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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...

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Submitted Oct 01, 2012 By: PD

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txrojo2005 All-Star Author Austin Posts:802 Points:500,960 Joined:May 2011	Message Posted: Jun 18, 2013 1:31:22 PM Ignore txrojo2005 Report Abuse Up 8 cents in central Texas today.
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Jun 18, 2013 1:29:05 AM Ignore KAR120CSII Report Abuse Hey folks -- take a look at the date on this --
JAPirate Sophomore Author San Antonio Posts:245 Points:185,215 Joined:Jul 2010	Message Posted: Jun 17, 2013 10:42:52 PM Ignore JAPirate Report Abuse sure hope not.
rosa403 Rookie Author Indiana Posts:18 Points:18,875 Joined:Apr 2013	Message Posted: Jun 17, 2013 6:26:40 PM Ignore rosa403 Report Abuse i don't think we will ever get to 2 bucks
kiatoindos All-Star Author Chicago Posts:879 Points:108,830 Joined:Dec 2012	Message Posted: Jun 15, 2013 6:20:19 AM Ignore kiatoindos Report Abuse Lightning strike at citgo $4.99 Chicago north side.
mdcsgt Sophomore Author South Carolina Posts:176 Points:55,695 Joined:Feb 2013	Message Posted: Jun 14, 2013 11:24:35 AM Ignore mdcsgt Report Abuse Forget gas coming down. Swords are rattling again in the middle east! PRESTO, INSTANT OIL PRICE INCREASER! OBUMER SAYS WE'LL SUPPORT THE REBELS IN SYRIA! AND GET THIS SYRIA Doesn't "PUMP OIL" PERIOD!!!!!!?????
xbAG Veteran Author California Posts:479 Points:234,490 Joined:Jan 2012	Message Posted: Jun 13, 2013 1:42:49 AM Ignore xbAG Report Abuse they r starting to rise again. Bummer!
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Jun 10, 2013 1:31:18 AM Ignore KAR120CSII Report Abuse Tell me it ain't so. Whoops, this story in really old -- PD was right -- the hundred times since this story this has happened to us.
GrahamPrix Rookie Author Virginia Posts:6 Points:7,525 Joined:Apr 2009	Message Posted: Jun 7, 2013 3:13:26 PM Ignore GrahamPrix Report Abuse Supply and demand win and Exxon remains well off.
bluechip77 Rookie Author New York Posts:40 Points:30,070 Joined:Feb 2012	Message Posted: Jun 7, 2013 2:38:36 PM Ignore bluechip77 Report Abuse And of course there is always the price increase for vacation period (school is out for the summer....shortly) when we all hit the highways!
shstew Veteran Author British Columbia Posts:291 Points:330,570 Joined:Nov 2011	Message Posted: Jun 7, 2013 1:38:36 PM Ignore shstew Report Abuse Not surprising
MiataPrincess All-Star Author Des Moines Posts:733 Points:125,635 Joined:Feb 2013	Message Posted: May 29, 2013 7:12:50 AM Ignore MiataPrincess Report Abuse go figure...8-(
nstrdnvstr Champion Author Twin Cities Posts:37,025 Points:4,011,755 Joined:May 2001	Message Posted: May 27, 2013 3:50:10 PM Ignore nstrdnvstr Report Abuse I agree.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 26, 2013 9:02:35 AM Ignore Donatelo Report Abuse no one knows where prices end up, too many variables.
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: May 24, 2013 1:50:12 AM Ignore KAR120CSII Report Abuse Sure was.
xbAG Veteran Author California Posts:479 Points:234,490 Joined:Jan 2012	Message Posted: May 23, 2013 7:40:07 PM Ignore xbAG Report Abuse Bummer!!
RedDust555 Rookie Author Billings Posts:1 Points:120 Joined:May 2011	Message Posted: May 23, 2013 5:29:24 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:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 23, 2013 9:22:07 AM Ignore Donatelo Report Abuse up and staying up in ohio.
smugutu1234 Veteran Author Tallahassee Posts:351 Points:98,265 Joined:Feb 2013	Message Posted: May 23, 2013 9:01:20 AM Ignore smugutu1234 Report Abuse That is always the case.
heydano67 Champion Author California Posts:1,806 Points:385,235 Joined:Feb 2012	Message Posted: May 21, 2013 2:10:46 AM Ignore heydano67 Report Abuse seems pretty steady level the past few weeks
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: May 18, 2013 4:58:39 PM Ignore KAR120CSII Report Abuse Yep -- what decline, where and when --
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: May 18, 2013 11:02:46 AM Ignore Gas4Gore Report Abuse Well, that has already happened.
BDNNOD Sophomore Author Seattle Posts:122 Points:48,050 Joined:Mar 2013	Message Posted: May 17, 2013 11:38:43 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:693 Points:332,080 Joined:Nov 2008	Message Posted: May 17, 2013 8:34:18 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:3,736 Points:874,440 Joined:Oct 2010	Message Posted: May 17, 2013 4:04:13 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:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 17, 2013 11:09:17 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:3,282 Points:641,755 Joined:Apr 2010	Message Posted: May 16, 2013 11:05:33 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 All-Star Author Alberta Posts:569 Points:52,915 Joined:Apr 2013	Message Posted: May 16, 2013 9:06:45 PM Ignore priver Report Abuse is it friday yet?
heydano67 Champion Author California Posts:1,806 Points:385,235 Joined:Feb 2012	Message Posted: May 15, 2013 11:48:57 PM Ignore heydano67 Report Abuse coming up on a holiday
CapriceWagon Champion Author Washington Posts:1,009 Points:503,620 Joined:Feb 2008	Message Posted: May 15, 2013 11:51:43 AM Ignore CapriceWagon Report Abuse Oh wow, this is an old article, let it die
CapriceWagon Champion Author Washington Posts:1,009 Points:503,620 Joined:Feb 2008	Message Posted: May 15, 2013 11:50:45 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 Sophomore Author South Carolina Posts:176 Points:55,695 Joined:Feb 2013	Message Posted: May 14, 2013 1:55:31 PM Ignore mdcsgt Report Abuse DUH!!!!! Oil refineries have been cutting production all winter to keep supplies tight artificially!! MANIPULATION!!!
smugutu1234 Veteran Author Tallahassee Posts:351 Points:98,265 Joined:Feb 2013	Message Posted: May 14, 2013 7:21:59 AM Ignore smugutu1234 Report Abuse Gas prices are already going back up.
wolfsbane Champion Author Dayton Posts:1,092 Points:755,915 Joined:May 2010	Message Posted: May 14, 2013 5:09:25 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:3,282 Points:641,755 Joined:Apr 2010	Message Posted: May 14, 2013 1:35:11 AM Ignore KAR120CSII Report Abuse What decline -- 28 cents in a week here?
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 13, 2013 12:56:48 PM Ignore Donatelo Report Abuse we pay what they say.
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: May 13, 2013 12:09:20 PM Ignore RapMassaG Report Abuse Yep- 40 cent spike in Ohio this morning. Led, as always, by Greedway.
gasmeup52 Champion Author Missouri Posts:1,460 Points:710,260 Joined:Jan 2011	Message Posted: May 13, 2013 11:23:20 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 10:51:47 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:907 Points:380,075 Joined:May 2011	Message Posted: May 12, 2013 11:25:09 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 10:39:24 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:481 Points:211,010 Joined:Dec 2010	Message Posted: Jan 7, 2013 8:05:15 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:810 Points:175,400 Joined:Dec 2012	Message Posted: Jan 7, 2013 7:56:29 AM Ignore prassu2012 Report Abuse May be
dongo50 Champion Author West Virginia Posts:14,878 Points:2,407,745 Joined:Jul 2006	Message Posted: Jan 7, 2013 7:02:29 AM Ignore dongo50 Report Abuse slight decline seems to have stopped here.
prassu2012 All-Star Author Illinois Posts:810 Points:175,400 Joined:Dec 2012	Message Posted: Jan 6, 2013 11:44:52 PM Ignore prassu2012 Report Abuse may be
prassu2012 All-Star Author Illinois Posts:810 Points:175,400 Joined:Dec 2012	Message Posted: Jan 5, 2013 5:33:30 PM Ignore prassu2012 Report Abuse yes
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Nov 14, 2012 2:12:35 AM 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:8,706 Points:1,815,070 Joined:Nov 2003	Message Posted: Nov 11, 2012 12:39:45 PM Ignore benjy Report Abuse nothing new..
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Nov 9, 2012 10:25:17 AM Ignore Donatelo Report Abuse ok
hyeglenn Champion Author Fresno Posts:1,204 Points:626,240 Joined:Apr 2011	Message Posted: Nov 9, 2012 8:04:27 AM Ignore hyeglenn Report Abuse Get ready for the up swing.