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The Price We Paid: Gas Is Down, Maybe For A While

NPR -- After spending much of the year on the rise, gas prices are now falling. The average price for a gallon of regular gas nationwide is $3.73, according to AAA. That's a drop of nearly 20 cents in one month. Industry analysts expect the price to keep falling.

You can get in a lot trouble trying to predict commodity prices, though. Phil Flynn, a market analyst at futures brokerage PFGBEST in Chicago, says there is one thing you can predict.

"I always kind of kid around that the first sign of spring in this country is when politicians start complaining about high gas prices," he says.

Sure enough, the political commentary began in early spring.

"It's as simple as this: The emperor has no clothes," House Speaker John Boehner said. "And they can't talk about their record on gas prices

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Submitted May 13, 2012 By: aservant

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sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: May 14, 2012 1:37:16 PM Ignore sparky808 Report Abuse Thank you for posting.
lcleveland Champion Author San Antonio Posts:2,756 Points:676,005 Joined:May 2011	Message Posted: May 14, 2012 8:14:32 AM Ignore lcleveland Report Abuse keep it coming down
Ouch06 Champion Author Michigan Posts:1,647 Points:1,451,895 Joined:Apr 2006	Message Posted: May 14, 2012 8:11:05 AM Ignore Ouch06 Report Abuse Keep falling.
gs7101 Champion Author San Antonio Posts:5,653 Points:395,795 Joined:Jun 2009	Message Posted: May 14, 2012 6:50:35 AM Ignore gs7101 Report Abuse We can only hope gas prices continue to drop.
heydano67 Champion Author California Posts:1,806 Points:385,235 Joined:Feb 2012	Message Posted: May 14, 2012 4:17:26 AM Ignore heydano67 Report Abuse Still waiting out west.
Amplion Champion Author Oregon Posts:6,921 Points:1,892,760 Joined:Sep 2005	Message Posted: May 14, 2012 3:22:47 AM Ignore Amplion Report Abuse SHUT DOWN NPR !!!!! NPR IS OUT TO LUNCH, GAS JUST WENT UP 35c a gallon !!!!! PREMIUM IS $4.99 a GALLON AT PORTERS (formerly WILCO/SHELL)
msk3000tb Rookie Author Portland Posts:16 Points:28,145 Joined:Jun 2011	Message Posted: May 14, 2012 1:50:05 AM Ignore msk3000tb Report Abuse Average price in Portland, Or is 4.16/gallon, up 20 cents this week.
BWJM Champion Author KW Posts:1,113 Points:303,780 Joined:Oct 2011	Message Posted: May 14, 2012 1:45:04 AM Ignore BWJM Report Abuse ok
NOTSOGRN Champion Author Michigan Posts:2,076 Points:1,535,190 Joined:Dec 2007	Message Posted: May 14, 2012 1:36:31 AM Ignore NOTSOGRN Report Abuse . . Enjoy wile you can...I'm getting more gas cans.
RENEGADEGAS Champion Author Missouri Posts:15,069 Points:1,618,825 Joined:Jul 2008	Message Posted: May 14, 2012 1:33:02 AM Ignore RENEGADEGAS Report Abuse BobD2009 .... Again, your right on target. They just jumped 12 cents in California last week and may jump another 15 - 25 cents by midweek there. they say its due to a refinery being closed in Washington but you know this will just give speculators reason to start it soaring again.
Colts13 Champion Author Indiana Posts:1,716 Points:572,460 Joined:Mar 2011	Message Posted: May 14, 2012 1:32:28 AM Ignore Colts13 Report Abuse I hope it keeps going down.
DirtDauber Champion Author San Antonio Posts:6,922 Points:1,655,160 Joined:Nov 2005	Message Posted: May 14, 2012 1:27:46 AM Ignore DirtDauber Report Abuse More downs, than ups here lately.
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: May 14, 2012 1:27:20 AM Ignore OWENALOTT Report Abuse k
MN1 Champion Author Twin Cities Posts:3,494 Points:677,915 Joined:Jun 2011	Message Posted: May 14, 2012 1:25:45 AM Ignore MN1 Report Abuse Hopefully for the summer... at least.
BobD2009 Champion Author Long Island Posts:7,129 Points:1,267,485 Joined:Apr 2009	Message Posted: May 14, 2012 1:23:58 AM Ignore BobD2009 Report Abuse No matter what they say, I think this is the calm before the storm. Recently I saw a few stations raise prices.
LuthierKS Champion Author Wichita Posts:3,902 Points:756,655 Joined:Apr 2011	Message Posted: May 14, 2012 1:23:20 AM Ignore LuthierKS Report Abuse The article should have quit right here: "You can get in a lot trouble trying to predict commodity prices".
benjy Champion Author Chicago Posts:8,706 Points:1,814,320 Joined:Nov 2003	Message Posted: May 14, 2012 1:22:39 AM Ignore benjy Report Abuse a dime is a dime...
KrsnaDragon Champion Author Montreal Posts:2,547 Points:558,250 Joined:Nov 2011	Message Posted: May 14, 2012 1:19:38 AM Ignore KrsnaDragon Report Abuse Yesterday's news...
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: May 14, 2012 1:18:51 AM Ignore Tundralimited2009 Report Abuse Political Science
GigHarborHound Champion Author Tacoma Posts:2,669 Points:514,240 Joined:Sep 2011	Message Posted: May 14, 2012 1:17:52 AM Ignore GigHarborHound Report Abuse Averaging around $4.25 around here!!!!
10k Champion Author North Carolina Posts:21,485 Points:2,281,720 Joined:May 2006	Message Posted: May 14, 2012 1:17:27 AM Ignore 10k Report Abuse i don't consider anything over $2/gallon to be a good price..
dave1745 Champion Author Gary Posts:1,263 Points:761,920 Joined:Dec 2010	Message Posted: May 14, 2012 1:16:39 AM Ignore dave1745 Report Abuse not holding my breath...
Bruno44 Champion Author Texas Posts:7,217 Points:1,795,895 Joined:Sep 2007	Message Posted: May 14, 2012 1:11:17 AM Ignore Bruno44 Report Abuse As low as $3.21 in nearby Lubbock, TX, but greedmasters still keeping prices at #3.59 in Post.
RAE344 Champion Author Virginia Beach Posts:3,207 Points:688,245 Joined:Jun 2011	Message Posted: May 14, 2012 1:10:12 AM Ignore RAE344 Report Abuse With Obama allowing the market to dictate the gas prices because it is an election year, the market is correcting the prices. Just wait if he as four years where he does not have to worry about re election. Too bad for Biden though.
alterman156 Champion Author New York Posts:7,625 Points:1,584,250 Joined:Dec 2008	Message Posted: May 14, 2012 1:10:00 AM Ignore alterman156 Report Abuse I don't mind lower gas prices.
grouch311 Champion Author Peoria Posts:6,386 Points:1,596,990 Joined:Jun 2007	Message Posted: May 14, 2012 1:06:59 AM Ignore grouch311 Report Abuse since when do politicians pay for their own gas, out of their pockets? just filled up yesterday
polytam Rookie Author California Posts:4 Points:28,530 Joined:Mar 2011	Message Posted: May 14, 2012 1:06:22 AM Ignore polytam Report Abuse Gas prices certainly aren't falling in California. I paid $4.39 a gallon for regular this morning. That's ridiculous - especially when a barrel of oil has fallen to $95. But then again, that's Cali's "tax and tax again" policy for ya.
pricechecker08 Champion Author Ohio Posts:8,016 Points:1,728,400 Joined:Jan 2008	Message Posted: May 14, 2012 1:05:10 AM Ignore pricechecker08 Report Abuse Holiday in 2 weeks Fill up now?
Ron77095 Champion Author Houston Posts:3,200 Points:630,375 Joined:Sep 2011	Message Posted: May 14, 2012 1:04:50 AM Ignore Ron77095 Report Abuse ok.
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,350 Joined:Mar 2006	Message Posted: May 14, 2012 1:01:27 AM Ignore Focus2 Report Abuse "The U.S. production of oil is at the highest level it's been probably since the 1960s," he says, "and that's going to give us lower gasoline prices, hopefully in the future." More Speculation! So its down to $3.79 here, but I was paying $3.13 before Iran said something that made them cash in on higher profits!
KhelbenArunson Champion Author Michigan Posts:4,581 Points:744,590 Joined:Apr 2008	Message Posted: May 14, 2012 12:57:27 AM Ignore KhelbenArunson Report Abuse It should be less than $2.00 a gallon.
probedude2 Champion Author Akron Posts:12,693 Points:2,407,905 Joined:Jun 2003	Message Posted: May 14, 2012 12:53:33 AM Ignore probedude2 Report Abuse They complain about high gas prices in the spring because the prices often rise in the spring
Matt G Champion Author Boston Posts:4,668 Points:2,799,765 Joined:Jun 2004	Message Posted: May 14, 2012 12:53:07 AM Ignore Matt G Report Abuse Good
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: May 14, 2012 12:53:04 AM Ignore mfeldstein Report Abuse Who knows where the price goes. It's a crazy, unstable world out there.
firasatali Champion Author Toronto Posts:3,230 Points:589,300 Joined:May 2011	Message Posted: May 14, 2012 12:52:58 AM Ignore firasatali Report Abuse ok
mikaye Champion Author Cleveland Posts:3,959 Points:890,185 Joined:Jun 2010	Message Posted: May 14, 2012 12:52:54 AM Ignore mikaye Report Abuse speculators love to agree to higher prices
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: May 14, 2012 12:49:03 AM Ignore TIGERPAW46 Report Abuse it's ridiculous when Energy & Food can be regulated by Speculators. Little difference from Blackmail when it's necessities of survival. Gamble all they want on luxuries but they shouldn't be allowed to manipulate, monopolise & commit collusion to Rob the people. The current drop in Gas or Oil prices just emphasies how much the Speculators control the price. That's a $.60/gal difference in some areas. Drop from around $4.00/gal to #3.40/gal. When supply & demand didn't change that much. [Edited by: TIGERPAW46 at 5/14/2012 12:53:12 AM EST]
Dsin44 Champion Author Abbotsford Posts:1,275 Points:276,195 Joined:Apr 2011	Message Posted: May 14, 2012 12:44:11 AM Ignore Dsin44 Report Abuse no price change here!!!!!
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: May 14, 2012 12:43:33 AM Ignore Blue_Cruzer Report Abuse It can fall a lot more,as far as I'm concerned.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,093,950 Joined:Mar 2004	Message Posted: May 14, 2012 12:42:54 AM Ignore miser709 Report Abuse "Maybe For A While" What a joke.
Double_Golden Champion Author San Francisco Posts:2,695 Points:632,110 Joined:Aug 2011	Message Posted: May 14, 2012 12:40:23 AM Ignore Double_Golden Report Abuse here in San Francisco the gas prices keep raised instead of dropping... that sucks... 25 cents than 2 weeks ago...
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: May 14, 2012 12:37:51 AM Ignore LanguageMan1 Report Abuse Only for a little while as they will move it up again.
MACCLENNY9 Champion Author Jacksonville Posts:2,757 Points:461,390 Joined:Jun 2008	Message Posted: May 14, 2012 12:36:52 AM Ignore MACCLENNY9 Report Abuse I think I need to sell my Avalanche.
Rt118E Champion Author Pennsylvania Posts:9,631 Points:1,395,970 Joined:Jun 2009	Message Posted: May 14, 2012 12:35:54 AM Ignore Rt118E Report Abuse Yep the Summer rise is just around the connor again
mikerroy Champion Author Albuquerque Posts:2,691 Points:747,175 Joined:May 2005	Message Posted: May 14, 2012 12:33:59 AM Ignore mikerroy Report Abuse Gas is still too high for what oil is selling for.
69Bonne Champion Author Gary Posts:1,256 Points:493,350 Joined:Sep 2005	Message Posted: May 14, 2012 12:33:27 AM Ignore 69Bonne Report Abuse Keep saying that so the speculators can stay out of this.
must87searcher Champion Author Maryland Posts:9,117 Points:1,807,175 Joined:Apr 2008	Message Posted: May 14, 2012 12:31:20 AM Ignore must87searcher Report Abuse The price of gas is still high, even though it is falling in a number of locations. It sure is no surprise that politicians want to use it for attention. The national election is coming and it is one subject too use!!!
rawdog1313 Champion Author Lexington Posts:3,439 Points:1,670,505 Joined:May 2008	Message Posted: May 14, 2012 12:29:53 AM Ignore rawdog1313 Report Abuse Regulate Oil Speculation and you will see a lower price for gas!!
esquared Champion Author Oklahoma City Posts:8,202 Points:1,996,835 Joined:Jan 2006	Message Posted: May 14, 2012 12:29:40 AM Ignore esquared Report Abuse I hope you didn't say that aloud within the hearing of the speculators!
Number43 Champion Author Lexington Posts:8,844 Points:1,664,895 Joined:Oct 2008	Message Posted: May 14, 2012 12:28:53 AM Ignore Number43 Report Abuse Maybe these huge loses to JPMorgan has slowed down their speculations and market manipulations. Is that why the price of crude is down a little.