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Is Gas Getting Ready to Rebound?

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  • Description

    GasBuddy.com’s Patrick DeHaan discusses whether gas will dip below $3 a gallon.

  • Duration 4:01
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Check the price of gasoline more good news it's down the average price of a gallon of regular thirtieth -- -- -- -- that's one week after.

Crude oil hit a one year low as bring in Patrick -- -- hung up from gas to -- dot com lies with us from Chicago all right.

You say nothing and opinion down.

You said on this program.

That maybe -- Thanksgiving -- see lower than three dollar gas stop popping up all around the country you stick -- with that.

Well you know this whole European bailout didn't result kind of new in the last few days.

That has the potential to reverse gas prices.

We'll look at the Dow the Dow's up triple digits oil is back close to 85 dollars just a week after touching 75 dollars so.

We're seeing volatility and unfortunately oil prices back up and I do have a feeling that we may have to cut the full party sort.

Okay is it that was a roundabout way of saying you got it wrong it's not going to be below three dollars and many policy company however I do believe that in parts of Jersey new -- It's 29929.

DA to my right.

Where we're seeing scattered price is under three dollars I haven't seen New Jersey specifically it wouldn't be a shark though because New Jersey.

Among the lowest gas taxes in the -- so certainly not a surprise.

To see that -- sure you know we're seeing it in Saint Louis spread all over the mid.

Midwest and can't even all the way down to Texas and Louisiana but to sum it up you think of the declining gas prices may be just about over because oil's rebounded to 85 we'll -- -- -- bat yep.

Now unfortunate way I think the national average may start going back up here in the next to a modest move off before you saw talk about that let's move officer director you've got an interesting take on Steve Jobs and how we affected -- company real fast what do you do for you.

Well certainly ask Steve Jobs apple look at the popularity there's an app for that everybody knows since gas buddy is primarily.

Driven.

By volunteers look at this look at the app what -- what -- -- done for gas buddy we can put our -- In the hands of millions of people now they have these Smartphone devices and now the competition is of course trying to follow.

And the footsteps and it's made so many things so much easier for us.

In terms of finding gas prices you don't even have to submit computer does pull out their handy cell phone and take a look there.

It's just amazing.

How far cell -- have come just in the last five years the brink of war we're going to how do you make money.

You put people in talked in the local area with the gas station that has the cheapest price how do you make money doing mass.

Well we don't make a whole lot with the -- we did just recently have to put -- -- there to help.

Help with the costs of developing an -- Above basically we're not really in it for a whole ton of profit we like to help people save the pomp and that's all we continue to build -- only like way to that it -- not a lot -- wealth that the organization that you don't carrots in or not welfare were doing our right.

But that's a primary purpose of our website is to help people.

Find cheap gas and that's -- that that is done not only are focused on helping us about reports -- -- outside -- -- country I have to check out the front you're not really looking to help everybody out to be to have the Salvation Army and gas prices you're not doing that you want to make a profit so how do you make a profit.

Other than putting ads when you when your when He pops up how do you do it.

That's basically let ads ads ads that -- a lot of our revenue does revolve around ads are you doing well.

Why I still have a -- so I would over doing well are you mr.

yeah -- it.

Will you be paying more than half your income in taxes -- President Obama gets to tax the rich you bus boy you know -- expect.

I don't I don't know the whole have to -- our count on.

I I don't know buyer corporate taxes and what we think about that but you know I would say lower taxes for businesses certainly will be a boon and like you can -- back on the program Patrick.

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