Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:35 AM

GasBuddy News Article

55
votes
National average likely to begin dropping in next few weeks

GasBuddy Blog -- It's been well documented that gasoline prices have taken a big climb late this summer. Well, there's reason to believe that the rise is nearing and end: summer is nearly over. After you wipe away the tears, and digest that statement, we have some good news. First of all, the areas most impacted by refining issues lately (Great Lakes and West Coast) may start to see prices falling if they haven't already. In fact, Chicago prices may have just peaked in the last 48 hours. California prices are very close to peaking as well.

More good news lies ahead: wholesale gasoline prices, the price gasoline stations pay, has shown sides of subsiding- so stations can start lowering their prices. Add in that summer is nearly over- demand will likely...


Read the Full Article

Submitted Aug 17, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: National average likely to begin dropping in next few weeks Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
SfC1289
Champion Author Missouri

Posts:1,705
Points:451,950
Joined:May 2013
Message Posted: Apr 30, 2014 10:33:24 PM

I hope so. I was kind of starting to think the same thing.
Profile Pic
YodaON
Champion Author Ottawa

Posts:5,180
Points:1,279,010
Joined:Jan 2011
Message Posted: Apr 30, 2014 10:30:17 PM

I hope so
Profile Pic
dcone2
Champion Author Los Angeles

Posts:2,877
Points:574,640
Joined:Jul 2012
Message Posted: Sep 25, 2012 7:45:12 PM

ok
Profile Pic
99dakota
Champion Author Providence

Posts:10,525
Points:2,680,810
Joined:Oct 2006
Message Posted: Sep 7, 2012 7:45:53 PM

As this article is dated 8/17/2012 it is "the next few weeks" now. I don't see prices dropping...
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,422
Points:1,169,145
Joined:Mar 2011
Message Posted: Aug 27, 2012 7:23:28 PM

sounds good
Profile Pic
GasPriceHelp4u
Champion Author Dayton

Posts:5,033
Points:1,078,825
Joined:Jul 2008
Message Posted: Aug 27, 2012 7:11:15 AM

I hope so!!!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 27, 2012 5:51:53 AM

would be nice... not at my stations.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,549
Points:1,966,345
Joined:Sep 2008
Message Posted: Aug 26, 2012 2:11:31 PM

good stuff
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Aug 26, 2012 11:32:20 AM

ok
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,516
Points:1,132,630
Joined:Oct 2010
Message Posted: Aug 26, 2012 8:26:59 AM

Sure it will
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 26, 2012 7:23:05 AM

prices still rising here.. one station just went up 20 cents in the past 5 days.

Oh yea,.. wait, we have Isaac barrelling down on us.
Profile Pic
jwalkerh
Champion Author Louisiana

Posts:6,478
Points:1,443,155
Joined:Oct 2008
Message Posted: Aug 25, 2012 5:11:12 PM

I won't get my hopes up too high...
Profile Pic
number4
Sophomore Author Tallahassee

Posts:189
Points:40,425
Joined:Jun 2012
Message Posted: Aug 25, 2012 4:43:00 PM

ok
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Aug 25, 2012 10:35:24 AM

ok
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,549
Points:1,966,345
Joined:Sep 2008
Message Posted: Aug 25, 2012 9:00:52 AM

of course fall is almost here
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,516
Points:1,132,630
Joined:Oct 2010
Message Posted: Aug 25, 2012 7:45:47 AM

right
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 25, 2012 12:09:56 AM

... and prices went up ...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 25, 2012 12:08:49 AM

... and then came Isaac ...
Profile Pic
99dakota
Champion Author Providence

Posts:10,525
Points:2,680,810
Joined:Oct 2006
Message Posted: Aug 24, 2012 5:52:15 PM

Lets hope so...
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,422
Points:1,169,145
Joined:Mar 2011
Message Posted: Aug 24, 2012 5:37:11 PM

wishful thinking
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,516
Points:1,132,630
Joined:Oct 2010
Message Posted: Aug 24, 2012 8:14:39 AM

sure it will
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 24, 2012 6:00:35 AM

won't hold my breath for a drop.
Profile Pic
qweenb72
Rookie Author Indiana

Posts:15
Points:3,080
Joined:Aug 2012
Message Posted: Aug 24, 2012 5:53:35 AM

Still holding out for the President to issue a plea for votes in the form of removing the federal tax, which I have heard is 0.48 a gallon. Won't sway me but I will appreciate the effort!
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,422
Points:1,169,145
Joined:Mar 2011
Message Posted: Aug 23, 2012 7:42:09 PM

HOPEFULLY
Profile Pic
jtravis711
Veteran Author Orange County

Posts:276
Points:440,585
Joined:Feb 2011
Message Posted: Aug 23, 2012 5:33:10 PM

As stated before...gasoline prices fall much slower than they rise. It isn't just the price of gasoline thats the issue, its where our fuel dollars are going!!! do we want more jobs here and energy independence or do we want to continue building golden palaces and foreign dependence.
Profile Pic
2bzns
Rookie Author Houston

Posts:1
Points:995
Joined:Aug 2012
Message Posted: Aug 23, 2012 4:15:54 PM

Mandate all oil pulled out of the ground in this country stays in this country. When we reduce our consumption here they put it on tankers and ship it to China. That's how big oil fixes the problem of excess oil in this country.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 23, 2012 5:48:29 AM

prices have risen b/c of specutraitors.
Profile Pic
Vette1967
Champion Author Albany

Posts:8,305
Points:1,787,120
Joined:Jun 2009
Message Posted: Aug 22, 2012 12:29:28 PM

Yeah...well after Labor Day travel.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,549
Points:1,966,345
Joined:Sep 2008
Message Posted: Aug 22, 2012 9:51:45 AM

about time
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,115
Joined:Nov 2008
Message Posted: Aug 22, 2012 5:56:36 AM

of course it will drop... Labor Day will be over and the driving is slowing down again.
Profile Pic
edgarbrn
Sophomore Author Charleston

Posts:197
Points:1,162,830
Joined:Sep 2005
Message Posted: Aug 21, 2012 8:54:26 AM

We'll see.
Profile Pic
99dakota
Champion Author Providence

Posts:10,525
Points:2,680,810
Joined:Oct 2006
Message Posted: Aug 21, 2012 6:02:10 AM

Lets hope so.
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,516
Points:1,132,630
Joined:Oct 2010
Message Posted: Aug 21, 2012 4:20:50 AM

ok
Profile Pic
Ticobird
Champion Author Huntsville

Posts:4,946
Points:1,565,060
Joined:Oct 2009
Message Posted: Aug 20, 2012 6:44:46 PM

I'll believe it when I see it.
Profile Pic
tgreineke
Rookie Author Twin Cities

Posts:16
Points:1,693,345
Joined:Aug 2001
Message Posted: Aug 20, 2012 3:19:37 PM

I will believe it when I see it.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,147
Points:1,088,050
Joined:Sep 2011
Message Posted: Aug 20, 2012 1:21:22 PM

Old post.
Profile Pic
rocket_ron
Champion Author Grand Rapids

Posts:8,586
Points:2,472,665
Joined:Jul 2006
Message Posted: Aug 20, 2012 12:08:11 PM

K
Profile Pic
rocket_ron
Champion Author Grand Rapids

Posts:8,586
Points:2,472,665
Joined:Jul 2006
Message Posted: Aug 20, 2012 12:08:06 PM

K
Profile Pic
roadrunnin
Champion Author Richmond

Posts:2,138
Points:800,280
Joined:May 2008
Message Posted: Aug 20, 2012 11:59:30 AM

the prices were already inflated before summer
Profile Pic
puinsai808
Champion Author Honolulu

Posts:5,849
Points:1,229,785
Joined:May 2011
Message Posted: Aug 20, 2012 11:13:48 AM

old
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,208
Points:2,355,295
Joined:Mar 2003
Message Posted: Aug 20, 2012 10:58:10 AM

Temporary price glitch?
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Aug 20, 2012 10:51:01 AM

ok
Profile Pic
tomok
Champion Author Portland

Posts:42,706
Points:2,856,760
Joined:Aug 2006
Message Posted: Aug 20, 2012 10:40:40 AM

Fuel prices are still going up and are Not 'Falling.' With the refinery fire in California and the repairs to be done, fuel prices will Not be 'Falling' anytime soon.
Big Oil can raise or lower prices, Because they can!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
arcaneradio
Champion Author Michigan

Posts:3,000
Points:587,270
Joined:Dec 2010
Message Posted: Aug 20, 2012 10:21:21 AM

Lies
Profile Pic
Dennisjk
Champion Author Detroit

Posts:8,224
Points:2,380,335
Joined:Apr 2006
Message Posted: Aug 20, 2012 10:17:38 AM

Temporary spike yesterday morning as Speedway stations jumped it over $4.07 but it went back to $3.89 later in the afternoon. It's still too high.
Profile Pic
JXQW
Champion Author Kansas City

Posts:2,787
Points:756,625
Joined:Jul 2008
Message Posted: Aug 20, 2012 9:57:54 AM

very good
Profile Pic
RockCity
Champion Author Denver

Posts:10,422
Points:1,930,340
Joined:Mar 2009
Message Posted: Aug 20, 2012 9:57:09 AM

It's really dropped along these parts, why it's almost free, perhaps.
Profile Pic
Marson
Champion Author Scranton

Posts:11,215
Points:2,576,750
Joined:Oct 2006
Message Posted: Aug 20, 2012 9:43:37 AM

More old news.
Profile Pic
Chinto12
Champion Author Illinois

Posts:1,629
Points:637,440
Joined:Jan 2012
Message Posted: Aug 20, 2012 9:42:22 AM


Gas and oil prices are just a shell game.
Profile Pic
jiml1965
Champion Author Harrisburg

Posts:3,973
Points:1,109,945
Joined:Jan 2011
Message Posted: Aug 20, 2012 9:42:03 AM

glad to hear it
Post a reply Back to Topics