Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:35 AM

GasBuddy News Article

43
votes
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 ...


Read the Full Article

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
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,776
Points:2,001,220
Joined:Jul 2004
Message Posted: May 11, 2012 7:13:42 PM

it's called BS plain and simple -
our prices went UP 14 cents overnight !!
Profile Pic
rickone
Champion Author Detroit

Posts:1,291
Points:545,125
Joined:May 2004
Message Posted: May 11, 2012 7:11:36 PM

Interesting - Thanks for posting.
Profile Pic
nztyraider
Champion Author Nevada

Posts:3,412
Points:1,076,730
Joined:Apr 2009
Message Posted: May 11, 2012 7:08:11 PM

I call radishes.
Profile Pic
EJH22
Champion Author Detroit

Posts:2,486
Points:884,410
Joined:Aug 2011
Message Posted: May 11, 2012 7:03:31 PM

ok
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:4,022
Points:819,910
Joined:Feb 2012
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
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,488
Points:1,691,765
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.
Profile Pic
30mpg80
Champion Author Lexington

Posts:13,770
Points:1,935,830
Joined:Nov 2008
Message Posted: May 11, 2012 6:59:59 PM

opinion stuff
Profile Pic
elk5654
Rookie Author Tampa

Posts:66
Points:31,440
Joined:Apr 2012
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.
Profile Pic
BeaconLite
Champion Author Ottawa

Posts:4,424
Points:799,695
Joined:Sep 2009
Message Posted: May 11, 2012 6:57:29 PM

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

Posts:9,911
Points:2,788,605
Joined:Mar 2004
Message Posted: May 11, 2012 6:52:45 PM

still way to high
Profile Pic
letterchunker
Champion Author Texas

Posts:4,345
Points:1,092,100
Joined:Aug 2008
Message Posted: May 11, 2012 6:51:10 PM

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

Posts:5,407
Points:1,206,530
Joined:Mar 2011
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.
Profile Pic
AcuraTSX
Champion Author Ohio

Posts:6,495
Points:2,599,180
Joined:Dec 2005
Message Posted: May 11, 2012 6:49:21 PM

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

Posts:4,976
Points:1,319,865
Joined:Jul 2003
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.
Profile Pic
rxman1
Champion Author Toledo

Posts:11,818
Points:2,308,395
Joined:Nov 2007
Message Posted: May 11, 2012 6:43:03 PM

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

Posts:1,467
Points:245,255
Joined:Nov 2005
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.
Profile Pic
stevencr
Champion Author Ohio

Posts:7,808
Points:1,882,840
Joined:Mar 2009
Message Posted: May 11, 2012 6:37:05 PM

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

Posts:11,790
Points:2,346,700
Joined:Feb 2007
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
Profile Pic
swrestler
Champion Author Grand Rapids

Posts:8,255
Points:2,019,415
Joined:Oct 2008
Message Posted: May 11, 2012 6:34:27 PM

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

Posts:4,424
Points:799,695
Joined:Sep 2009
Message Posted: May 11, 2012 6:32:07 PM

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

Posts:2,971
Points:789,790
Joined:Oct 2011
Message Posted: May 11, 2012 6:28:46 PM

ok
Profile Pic
nascar8806
Champion Author Oklahoma City

Posts:4,442
Points:1,283,860
Joined:Aug 2010
Message Posted: May 11, 2012 6:28:29 PM

K
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:11,708
Points:2,779,330
Joined:Mar 2006
Message Posted: May 11, 2012 6:27:24 PM

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

Posts:1,188
Points:2,644,055
Joined:Jan 2004
Message Posted: May 11, 2012 6:24:44 PM

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

Posts:1,978
Points:1,113,335
Joined:May 2004
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!
Profile Pic
RADIOCANADA499
Champion Author Ontario

Posts:4,486
Points:1,224,985
Joined:Aug 2005
Message Posted: May 11, 2012 6:20:19 PM

ok right
Profile Pic
BlueOnyx
All-Star Author Georgia

Posts:759
Points:1,544,035
Joined:May 2008
Message Posted: May 11, 2012 6:19:29 PM

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

Posts:10,674
Points:2,142,000
Joined:May 2008
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!
Profile Pic
lucky69
Champion Author Austin

Posts:2,929
Points:1,842,350
Joined:May 2008
Message Posted: May 11, 2012 6:14:38 PM

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

Posts:17,776
Points:3,534,000
Joined:May 2004
Message Posted: May 11, 2012 6:12:32 PM

still VERY overpriced
Profile Pic
OU8121959
Champion Author Grand Rapids

Posts:4,155
Points:844,020
Joined:Apr 2011
Message Posted: May 11, 2012 6:10:52 PM

cool
Profile Pic
Ticobird
Champion Author Huntsville

Posts:4,858
Points:1,518,550
Joined:Oct 2009
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.
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:981,635
Joined:Aug 2011
Message Posted: May 11, 2012 6:07:05 PM

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

Posts:8,181
Points:2,568,490
Joined:Oct 2006
Message Posted: May 11, 2012 6:07:03 PM

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

Posts:688
Points:350,000
Joined:May 2011
Message Posted: May 11, 2012 6:06:05 PM

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

Posts:3,424
Points:1,003,340
Joined:Jul 2011
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
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:11,641
Points:3,517,275
Joined:May 2003
Message Posted: May 11, 2012 6:02:04 PM

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

Posts:99
Points:522,925
Joined:Oct 2011
Message Posted: May 11, 2012 5:59:59 PM

ok
Profile Pic
Romey08
Champion Author Virginia

Posts:6,464
Points:1,467,470
Joined:Apr 2008
Message Posted: May 11, 2012 5:55:13 PM

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

Posts:11,332
Points:1,976,320
Joined:Feb 2006
Message Posted: May 11, 2012 5:54:36 PM

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

Posts:2,082
Points:575,400
Joined:Nov 2009
Message Posted: May 11, 2012 5:54:23 PM

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

Posts:78
Points:334,570
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.
Profile Pic
BigBillMI
All-Star Author Detroit

Posts:616
Points:249,030
Joined:Feb 2012
Message Posted: May 11, 2012 5:52:17 PM

ok
Profile Pic
robaloma
Champion Author Houston

Posts:3,821
Points:1,093,955
Joined:Feb 2011
Message Posted: May 11, 2012 5:51:53 PM

ok
Profile Pic
gass12
Champion Author Omaha

Posts:10,422
Points:2,747,140
Joined:Oct 2005
Message Posted: May 11, 2012 5:51:16 PM

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

Posts:5,617
Points:1,352,135
Joined:Sep 2008
Message Posted: May 11, 2012 5:48:14 PM

Still too damn high!
Profile Pic
kirzon484
Champion Author Atlanta

Posts:3,926
Points:871,670
Joined:Jun 2011
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
Profile Pic
SUPRA1987
Veteran Author Tampa

Posts:424
Points:389,340
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.
Profile Pic
amearly
Champion Author Michigan

Posts:14,198
Points:2,909,135
Joined:Jan 2006
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?
Profile Pic
slowtrain
Champion Author Georgia

Posts:5,717
Points:1,391,940
Joined:Aug 2008
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.
Profile Pic
k2kipp
Champion Author Minnesota

Posts:5,191
Points:1,535,735
Joined:Sep 2005
Message Posted: May 11, 2012 5:42:01 PM

So... its down a dime from the high here in MN. BIG DEAL!!!!!!!!!!!!!!
Post a reply Back to Topics