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-Signs, Portents, and the Weather-
Gas Prices Decline
2007-05-24
Eyewitness Report:
It may be only a local development, and it may only affect Shell/Motiva stations, but gasoline prices have actually declined. One station hit a peak of $3.02 for regular, and dropped to just under $3; another station a few blocks away peaked at $3.13, dropped to $3.09, and just now dropped again to $3.02.
Posted by:Glenmore

#5  Exxon/Mobil station on my way home charging $3.79 for regular. This morning it was $3.59 The only thing dropping here in Chicago is the future of our economy.
Posted by: Pearl Gretch4271   2007-05-24 22:56  

#4  Mike,
I don't give Congress that much credit. I think it more likely that Congress sees prices are cresting, then makes lots of noise so they can claim credit for bringing them down. I don't trust Big Oil (or Big Business of any kind), but I REALLY don't trust Big Government.
Posted by: Glenmore   2007-05-24 22:10  

#3  ...A local independent station was at $2.99, dropped to $2.98, and then today went down to $2.89 - and they tend to be a harbinger of prices to come.
Give Congress this - every time they actively start talking about investigating gas prices, they tend to slack off a bit.

Mike
Posted by: Mike Kozlowski   2007-05-24 21:17  

#2  BP is 3.04 here Down from 3.09 a week ago.
Posted by: Deacon Blues   2007-05-24 20:23  

#1  The Valero station on Semmes Ave. in Richmond just West of Rt. 1 has been $2.99 for close to two weeks, even as the other stations (including other Valeros and Wawa) have gone to $3.01-$3.03. ("Brand" names, such as Exxon, are higher.) I drive by it every day to & from work, and have been expecting to go up; guess their tank hasn't run dry yet, though I don't know why. I've certainly done my part to empty it.

The difference between $2.99 & $3.03 isn't enough to go out of your way for, but since I'm passing the station on the way home....
Posted by: Barbara Skolaut   2007-05-24 20:03  

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