Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:38 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Oil prices continue to fade Back to Topics
PD
Moderator
Message Posted: Apr 15, 2013 10:10:47 AM

Oil prices have been under attack in the last few weeks, perhaps a remarkable turn around given what is considered normal for this time of year. At last look, oil prices began this week by shedding nearly $2/bbl, bringing them down to $89/bbl, something that is highly unusual this time of year, but goes to show how rising domestic supply and availability may be keeping a lid on oil prices.

The good news is that lower oil prices will be a leading contributor to lower pump prices, which as of this morning stand nearly 40c/gal lower than they did a year ago. Hawaii is the lone state where gasoline prices remain above an average of $4/gallon, and due to unique issues there, will likely remain above $4/gallon.

Across the rest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
scorpiogg
Champion Author Modesto

Posts:1,675
Points:820,430
Joined:Nov 2012
Message Posted: Aug 20, 2013 7:30:44 PM

Wish gas prices would do the same
panteraone
Champion Author Texas

Posts:2,023
Points:962,265
Joined:Jun 2012
Message Posted: Aug 18, 2013 8:57:35 AM

build more refinerys
mdcsgt
Champion Author South Carolina

Posts:2,132
Points:709,045
Joined:Feb 2013
Message Posted: May 20, 2013 8:15:51 AM

Continue to fade?? Really?? Oil is on the rise last I checked?? Which means pump prices will continue to rise too!!!
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: May 19, 2013 9:19:43 PM

There was a time when price per barrel went lower gas prices went lower. Not anymore.
vulcan96
Champion Author Ohio

Posts:27,181
Points:3,133,135
Joined:Aug 2004
Message Posted: May 18, 2013 2:09:12 AM

greed & 3rd rate BS
Vette1967
Champion Author Albany

Posts:9,230
Points:2,059,345
Joined:Jun 2009
Message Posted: May 16, 2013 12:22:22 AM

Wish gas prices would do the same.
heydano67
Champion Author California

Posts:2,713
Points:1,054,515
Joined:Feb 2012
Message Posted: May 15, 2013 11:49:57 PM

keep on falling
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: May 13, 2013 12:55:52 PM

up and down and all over the place is where gas around here is.
RapMassaG
Champion Author Cincinnati

Posts:3,637
Points:1,660,420
Joined:Oct 2008
Message Posted: May 13, 2013 12:35:41 PM

Oil prices fade, Greedway spikes 40 cents/gallon this morning.
gasmeup52
Champion Author Missouri

Posts:3,633
Points:1,421,370
Joined:Jan 2011
Message Posted: May 13, 2013 11:29:03 AM

What a roller coaster ride with gas prices.
rickfro
All-Star Author San Diego

Posts:701
Points:350,565
Joined:Nov 2008
Message Posted: May 11, 2013 11:27:07 PM

oil is down but gas prices are rising quickly.
honda0105
Champion Author Tallahassee

Posts:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: May 11, 2013 7:31:59 AM

up, down, down, up, up, up, up.... hmmm... Memorial Day is approaching. Get ready for some big BOHICA.
txrojo2005
Champion Author Austin

Posts:1,476
Points:1,114,975
Joined:May 2011
Message Posted: May 7, 2013 10:13:25 AM

OK
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: May 7, 2013 8:27:54 AM

seems every other day it is going up or down.
99dakota
Champion Author Providence

Posts:11,457
Points:2,950,775
Joined:Oct 2006
Message Posted: May 6, 2013 6:53:57 AM

Ok
WanderDan
All-Star Author Dayton

Posts:670
Points:446,635
Joined:Nov 2012
Message Posted: May 5, 2013 8:27:59 PM

post old "news" and see how quick it is totally wrong
DoggII
All-Star Author Omaha

Posts:934
Points:1,071,965
Joined:Oct 2011
Message Posted: May 3, 2013 8:19:09 AM

Price is still too high
heydano67
Champion Author California

Posts:2,713
Points:1,054,515
Joined:Feb 2012
Message Posted: May 3, 2013 2:16:50 AM

still waiting
Jmac2008
Champion Author Missouri

Posts:4,619
Points:1,488,945
Joined:Dec 2008
Message Posted: May 2, 2013 1:18:00 AM

but gas prices are not dropping, the oil companies are just making a BIGGER Profit.
99dakota
Champion Author Providence

Posts:11,457
Points:2,950,775
Joined:Oct 2006
Message Posted: May 1, 2013 6:38:24 AM

lets hope so.
WanderDan
All-Star Author Dayton

Posts:670
Points:446,635
Joined:Nov 2012
Message Posted: Apr 26, 2013 11:46:51 PM

very old news
panteraone
Champion Author Texas

Posts:2,023
Points:962,265
Joined:Jun 2012
Message Posted: Apr 25, 2013 11:01:24 PM

yeah, gas company's giving us a break
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Apr 25, 2013 6:39:31 PM

I do not believe it.
xbAG
Champion Author California

Posts:2,879
Points:890,795
Joined:Jan 2012
Message Posted: Apr 24, 2013 6:15:54 PM

going down VERY slowly here in central coast of CA.
:> (((
mdcsgt
Champion Author South Carolina

Posts:2,132
Points:709,045
Joined:Feb 2013
Message Posted: Apr 24, 2013 3:58:12 PM

Won't last?? Someone in Middle East will rattle a sword or if not that Hurricane season starts June 1st. First storm to form in the Gulf will send everything higher. Lord forbid a storm making landfall in Louisiana or Texas, it'll go to $5 or $6 a gallon in 1/2 a day???
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Apr 24, 2013 10:20:47 AM

good news, but gas prices fall slowly.
Vette1967
Champion Author Albany

Posts:9,230
Points:2,059,345
Joined:Jun 2009
Message Posted: Apr 24, 2013 12:41:19 AM

Keep conserving fuel.
99dakota
Champion Author Providence

Posts:11,457
Points:2,950,775
Joined:Oct 2006
Message Posted: Apr 23, 2013 5:58:59 AM

good
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Apr 21, 2013 7:55:18 AM

and fuel prices are still up.
paulweb
Champion Author Ohio

Posts:3,538
Points:1,023,670
Joined:May 2011
Message Posted: Apr 21, 2013 7:27:23 AM

Fading upwards around here.
honda0105
Champion Author Tallahassee

Posts:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Apr 20, 2013 1:24:34 AM

claire, agreed!
claire17
Rookie Author Albany

Posts:3
Points:390
Joined:Apr 2011
Message Posted: Apr 17, 2013 2:48:37 PM

We still need cars that get 40 mpg or better
benjy
Champion Author Chicago

Posts:11,121
Points:2,542,085
Joined:Nov 2003
Message Posted: Apr 16, 2013 9:02:51 PM

we enjoy it today...
SkooterG
Champion Author Phoenix

Posts:3,898
Points:1,062,150
Joined:May 2012
Message Posted: Apr 16, 2013 11:50:48 AM

Good news for a change. Lets hope it continues.
52MPG
Champion Author Dayton

Posts:10,526
Points:2,522,800
Joined:Apr 2006
Message Posted: Apr 16, 2013 11:47:53 AM

Fade faster.
L98
Sophomore Author Ontario

Posts:181
Points:57,025
Joined:Mar 2013
Message Posted: Apr 16, 2013 11:38:41 AM

hopefully the lower pump prices will continue in proportion to the lower barrel price
BlueJaysMVP33
Rookie Author Ontario

Posts:31
Points:39,770
Joined:Aug 2011
Message Posted: Apr 16, 2013 11:20:51 AM

I'm f ckin sick of it all. I'm going to buy meself a donkey and they can shove their oil up their ass !!!
robwill1889
Champion Author Austin

Posts:1,899
Points:497,220
Joined:Mar 2013
Message Posted: Apr 16, 2013 7:44:44 AM

Great news
pitamon
Champion Author Philadelphia

Posts:7,502
Points:2,568,750
Joined:Sep 2004
Message Posted: Apr 16, 2013 6:10:50 AM

Keep falling.
kirzon484
Champion Author Atlanta

Posts:5,020
Points:1,203,625
Joined:Jun 2011
Message Posted: Apr 16, 2013 6:09:54 AM

we will take the meager pennies we can find
RalphHightower
Champion Author South Carolina

Posts:6,673
Points:1,475,870
Joined:May 2011
Message Posted: Apr 16, 2013 6:03:54 AM

Yea!
pfone1847
Champion Author Illinois

Posts:6,443
Points:1,404,855
Joined:Oct 2010
Message Posted: Apr 16, 2013 6:02:33 AM

I want to see more fade at the pumps
skanytank
Champion Author Kentucky

Posts:4,520
Points:1,342,335
Joined:Feb 2011
Message Posted: Apr 16, 2013 6:02:03 AM

Funny how gas prices do spike around here...Yesterday's OLD news...
Cobolpup
Sophomore Author Indiana

Posts:160
Points:362,775
Joined:Aug 2011
Message Posted: Apr 16, 2013 6:02:01 AM

Lower gas prices??? B. S. Prices went up here over .30 just over night.
danny999
Champion Author Florida

Posts:11,995
Points:2,422,085
Joined:Oct 2008
Message Posted: Apr 16, 2013 6:01:58 AM

The whole market went south.Stocks down 265 points,Gold-huge sell off 1355,gas 2.74.Talk about market corrections.This woke up some day traders who speculate.The gravy train doesn't last forever.
NJColt
Champion Author New Jersey

Posts:15,705
Points:3,413,015
Joined:Aug 2005
Message Posted: Apr 16, 2013 6:01:55 AM

Falling like a feather.
LeeFree
Champion Author Pittsburgh

Posts:12,373
Points:3,017,700
Joined:Jun 2005
Message Posted: Apr 16, 2013 6:00:19 AM

The bigger picture is the commodities market in general taking a dive. The speculators control the market and when they get "spooked" the market dives. Supply and demand have little to do with prices anymore. It's all about media spin and disinformation.
Ferdman17
Champion Author Albany

Posts:4,352
Points:1,148,105
Joined:Feb 2012
Message Posted: Apr 16, 2013 5:59:41 AM

Of course
Jeffro61
Champion Author Cleveland

Posts:5,109
Points:2,979,475
Joined:Oct 2005
Message Posted: Apr 16, 2013 5:59:34 AM

The economy needs the drop in prices.
germainesr
Champion Author Columbia

Posts:4,347
Points:1,110,615
Joined:Sep 2008
Message Posted: Apr 16, 2013 5:57:35 AM

Prices still high as a kite
MushBeeguy
Sophomore Author Indianapolis

Posts:100
Points:742,875
Joined:Mar 2012
Message Posted: Apr 16, 2013 5:56:49 AM

Apparently my local stations didn't get the message either. +$.30 this morning.
Post a reply Back to Topics