$1.19 CDN per litre here for premium, $5.40 per gallon. Works out to $3.81 US per US gallon.

Still better than diesel, which is at 1.25 per litre today, or $5.67 per gallon ($4 US per US gallon).

And our elected leaders told us that we will NEVER see gas below $3!!! somehow it is possible, and the market has little to do with it... politics have its say in our gas prices...

Saw it for $0.78/L at Costco in Calgary. I did not see many E53's out in Calgary/Canmore area :(. But the few I did were nice to see.

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

Agree 100% with everything you said, especially grocery pricing. Majority of the people don't blink, much less remember, at the pricing of milk, etc. But after paying $4.25 for diesel spring of last year, $2.89 makes for nice pocket change when putting 80k-90k a year.

Really wonder what the long term effect will be with al the fracking going on in the States these days. I'm in WV a lot (business related), and they're going wide open. Folks in our area are just starting to get oil contract money, rigs should be in our area within 3-5 years. Not lookin forward to all the traffic!

Thanks for the schooling! :)

In here the gas is expensive - $4.74/gallon but most of the people in here use LPG which is $2.3/gallon.

^^^Bingo. This I don't like. When I started driving it was 10 cents to upgrade to plus (89), and 20 cents higher than regular to get super (93).

In 2004 - Example - 87 octane $2.09 / 89 Octane $2.19 / 93 Octane $2.29

Now with many of the stations doing cash/credit differences of 10 cents PER OCTANE, you'll see a pricing model like this.

87 Octane - $2.29 Cash/ $2.39 Credit

89 Octane - $2.49 Cash/ $2.59 Credit

93 Octane - $2.69 Cash / $2.79 Credit

So there is your 50 cent spread there, I noticed its worse at Sunoco's in Jersey because they ALSO stock 91 octane, so there is potentially an 80 cent difference between 87 and 93.

To be honest the reduction in gas is decent enough but the spread and still inflated 93 octane/diesel prices does worry me, I'm not dancing around like the people who use 87 do.

Between the Triumph, my X5, and all my small equipment (50:1 and 40:1 mix, and my Scag mower ALL take 93 bc 87 is so bad on 2-cycles now), I use 93 in everything in my household except for my wife's 12.5 gallon tank equipped Toyota Rav4.

The gas at the pump is based on the price they paid to put that in their tank, premium sells fewer gallons, so the price drop is delayed based on how much that station sells. Three weeks ago here it was $1.25 more for premium. Now it's back to $.20 more. When prices go back up (and they will) premium's low prices will hang on a little longer than 87 and 89 because they don't empty their tank as often.

The oil price went down for several reasons that aligned at the same time. The Saudis don't like us doing the freckling of our gas, and with cost around $80 a barrel, they are trying to stall it... the Russian economy and budget is heavily dependent on oil and gas export and lately they were pushing their own agenda on international arena with Syria and most notably, the Ukraine. The sanctions that were imposed affected the EU more than they affected the Russians but drop in oil prices sent their ruble into a free fall... the Saudis have 1.2 trillion in cash, so they can sustain low prices for a year or two, while supporting our effort in killing Russian economy, and they like it since it kills our shale gas in the process... Russians have a lot of oil that they can flood the planet if that will keep the money coming... and US has enough paper and ink to print more dollars that they can even imagine... and don't forget ISIS, they steal oil and sell it to turks for pennies on a dollar... not a lot of oil, but still, noticeable... so many things aligned, and they brought our prices down, it will increase spending on consumer goods, propelling us in another round of prosperity... at expense of future generations... but heck, who cares when big politics involved, right?

$1.849 per gallon for Shell 87 octane here in Coppell TX.

Distance to "E" was (---), TOTALLY empty (under 1 gal in tank), filled to the top for under $45!

Filled the Accord last week for under $25!