Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:46 PM

GasBuddy News Article

50
votes
U.S. gasoline prices headed to 3-year low

The Detroit News -- Gasoline pump prices in the U.S. are poised to drop to the lowest since February 2011 by New Year’s Eve as supplies increase more than demand, providing a lift for consumers in an economy struggling to recover from the deepest recession since the 1930s.

Retail prices will probably sink to an average of $3.15 a gallon by Dec. 31 from $3.339, according to Michael Green, a spokesman in Washington for AAA, the nation’s largest motoring organization. The highest seasonal inventories in three years are set to rise as plants return from scheduled maintenance. Refining capacity in the fourth quarter will be 410,000 barrels a day higher than last year, while demand climbs 10,000 barrels, the Energy Information Administration estimated Oct. 8.

U.S. refiners are making the most gasoline ever for...


Read the Full Article

Submitted Oct 24, 2013 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. gasoline prices headed to 3-year low Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,779
Points:2,352,515
Joined:Nov 2008
Message Posted: Oct 26, 2013 12:02:02 AM

ditto here, 032.
Profile Pic
032946
Champion Author Twin Cities

Posts:23,019
Points:4,756,235
Joined:Oct 2001
Message Posted: Oct 25, 2013 10:28:09 AM

I am still waiting for that! I will believe it when I see it. This is also old News!
Profile Pic
zuess28
Champion Author Allentown

Posts:1,602
Points:344,675
Joined:Mar 2013
Message Posted: Oct 25, 2013 7:35:40 AM

Isn't this awesome !!!!
Profile Pic
52MPG
Champion Author Dayton

Posts:10,359
Points:2,482,975
Joined:Apr 2006
Message Posted: Oct 25, 2013 7:23:39 AM

I am waiting for the 3-year low.
Profile Pic
Bill100
Champion Author Grand Rapids

Posts:45,785
Points:1,857,475
Joined:Jan 2010
Message Posted: Oct 25, 2013 5:25:01 AM

I am not seeing much change at all in diesel prices.
Profile Pic
gas_phil
Champion Author Sacramento

Posts:7,366
Points:809,230
Joined:Aug 2012
Message Posted: Oct 25, 2013 2:24:40 AM

everybody... find ways to use 10% less and we can make it go down faster!
Profile Pic
evpark
Champion Author Chicago

Posts:3,290
Points:1,330,855
Joined:Apr 2011
Message Posted: Oct 25, 2013 1:30:23 AM

I would like to see gas roll all the way back to where it was the day that Obama took office.
Profile Pic
OuttaOfGAS
Champion Author Illinois

Posts:2,628
Points:812,710
Joined:Dec 2012
Message Posted: Oct 25, 2013 1:29:44 AM

It would be nice to see UNDER $2!!
Profile Pic
72_Monte
Champion Author Twin Cities

Posts:10,876
Points:2,735,715
Joined:Aug 2005
Message Posted: Oct 25, 2013 1:28:56 AM


Like to see that $3 mark broken.
Profile Pic
Darwin00
Champion Author Mississippi

Posts:1,956
Points:912,375
Joined:Dec 2010
Message Posted: Oct 25, 2013 1:28:33 AM

Keep dropping!
Profile Pic
SnagaDeal
Champion Author Wisconsin

Posts:3,102
Points:2,594,850
Joined:Jan 2007
Message Posted: Oct 25, 2013 1:26:54 AM

I'd like it to be at a 55 year low and less than a buck a gallon.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,822
Points:1,269,720
Joined:Nov 2011
Message Posted: Oct 25, 2013 1:26:41 AM

It's so interesting to read a news article directly related to gasoline prices in the GasBuddy forum.
Profile Pic
REVLAW
Champion Author San Antonio

Posts:13,564
Points:2,749,225
Joined:Jul 2007
Message Posted: Oct 25, 2013 1:22:44 AM

Wishful thinking. Note the average remains above the $3 level.
Profile Pic
falcons
Champion Author North Dakota

Posts:13,854
Points:3,101,745
Joined:Dec 2004
Message Posted: Oct 25, 2013 1:22:01 AM

They need to drop much lower.
Profile Pic
PetroScopper
Champion Author Houston

Posts:9,679
Points:2,287,195
Joined:Aug 2008
Message Posted: Oct 25, 2013 1:21:07 AM

The world market is responsible for gouging us. It speculators gambling on the future prices... sometimes, maybe even a catastrophe.
Profile Pic
albiek1976
Champion Author Ohio

Posts:1,680
Points:1,215,635
Joined:Sep 2001
Message Posted: Oct 25, 2013 1:19:34 AM

They need to drop much lower, and quickly!!
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:9,885
Points:2,370,765
Joined:Nov 2005
Message Posted: Oct 25, 2013 1:19:29 AM

I will believe it when I see it.
Profile Pic
williamcabot
Champion Author San Diego

Posts:5,416
Points:1,054,075
Joined:Mar 2010
Message Posted: Oct 25, 2013 1:18:15 AM

Another reason to raise gasoline prices.
Profile Pic
bodoj
Veteran Author Vancouver

Posts:357
Points:831,610
Joined:Jan 2012
Message Posted: Oct 25, 2013 1:16:24 AM

Interesting
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:7,426
Points:1,639,160
Joined:Aug 2010
Message Posted: Oct 25, 2013 1:13:11 AM

i still maintain $2 a gallon should be tha price, and still there would be profits.
Profile Pic
Buddy2264
Champion Author Tampa

Posts:14,826
Points:3,102,620
Joined:Oct 2005
Message Posted: Oct 25, 2013 1:09:44 AM

I saw $2.99 at a Shell station on a morning but returning in the afternoon the prices was back up. I am guessing we will see that again soon.
Profile Pic
Jmac2008
Champion Author Missouri

Posts:4,564
Points:1,470,970
Joined:Dec 2008
Message Posted: Oct 25, 2013 1:09:30 AM

and that is still a lot higher than it should be, the oil companies have been gouging us for years.
Profile Pic
rap12MA
Champion Author Boston

Posts:3,023
Points:774,525
Joined:Mar 2012
Message Posted: Oct 25, 2013 1:08:38 AM

As volatile as the oil market is, it wouldn't take much for this trend to end.
Profile Pic
huey715
Champion Author Texas

Posts:1,009
Points:798,710
Joined:Aug 2012
Message Posted: Oct 25, 2013 1:08:30 AM

Not enough my health is going up more the 2 times
Profile Pic
daviscw1117
Champion Author Pensacola

Posts:1,999
Points:597,535
Joined:May 2012
Message Posted: Oct 25, 2013 1:08:17 AM

down to 3.19 in NW Florida
Profile Pic
Ron77095
Champion Author Houston

Posts:6,161
Points:1,345,325
Joined:Sep 2011
Message Posted: Oct 25, 2013 1:06:53 AM

Really?
Profile Pic
SteelPenny
Champion Author Dallas

Posts:38,108
Points:3,346,390
Joined:Sep 2005
Message Posted: Oct 25, 2013 1:06:43 AM

Let's go for a 40 year low.
Profile Pic
Asbury09
Champion Author Iowa

Posts:10,313
Points:2,272,955
Joined:Jan 2009
Message Posted: Oct 25, 2013 1:06:07 AM

as usual the highest prices in Iowa are in the Northeast
Profile Pic
Dolfankai
Champion Author Miami

Posts:1,289
Points:370,605
Joined:Jul 2013
Message Posted: Oct 25, 2013 1:04:21 AM

The prices seem to have stalled in this area. I don't see it going any lower.
Profile Pic
camel1
Champion Author Minnesota

Posts:11,323
Points:2,995,715
Joined:Jul 2006
Message Posted: Oct 25, 2013 1:01:06 AM

finally
Profile Pic
Kawibiker
Champion Author Illinois

Posts:1,924
Points:363,835
Joined:May 2012
Message Posted: Oct 25, 2013 12:58:13 AM

Lets hope so and more.. I mean.. even less... economy is still weak.. the lower gas goes, the more people will spend to travel and on other stuff helping to rebuild the economy..
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,762
Points:1,917,635
Joined:Sep 2005
Message Posted: Oct 25, 2013 12:58:01 AM

Well that jinxed it
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:12,674
Points:3,071,310
Joined:Mar 2006
Message Posted: Oct 25, 2013 12:57:16 AM

Good news
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,958
Points:1,616,845
Joined:Jun 2005
Message Posted: Oct 25, 2013 12:56:56 AM

There is no floor.
Profile Pic
badharley
Champion Author Tampa

Posts:2,830
Points:1,119,415
Joined:Jul 2010
Message Posted: Oct 25, 2013 12:55:36 AM

Gotta see it.
Profile Pic
GAS1251
Champion Author Texas

Posts:8,262
Points:2,368,755
Joined:Jun 2008
Message Posted: Oct 25, 2013 12:53:31 AM

We're close right now, but can't let it slip back up.
Profile Pic
pyndasky
Champion Author Maryland

Posts:13,227
Points:2,523,005
Joined:May 2008
Message Posted: Oct 25, 2013 12:51:40 AM

of course this assumes the theory of supply and demand actually applies.... unfortunately, that has not been the case, as pure unadulterated greed trumps all!!!
Profile Pic
NedW
Champion Author Indianapolis

Posts:8,079
Points:1,719,690
Joined:Mar 2008
Message Posted: Oct 25, 2013 12:51:16 AM

Thank you for submitting this article, NOTSOGRN.
Profile Pic
cifuentesab
Champion Author Sacramento

Posts:3,500
Points:1,234,345
Joined:Jul 2011
Message Posted: Oct 25, 2013 12:51:00 AM

not here
Profile Pic
XeniaBilliards
Champion Author Dayton

Posts:2,580
Points:1,887,140
Joined:Mar 2008
Message Posted: Oct 25, 2013 12:50:49 AM

Bull, prices will be back up next week.
Profile Pic
gasmack
Champion Author Ventura

Posts:3,922
Points:1,349,175
Joined:Feb 2011
Message Posted: Oct 25, 2013 12:50:15 AM

Having a hard time waiting here on the central left coast.
Profile Pic
probedude2
Champion Author Akron

Posts:15,661
Points:3,120,830
Joined:Jun 2003
Message Posted: Oct 25, 2013 12:49:49 AM

except in the Midwest
Profile Pic
monarch57
Champion Author British Columbia

Posts:2,398
Points:252,710
Joined:Nov 2008
Message Posted: Oct 25, 2013 12:47:37 AM

Good, it,s about time. We need canadian gas prices below a dollar a liter.
Profile Pic
RogerB
Champion Author Indianapolis

Posts:21,321
Points:3,351,055
Joined:Dec 2005
Message Posted: Oct 25, 2013 12:45:42 AM



- Very Interesting . . . .




                     √    


Profile Pic
THZebra
Champion Author Indiana

Posts:2,997
Points:902,010
Joined:Nov 2008
Message Posted: Oct 25, 2013 12:44:28 AM

Well...here we go again. The prognosticators attempting to earn their pay. Later today there will, not surprisingly, be a story telling us we should prepare for $5 a gal gas.

All the predictions go out the window as soon as some nut in the middle east goes crazier or obama decides it's time to blow something up over there.

[Edited by: THZebra at 10/25/2013 12:45:02 AM EST]
Profile Pic
shephle
Champion Author North Carolina

Posts:1,030
Points:332,930
Joined:Dec 2012
Message Posted: Oct 25, 2013 12:44:16 AM

Keep falling
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:6,053
Points:1,548,845
Joined:Sep 2009
Message Posted: Oct 25, 2013 12:44:15 AM

we need it as low as possible considering how high and lon it went
Profile Pic
DrZNY
Champion Author Albany

Posts:4,900
Points:1,287,135
Joined:Jan 2009
Message Posted: Oct 25, 2013 12:42:19 AM

We need to reach $2 a gallon!
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:4,049
Points:1,138,655
Joined:Jan 2012
Message Posted: Oct 25, 2013 12:41:41 AM

Not Here.
Profile Pic
MaxCO2
All-Star Author Washington

Posts:698
Points:243,625
Joined:Mar 2011
Message Posted: Oct 25, 2013 12:38:52 AM

Robert44? You should put away the tequila and smoke a bowl. Calm your ass down, man.
Profile Pic
BMWer
Champion Author Calgary

Posts:4,771
Points:2,388,145
Joined:Dec 2003
Message Posted: Oct 25, 2013 12:38:35 AM

Get it below $3 per gallon
Post a reply Back to Topics