Gas Prices in Detroit Falls Below $2 Per Gallon

[313WX]

I never thought I'd see these days again, but the lowest prices I've seen so far for gas [[NE Detroit) is $1.89 per gallon, and the highest prices I could find over most of the east side is $1.99 per gallon.

$20 is almost enough to fill up the tank again, lol.

What about in your part of the Detroit area? What are the gas prices like?

[Lowell]

Big winners? Detroit and Detroit - metro Detroit and Detroit = the auto industry.

The oil patches will suffer. [Yeah i know breaks your heart]

The only question is how long this be allowed to continue by the big oil players.

[Honky Tonk]

Big winners? Detroit and Detroit - metro Detroit and Detroit = the auto industry.

The oil patches will suffer. [Yeah i know breaks your heart]

The only question is how long this be allowed to continue by the big oil players.

Until the Holiday season's over?

[Patrick]

Big winners? Detroit and Detroit - metro Detroit and Detroit = the auto industry.

The oil patches will suffer. [Yeah i know breaks your heart]

The only question is how long this be allowed to continue by the big oil players.

A lot of people in Texas are worried right now because of the low gas prices. I know several Texans who are terrified at the idea of a "bad" economy in Houston and Dallas. These same folks used to rip on the "poor" Rustbelt folks and the local economy in SE MI. It's hard to feel bad for Texas at the moment.

[313WX]

A lot of people in Texas are worried right now because of the low gas prices. I know several Texans who are terrified at the idea of a "bad" economy in Houston and Dallas. These same folks used to rip on the "poor" Rustbelt folks and the local economy in SE MI. It's hard to feel bad for Texas at the moment.

Well let's not get the big head now...

If the decline in oil prices were to trigger another economic crisis, and people start losing their jobs again by the millions, guess what new purchases folks are going to put off first?

You can kiss Detroit's "comeback "goodbye" as well, as all of the grandiose plans in the pipeline will be placed on indefinite hold again...

[Dan_the_man]

Well let's not get the big head now...

If the decline in oil prices were to trigger another economic crisis, and people start losing their jobs again by the millions, guess what new purchases folks are going to put off first?

You can kiss Detroit's "comeback "goodbye" as well, as all of the grandiose plans in the pipeline will be placed on indefinite hold again...

At the same time everyone outside of Texas or not employed in the oil industry will have a lot more money on hand that they would otherwise be spending on gas. I don't see how low gas prices could possibly crash the economy.

[MikeM]

At the same time everyone outside of Texas or not employed in the oil industry will have a lot more money on hand that they would otherwise be spending on gas. I don't see how low gas prices could possibly crash the economy.

You mean like in Ohio?

U.S. Steel Lays Off 756 Blaming Low Oil Prices
http://www.wsj.com/articles/u-s-stee...ces-1420556069

[Gpwrangler]

At the same time everyone outside of Texas or not employed in the oil industry will have a lot more money on hand that they would otherwise be spending on gas. I don't see how low gas prices could possibly crash the economy.

if they are smart they will SAVE some of this money.

[mtburb]

Got picture proof.





And I was going to make a thread about this too.

Kinda reminds me of the war-free late 1990's.

[Jimaz]

There's a station in Shelby Twp selling at $1.89 today.

Here's a link to a 6-month chart from DetroitGasPrices.com showing the history of the price decline.

It makes me wonder whether the price was held artificially high before that. The highest I've ever seen was $4.25. Ouch!

There's a gas station at 15800 Joy Rd & Prevost Ave that happens to be named after President Obama. Its price has been reported as the highest in the region for a few weeks now. It's currently reported at $3.39! That's suspiciously high.

Can anyone in that neighborhood give a visual confirmation of that price? TIA!

[Zacha341]

That station has prices all over the chart no matter what the average is and I keep on going and don't go there. Down the Rd. you're in Dearborn which tends to go a few cents lower even at high pricing times.

There's a gas station at 15800 Joy Rd & Prevost Ave that happens to be named after President Obama. Its price has been reported as the highest in the region for a few weeks now. It's currently reported at $3.39! That's suspiciously high.

Can anyone in that neighborhood give a visual confirmation of that price? TIA!

[warsaw7]

There's a gas station at 15800 Joy Rd & Prevost Ave that happens to be named after President Obama. Its price has been reported as the highest in the region for a few weeks now. It's currently reported at $3.39! That's suspiciously high.

Can anyone in that neighborhood give a visual confirmation of that price? TIA!

Suspiciously high? There is not even a word for that. I find it hard to believe that a gas station in Detroit would sell gas at almost $1.50 higher than a majority of gas stations. Pictures or it never happened.

[Scottathew]

Suspiciously high? There is not even a word for that. I find it hard to believe that a gas station in Detroit would sell gas at almost $1.50 higher than a majority of gas stations. Pictures or it never happened.

Perhaps it went out of business at that price. I've seen that happen.

[Jimaz]

Suspiciously high? There is not even a word for that. I find it hard to believe that a gas station in Detroit would sell gas at almost $1.50 higher than a majority of gas stations. Pictures or it never happened.

Perhaps it went out of business at that price. I've seen that happen.

Hard to believe, true. Hence my request for eye witnesses.

At first I thought it might just be Obama Derangement Syndrome but then I noticed a different gasbuddy reporting a similarly high price. The reason I doubt that they went out of business is because the prices continue to be updated for that station.

It's still a mystery. Eye witnesses appreciated. Yes, photos prevail!

[Zacha341]

Ahh, it IS truly wonderful to see a twenty spot make the gas gauge needle move upward...... for now.

[jerrytimes]

Ahh, it IS truly wonderful to see a twenty spot make the gas gauge needle move upward...... for now.

It's nice to be able to take a joy ride again

[Cliffy]

Enjoy it while you can. You know this stuff is going back to $3.99

[gazhekwe]

Travel reports: We got it for 1.859 at a Pilot in mid-Ohio, Exit 135 off I-75. Lowest prices in KY, TN and GA, 1.939. Here in Titusville, FL, 2.399.

[Spartan]

I picked a bad time to buy oil stock, about 4 months ago. Nice part is, I still get to benefit from the low prices!

[Scottathew]

I've heard people cite two reasons for low prices:

1) ISIS taking over oil fields and flooding the market with cheap oil
2) OPEC increasing production to lower prices so that US and Canada production is no longer worth it, as the production methods are more expensive than middle eastern sources.

[Cliffy]

I've heard people cite two reasons for low prices:

1) ISIS taking over oil fields and flooding the market with cheap oil
2) OPEC increasing production to lower prices so that US and Canada production is no longer worth it, as the production methods are more expensive than middle eastern sources.

It runs deeper then that. They want to fuck with Russia so this will be done to put Russia in financial ruin. Its nothing to do with supply and demand.

[Jimaz]

It runs deeper then that. They want to fuck with Russia so this will be done to put Russia in financial ruin. Its nothing to do with supply and demand.

Yeah, they're hurting. I read Putin? cancelled their traditional Christmas break because the big wigs had to do some emergency work on their economy. Ruble's down 40%.

[Scottathew]

It runs deeper then that. They want to fuck with Russia so this will be done to put Russia in financial ruin. Its nothing to do with supply and demand.

Interesting! Makes sense. And the republicans wanted to start a war with Russia, while Obama's diplomacy\sanction route seems to be working very effectively.

Russia needs to go down a notch. I'm angry that America got involved in so many wars, but we haven't tried to annex any territory, we just take stable and semi-stable countries and destabilize so that terrorists can move in [[the exact opposite of stated goals...).

[JBMcB]

hey want to fuck with Russia so this will be done to put Russia in financial ruin.

Who? OPEC? They haven't increased production. The US has increased oil production a tiny amount, but in the grand scheme it makes little difference. So if it has "nothing to do with supply and demand" how are the prices being forced down?

I heard a large component of the oil price drop was investors were buying options at ridiculous prices hoping demand would surge in Europe, but that never happened, and the futures market collapsed.

[Honky Tonk]

Who? OPEC? They haven't increased production. The US has increased oil production a tiny amount, but in the grand scheme it makes little difference. So if it has "nothing to do with supply and demand" how are the prices being forced down?

According to the Noose media OPEC munipulates pricing by controlling production. If there's a reserve, [[and right now there is) they'll slow down production. If reserves are down, they increase production to meet demands. Right now reserves are up but OPEC hasn't slowed production, forcing prices down. The big question is "why?". Speculation is to make Ruski oil and Western "Frucking" less cost effective. [[Big Oil won't continue frucking for pennies on the dollar). In Russia's case, their economy is now in serious trouble. My own personal conspiracy theory is it's a US/OPEC joint to sanction Russia. My only question is what was promised in return?