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GasBuddy News Article

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Gas prices could drop to $3 a gallon by end of the year

Quincy Herald-Whig -- Keep your fingers crossed.

According to at least one well-respected analyst, barring another Hurricane Katrina or some major uprising in the Middle East, those plummeting gas prices should continue their downward spiral, possibly reaching $3 a gallon later this year.

Michael Right, a St. Louis-based vice president and longtime analyst for the AAA auto club, monitors various gas-related markets. He told The Herald-Whig in a phone interview he feels the recent plunge at the pump is no mirage.

"I think you'll possibly see $3 a gallon -- or lower -- by the end of the year," said Right, who specifically tracks costs in Missouri, southern Illinois, Kentucky, Mississippi and Louisiana. "The (higher taxes) in Illinois might affect how low prices end up there, but unless there is a hurr


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Submitted Oct 20, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas prices could drop to $3 a gallon by end of the year Back to Topics
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honda0105
Champion Author Tallahassee

Posts:22,919
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Message Posted: Oct 24, 2012 5:43:27 AM

would be nice, but I agree with RitaV. It probably won't happen, though it has dropped about 40 cents (gasoline). Diesel? Not a snowball's chance in hell.
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RitaVespa
Champion Author Oregon

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Points:1,323,505
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Message Posted: Oct 22, 2012 4:40:09 PM

Won't happen. Even when oil prices drop, the gas prices haven't. Why? Because Shell/BP/Chevron, etc KNOW we will continue to pay $4/gal to get to work
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bston
Champion Author Oklahoma City

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Message Posted: Oct 22, 2012 3:20:21 PM

Prices will probably only lower till the election to sway voters.
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gbs1
Champion Author Minnesota

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Joined:Mar 2011
Message Posted: Oct 22, 2012 8:54:09 AM

Most everyone would love to see that
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NOTSOGRN
Champion Author Michigan

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Message Posted: Oct 22, 2012 2:23:32 AM

.
.
Fingers crossed...
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pumaMN
Champion Author Minnesota

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Message Posted: Oct 21, 2012 10:52:50 PM

it about time
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FuelishGuy
Champion Author Edmonton

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Message Posted: Oct 21, 2012 9:37:48 PM

If I was betting man, I'd say there's no way that'll happen but I've been dead wrong before and frankly I hope I am.
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DanMtz
Champion Author Oakland

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Message Posted: Oct 21, 2012 2:11:33 PM

It's not gonna happen around here.
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EconomiserAZ
All-Star Author Tucson

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Points:172,010
Joined:Mar 2011
Message Posted: Oct 21, 2012 1:29:27 PM

Yes that's all well and good. High prices now make the excessive $3 per gallon sound good. But remember, there is no reson it should not be $1.50. Except for greed and governments.
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Skunk63
Champion Author Phoenix

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Message Posted: Oct 21, 2012 10:42:54 AM

I'm not holding my breath.
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tomok
Champion Author Portland

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Message Posted: Oct 21, 2012 7:51:01 AM

Gas prices could drop to $3 a gallon by end of the year but will they? $3.00 a gallon? NO!
Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. There will be NO price reduction or cheaper prices for fuel OR natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced.
'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what the price but it sure helps to have a job too!
The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the New Low!
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.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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WalRus49
Champion Author Boston

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Message Posted: Oct 21, 2012 5:10:29 AM

More organized mayhem and pillage.......................
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heydano67
Champion Author California

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Message Posted: Oct 21, 2012 4:54:01 AM

Would be surprised if they ever went below $3.40 again.
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MINIWINI598
Champion Author Washington

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Message Posted: Oct 21, 2012 3:27:49 AM

no complaining ... here!
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Ahking
Champion Author Orange County

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Message Posted: Oct 21, 2012 1:36:37 AM

will see. who else supports this opinion?
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jetskijerry
Champion Author North Carolina

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Message Posted: Oct 21, 2012 1:17:51 AM

still too expensive
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jetskijerry
Champion Author North Carolina

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Message Posted: Oct 21, 2012 1:17:36 AM

Not long ago it was 77 cents
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gaspumpin
Champion Author Indiana

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Message Posted: Oct 21, 2012 12:47:53 AM

Not betting on it.
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METEOR49
Champion Author Ontario

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Message Posted: Oct 21, 2012 12:41:17 AM

should have been 3 dollars a gallon back in april,pig oil has been filling their pockets ever since .
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mfeldstein
Champion Author Ottawa

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Message Posted: Oct 21, 2012 12:39:39 AM

If we don't starve first.
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obimerrill
Champion Author Cincinnati

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Message Posted: Oct 21, 2012 12:39:30 AM

We are near $3.30 now...would love to see it down more, but I won't hold my breath.
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 21, 2012 12:38:35 AM

Don't hold your breath.
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Rageagainsttm
Champion Author Tampa

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Message Posted: Oct 21, 2012 12:37:56 AM

doubt
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letterchunker
Champion Author Texas

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Message Posted: Oct 21, 2012 12:37:21 AM

Believe it when I see it
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anthroMO
Veteran Author St. Louis

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Joined:Jun 2012
Message Posted: Oct 21, 2012 12:34:36 AM

$3.20 in St. Louis
could drop below $3
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cheaper0ON
Champion Author Ontario

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Message Posted: Oct 21, 2012 12:33:32 AM

I hope so....
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skybiker
Champion Author South Carolina

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Message Posted: Oct 21, 2012 12:33:08 AM

Should be well below $3 a gal now!...
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Godozo
Champion Author Gary

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Message Posted: Oct 21, 2012 12:32:09 AM

I see a range in NW Indiana, but in a section of Munster there's a price war going on and prices are presently down to $3.19/gallon, and it appears the prices are still in free-fall. It wouldn't surprise me to see $2.99 or less anytime soon.

Now whether it holds up once we start on the next year (and the next presidential term) is another question...
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labombaOH
Veteran Author Ohio

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Message Posted: Oct 21, 2012 12:30:59 AM

Not good not good,What are they trying to do for gods sake.Be Merican.This will make Rickey Cheneys heart fail.My god the humanity.All you mormons please oh please pray to one of your gods for a Refinery Fire and get the price back up.This is not the Merica we want.So sad
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Number43
Champion Author Lexington

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Message Posted: Oct 21, 2012 12:26:41 AM

MAYBE. But it will be only a temporary relief.
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Dragnet
Champion Author Arizona

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Message Posted: Oct 21, 2012 12:26:06 AM

What world is the writer living in? Not in America will this happen
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us4usa
Champion Author Missouri

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Message Posted: Oct 21, 2012 12:26:05 AM

Did someone in the WH say under my plan prices will be higher??? Lower prices now is just fishing for votes...
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tedjm1
Champion Author New York

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Message Posted: Oct 21, 2012 12:25:35 AM

Believe it when I see it.
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KnoxGasPriceSpy
Champion Author Knoxville

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Message Posted: Oct 21, 2012 12:25:30 AM

good bye obama
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LocalSpyGuy
Champion Author Tampa

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Message Posted: Oct 21, 2012 12:24:17 AM

Anyone can make a prediction.
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Is246
Champion Author Albuquerque

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Joined:Apr 2011
Message Posted: Oct 21, 2012 12:24:11 AM

Not soon enough.
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rtw777
Champion Author Florida

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Message Posted: Oct 21, 2012 12:23:15 AM

Why not now?
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MountedShooter
Champion Author Georgia

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Joined:Mar 2011
Message Posted: Oct 21, 2012 12:21:17 AM

Ok.
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ShadowACE
Champion Author Boston

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Message Posted: Oct 21, 2012 12:20:51 AM

By the end of the MONTH would be better!!!
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pgerassi
Champion Author Milwaukee

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Joined:Apr 2007
Message Posted: Oct 21, 2012 12:20:50 AM

GREAT, but it still should be under $2/gal given the economy.
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forteras
Champion Author Kentucky

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Message Posted: Oct 21, 2012 12:20:29 AM

Happy Holidays!
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jethro5000
Champion Author Kentucky

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Message Posted: Oct 21, 2012 12:20:16 AM

It could, but it might not...
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chuckwthompson
Champion Author Charlotte

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Message Posted: Oct 21, 2012 12:19:56 AM

Not holding my breath for that to happen.
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arb0526
Champion Author Greensboro

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Message Posted: Oct 21, 2012 12:19:16 AM

It would benefit everyone if it would drop by 3.00/gallon...let's go back to the 80's
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crreed1
Champion Author West Virginia

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Message Posted: Oct 21, 2012 12:19:05 AM

we shall see
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billk44077
Champion Author Cleveland

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Message Posted: Oct 21, 2012 12:19:01 AM

as soon as the electon is behind us, all bets are off
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bridgerunner
Champion Author Virginia

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Message Posted: Oct 21, 2012 12:18:21 AM

I would not bet on it.
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VetteFan
Champion Author Indiana

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Message Posted: Oct 21, 2012 12:17:32 AM

And Ralph Nader could be our next president.
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kiss4afrog
All-Star Author Twin Cities

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Message Posted: Oct 21, 2012 12:16:04 AM

The sooner the better.
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cccbob
Rookie Author Illinois

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Points:109,040
Joined:Sep 2012
Message Posted: Oct 21, 2012 12:15:41 AM

We'll see! I've heard stories before.
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