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Gas price decline may be short-lived

GasBuddy Blog -- The U.S. national average has dropped for seven straight days, but unless there's a situation that develops quickly, the decrease may be short lived. Typically, gasoline prices decline in the autumn as gasoline demand dwindles and that drop sparks increases in supply. This year, it seems that between refinery problems and "planned maintenance" we just haven't seen an increase in supply like we normally do.

Oil and wholesale gasoline prices fell last week, but after the weekly EIA report Wednesday, gasoline futures rose while oil prices declined, leading to hefty refinery margins as crude oil prices fell and traders sent wholesale gasoline prices higher because of various supply related issues.

The increase in wholesale...

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Submitted Oct 01, 2012 By: PD

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heydano67 Champion Author California Posts:1,666 Points:358,410 Joined:Feb 2012	Message Posted: May 21, 2013 2:10:46 AM Ignore heydano67 Report Abuse seems pretty steady level the past few weeks
KAR120CSII Champion Author Oregon Posts:3,182 Points:620,820 Joined:Apr 2010	Message Posted: May 18, 2013 4:58:39 PM Ignore KAR120CSII Report Abuse Yep -- what decline, where and when --
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: May 18, 2013 11:02:46 AM Ignore Gas4Gore Report Abuse Well, that has already happened.
BDNNOD Sophomore Author Seattle Posts:119 Points:44,740 Joined:Mar 2013	Message Posted: May 17, 2013 11:38:43 PM Ignore BDNNOD Report Abuse OK ... WHUT DID I MISS ?? WHEN AND WHERE WAS THERE A 'DECLINE' IN FUEL PRICES ??? ALL I KNOW IS WHUT I SEE, THE COSTS TO FILLUP KEEPS GOING HIGHER AND HIGHER EVERY DAY, FOR QUITE AWHILE NOW !!!
rickfro All-Star Author San Diego Posts:685 Points:328,595 Joined:Nov 2008	Message Posted: May 17, 2013 8:34:18 PM Ignore rickfro Report Abuse That's because prices are based on what the oil companies want to charge and get away with charging.
BIGREDNM Champion Author Albuquerque Posts:3,597 Points:846,760 Joined:Oct 2010	Message Posted: May 17, 2013 4:04:13 PM Ignore BIGREDNM Report Abuse That's one of the problems it's always short lived, it's just wrong what they are doing, I had to take a cut in pay to keep my job, but everything else around me in continuing to go up, if your not rich already, they'll make sure you never have a chance to get there either.
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: May 17, 2013 11:09:17 AM Ignore Donatelo Report Abuse we pay what the price is, but we will get more and more away from fossil fuels.
KAR120CSII Champion Author Oregon Posts:3,182 Points:620,820 Joined:Apr 2010	Message Posted: May 16, 2013 11:05:33 PM Ignore KAR120CSII Report Abuse What decline? Yes, let this article die. Just makes folks mad. [Edited by: KAR120CSII at 5/16/2013 11:06:41 PM EST]
priver Veteran Author Alberta Posts:408 Points:34,585 Joined:Apr 2013	Message Posted: May 16, 2013 9:06:45 PM Ignore priver Report Abuse is it friday yet?
heydano67 Champion Author California Posts:1,666 Points:358,410 Joined:Feb 2012	Message Posted: May 15, 2013 11:48:57 PM Ignore heydano67 Report Abuse coming up on a holiday
CapriceWagon All-Star Author Washington Posts:934 Points:478,845 Joined:Feb 2008	Message Posted: May 15, 2013 11:51:43 AM Ignore CapriceWagon Report Abuse Oh wow, this is an old article, let it die
CapriceWagon All-Star Author Washington Posts:934 Points:478,845 Joined:Feb 2008	Message Posted: May 15, 2013 11:50:45 AM Ignore CapriceWagon Report Abuse It's gone up a penny a day since the beginning of the month here, so I'm not sure of what decline you speak
mdcsgt Rookie Author South Carolina Posts:70 Points:31,270 Joined:Feb 2013	Message Posted: May 14, 2013 1:55:31 PM Ignore mdcsgt Report Abuse DUH!!!!! Oil refineries have been cutting production all winter to keep supplies tight artificially!! MANIPULATION!!!
smugutu1234 Sophomore Author Tallahassee Posts:216 Points:71,540 Joined:Feb 2013	Message Posted: May 14, 2013 7:21:59 AM Ignore smugutu1234 Report Abuse Gas prices are already going back up.
wolfsbane Champion Author Dayton Posts:1,089 Points:736,655 Joined:May 2010	Message Posted: May 14, 2013 5:09:25 AM Ignore wolfsbane Report Abuse The reasons are recycled every now and then but they are always about the same.
KAR120CSII Champion Author Oregon Posts:3,182 Points:620,820 Joined:Apr 2010	Message Posted: May 14, 2013 1:35:11 AM Ignore KAR120CSII Report Abuse What decline -- 28 cents in a week here?
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: May 13, 2013 12:56:48 PM Ignore Donatelo Report Abuse we pay what they say.
RapMassaG Champion Author Cincinnati Posts:2,619 Points:1,051,625 Joined:Oct 2008	Message Posted: May 13, 2013 12:09:20 PM Ignore RapMassaG Report Abuse Yep- 40 cent spike in Ohio this morning. Led, as always, by Greedway.
gasmeup52 Champion Author Missouri Posts:1,325 Points:682,705 Joined:Jan 2011	Message Posted: May 13, 2013 11:23:20 AM Ignore gasmeup52 Report Abuse Happens all the time.
BlueJaysMVP33 Rookie Author Ontario Posts:23 Points:16,635 Joined:Aug 2011	Message Posted: May 13, 2013 10:51:47 AM Ignore BlueJaysMVP33 Report Abuse Same Old Same Old. Why is it they never have any good news to tell us?
paulweb All-Star Author Ohio Posts:806 Points:354,170 Joined:May 2011	Message Posted: May 12, 2013 11:25:09 PM Ignore paulweb Report Abuse There is no 'may be short lived' about it. Prices for the last four months have sky rocketed.
Within Rookie Author Los Angeles Posts:7 Points:2,650 Joined:Aug 2005	Message Posted: Jan 7, 2013 10:39:24 AM Ignore Within Report Abuse Here in Los Angeles CA the prices are on the up swing. Hold on to your wallets my friends!
duane7810 Veteran Author Illinois Posts:340 Points:184,285 Joined:Dec 2010	Message Posted: Jan 7, 2013 8:05:15 AM Ignore duane7810 Report Abuse I can buy gas cheaper in Morton IL today than I did yesterday in St. Louis, MO. What is up with this? I was always under the impression that IL has the highest gas tax in the country.
prassu2012 All-Star Author Illinois Posts:676 Points:147,945 Joined:Dec 2012	Message Posted: Jan 7, 2013 7:56:29 AM Ignore prassu2012 Report Abuse May be
dongo50 Champion Author West Virginia Posts:14,691 Points:2,380,045 Joined:Jul 2006	Message Posted: Jan 7, 2013 7:02:29 AM Ignore dongo50 Report Abuse slight decline seems to have stopped here.
prassu2012 All-Star Author Illinois Posts:676 Points:147,945 Joined:Dec 2012	Message Posted: Jan 6, 2013 11:44:52 PM Ignore prassu2012 Report Abuse may be
prassu2012 All-Star Author Illinois Posts:676 Points:147,945 Joined:Dec 2012	Message Posted: Jan 5, 2013 5:33:30 PM Ignore prassu2012 Report Abuse yes
KAR120CSII Champion Author Oregon Posts:3,182 Points:620,820 Joined:Apr 2010	Message Posted: Nov 14, 2012 2:12:35 AM Ignore KAR120CSII Report Abuse Yep, PD, you're right. it's stopped its decline here. [Edited by: KAR120CSII at 11/14/2012 2:13:25 AM EST]
benjy Champion Author Chicago Posts:8,592 Points:1,788,370 Joined:Nov 2003	Message Posted: Nov 11, 2012 12:39:45 PM Ignore benjy Report Abuse nothing new..
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Nov 9, 2012 10:25:17 AM Ignore Donatelo Report Abuse ok
hyeglenn Champion Author Fresno Posts:1,075 Points:599,905 Joined:Apr 2011	Message Posted: Nov 9, 2012 8:04:27 AM Ignore hyeglenn Report Abuse Get ready for the up swing.
MrLefty0706 Champion Author Chicago Posts:1,444 Points:351,085 Joined:Apr 2012	Message Posted: Nov 7, 2012 12:45:51 AM Ignore MrLefty0706 Report Abuse Just like a rollercoaster!
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: Nov 6, 2012 11:31:17 PM Ignore Gas4Gore Report Abuse I'm sure.
Vetteblu Champion Author Denver Posts:2,670 Points:779,845 Joined:Oct 2010	Message Posted: Nov 4, 2012 1:32:45 AM Ignore Vetteblu Report Abuse Yup!
Vette1967 Champion Author Albany Posts:5,962 Points:1,275,025 Joined:Jun 2009	Message Posted: Nov 2, 2012 1:02:15 AM Ignore Vette1967 Report Abuse Now thats a real surprise.
PapaAllan Rookie Author Winnipeg Posts:8 Points:21,710 Joined:Oct 2012	Message Posted: Nov 1, 2012 7:27:50 PM Ignore PapaAllan Report Abuse These price drops are a result of a slow down in consumption, this created a gas surplus at the refineries, no doubt the refineries are comensating for that as we speak so that they can once again reduce supply and therefore increase price due to demand.
dcone2 All-Star Author Los Angeles Posts:914 Points:83,660 Joined:Jul 2012	Message Posted: Nov 1, 2012 7:25:37 PM Ignore dcone2 Report Abuse ok
RapMassaG Champion Author Cincinnati Posts:2,619 Points:1,051,625 Joined:Oct 2008	Message Posted: Nov 1, 2012 4:23:44 PM Ignore RapMassaG Report Abuse ROFL - What decline?
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Nov 1, 2012 3:29:49 PM Ignore Donatelo Report Abuse ok
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Nov 1, 2012 6:17:19 AM Ignore 99dakota Report Abuse We need long term political change to get long term benefits...
dcone2 All-Star Author Los Angeles Posts:914 Points:83,660 Joined:Jul 2012	Message Posted: Oct 30, 2012 11:11:40 PM Ignore dcone2 Report Abuse good
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: Oct 30, 2012 10:04:56 PM Ignore Gas4Gore Report Abuse No
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Oct 30, 2012 11:58:40 AM Ignore Donatelo Report Abuse ok
hyeglenn Champion Author Fresno Posts:1,075 Points:599,905 Joined:Apr 2011	Message Posted: Oct 30, 2012 12:37:15 AM Ignore hyeglenn Report Abuse What Decline?
LainyBoggs Rookie Author Washington Posts:18 Points:2,230 Joined:Oct 2012	Message Posted: Oct 25, 2012 7:07:40 PM Ignore LainyBoggs Report Abuse So lately we have had a drop in prices in our gas. thank god but hey people take advantage because you are right you never know what can happen and our prices may head back in the other direction. We don't create the prices of the barrel but we as a gas station try to be cheap for our towns convenience :)
clpassenubye Champion Author Los Angeles Posts:3,359 Points:752,605 Joined:Mar 2011	Message Posted: Oct 16, 2012 7:30:50 PM Ignore clpassenubye Report Abuse unfortunately
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Oct 13, 2012 6:30:09 AM Ignore 99dakota Report Abuse What decline?
Karisholman Veteran Author Nevada Posts:281 Points:169,660 Joined:Oct 2012	Message Posted: Oct 13, 2012 12:18:06 AM Ignore Karisholman Report Abuse I joined Gas Buddy on October 8, 2012. We just moved to Reno, NV and needed gas. I remembered I had Gas Buddy and really was just looking for a close gas station. Costco's gas was 20 cents cheaper $3.89/gallon than the next lowest gas price $4.09/gallon. We were shocked that there was a long line and coincidentally the computer crashed. We were concerned that they had run out of gas. It seems it was just a computer crash, but there were very long lines. Since then the prices have been much higher. Anyway, I am very into Gas Buddy. It seems to be addicting.
RapMassaG Champion Author Cincinnati Posts:2,619 Points:1,051,625 Joined:Oct 2008	Message Posted: Oct 12, 2012 4:36:41 PM Ignore RapMassaG Report Abuse All that money Helicopter Ben has been printing has to go somewhere. And that "somewhere" is almost always commodities. The Bernank needs to be tried for economic treason, and his printing press set aflame. [Edited by: RapMassaG at 10/12/2012 4:37:22 PM EST]
clpassenubye Champion Author Los Angeles Posts:3,359 Points:752,605 Joined:Mar 2011	Message Posted: Oct 12, 2012 4:25:25 PM Ignore clpassenubye Report Abuse Short lived? It never happened where I live [Edited by: clpassenubye at 10/12/2012 4:26:07 PM EST]