Gas prices plummeting after pricey summer

September 11, 2006 @ 6:02am by Michael Kwan

Do you like this story?

Although I’m not totally inclined to jump up and down and throw a party, it could be a cause of celebration. After an insanely expensive summer, gas prices are steadily falling back to more reasonable levels, dropping an average of 21 cents over the course of these past two weeks.

The going rate right now is about $2.66 per gallon in the United States, based on a survey of 7,000 filling stations across the nation. The record average was $3.025 a gallon around mid-August.

I’ve found a similar trend here in Canada (Vancouver, specifically), where prices have dropped about 20 cents as well, from $1.20 per litre to $0.99 per litre today. Still expensive, but better.

It seems that the trend will continue, at least in the short term, with the Oil Price Information Service predicting a near US$2 per gallon by American Thanksgiving.

Comments are closed.

Recent Reviews

• 

  Just Mobile’s UpStand for the Apple iPad review Posted 22 days ago. I just got through a half dozen documentaries and videos that I’ve been meaning to get to for months now. How I did it? The Just Mobile UpStand and a bit of help from CineXplayer. Now that my iPad conveniently sits next to my monitor in seemingly perfect viewable angle, I can let those videos play as I work during the day.

• 

  Otterbox Defender iPad case review: Best rugged case money can buy Posted 27 days ago. The iPad has established itself as one of the coolest gadgets of the year, and is a must have if you love Apple. Its large display, crystal clear screen, and a multitude of features make it one of the most impressive tablets on the market. Check out Mobile Magazine’s iPad review here. However, like all iDevices, they do leave something to be desired in the area of durability.

• 

  WOWee One portable bass speaker reviewed Posted 1 month, 6 days ago. The Wowee One is a small portable bass speaker (subwoofer) measuring 4.7 x 2.4 x 1-inches. It’s capable of sending out 90db of sound between the 40Hz – 20KHz range, and creating a dynamic subwoofer out of nearly any flat surface imaginable. It has an internal battery with an estimated 20 hours of playtime per charge.