Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:26 AM

GasBuddy News Article

49
votes
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...


Read the Full Article

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
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 12, 2012 7:12:48 AM

no
Profile Pic
stonecold5005
All-Star Author Waco

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

no
Profile Pic
stonecold5005
All-Star Author Waco

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

no
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,407
Points:1,149,395
Joined:Mar 2011
Message Posted: Jul 6, 2012 2:07:06 PM

no
Profile Pic
99dakota
Champion Author Providence

Posts:10,467
Points:2,659,535
Joined:Oct 2006
Message Posted: Jul 6, 2012 5:05:40 AM

It's already going up!
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,300
Points:1,421,230
Joined:Oct 2008
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.
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,430
Points:883,440
Joined:Feb 2008
Message Posted: Jul 5, 2012 9:43:16 AM

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

Posts:439,150
Points:2,061,085
Joined:Oct 2008
Message Posted: Jul 4, 2012 3:54:30 PM

wait...
Profile Pic
txrojo2005
Champion Author Austin

Posts:1,266
Points:865,995
Joined:May 2011
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.
Profile Pic
Bonanza
Champion Author Boston

Posts:14,797
Points:3,041,355
Joined:Jun 2004
Message Posted: Jul 4, 2012 11:31:10 AM

The price is already too high
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,499
Points:1,945,895
Joined:Sep 2008
Message Posted: Jul 4, 2012 8:11:15 AM

not good
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,407
Points:1,149,395
Joined:Mar 2011
Message Posted: Jul 3, 2012 11:15:30 AM

stop the madness
Profile Pic
figman
Champion Author Chicago

Posts:15,760
Points:4,115,345
Joined:Sep 2001
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.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,170
Points:2,701,890
Joined:Oct 2005
Message Posted: Jul 3, 2012 9:12:07 AM

Here goes the speculation again.
Profile Pic
badbonita
Champion Author Syracuse

Posts:8,532
Points:1,841,675
Joined:Jul 2008
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.
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 3, 2012 8:24:14 AM

ok
Profile Pic
PackerfanMN
Champion Author Twin Cities

Posts:2,423
Points:590,755
Joined:Nov 2011
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.
Profile Pic
zeeflyers
All-Star Author Pittsburgh

Posts:761
Points:281,540
Joined:Feb 2012
Message Posted: Jul 3, 2012 8:16:41 AM

basic
Profile Pic
slayur
Champion Author Chicago

Posts:1,540
Points:1,590,660
Joined:Sep 2005
Message Posted: Jul 3, 2012 8:14:20 AM

ok
Profile Pic
91Explorer
Champion Author Dallas

Posts:1,146
Points:1,578,705
Joined:Oct 2009
Message Posted: Jul 3, 2012 8:08:16 AM

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

Posts:4,286
Points:1,232,175
Joined:Mar 2011
Message Posted: Jul 3, 2012 8:05:48 AM

Still holding at $3.49 here
Profile Pic
quasar502
Champion Author Lansing

Posts:5,716
Points:1,267,880
Joined:Jan 2011
Message Posted: Jul 3, 2012 8:04:07 AM

Ridiculous buzz kill.
Profile Pic
autohio
Champion Author Ohio

Posts:5,261
Points:1,260,620
Joined:Jan 2011
Message Posted: Jul 3, 2012 8:02:54 AM

It's already starting
Profile Pic
mysub
Champion Author Las Vegas

Posts:11,149
Points:2,816,955
Joined:Apr 2006
Message Posted: Jul 3, 2012 8:01:45 AM

Replied to this yesterday.
Profile Pic
Soglaos
Champion Author Virginia Beach

Posts:4,182
Points:1,186,530
Joined:Feb 2011
Message Posted: Jul 3, 2012 8:00:58 AM

more crap
Profile Pic
cookined
Champion Author Maine

Posts:5,290
Points:2,504,355
Joined:Oct 2005
Message Posted: Jul 3, 2012 7:59:56 AM

more bull crap.
Profile Pic
atdinut
Champion Author California

Posts:1,617
Points:365,240
Joined:Apr 2012
Message Posted: Jul 3, 2012 7:59:23 AM

Read it yesterday.
Profile Pic
JLSindy
Champion Author Cleveland

Posts:5,290
Points:1,138,750
Joined:Aug 2005
Message Posted: Jul 3, 2012 7:59:07 AM

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

Posts:1,068
Points:583,155
Joined:May 2011
Message Posted: Jul 3, 2012 7:58:42 AM

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

Posts:2,421
Points:473,765
Joined:Jul 2011
Message Posted: Jul 3, 2012 7:58:28 AM

old news
Profile Pic
MikLamb
Champion Author Texas

Posts:10,260
Points:2,662,995
Joined:Jun 2006
Message Posted: Jul 3, 2012 7:57:42 AM

Wonderful...
Profile Pic
mreiff
Champion Author Louisville

Posts:7,512
Points:1,775,425
Joined:May 2009
Message Posted: Jul 3, 2012 7:57:37 AM

Jumped $0.25 here overnight!
Profile Pic
Gearitis
Champion Author Waco

Posts:1,320
Points:1,156,025
Joined:Sep 2005
Message Posted: Jul 3, 2012 7:57:09 AM

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

Posts:5,719
Points:1,119,935
Joined:Feb 2011
Message Posted: Jul 3, 2012 7:57:03 AM

ok.
Profile Pic
teatiger
Champion Author Dallas

Posts:4,960
Points:1,964,490
Joined:Nov 2008
Message Posted: Jul 3, 2012 7:56:45 AM

ok
Profile Pic
WeasleyOC
Champion Author Orange County

Posts:5,362
Points:1,287,985
Joined:Jul 2008
Message Posted: Jul 3, 2012 7:56:44 AM

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

Posts:8,765
Points:1,233,320
Joined:Jun 2008
Message Posted: Jul 3, 2012 7:55:48 AM

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

Posts:2,999
Points:586,750
Joined:Dec 2010
Message Posted: Jul 3, 2012 7:55:32 AM

k
Profile Pic
NotmeuQc
Champion Author Montreal

Posts:7,737
Points:1,613,950
Joined:Apr 2009
Message Posted: Jul 3, 2012 7:54:17 AM

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

Posts:10,985
Points:2,851,240
Joined:May 2006
Message Posted: Jul 3, 2012 7:54:09 AM

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

Posts:4,139
Points:1,724,085
Joined:Oct 2008
Message Posted: Jul 3, 2012 7:53:13 AM

ok
Profile Pic
tomok
Champion Author Portland

Posts:42,509
Points:2,836,310
Joined:Aug 2006
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!
Profile Pic
kyrunner
Champion Author Lexington

Posts:11,268
Points:2,188,210
Joined:Aug 2008
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.
Profile Pic
swepson
Champion Author Greensboro

Posts:7,806
Points:2,005,885
Joined:Jul 2008
Message Posted: Jul 3, 2012 7:51:57 AM

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

Posts:8,106
Points:1,493,805
Joined:Oct 2008
Message Posted: Jul 3, 2012 7:51:28 AM

And what did it do Monday?
Profile Pic
Hunter114
Champion Author Chicago

Posts:14,686
Points:1,932,985
Joined:Apr 2009
Message Posted: Jul 3, 2012 7:51:20 AM

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

Posts:5,719
Points:2,348,485
Joined:May 2007
Message Posted: Jul 3, 2012 7:51:00 AM

OK...
Profile Pic
GGAlbo
Champion Author Detroit

Posts:4,081
Points:2,345,710
Joined:Sep 2006
Message Posted: Jul 3, 2012 7:50:18 AM

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

Posts:440
Points:295,030
Joined:Jul 2011
Message Posted: Jul 3, 2012 7:50:07 AM

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

Posts:9,444
Points:2,040,945
Joined:May 2006
Message Posted: Jul 3, 2012 7:49:48 AM

typical of the GREEDY retailers
Post a reply Back to Topics