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BeWare	Expert: Gas Prices Dropping Like A Rock Analyst Says Prices Could Go Well Below $4 A Gallon By Labor Day Reporting Susan Carlson CHICAGO (CBS) ¯ Finally, there's some good news about gas prices. They've dropped nationwide by about a nickel, and as CBS 2's Susan Carlson reports, analysts are predicting even bigger drops through the rest of the summer. For the first time in awhile, drivers can fill up at the pump without a pained expression. "We saw a substantial drop in the price of crude oil, which it appears gas station owners were in a hurry to pass on to consumers," said Phill Flynn, Vice President an Senior Market Analyst at Alaron Trading. AAA reports gas prices in the Chicago area are averaging $4.25 a gallon Wednesday. That's down from $4.27 Tuesday, and $4.33 last Friday. "So often we hear gas prices rise like a rocket and drop like a feather, this time, they're starting to drop like a rock and that's a good thing," Flynn said. That's partly because demand is down about 4 percent from where it usually is. Many people have put the brakes on driving this summer because it costs too much. The promise of a bargain has many people flocking over the border. At a gas station on Indianapolis Boulevard in Hammond, Ind., CBS 2 found gas for just $3.75 a gallon. "I rehab houses in the area, Gary and so forth, so it's worth the while to drive over from Crete," said Troy Brown. Customers are pouring into Luke's Gas Station from the south suburbs and other parts of Indiana. "I'm just over in Highland, a few miles away, and as soon as you cross over into Hammond, the gas is at least 10 cents cheaper," Suzanne Stinnett said. But soon, you may not have to go as far as Hammond to get a good deal. Analysts say right now, gas prices are on track to keep plummeting through the end of the summer. "We could see $3.70 in the city and if we get really lucky, maybe $3.50 by Labor Day," Flynn said.
ed monahan	Gas here is in the $ 3.70 to 3.75 range. I saw it in N. KY last night for 4.15, a full 40 to 45 cents higher than 5 miles north in OH.
phil2237	Gas here dropped to $ 4.35 for regular
Dave Mills	still $3.999 here for regular, no change
SuperKat	Dropping like a rock? they can write that story when it hits $2. $3.50 does not sound like a deal to me.
WildCat	bought diesel today and paid 4.63, the Flying J across the interstate was 4.52, so much for buying at Pilot ------------------ Larry & Sue Mayes
MIKE GATLIN	Capacity utilization was down a few percentage points yesterday. Let the manipulation begin/continue! If gas drops much farther we are probably in for major refinery maintenance program.
ALLEY CAT	MG > I'm sure there must have been one or more refineries disturbed by the Dolly hurricane yesterday,,,,,,,,,prices will need to adjust up until the repairs can be done
ETMIDZT	Someone will Fart in Iran & prices will jump again....JMO!
catfish	i'd settle for 2.50,thats not going to happen.i said it here first,there setting us up for another big one.just wait,its coming. ------------------
Jim S	Well folks, you might have your refinery capacity interruption now. Last Friday there was a crane collapse (million pound mobile crane, one of the largest in the country)at LyondellBasell refinery in Houston. 4 killed and the crane was scheduled for the start of a turnaround next week. Not sure how long the refinery will be down, and wether or not it will affect production long term, but it's liable to have a short term impact.
hotroddaddy	saw regular unleaded gasoline priced $3.589/gallon @ Citgo, $3.609 @ Chevron and $3.619 @ Texaco ..... yesterday in NW Houston/Spring area. Two of these stations are adjacent each other and the Citgo is down the road a little bit. Go a mile outside that area and prices were in the $3.799 to $3.999 range again...... maybe a local gas war? My daughter-in-law told me that they saw gasoline $3.549/gallon yesterday in Victoria, TX. Hopefully, the lower prices will remain awhile. This message has been edited by hotroddaddy on 07-27-2008 at 06:21 PM
Dave Mills	We had our first decrease today. Down to 3.899 for regular.
Kala	I was amazed the other day to see $4.18 in Oak View... Jim S must be doing something right down there This message has been edited by Kala on 07-27-2008 at 07:33 PM
ed monahan	I paid $3.60 last night but some are still in the 3.70 to 3.75 range here.
ochanel91387@yahoo.com	$4.22 here, and that is the cheapest
mspe01	3.57 close by flint mi today
WildCat	paid $3.65 last night in Whiteland IN
DON WIEBER	paid 3.61 on sunday.
metschers	Paid $3.41 this afternoon,was $3.45 this morning.Price has been dropping about 4 cents a day for over a week now.
Kevin A	I'm concerned for the oil speculators. How will they earn a living now with prices dropping? (NOT!!)
Kala	quote: Originally posted by ochanel91387@yahoo.com: $4.22 here, and that is the cheapest Where did you get $4.22??? I paid $4.29 this morning at the 76 in Acton....