South Georgians suspicious over recent drop in gas prices - WALB.com, Albany News, Weather, Sports

South Georgians suspicious over recent drop in gas prices

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October 10, 2006

Albany--For the first time in a year, the first number on price signs at many south Georgia gas stations is a one.

Prices have been on a steep decline for a month and finally are back down below two dollars in many places.

That's certainly good news, but a new study shows many drivers are suspicious about the sudden drop.

If you ask south Georgians to explain the recent decline, you'll get some pretty interesting answers.

"I think they were saving gas somewhere," says driver, Michael Anderson.

"If any body thinks the Republicans are making it go down, then why did Republicans let it go up to begin with?" says driver, Glynn Ellis

He welcomes the recent drop in gas prices. "I enjoy $2.00 a whole lot more than I enjoy $2.30," says Ellis.

Not everyone agrees with Ellis theory behind the lower prices. A new poll by the Washington Post shows 30% of Americans think politics are behind the drop.

Many think Republicans wanted prices to go down right before the November elections. 

"They want people to get to the polls," says driver, Kim Cook. 

She believes politics aren't the only thing fueling lower the lower prices, but also:

"Supply and demand," says Cook.

In fact, thirty-five percent attribute the decline to market forces.

"Gas companies are making so much money off the price increases, I think they can afford to stay down," says Cook.

Gas prices have dropped nearly seventy five cents within the last two months, while many drivers welcome those prices they wonder how long they'll stick around.

"In 1999, it cost a $1.10 for a gallon of gas.  And in between in was higher, prices go up, prices go down," says Ellis.

"I'm speculating they're going to go back up after the elections are over with or after the Christmas holidays," says Cook.

In the meantime, drivers plan to take advantage of the lower prices as long those prices stick around.

The poll surveyed about 12-hundred adults. Here in Albany, the average price you'll pay for a gallon of regular unleaded gas is $2.03,  that's 23 cents less than the national average.

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