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GasBuddy News Article

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One less thing to worry about: Gasoline prices

MarketWatch -- The U.S. economy still faces lots of big challenges — a mountain of foreclosures, a fiscal cliff and the ever-present euro crisis — but one worry seems to be fading away: high gasoline prices.

A month ago, it looked like retail gasoline prices would soar above $4 a gallon and stay there all year, sucking precious dollars out of American consumers’ pockets, and hobbling the economic recovery. By early April, the average price of a gallon had risen to $3.94, jumping an incredible 50 cents in just two months’ time, according to the Energy Information Agency.

The media was full of stories about the pain at the pump and about what the price of gas might mean for the economy, and for the re-election chances of President Barack Obama. Democrats were on the defensive and Republicans could ...


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Submitted May 11, 2012 By: brbaritone
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: One less thing to worry about: Gasoline prices Back to Topics
REPLIES (newest first) Post a Reply
rickone
Champion Author Detroit

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Message Posted: May 11, 2012 7:11:36 PM

Interesting - Thanks for posting.
nztyraider
Champion Author Nevada

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Message Posted: May 11, 2012 7:08:11 PM

I call radishes.
EJH22
Champion Author Detroit

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Message Posted: May 11, 2012 7:03:31 PM

ok
Pramodsharma
Champion Author Richmond

Posts:5,229
Points:1,173,570
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Message Posted: May 11, 2012 7:00:54 PM

If America uses 100% EVs then gas will be $1/gallon and Iran will be standing next to homeless guy begging dimes. Days are not far
DanMtz
Champion Author Oakland

Posts:6,748
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Joined:Oct 2009
Message Posted: May 11, 2012 7:00:32 PM

Pain at the pump is now a regional story, apparently. Gas is skyrocketing around here.
30mpg80
Champion Author Lexington

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Message Posted: May 11, 2012 6:59:59 PM

opinion stuff
elk5654
Rookie Author Tampa

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Message Posted: May 11, 2012 6:59:57 PM

gas prices here in and around tampa have been going down since Easter and if the trend continues as it occurs every year for the past 5 years price drop daily and will tail off about a week before a holiday go up a few cents until that day and then drop back down afterwards and do the same drop act until the next holiday. So it's may 11 avg $ of gas here in tampa is 3.45. So I will be back on memorial day and let you know what the $ of gas is.
BeaconLite
Champion Author Ottawa

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Message Posted: May 11, 2012 6:57:29 PM

So is this another political / cyber approach to suck dollars from consumers?
Mr.Dirt
Champion Author Albany

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Message Posted: May 11, 2012 6:52:45 PM

still way to high
letterchunker
Champion Author Texas

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Message Posted: May 11, 2012 6:51:10 PM

Down to 3.49 here. Still too high!
gumbyrex
Champion Author Fresno

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Message Posted: May 11, 2012 6:50:37 PM

I believe the reason why we don't worry as much about gas prices is we have accepted the higher prices as the new norm.
AcuraTSX
Champion Author Ohio

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Message Posted: May 11, 2012 6:49:21 PM

Says who? Why should we believe him/her/them?
julius1st4
Champion Author Ontario

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Message Posted: May 11, 2012 6:48:18 PM

Don't bet the "Mortgage" on it. OIL/bbl has dropped ~$10/bbl in the last week, but, gas has dropped only 2c/li.
rxman1
Champion Author Toledo

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Message Posted: May 11, 2012 6:43:03 PM

Hey, tomorow gas prices could go up!
CheapDiesel
Champion Author Indianapolis

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Message Posted: May 11, 2012 6:41:24 PM

Gasoline prices are still around a dollar higher that what I would call a "reasonable" price. Sure we have rampant inflation, but with the European financial woes the USD has bounced back fairly well, despite the destructive policies of the POTUS.
stevencr
Champion Author Ohio

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Message Posted: May 11, 2012 6:37:05 PM

I wouldn't let out a sigh of relief yet.
milespergallon
Champion Author Illinois

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Message Posted: May 11, 2012 6:35:36 PM

Re-election chances are little to none and that truly is one less thing to worry about! I never did 'worry', I just cut back and wrote many many communications to anyone and everyone
swrestler
Champion Author Grand Rapids

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Message Posted: May 11, 2012 6:34:27 PM

I Agree With uksqueeze.....
BeaconLite
Champion Author Ottawa

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Message Posted: May 11, 2012 6:32:07 PM

Obama has no support at this moment...I know he has tried hard.
GRUMPY55
Champion Author California

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Message Posted: May 11, 2012 6:28:46 PM

ok
nascar8806
Champion Author Oklahoma City

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Message Posted: May 11, 2012 6:28:29 PM

K
heysailor
Champion Author Pittsburgh

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Message Posted: May 11, 2012 6:27:24 PM

FOXNews will no doubt attribute the drop to the House and Mitchell Romney.
Mr Tex
Champion Author Dallas

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Message Posted: May 11, 2012 6:24:44 PM

The media was full of something all right.
uksqueeze
Champion Author San Jose

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Message Posted: May 11, 2012 6:24:08 PM

It's ignorant to think that voting Republican will cause downward pressure on gas prices. Unless, of course, GOP policies are more likely to tank the economy. A crappy economy is a great recipe for lower gas prices. We saw it in 2008-2009!
RADIOCANADA499
Champion Author Ontario

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Message Posted: May 11, 2012 6:20:19 PM

ok right
BlueOnyx
All-Star Author Georgia

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Message Posted: May 11, 2012 6:19:29 PM

Down to 3.49 here. Still too high!
REKEY
Champion Author South Carolina

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Message Posted: May 11, 2012 6:14:50 PM

Fading? Idiots!!! How long will this last? A month, two? Then the sky's the limit!
lucky69
Champion Author Austin

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Message Posted: May 11, 2012 6:14:38 PM

It's good to see the prices coming down a bit, for now...
majorfall
Champion Author New York

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Message Posted: May 11, 2012 6:12:32 PM

still VERY overpriced
OU8121959
Champion Author Grand Rapids

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Message Posted: May 11, 2012 6:10:52 PM

cool
Ticobird
Champion Author Huntsville

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Message Posted: May 11, 2012 6:07:44 PM

Just because gas prices are going down is no good reason to celebrate. Most of us GasBuddy's know the up and down action very well. It is the why and how to make the price reflective of the reality of supply and demand that needs the spotlight of the news media turned fully upon it.
Double_Golden
Champion Author San Francisco

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Message Posted: May 11, 2012 6:07:05 PM

price just jump another 5 cents to $4.25 or more depend on which stations...
mickealo
Champion Author Spokane

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Message Posted: May 11, 2012 6:07:03 PM

well we have not seen it yet
5kvdave
All-Star Author Los Angeles

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Message Posted: May 11, 2012 6:06:05 PM

Still waiting for an excuse to raise the price of diesel in California.
carpenter4u
Champion Author Virginia

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Message Posted: May 11, 2012 6:05:40 PM

They allow it to go high so when it drops a little, you think, WOW, thsat was close. But you don't realize the price of gas is 1.00 highr than a year ago
HawaiianGuy
Champion Author Idaho

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Message Posted: May 11, 2012 6:02:04 PM

Prices at the pump are certainly NOT dropping here in Eastern Idaho!
smiles4
Rookie Author Alabama

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Message Posted: May 11, 2012 5:59:59 PM

ok
Romey08
Champion Author Virginia

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Message Posted: May 11, 2012 5:55:13 PM

Finally dropping at a good pace here in VA
JoeKR
Champion Author New Jersey

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Message Posted: May 11, 2012 5:54:36 PM

I hope we have all paid attention to which forecasters were spinning the panic yarn!
MadTraveler
Champion Author Idaho

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Message Posted: May 11, 2012 5:54:23 PM

Major changes in Washington, will at least make some relief in prices.
INSugar
Rookie Author Indiana

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Joined:Mar 2005
Message Posted: May 11, 2012 5:54:20 PM

Wow, it has 'dropped' all the way to $3.45 for 87 octane in my town. The poor gas speculators must be selling their private jets so they don't have to declare chapter 11.
BigBillMI
All-Star Author Detroit

Posts:711
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Message Posted: May 11, 2012 5:52:17 PM

ok
robaloma
Champion Author Houston

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Message Posted: May 11, 2012 5:51:53 PM

ok
gass12
Champion Author Omaha

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Message Posted: May 11, 2012 5:51:16 PM

It needs to drop a lot more.
gravityhurts
Champion Author North Carolina

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Message Posted: May 11, 2012 5:48:14 PM

Still too damn high!
kirzon484
Champion Author Atlanta

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Message Posted: May 11, 2012 5:46:30 PM

bigrigAZ correct, D@#$ politicians. the only thing that might change that is if they get into it in the middle east
SUPRA1987
All-Star Author Tampa

Posts:606
Points:517,135
Joined:May 2011
Message Posted: May 11, 2012 5:46:12 PM

it is down 47 cents from the high of $4.20 to $3.73 for Sunoco Premium in St Pettersburg, FL.
amearly
Champion Author Michigan

Posts:15,410
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Message Posted: May 11, 2012 5:45:58 PM

Once again these people want you to think that this is a bargin remember when we though 2.00 dollars was outrages?
slowtrain
Champion Author Georgia

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Message Posted: May 11, 2012 5:43:48 PM

Until they get back down to around $2.00 per gallon, then it's still something to worry about. The economy will never recover with gas prices so high.
k2kipp
Champion Author Minnesota

Posts:6,436
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Message Posted: May 11, 2012 5:42:01 PM

So... its down a dime from the high here in MN. BIG DEAL!!!!!!!!!!!!!!
wz
Champion Author Twin Cities

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Message Posted: May 11, 2012 5:41:17 PM

It just goes to show that the U.S. (and European) economic recovery is in the hands of our enemies (OPEC). They want us to continue limping along so they continue to get their inflow of American dollars and Euros, but not get back to a robust economy that will develop political prowess or alternative energy sources. - And they surely want one of their own to remain in the White House for another four years.
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