Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:15 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
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
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

Posts:4,276
Points:1,437,620
Joined:Mar 2011
Message Posted: Jul 6, 2012 2:07:06 PM

no
99dakota
Champion Author Providence

Posts:11,447
Points:2,947,925
Joined:Oct 2006
Message Posted: Jul 6, 2012 5:05:40 AM

It's already going up!
RapMassaG
Champion Author Cincinnati

Posts:3,637
Points:1,658,370
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.
CapriceWagon
Champion Author Washington

Posts:1,488
Points:1,121,840
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
lightbulbman2008
Champion Author Worcester

Posts:451,800
Points:2,351,310
Joined:Oct 2008
Message Posted: Jul 4, 2012 3:54:30 PM

wait...
txrojo2005
Champion Author Austin

Posts:1,475
Points:1,112,905
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.
Bonanza
Champion Author Boston

Posts:15,937
Points:3,331,580
Joined:Jun 2004
Message Posted: Jul 4, 2012 11:31:10 AM

The price is already too high
albert2008
Champion Author Winnipeg

Posts:10,426
Points:2,226,320
Joined:Sep 2008
Message Posted: Jul 4, 2012 8:11:15 AM

not good
clpassenubye
Champion Author Los Angeles

Posts:4,276
Points:1,437,620
Joined:Mar 2011
Message Posted: Jul 3, 2012 11:15:30 AM

stop the madness
figman
Champion Author Chicago

Posts:16,525
Points:4,365,145
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.
Jeffro61
Champion Author Cleveland

Posts:5,099
Points:2,976,425
Joined:Oct 2005
Message Posted: Jul 3, 2012 9:12:07 AM

Here goes the speculation again.
badbonita
Champion Author Syracuse

Posts:9,516
Points:2,133,025
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.
stonecold5005
All-Star Author Waco

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

ok
PackerfanMN
Champion Author Twin Cities

Posts:3,051
Points:774,345
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.
zeeflyers
All-Star Author Pittsburgh

Posts:762
Points:366,635
Joined:Feb 2012
Message Posted: Jul 3, 2012 8:16:41 AM

basic
slayur
Champion Author Chicago

Posts:1,599
Points:1,837,165
Joined:Sep 2005
Message Posted: Jul 3, 2012 8:14:20 AM

ok
91Explorer
Champion Author Dallas

Posts:1,957
Points:1,861,625
Joined:Oct 2009
Message Posted: Jul 3, 2012 8:08:16 AM

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

Posts:5,251
Points:1,522,400
Joined:Mar 2011
Message Posted: Jul 3, 2012 8:05:48 AM

Still holding at $3.49 here
quasar502
Champion Author Lansing

Posts:6,624
Points:1,553,730
Joined:Jan 2011
Message Posted: Jul 3, 2012 8:04:07 AM

Ridiculous buzz kill.
autohio
Champion Author Ohio

Posts:5,261
Points:1,512,470
Joined:Jan 2011
Message Posted: Jul 3, 2012 8:02:54 AM

It's already starting
mysub
Champion Author Las Vegas

Posts:11,735
Points:3,090,750
Joined:Apr 2006
Message Posted: Jul 3, 2012 8:01:45 AM

Replied to this yesterday.
Soglaos
Champion Author Virginia Beach

Posts:4,242
Points:1,434,235
Joined:Feb 2011
Message Posted: Jul 3, 2012 8:00:58 AM

more crap
cookined
Champion Author Maine

Posts:6,063
Points:2,722,855
Joined:Oct 2005
Message Posted: Jul 3, 2012 7:59:56 AM

more bull crap.
atdinut
Champion Author California

Posts:1,617
Points:404,940
Joined:Apr 2012
Message Posted: Jul 3, 2012 7:59:23 AM

Read it yesterday.
JLSindy
Champion Author Cleveland

Posts:5,907
Points:1,412,705
Joined:Aug 2005
Message Posted: Jul 3, 2012 7:59:07 AM

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

Posts:1,469
Points:713,245
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.
Garston
Champion Author Maine

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

old news
MikLamb
Champion Author Texas

Posts:11,240
Points:2,953,220
Joined:Jun 2006
Message Posted: Jul 3, 2012 7:57:42 AM

Wonderful...
mreiff
Champion Author Louisville

Posts:8,416
Points:2,063,790
Joined:May 2009
Message Posted: Jul 3, 2012 7:57:37 AM

Jumped $0.25 here overnight!
Gearitis
Champion Author Waco

Posts:1,324
Points:1,407,380
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.
MarAzul
Champion Author London

Posts:6,681
Points:1,407,530
Joined:Feb 2011
Message Posted: Jul 3, 2012 7:57:03 AM

ok.
teatiger
Champion Author Dallas

Posts:5,931
Points:2,255,940
Joined:Nov 2008
Message Posted: Jul 3, 2012 7:56:45 AM

ok
WeasleyOC
Champion Author Orange County

Posts:6,272
Points:1,574,430
Joined:Jul 2008
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

Posts:9,711
Points:1,520,320
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
arcaneradio
Champion Author Michigan

Posts:3,012
Points:593,185
Joined:Dec 2010
Message Posted: Jul 3, 2012 7:55:32 AM

k
NotmeuQc
Champion Author Montreal

Posts:8,693
Points:1,902,850
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.
HEBster
Champion Author Kentucky

Posts:11,901
Points:3,133,440
Joined:May 2006
Message Posted: Jul 3, 2012 7:54:09 AM

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

Posts:5,081
Points:2,006,290
Joined:Oct 2008
Message Posted: Jul 3, 2012 7:53:13 AM

ok
tomok
Champion Author Portland

Posts:46,287
Points:3,126,535
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!
kyrunner
Champion Author Lexington

Posts:12,232
Points:2,478,395
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.
swepson
Champion Author Greensboro

Posts:9,141
Points:2,291,135
Joined:Jul 2008
Message Posted: Jul 3, 2012 7:51:57 AM

But Manufacturing numbers on Monday send prices back down
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?
Hunter114
Champion Author Chicago

Posts:17,010
Points:2,222,760
Joined:Apr 2009
Message Posted: Jul 3, 2012 7:51:20 AM

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

Posts:6,167
Points:2,615,195
Joined:May 2007
Message Posted: Jul 3, 2012 7:51:00 AM

OK...
GGAlbo
Champion Author Detroit

Posts:5,033
Points:2,635,580
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!!!
RevDrCBJ
Veteran Author Ann Arbor

Posts:441
Points:301,300
Joined:Jul 2011
Message Posted: Jul 3, 2012 7:50:07 AM

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

Posts:10,267
Points:2,243,790
Joined:May 2006
Message Posted: Jul 3, 2012 7:49:48 AM

typical of the GREEDY retailers
Ray_10589
Champion Author New York

Posts:8,004
Points:1,939,665
Joined:May 2009
Message Posted: Jul 3, 2012 7:49:26 AM

any reason to raise price ...
Post a reply Back to Topics