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Gas Prices Going Down...How Far Will they Go Down and How Long Will They Drop?

By
Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999

I just came back from an appointment with a tenant moving into one of our rental houses. I was happy to get a new tenant, that I think I'll get along quite well with.  She told me that she has seen For Rent signs all over town.  We have still seen an overabundance of houses for rent in our area of Melbourne Florida, right now.

I am still watching gas prices daily, and look what I found just 2 minutes down the street from me...I was tickled...

Gas Prices Still Going Down

Now this is the cheapest gas I have found, to date.  So, I pulled in, and look what else I found...

Gas Prices Still Going Down

So, I went around the other side of the pumps...AND THE STATION WAS COMPLETELY SOLD OUT!  That shouldn't have been a surprise to me.

Gas Prices Still Going Down

Just 9 days ago, this was the cheapest price I could find here in South Brevard County...

Gas Prices Still Going Down

So, how much further do you think gas prices will fall?

I know that oil prices have dropped, but don't tell me no one has any control of where the gas prices currently are and where they can go and for how long...

I'm betting that in the next week they will be lower than $2.55 a gallon here in Brevard County Florida!

What do you think? And what do prices look like in your area?

Comments (59)

Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Ann, They just keep getting lower, I am keeping my eyes open.  This week I saw $2.50!  Cheap for here!

Oct 30, 2008 02:17 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

$2.24 today!!  I cannot believe it.

Ann

Oct 30, 2008 01:12 PM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Wow Ann, that's great. Let's watch it keep going down!

Oct 30, 2008 10:55 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

Have you noticed it never goes down as fast as it went up....  Why is that?

Ann

Oct 31, 2008 10:04 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Ann, Yes, I have noticed that it never goes down as fast as it goes up.  Interesting isn't it?  Not surprising though!

Nov 01, 2008 01:32 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

$2.15 last night.

Ann

Nov 01, 2008 01:49 AM
Anonymous
Anonymous

$2.o9 at valero in fremont, ca

yay

Nov 20, 2008 12:43 PM
#46
Anonymous
jew

$2.o9 at valero in fremont, ca

yay

Nov 20, 2008 12:44 PM
#47
Paul LeMay
Caretaker Property Services - Tulsa, OK

Good ole Oklahoma down to a 1.65....kind of nice not to have to shell out a 50 to fill up.

Nov 20, 2008 12:46 PM
Sandy Gleason
North Pointe Realty - Buhl, ID
Realtor for Southern Idaho-Magic Valley

$1.99 in Southern Idaho. We finally are seeing them come down. Wow what a blessing

at the pumps. And business is picking up so it not so bad taking people around all

day to 4 different cities.

Nov 20, 2008 01:17 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

$1.64 a gallon here in Missouri.

Ann

Nov 20, 2008 01:21 PM
Jeff and Lisa Sellers
The Sellers Realty Lubbock,TX - Lubbock, TX

$1.67 in Lubbock,TX

Nov 20, 2008 02:09 PM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Ann, Wow $1.64 in Missouri!

 

Hii Jeff and Lisa, $1.67 in Texas! That's great!  Today I saw it for $1.88 here in Melbourne, Florida!  I was tickled!

Nov 21, 2008 06:10 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Paul, Well it sounds like the gas all over is still cheaper then where I am here in Brevard County Florida.  But, don't get me wrong, I'm really not complaining!

Nov 21, 2008 06:22 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

You are not going to believe this but I paid $1.49 a gallon today....

Ann

Nov 21, 2008 01:19 PM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Hi Sandy - I just filled up this afternoon in Henderson NV for $2.03 a gallon. Very happy to see those prices after they were over $4.50 in the summer.

Nov 21, 2008 01:28 PM
Dona Reynolds
Berkshire Hathaway Home Services Stein Summers - Saint Joseph, MO
St. Joseph MO

Hi Sandy-I filled up on Tuesday at $1.65 today they are $1.52 so tomorrow, I going back to re-fill up hopefully at $1.49.  I think it will be very short lived......so keep the tanks FULL.

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Nov 21, 2008 01:54 PM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Ann, Oh my gosh, you're rright- I can't believe it! Incredible!

Hi John, It sounds like your prices there are in line with our prices here.  A bit closer to the $2.00. But I'm also happy to see it.  We never  got up to $4.50 a gallon though!

Nov 21, 2008 10:57 PM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Dona, Around here is keeps dropping too. But, I am also curious to see how short lived it will be. I heard that it will only be until Spring. Let's keep our fingers crossed!

Nov 21, 2008 11:07 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Sandy,

Yes, I am still in disbelief about it!

Ann

Nov 22, 2008 01:03 AM