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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:14,353 Points:2,572,315 Joined:Sep 2004	Message Posted: Aug 31, 2010 10:04:53 PM Ignore EVBuddy Report Abuse Still going down here.
Martinman Champion Author Mississippi Posts:11,848 Points:1,662,420 Joined:Sep 2005	Message Posted: Aug 31, 2010 7:30:44 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:997,635 Joined:Nov 2008	Message Posted: Aug 31, 2010 9:21:27 AM Ignore Army2310 Report Abuse Very interesting.
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Aug 31, 2010 6:25:16 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:9,318 Points:2,089,955 Joined:Jun 2004	Message Posted: Aug 31, 2010 4:24:36 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:9,778 Points:1,832,305 Joined:Oct 2006	Message Posted: Aug 31, 2010 2:12:08 AM Ignore Bezalel Report Abuse No drops at many places here.
ScottE Champion Author Los Angeles Posts:4,172 Points:1,821,700 Joined:May 2002	Message Posted: Aug 31, 2010 1:48:53 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:185,800 Joined:Sep 2006	Message Posted: Aug 31, 2010 12:09:38 AM Ignore RyanMad2 Report Abuse we are down to 2.32 a gallon here in MO.
NotmeuQc Champion Author Montreal Posts:3,330 Points:672,845 Joined:Apr 2009	Message Posted: Aug 31, 2010 12:08:51 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:21,195 Points:2,643,495 Joined:Aug 2004	Message Posted: Aug 31, 2010 12:07:26 AM Ignore vulcan96 Report Abuse these surveys never reflect prices in my local area.
traindude Champion Author Virginia Beach Posts:5,615 Points:1,246,100 Joined:Jun 2007	Message Posted: Aug 31, 2010 12:00:13 AM Ignore traindude Report Abuse jumped a nickel here in VA this morning
TBONE3 Champion Author Pennsylvania Posts:6,408 Points:1,514,645 Joined:Mar 2005	Message Posted: Aug 30, 2010 11:58:49 PM 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:6,678 Points:2,009,700 Joined:Mar 2005	Message Posted: Aug 30, 2010 11:51:25 PM Ignore Toppers Report Abuse Neutral N the ATL...
camel1 Champion Author Minnesota Posts:6,065 Points:1,819,440 Joined:Jul 2006	Message Posted: Aug 30, 2010 11:47:32 PM 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 30, 2010 11:42:01 PM Ignore CobraLeader Report Abuse ... Why steady? Price per barrel has decreased MORE than price per gallon! ...
Rageagainsttm Champion Author Tampa Posts:6,029 Points:1,451,095 Joined:Jul 2007	Message Posted: Aug 30, 2010 11:41:47 PM Ignore Rageagainsttm Report Abuse I would rather hear that prices will drop.
kyrunner Champion Author Lexington Posts:6,610 Points:1,236,115 Joined:Aug 2008	Message Posted: Aug 30, 2010 11:37:31 PM 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:6,297 Points:1,147,190 Joined:Mar 2008	Message Posted: Aug 30, 2010 11:36:01 PM 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 30, 2010 11:35:41 PM Ignore Huskersed Report Abuse They should go down after labor day weekend
TRAIN RIDER Champion Author San Bernardino Posts:6,788 Points:2,302,885 Joined:Oct 2004	Message Posted: Aug 30, 2010 11:35:03 PM Ignore TRAIN RIDER Report Abuse I WILL BELIEVE IT WHEN I SEE IT.
joel27nc Champion Author Raleigh Posts:8,177 Points:1,396,345 Joined:Mar 2008	Message Posted: Aug 30, 2010 11:33:36 PM Ignore joel27nc Report Abuse Speculation is speculation, regardless of who is speculating
granitestater Champion Author New Hampshire Posts:6,334 Points:1,022,370 Joined:Oct 2008	Message Posted: Aug 30, 2010 11:31:40 PM 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 30, 2010 11:30:51 PM Ignore faulkc05 Report Abuse Gas prices are dropping around here 1 cent per gallon per week.
stcoesda2 Champion Author Illinois Posts:9,317 Points:2,143,875 Joined:Aug 2005	Message Posted: Aug 30, 2010 11:26:11 PM Ignore stcoesda2 Report Abuse Yeah and our gas went up 12 cents this noon
us4usa Champion Author Missouri Posts:3,853 Points:684,225 Joined:May 2008	Message Posted: Aug 30, 2010 11:22:42 PM Ignore us4usa Report Abuse Still $2.35 a gallon in town today.
leemun Champion Author Utah Posts:3,053 Points:584,965 Joined:May 2010	Message Posted: Aug 30, 2010 11:20:49 PM Ignore leemun Report Abuse By us most are $2.85, trending into the low .90s.
1cheapgasin Champion Author Indianapolis Posts:3,165 Points:748,490 Joined:Jul 2009	Message Posted: Aug 30, 2010 11:18:59 PM Ignore 1cheapgasin Report Abuse $2.43-$2.89 in the Indy area- why the big range?
JoeKR Champion Author New Jersey Posts:7,268 Points:1,418,190 Joined:Feb 2006	Message Posted: Aug 30, 2010 11:17:59 PM 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:6,197 Points:1,168,860 Joined:Jan 2007	Message Posted: Aug 30, 2010 11:17:54 PM 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:3,560 Points:393,585 Joined:Dec 2006	Message Posted: Aug 30, 2010 11:17:32 PM Ignore tedjm1 Report Abuse NYC is higher than that.
LoneGuy Champion Author Lansing Posts:6,168 Points:1,860,680 Joined:Aug 2005	Message Posted: Aug 30, 2010 11:16:59 PM 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:3,095 Points:635,220 Joined:Feb 2010	Message Posted: Aug 30, 2010 11:15:14 PM 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:5,173 Points:968,810 Joined:Mar 2004	Message Posted: Aug 30, 2010 11:13:45 PM 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:5,172 Points:1,206,625 Joined:Mar 2007	Message Posted: Aug 30, 2010 11:13:10 PM 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 30, 2010 11:13:03 PM Ignore ElvisHounddog Report Abuse Chicago RBOB wholesale gasoline price actually went up Monday to $2.00 a gallon.
DosEquis26 Champion Author Chicago Posts:3,773 Points:1,545,470 Joined:Jun 2006	Message Posted: Aug 30, 2010 11:12:51 PM 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:4,465 Points:756,730 Joined:May 2006	Message Posted: Aug 30, 2010 11:11:44 PM Ignore DrLyon Report Abuse Big oil too much profit... At the gas pump too much price...
PaylessKY Champion Author Kentucky Posts:6,130 Points:1,127,150 Joined:Oct 2008	Message Posted: Aug 30, 2010 11:11:26 PM 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 30, 2010 11:11:18 PM 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:5,990 Points:1,389,570 Joined:Nov 2004	Message Posted: Aug 30, 2010 11:10:28 PM 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:5,634 Points:1,666,105 Joined:Jun 2006	Message Posted: Aug 30, 2010 11:09:59 PM 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 30, 2010 11:09:52 PM Ignore Edtx2009 Report Abuse I am with bubba4612. Sounds good and reasonable.
Bubba44612 Champion Author Ohio Posts:5,203 Points:1,424,970 Joined:Aug 2005	Message Posted: Aug 30, 2010 11:07:38 PM 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:9,279 Points:1,897,440 Joined:Oct 2005	Message Posted: Aug 30, 2010 11:07:17 PM 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:7,684 Points:1,617,860 Joined:Dec 2006	Message Posted: Aug 30, 2010 11:03:59 PM Ignore Bigwaynef Report Abuse Prices jumped (UP) here at least 10 cents over the last 2 days...
jrsva Champion Author Virginia Posts:7,164 Points:1,149,250 Joined:Jan 2006	Message Posted: Aug 30, 2010 11:00:16 PM Ignore jrsva Report Abuse FastAndy, you're in Speedway Country. That trumps everything else.
HiGramma Champion Author Michigan Posts:1,789 Points:369,480 Joined:Oct 2008	Message Posted: Aug 30, 2010 10:57:48 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:4,415 Points:1,580,380 Joined:Jun 2007	Message Posted: Aug 30, 2010 10:55:54 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:4,790 Points:1,173,055 Joined:Jun 2008	Message Posted: Aug 30, 2010 10:55:26 PM Ignore DrCashFlow Report Abuse prices should drop a lot further .. whether they will is something else altogether.
TIGERPAW46 Champion Author Florida Posts:5,173 Points:968,810 Joined:Mar 2004	Message Posted: Aug 30, 2010 10:50:07 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.