Monday, November 24, 2008

Orlando Gas Prices

Orlando Gas PricesThis picture was taken north of the Orlando International Airport on Saturday, November 22, 2008.  The price of a gallon of gas in Orlando is now cheaper than it has been in years. I left Orlando right after Hurricane Katrina. Gas prices were approaching $3.00 in those days.

Although gas prices in Saipan broke $5.00 back in July, they have dropped to the mid-three dollar range since the price of a barrel of oil has dropped to under $50.

Gas prices in the lower 48 are clearly dropping much faster than gas prices in Saipan.  Gas in Saipan has always been more expensive than gas in the mainland, but I don't remember it ever being over $1.50 more expensive. Is something fishy going on or is it just taking longer for the prices in Saipan to self-adjust?

I hope it is the latter. If historical comparisons hold, we can look forward to $2.50 gas in the near future.

3 comments:

DATALIG said...

Just filled up my SUV at Costco in Wilsonville, OR at $1.75 a gallon. Can't remember the last time I saw that price.....maybe in the mid-90's on Saipan.

Lil' Hammerhead said...

There is no way around it.. we are being taken incredible advantage of by the pseudo-monopolistic fuel providers. Our institutions do not have the sophistication enough to challenge the gouging.

Jennifer said...

I moved from Saipan to Alabama a year ago and everytime I start to miss home I go to the gas station and stare at the sign that says $1.71 and immediately start to feel better =)