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GasBuddy News Article

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Gas prices should level in August after July wildness

Fuel Fix -- Gasoline prices might have seemed a bit out of whack this month.

After three months of monthly declines, gasoline prices rose 17 cents a gallon in July, marking the largest monthly rise in July over the past dozen years, according to AAA gas gauge.

Houston gasoline prices remained steady over the past week at $3.35 a gallon. Over the past month though, Houston drivers are paying nearly 20 cents more as gasoline rose with the steady rise of crude oil prices.

Nationally, unleaded gasoline rose 4 cents to $3.52 for the week, and Texans saw price stay steady at $3.35.

“Higher global oil prices and increased demand for gasoline during the busy summer driving season were the primary factors that sent pump prices higher in July,” said Avery Ash, AAA spokesperson.

Gasoline has struggled throu


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Submitted Aug 02, 2012 By: leemun
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas prices should level in August after July wildness Back to Topics
REPLIES (newest first) Post a Reply
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DesertRat2011
Champion Author Riverside

Posts:5,254
Points:804,875
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Message Posted: Aug 14, 2012 10:00:29 AM

Sure shows how wrong predicting gas prices can be.
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honda0105
Champion Author Tallahassee

Posts:21,410
Points:1,937,840
Joined:Nov 2008
Message Posted: Aug 6, 2012 6:00:11 AM

prices always go up, fall a tad, rise high. Pig Oil Greed.
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CdnLynx
Champion Author Ontario

Posts:1,220
Points:790,325
Joined:May 2008
Message Posted: Aug 4, 2012 12:19:54 AM

ah, right and how long have they been rising overall; never stops, occasionally, 1 or 2 cents decrease, afterwards, there are increases in multiples; incessant and never ending!
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1006
Champion Author Birmingham

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Message Posted: Aug 3, 2012 9:31:02 PM

are you kidding me
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sparky808
Champion Author Honolulu

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Message Posted: Aug 3, 2012 1:34:30 PM

Thank you for posting.
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sedonaJ
All-Star Author Arizona

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Joined:Mar 2012
Message Posted: Aug 3, 2012 12:31:08 PM

More speculation ,at what cost? SSDD
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nd73
Champion Author Grand Rapids

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Joined:May 2007
Message Posted: Aug 3, 2012 10:15:44 AM

Perhaps we should look forward to prices leveling off around $4.50 in Michigan??
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J4romeo
All-Star Author Gary

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Joined:Jan 2006
Message Posted: Aug 3, 2012 12:20:37 AM

3.89 to 4.19 in my area..:(
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RichWLIN
Champion Author Indiana

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Message Posted: Aug 3, 2012 12:19:27 AM

not!
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lindact
Champion Author New Haven

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Message Posted: Aug 3, 2012 12:17:03 AM

Perhaps a short reprieve before gearing up for winter heating oil needs.
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us4usa
Champion Author Missouri

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Message Posted: Aug 3, 2012 12:15:32 AM

Up ten cents today to $3.34 a gallon...
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reeneedan
Champion Author San Jose

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Message Posted: Aug 3, 2012 12:13:45 AM

we will see
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langolera
Champion Author Akron

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Message Posted: Aug 3, 2012 12:12:57 AM

do u mean level up sheesh 3.89 here in Akron
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jackson661
Champion Author Columbus

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Message Posted: Aug 3, 2012 12:12:37 AM

Hope it goes down.
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Stang12_5.0
Champion Author Cleveland

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Message Posted: Aug 3, 2012 12:10:03 AM

$3.89 here in Cleveland right now.
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rahcat
Champion Author Grand Rapids

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Message Posted: Aug 3, 2012 12:09:09 AM

I don't believe it.......prices up to $3.95-$3.99 here today.
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Aug 3, 2012 12:08:48 AM

I doubt it.
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WalkingWV
Champion Author West Virginia

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Message Posted: Aug 3, 2012 12:03:53 AM

Level out at about $4.
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Aug 3, 2012 12:03:52 AM

I'll believe it when I see it.
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mpg611
Champion Author Cleveland

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Message Posted: Aug 3, 2012 12:01:25 AM

We'll see.
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GigHarborHound
Champion Author Tacoma

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Message Posted: Aug 2, 2012 11:57:43 PM

Yup!!!
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DustyHorse
Champion Author Virginia

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Message Posted: Aug 2, 2012 11:56:09 PM

Gas prices should go down.
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VanIsleLes
All-Star Author British Columbia

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Message Posted: Aug 2, 2012 11:55:41 PM

Ours just went down a bit
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bonzoonfmb
Champion Author Florida

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Message Posted: Aug 2, 2012 11:54:46 PM

Gas prices are too high.
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DEG
Champion Author Las Vegas

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Message Posted: Aug 2, 2012 11:53:03 PM

Gas is still double what is reasonable as is oil.
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30mpg80
Champion Author Lexington

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Message Posted: Aug 2, 2012 11:47:19 PM

Needs to spike DOWN then level in August
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mstearno
Champion Author Dayton

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Message Posted: Aug 2, 2012 11:47:07 PM

no something will happen
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Ply440GTX
Champion Author Phoenix

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Joined:Feb 2009
Message Posted: Aug 2, 2012 11:45:16 PM

...then spike again due to "winter blend..."

It's ALWAYS something...
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chicoCA
Champion Author California

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Message Posted: Aug 2, 2012 11:45:01 PM

okay
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truckguy115
Champion Author Orange County

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Points:224,745
Joined:Apr 2008
Message Posted: Aug 2, 2012 11:44:19 PM

it was nice to see it go lower. that didn't last and now it's almost $4.00 gallon again. so much for economic recovery. oh wait it never happened.
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oldiesman
Champion Author New York

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Message Posted: Aug 2, 2012 11:43:50 PM

We will see?
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wild3bill
Champion Author New York

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Message Posted: Aug 2, 2012 11:42:15 PM

Got to break UP uthe Big Oil Monopoly AGAIN!
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vibdata
Champion Author Massachusetts

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Message Posted: Aug 2, 2012 11:40:51 PM

Uh Huh. When WILL you ever learn? Look at the FUTURES. They are SOARING.
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craigsf38
Champion Author Rochester

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Message Posted: Aug 2, 2012 11:40:49 PM

They are still climbing here
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Yooperheart
Champion Author Michigan

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Joined:Feb 2010
Message Posted: Aug 2, 2012 11:40:21 PM

Just when things looked good, Bam upside your head.
Just can't get a break around here.
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mmadsen05
Sophomore Author Tacoma

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Message Posted: Aug 2, 2012 11:38:30 PM

ok
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streetcars
Champion Author Toledo

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Message Posted: Aug 2, 2012 11:38:29 PM

I hope it comes back down after all the supply problems are fixed
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bigoilscamsus
Champion Author Lansing

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Message Posted: Aug 2, 2012 11:36:13 PM

Protest high gas prices--any gas priced above $2.50 per gallon!! Picket the 15 highest priced gas stations in your area!!
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knot2swift
Champion Author Calgary

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Message Posted: Aug 2, 2012 11:36:04 PM

It all depends on economies and stimulus.
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jimedB
Champion Author Riverside

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Message Posted: Aug 2, 2012 11:33:23 PM

And as soon as they start to level out there will either be some minor disruption in supply or refineries will shut down for "routine" maintinance and the price will go back up 10x faster than it ever comes down.
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speedys
Champion Author Utah

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Message Posted: Aug 2, 2012 11:33:01 PM

This is only a guess.
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firefly09
Champion Author San Diego

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Joined:Mar 2009
Message Posted: Aug 2, 2012 11:32:15 PM

Gas is still way to high.
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kelly1016
Champion Author Victoria

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Joined:Oct 2011
Message Posted: Aug 2, 2012 11:32:14 PM

Or maybe they won't.
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mcmonsta
Champion Author Honolulu

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Message Posted: Aug 2, 2012 11:31:55 PM

a bit harder when we cannot control the oil price...if only we could and keep all the oil inhouse!
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CritterNanny
Veteran Author Washington

Posts:322
Points:1,606,975
Joined:Jun 2008
Message Posted: Aug 2, 2012 11:31:46 PM

Hope for a break soon...
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paulydel
Champion Author Delaware

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Message Posted: Aug 2, 2012 11:29:48 PM

Gas prices are still way to high if they are over a dollar a gallon.
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Sneakers55
Champion Author Houston

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Message Posted: Aug 2, 2012 11:28:58 PM

On Aug 2, 2012 10:14:25 PM, KhelbenArunson wrote:

>I say we re regulate there entire industry, and I say we make
>those regulations EVEN STRICTER than the pre bush regulations.

I say you should keep your hands off the oil industry. As it stands now, the average oil company makes a profit of eight cents on every dollar of fuel they sell.

When I was working (since retired), our Finance people said the minimum acceptable level was ten and a half cents on every dollar of products and services we sold.

Needless to say, the company I used to work for was not in the oil business.
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gasgo123
Champion Author South Carolina

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Points:2,070,830
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Message Posted: Aug 2, 2012 11:28:26 PM

In the past month to 45 days gas has went from 2.829/10 to 3.209/10 at one station in SC. That is 38 cents a gallon.
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Sneakers55
Champion Author Houston

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Points:2,424,045
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Message Posted: Aug 2, 2012 11:23:14 PM

On Aug 2, 2012 9:14:54 PM, USAv8tor wrote:

>We got screwed on our Iraqi oil investment after the U.S. spent
>tens of billions of dollars rebuilding that sh!thole of a country
>in the middle of the God forsaken desert.

It was a Dick Cheney fantasy for the funds wasted in Iraq to be an "oil investment."

And they wouldn't have to have spent tens of billions of dollars on the rebuilding of Iraq had saner heads prevailed and prevented the expenditure of billions of dollars on the destruction of Iraq.
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OGW
Champion Author London

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Message Posted: Aug 2, 2012 11:22:41 PM

Don't bet money on it, it is going to get still wilder in the fall.
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