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Gas prices could drop to $3 a gallon by end of the year

Quincy Herald-Whig -- Keep your fingers crossed.

According to at least one well-respected analyst, barring another Hurricane Katrina or some major uprising in the Middle East, those plummeting gas prices should continue their downward spiral, possibly reaching $3 a gallon later this year.

Michael Right, a St. Louis-based vice president and longtime analyst for the AAA auto club, monitors various gas-related markets. He told The Herald-Whig in a phone interview he feels the recent plunge at the pump is no mirage.

"I think you'll possibly see $3 a gallon -- or lower -- by the end of the year," said Right, who specifically tracks costs in Missouri, southern Illinois, Kentucky, Mississippi and Louisiana. "The (higher taxes) in Illinois might affect how low prices end up there, but unless there is a hurr

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Submitted Oct 20, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 24, 2012 4:43:27 AM Ignore honda0105 Report Abuse would be nice, but I agree with RitaV. It probably won't happen, though it has dropped about 40 cents (gasoline). Diesel? Not a snowball's chance in hell.
RitaVespa Champion Author Oregon Posts:3,109 Points:819,820 Joined:Jan 2011	Message Posted: Oct 22, 2012 3:40:09 PM Ignore RitaVespa Report Abuse Won't happen. Even when oil prices drop, the gas prices haven't. Why? Because Shell/BP/Chevron, etc KNOW we will continue to pay $4/gal to get to work
bston Champion Author Oklahoma City Posts:1,955 Points:669,990 Joined:Mar 2011	Message Posted: Oct 22, 2012 2:20:21 PM Ignore bston Report Abuse Prices will probably only lower till the election to sway voters.
gbs1 Champion Author Minnesota Posts:2,141 Points:770,300 Joined:Mar 2011	Message Posted: Oct 22, 2012 7:54:09 AM Ignore gbs1 Report Abuse Most everyone would love to see that
NOTSOGRN Champion Author Michigan Posts:2,077 Points:1,535,810 Joined:Dec 2007	Message Posted: Oct 22, 2012 1:23:32 AM Ignore NOTSOGRN Report Abuse . . Fingers crossed...
pumaMN Champion Author Minnesota Posts:1,593 Points:357,115 Joined:Aug 2011	Message Posted: Oct 21, 2012 9:52:50 PM Ignore pumaMN Report Abuse it about time
FuelishGuy All-Star Author Edmonton Posts:823 Points:950,855 Joined:Oct 2008	Message Posted: Oct 21, 2012 8:37:48 PM Ignore FuelishGuy Report Abuse If I was betting man, I'd say there's no way that'll happen but I've been dead wrong before and frankly I hope I am.
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: Oct 21, 2012 1:11:33 PM Ignore DanMtz Report Abuse It's not gonna happen around here.
EconomiserAZ All-Star Author Tucson Posts:836 Points:158,890 Joined:Mar 2011	Message Posted: Oct 21, 2012 12:29:27 PM Ignore EconomiserAZ Report Abuse Yes that's all well and good. High prices now make the excessive $3 per gallon sound good. But remember, there is no reson it should not be $1.50. Except for greed and governments.
Skunk63 Champion Author Phoenix Posts:2,692 Points:585,975 Joined:Oct 2011	Message Posted: Oct 21, 2012 9:42:54 AM Ignore Skunk63 Report Abuse I'm not holding my breath.
tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Oct 21, 2012 6:51:01 AM Ignore tomok Report Abuse Gas prices could drop to $3 a gallon by end of the year but will they? $3.00 a gallon? NO! Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. There will be NO price reduction or cheaper prices for fuel OR natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what the price but it sure helps to have a job too! The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the New Low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
WalRus49 Champion Author Boston Posts:4,215 Points:896,565 Joined:Nov 2010	Message Posted: Oct 21, 2012 4:10:29 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage.......................
heydano67 Champion Author California Posts:1,806 Points:385,235 Joined:Feb 2012	Message Posted: Oct 21, 2012 3:54:01 AM Ignore heydano67 Report Abuse Would be surprised if they ever went below $3.40 again.
MINIWINI598 Champion Author Washington Posts:3,170 Points:546,400 Joined:Dec 2011	Message Posted: Oct 21, 2012 2:27:49 AM Ignore MINIWINI598 Report Abuse no complaining ... here!
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: Oct 21, 2012 12:36:37 AM Ignore Ahking Report Abuse will see. who else supports this opinion?
jetskijerry Champion Author North Carolina Posts:4,036 Points:799,970 Joined:Mar 2011	Message Posted: Oct 21, 2012 12:17:51 AM Ignore jetskijerry Report Abuse still too expensive
jetskijerry Champion Author North Carolina Posts:4,036 Points:799,970 Joined:Mar 2011	Message Posted: Oct 21, 2012 12:17:36 AM Ignore jetskijerry Report Abuse Not long ago it was 77 cents
gaspumpin Champion Author Indiana Posts:1,792 Points:415,820 Joined:Apr 2012	Message Posted: Oct 20, 2012 11:47:53 PM Ignore gaspumpin Report Abuse Not betting on it.
METEOR49 Champion Author Ontario Posts:2,312 Points:482,925 Joined:Apr 2011	Message Posted: Oct 20, 2012 11:41:17 PM Ignore METEOR49 Report Abuse should have been 3 dollars a gallon back in april,pig oil has been filling their pockets ever since .
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Oct 20, 2012 11:39:39 PM Ignore mfeldstein Report Abuse If we don't starve first.
obimerrill Champion Author Cincinnati Posts:1,580 Points:317,415 Joined:Jul 2012	Message Posted: Oct 20, 2012 11:39:30 PM Ignore obimerrill Report Abuse We are near $3.30 now...would love to see it down more, but I won't hold my breath.
rahcat Champion Author Grand Rapids Posts:2,681 Points:690,650 Joined:Jan 2010	Message Posted: Oct 20, 2012 11:38:35 PM Ignore rahcat Report Abuse Don't hold your breath.
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: Oct 20, 2012 11:37:56 PM Ignore Rageagainsttm Report Abuse doubt
letterchunker Champion Author Texas Posts:2,335 Points:684,025 Joined:Aug 2008	Message Posted: Oct 20, 2012 11:37:21 PM Ignore letterchunker Report Abuse Believe it when I see it
anthroMO Veteran Author St. Louis Posts:395 Points:116,540 Joined:Jun 2012	Message Posted: Oct 20, 2012 11:34:36 PM Ignore anthroMO Report Abuse $3.20 in St. Louis could drop below $3
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Oct 20, 2012 11:33:32 PM Ignore cheaper0ON Report Abuse I hope so....
skybiker Champion Author South Carolina Posts:7,408 Points:1,586,615 Joined:Jul 2008	Message Posted: Oct 20, 2012 11:33:08 PM Ignore skybiker Report Abuse Should be well below $3 a gal now!...
Godozo All-Star Author Gary Posts:723 Points:582,340 Joined:Dec 2010	Message Posted: Oct 20, 2012 11:32:09 PM Ignore Godozo Report Abuse I see a range in NW Indiana, but in a section of Munster there's a price war going on and prices are presently down to $3.19/gallon, and it appears the prices are still in free-fall. It wouldn't surprise me to see $2.99 or less anytime soon. Now whether it holds up once we start on the next year (and the next presidential term) is another question...
labombaOH Veteran Author Ohio Posts:440 Points:131,120 Joined:Nov 2007	Message Posted: Oct 20, 2012 11:30:59 PM Ignore labombaOH Report Abuse Not good not good,What are they trying to do for gods sake.Be Merican.This will make Rickey Cheneys heart fail.My god the humanity.All you mormons please oh please pray to one of your gods for a Refinery Fire and get the price back up.This is not the Merica we want.So sad
Number43 Champion Author Lexington Posts:8,849 Points:1,665,870 Joined:Oct 2008	Message Posted: Oct 20, 2012 11:26:41 PM Ignore Number43 Report Abuse MAYBE. But it will be only a temporary relief.
Dragnet Champion Author Arizona Posts:15,548 Points:2,934,510 Joined:Jul 2004	Message Posted: Oct 20, 2012 11:26:06 PM Ignore Dragnet Report Abuse What world is the writer living in? Not in America will this happen
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Oct 20, 2012 11:26:05 PM Ignore us4usa Report Abuse Did someone in the WH say under my plan prices will be higher??? Lower prices now is just fishing for votes...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Oct 20, 2012 11:25:35 PM Ignore tedjm1 Report Abuse Believe it when I see it.
KnoxGasPriceSpy Champion Author Knoxville Posts:141,278 Points:948,495 Joined:Oct 2010	Message Posted: Oct 20, 2012 11:25:30 PM Ignore KnoxGasPriceSpy Report Abuse good bye obama
LocalSpyGuy Champion Author Tampa Posts:7,941 Points:1,612,875 Joined:Nov 2008	Message Posted: Oct 20, 2012 11:24:17 PM Ignore LocalSpyGuy Report Abuse Anyone can make a prediction.
Is246 Champion Author Albuquerque Posts:1,044 Points:443,535 Joined:Apr 2011	Message Posted: Oct 20, 2012 11:24:11 PM Ignore Is246 Report Abuse Not soon enough.
rtw777 Champion Author Florida Posts:9,536 Points:1,869,695 Joined:Jan 2008	Message Posted: Oct 20, 2012 11:23:15 PM Ignore rtw777 Report Abuse Why not now?
MountedShooter Champion Author Georgia Posts:3,175 Points:767,145 Joined:Mar 2011	Message Posted: Oct 20, 2012 11:21:17 PM Ignore MountedShooter Report Abuse Ok.
ShadowACE Champion Author Boston Posts:9,159 Points:2,177,275 Joined:Jun 2006	Message Posted: Oct 20, 2012 11:20:51 PM Ignore ShadowACE Report Abuse By the end of the MONTH would be better!!!
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Oct 20, 2012 11:20:50 PM Ignore pgerassi Report Abuse GREAT, but it still should be under $2/gal given the economy.
forteras Veteran Author Kentucky Posts:361 Points:1,937,670 Joined:Sep 2006	Message Posted: Oct 20, 2012 11:20:29 PM Ignore forteras Report Abuse Happy Holidays!
jethro5000 Champion Author Kentucky Posts:2,018 Points:418,935 Joined:Jun 2005	Message Posted: Oct 20, 2012 11:20:16 PM Ignore jethro5000 Report Abuse It could, but it might not...
chuckwthompson Champion Author Charlotte Posts:3,895 Points:604,885 Joined:Sep 2011	Message Posted: Oct 20, 2012 11:19:56 PM Ignore chuckwthompson Report Abuse Not holding my breath for that to happen.
arb0526 Champion Author Greensboro Posts:2,117 Points:438,320 Joined:Mar 2011	Message Posted: Oct 20, 2012 11:19:16 PM Ignore arb0526 Report Abuse It would benefit everyone if it would drop by 3.00/gallon...let's go back to the 80's
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Oct 20, 2012 11:19:05 PM Ignore crreed1 Report Abuse we shall see
billk44077 Champion Author Cleveland Posts:3,320 Points:659,255 Joined:Aug 2011	Message Posted: Oct 20, 2012 11:19:01 PM Ignore billk44077 Report Abuse as soon as the electon is behind us, all bets are off
bridgerunner Champion Author Virginia Posts:4,927 Points:1,034,535 Joined:Jul 2009	Message Posted: Oct 20, 2012 11:18:21 PM Ignore bridgerunner Report Abuse I would not bet on it.
VetteFan Champion Author Indiana Posts:9,879 Points:2,056,180 Joined:Aug 2005	Message Posted: Oct 20, 2012 11:17:32 PM Ignore VetteFan Report Abuse And Ralph Nader could be our next president.
kiss4afrog Veteran Author Twin Cities Posts:426 Points:175,710 Joined:Jan 2008	Message Posted: Oct 20, 2012 11:16:04 PM Ignore kiss4afrog Report Abuse The sooner the better.
cccbob Rookie Author Illinois Posts:44 Points:106,640 Joined:Sep 2012	Message Posted: Oct 20, 2012 11:15:41 PM Ignore cccbob Report Abuse We'll see! I've heard stories before.