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GasBuddy News Article

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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...


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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
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 26, 2013 12:02:02 AM

ditto here, 032.
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032946
Champion Author Twin Cities

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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!
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zuess28
Champion Author Allentown

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Message Posted: Oct 25, 2013 7:35:40 AM

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

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Message Posted: Oct 25, 2013 7:23:39 AM

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

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Message Posted: Oct 25, 2013 5:25:01 AM

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

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Message Posted: Oct 25, 2013 2:24:40 AM

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

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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.
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OuttaOfGAS
Champion Author Illinois

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Message Posted: Oct 25, 2013 1:29:44 AM

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

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Message Posted: Oct 25, 2013 1:28:56 AM


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

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Message Posted: Oct 25, 2013 1:28:33 AM

Keep dropping!
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SnagaDeal
Champion Author Wisconsin

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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.
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KrsnaDragon
Champion Author Montreal

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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.
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REVLAW
Champion Author San Antonio

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Message Posted: Oct 25, 2013 1:22:44 AM

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

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Message Posted: Oct 25, 2013 1:22:01 AM

They need to drop much lower.
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PetroScopper
Champion Author Houston

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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.
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albiek1976
Champion Author Ohio

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Message Posted: Oct 25, 2013 1:19:34 AM

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

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Message Posted: Oct 25, 2013 1:19:29 AM

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

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Message Posted: Oct 25, 2013 1:18:15 AM

Another reason to raise gasoline prices.
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bodoj
Veteran Author Vancouver

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Message Posted: Oct 25, 2013 1:16:24 AM

Interesting
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heartbroken2010
Champion Author Ottawa

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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.
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Buddy2264
Champion Author Tampa

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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.
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Jmac2008
Champion Author Missouri

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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.
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rap12MA
Champion Author Boston

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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.
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huey715
Champion Author Texas

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Message Posted: Oct 25, 2013 1:08:30 AM

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

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Message Posted: Oct 25, 2013 1:08:17 AM

down to 3.19 in NW Florida
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Ron77095
Champion Author Houston

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Message Posted: Oct 25, 2013 1:06:53 AM

Really?
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SteelPenny
Champion Author Dallas

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Message Posted: Oct 25, 2013 1:06:43 AM

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

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Message Posted: Oct 25, 2013 1:06:07 AM

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

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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.
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camel1
Champion Author Minnesota

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Message Posted: Oct 25, 2013 1:01:06 AM

finally
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Kawibiker
Champion Author Illinois

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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..
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jtfftj
Champion Author New Hampshire

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Message Posted: Oct 25, 2013 12:58:01 AM

Well that jinxed it
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heysailor
Champion Author Pittsburgh

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Message Posted: Oct 25, 2013 12:57:16 AM

Good news
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jkpsr
Champion Author New Jersey

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Message Posted: Oct 25, 2013 12:56:56 AM

There is no floor.
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badharley
Champion Author Tampa

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Message Posted: Oct 25, 2013 12:55:36 AM

Gotta see it.
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GAS1251
Champion Author Texas

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Message Posted: Oct 25, 2013 12:53:31 AM

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

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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!!!
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NedW
Champion Author Indianapolis

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Message Posted: Oct 25, 2013 12:51:16 AM

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

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Message Posted: Oct 25, 2013 12:51:00 AM

not here
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XeniaBilliards
Champion Author Dayton

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Message Posted: Oct 25, 2013 12:50:49 AM

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

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Message Posted: Oct 25, 2013 12:50:15 AM

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

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Message Posted: Oct 25, 2013 12:49:49 AM

except in the Midwest
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monarch57
Champion Author British Columbia

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Message Posted: Oct 25, 2013 12:47:37 AM

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

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Message Posted: Oct 25, 2013 12:45:42 AM



- Very Interesting . . . .




                     √    


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THZebra
Champion Author Indiana

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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]
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shephle
Champion Author North Carolina

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Message Posted: Oct 25, 2013 12:44:16 AM

Keep falling
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mcmonsta
Champion Author Honolulu

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Message Posted: Oct 25, 2013 12:44:15 AM

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

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Message Posted: Oct 25, 2013 12:42:19 AM

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

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Message Posted: Oct 25, 2013 12:41:41 AM

Not Here.
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MaxCO2
All-Star Author Washington

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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.
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