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GasBuddy News Article

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Late week surge in energy may be buzz-kill

GasBuddy Blog -- If you didn't see the markets Friday, I'll tell you the news. Your 401(k) probably took a jump in value. A sizeable jump. But with the move higher, commodities also took a leap, including crude oil and gasoline spot (spot meaning the price paid by wholesalers on the spot) prices.

The biggest single day gain in three years by oil will probably show up at the pump in the next 48 hours in some Great Lakes states, mainly Michigan, Indiana, Ohio, and Kentucky. These states are at highest risk for a big jump. Also at a slightly lower risk of a big jump: areas of Illinois (my neighborhood station already rose 10c/gal), Wisconsin, Minnesota, St. Louis.

Some areas that feature sub-$3 gasoline may also be at risk (albeit lower risk...


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Submitted Jul 02, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Late week surge in energy may be buzz-kill Back to Topics
REPLIES (newest first) Post a Reply
stonecold5005
All-Star Author Waco

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Message Posted: Jul 12, 2012 7:12:48 AM

no
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 8, 2012 11:01:43 AM

no
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 7, 2012 7:02:53 AM

no
clpassenubye
Champion Author Los Angeles

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Message Posted: Jul 6, 2012 2:07:06 PM

no
99dakota
Champion Author Providence

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Message Posted: Jul 6, 2012 5:05:40 AM

It's already going up!
RapMassaG
Champion Author Cincinnati

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Message Posted: Jul 5, 2012 9:57:53 AM

Up as much as 60 cents here since Monday. Lowest priced stations were under $3 Monday morning. Now all are resetting to $3.599, after jumping to $3.399 Monday noon.
CapriceWagon
Champion Author Washington

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Message Posted: Jul 5, 2012 9:43:16 AM

It's gone up 3 cents in the last week, not life ending, but irritating
lightbulbman2008
Champion Author Worcester

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Message Posted: Jul 4, 2012 3:54:30 PM

wait...
txrojo2005
Champion Author Austin

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Message Posted: Jul 4, 2012 1:16:39 PM

The Federal Reserve must be printing money again, diluting the dollar.
Oil is traded in dollars; therefore, it takes more dollars to buy oil.
Bonanza
Champion Author Boston

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Message Posted: Jul 4, 2012 11:31:10 AM

The price is already too high
albert2008
Champion Author Winnipeg

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Message Posted: Jul 4, 2012 8:11:15 AM

not good
clpassenubye
Champion Author Los Angeles

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Message Posted: Jul 3, 2012 11:15:30 AM

stop the madness
figman
Champion Author Chicago

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Message Posted: Jul 3, 2012 9:20:43 AM

And yesterday morning Speedway led the charge with a $.25 increase in the Chicago southland area. So far other stations are holding steady in the 3.39 - 3.67 range.
Jeffro61
Champion Author Cleveland

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Message Posted: Jul 3, 2012 9:12:07 AM

Here goes the speculation again.
badbonita
Champion Author Syracuse

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Message Posted: Jul 3, 2012 8:37:26 AM

Wondering why they're just talking about a price increase in the Great Lakes area - the entire country will likely feel it. Just take a few more hours to get there.
stonecold5005
All-Star Author Waco

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Message Posted: Jul 3, 2012 8:24:14 AM

ok
PackerfanMN
Champion Author Twin Cities

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Message Posted: Jul 3, 2012 8:17:08 AM

It shouldn't go up because that is August futures prices. Greed by the oil companies will make it go up.
zeeflyers
All-Star Author Pittsburgh

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Message Posted: Jul 3, 2012 8:16:41 AM

basic
slayur
Champion Author Chicago

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Message Posted: Jul 3, 2012 8:14:20 AM

ok
91Explorer
Champion Author Dallas

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Message Posted: Jul 3, 2012 8:08:16 AM

so far just a blip on the radar screen
gbs1
Champion Author Minnesota

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Message Posted: Jul 3, 2012 8:05:48 AM

Still holding at $3.49 here
quasar502
Champion Author Lansing

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Message Posted: Jul 3, 2012 8:04:07 AM

Ridiculous buzz kill.
autohio
Champion Author Ohio

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Message Posted: Jul 3, 2012 8:02:54 AM

It's already starting
mysub
Champion Author Las Vegas

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Message Posted: Jul 3, 2012 8:01:45 AM

Replied to this yesterday.
Soglaos
Champion Author Virginia Beach

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Message Posted: Jul 3, 2012 8:00:58 AM

more crap
cookined
Champion Author Maine

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Message Posted: Jul 3, 2012 7:59:56 AM

more bull crap.
atdinut
Champion Author California

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Message Posted: Jul 3, 2012 7:59:23 AM

Read it yesterday.
JLSindy
Champion Author Cleveland

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Message Posted: Jul 3, 2012 7:59:07 AM

I agree with most of waht everyoone says.
cricket48750
Champion Author Michigan

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Message Posted: Jul 3, 2012 7:58:42 AM

Wholesale prices rose sharply last Friday in Michigan and they continue to trend upward.
Garston
Champion Author Maine

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Message Posted: Jul 3, 2012 7:58:28 AM

old news
MikLamb
Champion Author Texas

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Message Posted: Jul 3, 2012 7:57:42 AM

Wonderful...
mreiff
Champion Author Louisville

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Message Posted: Jul 3, 2012 7:57:37 AM

Jumped $0.25 here overnight!
Gearitis
Champion Author Waco

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Message Posted: Jul 3, 2012 7:57:09 AM

It will go up in the near future, they are posturing for it.
MarAzul
Champion Author London

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Message Posted: Jul 3, 2012 7:57:03 AM

ok.
teatiger
Champion Author Dallas

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Message Posted: Jul 3, 2012 7:56:45 AM

ok
WeasleyOC
Champion Author Orange County

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Message Posted: Jul 3, 2012 7:56:44 AM

As long as it keeps a downward trend I will be happy.
CptnCanada
Champion Author Saskatoon

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Message Posted: Jul 3, 2012 7:55:48 AM

When fuel goes down you know it will go back up fairly soon
arcaneradio
Champion Author Michigan

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Message Posted: Jul 3, 2012 7:55:32 AM

k
NotmeuQc
Champion Author Montreal

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Message Posted: Jul 3, 2012 7:54:17 AM

Our Markets were closed Monday for Canada Day, but our gas prices are still dropping.
HEBster
Champion Author Kentucky

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Message Posted: Jul 3, 2012 7:54:09 AM

Wish it'd break $3 in KY
rcohan2
Champion Author South Carolina

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Message Posted: Jul 3, 2012 7:53:13 AM

ok
tomok
Champion Author Portland

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Message Posted: Jul 3, 2012 7:53:00 AM

Get down to 'somewhat decent' fuel prices and off it goes again. Maybe, this is a temporary bump and things will continue the slow slide at the pump. Is 'coming out of the closet' Barry (aka – vampire/ghost hunter) in the background doing something about prices at the pump?
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!
kyrunner
Champion Author Lexington

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Message Posted: Jul 3, 2012 7:52:21 AM

Gas jumped from $3.06 to $3.27 yesterday afternoon in central KY. The newest rise in gas prices has started. Upward and "forward" (new obama election slogan) to new higher levels are on the way.
swepson
Champion Author Greensboro

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Message Posted: Jul 3, 2012 7:51:57 AM

But Manufacturing numbers on Monday send prices back down
CharlieC08
Champion Author Colorado

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Message Posted: Jul 3, 2012 7:51:28 AM

And what did it do Monday?
Hunter114
Champion Author Chicago

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Message Posted: Jul 3, 2012 7:51:20 AM

Just in time for 4th of July markups.
Mariuxus
Champion Author Chicago

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Message Posted: Jul 3, 2012 7:51:00 AM

OK...
GGAlbo
Champion Author Detroit

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Message Posted: Jul 3, 2012 7:50:18 AM

Gas price are still way to high compared to the price of oil!!!
RevDrCBJ
Veteran Author Ann Arbor

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Message Posted: Jul 3, 2012 7:50:07 AM

So much for long range travel. . .
jony
Champion Author Florida

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Message Posted: Jul 3, 2012 7:49:48 AM

typical of the GREEDY retailers
Ray_10589
Champion Author New York

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Message Posted: Jul 3, 2012 7:49:26 AM

any reason to raise price ...
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