Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:20 AM

GasBuddy News Article

40
votes
Sandy Helps Push Gasoline Prices Lower

CNBC -- Gasoline prices are likely to keep falling, after Super Storm Sandy shut down highways and air travel across the East Coast. "We're not going to see prices move higher because of this storm. We're going to see prices move lower," said Tom Kloza, oil analyst at OPIS. RBOB gasoline futures were down a half percent, at $2.62 per gallon in afternoon trading Tuesday.

Gasoline at the pump continued to decline, with the national average for unleaded regular $3.53, a penny lower than Monday and 11 cents cheaper than a week ago.

Kloza and others said gasoline could move higher in the short term but the dynamic favors lower prices.


Read the Full Article

Submitted Oct 31, 2012 By: Bicycle_Rider
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Sandy Helps Push Gasoline Prices Lower Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Nov 1, 2012 8:13:27 PM


Still going down here. $3.00 and less.
Profile Pic
driver169
Champion Author New York

Posts:14,233
Points:3,009,495
Joined:Jan 2006
Message Posted: Nov 1, 2012 10:02:02 AM

goldentone: whatever
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,620
Points:1,063,830
Joined:Feb 2005
Message Posted: Nov 1, 2012 8:12:16 AM

keep going down. need to get back to where it was 4 yrs ago. $1.84
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,011
Points:839,310
Joined:Jun 2005
Message Posted: Nov 1, 2012 6:58:46 AM

...
Profile Pic
goldentoe
Champion Author Oregon

Posts:7,838
Points:1,746,950
Joined:Mar 2007
Message Posted: Nov 1, 2012 1:47:42 AM

Looks like I've my standing on the 30 Day Rank list has gone up about 1000 places in the last few days. I suppose because of all of the power outages or should I thank President Obama for that also?

Let's see, what did Mitt Witt say in the first debate? "...making sure that those people who are less fortunate and can’t care for themselves are cared by -- by one another." ... "And what we’re seeing right now is, in my view, a -- a trickle-down government approach which has government thinking it can do a better job than free people pursuing their dreams. And it’s not working."

So Breezy Point, NY, according to Mitt Witt, you are on your own. Your house burned down? Go ask your neighbor for help. Don't expect Brownie to do a heckofa job this time!

Profile Pic
bston
Champion Author Oklahoma City

Posts:3,901
Points:1,089,750
Joined:Mar 2011
Message Posted: Nov 1, 2012 12:38:13 AM

Prices have increased this week, & doubt they'll go back down for a long time!
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:776,235
Joined:Dec 2010
Message Posted: Nov 1, 2012 12:16:16 AM

Are we supposed to believe that the election has nothing to do with lowering prices?
Profile Pic
dylan126
Champion Author Cleveland

Posts:6,593
Points:1,033,845
Joined:Sep 2011
Message Posted: Nov 1, 2012 12:11:07 AM

I do not believe it is Sandy that is pushing prices downward.
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,924,915
Joined:Sep 2005
Message Posted: Nov 1, 2012 12:07:41 AM

Not coming down here but are going up!
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,885
Points:838,240
Joined:Mar 2012
Message Posted: Nov 1, 2012 12:03:55 AM

Thank you Sandy.
Profile Pic
gwill76
All-Star Author Orlando

Posts:850
Points:1,750,095
Joined:May 2008
Message Posted: Nov 1, 2012 12:03:53 AM

Gas prices are like that rollercoaster now in the ocean...UNPREDICTABLE
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,830
Points:1,113,600
Joined:Jan 2010
Message Posted: Nov 1, 2012 12:03:07 AM

Time will tell.
Profile Pic
maxcap59
Champion Author Texas

Posts:3,699
Points:779,260
Joined:Apr 2011
Message Posted: Nov 1, 2012 12:01:42 AM

Went up 10-15 cents here today, and we're nowhere near the path of Sandy
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,924,915
Joined:Sep 2005
Message Posted: Nov 1, 2012 12:00:23 AM

Not in our area. After Sandy slowly moved on, prices started to crept up and there were shortages at some terminals as some stations have not received their delivery yet.
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:3,764
Points:859,870
Joined:Mar 2012
Message Posted: Oct 31, 2012 11:55:44 PM

good
Profile Pic
pbear316
Champion Author Akron

Posts:4,125
Points:1,124,965
Joined:Apr 2011
Message Posted: Oct 31, 2012 11:55:22 PM

Ok
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Oct 31, 2012 11:53:53 PM

Good
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,310
Points:852,900
Joined:Mar 2012
Message Posted: Oct 31, 2012 11:51:41 PM

Gotta figure that refineries near the Gulf Coast are used to hurricanes and have more back-ups, @megadiesellv.

Sandy was a "once in a century" storm but those seem to be happening a lot more nowadays. Is climate change really a hoax?
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,332
Points:2,219,255
Joined:Apr 2008
Message Posted: Oct 31, 2012 11:50:11 PM

Lower is good. Now pass the savings along.

Up like a rocket. Down like a feather. Gas price spike behavior.
Profile Pic
Gas Thirsty
Champion Author Los Angeles

Posts:6,143
Points:3,647,895
Joined:Mar 2003
Message Posted: Oct 31, 2012 11:45:07 PM

Let's hope this stays.
Profile Pic
must87searcher
Champion Author Maryland

Posts:11,075
Points:2,228,305
Joined:Apr 2008
Message Posted: Oct 31, 2012 11:43:24 PM

I have seen the price of gas fall at a couple of stations in this area, which was hit by part of Sandy. Hope it just keeps going down.
Profile Pic
GRUMPY55
Champion Author California

Posts:2,976
Points:792,015
Joined:Oct 2011
Message Posted: Oct 31, 2012 11:43:23 PM

We will see?
Profile Pic
mageetp
Champion Author British Columbia

Posts:5,276
Points:1,069,045
Joined:Aug 2011
Message Posted: Oct 31, 2012 11:39:52 PM

We will see how this developes over the next few days.
Profile Pic
naspa
Champion Author Cleveland

Posts:3,505
Points:802,475
Joined:Jan 2012
Message Posted: Oct 31, 2012 11:39:19 PM

The article before just said prices are going up! Which is it. GB is confusing me as always
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,518
Points:2,156,855
Joined:Apr 2005
Message Posted: Oct 31, 2012 11:38:14 PM

This is actually a reverse surprise
Profile Pic
whaboush
Champion Author Richmond

Posts:1,256
Points:800,095
Joined:Nov 2010
Message Posted: Oct 31, 2012 11:36:06 PM

Lower??!! Not in NJ or NY.
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:3,711
Points:867,075
Joined:Feb 2012
Message Posted: Oct 31, 2012 11:29:55 PM

I'll take it
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,018
Points:2,016,090
Joined:Nov 2008
Message Posted: Oct 31, 2012 11:27:00 PM

with reduce demand comes reduced prices
Profile Pic
PrettyLittleLady
Champion Author Modesto

Posts:5,657
Points:2,327,940
Joined:May 2006
Message Posted: Oct 31, 2012 11:25:35 PM

CA's not that low..
Profile Pic
Greenbuck97
Champion Author Tennessee

Posts:6,609
Points:982,935
Joined:Mar 2008
Message Posted: Oct 31, 2012 11:23:24 PM

yeah, good news for a change. Sorry for friends and faimly in NE US. Glad something good could come out of it.

97
Profile Pic
GAS1251
Champion Author Texas

Posts:7,299
Points:2,076,775
Joined:Jun 2008
Message Posted: Oct 31, 2012 11:23:15 PM

Tell that to the local Philips 66 dealers that went up a dime.
Profile Pic
BizBombe
Sophomore Author Baltimore

Posts:100
Points:556,050
Joined:Sep 2012
Message Posted: Oct 31, 2012 11:18:58 PM

good news there
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,113
Points:686,940
Joined:Apr 2011
Message Posted: Oct 31, 2012 11:17:42 PM

Good
Profile Pic
dasimon
All-Star Author Florida

Posts:556
Points:579,850
Joined:Mar 2011
Message Posted: Oct 31, 2012 11:17:38 PM

Hnmm conflicting information.
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,459
Points:1,047,940
Joined:Aug 2011
Message Posted: Oct 31, 2012 11:15:35 PM

futures were at 2.62? seems kinda low
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,146
Points:1,809,130
Joined:Oct 2008
Message Posted: Oct 31, 2012 11:14:40 PM

A silver lining?
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,820
Points:1,253,735
Joined:Oct 2006
Message Posted: Oct 31, 2012 11:13:02 PM

Hmmmmmm...
Profile Pic
Gary65
Champion Author Toronto

Posts:1,976
Points:1,102,230
Joined:Jan 2009
Message Posted: Oct 31, 2012 11:12:04 PM

That's a switch.
Profile Pic
36IHBinder
Champion Author Illinois

Posts:5,049
Points:1,085,840
Joined:Jun 2011
Message Posted: Oct 31, 2012 11:11:12 PM

double edge sword
Profile Pic
investmentdr
Champion Author Cleveland

Posts:5,836
Points:1,884,845
Joined:Sep 2008
Message Posted: Oct 31, 2012 11:10:25 PM

I'm confused; thought gas prices only went thru the moon
Profile Pic
LCSTEELERBOB
Champion Author Gary

Posts:3,294
Points:805,770
Joined:Oct 2008
Message Posted: Oct 31, 2012 11:10:09 PM

well maybe something good will come out of sandy
Profile Pic
chillyman3
Champion Author Illinois

Posts:1,450
Points:777,350
Joined:Jan 2012
Message Posted: Oct 31, 2012 11:07:34 PM

If they raise prices it would be price gouging.
Profile Pic
BREW9
Champion Author Tampa

Posts:3,008
Points:3,361,340
Joined:Jun 2004
Message Posted: Oct 31, 2012 11:05:02 PM

good
Profile Pic
txkrb
Champion Author Texas

Posts:2,466
Points:1,041,825
Joined:May 2011
Message Posted: Oct 31, 2012 11:04:06 PM

Actually the wholesale price of gas was up over 2 cents a gallon at times today and settled 1.48 cents up per CNN
Profile Pic
jrsva
Champion Author Virginia

Posts:12,178
Points:2,062,650
Joined:Jan 2006
Message Posted: Oct 31, 2012 11:00:23 PM

“and we need to drill now”

Johnny one-note Southrob, do you ever post anything else? The same thing 5x per day whether it is relevant or not (generally not).
Profile Pic
CityCouponer
Champion Author New Orleans

Posts:2,275
Points:485,595
Joined:Aug 2012
Message Posted: Oct 31, 2012 11:00:12 PM

I'll believe it when I see it.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,412
Points:2,117,090
Joined:Jan 2008
Message Posted: Oct 31, 2012 10:57:21 PM

this is a crap article
if prices were up they'd blame sandy
Profile Pic
Blue48
Champion Author Illinois

Posts:9,447
Points:2,088,245
Joined:Feb 2007
Message Posted: Oct 31, 2012 10:55:04 PM

A SILVER LINING?
Profile Pic
southrob
Champion Author Tucson

Posts:5,692
Points:1,120,575
Joined:Mar 2011
Message Posted: Oct 31, 2012 10:53:55 PM

and we need to drill now
Profile Pic
kiosk12y
Champion Author Tulsa

Posts:4,256
Points:962,145
Joined:Mar 2011
Message Posted: Oct 31, 2012 10:53:53 PM

up 10 cent @ my fav station now $3.21 100% no ethanol...eth blend up about 13 cent from 2.97 to 3.09...
Post a reply Back to Topics