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Watching gas prices fall has been one of the most enjoyable experinces of the year for me.  On average I drive about 30,000 miles a year so any time gas prices come down its like I’m getting a raise. 

Back on October 29th I wrote a post the day gas fell below $2.00 a gallon. In that post I jokingly speculated that gas would fall below $1.00 a gallon. It hasn’t happened yet but my fingers are officially crossed.

Gas Prices Kansas City

I’ve heard several different theories about why gas has fallen in price so sharply. I don’t claim to be any kind of expert but I don’t think its because people are driving less.  I’m sure like many markets gas prices are heavily manipulated but I’m not an economist so I don’t bother trying to understand.

All I know is that gas is cheap and apperently its getting cheaper by the day.  I’m grateful for these low prices. $4 a gallon was killing me during the summer.

If and when the prices do fall below $1 a gallon I will make sure to let everyone know.

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15 Comments on Gas is $1.29 in Kansas City Fingers Crossed For $1 a Gallon

DEC
13
2008
176,410 Points

Justin we never saw 1.29, but it did get to 1.37 at a few stations.  If I never see 4.00 a gal again it will be too soon.
10:23pm • #1
129,092 Points 3 Featured Posts

Jack -- You said it that $4 a gallon gas was a killer.
10:26pm • #2
Outside Blog

Gas is anywhere from $1.55 to $172 here in NC, but I'm not complaining.  I honestly never thought we'd see gas below $2.50 ever again.  Justin I drive 30,000 miles a year also and high gas prices really ate into my budget. 
11:02pm • #3
445,289 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Airline tickets increased during the summer when the price of gas increased.  One would expect airline prices to decrease now that the gas prices have decreased.  I wonder what would be the explanation from the industry.
11:35pm • #4
1 Featured Post

The $4/gal should have never happened.  It was torture.
11:41pm • #5
DEC
14
2008
538,546 Points 6 Featured Posts

Hi Justin:

The lowest in our area here today was $1.499 (Ocean County, NJ) of which I filled up!
12:08am • #6
337,652 Points 2 Featured Posts Called Shot Master

Too bad for all the speculators who bought oil at $100 a barrel or more.  I believe THEY are the reason that prices went sky high.  We'll see if that's true next July.
6:37am • #7
349,561 Points 7 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Well, it will be interesting to see where this gas story goes. Hope your finger crossing will help

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8:39am • #8
129,092 Points 3 Featured Posts

Jake --Having these lower gas prices has been very helpful.

Sun City -- I would think that both airplane tickets and food prices would decrease.

Trunda -- Agreed I hope it doesn't happen again.

Toula -- It's amazing to see how close gas prices are getting around the country.

Kenneth -- You could be right.

Anne -- I'm really hoping it gets below $1 that would be so awesome.
10:17am • #9
510,459 Points 25 Featured Posts Outside Blog Attended Rain Camp

Wow Justin,  Here is it $1.59 and we are tickled about that.  Gas probably will be worth under $1.00 a gallon, but people will be buying it with $1.00 that is no longer worth a dollar anymore. Sad, but true.
11:01am • #10
129,092 Points 3 Featured Posts

Sandy -- Very true inflation is still a huge issue.
11:51am • #11
731,664 Points 144 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

WOW! I wouldn't have believed it without the pic! and I thought our lowest of 1.39 was the cheapest!
3:28pm • #12
129,092 Points 3 Featured Posts

Greg -- What's surprising to me is that gas prices are getting so close across the country.  Just a few months ago there was significant variance from state to state.  Even your just 10 cents away.
7:36pm • #13
DEC
18
2008
584,343 Points 3 Featured Posts Outside Blog Called Shot Master

Our gas just went up a couple of days ago...hmm, how convenient right before Christmas!
11:18pm • #14
DEC
19
2008

Gas fell to $1.599 here last Tuesday when I filled up. They are now up to $1.649 this afternoon.
6:39pm • #15

What does the graphic say?

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Justin Ukaoma : Kansas City Real Estate Investments

Kansas City, MO

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