Gas Prices Fall Below $2.00 Per Gallon

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Posted: 5:35 PM Oct 31, 2008
Last Updated: 5:34 PM Oct 31, 2008

41 comments

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What a welcome sight it is! Gas prices dropped Friday to a level not seen in Lexington for years.

For the first time in close to three years years, gas prices are below two dollars a gallon.

They dropped in the morning and kept falling all day. One station on Augusta Drive was selling gas for $1.99 as of Friday afternoon.

Prices at the pump continue to fall because the price of crude oil is leading the way.

A barrel of oil is now selling for $67.81. Over the course of the month of October, the price of crude oil fell 32%.

The price at the pump has dropped by about half since it peak this summer. That drop is expected
to result in a staggering $100 billion in annual savings for American households.

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Comments are posted from viewers like you and do not always reflect the views of this station.

Posted by: Billy Location: Buford Georgia on Nov 14, 2008 at 06:48 PM
Do you drive the same amount to go to work,school,grocery store or just about anywhere....I bet you do. So does the China man, the Europeans, and the Soviets. There is no demand about it, its the investors. And Bush is leaving office

Posted by: jennifer Location: burton michigan on Nov 11, 2008 at 04:44 PM
it sure is great to see the price of fuel go down to below $2.00 a gallon(1.97 here in burton).But remember when the gas kept rising and then our grocery bill went on the rise(milk $3.19 gallon, eggs $1.69 dozen, ground beef $1.99lb,etc...) they(government)said the prices of food was going up due to the price of diesel fuel our truck drivers were paying just to transport our food all over the states! well, the price of regular unleaded has been cut in half, and the diesel fuel here is at $2.89 gallon, big difference from a month ago when it was at nearly $5.00 a gallon!!! Shouldn't someone be checking into this overlooked problem for us, the consumers, the people???concerned citizen

Posted by: Judy Location: Pineville on Nov 4, 2008 at 07:30 PM
The reason I said I wasn't taking my mom to vote, I was being a smart a** because E. from Central Kentucky was acting like I was a dumb hillbilly because I am from Pineville. I would take my mom anywhere she wants to go and she knows that. She is 88 years old and we really should have got her an absentee vote but we didn't think of it in time.....Everyone has a right to vote the way they see fit.....

Posted by: obama supporter Location: Irvine on Nov 4, 2008 at 05:49 PM
sick of liberals? i'm sick of all of this divided business... united we stand divided we fall!! Everyone should just decide to get along, stop name calling and try to see the other side's point of view with an open mind! The president doesn't have all that much power anyways!!! OBAMA 08!!!!!!!!!!!!!!!!!!

Posted by: ukkra_z Location: Lexington on Nov 4, 2008 at 05:17 PM
This is a response to sick of liberals post. I don't know about you, but I lived a lot better under the Clinton administration. Funny but as soon as Bush/Cheney took office, it was a down hill slide. You can't blame it on a democratic congress either because who has the final say....you got it, the PRESIDENT. Oh by the way, your a real Bush supporter, did you get get some of that $700 billion dollar bailout before all of the Wall Street execs went on their vacations with it?

Posted by: sick of liberals Location: Somerset on Nov 4, 2008 at 03:07 PM
Ok, my comment is in response to obama suporter out of irvine. first of all, during an interview, obama stated something about his "muslim faith". after being questioned by a reporter, he quickly changed his statement to "Christian". and yes, it's a lot different him being a muslim than JFK being a catholic--we are not at war with catholics. do you remember 9-11? if you look at the past 2 years, since this country elected a DEMOCRATIC CONGRESS, that's when gas prices shot up, and the economy got into such a hoopla. don't blame bush/cheney my friend---blame the democratic congress. gas prices will more than likely go back up after the election--oh well. if you can't afford your gas, buy an economy car instead of a gas guzzling SUV. don't blame the republicans because you are living way beyond your means.

Posted by: Bert Location: Lexington on Nov 4, 2008 at 02:31 PM
Hey, Val, what intellectual giant over there in Winchester gave you that info that Obama doesn't believe in God? And why does every word out of a Clark County mouth begin with, "Well, I heard..." Get a life.

Posted by: EB on Nov 4, 2008 at 12:55 PM
Judy, How dare you deny your mother her right to vote. Didn't she bring you up better than that? I hope she doens't depend on you to get her to the doctor or hospital for medical help. Here's hoping she has cut you out of the will.

Posted by: mark Location: georgetown on Nov 4, 2008 at 11:43 AM
To:Judy. Shame on you for not taking your mother to vote because she would kill your vote. You are denying her one of her rights as an American citizen. I hope when you get old and cannot drive or do for yourself your children will be as considerate as you!

Posted by: Jack Location: Pike County on Nov 4, 2008 at 09:23 AM
You're right John, the price went down because we quit buying it. Keep it up, buy at Save-A-Lot and Big-Lots, by-pass the higher priced grocery stores. It's time we let Congress and Wall Street know that we the people are America, not them. Like I've said before, if we don't spend it you don't get it.

Posted by: Judy Location: Pineville on Nov 3, 2008 at 08:24 PM
To: E, Central Ky......I am proud to be from Pineville. And I have you know that my mom is a hard core democrat. I am not even taking her to vote because she would just vote for Obama and kill my vote....

Posted by: k Location: p-burg on Nov 3, 2008 at 05:27 PM
Funny thing, gas is still $2.39 in The Eastern part of the state. Guess we are just all a bunch of dumb hillbillies. and cant tell the difference. Oh I bet it cost mory to haul it here than Lexington, Humm let me see, it is 60 mi. to Floyd Co. and 120 Mi. to Lexington, Guess it cost more to haul it 60 than 120?? What a gouge, becdause it will be back up after tuesday...

Posted by: David Location: Gtown on Nov 3, 2008 at 01:04 PM
Prices went up last year on election day, so fill up tonight.

Posted by: XXX on Nov 3, 2008 at 11:16 AM
Judy, What does Obama being a Muslim have to do with anything........JFK was a Cath. and we voted for him.....It's just a stereotype....Not all Muslims are bad people........And, if it is so bad that Obama would be Muslim then isn't it bad that Bush proclaims to be a Christian but yet still starts a foolish war which in turn has broke more than one of the Ten Commandments.....Don't judge a man because of his religion nor his color....

Posted by: obama supporter Location: Irvine on Nov 3, 2008 at 10:07 AM
Judy, it's been proven quite a few times that Obama is NOT a "MUSLIM" If you're going to accuse someone of being something, at least learn how to spell it. Quit being a closed minded republican and see the bigger picture. $100 says that no matter the outcome of the election, gas prices will go back up as long as Bush is in office.

Posted by: johnnyt on Nov 3, 2008 at 10:01 AM
the cost of food has more to do with less money in our pockets than gas. the reason food is expensive is not because of gas, it is because corn prices have tripled. 75% of all food we consume has a corn based product in it. meat, dairy? corn feed. high fructose CORN syrup. modified corn starches all are more expensive due to the fact that we are now producing alot more ethenol (e-85 gasoline. when gas was $4.00 a gallon i was spending $100 dollars a month more, but with food prices being so high i am spending about $250 more a month. high gas prices dont bother me as much as the high food prices.

Posted by: val Location: clark co. on Nov 3, 2008 at 09:19 AM
Better fill your cars up now before it goes back up after election.And to Good grief,I heard Obama does not believe in God.

Posted by: TG on Nov 3, 2008 at 08:29 AM
Lucille, I like your post. I too, blame the current administration on everything that has happened to this country. I lived lot's better during the Clinton admin. Bush and Chenney have put this country in such bad times that it will take forever to get out, if we do! I served my country during the VN era but this war we are in now was the direct result of Bush and Chenney over black gold, OIL.. I support our troups over there but I am not in agreement with the way the war was started. We are fighting a war in the middle of oil country!! What better way for those countries to get back at the US and break us where it hurt's the most, in our wallets !! Bet on it, BUSH and CHENNY have filled their bank accounts with oil money!! And, remember, Haliburton had all the support lined up and ready to go when the war started. Who was the former CEO ???? CHENNEY !!!! In due time, it will be noted that these two will go down in history as the worst two that has ever served or held office........

Posted by: E Location: Central Ky on Nov 3, 2008 at 07:23 AM
Judy, it's no surprise at all that you are from Pineville. I see you are following your Aunt Mom & Uncle Dad's philisophy.

Posted by: Anonymous Location: ky on Nov 3, 2008 at 06:59 AM
yea, gas has finally dropped to 1.99 in areas of ky but in my area here in floyd county ky some stations are still selling at 2.49! I want to know why!

Posted by: Jen Location: Nicholasville on Nov 3, 2008 at 01:01 AM
Don't get your hopes up, We all know these prices will sky rocket back up the charts after the election! It's a shame!

Posted by: Good grief Location: KY on Nov 2, 2008 at 07:47 PM
I'm thinking about Obama being 'muslin' and laughing hilariously. I've heard him called a lot of things, but 'muslin' is a first.

Posted by: Judy Location: Pineville on Nov 2, 2008 at 09:00 AM
I am thankful that the gas prices have gone down. But it is just too late. They have already broke the economy. With groceries and everything else gone up. People keep blaming everything on Bush, but he had a democrate congress and he couldn't do anything they didn't want him to do. If people vote Obama in we will all be screwed......Please think about that...He is a Muslin....

Posted by: john Location: ky on Nov 2, 2008 at 06:06 AM
supply and demand is why gas prices went up we can blame our selfs for that.mccain nor obama can bring gas prices down.les driving is what brought it down.so go vote tuesday it is your right to vote who ever tou want to.

Posted by: Lucille Location: Eastern Ky on Nov 2, 2008 at 12:41 AM
Casey, so the democrats are supposed to come in and clean up Bush & Cheney's mess.In two yrs???? Who has been president for the last 8 years?. How can the republicians blame everything on the democrats? I don't know about every one else but the last 8 yrs.have been rough on me.. I lived a lot better during the Clinton yrs .I know most republicians won't admit it but they did too.And you don't think the war in Iraq has anything to do with the price of oil?

Posted by: Fred Location: Lexington on Nov 1, 2008 at 10:31 PM
I blame the Republicans...

Posted by: ME Location: PIKE COUNTY on Nov 1, 2008 at 07:19 PM
yES, THE GAS WENT DOWN,BUT THE GROCERYS ARE HIGH WAY ROBBERY. WE CAN EAT BUT WE CAN DRIVE.

Posted by: Casey Location: Hyden on Nov 1, 2008 at 05:11 PM
How is Bush or McCain resonsible for gas prices? Last I heard OPEC produces 40 percent of the Worlds oil and they can set the price for as much as they see fit on thier share of the oil. Iran's has said they the days of cheap oil is over. Republicans do not control the price of oil. You liberal dems place blame on the repubs for everything. Who makes our laws in Washington? It is the senate, and who has had the control of the senate the last two years? The dems enough said. If you want change get the liberals out of office.

Posted by: Bob Location: KY on Nov 1, 2008 at 04:47 PM
Let's all pray they stay down after the election. These prices are such a financial relief.

Posted by: Hey A on Nov 1, 2008 at 02:36 PM
Maybe you should have been smart enough to buy something you could afford and place it on a 15 or 30 year fixed rate. Maybe living in debt wouldn't be a bad thing for you. I have done it, I didn't lose my home. Bush had nothing to do with it. The lenders being forced by Congressional action did have every thing to do with it along with you morons who think you are owed something went and got those loans. You have no right you creaton.

Posted by: Tabatha Location: London on Nov 1, 2008 at 01:49 PM
In Respone to Matt comment: I believe we will see gas prices jump back right back up after Tuesday election.

Posted by: Brandi Location: Stanton on Nov 1, 2008 at 01:38 PM
IT'S ABOUT DARN TIME!!!

Posted by: Kayte Location: ky on Nov 1, 2008 at 08:32 AM
I hope it does not go above $2.00 so many people I know and encounter have to decide to do without food,medicine,Dr.visits just to get to work. The elderly already have to skimp without going without,and they have worked hard their lives to get what little they have a month or other hard working families. This is such a relief but I am scared and I mean scared and it sounds silly but when is going back up and I have to make the decision to starve while I am working,between insurance at work going up and I work three jobs,my husband two to try and keep our family going.

Posted by: Bill on Nov 1, 2008 at 07:13 AM
Now that they have broke us, they have no choice.

Posted by: A Location: L on Nov 1, 2008 at 06:26 AM
Oh yeah its soo f'n great now we have cheap gas but no houses to live in and no money to buy gas. Everyone with a McCain Palin sign in their yard deserves to lose their homes after the past 8years they still cant see.

Posted by: Lewis Location: Dry Ridge on Nov 1, 2008 at 12:47 AM
Gas was 1.75 a gallon today

Posted by: Grant County Location: Dry Ridge on Oct 31, 2008 at 10:26 PM
Gas is 1.75 in Dry Ridge

Posted by: vicky Location: warbranch on Oct 31, 2008 at 09:48 PM
thank god i hope its keep falling

Posted by: WAYNE Location: MOREHEAD on Oct 31, 2008 at 08:51 PM
JUST THINK IF GAS PRICES HAD FALLEN A YEAR AGO, THE ECONOMY WOULDN'T BE IN THE STATE IT IS NOW. ALL OF THIS BECAUSE OF GAS PRICES. BEFORE GAS PRICES WENT UP I COULD PAY MY MORTAGE AND TAKE TRIPS WITH MY FAMILY, WHEN IT WENT UP I WAS PAYING DOUBLE FOR GAS THEN WHAT MY MORTAGE WAS. THANK GOD IT HAS WENT DOWN!!!!

Posted by: Debbie Location: Ky on Oct 31, 2008 at 08:14 PM
Its great that the prices of fuel are down but you wait until after election day , it will rise again. Exspecially during the holidays because everyone is going to be traveling.

Posted by: frank Location: georgetown on Oct 31, 2008 at 07:40 PM
i can't believe gas prices ever exceeded two dollars a gallon. its about time they're back down and they should go on down to about $1.25 or so where they belong.

Posted by: Matt on Oct 31, 2008 at 06:19 PM
I doubt this will last past tuesday.

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