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by ronhoon from Fox 10 in Phoenix

Last Post 8 days Ago


WHERE THEY'RE PAYING $3.35 A GALLON
Jul 28, 2008 | 11:43 AM
Category: Traffic
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The headlines blare than gas prices are down a dime in the last two weeks.  Big deal!  The price of oil has dropped from $147 a barrel to $123 a barrel.  That's close to a 15% decline.  Doing the quick math, that means the price of gas should have gone from $4.05 a gallon in Arizona to $3.45. 

Ah, but it takes a while for the price drops to be passed through, some might say.  If that's true, why were we seeing nearly instantaneous increases at the pump here in AZ when the oil price would go up that same day? 

Maybe you saw on our show where I quoted prices from other places around the country.  Rick's hometown of Euclid, Ohio is as low as $3.79.  Alexis and my hometowns (Sacramento and Wenatchee) are higher...at 4 bucks and up.  But there are several places now where has gas has already fallen to $3.60 or less.  By mid-morning on Monday, gas in Oklahoma City was down to $3.35 a gallon!    At that rate, they'll be $2.99 a gallon before we even get back down to $3.50.

Being next to California, which pays about the highest in the country, hurts us a lot, since we get so much of our gas from them.  But we're not that far from Texas, and I just saw $3.49 a gallon there...let alone those Oklahoma prices.  

So while it's a little good news in Arizona...it could sure be better.

 

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Member Comments Total Comments: 10
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thebritishchick read my blog view my photos
Jul 28, 2008 | 10:55 PM

I agree Ron, its just amazes me that prices can fly up and yet creep down, and annoys me to say the least!! But its like anything if someone wants your money they want it yesterday and heaven forbid if you dont pay in time, yet when its time to give it back you have to fight and wait and wait!!! grrrrr!!
WD73
Jul 30, 2008 | 8:40 AM

Ron, they're just getting us used to these prices. You notice, they NEVER drop as low as they USED to be.

Five years ago, $2 a gallon was an outrage. Now it's the answer to our prayers?

It's still an outrage. But it galls me that they think we're this stupid. Soon we'll be happily paying $7/gal. - and think we're getting a deal. People need to wake up...
Call2Glory read my blog
Jul 30, 2008 | 1:06 PM

I heard the reason the price decends so slow at the pumps is because the Fill stations are trying to recover their losses.

What losses, I ask?

I just hope people dont settle for 3.50 as the norm and resume driving again. The arabs will think it's ok with us and lock us in at the higher rate.

It is not ok with us and it wont be ok until we see a 2 at the pumps again or until America figures out a way to reduce our dependancy on foreign oil altogether.
JamminJames view my photos
Jul 31, 2008 | 7:48 PM

I just don't get it. How can Exxon Mobil BOAST about record high proffits when the rest of us are doing our best to survive? I think if everyone gets together and boycots forign oil then you will see the price fall back to reasonable prices.
DMG2FUN read my blog
Aug 1, 2008 | 9:17 AM

Boycotting foreign oil or any oil is not going to correct the problem. The main cause of high gas prices are the leftist aka progressive epa laws that force production cost up.
retnjcop read my blog
Aug 4, 2008 | 7:12 AM

The Costco at Cave Creek & Beardsley Roads is down to 3.65
stushemi
Aug 9, 2008 | 4:00 AM

Ron we out here in Attica N.Y. are paying $4.27 per gallon .Why cant the gov. get involved in thst as they have with everything else and stop the gas hike .They have to make t.v. the most important and everything goes digital ,Witch I think is a bunch of b.s. thanks for letting me get this out of my system
msnobx read my blog
Sep 17, 2008 | 1:36 AM

Just to update this blog. Oil is at 94$ a barrel and I got gas at costco today for 3.33. Last week I paid 3.54. So it's a little better, but not what it could be.
Sword_of_Justice read my blog
Sep 28, 2008 | 9:54 AM

As of 9/26, gas is $3.27 at the Arco at 32nd St and Cactus as well as the one at Bell Road at the SQUAW PEAK Freeway.
thebritishchick read my blog view my photos
Oct 1, 2008 | 12:02 PM

Last week I paid $2.98 a gallon at Safeway, that was because of the savings with my club card, but hey I am ok with that price.
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ronhoon

I anchor Fox 10 Arizona Morning 5-9 AM. I am a Dad of three great kids who at 27, 23, and 20 are all grown up now. Our family lives in Mesa. I love reading to Valley school kids, and am also involved in the fight against diabetes. I've been on the air in Phoenix for nearly 27 years.

Member Since: 9/1/2006


 

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