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U.S. gas prices fall, expected to stay steady

CNN -- U.S. gasoline prices have decreased a little more than 7 cents per gallon in the past two weeks, and lower demand in September is expected to keep prices steady, according to a new nationwide survey.

The latest Lundberg Survey, conducted on August 27, found the average price of self-serve regular at $2.70 per gallon -- down 7.54 cents since the last survey, conducted two weeks before.

Survey publisher Trilby Lundberg said gas prices were catching up to a decrease in crude prices.

"Absent any upset in the price of crude, (gasoline) prices should see little change or even a small drop," Lundberg told CNN.

There is a plentiful supply of gas, and September marks the beginning of a traditional period of lower gas consumption that should keep prices steady,

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Submitted Aug 30, 2010 By: BurntOrange

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EVBuddy Champion Author Nevada Posts:14,343 Points:2,569,615 Joined:Sep 2004	Message Posted: Aug 31, 2010 11:04:53 PM Ignore EVBuddy Report Abuse Still going down here.
Martinman Champion Author Mississippi Posts:11,765 Points:1,660,245 Joined:Sep 2005	Message Posted: Aug 31, 2010 8:30:44 PM Ignore Martinman Report Abuse Really? Then why did they jump nearly 30-cents per gallon this morning in St. Louis Missouri?
Army2310 Rookie Author Arizona Posts:54 Points:995,010 Joined:Nov 2008	Message Posted: Aug 31, 2010 10:21:27 AM Ignore Army2310 Report Abuse Very interesting.
honda0105 Champion Author Tallahassee Posts:15,272 Points:1,143,275 Joined:Nov 2008	Message Posted: Aug 31, 2010 7:25:16 AM Ignore honda0105 Report Abuse hmmm... fall you say... errr.. maybe the season. No falling prices here. In fact, my icon says "RISING" prices as I type.
Bonanza Champion Author Boston Posts:9,300 Points:2,087,030 Joined:Jun 2004	Message Posted: Aug 31, 2010 5:24:36 AM Ignore Bonanza Report Abuse Let's see what happens to gasoline prices at the pump on Labor Day weekend
Bezalel Champion Author Oklahoma City Posts:9,768 Points:1,829,555 Joined:Oct 2006	Message Posted: Aug 31, 2010 3:12:08 AM Ignore Bezalel Report Abuse No drops at many places here.
ScottE Champion Author Los Angeles Posts:4,171 Points:1,819,930 Joined:May 2002	Message Posted: Aug 31, 2010 2:48:53 AM Ignore ScottE Report Abuse Barely can stay at 2.87 here in So. (L.A. County) Calif. Just not fair. The employers are running for other states and the Crims who stay are wreaking havoc with the paroled convicts being relaesed in record #'s. Like the double entendra " "/govt. officials??
RyanMad2 Rookie Author St. Louis Posts:31 Points:185,200 Joined:Sep 2006	Message Posted: Aug 31, 2010 1:09:38 AM Ignore RyanMad2 Report Abuse we are down to 2.32 a gallon here in MO.
NotmeuQc Champion Author Montreal Posts:3,315 Points:669,920 Joined:Apr 2009	Message Posted: Aug 31, 2010 1:08:51 AM Ignore NotmeuQc Report Abuse just jumped 10 cents a litre here. It's now running at $4.18/ US gal. [Edited by: NotmeuQc at 8/31/2010 1:11:05 AM EST]
vulcan96 Champion Author Ohio Posts:21,174 Points:2,640,570 Joined:Aug 2004	Message Posted: Aug 31, 2010 1:07:26 AM Ignore vulcan96 Report Abuse these surveys never reflect prices in my local area.
traindude Champion Author Virginia Beach Posts:5,615 Points:1,245,500 Joined:Jun 2007	Message Posted: Aug 31, 2010 1:00:13 AM Ignore traindude Report Abuse jumped a nickel here in VA this morning
TBONE3 Champion Author Pennsylvania Posts:6,393 Points:1,511,720 Joined:Mar 2005	Message Posted: Aug 31, 2010 12:58:49 AM Ignore TBONE3 Report Abuse OK now let me see if I can get this - plentiful supply of gas - oil prices have been and still are falling - gas may drop a few pennies then level off, When does the retail price finally equal the percentage of drop in crude oil prices? It never seems to happen!
Toppers Champion Author Atlanta Posts:6,673 Points:2,007,225 Joined:Mar 2005	Message Posted: Aug 31, 2010 12:51:25 AM Ignore Toppers Report Abuse Neutral N the ATL...
camel1 Champion Author Minnesota Posts:6,050 Points:1,816,515 Joined:Jul 2006	Message Posted: Aug 31, 2010 12:47:32 AM Ignore camel1 Report Abuse Price dropping more sounds like the correct statement.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Aug 31, 2010 12:42:01 AM Ignore CobraLeader Report Abuse ... Why steady? Price per barrel has decreased MORE than price per gallon! ...
Rageagainsttm Champion Author Tampa Posts:6,014 Points:1,448,170 Joined:Jul 2007	Message Posted: Aug 31, 2010 12:41:47 AM Ignore Rageagainsttm Report Abuse I would rather hear that prices will drop.
kyrunner Champion Author Lexington Posts:6,600 Points:1,234,140 Joined:Aug 2008	Message Posted: Aug 31, 2010 12:37:31 AM Ignore kyrunner Report Abuse Here gas went UP by $0.10 cents on Friday in central Ky and have dropped on average $0.02 cents since. I can't believe gas prices remain high with summer driving season ending and the country still experiencing extremely high unemployment.
danreino Champion Author Twin Cities Posts:6,282 Points:1,144,245 Joined:Mar 2008	Message Posted: Aug 31, 2010 12:36:01 AM Ignore danreino Report Abuse As the water receded it also rose at the same time........
Huskersed All-Star Author Atlanta Posts:703 Points:337,950 Joined:Nov 2008	Message Posted: Aug 31, 2010 12:35:41 AM Ignore Huskersed Report Abuse They should go down after labor day weekend
TRAIN RIDER Champion Author San Bernardino Posts:6,773 Points:2,299,960 Joined:Oct 2004	Message Posted: Aug 31, 2010 12:35:03 AM Ignore TRAIN RIDER Report Abuse I WILL BELIEVE IT WHEN I SEE IT.
joel27nc Champion Author Raleigh Posts:8,162 Points:1,393,420 Joined:Mar 2008	Message Posted: Aug 31, 2010 12:33:36 AM Ignore joel27nc Report Abuse Speculation is speculation, regardless of who is speculating
granitestater Champion Author New Hampshire Posts:6,319 Points:1,019,445 Joined:Oct 2008	Message Posted: Aug 31, 2010 12:31:40 AM Ignore granitestater Report Abuse The sept. back-to-school period usually is a low-travel time.
faulkc05 All-Star Author Atlanta Posts:562 Points:193,540 Joined:Jun 2008	Message Posted: Aug 31, 2010 12:30:51 AM Ignore faulkc05 Report Abuse Gas prices are dropping around here 1 cent per gallon per week.
stcoesda2 Champion Author Illinois Posts:9,305 Points:2,141,925 Joined:Aug 2005	Message Posted: Aug 31, 2010 12:26:11 AM Ignore stcoesda2 Report Abuse Yeah and our gas went up 12 cents this noon
us4usa Champion Author Missouri Posts:3,826 Points:681,300 Joined:May 2008	Message Posted: Aug 31, 2010 12:22:42 AM Ignore us4usa Report Abuse Still $2.35 a gallon in town today.
leemun Champion Author Utah Posts:3,030 Points:581,815 Joined:May 2010	Message Posted: Aug 31, 2010 12:20:49 AM Ignore leemun Report Abuse By us most are $2.85, trending into the low .90s.
1cheapgasin Champion Author Indianapolis Posts:3,145 Points:744,590 Joined:Jul 2009	Message Posted: Aug 31, 2010 12:18:59 AM Ignore 1cheapgasin Report Abuse $2.43-$2.89 in the Indy area- why the big range?
JoeKR Champion Author New Jersey Posts:7,253 Points:1,416,465 Joined:Feb 2006	Message Posted: Aug 31, 2010 12:17:59 AM Ignore JoeKR Report Abuse There will probably be a jump to get in the last minute Labor Day gouge!
biza4u Champion Author New Haven Posts:6,182 Points:1,165,935 Joined:Jan 2007	Message Posted: Aug 31, 2010 12:17:54 AM Ignore biza4u Report Abuse Its down quite a bit here in COnn. I'll be headed south at the end of the month so loolking forward to even cheaper prices
tedjm1 Champion Author New York Posts:3,545 Points:390,660 Joined:Dec 2006	Message Posted: Aug 31, 2010 12:17:32 AM Ignore tedjm1 Report Abuse NYC is higher than that.
LoneGuy Champion Author Lansing Posts:6,153 Points:1,857,755 Joined:Aug 2005	Message Posted: Aug 31, 2010 12:16:59 AM Ignore LoneGuy Report Abuse I will make a trip to northern Michigan in the next month. I hope the fuel stays low. I will be hauling with my van, not the most efficient means, but I need to get some stuff to Marquette. I still hope for 23 mpg with my Olds (obsolete) Silhouette.
JohnofGB Champion Author Flint Posts:3,080 Points:632,295 Joined:Feb 2010	Message Posted: Aug 31, 2010 12:15:14 AM Ignore JohnofGB Report Abuse Not around here. The dominant player in gas stations , Speedway, raises prices and most of the sheep follow.
TIGERPAW46 Champion Author Florida Posts:5,158 Points:965,885 Joined:Mar 2004	Message Posted: Aug 31, 2010 12:13:45 AM Ignore TIGERPAW46 Report Abuse Oil should stay below $60 a brl, for the near future. There is adequate profit @ $50--$60/brl and reasonable rates at that level.
Blue_Cruzer Champion Author Lexington Posts:5,157 Points:1,203,700 Joined:Mar 2007	Message Posted: Aug 31, 2010 12:13:10 AM Ignore Blue_Cruzer Report Abuse So why the jump in pricing of 20 cents a gallon around here?
ElvisHounddog Champion Author Columbus Posts:55,000 Points:1,000,000 Joined:Sep 2007	Message Posted: Aug 31, 2010 12:13:03 AM Ignore ElvisHounddog Report Abuse Chicago RBOB wholesale gasoline price actually went up Monday to $2.00 a gallon.
DosEquis26 Champion Author Chicago Posts:3,765 Points:1,543,485 Joined:Jun 2006	Message Posted: Aug 31, 2010 12:12:51 AM Ignore DosEquis26 Report Abuse Prices expected to be jacked up for Labor Day weekend as retail gas stations attempt to once again "rip off" the American consumer. Substitute your own word or phrase for"rip off". They have already started in Bloomington-Normal, Illinois, jacking up their prices 20 cents in the past 24 hours for no apparent reason.
DrLyon Champion Author Michigan Posts:4,454 Points:754,110 Joined:May 2006	Message Posted: Aug 31, 2010 12:11:44 AM Ignore DrLyon Report Abuse Big oil too much profit... At the gas pump too much price...
PaylessKY Champion Author Kentucky Posts:6,110 Points:1,124,450 Joined:Oct 2008	Message Posted: Aug 31, 2010 12:11:26 AM Ignore PaylessKY Report Abuse In the past week gas prices went up in my area.
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Aug 31, 2010 12:11:18 AM Ignore Scotty99QC Report Abuse Please stop putting lowering price fuel , it feels like a slap in the face. Wait until a whole dollar is shaved off.
Jeff4U Champion Author Atlanta Posts:5,971 Points:1,386,645 Joined:Nov 2004	Message Posted: Aug 31, 2010 12:10:28 AM Ignore Jeff4U Report Abuse What color is CNN's crystal ball? CNN has about as much ability to forecast gas prices as my cat. Prices will be whatever they'll be, and we will pay the piper. ssect8: we are aware of speculation and there's not a damn thing we can do about it. Do you have a solution? [Edited by: Jeff4U at 8/31/2010 12:12:03 AM EST]
ssect8 Champion Author Hartford Posts:5,619 Points:1,664,680 Joined:Jun 2006	Message Posted: Aug 31, 2010 12:09:59 AM Ignore ssect8 Report Abuse When will people wake up to the fact that oil prices are NOT determined by supply and demand but rather greed and speculation.
Edtx2009 Champion Author Houston Posts:1,847 Points:366,325 Joined:Jun 2009	Message Posted: Aug 31, 2010 12:09:52 AM Ignore Edtx2009 Report Abuse I am with bubba4612. Sounds good and reasonable.
Bubba44612 Champion Author Ohio Posts:5,188 Points:1,422,045 Joined:Aug 2005	Message Posted: Aug 31, 2010 12:07:38 AM Ignore Bubba44612 Report Abuse Crude should be $20 a barrel and gas at $1.50 a gal. We are getting screwed for the mess in the gulf.
Buddy2264 Champion Author Tampa Posts:9,263 Points:1,894,515 Joined:Oct 2005	Message Posted: Aug 31, 2010 12:07:17 AM Ignore Buddy2264 Report Abuse Let's see what happens as these storms move up the east coast. But they are beginning to realize that we are not using as much fuel, and they have to find a way to rid of their inventory. Conservation keeps your money in your pocket.
Bigwaynef Champion Author South Carolina Posts:7,665 Points:1,614,935 Joined:Dec 2006	Message Posted: Aug 31, 2010 12:03:59 AM Ignore Bigwaynef Report Abuse Prices jumped (UP) here at least 10 cents over the last 2 days...
jrsva Champion Author Virginia Posts:7,149 Points:1,147,075 Joined:Jan 2006	Message Posted: Aug 31, 2010 12:00:16 AM Ignore jrsva Report Abuse FastAndy, you're in Speedway Country. That trumps everything else.
HiGramma Champion Author Michigan Posts:1,789 Points:369,330 Joined:Oct 2008	Message Posted: Aug 30, 2010 11:57:48 PM Ignore HiGramma Report Abuse and now with the refinery troubles in the Chicago area, we here in the Great Lakes get to look forward to 10¢-20¢ higher in just a few hours.... guess I should have topped it off when I was out earlier today, even tho I'm barely down
FastAndy Champion Author Indianapolis Posts:4,406 Points:1,577,575 Joined:Jun 2007	Message Posted: Aug 30, 2010 11:55:54 PM Ignore FastAndy Report Abuse The prices just went up 20 cents a gallon here, when will they really go down.
DrCashFlow Champion Author Massachusetts Posts:4,785 Points:1,170,605 Joined:Jun 2008	Message Posted: Aug 30, 2010 11:55:26 PM Ignore DrCashFlow Report Abuse prices should drop a lot further .. whether they will is something else altogether.
TIGERPAW46 Champion Author Florida Posts:5,158 Points:965,885 Joined:Mar 2004	Message Posted: Aug 30, 2010 11:50:07 PM Ignore TIGERPAW46 Report Abuse if the stock market keeps dropping proving the economy is still going down then gas should keep dropping. Unfortunately in todays society that will also probably decrease the value of the American Dollar which will make the cost in US dollars increase. Can't win with their logic.