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Gas prices fall 6.6% in year as demand declines

San Francisco Chronicle -- U.S. gasoline prices, headed to $4 a gallon in April, are closer to $3 at the July Fourth holiday, giving consumers relief and a boost to President Obama's re-election campaign.

Retail prices have fallen 15 percent to $3.329 from a peak of $3.936 on April 4, according to AAA, the largest U.S. motoring group.

They're also 6.6 percent lower than a year ago, underscoring how slowing economies are sapping demand even as an embargo on Iranian oil starts.

Republican criticism of Obama's energy policies has faded as oil fell as much as 29 percent from this year's high in February and stockpiles ballooned to the most in 22 years.

Americans bought less gasoline in the four weeks ended June 26 than a year earlier, even as prices dropped, data show.

Last month, the Federal Reserve cut its

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Submitted Jul 04, 2012 By: angel4me

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Roteque Champion Author Miami Posts:639,542 Points:1,346,165 Joined:Feb 2009	Message Posted: Jul 8, 2012 10:56:26 AM Ignore Roteque Report Abuse I dont care about Europe...I live in America and those are the ONLY prices that interest me !!!!
Roteque Champion Author Miami Posts:639,542 Points:1,346,165 Joined:Feb 2009	Message Posted: Jul 8, 2012 10:55:13 AM Ignore Roteque Report Abuse Prices in S Fla steadily climbing up since July 3rd....ALL goinn up !!!
Hobby001 Champion Author Michigan Posts:5,093 Points:1,183,965 Joined:Jul 2007	Message Posted: Jul 8, 2012 5:29:51 AM Ignore Hobby001 Report Abuse Gasoline cost $1.84 per gallon in 2009.
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Jul 8, 2012 5:17:28 AM Ignore honda0105 Report Abuse another 10 cents in the past day. Up, not down.
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Jul 7, 2012 7:48:21 AM Ignore honda0105 Report Abuse going up here. from 289 to 305 in less than a week.
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,005 Joined:Mar 2003	Message Posted: Jul 6, 2012 7:04:01 AM Ignore sydb7 Report Abuse Gas prices are falling upwards here!
DanMtz Champion Author Oakland Posts:3,345 Points:1,241,375 Joined:Oct 2009	Message Posted: Jul 5, 2012 9:05:18 AM Ignore DanMtz Report Abuse No need to buy as much gas when you don't have a job.
remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Jul 5, 2012 7:12:11 AM Ignore remay Report Abuse More along the price they SHOULD be... ALMOST!
07skydriver Champion Author Ohio Posts:3,255 Points:982,130 Joined:Feb 2009	Message Posted: Jul 5, 2012 5:49:46 AM Ignore 07skydriver Report Abuse Just stay home.
Chris46 Champion Author Dayton Posts:23,656 Points:2,080,405 Joined:Sep 2005	Message Posted: Jul 5, 2012 4:36:29 AM Ignore Chris46 Report Abuse I'm pretty sure they haven't fell in Europe.
hank1326 Champion Author Los Angeles Posts:8,909 Points:1,732,835 Joined:Jun 2008	Message Posted: Jul 5, 2012 12:37:13 AM Ignore hank1326 Report Abuse Still outrageously high here.
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Jul 5, 2012 12:23:46 AM Ignore anascom Report Abuse that not true everywhere! that's not the case in Canada unfortunately!
JuicyQ69 All-Star Author San Bernardino Posts:643 Points:1,139,640 Joined:Apr 2009	Message Posted: Jul 5, 2012 12:11:16 AM Ignore JuicyQ69 Report Abuse You got to be "keedeen" me man!
lunarrv15 Champion Author Cincinnati Posts:14,862 Points:2,384,335 Joined:Dec 2005	Message Posted: Jul 4, 2012 10:46:38 PM Ignore lunarrv15 Report Abuse okay...interesting thanks for posting
LV_Mike1 Sophomore Author Las Vegas Posts:219 Points:45,290 Joined:Aug 2003	Message Posted: Jul 4, 2012 10:32:16 PM Ignore LV_Mike1 Report Abuse Blaming Pres. Obama for the gas prices is the stupidist thing I ever heard of! There 'aint a damn thing he or any other American president could do as far as gas prices are concerned, and you people know it! Just another Republican scare tactic that 'aint gonna work this time brothers! Gas will drop even more than it is today!
hatterasjack Champion Author South Carolina Posts:1,296 Points:725,225 Joined:Sep 2007	Message Posted: Jul 4, 2012 10:27:25 PM Ignore hatterasjack Report Abuse $2.91 a gallon for South Carolina would be high for Spartanburg. Costco is $2.75 and most other stations are in the upper $2.70s.
carman11 Champion Author North Carolina Posts:3,332 Points:690,750 Joined:Jun 2011	Message Posted: Jul 4, 2012 10:09:33 PM Ignore carman11 Report Abuse Lets not say republicans criticis Obama's policies, just the smart people
bababooey2 Champion Author Hartford Posts:6,342 Points:1,301,640 Joined:Sep 2009	Message Posted: Jul 4, 2012 10:03:27 PM Ignore bababooey2 Report Abuse Keep going down.
JimVP All-Star Author Chicago Posts:632 Points:153,760 Joined:Sep 2011	Message Posted: Jul 4, 2012 9:59:46 PM Ignore JimVP Report Abuse Seems we have just gotten use to high prices.
mrbee Champion Author Little Rock Posts:3,749 Points:2,464,855 Joined:Oct 2005	Message Posted: Jul 4, 2012 9:59:16 PM Ignore mrbee Report Abuse Some gas stations here did not raise at all.
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: Jul 4, 2012 9:58:40 PM Ignore n3tbc Report Abuse ok
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Jul 4, 2012 9:57:59 PM Ignore jessek Report Abuse Sounds good
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: Jul 4, 2012 9:56:06 PM Ignore LCSTEELERBOB Report Abuse IN THE LAST 2 DAYS GAS HAS GONE UP $.30 TO $.40 CENTS A GAL
tspaldi Champion Author Provo Posts:6,019 Points:934,740 Joined:Sep 2010	Message Posted: Jul 4, 2012 9:55:07 PM Ignore tspaldi Report Abuse 3 1/2 years of paying through the nose now prices drop .50¢ and Oboma gets a boost? What short memories we Americans have! Obama should have done something years ago!
MDTDriver Champion Author California Posts:9,724 Points:2,154,645 Joined:Jul 2006	Message Posted: Jul 4, 2012 9:52:54 PM Ignore MDTDriver Report Abuse So Tues. article did not come TRUE!
aarrrt Champion Author San Diego Posts:7,266 Points:1,651,345 Joined:May 2008	Message Posted: Jul 4, 2012 9:52:50 PM Ignore aarrrt Report Abuse Vote wisely. Socialism never works.
whaboush Champion Author Richmond Posts:1,233 Points:730,660 Joined:Nov 2010	Message Posted: Jul 4, 2012 9:52:26 PM Ignore whaboush Report Abuse "a boost to President Obama's re-election campaign" BOOO!!! Hisss!!! I smell a rat!
GigHarborHound Champion Author Tacoma Posts:2,527 Points:486,540 Joined:Sep 2011	Message Posted: Jul 4, 2012 9:50:10 PM Ignore GigHarborHound Report Abuse But the private sector is doing just fine!!
gsayeg1 All-Star Author Milwaukee Posts:780 Points:139,365 Joined:Jun 2008	Message Posted: Jul 4, 2012 9:49:13 PM Ignore gsayeg1 Report Abuse Stumbling economy???? Hey according to our cracker jack president we are flying!!!!!!!!!!!!
preacherjohn Champion Author Modesto Posts:3,982 Points:1,917,850 Joined:May 2006	Message Posted: Jul 4, 2012 9:48:51 PM Ignore preacherjohn Report Abuse I can't see how demand has fallen when there are more motorist on the road.
Kawibiker Champion Author Illinois Posts:1,170 Points:204,475 Joined:May 2012	Message Posted: Jul 4, 2012 9:48:34 PM Ignore Kawibiker Report Abuse It needs to go down down down.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Jul 4, 2012 9:47:41 PM Ignore CPGas1815 Report Abuse I wish local prices had fallen 6% but our BP gas gouger just would not play fair. By my calculations local prices decreased only 4.2%
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: Jul 4, 2012 9:47:19 PM Ignore jdc17327 Report Abuse okie dokie!
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:460,700 Joined:May 2011	Message Posted: Jul 4, 2012 9:46:37 PM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
FlyNFool Champion Author South Carolina Posts:8,239 Points:1,684,225 Joined:Aug 2008	Message Posted: Jul 4, 2012 9:45:19 PM Ignore FlyNFool Report Abuse Watch how low it will go with a stumbling economy.
N5EXY Champion Author Austin Posts:5,487 Points:1,509,105 Joined:Jul 2004	Message Posted: Jul 4, 2012 9:43:21 PM Ignore N5EXY Report Abuse 125 days until the November ejection.
satrn38mpg Champion Author Raleigh Posts:5,062 Points:1,052,065 Joined:Sep 2009	Message Posted: Jul 4, 2012 9:42:48 PM Ignore satrn38mpg Report Abuse ok
GLM4205 Champion Author Toledo Posts:4,052 Points:799,320 Joined:Dec 2010	Message Posted: Jul 4, 2012 9:41:29 PM Ignore GLM4205 Report Abuse We have a long way to go.
MacDad614 Champion Author Atlanta Posts:3,030 Points:1,175,895 Joined:Aug 2008	Message Posted: Jul 4, 2012 9:40:43 PM Ignore MacDad614 Report Abuse But then Big Oil spreads more rumors about threats from Iran.
alaskareed Champion Author Alaska Posts:1,585 Points:700,980 Joined:Feb 2011	Message Posted: Jul 4, 2012 9:40:34 PM Ignore alaskareed Report Abuse when we don't buy they got no money and we save loss, when we buy they get more and we have less
drz614 Champion Author Harrisburg Posts:2,294 Points:596,645 Joined:Aug 2011	Message Posted: Jul 4, 2012 9:38:16 PM Ignore drz614 Report Abuse ok
gilfarm Champion Author Alabama Posts:6,791 Points:1,947,865 Joined:Sep 2005	Message Posted: Jul 4, 2012 9:37:09 PM Ignore gilfarm Report Abuse Come on down!
my2002m Champion Author Tulsa Posts:6,069 Points:1,669,325 Joined:Jul 2008	Message Posted: Jul 4, 2012 9:37:01 PM Ignore my2002m Report Abuse Need to fall even further.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Jul 4, 2012 9:35:05 PM Ignore Jeeputtputt Report Abuse taken out uf context, don't compare the greed high prices, look at cost of living in general for 10=12 years and pay increases etc..
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Jul 4, 2012 9:35:02 PM Ignore WIPACKERFAN Report Abuse Obama had nothing to do with the reduction.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Jul 4, 2012 9:33:57 PM Ignore mstearno Report Abuse no jobs will do that to ya
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Jul 4, 2012 9:31:42 PM Ignore iceman11 Report Abuse Hmmmmmm
carloco75 Champion Author Richmond Posts:3,711 Points:599,390 Joined:Oct 2010	Message Posted: Jul 4, 2012 9:26:04 PM Ignore carloco75 Report Abuse Cross you fingers...
bra0712 Champion Author Arizona Posts:3,655 Points:767,370 Joined:Nov 2008	Message Posted: Jul 4, 2012 9:26:02 PM Ignore bra0712 Report Abuse Keep dropping
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Jul 4, 2012 9:23:45 PM Ignore wayoung56 Report Abuse Manipulating prices to attempt to re-elect Obama maybe???