Relief finally arrives at pump - Coeur d'Alene Press: Local News

Relief finally arrives at pump

Gas prices $3 at casino; AAA expects holiday travel increase

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Posted: Wednesday, December 14, 2011 12:15 am | Updated: 10:38 am, Fri Nov 16, 2012.

The machines weren't the only thing creating a buzz around the Coeur d'Alene Casino on Tuesday.

The gas price at the Conoco next door was lowered to $3 per gallon.

Bob Bostwick, casino spokesman, said people at the casino celebrated as if they won a different jackpot of sorts.

"Good news travels fast," he said.

Bostwick said the price was at $3.21 last week. The volume of sales has driven the price down, he said.

"With high volume, the need arises to bring more gas," he said. "As we bring more gas at a lower wholesale price, it sells and the trend continues, passing on the savings to the consumer."

He said the biggest driver of the volume has been a clear U.S. 95 this winter leading to the casino.

"(The weather) is our life, living in this part of the country," he said. "If people can come to the casino, many will get gas while they're here."

Bostwick said if the roads aren't icy, the casino can be especially busy in November and December due to holiday parties and promotions.

"People are generally in a festive mood," he said.

Prices are higher farther north, but still down quite a bit from recent months.

The price at the Fightin' Creek Smoke Shop between Coeur d'Alene and the casino was at $3.10 on Tuesday.

The average in Post Falls and Coeur d'Alene was $3.39, down from $3.56 a month ago in Post Falls and $3.53 in Coeur d'Alene, according to AAA. It's the lowest local prices have been in about nine months.

Gary Larson, who filled up in Post Falls on Tuesday, doesn't want to be the Grinch, but doesn't see the gas price decrease as a huge deal.

"I never thought I'd see the day when we'd be happy over $3 gas," he said. "But I guess that's going to be the norm now. At least prices are better than they have been."

The local prices are still higher than the state's average of $3.28 and the nation's average of $3.27.

Today, AAA will predict Christmas/New Year's travel will increase this year over last due to the lower gas prices.

"We expect gas prices will stay at or below the current mark for the next four to six weeks, which is consistent with the lower seasonal demand for gas prices," said Dave Carlson, AAA spokesman. "North Idaho prices are obviously influenced by their source in Washington, where the acquisition price for crude oil is higher. For the most part, southern Idaho is experiencing lower prices because the oil acquisition price is lower and demand is down."

Carlson said in a rare occurrence, oil prices remain near multi-month highs, while pump prices are at a nine-month low because demand is weak.

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9 comments:

  • riversharkes posted at 9:20 pm on Thu, Dec 15, 2011.

    riversharkes Posts: 97

    cgent47....gas in the summer of 08 when Bush was prez cost $4.29/gal and oil was $150/brl.....speculators on wall street created massive bubble and it blew up...get rid of speculators and price will drop....dropped to $33/brl and $1.35 gallon when Obama entered office since then speculators have run the price back up...listen to 1280 am

     
  • riversharkes posted at 5:26 pm on Thu, Dec 15, 2011.

    riversharkes Posts: 97

    I hear Abramoff is working for Cheney again....

     
  • cgent47 posted at 7:21 am on Thu, Dec 15, 2011.

    cgent47 Posts: 190

    Hope and Change is finally here. Gas was $1.80 a gallon when Obama started his transformation of America. Lucky us.

     
  • BoxcarBill posted at 10:44 pm on Wed, Dec 14, 2011.

    BoxcarBill Posts: 1074

    Maybe you can hire Jack Abramoff s your personal lobbyist against wall street. I heard he's outta jail now.

     
  • riversharkes posted at 3:37 pm on Wed, Dec 14, 2011.

    riversharkes Posts: 97

    the price of oil would be alot lower if wall street speculators were not allowed to gamble on futures....in the past you would have to take delivery or have warehouse space for commodities before you could purchase..since 1998 that law has been abolished and the big banks are allowed to gamble on commodities...during senate hearings a couple of years ago the ceo of exxon/mobile said the price of oil should be around $65-70 and it was the speculators who drove the price up.....
    we need to repeal the ability of big banks to gamble on commodities and make the margin purchasing price higher.....let airlines, trucking, and railroads be the ones who do futures trading not wall street banks

     
  • jstape posted at 1:55 pm on Wed, Dec 14, 2011.

    jstape Posts: 9

    Even though there is a supposed surplus of fuel, I would also think this is a marketing ploy by the casino to attract customers.

     
  • say what posted at 9:53 am on Wed, Dec 14, 2011.

    say what Posts: 4

    The Tribe pays taxes. They pay fuel tax, cigarette tax, and other taxes. It would a good idea to get information before you make false comments. It makes you look like an idiot.

     
  • aayupp posted at 9:11 am on Wed, Dec 14, 2011.

    aayupp Posts: 311

    everything comes slowly to idaho including lower prices for fuel.

     
  • oneanddone posted at 5:25 am on Wed, Dec 14, 2011.

    oneanddone Posts: 18

    Nice to see the Rez taking credit for this. Maybe if they paid fuel and sales tax like all other retailers it would be a different story. I wouldn't have any problem with them giving it away if they wanted - IF - it was their gas to start with, and - IF - the ensuing pollution stayed on the Rez. These fools have one hand in the taxpayers pocket and the other extended for a handout. Bring back Phil Sheridan.

     
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