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Volatility in gasoline prices to continue through May

GasBuddy Blog -- Wholesale prices drop significantly one day, then rise significantly the next. In what's making forecasting prices seemingly much more difficult, severe volatility is making it ever so difficult to forecast when prices will rise and fall.

A few weeks ago, gasoline spot prices, the price stations pay before tax, hit lows not seen in weeks. Since then, spot prices have been on the rise again, meaning you likely saw prices drop at your local gas station only to see them rise in the last few days.

The West Coast and Great Lakes markets have seen the most volatility lately, with Great Lakes area prices falling quite low only to bounce right back up. I get the question "have prices peaked?" I'd like to think they have, but as...

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Submitted Apr 14, 2012 By: PD

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doncNJ Champion Author New Jersey Posts:7,501 Points:1,501,095 Joined:Oct 2008	Message Posted: Apr 17, 2012 6:19:23 AM Ignore doncNJ Report Abuse I have already read this.
GaSrt8 Veteran Author Georgia Posts:331 Points:396,980 Joined:Nov 2011	Message Posted: Apr 17, 2012 6:17:56 AM Ignore GaSrt8 Report Abuse Old news.
kidneys4la Rookie Author Maine Posts:58 Points:12,720 Joined:Mar 2012	Message Posted: Apr 17, 2012 6:17:32 AM Ignore kidneys4la Report Abuse ? and we didn't know this already
dabayer Champion Author New Hampshire Posts:2,731 Points:621,030 Joined:Oct 2005	Message Posted: Apr 17, 2012 6:17:27 AM Ignore dabayer Report Abuse Only through May, and then what? Prices going into the basement??? The only way to normalize oil/gas prices is to get speculators out of the commodity markets. That will get prices down 30-40%!!!
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Apr 17, 2012 6:17:01 AM Ignore pastorpaulcg Report Abuse Not surprising
CISA Champion Author Orange County Posts:5,927 Points:1,395,010 Joined:Dec 2006	Message Posted: Apr 17, 2012 6:16:50 AM Ignore CISA Report Abuse the BIG news would be MINIMAL volatility!
EXTREMESNOW Champion Author Medford Posts:8,905 Points:1,820,465 Joined:Jul 2006	Message Posted: Apr 17, 2012 6:16:46 AM Ignore EXTREMESNOW Report Abuse This article has been up for three days, guess we are aware now. [Edited by: EXTREMESNOW at 4/17/2012 9:17:17 AM EST]
Kaiyne Champion Author Chicago Posts:2,319 Points:468,815 Joined:Feb 2011	Message Posted: Apr 17, 2012 6:16:33 AM Ignore Kaiyne Report Abuse The prices will most likely go higher in the summer when people take vacations and lower in the winter when people choose to stay inside.
Rancher23 Champion Author Cincinnati Posts:3,173 Points:655,345 Joined:May 2011	Message Posted: Apr 17, 2012 6:16:28 AM Ignore Rancher23 Report Abuse Duh!
TheSicilian Champion Author Jacksonville Posts:5,359 Points:1,465,750 Joined:Feb 2009	Message Posted: Apr 17, 2012 6:16:03 AM Ignore TheSicilian Report Abuse really?!
Ticobird Champion Author Huntsville Posts:3,210 Points:1,112,015 Joined:Oct 2009	Message Posted: Apr 17, 2012 6:15:54 AM Ignore Ticobird Report Abuse I'm not sure what the criteria for price volatility should be but I do know that gasoline, diesel and refined oil products are the "poster children" for commodities experiencing price volatility.
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: Apr 17, 2012 6:15:38 AM Ignore DaisysMomNC Report Abuse Not new news.
Wildman14 Champion Author Virginia Posts:3,675 Points:834,905 Joined:Jul 2008	Message Posted: Apr 17, 2012 6:09:50 AM Ignore Wildman14 Report Abuse Really? Just in May? Well past time to bring back the price controls the peanut farmer eliminated in the '70s.
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:704,430 Joined:Dec 2010	Message Posted: Apr 17, 2012 6:09:11 AM Ignore vcsuksu21 Report Abuse ok
visitor_2 Champion Author Orlando Posts:1,652 Points:1,633,055 Joined:Aug 2006	Message Posted: Apr 17, 2012 6:08:57 AM Ignore visitor_2 Report Abuse "Wholesale prices drop significantly one day" = a trickle at the pump
wheels045 Rookie Author Illinois Posts:91 Points:16,675 Joined:Dec 2009	Message Posted: Apr 17, 2012 6:08:30 AM Ignore wheels045 Report Abuse Interesting they use the term spot price the same term used in gold
craigsf38 Champion Author Rochester Posts:5,688 Points:1,506,030 Joined:Jun 2008	Message Posted: Apr 17, 2012 6:07:16 AM Ignore craigsf38 Report Abuse They will be unstable through peak driving season
PrepHermit Champion Author New Jersey Posts:8,081 Points:1,640,180 Joined:Aug 2008	Message Posted: Apr 17, 2012 6:07:07 AM Ignore PrepHermit Report Abuse Up, up and away.
Escape5 Champion Author Cleveland Posts:11,410 Points:2,212,940 Joined:Feb 2006	Message Posted: Apr 17, 2012 6:06:59 AM Ignore Escape5 Report Abuse I drive 14 miles to work - the lowest price I saw, $3.60/gallon. The highest price I saw, $3.99/gallon. Who is zooming who? ITS ALL ABOUT GREED AND CHARGING WHAT THEY THINK THEY CAN GET. GREEDWAY LEADS THE HIKES.
mreiff Champion Author Louisville Posts:5,330 Points:1,299,690 Joined:May 2009	Message Posted: Apr 17, 2012 6:05:23 AM Ignore mreiff Report Abuse Only May? Since when have gas prices been stable?
fenster66 Champion Author Pittsburgh Posts:3,330 Points:670,090 Joined:May 2011	Message Posted: Apr 17, 2012 6:05:14 AM Ignore fenster66 Report Abuse lets hope it stays low after May....
MikLamb Champion Author Texas Posts:7,965 Points:2,171,120 Joined:Jun 2006	Message Posted: Apr 17, 2012 6:05:09 AM Ignore MikLamb Report Abuse This is still coming up?
Bullseye520 Champion Author Louisville Posts:2,177 Points:663,390 Joined:Apr 2011	Message Posted: Apr 17, 2012 6:03:52 AM Ignore Bullseye520 Report Abuse Wholesale gas price when way down yesterday!
Rancher23 Champion Author Cincinnati Posts:3,173 Points:655,345 Joined:May 2011	Message Posted: Apr 17, 2012 6:02:33 AM Ignore Rancher23 Report Abuse Every article points to prices going down at the pump, but Oil still going up almost $0.90 today!!! WHY!!!!!
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 17, 2012 6:01:49 AM Ignore albert2008 Report Abuse greed greed and more greed
H82Bgouged Champion Author Indiana Posts:15,828 Points:3,136,690 Joined:Aug 2004	Message Posted: Apr 17, 2012 6:01:49 AM Ignore H82Bgouged Report Abuse I totally agree with Zonerovi!!
Jizme Champion Author Lincoln Posts:9,861 Points:2,901,775 Joined:Oct 2004	Message Posted: Apr 17, 2012 6:00:43 AM Ignore Jizme Report Abuse I still want to see the prices go down.
zonernovi Champion Author Michigan Posts:2,204 Points:637,580 Joined:May 2005	Message Posted: Apr 17, 2012 6:00:39 AM Ignore zonernovi Report Abuse gouging whenever the opportunity arises
tml721 Champion Author Columbus Posts:12,590 Points:2,385,550 Joined:Jul 2005	Message Posted: Apr 17, 2012 6:00:38 AM Ignore tml721 Report Abuse It'll continue for years till more production is done.
MetroSexual Champion Author New Hampshire Posts:3,004 Points:316,380 Joined:Aug 2005	Message Posted: Apr 17, 2012 5:59:46 AM Ignore MetroSexual Report Abuse Local stations raised their prices and they have stayed high.
niceguytx Champion Author Houston Posts:13,680 Points:2,709,735 Joined:Sep 2005	Message Posted: Apr 17, 2012 5:57:52 AM Ignore niceguytx Report Abuse This is very true, but I am tired of hearing it and don't agree it needs to be.
ssect8 Champion Author Hartford Posts:7,973 Points:2,092,520 Joined:Jun 2006	Message Posted: Apr 17, 2012 5:57:43 AM Ignore ssect8 Report Abuse Time for a new article.
craigrm Champion Author Connecticut Posts:1,735 Points:576,005 Joined:Mar 2008	Message Posted: Apr 17, 2012 5:57:32 AM Ignore craigrm Report Abuse Ay yi yi.
twinfanMN Champion Author Minnesota Posts:1,610 Points:452,240 Joined:Jun 2011	Message Posted: Apr 17, 2012 5:55:49 AM Ignore twinfanMN Report Abuse Third time I've read this story
sivart Champion Author Arkansas Posts:18,200 Points:3,066,960 Joined:May 2004	Message Posted: Apr 17, 2012 5:55:45 AM Ignore sivart Report Abuse Three or four days in a row for this article!!
GasholeMI Champion Author Lansing Posts:10,119 Points:1,714,290 Joined:Jul 2008	Message Posted: Apr 17, 2012 5:55:21 AM Ignore GasholeMI Report Abuse I can testify that the Great Lakes markets have not fallen quite low.
V8power Champion Author Pennsylvania Posts:2,791 Points:1,375,020 Joined:Oct 2005	Message Posted: Apr 17, 2012 5:55:00 AM Ignore V8power Report Abuse It's not going to stop next month.
gknee09 All-Star Author Philadelphia Posts:980 Points:820,065 Joined:Jul 2009	Message Posted: Apr 17, 2012 5:54:31 AM Ignore gknee09 Report Abuse Just through May?
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Apr 17, 2012 5:53:49 AM Ignore CharlieC08 Report Abuse WOW I had no idea.
otherdave Champion Author Indiana Posts:3,373 Points:1,265,160 Joined:Oct 2008	Message Posted: Apr 17, 2012 5:53:16 AM Ignore otherdave Report Abuse Can we PLEASE get a new story? This one's been hanging around since Saturday!
teatiger Champion Author Dallas Posts:2,660 Points:1,472,865 Joined:Nov 2008	Message Posted: Apr 17, 2012 5:52:59 AM Ignore teatiger Report Abuse as long as big oil calls the shots this will go long past May...
dieselfiendSC Champion Author South Carolina Posts:2,170 Points:843,055 Joined:Nov 2008	Message Posted: Apr 17, 2012 5:52:42 AM Ignore dieselfiendSC Report Abuse Just through May?
Goatroper Champion Author Dallas Posts:6,584 Points:1,291,435 Joined:Apr 2004	Message Posted: Apr 17, 2012 5:51:48 AM Ignore Goatroper Report Abuse Is it just me, or does it seem that GasBuddy is falling down on the job regarding policing duplicate posts and off subject news articles? I saw three articles posted regarding Argentina nationalizing their oil industry. Three? C'mon GasBuddy, wake up.
studebaker1940 Champion Author Tampa Posts:2,490 Points:682,555 Joined:Mar 2011	Message Posted: Apr 17, 2012 5:51:47 AM Ignore studebaker1940 Report Abuse Volatility in gas prices will continue through the next decade
TKAP Champion Author North Carolina Posts:1,415 Points:409,710 Joined:Aug 2006	Message Posted: Apr 17, 2012 5:50:20 AM Ignore TKAP Report Abuse wow
kgfinder Veteran Author St. Louis Posts:337 Points:146,335 Joined:Aug 2011	Message Posted: Apr 17, 2012 5:48:39 AM Ignore kgfinder Report Abuse ok
AcuraTSX Champion Author Ohio Posts:5,472 Points:2,178,130 Joined:Dec 2005	Message Posted: Apr 17, 2012 5:48:31 AM Ignore AcuraTSX Report Abuse Only May?
Dennisjk Champion Author Detroit Posts:6,466 Points:1,921,450 Joined:Apr 2006	Message Posted: Apr 17, 2012 5:48:08 AM Ignore Dennisjk Report Abuse Timek to change this post.
danlanman Champion Author North Carolina Posts:3,312 Points:718,460 Joined:May 2011	Message Posted: Apr 17, 2012 5:48:01 AM Ignore danlanman Report Abuse old news
Mariuxus Champion Author Chicago Posts:3,740 Points:1,866,315 Joined:May 2007	Message Posted: Apr 17, 2012 5:47:53 AM Ignore Mariuxus Report Abuse ok...anything new ,today...?
11SilveradoMN Champion Author Minnesota Posts:1,221 Points:338,380 Joined:Aug 2011	Message Posted: Apr 17, 2012 5:47:37 AM Ignore 11SilveradoMN Report Abuse It takes forever to drop 10 cents but jumps 25 cents in one day!
CptnCanada Champion Author Saskatoon Posts:7,007 Points:914,975 Joined:Jun 2008	Message Posted: Apr 17, 2012 5:47:31 AM Ignore CptnCanada Report Abuse we all know they will rise.. down a bit up a lot