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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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REPLIES (newest first) Post a Reply
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txrojo2005
Champion Author Austin

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Message Posted: Jul 24, 2013 9:41:39 AM

Old news. Message Posted: Oct 1, 2012.
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Vette1967
Champion Author Albany

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Message Posted: Jul 23, 2013 11:48:21 PM

Did we miss something?
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Bearcat500
Champion Author Cincinnati

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Message Posted: Jul 23, 2013 6:46:37 AM

I was so much younger when this article was written.
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KAR120CSII
Champion Author Oregon

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Message Posted: Jul 22, 2013 12:06:23 AM

Come now -- industry can regulate itself --
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Wanda127
Champion Author Florida

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Message Posted: Jul 21, 2013 9:55:35 PM

Our prices have not declined. They've only gone up over the last couple of weeks.
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timewalker
Sophomore Author Indiana

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Message Posted: Jul 20, 2013 5:14:16 PM

Price warning in 36 hours did not come to pass.
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timewalker
Sophomore Author Indiana

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Message Posted: Jul 18, 2013 4:34:32 PM

Change that to "Will be"...
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99dakota
Champion Author Providence

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Message Posted: Jul 18, 2013 11:38:42 AM

what decline?
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rosa403
Champion Author Indiana

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Message Posted: Jul 15, 2013 11:36:22 AM

oh yes
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jcVA
Champion Author Virginia Beach

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Message Posted: Jul 5, 2013 11:57:46 AM

OH DUHHHHHHHHHHHHHHHHHHHHHHHHHHHi didn't know that
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Pete12
Champion Author Albany

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Message Posted: Jul 4, 2013 7:43:24 PM

Why are you people posting to an article that was posted 9 months ago? Doesn't anybody look at the original post date?
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WanderDan
All-Star Author Dayton

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Message Posted: Jul 3, 2013 3:12:41 PM

really... hard to believe lol
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paulweb
Champion Author Ohio

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Message Posted: Jul 3, 2013 8:44:27 AM

Nothing like getting some extra 'mileage' out of an article posted in October of last year.
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jcVA
Champion Author Virginia Beach

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Message Posted: Jul 3, 2013 8:39:12 AM

now that's real news...
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MiataPrincess
Champion Author Des Moines

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Message Posted: Jul 3, 2013 7:03:56 AM

wow what a surprise
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user98432
Champion Author Los Angeles

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Message Posted: Jul 1, 2013 10:40:17 AM

Today in California, prices are going up 3.5 cents per gallon. California drivers were already paying 36 cents a gallon in state taxes, but the hike means drivers will pay 39.5 cents. Including the other local, state and federal taxes, California drivers will be paying 72 cents in taxes on each gallon alone, making for the highest prices in the nation.

My problem with this is, the statistics area of GB shows the price going down today. 'Splain Lucy!
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Clayton2000
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Message Posted: Jul 1, 2013 6:02:50 AM

Ok
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99dakota
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Message Posted: Jul 1, 2013 5:03:44 AM

Old story, but still makes sense.
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kiatoindos
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Message Posted: Jun 24, 2013 9:11:47 AM

Yea been around for awhile
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KAR120CSII
Champion Author Oregon

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Message Posted: Jun 23, 2013 10:42:53 PM

Hey folks -- take a look at the date on this --
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WanderDan
All-Star Author Dayton

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Message Posted: Jun 23, 2013 8:16:32 PM

really? that is a shock lol
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txrojo2005
Champion Author Austin

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Message Posted: Jun 23, 2013 1:22:12 PM

What prioce decline?
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WanderDan
All-Star Author Dayton

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Message Posted: Jun 22, 2013 10:34:28 PM

oh really.....
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priver
All-Star Author Alberta

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Message Posted: Jun 21, 2013 7:36:13 AM

still news..
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garynga
All-Star Author Atlanta

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Message Posted: Jun 20, 2013 7:46:44 AM

no surprise here.... there will never be any help from the current administration.... NEVER
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txrojo2005
Champion Author Austin

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Message Posted: Jun 18, 2013 12:31:22 PM

Up 8 cents in central Texas today.
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KAR120CSII
Champion Author Oregon

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Message Posted: Jun 18, 2013 12:29:05 AM

Hey folks -- take a look at the date on this --

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JAPirate
Veteran Author San Antonio

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Message Posted: Jun 17, 2013 9:42:52 PM

sure hope not.
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rosa403
Champion Author Indiana

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Message Posted: Jun 17, 2013 5:26:40 PM

i don't think we will ever get to 2 bucks
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kiatoindos
Champion Author Chicago

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Message Posted: Jun 15, 2013 5:20:19 AM

Lightning strike at citgo $4.99 Chicago north side.
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mdcsgt
Champion Author South Carolina

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Message Posted: Jun 14, 2013 10:24:35 AM

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!!!!!!?????
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xbAG
Champion Author California

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Message Posted: Jun 13, 2013 12:42:49 AM

they r starting to rise again. Bummer!
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KAR120CSII
Champion Author Oregon

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Message Posted: Jun 10, 2013 12:31:18 AM

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.
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GrahamPrix
Rookie Author Virginia

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Message Posted: Jun 7, 2013 2:13:26 PM

Supply and demand win and Exxon remains well off.
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bluechip77
Rookie Author New York

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Message Posted: Jun 7, 2013 1:38:36 PM

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!
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shstew
Champion Author British Columbia

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Message Posted: Jun 7, 2013 12:38:36 PM

Not surprising
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MiataPrincess
Champion Author Des Moines

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Message Posted: May 29, 2013 6:12:50 AM

go figure...8-(
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: May 27, 2013 2:50:10 PM

I agree.
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Donatelo
Champion Author Dayton

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Message Posted: May 26, 2013 8:02:35 AM

no one knows where prices end up, too many variables.
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KAR120CSII
Champion Author Oregon

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Message Posted: May 24, 2013 12:50:12 AM

Sure was.
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xbAG
Champion Author California

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Message Posted: May 23, 2013 6:40:07 PM

Bummer!!
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RedDust555
Rookie Author Billings

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Message Posted: May 23, 2013 4:29:24 PM

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.
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Donatelo
Champion Author Dayton

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Message Posted: May 23, 2013 8:22:07 AM

up and staying up in ohio.
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smugutu1234
Champion Author Tallahassee

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Message Posted: May 23, 2013 8:01:20 AM

That is always the case.
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heydano67
Champion Author California

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Message Posted: May 21, 2013 1:10:46 AM

seems pretty steady level the past few weeks
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KAR120CSII
Champion Author Oregon

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Message Posted: May 18, 2013 3:58:39 PM

Yep -- what decline, where and when --
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Gas4Gore
Champion Author Detroit

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Message Posted: May 18, 2013 10:02:46 AM

Well, that has already happened.
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BDNNOD
Sophomore Author Seattle

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Message Posted: May 17, 2013 10:38:43 PM

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 !!!
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rickfro
All-Star Author San Diego

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Message Posted: May 17, 2013 7:34:18 PM

That's because prices are based on what the oil companies want to charge and get away with charging.
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BIGREDNM
Champion Author Albuquerque

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Message Posted: May 17, 2013 3:04:13 PM

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.
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