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Author Topic: National average takes biggest weekly drop in over a year Back to Topics
PD
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Message Posted: Oct 22, 2012 11:19:18 AM

The national average yesterday took its biggest weekly decline in over a year, according to GasBuddy data. The decrease of 10.1c/gal was the largest week-on-week decrease since late May 2011, when prices decreased 10.4c/gal in one week. Last week's drop was also one of the largest since the 2008 recession saw prices drop week after week nearly 30c/gal.

It's sure to come at a time that many motorists are highly skeptical of the reasons surrounding the decrease. Many I've talked to believe the drop solely has to do with politics, or that a certain politician is lowering prices. But since we believe in educating our users and debunking myths, we earlier said the reasons for the drop had little to do with politics and more to do with...

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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Oct 26, 2012 5:42:05 AM

nice that the average is dropping. Not much drop here.
clpassenubye
Champion Author Los Angeles

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Message Posted: Oct 25, 2012 3:31:48 PM

Its dropping after it was increased for various reasons so 10c isn't that much of a drop when you put it all into perspective.
garywa01
Sophomore Author Alberta

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Message Posted: Oct 25, 2012 9:54:23 AM

Election strategy?
garywa01
Sophomore Author Alberta

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Message Posted: Oct 25, 2012 9:54:21 AM

Election strategy?
Lobsters11
Rookie Author Sacramento

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Message Posted: Oct 23, 2012 10:47:10 PM

Thank God!!
Donatelo
Champion Author Dayton

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Message Posted: Oct 23, 2012 8:58:38 PM

cool
CapriceWagon
Champion Author Washington

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Message Posted: Oct 23, 2012 4:31:17 PM

Finally, it was supposed to drop 6 or 7 weeks ago
SkooterG
Champion Author Phoenix

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Message Posted: Oct 23, 2012 3:31:15 PM

Waiting for the drop in Phoenix area......
doctorindyj
Champion Author Santa Fe

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Message Posted: Oct 23, 2012 10:42:25 AM

Wait for that spike.
otherdave
Champion Author Indiana

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Joined:Oct 2008
Message Posted: Oct 23, 2012 10:05:06 AM

Link is not broken.
PTBpricer
Champion Author Virginia

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Message Posted: Oct 23, 2012 8:03:19 AM

More good news.

To bad the link to the Full Article is broke.
tomok
Champion Author Portland

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Message Posted: Oct 23, 2012 6:50:20 AM

National average takes biggest weekly drop in over a year and fuel prices need to keep going down and down to a much more reasonable level in less than a year. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the New Low!
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.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
bicycle1966
All-Star Author Akron

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Message Posted: Oct 23, 2012 6:45:22 AM

wish diesel were doing the same
mberg
Champion Author Houston

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Message Posted: Oct 23, 2012 6:17:42 AM

The good old days are returning.
bikerWI
Champion Author Milwaukee

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Message Posted: Oct 23, 2012 6:10:59 AM

It's probably the switch to winter gas and less demand.
bikechuck
Champion Author Indianapolis

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Message Posted: Oct 23, 2012 6:05:25 AM

It is a breath of fresh air but how long will it last? and how low will it go?
fordfan1
Champion Author Indiana

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Message Posted: Oct 23, 2012 6:04:46 AM

It must be election time again!!!!!
slgas
Champion Author Houston

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Message Posted: Oct 23, 2012 6:03:11 AM

It is more like a free-fall in my part of Houston. $2.99 at 2 stations down the street.
danny999
Champion Author Florida

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Message Posted: Oct 23, 2012 6:02:19 AM

COMEX DOWN another nickel to 2.65.Pump prices.WHY is pump price 92/96 cent higher at pump..Someone is making an extra 30 cents/gallon.Bradenton Fl.
Lengas
Champion Author Gary

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Message Posted: Oct 23, 2012 5:59:48 AM

Big Oil MANIPILATION playing with a bouncing ball!!!!!!!!!!!!!!!!!!!!
hmcsretired07
Champion Author North Carolina

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Message Posted: Oct 23, 2012 5:59:47 AM

When climbing Mt Everest, you still have somes down hils. Unitl we are independent and OBama and Chu are history, gas will continue to climb until we level out with europe.
smokinjoe54
Champion Author Ohio

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Message Posted: Oct 23, 2012 5:58:41 AM

Keep dropping.
Ferdman17
Champion Author Albany

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Message Posted: Oct 23, 2012 5:58:20 AM

Yea
JimL1
Champion Author Phoenix

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Message Posted: Oct 23, 2012 5:58:11 AM

Idiots that "believe the drop solely has to do with politics, or that a certain politician is lowering prices," Deserve what they get, that is the guy who wanted the U.S. Automakers to go through bankruptcy. When a company that I used to work for went through bankruptcy, all employees lost their last two weeks of salary--AND THEIR JOBS!..Now tell me that your candidate cares about the middle income guy, the common man. Please read on................ ............

"But since we believe in educating our users and debunking myths, we earlier said the reasons for the drop had little to do with politics and more to do with seasonal declines in the price of gasoline."
Boo1989
Champion Author Atlanta

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Message Posted: Oct 23, 2012 5:55:43 AM

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
ILVET
Champion Author Illinois

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Message Posted: Oct 23, 2012 5:55:29 AM

Just going thru the cycle
hawkman1950
Champion Author Michigan

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Message Posted: Oct 23, 2012 5:55:28 AM

Keep moving south.
Petrock
Champion Author Lexington

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Message Posted: Oct 23, 2012 5:55:07 AM

Dropping prices are good! Not so sure about that Nothing to do with Politics statement though. Sure is odd that this is happening 2 weeks before the elections?
padlocks2
Champion Author Virginia

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Message Posted: Oct 23, 2012 5:54:17 AM

Yup, right after it jumped the mose in over a year and its still higher than it was before the jump
lindact
Champion Author New Haven

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Message Posted: Oct 23, 2012 5:53:59 AM

Still way too high...
Hunter114
Champion Author Chicago

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Message Posted: Oct 23, 2012 5:52:13 AM

OK.
pkhdonovan
Champion Author Maine

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Message Posted: Oct 23, 2012 5:52:02 AM

some stations around here are finally starting to drop their prices.
bababooey2
Champion Author Hartford

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Message Posted: Oct 23, 2012 5:51:35 AM

whatever
Yankee829
Champion Author Dallas

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Message Posted: Oct 23, 2012 5:47:43 AM

Ok
Brucevanf
Champion Author New Brunswick

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Message Posted: Oct 23, 2012 5:47:40 AM

ok
kirzon484
Champion Author Atlanta

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Message Posted: Oct 23, 2012 5:47:25 AM

k
racerdj
Champion Author Indianapolis

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Message Posted: Oct 23, 2012 5:47:03 AM

Just in time for the election!
tc316
Champion Author Twin Cities

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Message Posted: Oct 23, 2012 5:46:11 AM

Keep dropping
teamsimons
Champion Author South Carolina

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Message Posted: Oct 23, 2012 5:45:53 AM

Yes, we're seeing a bit of a decrease in gas prices here, but it still isn't as low as earlier in the year.
no_monkey2002
Champion Author Tallahassee

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Message Posted: Oct 23, 2012 5:45:35 AM

it is way toooooooooooooo high...get it down around my knees..
wingryder92
Champion Author British Columbia

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Message Posted: Oct 23, 2012 5:45:14 AM

We dropped a lot, ver a week ago but have been steady since.
LeeFree
Champion Author Pittsburgh

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Message Posted: Oct 23, 2012 5:41:09 AM

Dropping only pennies here. Still near $3.80/gal.
mystic92
Champion Author New Jersey

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Message Posted: Oct 23, 2012 5:40:43 AM

lets keep dropping
neptune2008
Champion Author Michigan

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Message Posted: Oct 23, 2012 5:35:39 AM

almost real....ALMOST
fillerupyeoww
Champion Author Columbus

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Message Posted: Oct 23, 2012 5:35:29 AM

Yeah well, pump prices up .20 overnight around here.
4bobux
Champion Author Peoria

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Message Posted: Oct 23, 2012 5:32:31 AM

keep going
SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Oct 23, 2012 5:32:16 AM

it needs to continue for quite some time yet... but will it???
epf
Champion Author Grand Rapids

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Message Posted: Oct 23, 2012 5:31:49 AM

Low $3.40s here
rjd1608
Champion Author Toledo

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Message Posted: Oct 23, 2012 5:31:14 AM

it would be nice if it would stay low, but it won't
Foxt
Champion Author Minnesota

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Message Posted: Oct 23, 2012 5:31:10 AM

Biggest drop means nothing when it starts that high.
gabisgram
Champion Author Michigan

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Message Posted: Oct 23, 2012 5:30:58 AM

Still too high.
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