Friday, October 17, 2008

Guzzling Down Gas

I just wonder why it wasn't making the paper everyday like the increases:

"Oil's decline not just a drop in bucket; Gas prices sliding faster than drivers can say fill 'er up" by Erin Ailworth and Nicole Wong, Globe Staff | October 17, 2008

Think you got a deal on that last tank of gas? You might want to check out what it's going for today.

In recent weeks, gasoline prices in Massachusetts have been falling almost as furiously as the stock market on a bad day. Waning demand tied to recession fears has rapidly eroded the value of crude oil, which yesterday dropped to a 14-month low. Pump prices now average $3.15 a gallon, 18 cents lower than a week ago, according to AAA Southern New England, and many stations are selling it for well under $3 a gallon.

But Bob Griffin doesn't bother to ask anyone about prices. He gladly pays more at a full-service Citgo station in Wilmington, where gas was going for $3.70 a gallon last Thursday - 40 cents higher than the Shell station across the street. For 26 years, Griffin said, he has remained loyal to his Citgo station no matter what the numbers on the pump read.

"If they were $5 a gallon, I'd buy gas here," he said. "It's about service." --more--"

Gee, hold on to that guy!!!