Monday, September 26, 2011

Gas Falls Below $3 per Gallon in Michigan

Source: Michigan gas prices

10 Comments:

At 9/26/2011 9:07 AM, Blogger Ironman said...

And the average national price of gasoline has finally fallen below $3.55 per gallon. We'll soon be taking down the "Good morning, White House Staffer" feature we've been running at the top of our site for months now!

 
At 9/26/2011 9:52 AM, Blogger Eric H said...

Why $3.55? Regular unleaded was $1.46 when Obama was elected.

It's fallen in Michigan to ONLY a 100% increase.

 
At 9/26/2011 11:02 AM, Blogger Michael Hoff said...

Holy crap. I paid $3.63 a gallon in Pittsburgh.

 
At 9/26/2011 12:41 PM, Blogger juandos said...

"I paid $3.63 a gallon in Pittsburgh"...

Any idea of how much of that price was state & local taxes michael hoff?

Locally here in St. Louis county, Mo. its now $2.91/gal as of a couple of hours ago...

 
At 9/26/2011 12:59 PM, Blogger Ironman said...

Eric H: Why $3.55? Because for 2011, that's the level above which the rate of improvement in the U.S. employment situation would be affected. In this case, the spike in oil prices this past spring triggered a spike in layoffs, the numbers of which have since almost flattened out at an elevated level.

 
At 9/26/2011 3:54 PM, Blogger Eric H said...

From the same source Mark linked to, average price in Michigan one year ago was $2.70. Still over a 10% increase at the new "low".

The BLS and Bernanke are off by a factor of 5 with their 2.1% inflation rate.

 
At 9/26/2011 7:31 PM, Blogger Craig said...

Wow. Still over $3.80 in upstate, western New York. I demand that Senator Schumer conduct an investigation!

 
At 9/26/2011 8:03 PM, Blogger GlibFighter said...

Does Prof. Perry mean to cheer this 'good news' in Michigan? The price of gas is 'so low,' ceteris paribus, because economic growth is so low. How wonderful the state of the economy is.

 
At 9/28/2011 12:42 AM, Blogger Brendan said...

Gas here in Vancouver, Canada
$1.37 ... per LITRE
= $5.19 per US gallon
$CDN roughly par with $US right now

 
At 9/28/2011 8:26 PM, Blogger VangelV said...

How wonderful. Demand is contracting because real economic activity is declining again. I guess all those companies hoping to make a lot of money shale liquids will not see the profits they expected just as they didn't when they were hyping shale gas.

 

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