GasBuddy Blog

GasBuddy News Article

votes

Gas price decline may be short-lived

GasBuddy Blog -- The U.S. national average has dropped for seven straight days, but unless there's a situation that develops quickly, the decrease may be short lived. Typically, gasoline prices decline in the autumn as gasoline demand dwindles and that drop sparks increases in supply. This year, it seems that between refinery problems and "planned maintenance" we just haven't seen an increase in supply like we normally do.

Oil and wholesale gasoline prices fell last week, but after the weekly EIA report Wednesday, gasoline futures rose while oil prices declined, leading to hefty refinery margins as crude oil prices fell and traders sent wholesale gasoline prices higher because of various supply related issues.

The increase in wholesale...

Read the Full Article

Submitted Oct 01, 2012 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Gas price decline may be short-lived	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: May 23, 2013 10:50:12 PM Ignore KAR120CSII Report Abuse Sure was.
xbAG Veteran Author California Posts:398 Points:213,765 Joined:Jan 2012	Message Posted: May 23, 2013 4:40:07 PM Ignore xbAG Report Abuse Bummer!!
RedDust555 Rookie Author Billings Posts:1 Points:120 Joined:May 2011	Message Posted: May 23, 2013 2:29:24 PM Ignore RedDust555 Report Abuse This always seems to be the same story every year right before Memorial Day weekend. They can talk all that supply issue stuff if they want, its just plain ole capitalism, suppliers raising and lowering cost as they wish. The good old American way, money. Gas prices went up 11 cents in 10 days, so much for wanting to travel this coming weekend. I am staying home.
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: May 23, 2013 6:22:07 AM Ignore Donatelo Report Abuse up and staying up in ohio.
smugutu1234 Sophomore Author Tallahassee Posts:226 Points:73,490 Joined:Feb 2013	Message Posted: May 23, 2013 6:01:20 AM Ignore smugutu1234 Report Abuse That is always the case.
heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: May 20, 2013 11:10:46 PM Ignore heydano67 Report Abuse seems pretty steady level the past few weeks
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: May 18, 2013 1:58:39 PM Ignore KAR120CSII Report Abuse Yep -- what decline, where and when --
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: May 18, 2013 8:02:46 AM Ignore Gas4Gore Report Abuse Well, that has already happened.
BDNNOD Sophomore Author Seattle Posts:119 Points:45,490 Joined:Mar 2013	Message Posted: May 17, 2013 8:38:43 PM Ignore BDNNOD Report Abuse OK ... WHUT DID I MISS ?? WHEN AND WHERE WAS THERE A 'DECLINE' IN FUEL PRICES ??? ALL I KNOW IS WHUT I SEE, THE COSTS TO FILLUP KEEPS GOING HIGHER AND HIGHER EVERY DAY, FOR QUITE AWHILE NOW !!!
rickfro All-Star Author San Diego Posts:685 Points:329,345 Joined:Nov 2008	Message Posted: May 17, 2013 5:34:18 PM Ignore rickfro Report Abuse That's because prices are based on what the oil companies want to charge and get away with charging.
BIGREDNM Champion Author Albuquerque Posts:3,612 Points:849,685 Joined:Oct 2010	Message Posted: May 17, 2013 1:04:13 PM Ignore BIGREDNM Report Abuse That's one of the problems it's always short lived, it's just wrong what they are doing, I had to take a cut in pay to keep my job, but everything else around me in continuing to go up, if your not rich already, they'll make sure you never have a chance to get there either.
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: May 17, 2013 8:09:17 AM Ignore Donatelo Report Abuse we pay what the price is, but we will get more and more away from fossil fuels.
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: May 16, 2013 8:05:33 PM Ignore KAR120CSII Report Abuse What decline? Yes, let this article die. Just makes folks mad. [Edited by: KAR120CSII at 5/16/2013 11:06:41 PM EST]
priver Veteran Author Alberta Posts:425 Points:36,925 Joined:Apr 2013	Message Posted: May 16, 2013 6:06:45 PM Ignore priver Report Abuse is it friday yet?
heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: May 15, 2013 8:48:57 PM Ignore heydano67 Report Abuse coming up on a holiday
CapriceWagon All-Star Author Washington Posts:949 Points:481,020 Joined:Feb 2008	Message Posted: May 15, 2013 8:51:43 AM Ignore CapriceWagon Report Abuse Oh wow, this is an old article, let it die
CapriceWagon All-Star Author Washington Posts:949 Points:481,020 Joined:Feb 2008	Message Posted: May 15, 2013 8:50:45 AM Ignore CapriceWagon Report Abuse It's gone up a penny a day since the beginning of the month here, so I'm not sure of what decline you speak
mdcsgt Rookie Author South Carolina Posts:75 Points:33,920 Joined:Feb 2013	Message Posted: May 14, 2013 10:55:31 AM Ignore mdcsgt Report Abuse DUH!!!!! Oil refineries have been cutting production all winter to keep supplies tight artificially!! MANIPULATION!!!
smugutu1234 Sophomore Author Tallahassee Posts:226 Points:73,490 Joined:Feb 2013	Message Posted: May 14, 2013 4:21:59 AM Ignore smugutu1234 Report Abuse Gas prices are already going back up.
wolfsbane Champion Author Dayton Posts:1,089 Points:738,155 Joined:May 2010	Message Posted: May 14, 2013 2:09:25 AM Ignore wolfsbane Report Abuse The reasons are recycled every now and then but they are always about the same.
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: May 13, 2013 10:35:11 PM Ignore KAR120CSII Report Abuse What decline -- 28 cents in a week here?
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: May 13, 2013 9:56:48 AM Ignore Donatelo Report Abuse we pay what they say.
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,054,020 Joined:Oct 2008	Message Posted: May 13, 2013 9:09:20 AM Ignore RapMassaG Report Abuse Yep- 40 cent spike in Ohio this morning. Led, as always, by Greedway.
gasmeup52 Champion Author Missouri Posts:1,340 Points:684,880 Joined:Jan 2011	Message Posted: May 13, 2013 8:23:20 AM Ignore gasmeup52 Report Abuse Happens all the time.
BlueJaysMVP33 Rookie Author Ontario Posts:23 Points:16,635 Joined:Aug 2011	Message Posted: May 13, 2013 7:51:47 AM Ignore BlueJaysMVP33 Report Abuse Same Old Same Old. Why is it they never have any good news to tell us?
paulweb All-Star Author Ohio Posts:806 Points:356,420 Joined:May 2011	Message Posted: May 12, 2013 8:25:09 PM Ignore paulweb Report Abuse There is no 'may be short lived' about it. Prices for the last four months have sky rocketed.
Within Rookie Author Los Angeles Posts:7 Points:2,650 Joined:Aug 2005	Message Posted: Jan 7, 2013 7:39:24 AM Ignore Within Report Abuse Here in Los Angeles CA the prices are on the up swing. Hold on to your wallets my friends!
duane7810 Veteran Author Illinois Posts:357 Points:187,210 Joined:Dec 2010	Message Posted: Jan 7, 2013 5:05:15 AM Ignore duane7810 Report Abuse I can buy gas cheaper in Morton IL today than I did yesterday in St. Louis, MO. What is up with this? I was always under the impression that IL has the highest gas tax in the country.
prassu2012 All-Star Author Illinois Posts:691 Points:150,870 Joined:Dec 2012	Message Posted: Jan 7, 2013 4:56:29 AM Ignore prassu2012 Report Abuse May be
dongo50 Champion Author West Virginia Posts:14,712 Points:2,382,970 Joined:Jul 2006	Message Posted: Jan 7, 2013 4:02:29 AM Ignore dongo50 Report Abuse slight decline seems to have stopped here.
prassu2012 All-Star Author Illinois Posts:691 Points:150,870 Joined:Dec 2012	Message Posted: Jan 6, 2013 8:44:52 PM Ignore prassu2012 Report Abuse may be
prassu2012 All-Star Author Illinois Posts:691 Points:150,870 Joined:Dec 2012	Message Posted: Jan 5, 2013 2:33:30 PM Ignore prassu2012 Report Abuse yes
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: Nov 13, 2012 11:12:35 PM Ignore KAR120CSII Report Abuse Yep, PD, you're right. it's stopped its decline here. [Edited by: KAR120CSII at 11/14/2012 2:13:25 AM EST]
benjy Champion Author Chicago Posts:8,604 Points:1,790,485 Joined:Nov 2003	Message Posted: Nov 11, 2012 9:39:45 AM Ignore benjy Report Abuse nothing new..
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Nov 9, 2012 7:25:17 AM Ignore Donatelo Report Abuse ok
hyeglenn Champion Author Fresno Posts:1,080 Points:601,630 Joined:Apr 2011	Message Posted: Nov 9, 2012 5:04:27 AM Ignore hyeglenn Report Abuse Get ready for the up swing.
MrLefty0706 Champion Author Chicago Posts:1,454 Points:353,035 Joined:Apr 2012	Message Posted: Nov 6, 2012 9:45:51 PM Ignore MrLefty0706 Report Abuse Just like a rollercoaster!
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Nov 6, 2012 8:31:17 PM Ignore Gas4Gore Report Abuse I'm sure.
Vetteblu Champion Author Denver Posts:2,685 Points:782,770 Joined:Oct 2010	Message Posted: Nov 3, 2012 10:32:45 PM Ignore Vetteblu Report Abuse Yup!
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: Nov 1, 2012 10:02:15 PM Ignore Vette1967 Report Abuse Now thats a real surprise.
PapaAllan Rookie Author Winnipeg Posts:8 Points:21,710 Joined:Oct 2012	Message Posted: Nov 1, 2012 4:27:50 PM Ignore PapaAllan Report Abuse These price drops are a result of a slow down in consumption, this created a gas surplus at the refineries, no doubt the refineries are comensating for that as we speak so that they can once again reduce supply and therefore increase price due to demand.
dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Nov 1, 2012 4:25:37 PM Ignore dcone2 Report Abuse ok
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,054,020 Joined:Oct 2008	Message Posted: Nov 1, 2012 1:23:44 PM Ignore RapMassaG Report Abuse ROFL - What decline?
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Nov 1, 2012 12:29:49 PM Ignore Donatelo Report Abuse ok
99dakota Champion Author Providence Posts:8,123 Points:2,175,095 Joined:Oct 2006	Message Posted: Nov 1, 2012 3:17:19 AM Ignore 99dakota Report Abuse We need long term political change to get long term benefits...
dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Oct 30, 2012 8:11:40 PM Ignore dcone2 Report Abuse good
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Oct 30, 2012 7:04:56 PM Ignore Gas4Gore Report Abuse No
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Oct 30, 2012 8:58:40 AM Ignore Donatelo Report Abuse ok
hyeglenn Champion Author Fresno Posts:1,080 Points:601,630 Joined:Apr 2011	Message Posted: Oct 29, 2012 9:37:15 PM Ignore hyeglenn Report Abuse What Decline?
LainyBoggs Rookie Author Washington Posts:18 Points:2,230 Joined:Oct 2012	Message Posted: Oct 25, 2012 4:07:40 PM Ignore LainyBoggs Report Abuse So lately we have had a drop in prices in our gas. thank god but hey people take advantage because you are right you never know what can happen and our prices may head back in the other direction. We don't create the prices of the barrel but we as a gas station try to be cheap for our towns convenience :)