Gas drops below $2 a gallon in South Beloit

November 17th, 2008 at 05:58pm Thomas V. Bona

And we’ve broken the $2 a barrel mark in Winnebago County. Specifically, in South Beloit, where there’s been a price war between a few stations up there (plus, as one retailer told me, “its competition is in Wisconsin, a tax advantaged state.”)

With oil now down around $55 a barrel, the rest of the area could be there soon. Probably Belvidere next, and eventually us in Rockford. Our records indicate the last time we saw prices below $2 a gallon around here was approximately May of  2005 (correct me if I’m wrong). For those of you who say gas prices never fall as much as oil, note that oil was last this low in February of 2007 … so gas prices have actually out-dropped (is that a word?) oil.

More in a little bit on my fuel price musings

Entry Filed under: Fuel price musings