Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:50 PM

GasBuddy News Article

46
votes
TS Isaac a reason behind small bump in gas prices

GasBuddy Blog --
T.S. Issac is just a tropical storm, but it is already drawing eyes to it, and concern, as wholesale gasoline prices ceased two days of steep decline and promptly spiked after the path that showed U.S. landfall was released.

On August 16 and 17, wholesale gasoline prices, the prices that stations pay, dropped 4-9c/gal, depending on what region of the country. This led to a leveling off in the national average over last weekend. Then Monday, a new storm was developing in the tropics, which spawned a tropical disturbance- Isaac. Markets initially showed little concern, but after the storm was upgraded to a tropical depression, and then storm, markets started to shift their focus to the developing storm.

Between this...


Read the Full Article

Submitted Aug 24, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: TS Isaac a reason behind small bump in gas prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
pricewar
Champion Author Ogden

Posts:4,633
Points:888,055
Joined:Jul 2012
Message Posted: Sep 25, 2012 11:12:41 PM

IT just a bump in the road
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Sep 3, 2012 8:09:07 AM

ok
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Sep 3, 2012 7:15:50 AM

indyjim: indeed. No need for a reason.
Profile Pic
indyjim
Champion Author Indianapolis

Posts:13,753
Points:2,932,755
Joined:Jul 2006
Message Posted: Sep 2, 2012 1:47:53 PM

Stations need no reason to raise prices........it's inevitable.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Sep 2, 2012 12:28:36 PM

of course
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Sep 2, 2012 6:41:04 AM

funny, now that Isaac has left and Kirk and Leslie are out at sea heading to Europe, gas is dropping about 10 cents (went up 30-40 at several stations here).
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Sep 2, 2012 12:45:52 AM

ok
Profile Pic
albiek1976
Champion Author Ohio

Posts:1,587
Points:1,110,275
Joined:Sep 2001
Message Posted: Sep 1, 2012 8:47:27 PM

The gas prices here in Ohio are within 5-7 cents of the before Isaac landfall
Profile Pic
LuckyD43
Champion Author Long Island

Posts:42,150
Points:2,762,305
Joined:Apr 2005
Message Posted: Sep 1, 2012 10:08:13 AM

Actually, GREED is the REAL reason behind the gas bump. Isaac was just a convenient excuse. Oh BTW, it was NOT a small bump. I do not consider a .35ยข increase a small bump.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Sep 1, 2012 9:54:50 AM

ok
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Sep 1, 2012 8:24:13 AM

not nice
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Sep 1, 2012 7:28:58 AM

of course, it's also Labor Day weekend, the end of summer driving season, so the price should drop (by the way it has been in the past...)
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Sep 1, 2012 7:23:31 AM

clearly gouging since prices are now slowly dropping - at least gasoline. Diesel still too high.
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,445
Points:1,527,750
Joined:Oct 2008
Message Posted: Aug 31, 2012 8:51:38 AM

40 cents is NOT a small bump, and it may not be done yet.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Aug 31, 2012 8:45:50 AM

at least it didnt last
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Aug 30, 2012 5:02:24 AM

albert: I agree. Nothing but greed. And gouging is part of the greed...
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Aug 29, 2012 8:35:02 AM

plain old greed
Profile Pic
SolarReplaceGas
Champion Author Cincinnati

Posts:1,070
Points:222,695
Joined:Aug 2012
Message Posted: Aug 29, 2012 6:58:17 AM

Pure, unadulterated greed!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Aug 29, 2012 5:07:21 AM

I don't think 20 - 30 cents is a SMALL bump.. that's closing in on 10% in a few days. I call that gouging.
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,445
Points:1,527,750
Joined:Oct 2008
Message Posted: Aug 28, 2012 10:19:04 AM

Small? We just jumped 40 cents, with more to come Thursday.
Profile Pic
LuckyD43
Champion Author Long Island

Posts:42,150
Points:2,762,305
Joined:Apr 2005
Message Posted: Aug 28, 2012 10:16:10 AM

Really??? WOW, who would've thunk it.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Aug 28, 2012 8:16:34 AM

i say plain old greed behind it
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Aug 28, 2012 5:01:21 AM

geeez.. never would have thought that...
Profile Pic
retired23
Sophomore Author Oakland

Posts:237
Points:172,255
Joined:Mar 2012
Message Posted: Aug 27, 2012 7:54:37 PM

Speculators on Wall Street cause these spikes......
Profile Pic
pilotmass
Champion Author Boston

Posts:4,676
Points:1,113,865
Joined:Jul 2011
Message Posted: Aug 27, 2012 6:02:01 PM

More profit for the Oil companies. And their lobbyists.
Profile Pic
GOBUTLER
Champion Author Indianapolis

Posts:1,560
Points:858,885
Joined:Dec 2011
Message Posted: Aug 27, 2012 2:03:22 PM

Any reason to jack up prices!!
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,409
Points:1,189,575
Joined:Sep 2011
Message Posted: Aug 27, 2012 12:30:31 PM

old post.

[Edited by: sparky808 at 8/27/2012 1:30:53 PM EST]
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:12,147
Points:3,681,240
Joined:May 2003
Message Posted: Aug 27, 2012 10:41:28 AM

A small bump. Soon to be a BIG BUMP.
Profile Pic
WBBNC
Veteran Author North Carolina

Posts:499
Points:488,640
Joined:Jan 2011
Message Posted: Aug 27, 2012 10:35:39 AM

Thay don't need a reason (they will make one) to raise gas prices
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,851
Points:2,069,645
Joined:Sep 2008
Message Posted: Aug 27, 2012 10:02:24 AM

not nice
Profile Pic
91Explorer
Champion Author Dallas

Posts:1,451
Points:1,700,155
Joined:Oct 2009
Message Posted: Aug 27, 2012 9:43:23 AM

small bump?
Profile Pic
TheRavenHeart
Veteran Author Chattanooga

Posts:359
Points:43,545
Joined:Apr 2012
Message Posted: Aug 27, 2012 9:34:41 AM

"...as wholesale gasoline prices ceased two days of steep decline..."

Where was this steep decline? Not at the pump, that is for sure...
Profile Pic
DougtheEconMan
Champion Author Akron

Posts:2,115
Points:357,000
Joined:Feb 2008
Message Posted: Aug 27, 2012 8:44:45 AM

KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full!

*Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected

Profile Pic
Nickel2005
Champion Author Ontario

Posts:1,420
Points:1,553,655
Joined:Aug 2008
Message Posted: Aug 27, 2012 8:20:28 AM

The usual
Profile Pic
Spetsnaz
Champion Author Dayton

Posts:1,912
Points:637,565
Joined:May 2006
Message Posted: Aug 27, 2012 8:04:24 AM

Amazing how they profit on others suffering. Something is morally wrong with that!
Profile Pic
mh44s
Champion Author Madison

Posts:7,018
Points:2,302,740
Joined:May 2006
Message Posted: Aug 27, 2012 7:52:16 AM

Weekend repeat.
Profile Pic
atomicwings
Rookie Author Akron

Posts:8
Points:644,885
Joined:Jan 2012
Message Posted: Aug 27, 2012 7:50:14 AM

Don't you love how any excuse is used to immediately and sharply raise prices for something that may happen in the future? But it takes several days to weeks for prices to slowly trickle down...

The oil and gasoline industry is an effective monopoly and should be broken up...
Profile Pic
jony
Champion Author Florida

Posts:9,754
Points:2,138,475
Joined:May 2006
Message Posted: Aug 27, 2012 7:49:39 AM

fridays news
Profile Pic
12766
Champion Author New York

Posts:5,001
Points:2,071,240
Joined:Oct 2008
Message Posted: Aug 27, 2012 7:49:25 AM

OK
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,454
Points:3,177,280
Joined:Jun 2005
Message Posted: Aug 27, 2012 7:47:18 AM



TRUE -- BUT VERY OLD NEWS

Profile Pic
firedudette
Champion Author St. Louis

Posts:14,290
Points:2,685,840
Joined:Jul 2005
Message Posted: Aug 27, 2012 7:46:39 AM

ok
Profile Pic
autohio
Champion Author Ohio

Posts:5,261
Points:1,368,295
Joined:Jan 2011
Message Posted: Aug 27, 2012 7:46:15 AM

Yep. Happens every time
Profile Pic
Jamer
Champion Author Las Vegas

Posts:9,479
Points:1,772,910
Joined:Jul 2002
Message Posted: Aug 27, 2012 7:46:13 AM

The speculators are having a field day with this one.
Profile Pic
taxiken
Champion Author Twin Cities

Posts:8,580
Points:2,158,850
Joined:Feb 2003
Message Posted: Aug 27, 2012 7:44:52 AM

Old news.
Profile Pic
nerde
Champion Author Florida

Posts:7,078
Points:1,500,000
Joined:Jul 2009
Message Posted: Aug 27, 2012 7:44:34 AM

whatever
Profile Pic
40mpgsaturn
Champion Author Wisconsin

Posts:4,227
Points:1,006,760
Joined:Jun 2011
Message Posted: Aug 27, 2012 7:43:33 AM

They always have an excuse!
Profile Pic
GPD1739P
Champion Author Illinois

Posts:2,726
Points:1,221,650
Joined:Feb 2011
Message Posted: Aug 27, 2012 7:42:31 AM

Any excuse to raise prices (valid or not) always works for speculators.
Profile Pic
FlyNFool
Champion Author South Carolina

Posts:10,788
Points:2,293,520
Joined:Aug 2008
Message Posted: Aug 27, 2012 7:41:58 AM

old news
Profile Pic
DJRIO
Champion Author Miami

Posts:10,923
Points:2,038,810
Joined:Jan 2008
Message Posted: Aug 27, 2012 7:41:14 AM

old news
Profile Pic
rcohan2
Champion Author South Carolina

Posts:4,475
Points:1,842,265
Joined:Oct 2008
Message Posted: Aug 27, 2012 7:40:58 AM

Wonder twins powers activate...Form of a hurricane...Shape of an oil refinery...
Post a reply Back to Topics