I can't remember the last time the price of gasoline was so low...

[NurseJackie]

Here's the current price at my nearest Costco in Maryland. I wonder what's causing the drop. Nobody driving? Surplus inventory? Supply & demand kind of thing? Or is there something else going on?

Regular $1.69/9
Premium $1.99/9

Prices shown here are updated frequently, but may not reflect the price at the pump at the time of purchase. All sales will be made at the price posted on the pumps at each Costco location at the time of purchase.

[catsudon]

1. i do

it was under a dollar in virginia , bill clinton 1998

[pbmus]

2. 23.50 a barrel, with millions of gallons floating on tankers around the world...

Price should be well under a dollar a gallon..

https://markets.businessinsider.com/commodities/oil-price?type=wti

[LaurenOlimina]

3. We paid $1.28 with a discount from the grocery store.

We filled up the spare tanks as well, just in case.

[Jamastiene]

4. Of course, it is low right now.

There is nowhere we can really go and stay safe.

[OhZone]

5. I remember it was 99Cents under Clinton -

when I was a teen.

[rzemanfl]

7. It was 95 cents in Florida then. I had just bought a new Geo Metro

and was kicking myself about it. Under Bush I was glad I had it. I am way older than you and remember gas at 22.9.

[Under The Radar]

6. Paid $1.65 in northeast Arkansas in July 2015

Cheaper than bottled water then

[Wellstone ruled]

8. 1999 Gas was 93 cents

at the Holiday Station on Pioneer Road Bloomington,Minnesota,that was Xmas week. One day after Bush was Anointed,same Station Gas was 1.03.

Last evening here in Vegas,the going price was 2.64 .

[BillyBobBrilliant]

9. Nobody likes a

smartass, but I paid 25 cents a gallon in 1969.

[Sherman A1]

10. I recall 19.9 when I was in high school

that was a station called Texas Discount on the way to school in 1972.

[tritsofme]

11. The Russians and Saudis are at each others throats, while the world economy crashes.

Perfect storm for oil markets.

[empedocles]

13. putin v prince sawbones - hard to een guess whats going on.

putin might be the better strategist v. Saudi muscle

[samnsara]

12. and no place to go!

[roamer65]

14. I remember.

$1.85 or so in January 2009. At the start of the Great Recession.