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Gas Prices are Going Down, Down, Down...Are We Seeing a Pattern Here?

By Sandy Shores FL Realtor®, Melbourne Real Estate

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

November 04, 2008 01:16 AM

I have been following gas prices here in Melbourne Florida for sometime now.

Here's what I found yesterday, November 3, 2008>

Gas Prices Going Down, Down, Down

I was so tickled the other day, because I was able to fill up my van for just under $45.00.

It cost nearly $70.00 for a fill up back when prices were over $3.50 a gallon.

Here are the prices at the same station on October 26, 2008>

Gas Prices Going Down, Down, Down

And here are prices over on the beachside in Melbourne Beach Florida on October 17, 2008>

Gas Prices Going Down, Down, Down

I hope that gasoline continues on the downward trend.

I know that in some parts of the Midwest some are boasting prices below $2.00 a gallon.

Now, I'll admit, I can't wait to see prices around here in Brevard County Florida drop that much.

Does this drastic reduction in prices sound familiar?

How about the tech stock market bubble which burst?

Then, the real estate bubble which burst?

Now, here we are with the oil bubble which is bursting.

See a pattern here?

We saw it coming. The big oil companies could not continue gouging the consumer in tough economic times, times of recession, with the threat of a depression coming. Thus, consumer consumption has dropped off...

and you know the rest of the story...

How much are you paying for gas in your part of the country?

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Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Ellie, I love the fact that gas prices are coming down. Thank goodness for a decline in prices somewhere today.

Nov 04, 2008 02:54 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 Jim, Love to hear that prices are nearing the $2.00 a gallon mark (and some are below). Funny how our perspective changes - used to be that was expensive!

Nov 04, 2008 02:57 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 Randall, That's interesting. I hope that's incorrect. We'll have to wait and see. BP typically has some of the cheapest prices in our town!

Nov 04, 2008 02:58 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 Brian, Good point- let's see how this will effect those efficient cars. But, how long will gas prices stay low or continue dropping?

Nov 04, 2008 02:59 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 Pam, I also will be happy when the elections are over. I hate watching the news to always hear of the doom and gloom - it's depressing to say the least. Take care and hang in there!

Nov 04, 2008 03:02 AM

Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Wow Lou, Hi neighbor! I'll have to hop in my car and make a trip over to Disney to take advantage of that cheap gas that you're bragging about! Lucky you!

Nov 04, 2008 03:03 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, I also love the downward trend in gasoline, and like you said, one of the very few downward trends we like to enjoy. Don't you hate the taxes? - they always get you somehow. Thanks for always coming to visit my blog. I love having you here!

Nov 04, 2008 03:05 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 Julie, Your hummer, huh? How long have you had to have it parked in the garage? Ouch! I bet it kills you on gas. We travel through Georgia to get to my parent's summer home in North Carolina. We have always stopped in Clayton Georgia because we can find the cheapest gas there on our trip from Florida.

Nov 04, 2008 03:07 AM

Jerry Becker

Jerry Becker and Associates - Littleton, CO

Littleton, Colorado

I gassed up at Costco for $2.35 last week and I saw a station over the weekend at $2.19. It's a nice reprieve, but I want to caution you when you blame "big oil". It wasn't oil that drove up prices but speculators and hedge funds, which bet on oil and many other commodities. The oil companies were made the scape goat because they have to file quarterly earnings reports. No hedge fund had to file detailed reports of how much they were making. No that they're in trouble, they're all dumping their commodities they were betting on, like precious metals, agricultural products, and natural resources. If you look, you'll see they're all way off their summer highs. I hope consumers don't start feeling this is over and revert to their old ways, because these prices can go up again, just as fast as they came down.

Nov 04, 2008 03:11 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 Jerry, Thanks for the perspective. I don't believe that it is a different situation than what happened in the real estate industry and the tech stock market. I also hope that consumers don't become compacent in all of this! Take care and have a wonderful week!

Nov 04, 2008 03:43 AM

Rich Mielke

REMAX Results, Frederick MD - Frederick, MD

REALTOR, Frederick Maryland Real Estate

Gas in Frederick Md is as low as $2.19 today. Just a few months ago they were over $4.00 a gallon.

Nov 04, 2008 04:32 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 Rich, Wow, nothing wrong with that! I love it! I hope that it keeps going down. We'll see. Thanks for sharing and thanks for always being here on my blog! Take care!

Nov 04, 2008 05:15 AM

real estate real estate

Providence, RI

It has been 2.23 in my neighborhood for over 3 days. No moving downward yet. I thought that is the bottom.

Nov 04, 2008 07:02 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 Huiting, How are you today? Well I hope that it's not the bottom! We'll have to see. Thanks for stopping by!

Nov 04, 2008 08:11 AM

Marie Meyer

Keller Williams Realty - Central Valley, NY

Orange County New York Realtor

Hi Sandy ... Here too, prices have dropped. I hope it continues!

Nov 04, 2008 09:13 AM

Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Hey Marie, Always great to hear from you. I hope that gas prices continue down too. All we can do is wait and see what happens.

Nov 04, 2008 11:16 PM

Jim Crawford

Long & Foster - Fredericksburg, VA

Jim Crawford Broker Associate Fredericksburg VA

Another .05 less yesterday in Atlanta. $2.14 a gallon now.

Nov 04, 2008 11:43 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 Jim, Wow, just since your post yesterday an additional 5 cents. GREAT NEWS! Let's see how long it continues on a downward trend! Thanks for the update!

Nov 04, 2008 11:48 PM

Jason Keeling

Ryson Real Estate - Galveston, TX

Gas in Texas is cheap! We are at 1.99 around Dickinson and Galveston. It feels so nice! If it was not for that huge hurricane that just tried to wipe us off the map id be in a good mood!

Nov 05, 2008 06:20 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 Jason, Wow, below $2,00 a gallon - that's great! For us here in Brevard County Florida, it seems that the hurricanes and storms that miss up get sucked into the Gulf and head up your way. Stay safe!

Nov 05, 2008 06:32 AM