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GasBuddy News Article

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votes
TS Isaac a reason behind small bump in gas prices

GasBuddy Blog --
T.S. Issac is just a tropical storm, but it is already drawing eyes to it, and concern, as wholesale gasoline prices ceased two days of steep decline and promptly spiked after the path that showed U.S. landfall was released.

On August 16 and 17, wholesale gasoline prices, the prices that stations pay, dropped 4-9c/gal, depending on what region of the country. This led to a leveling off in the national average over last weekend. Then Monday, a new storm was developing in the tropics, which spawned a tropical disturbance- Isaac. Markets initially showed little concern, but after the storm was upgraded to a tropical depression, and then storm, markets started to shift their focus to the developing storm.

Between this...


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Submitted Aug 24, 2012 By: PD
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Author Topic: TS Isaac a reason behind small bump in gas prices Back to Topics
REPLIES (newest first) Post a Reply
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pricewar
Champion Author Ogden

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Message Posted: Sep 26, 2012 12:12:41 AM

IT just a bump in the road
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Donatelo
Champion Author Dayton

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Message Posted: Sep 3, 2012 9:09:07 AM

ok
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 3, 2012 8:15:50 AM

indyjim: indeed. No need for a reason.
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indyjim
Champion Author Indianapolis

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Message Posted: Sep 2, 2012 2:47:53 PM

Stations need no reason to raise prices........it's inevitable.
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albert2008
Champion Author Winnipeg

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Message Posted: Sep 2, 2012 1:28:36 PM

of course
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 2, 2012 7:41:04 AM

funny, now that Isaac has left and Kirk and Leslie are out at sea heading to Europe, gas is dropping about 10 cents (went up 30-40 at several stations here).
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Donatelo
Champion Author Dayton

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Message Posted: Sep 2, 2012 1:45:52 AM

ok
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albiek1976
Champion Author Ohio

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Message Posted: Sep 1, 2012 9:47:27 PM

The gas prices here in Ohio are within 5-7 cents of the before Isaac landfall
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LuckyD43
Champion Author Long Island

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Message Posted: Sep 1, 2012 11:08:13 AM

Actually, GREED is the REAL reason behind the gas bump. Isaac was just a convenient excuse. Oh BTW, it was NOT a small bump. I do not consider a .35ยข increase a small bump.
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Donatelo
Champion Author Dayton

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Message Posted: Sep 1, 2012 10:54:50 AM

ok
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albert2008
Champion Author Winnipeg

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Message Posted: Sep 1, 2012 9:24:13 AM

not nice
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 1, 2012 8:28:58 AM

of course, it's also Labor Day weekend, the end of summer driving season, so the price should drop (by the way it has been in the past...)
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 1, 2012 8:23:31 AM

clearly gouging since prices are now slowly dropping - at least gasoline. Diesel still too high.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Aug 31, 2012 9:51:38 AM

40 cents is NOT a small bump, and it may not be done yet.
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 31, 2012 9:45:50 AM

at least it didnt last
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 30, 2012 6:02:24 AM

albert: I agree. Nothing but greed. And gouging is part of the greed...
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 29, 2012 9:35:02 AM

plain old greed
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SolarReplaceGas
Champion Author Cincinnati

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Message Posted: Aug 29, 2012 7:58:17 AM

Pure, unadulterated greed!
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 29, 2012 6:07:21 AM

I don't think 20 - 30 cents is a SMALL bump.. that's closing in on 10% in a few days. I call that gouging.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Aug 28, 2012 11:19:04 AM

Small? We just jumped 40 cents, with more to come Thursday.
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LuckyD43
Champion Author Long Island

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Message Posted: Aug 28, 2012 11:16:10 AM

Really??? WOW, who would've thunk it.
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 28, 2012 9:16:34 AM

i say plain old greed behind it
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 28, 2012 6:01:21 AM

geeez.. never would have thought that...
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retired23
Sophomore Author Oakland

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Message Posted: Aug 27, 2012 8:54:37 PM

Speculators on Wall Street cause these spikes......
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pilotmass
Champion Author Boston

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Message Posted: Aug 27, 2012 7:02:01 PM

More profit for the Oil companies. And their lobbyists.
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GOBUTLER
Champion Author Indianapolis

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Message Posted: Aug 27, 2012 3:03:22 PM

Any reason to jack up prices!!
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sparky808
Champion Author Honolulu

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Message Posted: Aug 27, 2012 1:30:31 PM

old post.

[Edited by: sparky808 at 8/27/2012 1:30:53 PM EST]
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HawaiianGuy
Champion Author Idaho

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Message Posted: Aug 27, 2012 11:41:28 AM

A small bump. Soon to be a BIG BUMP.
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WBBNC
Veteran Author North Carolina

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Message Posted: Aug 27, 2012 11:35:39 AM

Thay don't need a reason (they will make one) to raise gas prices
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 27, 2012 11:02:24 AM

not nice
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91Explorer
Champion Author Dallas

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Message Posted: Aug 27, 2012 10:43:23 AM

small bump?
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TheRavenHeart
Veteran Author Chattanooga

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Message Posted: Aug 27, 2012 10:34:41 AM

"...as wholesale gasoline prices ceased two days of steep decline..."

Where was this steep decline? Not at the pump, that is for sure...
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DougtheEconMan
Champion Author Akron

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Message Posted: Aug 27, 2012 9:44:45 AM

KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full!

*Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected

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Nickel2005
Champion Author Ontario

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Message Posted: Aug 27, 2012 9:20:28 AM

The usual
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Spetsnaz
Champion Author Dayton

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Message Posted: Aug 27, 2012 9:04:24 AM

Amazing how they profit on others suffering. Something is morally wrong with that!
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mh44s
Champion Author Madison

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Message Posted: Aug 27, 2012 8:52:16 AM

Weekend repeat.
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atomicwings
Rookie Author Akron

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Message Posted: Aug 27, 2012 8:50:14 AM

Don't you love how any excuse is used to immediately and sharply raise prices for something that may happen in the future? But it takes several days to weeks for prices to slowly trickle down...

The oil and gasoline industry is an effective monopoly and should be broken up...
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jony
Champion Author Florida

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Message Posted: Aug 27, 2012 8:49:39 AM

fridays news
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12766
Champion Author New York

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Message Posted: Aug 27, 2012 8:49:25 AM

OK
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bbreff
Champion Author Atlanta

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Message Posted: Aug 27, 2012 8:47:18 AM



TRUE -- BUT VERY OLD NEWS

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firedudette
Champion Author St. Louis

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Message Posted: Aug 27, 2012 8:46:39 AM

ok
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autohio
Champion Author Ohio

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Message Posted: Aug 27, 2012 8:46:15 AM

Yep. Happens every time
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Jamer
Champion Author Las Vegas

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Message Posted: Aug 27, 2012 8:46:13 AM

The speculators are having a field day with this one.
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taxiken
Champion Author Twin Cities

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Message Posted: Aug 27, 2012 8:44:52 AM

Old news.
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nerde
Champion Author Florida

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Message Posted: Aug 27, 2012 8:44:34 AM

whatever
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: Aug 27, 2012 8:43:33 AM

They always have an excuse!
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GPD1739P
Champion Author Illinois

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Message Posted: Aug 27, 2012 8:42:31 AM

Any excuse to raise prices (valid or not) always works for speculators.
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FlyNFool
Champion Author South Carolina

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Message Posted: Aug 27, 2012 8:41:58 AM

old news
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DJRIO
Champion Author Miami

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Message Posted: Aug 27, 2012 8:41:14 AM

old news
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rcohan2
Champion Author South Carolina

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Message Posted: Aug 27, 2012 8:40:58 AM

Wonder twins powers activate...Form of a hurricane...Shape of an oil refinery...
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