Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
And aside from the weather being just magnificent, other things
are good too. You got peace in the Middle East,
you got you know, President Trump yesterday apparently proving that
he can speak for forty seven hours straight, which is amazing.
And I don't know if you've had to fill up
over the past couple of days, but gasoline prices are
(00:21):
I think responding to both the Middle Eastern situation and
the fact they're flipping over to that winter blend as
they call it. So things are getting a little bit
better out there at the pump. From ABC News Alec
Stone standing by right now with his report and observations.
I guess around the country, things are getting pretty good
with the gas hunk.
Speaker 2 (00:37):
Hello chuckle Ruski. Yes, it's looking good.
Speaker 3 (00:40):
This is something that we haven't seen since the beginning
of the pandemic, and not just gas prices going below
an average nationwide soon to be what analysts are saying
will be below three dollars a gallon, but for it
to be sustained for a while and go for what
they think is going to be several months that there
have been a little blips here and there. Last December
there was like a week where the average one below
(01:01):
three dollars and here and there, but not for a
long period of time. So the expectation here is maybe
in the late February early March, when gas prices won't
come back up until then.
Speaker 2 (01:12):
And this is due.
Speaker 3 (01:14):
I talked to several different analysts today to primarily global
oil prices plummeting, so good news, bad news there. But
you add that to people driving less in the winter
months and demand goes down naturally, and the winter blends
of gas are less expensive, and the travel is still
trailing off after the you know, even this many years
after the pandemic of where and we've seen it with
(01:35):
the airlines where his Spirit and others are having problems
now where that demand, that pent up demand is no
longer as you know, feverish as it was at one point.
But talk to Patrick Dehan, the lead patrolling analyst over
gas Buddy, we chatted this morning and he says.
Speaker 4 (01:50):
Nopeck is certainly the significant piece of the puzzle here.
With lower oil prices, the seasonal factors are also continuing
to play an active role. Americans simply don't drive as
much much as temperatures progressively get cooler into the fall months.
Speaker 3 (02:03):
Now he says, oil prices are dropping so much, down
like sixty dollars a barrel now, partly because of President
Trump's doing, but not the way that will necessarily be
good for all aspects of the economy. So it's been
interesting to see how the President plays this because it's
due to the economic friction with China, which because of
the uncertainty of how that's going to go, that's why
oil prices in the uncertainty has gone down. So in
(02:24):
the short term at least it's outstanding for drivers, and
then we'll see long term.
Speaker 4 (02:28):
But he says, so potentially, finally President Trump's desire to
see stations at a dollar ninety nine could come true
in the weeks ahead. All of this as oil prices
plunge below sixty dollars a barrow, some of it having
to do with concerns over a potential new trade war
between the US and China. Oil prices now at their
lowest level since twenty twenty one.
Speaker 3 (02:48):
So it will be interesting to see the President takes
credit for this in this moment when typically whoever's in
the White House would be touting the lower gas prices.
Depending on kind of where it goes with China. But
the other thing is in some areas, prices are going
to go well below three dollars a gallon, and that
this is where life is good. In Texas, in Louisiana
and Mississippi.
Speaker 4 (03:07):
There is the golf where you combine relatively low gas
taxes and proximity to major refineries. States like Oklahoma, Arkansas, Mississippi, Texas,
and Louisiana are going to see the nation's lowest gas
prices as we enter into the holiday season. Those states
already well below the three dollars a gallon mark. In fact,
Oklahoma's state average today just two dollars and fifty two
(03:29):
cents a gallon.
Speaker 3 (03:29):
Yeah, and he says a lot of those places are
going to go into like the one eighty one to
ninety range in the next couple of weeks, but not everywhere. Chuck, California,
where I am right now, the average price is still
four sixty four gallon. Washington State is at four forty five,
Hawaii is at four forty five. We're going to be
the outliers in this whole thing. We're not going to
get the cheaper gas prices.
Speaker 4 (03:48):
So it's not ever the West Coast still having some
refinery issues. Coupled with the highest gasoline taxes in the
country and carb mandated gasoline, California is really one of
the nation's highest price states. Ye won't really be having
much of a party at the pump. California is still
for sixty four a gallon.
Speaker 3 (04:05):
But these next couple of months in many areas of
the country are going to be nice. Every time you
fill up, and now that the switch will be in
March ish when every year that is when demand begins
to pick up. The weather is getting nicer, people go
out supply and demand makes oil prices go up as well,
and that's when the switch to the more expensive summer
blends goes on. So they already know right around the
time that gas prices will be going back up when
(04:28):
spring break travel is coming and summer travel, and they've
got to get the supplies in the tanks to be
ready to go. But at least for the next couple
of months, it's going to be nice in most areas
of the country, a lot cheaper when you fill up,
so enjoy it now.
Speaker 1 (04:43):
I would think that this would be positive on many fronts,
and from a political standpoint, I think this will be
prime time for Donald Trump to turn Drill Baby Drill
into more than a campaign statement.
Speaker 2 (04:52):
Yeah wow, we'll see. Yeah, we'll see what he does
with it.
Speaker 1 (04:54):
Well, that international price is so low. If we got
really aggressive right now, it doesn't even have to come
out of the ground, just open the gates so it
can begin soon, the oil prices would stay down. Airlines,
I would think, you know, travel is going to become
cheaper because they are fuel. It's you know, gonna be so.
Speaker 3 (05:14):
Well, the airlines really pass it along, Probably not, you know,
and I don't feel like they always ever go. You
know what, We're gonna make your ticket a lot cheaper
just because we're paying less than fuel.
Speaker 1 (05:23):
And finally, I have to make you feel really really
bad because you always beat us up on weather. In California,
you're usually better than ours. You're a four fifty, you
said out there in.
Speaker 2 (05:32):
California right now for sixty four.
Speaker 1 (05:35):
Opening my gas buddy app looking at the sheets station
on Dublin Granville Road, two dollars twenty cents a gallon
for regular online. I have one message the get Go station,
which is the Giant Eagle Grocery store gas station. It's
at two twenty one myer at two twenty one, you're.
Speaker 3 (05:52):
Probably gonna go below two bucks a gallon as things
continue to go down. And it's that way if you
cross the border into Arizona or into Nevada, it's the
exact same thing at California because of the politics of
California has extremely high gas taxes, all kinds of environmental
taxes and fees that are in there, and it is
when you cross over the border into another state you
see that big change. You go a couple of hours
(06:14):
into Nevada and all of a sudden, it's like, look
at this.
Speaker 2 (06:16):
Two thirty a gallon gas yep.
Speaker 3 (06:18):
And then you come back in and that same gas
I mean same in a sense, it's regular unleaded, but
with different additives to it and what not to make
it environmentally friendly. In California and it's four sixty four.
Speaker 1 (06:28):
I'm looking at the Kroger gas station right now. Oh,
this will really hurt you, because I'm pretty sure we've
got like a dollar a gallon off right now because
you get points, so going there, I should be paying
a dollar thirty five a gallon tonight.
Speaker 2 (06:40):
Oh yes, bab build.
Speaker 3 (06:42):
Up yesterday at Costco and I think it was like
four fifty something for regular unhunting.
Speaker 2 (06:46):
I love it.
Speaker 3 (06:48):
It's nice to win one occasion, you feel, I could
like fill up my entire tank if I come to
Ohio for like fifteen bucks.
Speaker 2 (06:54):
Yeah, it would be worth the drive to Ohio. And
I'm spending like one hundred bucks every time I fill up.
Speaker 1 (06:58):
Oh I guess Okay, Well, whatever we talk about the
next time, I'm sure you'll you'll beat us up on that.
So you'll live.
Speaker 2 (07:03):
Pouring rain here today too, So there you go.
Speaker 1 (07:06):
Oh man, Well, I'll enjoy my sunshine knowing that even more.
Thank you, Alex Stowed, ABC News. We will talk again soon.
I just I can't believe you know, seeing two twenty again.
And what always gets me about gas here though, is
that the more affluent areas if you will, seem to
get cheaper faster.
Speaker 2 (07:24):
Have you noticed that I don't go to areas that
are not a fluid.
Speaker 1 (07:29):
I mean I'm looking at prices in New Albany, Gehannah,
places like, and they're two twenty again looking over on
my beloved west Side two seventy nine to eighty nine.
So you've got the areas where where you know the
income per capita is likely going to be higher, the
housing stock more expensive, uh and all that, and that's
where the gas gets cheaper faster, it seems, at least
(07:53):
here in Central Ohio.
Speaker 2 (07:54):
Are you making up a conspiracy in your own mind
right now?
Speaker 1 (07:57):
It ain't aspiracist, is facts. I'm just saying. And you know,
if you're going up to New Albany and getting to
twenty a gallon, or you know, coming over to the
west side of the Hilltop and pan two eighty nine
a gallon, that just seems odd. It seems like you
would you'd flip that around because you're going to sell
a lot more gasoline to the broke people on the
west side for two twenty a gallon. Basically, you'll make
(08:20):
it up in volume. I'm telling you volume. And it
just I don't know why that always is
And aside from the weather being just magnificent, other things
are good too. You got peace in the Middle East,
you got you know, President Trump yesterday apparently proving that
he can speak for forty seven hours straight, which is amazing.
And I don't know if you've had to fill up
over the past couple of days, but gasoline prices are
(00:21):
I think responding to both the Middle Eastern situation and
the fact they're flipping over to that winter blend as
they call it. So things are getting a little bit
better out there at the pump. From ABC News Alec
Stone standing by right now with his report and observations.
I guess around the country, things are getting pretty good
with the gas hunk.
Speaker 2 (00:37):
Hello chuckle Ruski. Yes, it's looking good.
Speaker 3 (00:40):
This is something that we haven't seen since the beginning
of the pandemic, and not just gas prices going below
an average nationwide soon to be what analysts are saying
will be below three dollars a gallon, but for it
to be sustained for a while and go for what
they think is going to be several months that there
have been a little blips here and there. Last December
there was like a week where the average one below
(01:01):
three dollars and here and there, but not for a
long period of time. So the expectation here is maybe
in the late February early March, when gas prices won't
come back up until then.
Speaker 2 (01:12):
And this is due.
Speaker 3 (01:14):
I talked to several different analysts today to primarily global
oil prices plummeting, so good news, bad news there. But
you add that to people driving less in the winter
months and demand goes down naturally, and the winter blends
of gas are less expensive, and the travel is still
trailing off after the you know, even this many years
after the pandemic of where and we've seen it with
(01:35):
the airlines where his Spirit and others are having problems
now where that demand, that pent up demand is no
longer as you know, feverish as it was at one point.
But talk to Patrick Dehan, the lead patrolling analyst over
gas Buddy, we chatted this morning and he says.
Speaker 4 (01:50):
Nopeck is certainly the significant piece of the puzzle here.
With lower oil prices, the seasonal factors are also continuing
to play an active role. Americans simply don't drive as
much much as temperatures progressively get cooler into the fall months.
Speaker 3 (02:03):
Now he says, oil prices are dropping so much, down
like sixty dollars a barrel now, partly because of President
Trump's doing, but not the way that will necessarily be
good for all aspects of the economy. So it's been
interesting to see how the President plays this because it's
due to the economic friction with China, which because of
the uncertainty of how that's going to go, that's why
oil prices in the uncertainty has gone down. So in
(02:24):
the short term at least it's outstanding for drivers, and
then we'll see long term.
Speaker 4 (02:28):
But he says, so potentially, finally President Trump's desire to
see stations at a dollar ninety nine could come true
in the weeks ahead. All of this as oil prices
plunge below sixty dollars a barrow, some of it having
to do with concerns over a potential new trade war
between the US and China. Oil prices now at their
lowest level since twenty twenty one.
Speaker 3 (02:48):
So it will be interesting to see the President takes
credit for this in this moment when typically whoever's in
the White House would be touting the lower gas prices.
Depending on kind of where it goes with China. But
the other thing is in some areas, prices are going
to go well below three dollars a gallon, and that
this is where life is good. In Texas, in Louisiana
and Mississippi.
Speaker 4 (03:07):
There is the golf where you combine relatively low gas
taxes and proximity to major refineries. States like Oklahoma, Arkansas, Mississippi, Texas,
and Louisiana are going to see the nation's lowest gas
prices as we enter into the holiday season. Those states
already well below the three dollars a gallon mark. In fact,
Oklahoma's state average today just two dollars and fifty two
(03:29):
cents a gallon.
Speaker 3 (03:29):
Yeah, and he says a lot of those places are
going to go into like the one eighty one to
ninety range in the next couple of weeks, but not everywhere. Chuck, California,
where I am right now, the average price is still
four sixty four gallon. Washington State is at four forty five,
Hawaii is at four forty five. We're going to be
the outliers in this whole thing. We're not going to
get the cheaper gas prices.
Speaker 4 (03:48):
So it's not ever the West Coast still having some
refinery issues. Coupled with the highest gasoline taxes in the
country and carb mandated gasoline, California is really one of
the nation's highest price states. Ye won't really be having
much of a party at the pump. California is still
for sixty four a gallon.
Speaker 3 (04:05):
But these next couple of months in many areas of
the country are going to be nice. Every time you
fill up, and now that the switch will be in
March ish when every year that is when demand begins
to pick up. The weather is getting nicer, people go
out supply and demand makes oil prices go up as well,
and that's when the switch to the more expensive summer
blends goes on. So they already know right around the
time that gas prices will be going back up when
(04:28):
spring break travel is coming and summer travel, and they've
got to get the supplies in the tanks to be
ready to go. But at least for the next couple
of months, it's going to be nice in most areas
of the country, a lot cheaper when you fill up,
so enjoy it now.
Speaker 1 (04:43):
I would think that this would be positive on many fronts,
and from a political standpoint, I think this will be
prime time for Donald Trump to turn Drill Baby Drill
into more than a campaign statement.
Speaker 2 (04:52):
Yeah wow, we'll see. Yeah, we'll see what he does
with it.
Speaker 1 (04:54):
Well, that international price is so low. If we got
really aggressive right now, it doesn't even have to come
out of the ground, just open the gates so it
can begin soon, the oil prices would stay down. Airlines,
I would think, you know, travel is going to become
cheaper because they are fuel. It's you know, gonna be so.
Speaker 3 (05:14):
Well, the airlines really pass it along, Probably not, you know,
and I don't feel like they always ever go. You
know what, We're gonna make your ticket a lot cheaper
just because we're paying less than fuel.
Speaker 1 (05:23):
And finally, I have to make you feel really really
bad because you always beat us up on weather. In California,
you're usually better than ours. You're a four fifty, you
said out there in.
Speaker 2 (05:32):
California right now for sixty four.
Speaker 1 (05:35):
Opening my gas buddy app looking at the sheets station
on Dublin Granville Road, two dollars twenty cents a gallon
for regular online. I have one message the get Go station,
which is the Giant Eagle Grocery store gas station. It's
at two twenty one myer at two twenty one, you're.
Speaker 3 (05:52):
Probably gonna go below two bucks a gallon as things
continue to go down. And it's that way if you
cross the border into Arizona or into Nevada, it's the
exact same thing at California because of the politics of
California has extremely high gas taxes, all kinds of environmental
taxes and fees that are in there, and it is
when you cross over the border into another state you
see that big change. You go a couple of hours
(06:14):
into Nevada and all of a sudden, it's like, look
at this.
Speaker 2 (06:16):
Two thirty a gallon gas yep.
Speaker 3 (06:18):
And then you come back in and that same gas
I mean same in a sense, it's regular unleaded, but
with different additives to it and what not to make
it environmentally friendly. In California and it's four sixty four.
Speaker 1 (06:28):
I'm looking at the Kroger gas station right now. Oh,
this will really hurt you, because I'm pretty sure we've
got like a dollar a gallon off right now because
you get points, so going there, I should be paying
a dollar thirty five a gallon tonight.
Speaker 2 (06:40):
Oh yes, bab build.
Speaker 3 (06:42):
Up yesterday at Costco and I think it was like
four fifty something for regular unhunting.
Speaker 2 (06:46):
I love it.
Speaker 3 (06:48):
It's nice to win one occasion, you feel, I could
like fill up my entire tank if I come to
Ohio for like fifteen bucks.
Speaker 2 (06:54):
Yeah, it would be worth the drive to Ohio. And
I'm spending like one hundred bucks every time I fill up.
Speaker 1 (06:58):
Oh I guess Okay, Well, whatever we talk about the
next time, I'm sure you'll you'll beat us up on that.
So you'll live.
Speaker 2 (07:03):
Pouring rain here today too, So there you go.
Speaker 1 (07:06):
Oh man, Well, I'll enjoy my sunshine knowing that even more.
Thank you, Alex Stowed, ABC News. We will talk again soon.
I just I can't believe you know, seeing two twenty again.
And what always gets me about gas here though, is
that the more affluent areas if you will, seem to
get cheaper faster.
Speaker 2 (07:24):
Have you noticed that I don't go to areas that
are not a fluid.
Speaker 1 (07:29):
I mean I'm looking at prices in New Albany, Gehannah,
places like, and they're two twenty again looking over on
my beloved west Side two seventy nine to eighty nine.
So you've got the areas where where you know the
income per capita is likely going to be higher, the
housing stock more expensive, uh and all that, and that's
where the gas gets cheaper faster, it seems, at least
(07:53):
here in Central Ohio.
Speaker 2 (07:54):
Are you making up a conspiracy in your own mind
right now?
Speaker 1 (07:57):
It ain't aspiracist, is facts. I'm just saying. And you know,
if you're going up to New Albany and getting to
twenty a gallon, or you know, coming over to the
west side of the Hilltop and pan two eighty nine
a gallon, that just seems odd. It seems like you
would you'd flip that around because you're going to sell
a lot more gasoline to the broke people on the
west side for two twenty a gallon. Basically, you'll make
(08:20):
it up in volume. I'm telling you volume. And it
just I don't know why that always is
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