GasBuddy News Article

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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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Matts_Pap Champion Author Pennsylvania Posts:4,573 Points:829,765 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?
RochBear Champion Author Minnesota Posts:5,527 Points:1,047,215 Joined:May 2006	Message Posted: Aug 21, 2008 9:01:03 AM Ignore RochBear Report Abuse Gas has come down a few pennies (now down to $3.50) but diesel has come down quite a bit, down to $4.07 from a high of 4.89. That should help the price of groceries.
chas_commuter All-Star Author South Carolina Posts:833 Points:227,070 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:00:12 AM Ignore chas_commuter Report Abuse Somewhere Homer Simpson is shouting "Woo hoo!"
Toppers Champion Author Atlanta Posts:4,097 Points:1,498,140 Joined:Mar 2005	Message Posted: Aug 21, 2008 8:59:44 AM Ignore Toppers Report Abuse Guess they haven't seen the previous posts!
DFleming All-Star Author Alberta Posts:500 Points:105,445 Joined:May 2008	Message Posted: Aug 21, 2008 8:59:22 AM Ignore DFleming Report Abuse It's the trickle down effect
timwil Champion Author Arkansas Posts:3,238 Points:640,315 Joined:May 2007	Message Posted: Aug 21, 2008 8:58:33 AM Ignore timwil Report Abuse great
Gas_Buzzer Champion Author South Carolina Posts:9,464 Points:1,699,080 Joined:Sep 2005	Message Posted: Aug 21, 2008 8:55:40 AM Ignore Gas_Buzzer Report Abuse I don't live in Canada.
oncotime Champion Author Milwaukee Posts:12,567 Points:2,274,200 Joined:May 2003	Message Posted: Aug 21, 2008 8:55:21 AM Ignore oncotime Report Abuse fall faster
miatabill Champion Author St. Louis Posts:2,521 Points:242,165 Joined:Mar 2003	Message Posted: Aug 21, 2008 8:54:35 AM Ignore miatabill Report Abuse Way to go, prices.
rbdesigns All-Star Author Modesto Posts:523 Points:389,145 Joined:May 2008	Message Posted: Aug 21, 2008 8:54:29 AM Ignore rbdesigns Report Abuse Hurricane season is here, then the holidays, then spring....They always seemed to make reasons to keep prices up.
Zderf Champion Author Wichita Posts:3,164 Points:627,485 Joined:Jun 2008	Message Posted: Aug 21, 2008 8:53:52 AM Ignore Zderf Report Abuse All in unison here. Morning phone call to all stations. Drop it 2 cents. Ooops, next day oil rises $2/barrel... raise it 12 cents. We can't see to bust the $3.45 mark. But be sure, all city stations seem to raise and lower in unison... isn't there a law against that?
HockeyLady Champion Author New Jersey Posts:2,552 Points:1,492,835 Joined:Jun 2005	Message Posted: Aug 21, 2008 8:52:39 AM Ignore HockeyLady Report Abuse dropping in w. NJ too. YIPEE
Jayhorn Champion Author Fort Worth Posts:3,514 Points:1,227,990 Joined:Sep 2005	Message Posted: Aug 21, 2008 8:49:25 AM Ignore Jayhorn Report Abuse They're dropping like a rock here. Every day, I enter lower gas prices. When the prices were going up, it usually took a few days between increases.
canescommuter Champion Author Greensboro Posts:1,702 Points:378,595 Joined:Feb 2008	Message Posted: Aug 21, 2008 8:48:13 AM Ignore canescommuter Report Abuse Still way too high for ground sludge.
phatride92 Champion Author Kansas Posts:6,990 Points:1,577,635 Joined:Oct 2005	Message Posted: Aug 21, 2008 8:46:05 AM Ignore phatride92 Report Abuse drip drip down
tomok Champion Author Portland Posts:18,269 Points:1,363,135 Joined:Aug 2006	Message Posted: Aug 21, 2008 8:45:05 AM Ignore tomok Report Abuse Fuel prices are down but NOT 'falling!' Pump prices are taking their time going down but not as fast as they went up..... Fuel prices rise much faster then they go down!
acrider54 Champion Author British Columbia Posts:14,088 Points:2,527,835 Joined:Mar 2003	Message Posted: Aug 21, 2008 8:44:43 AM Ignore acrider54 Report Abuse Not in B.C they don't.
SaturnRay Champion Author Oklahoma City Posts:2,923 Points:591,215 Joined:Apr 2006	Message Posted: Aug 21, 2008 8:44:16 AM Ignore SaturnRay Report Abuse What an insightful report..
cableman31 Champion Author New York Posts:4,017 Points:1,065,855 Joined:May 2004	Message Posted: Aug 21, 2008 8:41:59 AM Ignore cableman31 Report Abuse Not fast enough.
Jizme Champion Author Lincoln Posts:4,903 Points:1,926,140 Joined:Oct 2004	Message Posted: Aug 21, 2008 8:38:56 AM Ignore Jizme Report Abuse Lets just hope that it will continue to drop.
greytdino Veteran Author Indiana Posts:491 Points:102,635 Joined:Sep 2005	Message Posted: Aug 21, 2008 8:37:01 AM Ignore greytdino Report Abuse Good for them.
danielle6181 All-Star Author Houston Posts:754 Points:403,890 Joined:Aug 2005	Message Posted: Aug 21, 2008 8:36:59 AM Ignore danielle6181 Report Abuse Yeah...and? They'll just go back up.
mhewer All-Star Author Detroit Posts:591 Points:303,500 Joined:Sep 2007	Message Posted: Aug 21, 2008 8:35:56 AM Ignore mhewer Report Abuse good
Zinnoil Champion Author Florida Posts:18,901 Points:2,139,725 Joined:May 2004	Message Posted: Aug 21, 2008 8:35:12 AM Ignore Zinnoil Report Abuse Good for Canada.
lindamay Champion Author Minnesota Posts:1,849 Points:409,335 Joined:Feb 2008	Message Posted: Aug 21, 2008 8:35:00 AM Ignore lindamay Report Abuse Keep right on falling.
tonycmd All-Star Author Maryland Posts:515 Points:129,830 Joined:Jun 2008	Message Posted: Aug 21, 2008 8:32:04 AM Ignore tonycmd Report Abuse Keep falling
PirateFan Champion Author Virginia Posts:3,830 Points:799,780 Joined:Sep 2004	Message Posted: Aug 21, 2008 8:31:27 AM Ignore PirateFan Report Abuse Keep conserving...
CoronaKid Champion Author Riverside Posts:8,709 Points:1,554,750 Joined:Mar 2005	Message Posted: Aug 21, 2008 8:31:18 AM Ignore CoronaKid Report Abuse Should be more
racerdj Champion Author Indianapolis Posts:4,890 Points:1,076,060 Joined:Jun 2003	Message Posted: Aug 21, 2008 8:27:06 AM Ignore racerdj Report Abuse Not as fast as they should be falling.
NeilPage Champion Author Baltimore Posts:1,417 Points:357,695 Joined:Nov 2005	Message Posted: Aug 21, 2008 8:27:06 AM Ignore NeilPage Report Abuse Attaway, Ottawa!
smwhite Champion Author Indiana Posts:4,807 Points:1,089,490 Joined:Jun 2007	Message Posted: Aug 21, 2008 8:26:20 AM Ignore smwhite Report Abuse Keep right on falling as far as I am concerned!
cv Champion Author Raleigh Posts:10,229 Points:2,285,180 Joined:Oct 2003	Message Posted: Aug 21, 2008 8:26:14 AM Ignore cv Report Abuse Yes they are falling ever so slow. I remember prices increasing 10 cents/gal in one day, but now only a cent or two day as it drops.
JPGKC Champion Author Tampa Posts:4,419 Points:821,825 Joined:Sep 2006	Message Posted: Aug 21, 2008 8:24:43 AM Ignore JPGKC Report Abuse Hope it keeps on falling.
bh1995 Champion Author Detroit Posts:1,200 Points:1,306,375 Joined:Jul 2005	Message Posted: Aug 21, 2008 8:22:56 AM Ignore bh1995 Report Abuse Great.
Litt211 Veteran Author St. Louis Posts:276 Points:988,000 Joined:Nov 2005	Message Posted: Aug 21, 2008 8:21:04 AM Ignore Litt211 Report Abuse keep falling
dougrusty All-Star Author Illinois Posts:711 Points:313,275 Joined:Mar 2008	Message Posted: Aug 21, 2008 8:19:52 AM Ignore dougrusty Report Abuse The oil companies already have all of my money. It has to fall so they can still squeeze the last few pennies left in my acct. otherwise I would have to walk.
texasbig8 Champion Author Dallas Posts:1,799 Points:391,440 Joined:Jul 2008	Message Posted: Aug 21, 2008 8:19:07 AM Ignore texasbig8 Report Abuse Not far enough down...
swepson All-Star Author Greensboro Posts:543 Points:599,830 Joined:Jul 2008	Message Posted: Aug 21, 2008 8:18:08 AM Ignore swepson Report Abuse With very low gasoline inventories, we’re one refinery accident away from another huge price run up.
Wildman14 Champion Author Virginia Posts:1,494 Points:416,025 Joined:Jul 2008	Message Posted: Aug 21, 2008 8:17:52 AM Ignore Wildman14 Report Abuse Let's keep it going!
GotAKidNCollege Sophomore Author Virginia Posts:101 Points:87,020 Joined:Apr 2008	Message Posted: Aug 21, 2008 8:17:16 AM Ignore GotAKidNCollege Report Abuse Don't see most people's wallets ever recovering from this mess!
Petesgas Rookie Author Madison Posts:35 Points:3,100 Joined:Aug 2008	Message Posted: Aug 21, 2008 8:16:20 AM Ignore Petesgas Report Abuse keep on falling babe! 1 down more to go!
bradkos Rookie Author Ohio Posts:94 Points:35,160 Joined:May 2008	Message Posted: Aug 21, 2008 8:15:22 AM Ignore bradkos Report Abuse Not as fast as I'd like them to, but keep dropping.
MNTraveler Sophomore Author Minnesota Posts:210 Points:78,360 Joined:Jul 2008	Message Posted: Aug 21, 2008 8:13:12 AM Ignore MNTraveler Report Abuse Keep falling
soccermomPA Sophomore Author Pittsburgh Posts:218 Points:71,870 Joined:Apr 2008	Message Posted: Aug 21, 2008 8:03:59 AM Ignore soccermomPA Report Abuse Keep it going
BeaverBilly Champion Author Alberta Posts:4,960 Points:1,571,735 Joined:Feb 2003	Message Posted: Aug 21, 2008 8:03:43 AM Ignore BeaverBilly Report Abuse So is my pocket book falling.
salog Champion Author Columbia Posts:3,515 Points:876,005 Joined:Oct 2006	Message Posted: Aug 21, 2008 8:03:31 AM Ignore salog Report Abuse not as fast as they were
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,012,760 Joined:Sep 2006	Message Posted: Aug 21, 2008 8:00:51 AM Ignore TeachR06 Report Abuse Glad to hear it's going down in Canada too. It's still expensive to drive there and with it so spread out, little mass transit to help unless you live on a metro line
tazdriver Champion Author Huntsville Posts:4,892 Points:1,177,500 Joined:Jan 2007	Message Posted: Aug 21, 2008 7:59:44 AM Ignore tazdriver Report Abuse Even with falling prices we have gas a dollar more than this time last year.
HAWKEYE9064 Rookie Author Miami Posts:2 Points:340 Joined:Aug 2008	Message Posted: Aug 21, 2008 7:59:24 AM Ignore HAWKEYE9064 Report Abuse What difference does it matter when the BIG OIL GIANTS have full control over oil pricing.
mahenv7 Champion Author Toronto Posts:1,950 Points:391,475 Joined:Oct 2004	Message Posted: Aug 21, 2008 7:59:07 AM Ignore mahenv7 Report Abuse temporary fall...
bug27 Champion Author Kentucky Posts:21,338 Points:1,813,695 Joined:Apr 2005	Message Posted: Aug 21, 2008 7:58:07 AM Ignore bug27 Report Abuse Falling so much slower than they went up - sometimes 20¢ per day.