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Author Topic: Spot prices begin to unravel Back to Topics
PD

Moderator
Message Posted: May 21, 2013 2:26:00 PM

Has the time finally come? Well, it may be too early to blow the final whistle, but gasoline spot values have eroded today, and that may pave the way for some price decreases that could show up beginning next week or even sooner.

The nation's hottest gas price markets, the Mid-continent region and Great Lakes should see some relief ahead as spot gasoline prices take a nose dive today. However, as indicated earlier, while the party may be over, tomorrow's pivotal Energy Information Administration report could upend the predicted drop in retail prices.

While every region appears ripe to see declining wholesale gasoline prices later today, some regions are certainly in line for more of a break than others. The Great Lakes...

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REPLIES (newest first) Post a Reply
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garynga
All-Star Author Atlanta

Posts:555
Points:806,125
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Message Posted: Jun 20, 2013 8:49:34 AM

who remembers the average price of a fuel gallon when Obama took office??? Was it $1.83??????
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lyanMI
Champion Author Detroit

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Message Posted: Jun 18, 2013 1:08:51 PM

Lets see what happens
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99dakota
Champion Author Providence

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Message Posted: Jun 18, 2013 12:33:45 PM

Nice.
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GSKHY
Champion Author Montreal

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Message Posted: Jun 17, 2013 10:11:11 AM

gasoline prices is directly axed by the oil companies profit.
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txrojo2005
Champion Author Austin

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Message Posted: Jun 17, 2013 9:38:47 AM

Not in central Texas yet.
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99dakota
Champion Author Providence

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Message Posted: Jun 17, 2013 6:53:20 AM

Really?
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mdcsgt
Champion Author South Carolina

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Message Posted: Jun 14, 2013 11:27:12 AM

May have eroded when this OLD ARTICLE was posted. Definitely not on this day!!!
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Donatelo
Champion Author Dayton

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Message Posted: Jun 11, 2013 10:50:38 AM

biking may become more common.
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Clayton2000
Champion Author South Carolina

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Message Posted: Jun 10, 2013 4:35:50 AM

ok
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99dakota
Champion Author Providence

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Message Posted: Jun 7, 2013 6:46:07 PM

Ok
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honda0105
Champion Author Tallahassee

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Message Posted: May 28, 2013 5:27:16 AM

Raggedy: yup, 1 gal = 3.78 L.
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honda0105
Champion Author Tallahassee

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Message Posted: May 27, 2013 7:38:34 AM

phil: maybe try some alternatives?
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RaggedyEdge
Rookie Author Manitoba

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Message Posted: May 26, 2013 11:38:15 PM

I would GLADLY pay 3.83/gal - I'm at 1.50/l here. What's that per gallon? About $6?
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philbh
Veteran Author Cleveland

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Message Posted: May 26, 2013 9:34:02 AM

cant afford to drive anymore!
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honda0105
Champion Author Tallahassee

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Message Posted: May 26, 2013 7:57:58 AM

Donatelo: only if it's not out of the way.
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Donatelo
Champion Author Dayton

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Message Posted: May 25, 2013 11:06:21 AM

prices not coming down in my town, but drive 10 miles out of town to save 25 cent a gallon, is good if you're going that way.
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jayrad1957
Champion Author Los Angeles

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Message Posted: May 25, 2013 10:42:52 AM

Good. Maybe pump prices will unravel as well.
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honda0105
Champion Author Tallahassee

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Message Posted: May 25, 2013 8:43:59 AM

slowly trying to creep up again around here.
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MOREDLEG
Champion Author Missouri

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Message Posted: May 24, 2013 9:22:43 AM

No drop here in NW MO today
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Donatelo
Champion Author Dayton

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Message Posted: May 24, 2013 9:04:47 AM

why do we have foreign ownership of our refineries, and oil fields offshore, this is not energy independence. we are not serious about energy independence, when we ship away all the oil we drill. one day innovation will put oil in the background.
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honda0105
Champion Author Tallahassee

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Message Posted: May 24, 2013 5:44:44 AM

would be nice if we'd see prices in the low $2 range... given the barrel price, it'd be reasonable.
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Donatelo
Champion Author Dayton

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Message Posted: May 23, 2013 9:23:28 AM

was a big difference in close by stations for a while, now it's back to 1-2 cents.
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Vette1967
Champion Author Albany

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Message Posted: May 23, 2013 12:09:26 AM

I won't hold my breath.
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remay
Champion Author Houston

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Message Posted: May 22, 2013 11:58:01 PM

No way, before Memorial Day?
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lesndave
Champion Author Texas

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Message Posted: May 22, 2013 11:14:19 PM

I'll believe this when I see it at the pump!!!!
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caddilac
Champion Author Ontario

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Message Posted: May 22, 2013 3:00:41 PM


"The nation's hottest gas price markets, the Mid-continent region and Great Lakes should see some relief ahead as spot gasoline prices take a nose dive today."

And yet gasoline prices here shot up yesterday by 14 cents a LITER, or 52 cents for a US gallon....from 15 cents a LITER to 29 cents a LITER.

Something's wrong with this picture.
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DeeLA
Champion Author Los Angeles

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Message Posted: May 22, 2013 2:48:42 PM

Old news.
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oldiesman
Champion Author New York

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Message Posted: May 22, 2013 2:33:26 PM

In my area gas prices are all over the place, in a radius of 5 miles We have a difference of 14 cents for a gallon of regular.The low is $3.67 to a high of $3.83
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abacus44
Champion Author Toms River

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Message Posted: May 22, 2013 2:32:21 PM

OK
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dad2two
Champion Author Dallas

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Message Posted: May 22, 2013 2:30:12 PM

It would be nice to see the drop, but I am not sure it will happen this week.
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mikesr100
Champion Author Sacramento

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Message Posted: May 22, 2013 2:29:54 PM

OK
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btex49
Champion Author Austin

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Message Posted: May 22, 2013 2:29:17 PM

I look forward to following the price of gas... hopefully go down.
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Gassed01
Champion Author Toronto

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Message Posted: May 22, 2013 2:26:30 PM

Hasn't started to drop here yet. Still waiting.
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repeater1
Champion Author Topeka

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Message Posted: May 22, 2013 2:25:46 PM

Keeo on droping, we love it.
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Tralp
Champion Author North Carolina

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Message Posted: May 22, 2013 2:25:42 PM

beleive when you see it.
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repeater1
Champion Author Topeka

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Message Posted: May 22, 2013 2:21:05 PM

Keep on dropping...
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aarrrt
Champion Author San Diego

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Message Posted: May 22, 2013 2:19:31 PM

Not here.
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chuckhermann
Champion Author New York

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Message Posted: May 22, 2013 2:18:22 PM

I guess erosion can be a good thing.
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1Casey
Champion Author Albany

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Message Posted: May 22, 2013 2:16:28 PM

huh ?
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MitchelSdReview
Champion Author South Dakota

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Message Posted: May 22, 2013 2:11:12 PM

ok
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spdude
Champion Author Oakland

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Message Posted: May 22, 2013 2:09:26 PM

It's about time sanity hits the gasoline market.
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domlong
Champion Author Pennsylvania

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Message Posted: May 22, 2013 2:09:18 PM

ok
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LuthierKS
Champion Author Wichita

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Message Posted: May 22, 2013 2:06:47 PM

I'm ready to see a price decrease.
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TRAIN RIDER
Champion Author San Bernardino

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Message Posted: May 22, 2013 2:05:46 PM

Good.
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Flashcube
All-Star Author Nashville

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Message Posted: May 22, 2013 2:05:02 PM

Here in Nashville, they just jumped from 3.12 to 3.35 OVERNIGHT!
Hmmmmm. Boys and Girls, can you spell G R E E D ?
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gaspumpin
Champion Author Indiana

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Message Posted: May 22, 2013 2:00:35 PM

"gvan"----It means more jobs and profits for them.
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jpgilmor
Champion Author Houston

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Message Posted: May 22, 2013 2:00:19 PM

Great
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SiouxFallsCheck
All-Star Author Sioux Falls

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Message Posted: May 22, 2013 1:53:43 PM

ok
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gvan
Champion Author Chicago

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Message Posted: May 22, 2013 1:53:33 PM

"Funny how fast the price goes up... seconds and how slow it takes to go down, (weeks),if ever."

Gas station operators make little, or no, profit when prices are rising. They make up for it by slowly lowering the price.
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Barfood
Champion Author St. Louis

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Message Posted: May 22, 2013 1:52:25 PM

Not soon enough though!
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gvan
Champion Author Chicago

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Message Posted: May 22, 2013 1:50:58 PM

"Question: If gas is so expensive in Canada, why are the Canadians pushing like Hell to get a pipeline to ship their oil to us??? Anyone have an answer??"

I'll venture a guess. First, we import a lot of oil from Canada but we also export refined products to Canada. Second, Canada wants to export oil to foreign countries through U.S. ports.
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