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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
elk5654
Rookie Author Tampa

Posts:66
Points:35,340
Joined:Apr 2012
Message Posted: Jun 6, 2012 3:46:22 PM

still going down I estimate that they will bottom out in the next two weeks hope i am wrong and they keep dropping big time
RapMassaG
Champion Author Cincinnati

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Points:1,655,305
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Message Posted: Jun 5, 2012 2:51:48 PM

Funny, Greedway states are spiking (again) today.
Why? Because they can.
elk5654
Rookie Author Tampa

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Points:35,340
Joined:Apr 2012
Message Posted: Jun 5, 2012 2:42:55 PM

Prices keep dropping
elk5654
Rookie Author Tampa

Posts:66
Points:35,340
Joined:Apr 2012
Message Posted: May 25, 2012 7:54:47 PM

3.39 avg in Tampa on this date
chillyman3
Champion Author Illinois

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Message Posted: May 13, 2012 10:45:12 PM

Gas should not cost more half minimum wage
fuel2use
Champion Author Seattle

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Message Posted: May 12, 2012 10:14:42 AM

Yesterday a local station price went up 18 cents. Nothing to worry about, not here.
DanMtz
Champion Author Oakland

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Message Posted: May 12, 2012 9:47:11 AM

Gas prices are going through the roof around here.
ClarkSC
Champion Author South Carolina

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Message Posted: May 12, 2012 6:42:10 AM

There not down to a manageable level. Continue to worry.
Aviator_Rob
Champion Author New York

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Message Posted: May 11, 2012 11:42:44 PM

As much as I love a good conspiracy story, Dodge_Me, I'm afraid there isn't one here. The common denominator between four years ago and today is that economies were in decline. Four years ago, it was the global economy; today it's just the European economy. That's why you won't see gas prices fall as fast as it did back in Fall 2008.
Aviator_Rob
Champion Author New York

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Message Posted: May 11, 2012 11:37:01 PM

Just to clarify for aggietim and coke_kid, the reason why gas prices were so low in the beginning of 2009 was because the global economy had fallen off of a cliff. The entire world was producing less, buying less, driving less, and spending less. No matter how much people try to game the system, the oil market is still essentially driven by supply and demand.

In the past three years, the world has begun to pick itself up off the floor and that's the real reason why gas prices have crept back up. The reason why we're seeing this price drop since mid-April is that Europe has begun to slide back into recession. France has a new President that doesn't want austerity measures and Greece has a new dysfunctional government that really doesn't want austerity measures.

Europe is holding it's collective breath and that is causing this pause in rising gas prices for us.
HopeWV
Rookie Author Charleston

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Points:220
Joined:May 2012
Message Posted: May 11, 2012 11:24:56 PM

It is vacation time, the prices will increase, they know people will pay it. The prices normally incease before holidays, because they know people want to be with their families, and they will pay it.
Ahking
Champion Author Orange County

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Message Posted: May 11, 2012 11:22:24 PM

really?
aggietim
Champion Author Fort Worth

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Message Posted: May 11, 2012 11:20:59 PM

ok esquared, I paid 2.05 on 5/13/2009, so coke kid may not be off by much.
DrLyon
Champion Author Michigan

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Message Posted: May 11, 2012 11:20:50 PM

Time Will tell...
kgbellman
Champion Author Ann Arbor

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Message Posted: May 11, 2012 11:20:16 PM

hope the downward trend continues
WalRus49
Champion Author Boston

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Message Posted: May 11, 2012 11:16:34 PM

Bunk! More organized mayhem and pillage.............
esquared
Champion Author Oklahoma City

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Message Posted: May 11, 2012 11:15:53 PM

Check your facts, coke_kid: here's what GasBuddy says:

http://www.OklahomaCityGasPrices.com/retail_price_chart.aspx?city1=Chicago&city2=&city3=&crude=n&tme=48&units=us
coke_kid
Champion Author Chicago

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Message Posted: May 11, 2012 11:08:52 PM

3 yrs ago gas was $1.67 a gal here... Thanks to Obamas OIL POLICYS WERE SCREWED!
wiwhite87
Champion Author Milwaukee

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Joined:May 2009
Message Posted: May 11, 2012 11:05:44 PM

No significant drops here... just a couple pennies here and there for a month. Regardless, keep your money by using less.
PetroScopper
Champion Author Houston

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Message Posted: May 11, 2012 11:05:31 PM

California and other states in the west are in major trouble right now. However, I guess the rest of the country can start to take a breath of relief, for the time being- who to say what tomorrow may bring.
NanaNJNJ
Veteran Author New Jersey

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Joined:May 2012
Message Posted: May 11, 2012 11:05:24 PM

A little relief is still relief, I suppose.
Toppers
Champion Author Atlanta

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Message Posted: May 11, 2012 11:04:46 PM

We're supposed to be excited about mid $3-ugghhh!
us4usa
Champion Author Missouri

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Message Posted: May 11, 2012 11:03:50 PM

Every station in town is $3.37...
livedream
Champion Author Michigan

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Message Posted: May 11, 2012 11:03:12 PM

We are seeing a little relief here in Michigan....
Our lowest price today in my city was $3.66 -- down .33 cents from last week.
egd
Champion Author Twin Cities

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Message Posted: May 11, 2012 11:01:02 PM

ohhh
mstearno
Champion Author Dayton

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Message Posted: May 11, 2012 10:55:23 PM

don't worry be happy
NOBAMA's NEW theme song
WIPACKERFAN
Champion Author Chicago

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Message Posted: May 11, 2012 10:54:40 PM

I always worry about gas prices.
oldiesman
Champion Author New York

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Message Posted: May 11, 2012 10:54:08 PM

Price here down to $4.04 per gallon, election is coming?
kgbellman
Champion Author Ann Arbor

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Message Posted: May 11, 2012 10:54:07 PM

hope the downward trend continues
Panama Red
Champion Author San Diego

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Message Posted: May 11, 2012 10:53:28 PM

Whoever wrote this article must not have been to San Diego lately; gasoline prices are skyrocketing there now.
tco9436
Champion Author Connecticut

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Message Posted: May 11, 2012 10:52:45 PM

Sure
DrLyon
Champion Author Michigan

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Message Posted: May 11, 2012 10:49:52 PM

Down prices, thanks...
Dodge_Me
Champion Author Atlanta

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Message Posted: May 11, 2012 10:47:17 PM

Isn't it funny how gas prices are dropping the closer we get to the election just like last election. Hmm
coke_kid
Champion Author Chicago

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Message Posted: May 11, 2012 10:46:13 PM

Down town Chicago is still $4.59 a gal and here in the burbs its $4.12 a gal

3 yrs ago gas was $1.67 a gal here... Thanks to Obamas OIL POLICYS WERE SCREWED!
suzmar
Champion Author Texas

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Message Posted: May 11, 2012 10:45:33 PM

It may be down a little, but it is way up from January 2009.
fuelsaverMN
Champion Author Twin Cities

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Message Posted: May 11, 2012 10:45:01 PM

Gas prices are still too high for us poor people.
Dodge_Me
Champion Author Atlanta

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Message Posted: May 11, 2012 10:44:45 PM

I would stop worring when gas is below $2.00 a gal.
fuelsaverMN
Champion Author Twin Cities

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Message Posted: May 11, 2012 10:44:22 PM

"NOBAMA MUST BE DEFEATED OR WE WON'T HAVE A COUNTRY.
petrpuck
All-Star Author Hamilton

Posts:672
Points:632,420
Joined:Nov 2011
Message Posted: May 11, 2012 10:39:44 PM

up a lot , down a little then up again. Rinse repeat
DustyHorse
Champion Author Virginia

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Message Posted: May 11, 2012 10:37:15 PM

At $3.89 a gallon I think gas is still very expensive.
itsjustme719
Champion Author Hamilton

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Message Posted: May 11, 2012 10:34:34 PM

Gas prices here in Ontario have been going up again.
agr964
All-Star Author Fresno

Posts:933
Points:109,000
Joined:Aug 2008
Message Posted: May 11, 2012 10:33:53 PM

Whatever you say buddy, gas has not been below $4/gal here since February and its been going up this week about 3 cents a day



[Edited by: agr964 at 5/11/2012 11:35:00 PM EST]
ammamama13
Sophomore Author California

Posts:101
Points:111,485
Joined:May 2011
Message Posted: May 11, 2012 10:33:09 PM

gas has gone up 10 - 20 cents in the past 2 days. if gas prices are going down it's not around here in central coast california
crashintuc34
Champion Author Tucson

Posts:5,707
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Message Posted: May 11, 2012 10:30:57 PM

Oh wow!! It's ALL THE WAY down to 3.50!! I guess we should all be elated, right?
HDFXR1991
All-Star Author Wisconsin

Posts:509
Points:365,180
Joined:Sep 2008
Message Posted: May 11, 2012 10:29:08 PM

What? Tell my wallet this news!
Blue48
Champion Author Illinois

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Message Posted: May 11, 2012 10:25:03 PM

CAN WE SEE THE LIGHT,AT THE END OF THE TUNNEL?
Garyallman
Champion Author Honolulu

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Message Posted: May 11, 2012 10:23:45 PM

Don't park the Prius yet, it's gonna go up even higher, that's a fact, look at the graph charts, it's been going up every year, and it will continue to increase steadily.
dollarwatcher
Champion Author Wisconsin

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Message Posted: May 11, 2012 10:22:21 PM

The 4 plus scare tactic worked didn't it.
bif65
Champion Author Virginia

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Joined:Jan 2011
Message Posted: May 11, 2012 10:21:00 PM

ok
Ply440GTX
Champion Author Kansas

Posts:1,825
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Joined:Feb 2009
Message Posted: May 11, 2012 10:20:41 PM

Uhh... It's STILL sucking!!!!!!!!!!!
Eugenian
Champion Author Oregon

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Joined:Oct 2009
Message Posted: May 11, 2012 10:20:08 PM

"GAS PRICES WILL GO UP NO MATTER HOW MUCH YOU WORRY. SOME STATIONS HERE HAVE GONE UP .20 CENTS IN THE LAST TWO DAYS." -DABEE1073

Not to worry; zero-point-two-zero cents is hardly a significant rise.

Now, if it were a 20 cent rise, that would be reason to worry.



[Edited by: Eugenian at 5/11/2012 11:21:52 PM EST]
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