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How low will gas prices go? Fame it!
Posted on Dec 04 2008 5:07 AM by adeal

Under $1.75 a gallon? Or below $1.50? Hey, maybe — gasp! — under a buck? "There's a bottom out there somewhere," said AAA spokesman Michael Geeser, pointing out that prices can't fall below 45 cents a gallon because that's how much we pay in taxes. "We know gas will never go below that mark." That may be all we know. Gas is down to as low as $1.59 a gallon at stations in Stockton, Turlock and other cities in the Central Valley. The San Jose average is at $1.96 a gallon, while statewide the typical price is $1.92.



Full story: mercurynews.com
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