Paying $2.25 at the pump for a gallon of gas?! on clarkhoward.com

Back in April, Clark had a 3-way conversation with nationally syndicated talk show host Neal Boortz and WSB-AM radio personality Herman Cain (via remote). Click here to see the video.

At the time, the price of oil was around $130/barrel. Clark went on record predicting that the cost of gas at the pump would again be in the upper $2/gallon range. Boortz and Cain laughed at him and predicted gas prices in the $4-$5/gallon range.

Today, some states have gas for under $3/gallon. That's not exactly a bargain, but it's much better than we've been seeing. The wholesale cost of a gallon is $2.04, but that should fall to maybe $1.75 in the next few weeks. So you may be seeing $2.25/gallon soon -- barring any unforeseen world events.

On the home-heating front, there was recently a government report that stated heating your home this winter will be 15% more expensive than a year ago. But the last trade of natural gas today was around 68 cents/therm. So for the 57% of Americans who heat with natural gas, it should be potentially more affordable than last winter -- unless your provider locked up supplies too early in the year.

What others are saying

$2.25 gallon gas
$1.99 and even though if it is six months before May 09...I think they both owe you dinner. Neil also owes an apology for the mean spirited rudeness.
By rick @ 11/21/08 03:26:41 PMreport abuse
audio
Karen,

Clark doesn't air until 1 pm. Neil is on before him.
By Rene @ 10/09/08 11:30:31 AMreport abuse
Gas in Griffin, Ga. still 3.75 - 3.95 a gallon
Gas down here in Griffin is still outrageous. Now the walmart went down to 3.69, but everyone else in town was
Alot highter. I pray pur gas gets to the 2.?? range, that would really help economy !!
By Jan @ 10/09/08 02:44:17 AMreport abuse
Well, that depends...
In the Feds keep devaluing the dollar by lowering interest rates, I don't see $2.25 happening.
By Mark P @ 10/08/08 09:25:07 PMreport abuse
Gas
we will run out of ozone before we run out of oil...But i doubt we will get cheap gas again. Even though wholesale gas is down below $2 a gallon greedy gas stations here in ga will take their time getting back down from thier price gouging record $4+ levels...ever notice it goes up 10-20 cents at a time, but it comes back down 2-5 cents at a time? It's greedy gas stations milking profits from us..With the falling price of oil, big oil companies will have to make up the difference by keeping gas prices high...they will keep thier stations prices high and reduce the supply by running refineries at less than 90% production for the winter months. In ga we are just getting back down to the national average after being gouged for a month....punish all the convienence stores raping us at the pumps by refusing to buy anything else from them, go to the grocery instead.
By Dave @ 10/08/08 04:15:00 PMreport abuse
There's plenty of oil.
There's just as much oil now as there was before. The price of gas has done more to hurt the economy than all this mortgage crap. 98% of mortgages are still being paid. Getting the price of gas back down to $1.50 a gallon will solve most the the economic problems.
The goverment is just throwing its worthless paper on top of more worthless paper.
By me again @ 10/08/08 03:01:35 PMreport abuse
Gas Prices
We are not "literally running out of oil." Please. The speculators artificially raised the price and now it's re-setting. We won't run out of oil for hundreds of years.
By Bo @ 10/08/08 02:11:28 PMreport abuse
The big oild fields are depleted
Look at the decline rates in output from the big oil fields (Gawar, Cantoral, North Sea) Clark, and then tell us with a straight face that the price of fuels will be lower in the future. We are in a temporary slump due to the end of the Chinese Olympics, slowing economies in the U.S. and EU, and deleveraging of some hedge funds that speculated in crude oil.

After the dust settles in a few months, supply and demand will set the price again and it is going much higher because we are literally running out of oil.
By Jose @ 10/08/08 01:32:38 PMreport abuse
audio
I tryed to listen you your broadcast only to hear someone else, what happened and how can I fix it. ?
By karen @ 10/07/08 08:00:55 PMreport abuse

$2.25 gallon gas

$1.99 and even though if it is six months before May 09...I think they both owe you dinner. Neil also owes an apology for the mean spirited rudeness.

By rick @ 11/21/08 03:26:41 PMreport abuse

audio

Karen,

Clark doesn't air until 1 pm. Neil is on before him.

By Rene @ 10/09/08 11:30:31 AMreport abuse

Gas in Griffin, Ga. still 3.75 - 3.95 a gallon

Gas down here in Griffin is still outrageous. Now the walmart went down to 3.69, but everyone else in town was
Alot highter. I pray pur gas gets to the 2.?? range, that would really help economy !!

By Jan @ 10/09/08 02:44:17 AMreport abuse

Well, that depends...

In the Feds keep devaluing the dollar by lowering interest rates, I don't see $2.25 happening.

By Mark P @ 10/08/08 09:25:07 PMreport abuse

Gas

we will run out of ozone before we run out of oil...But i doubt we will get cheap gas again. Even though wholesale gas is down below $2 a gallon greedy gas stations here in ga will take their time getting back down from thier price gouging record $4+ levels...ever notice it goes up 10-20 cents at a time, but it comes back down 2-5 cents at a time? It's greedy gas stations milking profits from us..With the falling price of oil, big oil companies will have to make up the difference by keeping gas prices high...they will keep thier stations prices high and reduce the supply by running refineries at less than 90% production for the winter months. In ga we are just getting back down to the national average after being gouged for a month....punish all the convienence stores raping us at the pumps by refusing to buy anything else from them, go to the grocery instead.

By Dave @ 10/08/08 04:15:00 PMreport abuse

There's plenty of oil.

There's just as much oil now as there was before. The price of gas has done more to hurt the economy than all this mortgage crap. 98% of mortgages are still being paid. Getting the price of gas back down to $1.50 a gallon will solve most the the economic problems.
The goverment is just throwing its worthless paper on top of more worthless paper.

By me again @ 10/08/08 03:01:35 PMreport abuse

Gas Prices

We are not "literally running out of oil." Please. The speculators artificially raised the price and now it's re-setting. We won't run out of oil for hundreds of years.

By Bo @ 10/08/08 02:11:28 PMreport abuse

The big oild fields are depleted

Look at the decline rates in output from the big oil fields (Gawar, Cantoral, North Sea) Clark, and then tell us with a straight face that the price of fuels will be lower in the future. We are in a temporary slump due to the end of the Chinese Olympics, slowing economies in the U.S. and EU, and deleveraging of some hedge funds that speculated in crude oil.

After the dust settles in a few months, supply and demand will set the price again and it is going much higher because we are literally running out of oil.

By Jose @ 10/08/08 01:32:38 PMreport abuse

I tryed to listen you your broadcast only to hear someone else, what happened and how can I fix it. ?

By karen @ 10/07/08 08:00:55 PMreport abuse

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Oct 07, 2008 -- Paying $2.25 at the pump for a gallon of gas?!

What others are saying