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GasBuddy.com’s Patrick DeHaan on the outlook for gas prices and its impact on consumer spending.
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The gasoline front which is that what concerns all of us that have -- have to fill up -- the -- Patrick we were just talking about the slowdown in the economy we may.
Get growth rate sustained growth what growth rate below 2% a year.
I mean that's anemic it's almost recession like won't that drive gas prices down below three dollars again.
Well you think so but like Peter said we're adding jobs here very slow rate.
Compared to where we are today just like -- mentioned earlier in your broadcast McDonald's 60000 jobs those people are going to be getting to work while.
Those people may not have a whole lot of money to spend outside of work after they fill their tank but they're still going to need to get to work and other folks will too so.
Pressure will remain on gasoline demand -- -- -- less discretionary spending in -- vacation was.
Day you know we had our Bob gasoline that's what trades down at the nymex falling back by about four pennies to 296 or so what and and so clearly the prices coming down but it takes so much longer to come down than it does to popped right up.
Get to 94 at the moment for our our -- gasoline so.
Where do you see the lowest prices where -- you seeing the highest prices.
The lowest prices in areas that have the -- gas taxes New Jersey and South Carolina areas at 330 gallon the highest prices like we said.
Alaska Hawaii traditionally high but outside of that the Great Lakes area that was battered by refinery and pipeline issues coming in over four dollars but there is some relief ahead for -- -- motorists so that's some good news there right Patrick -- hand --
