Put some $2.05 regular into the CEO's Hyundai Tucson yesterday, here in SW FL. Least expensive gas I've bought in years/decades...
I noticed that the spread between 'Regular', 'Mid' and 'Premium' has expanded a bit, at least here in SW FL. The usual 20 to 30+ cts diff has become 40-50+ Cts, as I eyeballed some stations I passed. And, as JCL noted, diesel is down in price but not exactly diving: it is a world wide product of oil and is resistant to low pricing per se, esp during cold winter fuel oil heating season.
Every state in US has a separate and different add on tax, so comparos remain all over the board from state to state: a quick peruse shows WY with the lowest of ~ 32Cts per gal to CA with ~ 69Cts per gallon. Interesting to note that nearly every state has a different/higher tax per gallon on diesel, as high as ~ 79 cts per gal in CA.
Add in competition and proximity to a refinery, and we get lots of variables here in the Colonies.
It is a large cumulative multi-step savings for many families, companies, et al, except for the domestic oil biz and all of its ancillary services and vendors.
Also interesting that the price per gallon of gas gets such media attention, when it's $4 or $2, yet many shoppers have no freakin idea what a gallon of low fat milk costs, or a loaf of good bread. It is the in our face on every corner pricing that gets most of the attention...
Otoh, it ain't a lotto win as some media would have us believe: a 15,000 mile a yr person or family may save up to ~ $1500 a yr, if the prices stay low. Somehow I suspect some people get tricked mentally and restart their buying binges on their CCs, thinking they hit a jackpot of sorts...
The Saudis are no dummies either, (though not my fave country or gov't), and they have a rainy day fund to keep pumping and see what the price pressure does to our domestic pumping, esp the fracking side of production.
Curiously, the idea of the Fed gas tax hike has received little support, though it would be a 'more comfortable' period to jack it up a bit, to keep the Highway Fund solvent or at least not so underwater; roads ain't cheap to maintain or build.
Reminiscing time segment: when I was a kid growing up in TheMotorCity, I recall gas at 15Cts a gal and a set of cheap glassware with a $3buck fill up, and S&H green stamps on top of it. When we drag raced on Woodward Ave, Sunoco 260 was 22-25 Cts a gallon.
NEway, my 50Cts from the Retired Bench here on the back row of the Peanut Gallery...enjoy the current lower pricing and the current lesson in world wide supply and demand.
GL, mD