Gas Prices on the Decline

Tallahassee, FL -- May 1 , 2012 --

Gas prices have been on the decline for 15 straight days.

The McKenzie Mart on Monroe Street in Tallahassee has drivers lined up for cheaper gas.

Regular unleaded there is $3.59 a gallon.

AAA says the national average price is three dollars and 80 cents a gallon.

Tallahassee driver Craig Ross has a pick-up truck. He says, "It's definitely going down. It's only $120 to fill this thing up now. It would've been $135. So, it's on the decline, thank goodness. We got to have it so, we got to buy it. It looks like it is going down a little bit."

AAA says the average price of gas is down 30 cents--or about seven percent--from the record high of $4.11.

That record high was reported in July 2008.

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  • by Randi Location: Powerll, Wy on May 10, 2012 at 07:22 AM
    Liars stupid liars. Our gas has not went down even one cent. The media does not have enough brains to EVER tell the truth, they think all Americans are dumb, jokes on them, they are the dumb ones. Do they think we can't read the price on the gas pump. Not going down.
  • by gata on May 2, 2012 at 07:24 AM
    People complain/blame Obama when gas prices go up. People complain/blame Obama when gas prices go down. So which is he more responsible for, and is it worse if they go up, or worse if they go down? Darned if he does, darned if he doesn't.
    • reply
      by anon on May 2, 2012 at 07:52 PM in reply to gata
      I don't call the current price per gallon down compared to what we paid for gasoline in the past.
      • reply
        by Anonymous on May 3, 2012 at 09:42 AM in reply to anon
        Exactly. It's like the old retailer's trick of raising prices 75 to 100%, then having a big blow out sale, marking everything down by 50%.
  • by Tallynole Location: Tallahassee, FL on May 2, 2012 at 07:21 AM
    Record highs in July 2008... 2008... AN ELECTION YEAR?!? Must be President Obama's fault because.. Oh wait.. He didn't take office until January of 2009.
    • reply
      by Gainesgator on May 2, 2012 at 02:29 PM in reply to Tallynole
      In Dec. 2008, the last full month that Bush was in office, the national average price for regular gas was $1.61 per gallon. As you have admitted openly, Obama took office the very next month. Would you like to rethink who's to blame?
  • by 1stlttightwad Location: Quitman on May 2, 2012 at 06:08 AM
    Economics 101 or 50 1/2 for the dummies..Commodity prices are based on 2(two) things..Supply and demand, that's all..If the supply is greater than the demand prices go Down..If the supply is less than the demand prices go UP..Obmama outlawed all drillling on federal land( reduced the supply) and prices went UP..Fewer people driving and goods being shipped(demand) brings prices down..Now we have the economy sputtering into obliviion so prices come down..DUH.
    • reply
      by Tallynole on May 2, 2012 at 07:23 AM in reply to 1stlttightwad
      If you seriously believe supply and demand are the only thing that controls commodity prices... I would like to introduce you to a little thing called speculation and how prices really work.
      • reply
        by anon on May 2, 2012 at 07:43 PM in reply to Tallynole
        The commodity traders speculate on the future price of a barrel of crude oil based on SUPPLY and DEMAND. For example, the price of natural gas is historically low based at $2 per thousand cubic feet because of a current large supply.
    • reply
      by Anonymous on May 2, 2012 at 09:29 AM in reply to 1stlttightwad
      I disagree with you tightwad, commodity prices are based on what a trader can sell them for to an investor. Gasoline prices no longer are based on supply and demand but by OPEC and the commodity traders - the higher they sell the more commission they get.
  • by Gerry on May 2, 2012 at 05:13 AM
    As of 17:00 ET, Apr 30, the US borrows for 10 years at 1.91%. Total US national debt on 4/27/12 = $15.624 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.997 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info =
    • reply
      by Anonymous on May 2, 2012 at 09:39 AM in reply to Gerry
      Gerry shows his stupidity yet again.
  • by 2 Hawks Location: Monticello on May 2, 2012 at 04:59 AM
    If you have ever noticed, just before Presidential elections, the gas prices always come down to soften the public and sway them into thinking the President is helping us, when in fact, he is only helping himself!
    • reply
      by Anonymous on May 2, 2012 at 09:37 AM in reply to 2 Hawks
      How easily you forget. during the run-up to the last presidential election in 2008, gas prices spiked up(starting in March) to just over $4.00 and remained high until after the election.
  • by Chicken Gutz on May 2, 2012 at 02:46 AM
    This is Obama's doing. See, presidents have a little joy stick in their office with which they adjust gasoline prices. The market just has to stand aside because, afterall, he's the president.
  • by Willard on May 1, 2012 at 07:10 PM
    Must be Obama's fault.
  • by Anonymous on May 1, 2012 at 06:07 PM
    This article is missing something important: Why are the gas prices falling rapidly? Anyone can see the prices are lower, so that's not news. Report the stuff the public doesn't already know.
    • reply
      by Anonymous on May 2, 2012 at 04:12 AM in reply to Anonymous
      Very good point.
  • by Anonymous on May 1, 2012 at 05:57 PM
    Of course it is. Election is right around the corner!
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