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GasBuddy News Article

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Gas prices appear poised to fall

GasBuddy Blog -- Finally. Gasoline prices look like they'll begin declining (in some areas) and continue their descent (in others). The Great Lakes states may see some of the biggest declines after wholesale gasoline prices dropped off last week to their lowest since late June. In fact, some areas of the Great Lakes could see prices fall to the low-to-mid $3/gal range over the next week, which would be their lowest prices since June.

Over the next week, the national average may decline close to double digits per gallon, between 5-12c/gal if all goes smoothly (let's hope it does). As the peak season for gasoline consumption has passed, we're also seeing some speculative money exit, according to CFTC data. On the flip side, money was beginning to flow...


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Submitted Oct 15, 2012 By: PD
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REPLIES (newest first) Post a Reply
Lakepirate13
Veteran Author New York

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Points:47,250
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Message Posted: Jan 29, 2013 12:19:08 PM

There is no real reason for price increases looking at the map prices are the highest were the most intelligent people live.
Vette1967
Champion Author Albany

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Message Posted: Jan 12, 2013 11:04:36 PM

Some stations are raising their prices.
Mr1lung
Champion Author Phoenix

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Message Posted: Jan 12, 2013 3:09:49 PM

NO
gasandgoAL
Champion Author Alabama

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Message Posted: Jan 12, 2013 4:07:55 AM

gas goes up 10 cents and then down 4-6 cents
musicreporter
All-Star Author San Antonio

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Message Posted: Jan 11, 2013 11:06:56 PM

much anticipated
mfgendron
Champion Author New York

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Message Posted: Jan 11, 2013 10:25:15 AM

Dropping? LOL....yeah right...they are going UP.
RapMassaG
Champion Author Cincinnati

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Message Posted: Jan 11, 2013 9:57:01 AM

LOL.
Ours went up 40 cents, 2 days ago.
Dream on.
gasokie
Champion Author Oklahoma

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Message Posted: Jan 11, 2013 8:06:18 AM

These posts live forever.
jwalkerh
Champion Author Louisiana

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Message Posted: Jan 11, 2013 2:34:13 AM

I hope so but it probably won't happen...
Gas4Gore
Champion Author Detroit

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Message Posted: Jan 10, 2013 7:36:04 PM

I do not think so.
TravisTuxy
Sophomore Author Louisville

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Message Posted: Jan 6, 2013 10:02:09 PM

Only problem is that crude futures are around $93/barrel and they should be under $90 to expect some real price drops. Sorry!
prassu2012
Champion Author Illinois

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Message Posted: Jan 6, 2013 9:48:30 PM

yes
benjy
Champion Author Chicago

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Message Posted: Nov 15, 2012 8:20:53 PM

$3.63 in Chi-Town
CapriceWagon
Champion Author Washington

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Message Posted: Nov 13, 2012 3:14:43 PM

$3.50 here
wayne2nd
Rookie Author Champaign

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Message Posted: Nov 12, 2012 9:18:56 AM

Can we get under 3 dollars?
DesertRat2011
Champion Author Riverside

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Message Posted: Oct 30, 2012 9:58:46 AM

I think Sandy will have a big bearing on what prices do for the next couple of weeks.
lazydoggs3
Veteran Author Fresno

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Message Posted: Oct 29, 2012 2:02:59 PM

Hope Sandy dosent come & play with our gas prices on the west coast
Vette1967
Champion Author Albany

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Message Posted: Oct 29, 2012 1:38:34 PM

Here in the Northeast...it's all up to Sandy.
Gas4Gore
Champion Author Detroit

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Message Posted: Oct 28, 2012 10:48:38 AM

Hopefully
RapMassaG
Champion Author Cincinnati

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Message Posted: Oct 27, 2012 9:51:45 AM

Ours jumped as much as 50 cents today. Greedway leading the charge to $3.459.
dcone2
Champion Author Los Angeles

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Message Posted: Oct 26, 2012 10:23:58 PM

ok
99dakota
Champion Author Providence

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Message Posted: Oct 26, 2012 4:11:00 AM

Just in time for the election! In the hope voters have short memories?
jetskijerry
Champion Author North Carolina

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Message Posted: Oct 24, 2012 10:03:22 PM

Until they rise again.
Vette1967
Champion Author Albany

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Message Posted: Oct 24, 2012 10:02:33 PM

ok
Vette1967
Champion Author Albany

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Message Posted: Oct 24, 2012 9:57:04 PM

Falling a couple of times today.
clpassenubye
Champion Author Los Angeles

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Message Posted: Oct 22, 2012 3:38:40 PM

about time
dockersbin
Veteran Author North Carolina

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Joined:May 2006
Message Posted: Oct 19, 2012 9:35:39 AM

MAybe if everyone would quit trying to predict. Funny how everyone hass become a weatherman - try to predict what is going to happen but does nothing if they are wrong. :) Happy Friday!
Vette1967
Champion Author Albany

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Message Posted: Oct 18, 2012 8:47:12 PM

Yawn...Zzzzzzz.
Chris46
Champion Author Dayton

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Message Posted: Oct 17, 2012 5:02:05 PM

Poised to fall? The proverbial bottom has fell out if it in Dayton. $3.21
clpassenubye
Champion Author Los Angeles

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Message Posted: Oct 16, 2012 5:27:36 PM

I'm waiting for it to fall.
dcone2
Champion Author Los Angeles

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Message Posted: Oct 16, 2012 4:33:56 PM

ok
Gmsclecarparts
All-Star Author Oklahoma City

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Message Posted: Oct 16, 2012 2:08:55 PM

poised? gas prices have been dropping here the last 2 weeks. Only diesel has gone up :(

This morning locally, e10 junk gas was as low as 3.18 a gal. In my vehicles that'a a PGME (poor gas mileage equivalent) of 3.45 a gallon. Luckily, have a choice & I filled up at $3.25 a gal 100% Pure Gasoline. That will have to work, hoping for more price drops.
listerone
Champion Author Boston

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Message Posted: Oct 16, 2012 12:44:27 PM

This announcement courtesy of Obama/Biden 2012.
RapMassaG
Champion Author Cincinnati

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Message Posted: Oct 16, 2012 11:11:21 AM

Chicago spot wholesale down to $2.38 right now.
GREEDway states should be seeing retail at around $3.
Currently GREEDway states are between $3.55 and $3.75 on average.
Come on GREEDway. We're waiting.....
bston
Champion Author Oklahoma City

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Message Posted: Oct 16, 2012 11:09:54 AM

Some prices are lower here, but I don't trust they'll last long!
gas4433
Champion Author Houston

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Message Posted: Oct 16, 2012 10:39:31 AM

Ok
Grizdad
Champion Author Montana

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Message Posted: Oct 16, 2012 9:49:35 AM

Ya right. Not here in the land of fruits and nuts...
doctorindyj
Champion Author Santa Fe

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Message Posted: Oct 16, 2012 8:58:59 AM

Appear? Give me a heads up when they actually do.
Donatelo
Champion Author Dayton

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Message Posted: Oct 16, 2012 8:55:39 AM

good
gasokie
Champion Author Oklahoma

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Message Posted: Oct 16, 2012 8:19:39 AM

I was on the road last night and filled up in Tulsa at $3.21. I love it. Cheaper enough to make a difference on the fillup price! I'm looking forward to $2.99 gas. However, this morning shows gas prices up in Tulsa at the same station. Hope that it's not the trend.
cucamping
Champion Author Omaha

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Message Posted: Oct 16, 2012 5:18:36 AM

Should not even be above 3 a gal.
prcoqui
Champion Author Maryland

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Message Posted: Oct 16, 2012 4:34:05 AM

Only time will tell.
Jeffro61
Champion Author Cleveland

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Message Posted: Oct 16, 2012 4:08:28 AM

Ok
pbear316
Champion Author Akron

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Message Posted: Oct 16, 2012 4:08:05 AM

It's already happened in northeast Ohio. I have seen prices as low as $3.49.
isem
Champion Author Missouri

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Message Posted: Oct 16, 2012 4:06:44 AM

Déjà vu
bikerWI
Champion Author Milwaukee

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Joined:Apr 2010
Message Posted: Oct 16, 2012 4:04:55 AM

Ok.
jcdakota
Champion Author Baltimore

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Message Posted: Oct 16, 2012 4:04:12 AM

At last! Could it also have been a reaction to some government scrutiny of gas prices?
Ferdman17
Champion Author Albany

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Message Posted: Oct 16, 2012 4:02:34 AM

Until the next reason for the speculators to make it rise!
warlord1
Champion Author Georgia

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Message Posted: Oct 16, 2012 3:59:12 AM

ok
Chem60
Champion Author Tallahassee

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Message Posted: Oct 16, 2012 3:58:53 AM

It's just a roller coaster ride.
gabbygusIN
Champion Author Indiana

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Message Posted: Oct 16, 2012 3:58:46 AM

GREED is stopping them from lowering with wholesale prices!!
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