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Author Topic: National average stalls as expected... for brief respite Back to Topics
PD
Moderator
Message Posted: Mar 24, 2014 11:47:28 AM

Pump prices have slowed their climb in the last week, as expected, according to GasBuddy.com data. The national average rose just fractions of a penny in the last week, rising to $3.51/gallon at this writing, virtually the same as it was a week ago.

A decline in oil prices two weeks ago certainly helped lead to the stall in rising prices, even as ethanol prices have caused upward pressure in gasoline prices.

"As I expected, the panic at the pump slowed considerably in the last week, with the national barely grinding out an increase in the last week, " said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"A cooling in oil prices during the previous week heavily influenced last week's quieter increase....

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Mar 28, 2014 5:58:43 AM

we know it'll climb to near $4 probably.
The 60+ cents gap between diesel and gasoline is closing fast around here.
blkstn2012
Veteran Author Appleton

Posts:306
Points:484,945
Joined:Aug 2012
Message Posted: Mar 25, 2014 2:33:54 PM

Surprisingly, prices spiked over the weekend in Michigan and Indiana, even as wholesale prices showed little justification for the spike.is there any such thing anymore [justification]?they just do whatever they want.
SkooterG
Champion Author Phoenix

Posts:3,873
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Joined:May 2012
Message Posted: Mar 25, 2014 12:08:26 PM

Not good enough.
fedupp
Champion Author Cleveland

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Message Posted: Mar 25, 2014 9:05:41 AM

Low priced fuel does not come from frack,shale and steam tar oil-no matter how much is on hand-it simply costs way too much to get out of the ground,markets must be created for it with war and lies--first you need sky high world oil prices(over $80.00 per barrel)then you need the legal ability to contaminate ground and surface water(2005 energy policy act)then you can extract frack,shale and steam tar oil--cheap oil only comes from two places on earth-the middle east and Venezuela,and our government put an end to that over ten years ago.
streetdesign
Champion Author Illinois

Posts:3,468
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Message Posted: Mar 25, 2014 8:23:02 AM

Needs to decline. Consumers have paid enough when there is plenty of oil.
fedupp
Champion Author Cleveland

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Message Posted: Mar 25, 2014 8:07:35 AM

Yep the 1973 Yom Kippur war,and OPEC oil embargo that followed had oil prices way up for 11 years until OPEC flooded the market with cheap easy to access high quality crude oil again in 1984-and we had cheap oil again, for almost two full decades,until march the 20th 2003-when the same thing started all over again-from 3-20-2003 to 6-2008 we saw crude oil prices rise straight up,from under $30.00 per barrel to $145.00 per barrel-the market crash brought the price of oil down to around $50.00 per barrel(fall of 2008-spring of 2009) for a few short months,until the market came back up-and for the last 3 and 1/2 years world oil prices have been high enough(fracking becomes economically viable at over $80.00 per barrel) to even make a profit from expensive leftover resources like frack,shale and steam tar oil--add in corn ethanol(2005 energy policy act)and you have the perfect disaster for the average working American. So yes prices do go up and down,it could be completely different-for the better,but prices do go up and down.
werich44
Champion Author California

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Message Posted: Mar 25, 2014 7:48:20 AM

Speculators are busily working to see that this "brief respite" is indeed brief!!.
dwg6392
Champion Author Maryland

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Message Posted: Mar 25, 2014 7:06:43 AM

Prices go up, prices go down
fedupp
Champion Author Cleveland

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Points:43,225
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Message Posted: Mar 25, 2014 6:38:10 AM

What are we going to do about the ridiculous oil and fuel prices we have seen since Iraq's gigantic cheap ocean of oil was split up and handed out,and Venezuela was demonized with a strange propaganda campaign over ten years ago?(they could never dream of being able to frack and steam tar out of sand pits with $15.00 and $20.00 oil flooding a fair world market-so they put a stop to that)I don't see anyone being able to stop way too expensive fracking-or even more expensive steam tar oil from Canada at this late point in the game......but it may be possible to overturn the 2005 and 2007 government corn ethanol mandates,that would give us better efficiency and a small drop in price..it would be a start anyway.
prcoqui
Champion Author Maryland

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Message Posted: Mar 25, 2014 6:37:48 AM

Pure GREED.
WonderfulMI
Champion Author Michigan

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Message Posted: Mar 25, 2014 6:28:41 AM

At $3.70 a gallon for regular it isn't cheap.
tomok
Champion Author Portland

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Message Posted: Mar 25, 2014 6:25:05 AM

National average 'stalls' as expected... for brief respite? Pump prices have slowed their climb last week. The national average rose just fractions of a penny in the last week, rising to $3.51/gallon, as a week ago. A decline in oil prices two weeks ago helped lead to the stall in rising prices, as ethanol prices have caused upward pressure in gasoline prices.
Refinieries will finish their maintenance, this could lead to spikes in gasoline prices, if several refineries experience unexpected outages or longer than normal return to production time.
**Local fuel prices are up and will continue to be so.
***Excuses, Excuses! Big Oil can charge whatever they want at the pump and we will never have any other option but to pay, pay, and pay! Use whatever reason you want and put the blame wherever you want. The price of fuel at the pump will never come down to reasonable levels, the 'fuel gods' have spoken.
***Refinery maintenance, less refined fuel produced, higher prices at the pump!
And Oblammer has something entirely different to say about it!
***Take care of the domestic fuel market first and above all else before exporting and selling fuel or natural gas to other countries!
***We need cheaper crude oil to restart this lame, spending gone wild, in the crapper economy OR it will never do anything like it did before.
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!
dar 1
Champion Author Michigan

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Message Posted: Mar 25, 2014 6:09:35 AM

Ours jumped .14 its still trending up..............
Jeffro61
Champion Author Cleveland

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Message Posted: Mar 25, 2014 6:07:52 AM

Ok
dc1552
Champion Author Virginia Beach

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Message Posted: Mar 25, 2014 6:05:01 AM

Where??
sparkyrs00
Champion Author Salt Lake City

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Message Posted: Mar 25, 2014 6:04:39 AM

ok
pitamon
Champion Author Philadelphia

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Message Posted: Mar 25, 2014 6:03:33 AM

It's going to go up and we get screwed.
kobes1
Champion Author Florida

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Message Posted: Mar 25, 2014 6:01:44 AM

Greed finds a way
JFC
Champion Author Omaha

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Message Posted: Mar 25, 2014 5:59:49 AM

prices are starting to fall a bit here,,,,,two cents yesterday.
sawdust1825
Champion Author Illinois

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Message Posted: Mar 25, 2014 5:59:10 AM

Somehow we are below the national average here. That almost never happens.
chuckohio
Champion Author Columbus

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Message Posted: Mar 25, 2014 5:58:46 AM

Anyone here checked prices lately?
TommyTraveler
Champion Author Cincinnati

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Message Posted: Mar 25, 2014 5:57:42 AM

Price manipulation by the criminals on Wall St.
SnickersDog
Champion Author Denver

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Message Posted: Mar 25, 2014 5:57:40 AM

No matter we pay and go.
jflabbe96
Champion Author Pennsylvania

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Message Posted: Mar 25, 2014 5:56:38 AM

Prices are all manipulated anyhow. We'll all be bending over and taking it soon enough.
WR-INC
Champion Author Twin Cities

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Message Posted: Mar 25, 2014 5:56:24 AM

We'll see how long this lasts.
Ferdman17
Champion Author Albany

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Message Posted: Mar 25, 2014 5:56:19 AM

Come on... wish it would just stay down
tallyman
Champion Author Tallahassee

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Message Posted: Mar 25, 2014 5:55:45 AM

The oil companies will make their quota one way or another.
Katasa
All-Star Author Ottawa

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Message Posted: Mar 25, 2014 5:55:22 AM

ok
metrojeep
Champion Author Fort Worth

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Message Posted: Mar 25, 2014 5:54:50 AM

One local station went up 0.11 cents last night.
Cloclo103
Champion Author Ottawa

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Message Posted: Mar 25, 2014 5:54:45 AM

ok
KrsnaDragon
Champion Author Montreal

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Message Posted: Mar 25, 2014 5:52:53 AM

Interesting analysis.
LeeFree
Champion Author Pittsburgh

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Message Posted: Mar 25, 2014 5:52:36 AM

It's been around $3.60/gal in this area for over a month now. High (compared to a few months ago), but at least it's stable.
Lengas
Champion Author Gary

Posts:16,997
Points:3,493,800
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Message Posted: Mar 25, 2014 5:48:30 AM

Can't stop Big Oil Manipulation!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SFRangerSniper
Champion Author Michigan

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Joined:Oct 2013
Message Posted: Mar 25, 2014 5:47:51 AM

ok
friday21
Champion Author Toronto

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Message Posted: Mar 25, 2014 5:47:40 AM

Ok
WEB0153
Champion Author Maryland

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Message Posted: Mar 25, 2014 5:46:48 AM

ok
danreino
Champion Author Twin Cities

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Message Posted: Mar 25, 2014 5:46:18 AM

$5.50 by June for Our Leader.
snowplow1971
All-Star Author Washington

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Message Posted: Mar 25, 2014 5:45:33 AM

Ok
Janetique
Champion Author Virginia Beach

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Message Posted: Mar 25, 2014 5:43:47 AM

Stalled - high!
Zuman
Champion Author New York

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Message Posted: Mar 25, 2014 5:43:15 AM

Screwed again
djp071158
Champion Author Detroit

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Message Posted: Mar 25, 2014 5:42:41 AM

Prices are high because that's how Big Oil makes their money.
JPillo
Veteran Author Toronto

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Message Posted: Mar 25, 2014 5:42:41 AM

Always up...never down
74celica
Champion Author Columbus

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Message Posted: Mar 25, 2014 5:42:11 AM

they didn't stall here,greed plain and simple
Hunter724
Champion Author New Hampshire

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Message Posted: Mar 25, 2014 5:40:40 AM

They don't need bad news to raise prices at the pump....
afghaned
Champion Author Ottawa

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Message Posted: Mar 25, 2014 5:38:21 AM

We had a week of slightly lower prices but yesterday up they went.
2khawk
Champion Author Iowa

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Message Posted: Mar 25, 2014 5:35:40 AM

Oil should be trading for around $75 a barrel and gas should be around $2.50 a gallon. I would like to thank the greenies for pushing prices higher than they have every been. Start electing officials who represent you and your family not their own interests.
MTPokts
Champion Author Indianapolis

Posts:2,733
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Message Posted: Mar 25, 2014 5:28:15 AM

$3.58 is not a "respite"
OnEmpty69
Champion Author Las Vegas

Posts:2,550
Points:860,460
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Message Posted: Mar 25, 2014 5:28:13 AM

they did not stall at most stations, some went up 10 plus cents!
f4driver
Champion Author Maine

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Message Posted: Mar 25, 2014 5:28:04 AM

Ho Hum....
twt
Champion Author Virginia Beach

Posts:13,866
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Message Posted: Mar 25, 2014 5:27:55 AM

Want more control over gas prices? VOTE for the folks who care what "we, the people" think.
D4444J
Champion Author Albuquerque

Posts:5,010
Points:1,350,245
Joined:Aug 2011
Message Posted: Mar 25, 2014 5:27:03 AM

Yes, just like a bouncing ball, up and down
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