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US government reports gas price drop in April

  1. Jun 14, 2008 #1
    According to the US government Consumer Price Index, the price of gasoline dropped in April. I kid you not. I was a 0.2% drop. So how many of you experienced this drop in April? Some areas must have had a BIG drop to compensate for the BIG rise in my town.
     
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  3. Jun 14, 2008 #2

    loseyourname

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    I haven't seen the price drop here in LA/Orange County in the year since I've moved back.
     
  4. Jun 14, 2008 #3
    I'm calling BS on this. No way gas prices went down.
     
  5. Jun 14, 2008 #4

    Astronuc

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    Gasoline prices may have flattened or dropped in April, but only brielfy. Prices have been rising through May and June as far as I can tell.
     
  6. Jun 14, 2008 #5

    Evo

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    There was about a .10 cent price drop for a couple of days, it made me mad I filled up then the price dropped back to around $2.54, now it's up to $3.85. And I still don't see any less traffic. Sunday afternoon and it's like the entire city is out joyriding. Idiots.
     
  7. Jun 15, 2008 #6

    Astronuc

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    Regular just hit $4.29/gal nearby us.

    Some people in this area only put in $10 or $20 of gasoline, i.e. they don't fill up.


    We have started to see SUV's and large cars for sale all over the area. Apparently local dealers are refusing delivery of new SUV's. All of a sudden, I see brand new hybrids (e.g. Toyota Prius and Honda Civic Hybrids) more frequently.
     
  8. Jun 15, 2008 #7
    No BS. The government really reported a drop (after their screwball adjustments of course). See:

    http://www.usatoday.com/money/economy/2008-05-14-consumer-prices_N.htm

    What I am really interested in is a debate on whether there is truly inflation running in the US (some economists claim a rate as high as 12%) or whether the government (with its adjustments) is correct that inflation is under control.

    I just couldn't resist an attempt sarcastic humor in the first post. Of course what makes it funny is that gasoline actually rose 10% in April. No one in their right mind thinks that it went down. But still the government is reporting such:

    http://bigpicture.typepad.com/comments/2008/05/us-inflation-mi.html
     
    Last edited: Jun 15, 2008
  9. Jun 15, 2008 #8

    lisab

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    That's about what a gallon is going for now in the Seattle-Tacoma area.

    I'm starting to see a lot of scooters around town - that's new! The silver lining of this mess: 18-wheelers are driving much, much slower - even following the speed limit :smile: . But I sure feel bad for the owner-operators.
     
  10. Jun 15, 2008 #9

    Astronuc

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    The point is -
    However, gasoline prices have increased well beyond their seasonal norms.

    But inflation affects people differently according to income. A person who makes $20 K /yr will feel a lot more pain with increase in food prices than someone making $100 K or $200 K /yr.
     
  11. Jun 15, 2008 #10
  12. Jun 15, 2008 #11

    Vanadium 50

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    0.2%? That's less than a penny per gallon. Hard to see how that would even be noticeable, much less BS.
     
  13. Jun 15, 2008 #12

    loseyourname

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    Gas is around $4.60 - $4.70 a gallon around here and there has been a very noticeable dropoff in highway traffic. It's been about the only pleasant side effect. People are finally starting to drive less.
     
  14. Jun 15, 2008 #13
    Noticed nothing. Back in April gas in this area was almost 4.30 for 91, now it's nearly 4.80 for 91.

    I think there were some short-term drops but the prices came back with vengeance.
     
  15. Jun 15, 2008 #14
    I haven't really noticed any drop in traffic unfortunately. And those prices are killing me.


    I vaguely remember prices going down just a bit not that long ago and my naive hope it would continue.
     
  16. Jun 15, 2008 #15

    lisab

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    I've noticed that too, and it's not just anecdotal. Our state Department of Transportation reported that traffic has dropped 2 to 3% in recent months. Doesn't sound like much but I definately have noticed.
     
  17. Jun 15, 2008 #16

    Dale

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    Agreed. People complain about high gas prices and then do nothing to reduce demand. If demand doesn't go down then the price isn't actually too high. I hope the others on this thread are right and that demand is dropping somewhere, I cannot see it here either.

    I wonder if one result of this will be more "work from home" arrangements.
     
    Last edited: Jun 15, 2008
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