It was $1.96 a gallon here yesterday. Hallelujah!!! In addition to lowering the cost of driving, that lowers the cost of everything that requires transportation - which is just about everything.

Why and How is this happening - lower crude oil prices and subsequent gasoline price drops? Previous cycles of lower fuel costs were attributed to decreased demand due to a slower economy in general. This time, however, the decrease seems to have more to do with increased supply - the Bakken formation in North Dakota, widespread and lower cost fracking in a lot of places, Canadian crude oil discoveries, etc.

Of course, increased sources and other improvements in the past didn't knock down prices anywhere near as much as this. My theory as to what is different now is this: There is a calculated move by whoever - our government/the Insiders who control things etc. - to do harm to the worst of the worst in terms of evil forces in the world - Iran, Russia, and Venezuela at the top of the list. All three of those countries use(d) oil revenues to promote terrorism, Communism, evil in general in the world, Maybe it's just a happy coincidence that our good fortune at the pump is also hurting the flow of oil revenue to that scum, but I prefer to think somebody on the side of good is making it happen intentionally.

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Good for us at the pump, not good for some of America's fledgling oil producers who could be run out of business at least temporarily possibly putting a lot of Americans out of work.
I think the Saudis are not only targeting Iran, Russia and Venezuela but also the good old USA.

Unfortunately, the price of diesel, which powers our hauling capacity, is not mirroring the gasoline price fall.
That issue will hold up the cheaper goods theory.

I just paid $2.02 a gallon for gas. That is not too bad considering IL has one of the highest fuel taxes in the nation. (Texas is $.19 per gallon less than IL.) The taxes wouldn't be so bad if the roads in the state were in better shape. For example WI pays $.06 less a gallon and their roads including the tertiary county roads are typically in great shape compare to IL.

Anyway, most of the stations in the region are around $2.29 a gallon. One of the towns has a new Murphys at the WalMart and they are driving the price in that town down. Prior to the station opening up a couple of months ago the town consistently had one of the higher prices in the area. The stations out by the expressway use to be set high to stick it to the travelers and the rest of the town willingly followed along. After the Murphys opened with lower prices everyone else had to follow suit or go out of business. The stations in the town use to be about $.10 higher than the rest of the region and are now $.30-40 less.

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$2.34 a gallon here in the U.P. of Michigan.
Diesel dropped .70 a gallon to $3.03, still too high for some mysterious reason.
Traditionally up until about 10 years ago diesel was always cheaper than gasoline.

I am still paying around 2.60 a gallon and thats because of the dumb ass governor putting more taxes on gas, and starting the new year they are talking about adding another 28 cents to the already high rate of 60 cents a gallon. This state really sucks when it comes to taxes.

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$1.76 here in Killeen, Texas today; Diesel is $2.37.

I think the diesel thing is about increased demand going back to when it was cheaper; Also less refinery capacity for it.

Anyway, thank goodness for FRACKING - American innovation to develop it and American Free Enterprise risk taking for financing the development.

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