Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:14 PM

GasBuddy News Article

53
votes
Gas prices appear poised to fall

GasBuddy Blog -- Finally. Gasoline prices look like they'll begin declining (in some areas) and continue their descent (in others). The Great Lakes states may see some of the biggest declines after wholesale gasoline prices dropped off last week to their lowest since late June. In fact, some areas of the Great Lakes could see prices fall to the low-to-mid $3/gal range over the next week, which would be their lowest prices since June.

Over the next week, the national average may decline close to double digits per gallon, between 5-12c/gal if all goes smoothly (let's hope it does). As the peak season for gasoline consumption has passed, we're also seeing some speculative money exit, according to CFTC data. On the flip side, money was beginning to flow...


Read the Full Article

Submitted Oct 15, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gas prices appear poised to fall Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Lakepirate13
Veteran Author New York

Posts:316
Points:47,250
Joined:Jan 2013
Message Posted: Jan 29, 2013 2:19:08 PM

There is no real reason for price increases looking at the map prices are the highest were the most intelligent people live.
Profile Pic
Vette1967
Champion Author Albany

Posts:8,274
Points:1,774,670
Joined:Jun 2009
Message Posted: Jan 13, 2013 1:04:36 AM

Some stations are raising their prices.
Profile Pic
Mr1lung
Champion Author Phoenix

Posts:3,228
Points:647,220
Joined:Nov 2012
Message Posted: Jan 12, 2013 5:09:49 PM

NO
Profile Pic
gasandgoAL
Champion Author Alabama

Posts:9,497
Points:2,087,970
Joined:Sep 2008
Message Posted: Jan 12, 2013 6:07:55 AM

gas goes up 10 cents and then down 4-6 cents
Profile Pic
musicreporter
All-Star Author San Antonio

Posts:966
Points:485,040
Joined:Dec 2012
Message Posted: Jan 12, 2013 1:06:56 AM

much anticipated
Profile Pic
mfgendron
Champion Author New York

Posts:2,613
Points:721,560
Joined:Sep 2008
Message Posted: Jan 11, 2013 12:25:15 PM

Dropping? LOL....yeah right...they are going UP.
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,307
Points:1,428,495
Joined:Oct 2008
Message Posted: Jan 11, 2013 11:57:01 AM

LOL.
Ours went up 40 cents, 2 days ago.
Dream on.
Profile Pic
gasokie
Champion Author Oklahoma

Posts:4,550
Points:1,731,230
Joined:May 2007
Message Posted: Jan 11, 2013 10:06:18 AM

These posts live forever.
Profile Pic
jwalkerh
Champion Author Louisiana

Posts:6,478
Points:1,442,805
Joined:Oct 2008
Message Posted: Jan 11, 2013 4:34:13 AM

I hope so but it probably won't happen...
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Jan 10, 2013 9:36:04 PM

I do not think so.
Profile Pic
TravisTuxy
Sophomore Author Louisville

Posts:219
Points:676,540
Joined:Feb 2012
Message Posted: Jan 7, 2013 12:02:09 AM

Only problem is that crude futures are around $93/barrel and they should be under $90 to expect some real price drops. Sorry!
Profile Pic
prassu2012
Champion Author Illinois

Posts:2,748
Points:631,240
Joined:Dec 2012
Message Posted: Jan 6, 2013 11:48:30 PM

yes
Profile Pic
benjy
Champion Author Chicago

Posts:10,573
Points:2,273,990
Joined:Nov 2003
Message Posted: Nov 15, 2012 10:20:53 PM

$3.63 in Chi-Town
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,433
Points:891,250
Joined:Feb 2008
Message Posted: Nov 13, 2012 5:14:43 PM

$3.50 here
Profile Pic
wayne2nd
Rookie Author Champaign

Posts:13
Points:29,535
Joined:Feb 2012
Message Posted: Nov 12, 2012 11:18:56 AM

Can we get under 3 dollars?
Profile Pic
DesertRat2011
Champion Author Riverside

Posts:5,981
Points:975,025
Joined:Jun 2011
Message Posted: Oct 30, 2012 11:58:46 AM

I think Sandy will have a big bearing on what prices do for the next couple of weeks.
Profile Pic
lazydoggs3
Veteran Author Fresno

Posts:272
Points:38,040
Joined:Aug 2008
Message Posted: Oct 29, 2012 4:02:59 PM

Hope Sandy dosent come & play with our gas prices on the west coast
Profile Pic
Vette1967
Champion Author Albany

Posts:8,274
Points:1,774,670
Joined:Jun 2009
Message Posted: Oct 29, 2012 3:38:34 PM

Here in the Northeast...it's all up to Sandy.
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Oct 28, 2012 12:48:38 PM

Hopefully
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,307
Points:1,428,495
Joined:Oct 2008
Message Posted: Oct 27, 2012 11:51:45 AM

Ours jumped as much as 50 cents today. Greedway leading the charge to $3.459.
Profile Pic
dcone2
Champion Author Los Angeles

Posts:2,874
Points:563,855
Joined:Jul 2012
Message Posted: Oct 27, 2012 12:23:58 AM

ok
Profile Pic
99dakota
Champion Author Providence

Posts:10,493
Points:2,667,960
Joined:Oct 2006
Message Posted: Oct 26, 2012 6:11:00 AM

Just in time for the election! In the hope voters have short memories?
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,150
Points:1,264,085
Joined:Mar 2011
Message Posted: Oct 25, 2012 12:03:22 AM

Until they rise again.
Profile Pic
Vette1967
Champion Author Albany

Posts:8,274
Points:1,774,670
Joined:Jun 2009
Message Posted: Oct 25, 2012 12:02:33 AM

ok
Profile Pic
Vette1967
Champion Author Albany

Posts:8,274
Points:1,774,670
Joined:Jun 2009
Message Posted: Oct 24, 2012 11:57:04 PM

Falling a couple of times today.
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,407
Points:1,158,120
Joined:Mar 2011
Message Posted: Oct 22, 2012 5:38:40 PM

about time
Profile Pic
dockersbin
Veteran Author North Carolina

Posts:433
Points:623,525
Joined:May 2006
Message Posted: Oct 19, 2012 11:35:39 AM

MAybe if everyone would quit trying to predict. Funny how everyone hass become a weatherman - try to predict what is going to happen but does nothing if they are wrong. :) Happy Friday!
Profile Pic
Vette1967
Champion Author Albany

Posts:8,274
Points:1,774,670
Joined:Jun 2009
Message Posted: Oct 18, 2012 10:47:12 PM

Yawn...Zzzzzzz.
Profile Pic
Chris46
Champion Author Dayton

Posts:38,389
Points:2,569,200
Joined:Sep 2005
Message Posted: Oct 17, 2012 7:02:05 PM

Poised to fall? The proverbial bottom has fell out if it in Dayton. $3.21
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,407
Points:1,158,120
Joined:Mar 2011
Message Posted: Oct 16, 2012 7:27:36 PM

I'm waiting for it to fall.
Profile Pic
dcone2
Champion Author Los Angeles

Posts:2,874
Points:563,855
Joined:Jul 2012
Message Posted: Oct 16, 2012 6:33:56 PM

ok
Profile Pic
Gmsclecarparts
All-Star Author Oklahoma City

Posts:735
Points:135,680
Joined:Jun 2007
Message Posted: Oct 16, 2012 4:08:55 PM

poised? gas prices have been dropping here the last 2 weeks. Only diesel has gone up :(

This morning locally, e10 junk gas was as low as 3.18 a gal. In my vehicles that'a a PGME (poor gas mileage equivalent) of 3.45 a gallon. Luckily, have a choice & I filled up at $3.25 a gal 100% Pure Gasoline. That will have to work, hoping for more price drops.
Profile Pic
listerone
Champion Author Boston

Posts:5,134
Points:1,330,290
Joined:Aug 2008
Message Posted: Oct 16, 2012 2:44:27 PM

This announcement courtesy of Obama/Biden 2012.
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,307
Points:1,428,495
Joined:Oct 2008
Message Posted: Oct 16, 2012 1:11:21 PM

Chicago spot wholesale down to $2.38 right now.
GREEDway states should be seeing retail at around $3.
Currently GREEDway states are between $3.55 and $3.75 on average.
Come on GREEDway. We're waiting.....
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,076
Points:1,139,125
Joined:Mar 2011
Message Posted: Oct 16, 2012 1:09:54 PM

Some prices are lower here, but I don't trust they'll last long!
Profile Pic
gas4433
Champion Author Houston

Posts:3,253
Points:973,210
Joined:Sep 2011
Message Posted: Oct 16, 2012 12:39:31 PM

Ok
Profile Pic
Grizdad
Champion Author Montana

Posts:7,863
Points:1,138,490
Joined:Oct 2010
Message Posted: Oct 16, 2012 11:49:35 AM

Ya right. Not here in the land of fruits and nuts...
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:4,797
Points:1,293,560
Joined:Nov 2009
Message Posted: Oct 16, 2012 10:58:59 AM

Appear? Give me a heads up when they actually do.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Oct 16, 2012 10:55:39 AM

good
Profile Pic
gasokie
Champion Author Oklahoma

Posts:4,550
Points:1,731,230
Joined:May 2007
Message Posted: Oct 16, 2012 10:19:39 AM

I was on the road last night and filled up in Tulsa at $3.21. I love it. Cheaper enough to make a difference on the fillup price! I'm looking forward to $2.99 gas. However, this morning shows gas prices up in Tulsa at the same station. Hope that it's not the trend.
Profile Pic
cucamping
Champion Author Omaha

Posts:12,490
Points:2,546,600
Joined:Jun 2006
Message Posted: Oct 16, 2012 7:18:36 AM

Should not even be above 3 a gal.
Profile Pic
prcoqui
Champion Author Maryland

Posts:5,406
Points:2,024,720
Joined:Dec 2006
Message Posted: Oct 16, 2012 6:34:05 AM

Only time will tell.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,190
Points:2,708,490
Joined:Oct 2005
Message Posted: Oct 16, 2012 6:08:28 AM

Ok
Profile Pic
pbear316
Champion Author Akron

Posts:4,295
Points:1,173,115
Joined:Apr 2011
Message Posted: Oct 16, 2012 6:08:05 AM

It's already happened in northeast Ohio. I have seen prices as low as $3.49.
Profile Pic
isem
Champion Author Missouri

Posts:4,239
Points:922,065
Joined:Feb 2012
Message Posted: Oct 16, 2012 6:06:44 AM

Déjà vu
Profile Pic
bikerWI
Champion Author Milwaukee

Posts:3,717
Points:1,373,765
Joined:Apr 2010
Message Posted: Oct 16, 2012 6:04:55 AM

Ok.
Profile Pic
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Oct 16, 2012 6:04:12 AM

At last! Could it also have been a reaction to some government scrutiny of gas prices?
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,455
Points:866,270
Joined:Feb 2012
Message Posted: Oct 16, 2012 6:02:34 AM

Until the next reason for the speculators to make it rise!
Profile Pic
warlord1
Champion Author Georgia

Posts:7,341
Points:1,518,905
Joined:May 2010
Message Posted: Oct 16, 2012 5:59:12 AM

ok
Profile Pic
Chem60
Champion Author Tallahassee

Posts:6,941
Points:1,310,610
Joined:Oct 2010
Message Posted: Oct 16, 2012 5:58:53 AM

It's just a roller coaster ride.
Post a reply Back to Topics