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GasBuddy News Article

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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.


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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
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Nov 1, 2012 8:13:27 PM


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

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Message Posted: Nov 1, 2012 10:02:02 AM

goldentone: whatever
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kyjlh
Champion Author Kentucky

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Points:1,100,650
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
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jethro5000
Champion Author Kentucky

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Message Posted: Nov 1, 2012 6:58:46 AM

...
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goldentoe
Champion Author Oregon

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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!

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bston
Champion Author Oklahoma City

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Message Posted: Nov 1, 2012 12:38:13 AM

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

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Message Posted: Nov 1, 2012 12:16:16 AM

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

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Message Posted: Nov 1, 2012 12:11:07 AM

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

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Message Posted: Nov 1, 2012 12:07:41 AM

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

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Message Posted: Nov 1, 2012 12:03:55 AM

Thank you Sandy.
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gwill76
All-Star Author Orlando

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Message Posted: Nov 1, 2012 12:03:53 AM

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

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Message Posted: Nov 1, 2012 12:03:07 AM

Time will tell.
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maxcap59
Champion Author Texas

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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
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OGW
Champion Author London

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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.
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WIWalt
Champion Author Wisconsin

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Message Posted: Oct 31, 2012 11:55:44 PM

good
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pbear316
Champion Author Akron

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Message Posted: Oct 31, 2012 11:55:22 PM

Ok
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Gas4Gore
Champion Author Detroit

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Message Posted: Oct 31, 2012 11:53:53 PM

Good
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Aviator_Rob
Champion Author New York

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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?
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clermont40miles
Champion Author Cincinnati

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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.
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Gas Thirsty
Champion Author Los Angeles

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Message Posted: Oct 31, 2012 11:45:07 PM

Let's hope this stays.
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must87searcher
Champion Author Maryland

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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.
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GRUMPY55
Champion Author California

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Message Posted: Oct 31, 2012 11:43:23 PM

We will see?
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mageetp
Champion Author British Columbia

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Message Posted: Oct 31, 2012 11:39:52 PM

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

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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
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SavALot
Champion Author Virginia Beach

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Message Posted: Oct 31, 2012 11:38:14 PM

This is actually a reverse surprise
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whaboush
Champion Author Richmond

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Message Posted: Oct 31, 2012 11:36:06 PM

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

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Message Posted: Oct 31, 2012 11:29:55 PM

I'll take it
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abcdMA
Champion Author Worcester

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Message Posted: Oct 31, 2012 11:27:00 PM

with reduce demand comes reduced prices
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PrettyLittleLady
Champion Author Modesto

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Message Posted: Oct 31, 2012 11:25:35 PM

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

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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
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GAS1251
Champion Author Texas

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Message Posted: Oct 31, 2012 11:23:15 PM

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

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Message Posted: Oct 31, 2012 11:18:58 PM

good news there
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Is246
Champion Author Albuquerque

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Message Posted: Oct 31, 2012 11:17:42 PM

Good
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dasimon
All-Star Author Florida

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Message Posted: Oct 31, 2012 11:17:38 PM

Hnmm conflicting information.
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drz614
Champion Author Harrisburg

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Message Posted: Oct 31, 2012 11:15:35 PM

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

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Message Posted: Oct 31, 2012 11:14:40 PM

A silver lining?
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wayoung56
Champion Author Alabama

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Message Posted: Oct 31, 2012 11:13:02 PM

Hmmmmmm...
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Gary65
Champion Author Toronto

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Message Posted: Oct 31, 2012 11:12:04 PM

That's a switch.
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36IHBinder
Champion Author Illinois

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Message Posted: Oct 31, 2012 11:11:12 PM

double edge sword
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investmentdr
Champion Author Cleveland

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Message Posted: Oct 31, 2012 11:10:25 PM

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

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Message Posted: Oct 31, 2012 11:10:09 PM

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

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Message Posted: Oct 31, 2012 11:07:34 PM

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

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Message Posted: Oct 31, 2012 11:05:02 PM

good
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txkrb
Champion Author Texas

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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
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jrsva
Champion Author Virginia

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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).
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CityCouponer
Champion Author New Orleans

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Message Posted: Oct 31, 2012 11:00:12 PM

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

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Message Posted: Oct 31, 2012 10:57:21 PM

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

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Message Posted: Oct 31, 2012 10:55:04 PM

A SILVER LINING?
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southrob
Champion Author Tucson

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Message Posted: Oct 31, 2012 10:53:55 PM

and we need to drill now
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kiosk12y
Champion Author Tulsa

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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...
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