I am old enough to remember .15C / gal gas. And that was with FULL SERVICE. For those who don't remember what full service was it meant getting your windows washed, your oil and other fluids checked and having them topped off for you, and your tire pressure checked. OH and BTW - they pumped the gas for you while you sat in your car.
Then greed set in, what more can I say.
I live in the Atlanta Ga. area and we had a gas shortage for over two weeks that had most stations shut down and the ones that did have gas only had regular and diesel. The prices went as high as nearly $5.00 / gal but it is coming down now and the latest I have seen in the last couple of days is $3.57 / gal. And many stations, while they do have gas, still don't have all grades.
Around US$3.4 per US gallon here in Sydney on Cheapskate Tuesday on a particularly cheap petrol station. Price keeps going up towards the weekend and can get up to around $4 per gallon... and it's self service too.
Well after 3 weeks of not being able to find gas at any price around Atlanta (the hurricanes had disrupted the pipeline that gives up 90% of our gas) most stations can keep 2 out of the 3 grades in stock.
I almost posted some pictures of lines over 100 cars deep at the pumps around here. Most of the stations would go thru there deliveries in 4 hours. It was so bad people were following the tankers and waiting for the pumps to open after the refill.
In the past 48 hours I've seen prices drop $0.50, but its a wide spread from stations at 3.79 to $2.99 a gallon depending on where you look.
I live in Woodstock Ga. which is a northwest suburb of Atlanta and it is pretty much as Lowbyte described it. I have seen a single station near me go in a couple of days from $4.29 to $3.29 a gallon. That is a whole dollar a galon drop in well under a week. I haven't seen any under $3.00 gas myself but local radio pundits are saying it will be there before the end of the month in all stations.