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Gas prices dip; lowest recorded since 2010

By Staff | Nov 5, 2014

MEL TOADVINE Regular gas has dropped in Lehigh below the $3 level and is expected to go even lower.

Don’t blink your eyes too quickly or you may see gasoline prices in Lehigh drop even more this week.

By the end of last week, gasoline prices in Lehigh were below the $3 mark and motorist were smiling as they filled their tanks. The lowest gas was being sold at Citgo and Walmart Murphy Gas on Lee Boulevard.

By today, they are expected to be even a few cents lower.

According to GasBuddy.com, an Internet site that keep records and reports of gasoline prices across the nation, it said that as gas prices continue to slide to levels last seen in December of 2010, more than one-half of the nation’s gas station are offering regular gasoline at prices below $3 per gallon today.

Linda Saul, a volunteer at the Greater Lehigh Acres Chamber of Commerce, laughed when asked what she thought about the huge drop in gas in Lehigh and said “I think that they should drop a heck of a lot more.”

Donna Cavendar

Local Realtor Donna Cavendar says she is glad the price has dropped but has noted in the past that it goes up and then down and back up again.

“I hope this time the gasoline prices continue to drop more. I’d love to see them get down to $2.50 a gallon or lower if possible. We’re got a lot of oil in this country and there is no reason to keep it high.

Cavendar said the lower gasoline prices are good for Lehigh.

“You know, we are a bedroom community for Fort Myers and the vast majority of people here who have jobs have to drive to Fort Myers and when gas is high, it has taken a toll out of their pockets so they cannot buy other things such as food.

“Lower gas prices are great for our residents.”

Inke Baker

The GasBuddy web site gathers information from more than 133,000 gas stations.

The drop in gasoline below the $3 mark arrived in Lehigh last Thursday.

The lowest priced metro area in the county this past weekend was in Chattanooga, Tenn., where the average was $2.66.

And the lowest price by the weekend in the U.S. was at an Exxon in Memphis, Tenn., where the price was $2.39 Thursday and Friday.

Inke Baker, the executive director and CEO at the Greater Lehigh Acres Chamber of Commerce, who has her eyes on Lehigh said she was happy to see the downward trend.

“It’s a great break for Leigh with all the commuters to other areas for work and for pleasure. I hope it keeps its low levels now before Christmas. It will help a lot of people. Let’s hope it gets lower as Thanksgiving is approaching,” she said.

Gasoline prices often fall in price this time of the year, but have fallen more swiftly than typical due to the sharply declining price of crude oil.

What people pay at the pump accounts for about two-thirds of the price consumers pay for gasoline, which means, barring any other factors, gas prices will keep declining as long as crude oil prices do the same.

One way to look at the decline is that the lower prices today are six and seven cents less than a week ago and about 25 cents less than on this date a year ago. According to those watching the prices, the national average for gasoline has dropped for more than 32 straight days.

Gas prices dip; lowest recorded since 2010

By Staff | Nov 5, 2014

MEL TOADVINE Regular gas has dropped in Lehigh below the $3 level and is expected to go even lower.

Don’t blink your eyes too quickly or you may see gasoline prices in Lehigh drop even more this week.

By the end of last week, gasoline prices in Lehigh were below the $3 mark and motorist were smiling as they filled their tanks. The lowest gas was being sold at Citgo and Walmart Murphy Gas on Lee Boulevard.

By today, they are expected to be even a few cents lower.

According to GasBuddy.com, an Internet site that keep records and reports of gasoline prices across the nation, it said that as gas prices continue to slide to levels last seen in December of 2010, more than one-half of the nation’s gas station are offering regular gasoline at prices below $3 per gallon today.

Linda Saul, a volunteer at the Greater Lehigh Acres Chamber of Commerce, laughed when asked what she thought about the huge drop in gas in Lehigh and said “I think that they should drop a heck of a lot more.”

Donna Cavendar

Local Realtor Donna Cavendar says she is glad the price has dropped but has noted in the past that it goes up and then down and back up again.

“I hope this time the gasoline prices continue to drop more. I’d love to see them get down to $2.50 a gallon or lower if possible. We’re got a lot of oil in this country and there is no reason to keep it high.

Cavendar said the lower gasoline prices are good for Lehigh.

“You know, we are a bedroom community for Fort Myers and the vast majority of people here who have jobs have to drive to Fort Myers and when gas is high, it has taken a toll out of their pockets so they cannot buy other things such as food.

“Lower gas prices are great for our residents.”

Inke Baker

The GasBuddy web site gathers information from more than 133,000 gas stations.

The drop in gasoline below the $3 mark arrived in Lehigh last Thursday.

The lowest priced metro area in the county this past weekend was in Chattanooga, Tenn., where the average was $2.66.

And the lowest price by the weekend in the U.S. was at an Exxon in Memphis, Tenn., where the price was $2.39 Thursday and Friday.

Inke Baker, the executive director and CEO at the Greater Lehigh Acres Chamber of Commerce, who has her eyes on Lehigh said she was happy to see the downward trend.

“It’s a great break for Leigh with all the commuters to other areas for work and for pleasure. I hope it keeps its low levels now before Christmas. It will help a lot of people. Let’s hope it gets lower as Thanksgiving is approaching,” she said.

Gasoline prices often fall in price this time of the year, but have fallen more swiftly than typical due to the sharply declining price of crude oil.

What people pay at the pump accounts for about two-thirds of the price consumers pay for gasoline, which means, barring any other factors, gas prices will keep declining as long as crude oil prices do the same.

One way to look at the decline is that the lower prices today are six and seven cents less than a week ago and about 25 cents less than on this date a year ago. According to those watching the prices, the national average for gasoline has dropped for more than 32 straight days.