11 AM Ignore dochog Report Abuse LETS SEE..... Price of crude down 25%, pump price down 9% Hmmmmmmmmmmmm Oh I get it...............
Brockvillian Veteran Author Ontario Posts:437 Points:277,245 Joined:May 2007	Message Posted: Aug 21, 2008 9:50:58 AM Ignore Brockvillian Report Abuse Get ready prices of fuel are going to be going up a little ahead of schedule.
hblee Champion Author Ontario Posts:1,283 Points:453,745 Joined:May 2004	Message Posted: Aug 21, 2008 9:50:55 AM Ignore hblee Report Abuse Enjoy it while you can. Prices have been creeping back up since Monday.
Pede Champion Author New Jersey Posts:2,074 Points:273,800 Joined:Apr 2007	Message Posted: Aug 21, 2008 9:49:17 AM Ignore Pede Report Abuse If we spent the effort getting more domestic oil than speculating we would be better off.
mattf373 All-Star Author Atlanta Posts:906 Points:186,650 Joined:Mar 2003	Message Posted: Aug 21, 2008 9:48:51 AM Ignore mattf373 Report Abuse This will probably be short lived.
sailormon Champion Author Michigan Posts:1,406 Points:363,875 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:47:02 AM Ignore sailormon Report Abuse Pump prices have finely come down here. Fell from $4.02 to $3.89. Now I see that oil has jumped back to $118.00. I suspect prices will go up now!
acknot Champion Author Seattle Posts:1,487 Points:768,300 Joined:Sep 2003	Message Posted: Aug 21, 2008 9:44:25 AM Ignore acknot Report Abuse Doesn't take a report to figure that out.
rod1965 Champion Author Portland Posts:1,741 Points:322,985 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:44:08 AM Ignore rod1965 Report Abuse Canadian reporters, Canadian reporters, when will you learn to wake up and see that your reporting is slow.
coasterOH Champion Author Akron Posts:2,099 Points:376,385 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:41:41 AM Ignore coasterOH Report Abuse Pump prices can't keep falling if crude prices are rising again, and OPEC is dropping production as well. What was the closing price of crude yesterday?
Egaser Veteran Author Atlanta Posts:470 Points:367,310 Joined:Apr 2006	Message Posted: Aug 21, 2008 9:40:42 AM Ignore Egaser Report Abuse Which is it up or down ? I can`t remember anymore.
KopterDoctor Veteran Author Alabama Posts:318 Points:54,045 Joined:May 2008	Message Posted: Aug 21, 2008 9:39:57 AM Ignore KopterDoctor Report Abuse Still too high and I suspect it will go back up.
Bruno44 Champion Author Texas Posts:1,963 Points:623,880 Joined:Sep 2007	Message Posted: Aug 21, 2008 9:36:49 AM Ignore Bruno44 Report Abuse In Lubbock, TX, 40 miles from us, the prices are in $3.40s, but "Greed Masters" are keeping prices at least .20 here in Post.
markmoore80 All-Star Author North Carolina Posts:907 Points:302,775 Joined:Apr 2004	Message Posted: Aug 21, 2008 9:35:50 AM Ignore markmoore80 Report Abuse Yesterday? Nothing new to report today?
WillyG Champion Author Cincinnati Posts:1,891 Points:567,710 Joined:Aug 2005	Message Posted: Aug 21, 2008 9:34:23 AM Ignore WillyG Report Abuse Don't get used to it. Labor Day is right around the corner.
eaglev Champion Author Oklahoma City Posts:2,223 Points:577,890 Joined:Jul 2005	Message Posted: Aug 21, 2008 9:33:44 AM Ignore eaglev Report Abuse Our ave will hover around 3 before it stabilizes.
cardjcsk Champion Author Toronto Posts:1,852 Points:770,255 Joined:Feb 2007	Message Posted: Aug 21, 2008 9:33:34 AM Ignore cardjcsk Report Abuse TO high at the pumps
falconmb Champion Author Austin Posts:14,782 Points:612,320 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:32:44 AM Ignore falconmb Report Abuse still very high
AC-302 Champion Author Los Angeles Posts:12,279 Points:1,671,415 Joined:Aug 2004	Message Posted: Aug 21, 2008 9:31:48 AM Ignore AC-302 Report Abuse CND $1.272/L = USD $4.73/gal That's still high...
hooky Champion Author Michigan Posts:12,254 Points:1,173,070 Joined:Sep 2005	Message Posted: Aug 21, 2008 9:30:46 AM Ignore hooky Report Abuse DUH!
mrpc90 Champion Author Illinois Posts:1,719 Points:675,845 Joined:Dec 2004	Message Posted: Aug 21, 2008 9:30:37 AM Ignore mrpc90 Report Abuse Down 40 cents, another $1.50 to go.
rnb1954 Rookie Author Illinois Posts:52 Points:112,690 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:28:57 AM Ignore rnb1954 Report Abuse Hang in there Labor day is coming prices shall jump all of a sudden and then creep slowly down again.
valeriehire All-Star Author San Bernardino Posts:522 Points:149,475 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:27:01 AM Ignore valeriehire Report Abuse Prices are falling... but we havent changed our consumption habits. As soon as prices fell below $4 here, all the gas-gizzling, super big pick up trucks came out on the road again.
cudatim Champion Author San Antonio Posts:1,330 Points:599,385 Joined:Jan 2007	Message Posted: Aug 21, 2008 9:23:12 AM Ignore cudatim Report Abuse The more the better.
CatbirdWoman All-Star Author Ohio Posts:840 Points:427,730 Joined:Jan 2007	Message Posted: Aug 21, 2008 9:23:09 AM Ignore CatbirdWoman Report Abuse It's 3.49 here right now. But it's still a dollar too much! But I am glad it's down some.
rogerparry Champion Author Florida Posts:3,158 Points:651,630 Joined:Jan 2008	Message Posted: Aug 21, 2008 9:22:22 AM Ignore rogerparry Report Abuse Keep the prices coming down.
kanmandoo Champion Author Detroit Posts:1,349 Points:1,132,875 Joined:Jun 2005	Message Posted: Aug 21, 2008 9:21:05 AM Ignore kanmandoo Report Abuse thats about the same decline as in the US.
Retowered Champion Author Colorado Posts:2,831 Points:1,442,990 Joined:May 2004	Message Posted: Aug 21, 2008 9:20:40 AM Ignore Retowered Report Abuse We have not yet seen it come down here.
bell05 Champion Author Atlanta Posts:2,927 Points:617,405 Joined:Jun 2005	Message Posted: Aug 21, 2008 9:18:57 AM Ignore bell05 Report Abuse Lowest in Ga $3.29. Around Atl. in the '50s. Mostly in Ga. in the '40s. We just cain't stop ccutting back and the alternatives.
mooneagle Champion Author Oklahoma City Posts:2,340 Points:496,265 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:18:23 AM Ignore mooneagle Report Abuse philmiami, and where will the Corporations get the $$ to pay the higher taxes when obama cuts muddle class taxes? Duh, higher prices on goods and services. watch wall street take a nose dive, along with our pension funds if eithe party controls both the congress and white house. its a historical fact dude, and it will happen again.
EagleEye16 Champion Author Nova Scotia Posts:2,948 Points:495,505 Joined:Jun 2007	Message Posted: Aug 21, 2008 9:17:39 AM Ignore EagleEye16 Report Abuse Good to see this downward trend continue.
star_deceiver Champion Author British Columbia Posts:2,302 Points:468,390 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:17:15 AM Ignore star_deceiver Report Abuse Where??? Not here.
bowler48226 Champion Author Detroit Posts:1,721 Points:459,410 Joined:Sep 2007	Message Posted: Aug 21, 2008 9:15:31 AM Ignore bowler48226 Report Abuse Not falling fast enough though.
HybridPete Champion Author Detroit Posts:3,160 Points:611,245 Joined:Jan 2008	Message Posted: Aug 21, 2008 9:15:10 AM Ignore HybridPete Report Abuse Bout' time!
RC_RACER Champion Author Tacoma Posts:2,924 Points:566,530 Joined:Jun 2004	Message Posted: Aug 21, 2008 9:12:39 AM Ignore RC_RACER Report Abuse I am going to keep the conserving lessons I have learned and continue to look for more ways to save.
china211 Veteran Author Long Island Posts:497 Points:84,400 Joined:May 2008	Message Posted: Aug 21, 2008 9:10:25 AM Ignore china211 Report Abuse That is good for us!!!!
owatonnajeep Champion Author Minnesota Posts:3,125 Points:625,195 Joined:Nov 2007	Message Posted: Aug 21, 2008 9:10:16 AM Ignore owatonnajeep Report Abuse yes, yes it has...
unclebobMO Veteran Author Missouri Posts:266 Points:188,355 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:09:23 AM Ignore unclebobMO Report Abuse Keep going
lucky69 Champion Author Austin Posts:1,240 Points:418,285 Joined:May 2008	Message Posted: Aug 21, 2008 9:09:16 AM Ignore lucky69 Report Abuse Prices need to fall, its causing airlines to close and changes availability, public buses to strike and general people don't travel near as much any more.
Chitowner Champion Author Omaha Posts:1,376 Points:406,565 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:06:48 AM Ignore Chitowner Report Abuse North Americans have changed their driving habits and are not driving at the drop of a hat. We are analyzing our driving trips to combime and save fuel.
jeep2003 Veteran Author New York Posts:251 Points:245,250 Joined:May 2008	Message Posted: Aug 21, 2008 9:06:32 AM Ignore jeep2003 Report Abuse I just look at the signs as I am driving and that tells me the price is going down. But Minnesota is seeing better prices then NY State. We are at 3.65 for reg but the diesel is still 4.57 down from 5.97. Price of food and other items will just keep going up.
Matts_Pap Champion Author Pennsylvania Posts:3,136 Points:546,815 Joined:Feb 2008	Message Posted: Aug 21, 2008 9:04:03 AM Ignore Matts_Pap Report Abuse Anything can happen, and it probably will.
FawltyPawl Champion Author North Carolina Posts:1,235 Points:202,480 Joined:Jul 2008	Message Posted: Aug 21, 2008 9:02:42 AM Ignore FawltyPawl Report Abuse Did we all have to wait for the "weekly report" to confirm this mere pitance of a drop?