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GasBuddy News Article


The changing cost of gas: pump prices across the country
Tuesday, November 18, 2008
CBC News -- Seems like the cost of fuelling your car is always changing. Well, it usually is. And over the past year or so, that direction has usually been up — to record heights during the summer of 2008.

But a rapidly cooling global economy took the bottom out of the oil market, as the price of a barrel of oil tumbled from a record high of $147.27 in July to less than $60 in November. By the end of October, the average price of a litre of gas in Canada slipped below $1.

The map below tracks month-to-month changes in gas prices for several cities across the country as well as the cost of filling up three of Canada's top-selling vehicles and one of the smallest cars on the road.


Visit CBC News for full article

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JT
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Message Posted: 11/18/2008 7:54:36 AM  Ignore JT Report Abuse
Tuesday, November 18, 2008
CBC News -- Seems like the cost of fuelling your car is always changing. Well, it usually is. And over the past year or so, that direction has usually been up — to record heights during the summer of 2008.

But a rapidly cooling global economy took the bottom out of the oil market, as the price of a barrel of oil tumbled from a record high of $147.27 in July to less than $60 in November. By the end of October, the average price of a litre of gas in Canada slipped below $1.

The map below tracks month-to-month changes in gas prices for several cities across the country as well as the cost of filling up three of Canada's top-selling vehicles and one of the smallest cars on the road.

Visit CBC News for full article
REPLIES (newest first)
skybiker
Veteran Author
South Carolina

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Message Posted: 11/19/2008 10:08:38 AM  Ignore skybiker Report Abuse
Experts are saying target price of oil is $40 per barrel.

[Edited by: skybiker at 11/19/2008 12:08:55 PM EST]
laoloup
Sophomore Author
Montreal

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Message Posted: 11/19/2008 9:03:49 AM  Ignore laoloup Report Abuse
It's judgment day for both the UAW and the automakers then. Let them face the music.
laoloup
Sophomore Author
Montreal

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Message Posted: 11/19/2008 9:01:39 AM  Ignore laoloup Report Abuse
Click on Honda Civic and get this: top of the best selling car list in Canada for the past decade. Haven't the big three time sufficient to build something closer to that? Everything has a cause and effect.
SpaGuy1
Sophomore Author
Dallas

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Message Posted: 11/19/2008 8:47:59 AM  Ignore SpaGuy1 Report Abuse
Toyota & Honda don't have the crippling effect of the UAW drain on their companies.
msgt_usa
Rookie Author
Virginia

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Message Posted: 11/19/2008 8:27:31 AM  Ignore msgt_usa Report Abuse
I wish someone would prove to me how any President is responsible ofr the economic woes of this country. I think history will prove that no president has personally created any jobs that helped this country. Any job created by any president was soley the result of cronyism. I guess he is responsible for all the mismanagement of all the financial and automobile companies because of greedy CEO's only looking at their own bank accounts. Someone explain how Toyota and Honda are building new plants and hiring new people while the so called "Big 3" are trying to blackmail the congress for bailout money. If they had built the right mix of cars and trucks to begin with they wouldn't have to be offering rebates in the thousands to get people to buy them. The US and world economic failure is a result of greed by a handful of influential people. The election of a new president will not change things.
mtnman724
Rookie Author
Pittsburgh

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Message Posted: 11/19/2008 8:24:13 AM  Ignore mtnman724 Report Abuse
Hopefully the prices stay low...The gas stations will just be stuck with some extra 3's and 4's.
purvismike
All-Star Author
Wisconsin

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Message Posted: 11/19/2008 8:11:28 AM  Ignore purvismike Report Abuse
I haven't changed anything, I drive how I drive and live how I want. At least till I take refudge from the coming World War on the horizon.
parsec
All-Star Author
Toronto

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Message Posted: 11/19/2008 8:07:49 AM  Ignore parsec Report Abuse
Cheapest gas is in Ottawa - no refineries but lots of politicians!
dyeh
All-Star Author
Illinois

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Message Posted: 11/19/2008 8:07:37 AM  Ignore dyeh Report Abuse
Be careful of what you ask for: yes, we have lower gas prices, due to the crumbling economy. Yes, we have lower real estate prices, due to the crumbling economy. Yes, we have lower food prices, due to the crumbling economy.
purvismike
All-Star Author
Wisconsin

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Message Posted: 11/19/2008 8:07:22 AM  Ignore purvismike Report Abuse
Speculators only rode the tail winds just as I am doing to the downside.
Demand for OIL/GAS is way down due to China & India demand!!! Therefore prices have gone down also!!!
spheremaker1
All-Star Author
Arizona

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Message Posted: 11/19/2008 8:04:43 AM  Ignore spheremaker1 Report Abuse
I am still driving slower and less
acknot
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Seattle

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Message Posted: 11/19/2008 8:02:29 AM  Ignore acknot Report Abuse
good
Dennis783
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Wisconsin

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Message Posted: 11/19/2008 8:02:01 AM  Ignore Dennis783 Report Abuse
wasn't a rapidly cooling global economy, it was that speculators had driven it up artificially high
cheapo_gasKY
Veteran Author
Louisville

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Message Posted: 11/19/2008 8:00:23 AM  Ignore cheapo_gasKY Report Abuse
politicians actually have very little to do with the gas price on a day to day basis. they don't deserve blame when it goes up but also don't deserve praise when it goes down. Market forces, OPEC, etc, more likely reasons
toplessSebring
Rookie Author
Cleveland

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Message Posted: 11/19/2008 7:59:25 AM  Ignore toplessSebring Report Abuse
$1.72 in the Cleveland Ohio area, some prices west of Cleveland are even a bit lower. It was nice for a change to fill up without emptying my wallet!
mattf373
All-Star Author
Atlanta

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Message Posted: 11/19/2008 7:58:58 AM  Ignore mattf373 Report Abuse
I'm loving it
JPEight
Veteran Author
Nashville

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Message Posted: 11/19/2008 7:58:15 AM  Ignore JPEight Report Abuse
Thanks goodness... with 450 miles of commuting per week I need the break.
Drill_It
All-Star Author
Michigan

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Message Posted: 11/19/2008 7:56:00 AM  Ignore Drill_It Report Abuse
What a Beautiful thing .....
4warned
Champion Author
Michigan

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Message Posted: 11/19/2008 7:55:31 AM  Ignore 4warned Report Abuse
$1.76/gal here in Bay City,MI today.
WufMan66
All-Star Author
Raleigh

Posts:663
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Message Posted: 11/19/2008 7:55:30 AM  Ignore WufMan66 Report Abuse
Remember gas never went up as much as oil did. If it had we would have been paying well over $5.00/gal
Hunter724
Sophomore Author
New Hampshire

Posts:236
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Message Posted: 11/19/2008 7:54:24 AM  Ignore Hunter724 Report Abuse
$1.89 gallon haven't seen this price in over 2 years...........
wtstms
All-Star Author
West Virginia

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Message Posted: 11/19/2008 7:52:56 AM  Ignore wtstms Report Abuse
not changing fast enough, oil is down over 60% but gas is down only 45%
Kthyme
Champion Author
Fort Worth

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Message Posted: 11/19/2008 7:52:23 AM  Ignore Kthyme Report Abuse
We'll see VTROCK...I don't expect our utilities dropping though. We're not doing anything to increase supply. In fact we're doing away with it. So sure things may decrease because we're handing all our monies over just to keep water running and our homes cool/warm.
gjn
Veteran Author
Ontario

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Message Posted: 11/19/2008 7:52:20 AM  Ignore gjn Report Abuse
gasoline should be at 69.9L
AZDaisy
Veteran Author
Arizona

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Message Posted: 11/19/2008 7:51:55 AM  Ignore AZDaisy Report Abuse
keep conserving.
WillyG
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Cincinnati

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Message Posted: 11/19/2008 7:50:10 AM  Ignore WillyG Report Abuse
Awesome. I started to enjoy the view at the pump when I fill up with less than $20. Way less . . .
purvismike
All-Star Author
Wisconsin

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Message Posted: 11/19/2008 7:49:55 AM  Ignore purvismike Report Abuse
I suppose BUSH wsn't responsible for 9/11 either????
byefornoww
Sophomore Author
Charlotte

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Message Posted: 11/19/2008 7:49:29 AM  Ignore byefornoww Report Abuse
Well, one has to wonder about the fact that Bush gets into second term and gas prices go spiralling out of control. Then, one month before election of a new President and gas prices go spiralling back down. Of course, it could also be because of the fact that the current administration has sunk our country and so many can't afford cars or gas -- even at it's current "low" price.
VTROCK
Sophomore Author
Detroit

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Message Posted: 11/19/2008 7:48:51 AM  Ignore VTROCK Report Abuse
Nobody is buying anything so the prices are going to fall demand is less than supply.
ww2gas
All-Star Author
Virginia

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Message Posted: 11/19/2008 7:47:21 AM  Ignore ww2gas Report Abuse
Drop like a rock! But yes, let's still conserve (I've given up jack rabbit starts, drive slower on the highway, ride with friends who own hybrids where possible and use mass transit when I can).
StevieB
All-Star Author
New Jersey

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Message Posted: 11/19/2008 7:46:55 AM  Ignore StevieB Report Abuse
WoW
spunky4443
Champion Author
Washington

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Message Posted: 11/19/2008 7:46:40 AM  Ignore spunky4443 Report Abuse
No WORK, No Gas.
10pennypincher
All-Star Author
St. Louis

Posts:527
Points:240,050
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Message Posted: 11/19/2008 7:44:23 AM  Ignore 10pennypincher Report Abuse
drive less...us less fuel....pollute less......keep the price down!!
The_WB
Champion Author
Detroit

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Message Posted: 11/19/2008 7:41:42 AM  Ignore The_WB Report Abuse
Lower is better
smwhite
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Indiana

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Message Posted: 11/19/2008 7:40:52 AM  Ignore smwhite Report Abuse
Hopefully they keep changing for the lower.
WVUtailgater
All-Star Author
Pennsylvania

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Message Posted: 11/19/2008 7:40:19 AM  Ignore WVUtailgater Report Abuse
agreed
GasholeMI
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Lansing

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Message Posted: 11/19/2008 7:39:54 AM  Ignore GasholeMI Report Abuse
Are all the posts claiming that Bush is responsible for the lowering gas prices the same people that claimed he was responsible for the increased prices earlier this year?

I hate to break it to either the up-group or the down-group but Bush was not responsible for either.
napermike79
All-Star Author
Twin Cities

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Message Posted: 11/19/2008 7:39:49 AM  Ignore napermike79 Report Abuse
the ying and the yang effect
IslandDawg
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Georgia

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Message Posted: 11/19/2008 7:39:06 AM  Ignore IslandDawg Report Abuse
O Canada
tonycmd
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Maryland

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Message Posted: 11/19/2008 7:39:05 AM  Ignore tonycmd Report Abuse
Interesting
RdHogg
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Houston

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Message Posted: 11/19/2008 7:37:53 AM  Ignore RdHogg Report Abuse
good
Dale Jr.
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Iowa

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Message Posted: 11/19/2008 7:37:46 AM  Ignore Dale Jr. Report Abuse
I've noticed over the last week and a half that the price of gas where I live have fallen two cents from $1.79 to $1.77.
rod1965
All-Star Author
Portland

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Message Posted: 11/19/2008 7:37:15 AM  Ignore rod1965 Report Abuse
Happy for Canada.
AC-302
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Los Angeles

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Message Posted: 11/19/2008 7:35:46 AM  Ignore AC-302 Report Abuse
I'm happy to see our honored Canadian neighbors getting some relief, too.
Jagman98
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Louisville

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Message Posted: 11/19/2008 7:35:10 AM  Ignore Jagman98 Report Abuse
We're zeroing in on $1.75 at our lowest stations......avg is $1.85
mrchief
Sophomore Author
Massachusetts

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Message Posted: 11/19/2008 7:34:46 AM  Ignore mrchief Report Abuse
The price just reached the $2 mark in northeast MA. It looks like we are still higher than a lot of places in the USA.
plumb37
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Quebec

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Message Posted: 11/19/2008 7:34:03 AM  Ignore plumb37 Report Abuse
In Montreal, shop around, ...... 71 cents a litre.
MSUJRB
Veteran Author
Jackson

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Message Posted: 11/19/2008 7:33:30 AM  Ignore MSUJRB Report Abuse
Jackson, MS area - reg unld $1.71, diesel $2.55. Drill here, drill now, build refineries!!!
fairchildd
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Kansas City

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Message Posted: 11/19/2008 7:33:16 AM  Ignore fairchildd Report Abuse
keep changing...down
Lonewolftx
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Houston

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Message Posted: 11/19/2008 7:32:45 AM  Ignore Lonewolftx Report Abuse
Hail Oh Canada . . .
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