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National average likely to begin dropping in next few weeks

GasBuddy Blog -- It's been well documented that gasoline prices have taken a big climb late this summer. Well, there's reason to believe that the rise is nearing and end: summer is nearly over. After you wipe away the tears, and digest that statement, we have some good news. First of all, the areas most impacted by refining issues lately (Great Lakes and West Coast) may start to see prices falling if they haven't already. In fact, Chicago prices may have just peaked in the last 48 hours. California prices are very close to peaking as well.

More good news lies ahead: wholesale gasoline prices, the price gasoline stations pay, has shown sides of subsiding- so stations can start lowering their prices. Add in that summer is nearly over- demand will likely...

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Submitted Aug 17, 2012 By: PD

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dcone2 All-Star Author Los Angeles Posts:924 Points:85,610 Joined:Jul 2012	Message Posted: Sep 25, 2012 4:45:12 PM Ignore dcone2 Report Abuse ok
99dakota Champion Author Providence Posts:8,117 Points:2,173,675 Joined:Oct 2006	Message Posted: Sep 7, 2012 4:45:53 PM Ignore 99dakota Report Abuse As this article is dated 8/17/2012 it is "the next few weeks" now. I don't see prices dropping...
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Aug 27, 2012 4:23:28 PM Ignore clpassenubye Report Abuse sounds good
GasPriceHelp4u Champion Author Dayton Posts:2,692 Points:569,775 Joined:Jul 2008	Message Posted: Aug 27, 2012 4:11:15 AM Ignore GasPriceHelp4u Report Abuse I hope so!!!
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 27, 2012 2:51:53 AM Ignore honda0105 Report Abuse would be nice... not at my stations.
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Aug 26, 2012 11:11:31 AM Ignore albert2008 Report Abuse good stuff
Donatelo Champion Author Dayton Posts:1,124 Points:293,545 Joined:Apr 2011	Message Posted: Aug 26, 2012 8:32:20 AM Ignore Donatelo Report Abuse ok
pfone1847 Champion Author Illinois Posts:3,191 Points:624,555 Joined:Oct 2010	Message Posted: Aug 26, 2012 5:26:59 AM Ignore pfone1847 Report Abuse Sure it will
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 26, 2012 4:23:05 AM Ignore honda0105 Report Abuse prices still rising here.. one station just went up 20 cents in the past 5 days. Oh yea,.. wait, we have Isaac barrelling down on us.
jwalkerh Champion Author Louisiana Posts:6,135 Points:1,369,130 Joined:Oct 2008	Message Posted: Aug 25, 2012 2:11:12 PM Ignore jwalkerh Report Abuse I won't get my hopes up too high...
number4 Sophomore Author Tallahassee Posts:189 Points:40,425 Joined:Jun 2012	Message Posted: Aug 25, 2012 1:43:00 PM Ignore number4 Report Abuse ok
Donatelo Champion Author Dayton Posts:1,124 Points:293,545 Joined:Apr 2011	Message Posted: Aug 25, 2012 7:35:24 AM Ignore Donatelo Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Aug 25, 2012 6:00:52 AM Ignore albert2008 Report Abuse of course fall is almost here
pfone1847 Champion Author Illinois Posts:3,191 Points:624,555 Joined:Oct 2010	Message Posted: Aug 25, 2012 4:45:47 AM Ignore pfone1847 Report Abuse right
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 24, 2012 9:09:56 PM Ignore honda0105 Report Abuse ... and prices went up ...
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 24, 2012 9:08:49 PM Ignore honda0105 Report Abuse ... and then came Isaac ...
99dakota Champion Author Providence Posts:8,117 Points:2,173,675 Joined:Oct 2006	Message Posted: Aug 24, 2012 2:52:15 PM Ignore 99dakota Report Abuse Lets hope so...
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Aug 24, 2012 2:37:11 PM Ignore clpassenubye Report Abuse wishful thinking
pfone1847 Champion Author Illinois Posts:3,191 Points:624,555 Joined:Oct 2010	Message Posted: Aug 24, 2012 5:14:39 AM Ignore pfone1847 Report Abuse sure it will
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 24, 2012 3:00:35 AM Ignore honda0105 Report Abuse won't hold my breath for a drop.
qweenb72 Rookie Author Indiana Posts:15 Points:3,080 Joined:Aug 2012	Message Posted: Aug 24, 2012 2:53:35 AM Ignore qweenb72 Report Abuse Still holding out for the President to issue a plea for votes in the form of removing the federal tax, which I have heard is 0.48 a gallon. Won't sway me but I will appreciate the effort!
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Aug 23, 2012 4:42:09 PM Ignore clpassenubye Report Abuse HOPEFULLY
jtravis711 Sophomore Author Orange County Posts:174 Points:198,615 Joined:Feb 2011	Message Posted: Aug 23, 2012 2:33:10 PM Ignore jtravis711 Report Abuse As stated before...gasoline prices fall much slower than they rise. It isn't just the price of gasoline thats the issue, its where our fuel dollars are going!!! do we want more jobs here and energy independence or do we want to continue building golden palaces and foreign dependence.
2bzns Rookie Author Houston Posts:1 Points:245 Joined:Aug 2012	Message Posted: Aug 23, 2012 1:15:54 PM Ignore 2bzns Report Abuse Mandate all oil pulled out of the ground in this country stays in this country. When we reduce our consumption here they put it on tankers and ship it to China. That's how big oil fixes the problem of excess oil in this country.
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 23, 2012 2:48:29 AM Ignore honda0105 Report Abuse prices have risen b/c of specutraitors.
Vette1967 Champion Author Albany Posts:5,972 Points:1,276,975 Joined:Jun 2009	Message Posted: Aug 22, 2012 9:29:28 AM Ignore Vette1967 Report Abuse Yeah...well after Labor Day travel.
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Aug 22, 2012 6:51:45 AM Ignore albert2008 Report Abuse about time
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 22, 2012 2:56:36 AM Ignore honda0105 Report Abuse of course it will drop... Labor Day will be over and the driving is slowing down again.
edgarbrn Sophomore Author Charleston Posts:196 Points:882,160 Joined:Sep 2005	Message Posted: Aug 21, 2012 5:54:26 AM Ignore edgarbrn Report Abuse We'll see.
99dakota Champion Author Providence Posts:8,117 Points:2,173,675 Joined:Oct 2006	Message Posted: Aug 21, 2012 3:02:10 AM Ignore 99dakota Report Abuse Lets hope so.
pfone1847 Champion Author Illinois Posts:3,191 Points:624,555 Joined:Oct 2010	Message Posted: Aug 21, 2012 1:20:50 AM Ignore pfone1847 Report Abuse ok
Ticobird Champion Author Huntsville Posts:3,236 Points:1,116,990 Joined:Oct 2009	Message Posted: Aug 20, 2012 3:44:46 PM Ignore Ticobird Report Abuse I'll believe it when I see it.
tgreineke Rookie Author Twin Cities Posts:1 Points:1,423,020 Joined:Aug 2001	Message Posted: Aug 20, 2012 12:19:37 PM Ignore tgreineke Report Abuse I will believe it when I see it.
sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Aug 20, 2012 10:21:22 AM Ignore sparky808 Report Abuse Old post.
rocket_ron Champion Author Grand Rapids Posts:6,291 Points:1,987,470 Joined:Jul 2006	Message Posted: Aug 20, 2012 9:08:11 AM Ignore rocket_ron Report Abuse K
rocket_ron Champion Author Grand Rapids Posts:6,291 Points:1,987,470 Joined:Jul 2006	Message Posted: Aug 20, 2012 9:08:06 AM Ignore rocket_ron Report Abuse K
roadrunnin Champion Author Richmond Posts:1,755 Points:565,955 Joined:May 2008	Message Posted: Aug 20, 2012 8:59:30 AM Ignore roadrunnin Report Abuse the prices were already inflated before summer
puinsai808 Champion Author Honolulu Posts:3,549 Points:728,280 Joined:May 2011	Message Posted: Aug 20, 2012 8:13:48 AM Ignore puinsai808 Report Abuse old
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Aug 20, 2012 7:58:10 AM Ignore sydb7 Report Abuse Temporary price glitch?
Donatelo Champion Author Dayton Posts:1,124 Points:293,545 Joined:Apr 2011	Message Posted: Aug 20, 2012 7:51:01 AM Ignore Donatelo Report Abuse ok
tomok Champion Author Portland Posts:33,044 Points:2,346,485 Joined:Aug 2006	Message Posted: Aug 20, 2012 7:40:40 AM Ignore tomok Report Abuse Fuel prices are still going up and are Not 'Falling.' With the refinery fire in California and the repairs to be done, fuel prices will Not be 'Falling' anytime soon. Big Oil can raise or lower prices, Because they can! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
arcaneradio Champion Author Michigan Posts:2,527 Points:491,930 Joined:Dec 2010	Message Posted: Aug 20, 2012 7:21:21 AM Ignore arcaneradio Report Abuse Lies
Dennisjk Champion Author Detroit Posts:6,486 Points:1,926,200 Joined:Apr 2006	Message Posted: Aug 20, 2012 7:17:38 AM Ignore Dennisjk Report Abuse Temporary spike yesterday morning as Speedway stations jumped it over $4.07 but it went back to $3.89 later in the afternoon. It's still too high.
JXQW Champion Author Kansas City Posts:2,787 Points:684,925 Joined:Jul 2008	Message Posted: Aug 20, 2012 6:57:54 AM Ignore JXQW Report Abuse very good
RockCity Champion Author Denver Posts:7,916 Points:1,428,085 Joined:Mar 2009	Message Posted: Aug 20, 2012 6:57:09 AM Ignore RockCity Report Abuse It's really dropped along these parts, why it's almost free, perhaps.
Marson Champion Author Scranton Posts:8,952 Points:2,079,135 Joined:Oct 2006	Message Posted: Aug 20, 2012 6:43:37 AM Ignore Marson Report Abuse More old news.
Chinto12 Champion Author Illinois Posts:1,031 Points:410,610 Joined:Jan 2012	Message Posted: Aug 20, 2012 6:42:22 AM Ignore Chinto12 Report Abuse Gas and oil prices are just a shell game.
jiml1965 Champion Author Harrisburg Posts:3,040 Points:691,325 Joined:Jan 2011	Message Posted: Aug 20, 2012 6:42:03 AM Ignore jiml1965 Report Abuse glad to hear it
darraghON Sophomore Author Ontario Posts:174 Points:241,755 Joined:Sep 2011	Message Posted: Aug 20, 2012 6:41:26 AM Ignore darraghON Report Abuse so we've been paying higher prices just because its summer, crooks
peapaw Champion Author Ohio Posts:4,046 Points:689,745 Joined:Jun 2011	Message Posted: Aug 20, 2012 6:41:10 AM Ignore peapaw Report Abuse Don't hold your breath.