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Author Topic: Drop in national average grinds to temporary halt Back to Topics
PD

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Message Posted: May 19, 2014 9:39:42 AM

Many analysts, including yours truly, has been saying for weeks, nay, months, that gasoline prices would begin declining in April or May as refinery maintenance wraps up and the conversion to summer gasoline completes. The decrease in the national average started about May 1, and since then has fallen about 3 cents per gallon. The decreases would be slow to amount to much, before gaining steam, we said. But in the last week, the decrease in the national average has seemingly stopped.In fact, over the last week, the national average is actually up $0.002 per gallon, and while that is certainly little to talk about, there are some signs that it may take more time for a larger decrease to emerge....

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Calbo1
Champion Author Las Vegas

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Message Posted: May 31, 2014 1:02:17 PM

I'm in agreement with 2parrots
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PAA64
Champion Author Cincinnati

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Message Posted: May 31, 2014 6:39:25 AM

k
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agrico
Champion Author New Orleans

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Message Posted: May 30, 2014 9:16:28 PM

I'm ready
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2parrots
Champion Author Massachusetts

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Message Posted: May 29, 2014 10:17:32 AM

not holding my breath
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Tundralimited2009
Champion Author Dallas

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Message Posted: May 29, 2014 1:12:44 AM

Time will tell...
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runnerpaul
Champion Author Michigan

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Message Posted: May 26, 2014 11:46:25 AM

So here we go again with prices going up.
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honda0105
Champion Author Tallahassee

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Message Posted: May 23, 2014 6:55:39 AM

strakey: money makes the world go 'round?

Seriously, sadly too few people think your way.
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strakey
All-Star Author California

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Message Posted: May 21, 2014 3:22:55 PM

So tired of the greed destroying this planet.
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fedupp
Champion Author Cleveland

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Message Posted: May 20, 2014 9:42:50 AM

Join them,buy stock--incredible how they have us buying into draining our own wallets---and on top of that,you can buy stock in some oil developing companies now for under $5.00 per share,because the price of crude is nowhere near as high as they expected it to go after shutting down Iraq's oil fields and splitting them up,to a host of international oil corporations-and mostly China,the strange propaganda war on Venezuela,sanctions on Iran,changing the way commodities are traded ect. Hell oil was $45.00 per barrel more than now in the summer of 2008---they expected us to just go on like nothing happened with fuel 4 times more? most people I know just stay home now--demand has been flat for ten years now.
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rte3tdi
Champion Author New Hampshire

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Message Posted: May 20, 2014 9:24:09 AM

Surprised?
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Raider44
Champion Author Allentown

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Message Posted: May 20, 2014 8:40:28 AM

anyone surprised?
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s6sputnik
Champion Author Austin

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Message Posted: May 20, 2014 7:47:42 AM

join them buy stock!
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fedupp
Champion Author Cleveland

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Message Posted: May 20, 2014 6:35:45 AM

North America has frack oil,steam tar oil,tundra oil,deep ocean oil-none of it cheap-nothing like the giant oceans of easy to access,super cheap to lift resources of true oil rich nations--what makes anyone think that oil prices are going down? Not only is oil not going down,but the oil corporations are pushing hard for crude oil export permits,because the markets that were created 11 years ago with all out war and lies will pay more for it---and Canada steam tar oil has even higher lifting costs than frack oil,at up to $90.00 per barrel--so once that pipe is complete,they will dump even more,way too expensive to lift,low quality tar oil on a market that has already been completely manipulated over the last 11 years--with war,lies,sanctions,propaganda,trade law changes,ect.Only two ways oil will ever go down,if OPEC floods the market with cheap oil-or if the stock market melts down again,like it did in the fall of 2008/spring of 2009-when we saw $2.00 gas for a couple months, till the market came back up-and chances are at this point,they even have a way to avoid that.
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pitamon
Champion Author Philadelphia

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Message Posted: May 20, 2014 6:23:42 AM

It dropped 2 cents and has stalled.
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Jeffro61
Champion Author Cleveland

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Message Posted: May 20, 2014 6:03:55 AM

Not dropping here.
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Ferdman17
Champion Author Albany

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Message Posted: May 20, 2014 6:03:49 AM

It's not going to drop much... Summer drive
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Hunter724
Champion Author New Hampshire

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Message Posted: May 20, 2014 6:01:23 AM

NO drop here.....
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kobes1
Champion Author Florida

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Message Posted: May 20, 2014 5:59:59 AM

Greed for the holiday!
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valby
Champion Author Massachusetts

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Message Posted: May 20, 2014 5:59:54 AM

Not here.
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GasBubby514
Champion Author Kentucky

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Message Posted: May 20, 2014 5:59:17 AM

There was a drop???
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AvantiMick
Champion Author Indiana

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Message Posted: May 20, 2014 5:58:21 AM

Drop?? What drop you talkin' 'bout!?!??
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ARMADA157
Champion Author Detroit

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Message Posted: May 20, 2014 5:57:47 AM

Tired, tired tired.
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madison8359
Champion Author Cleveland

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Message Posted: May 20, 2014 5:57:03 AM

Never really saw much of a drop.
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bassakwards007
Champion Author Orange County

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Message Posted: May 20, 2014 5:55:19 AM

There was a "Drop"?.
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GLM4205
Champion Author Toledo

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Message Posted: May 20, 2014 5:54:23 AM

It takes them longer to drop may be 2 pennies gas price, but quick to bump up may be 30 cents.
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wombatnow
Champion Author Amarillo

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Message Posted: May 20, 2014 5:54:16 AM

I must have missed any drop
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friday21
Champion Author Toronto

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Message Posted: May 20, 2014 5:54:06 AM

OK
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jppezz
Champion Author New Mexico

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Message Posted: May 20, 2014 5:52:40 AM

What drop?
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05FLHRI
Champion Author Ohio

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Message Posted: May 20, 2014 5:52:16 AM

:(
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TIGERPAW46
Champion Author Florida

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Message Posted: May 20, 2014 5:50:59 AM

Most of the increase was not indicated & they generally won't go back down as much as the went up.
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RogerB
Champion Author Indianapolis

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Message Posted: May 20, 2014 5:50:58 AM

Very interesting . . .
             
             
                √

               
               
               
             
 
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Beau2140
Champion Author New York

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Message Posted: May 20, 2014 5:50:57 AM

Wow three cents. WOW
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greshams
Champion Author Cincinnati

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Message Posted: May 20, 2014 5:50:55 AM

there's a lot of price fixing going on right now, there has to be an investigation.
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moenkopi23
Champion Author Chicago

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Message Posted: May 20, 2014 5:50:40 AM

Big Oil is doing what it does best...lies and raises prices.
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Petrock
Champion Author Lexington

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Message Posted: May 20, 2014 5:48:14 AM

And the price of oil is climbing up again! Just when the "experts" have it figured out something different happens!
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rick_evans
Champion Author Boston

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Message Posted: May 20, 2014 5:47:42 AM

ok
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ShineRunner
Champion Author North Carolina

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Message Posted: May 20, 2014 5:47:28 AM

Gotta keep it up for the holiday travelers.
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f4driver
Champion Author Maine

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Message Posted: May 20, 2014 5:47:23 AM

Agreed. Dropped six cents here and then....0
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ostrichNV
Champion Author Nevada

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Message Posted: May 20, 2014 5:46:21 AM

Yep, prices went down about 2 cents per gallon here and then, indeed, came to a grinding halt.

Sucks.
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hamdriver
Champion Author Lansing

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Message Posted: May 20, 2014 5:46:01 AM

Boo
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Sanpoil
Champion Author Spokane

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Message Posted: May 20, 2014 5:43:26 AM

Pure greed and speculators suck.
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74celica
Champion Author Columbus

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Message Posted: May 20, 2014 5:42:12 AM

is going down slowly,but holidays coming up and will see the usual holiday ripoff
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mikejapan
Champion Author San Diego

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Message Posted: May 20, 2014 5:41:57 AM

ok
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hawkman1950
Champion Author Michigan

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Message Posted: May 20, 2014 5:40:32 AM

It's called GREED!!!!!!!!!!!!!!
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WEB0153
Champion Author Maryland

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Message Posted: May 20, 2014 5:38:36 AM

tu
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windowdude49301
Champion Author Grand Rapids

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Message Posted: May 20, 2014 5:38:18 AM

did not show up at he pump here yet
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alphanyr
Champion Author Connecticut

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Message Posted: May 20, 2014 5:38:13 AM

Thanks
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tallyman
Champion Author Tallahassee

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Message Posted: May 20, 2014 5:37:35 AM

Temporary halt before it goes up again.
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ReadyWriter
Champion Author Columbus

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Message Posted: May 20, 2014 5:36:15 AM

Notice, it says "temporary halt." That is ALWAYS the case when it is dropping, then we see rises for a long time after that.
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luckyl
All-Star Author Halifax

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Message Posted: May 20, 2014 5:36:08 AM

ok
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