Will pump prices drop 30 cents Monday?

[safeinOhio]

We have seen how gas jumps 30 cents all over town on any bad news from the middle east, so with the news about a deal on Iran and it's nuke, lets see if it works both ways?
Or, will the price jump because it's a holiday week?

[Prism]

1. Prices have been low lately

I was actually about to post about this. In Cali, we've gone from $4.10 to about $3.50 the past few weeks. Given the President is clearly responsible when gas prices go up, I've been awaiting the media story about how awesome he is now that they've dropped nearly 20%.

That story has not yet arrived.

I'll keep waiting though. I'm sure it's coming.

[hobbit709]

4. Last week I got gas for $2.85, Yesterday $3.05 at same station.

[LuvNewcastle]

5. It's been hovering at about $3.00 here. I ride a scooter, so I'm paying

less than $5.00 to fill up.

[hobbit709]

6. I spend about $20 every week to 10 days for my truck.

I get 31 mpg on the road and about 25-26 in town.

[LuvNewcastle]

7. That's great for a truck! About 15 mpg was just about standard for a truck,

and that wasn't very long ago. I'm glad you're saving money; most of us need every dollar we've got nowadays.

[hobbit709]

8. 1992 Ttoyota pickup with 135K miles on it

And I don't drive with a leadfoot.

[LuvNewcastle]

10. As long as you keep those things serviced, they'll run forever.

A friend of mine had a mid-80's Nissan/ Datsun pickup that wouldn't quit. Katrina flooded it out, though, and it wasn't any good after that. It was a real shame and he was sick about it.

[Hugabear]

2. If we had elected Michelle Bachmann, gas would be under $2.00

Of course, we'd be at war with Iran, North Korea, Egypt, Mexico, Canada, and Australia. Small price to pay.

[last1standing]

3. Hahahahahahaha!

By Monday, there will be a brand new bogeyman in the Middle-East to fear and fight. If not, there will be a broken pipeline or a major spill offshore.

And if they can't manage any of those we'll hear how it takes time for prices to fall because of the supply chain. Strange how prices jump within minutes while drops take weeks....

[CK_John]

9. Still 3.50 here, but if you want prices to go down stop buying gasoline.

[hobbit709]

11. Easy to say, hard to do.

95% of what I need to do is NOT within walking distance even if I was physically able. Public transportation in this town is a joke.

But I plan my trips in a least distance circle route.

[Recursion]

12. My price for a prime bridge you might want is about to drop 10% (nt)

[pintobean]

13. Depends on what the oil producers in the region think

of the deal. But, gas prices never drop like that. They go down by pennies and go up by dimes.

[IDemo]

14. Still $3.60 and up here

No, it will not be dropping anytime soon. See - "ratchet effect".

[William769]

15. Last week I paid 3.06 a gallon last night it was 3.49 a gallon.

WTF?