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September 12, 2006

Falling Gas Prices Just in Time for Ski Season

ABC News reports on falling gas prices:

There's good news for drivers these days. In the last week, gas prices have fallen 11 cents to about $2.62 a gallon.

Since mid-August, the average price at the pump has fallen 42 cents from a summer high of $3.04. That means you'll save about $38 this month if your family has two cars.

Earlier this summer, "Good Morning America" financial contributor Mellody Hobson predicted prices would drop after Labor Day. Hobson says it's all about supply and demand, and it's finally working in our favor. The peak summer driving season just ended, so demand is down and inventories are up.

I have a Chevy Avalanche that is my ski rig. 4x4 which is mandatory, plus covered gear storage for all of our gear, boards, bags, etc. Averages 17 MPG on the highway if I am not doing 85 MPH and a trip to Brian Head takes a tank each way at a cost of $75-100 depending on prices.

Most pumps stop pumping automatically at $75, and lately it has been taking more than that to fill it when I run it near empty. It has a 30 gallon capacity, bone dry, so at $3.00 per gallon, that is $90.00. I have gotten it as high as $100. As often as I go back and forth, the lower prices will really help. $.50 a gallon at 30 gallons saves me $30 a trip north ($15 each way). That almost pays for a burger in the lodge.

Posted by Justin at September 12, 2006 11:23 AM