Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:38 PM

GasBuddy News Article

44
votes
Follow up: seasonal decline in gas prices coming

GasBuddy Blog -- GasBuddy tries to be among the first to tell you everything. We told you in spring when we thought prices had peaked, and they had indeed done just that, so here we are trying to also give you a heads up: it appears the seasonal decline in gas prices is ready to hit.

Make no mistake, some areas have already seen nice declines in gasoline prices- mainly the Great Lakes, where wholesale gasoline prices are at their lowest since February, when average retail prices were in the $3.30s and $3.40s. If you're in Michigan, Indiana, Ohio, Illinois, Kentucky, or Wisconsin your prices have already started dropping and will continue through this week.

If you're along the West Coast, specifically California, you have my sympathy. Prices...


Read the Full Article

Submitted Oct 16, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Follow up: seasonal decline in gas prices coming Post a Reply Back to Topics
REPLIES (newest first)
Profile Pic
KAR120CSII
Champion Author Oregon

Posts:3,282
Points:641,755
Joined:Apr 2010
Message Posted: Oct 31, 2012 1:34:30 AM

Still in the $3.80s here.
Profile Pic
dcone2
Champion Author Los Angeles

Posts:1,065
Points:112,335
Joined:Jul 2012
Message Posted: Oct 30, 2012 10:13:14 PM

good
Profile Pic
gasokie
Champion Author Oklahoma

Posts:3,487
Points:1,347,530
Joined:May 2007
Message Posted: Oct 30, 2012 5:03:56 PM

It's happening. Paid $2.98 at the QT on I-44 in Tulsa today.
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,374
Points:776,930
Joined:Mar 2011
Message Posted: Oct 30, 2012 12:39:41 PM

its just not declining fast enough
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,168
Points:307,705
Joined:Apr 2011
Message Posted: Oct 30, 2012 10:58:59 AM

ok
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:2,524
Points:444,225
Joined:Jan 2010
Message Posted: Oct 29, 2012 10:05:59 PM

Hope so
Profile Pic
dcone2
Champion Author Los Angeles

Posts:1,065
Points:112,335
Joined:Jul 2012
Message Posted: Oct 28, 2012 11:21:38 PM

ok
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:2,646
Points:1,073,190
Joined:Oct 2008
Message Posted: Oct 28, 2012 8:43:51 PM

Ours went up 50 cents/gallon yesterday, thanks to Greedway.
Profile Pic
coffeebrake1015
Champion Author Florida

Posts:1,290
Points:300,010
Joined:May 2012
Message Posted: Oct 28, 2012 6:23:02 PM

no you make no mistake' it will hit and prices will come down. ELections are here and now is the time to vote. open up your eyes.
Profile Pic
GasHunter0007
Veteran Author California

Posts:289
Points:188,625
Joined:Oct 2012
Message Posted: Oct 28, 2012 1:04:55 PM

Not in California. We will always be up there along with HI and NY.
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:2,524
Points:444,225
Joined:Jan 2010
Message Posted: Oct 22, 2012 3:47:11 PM

They say it is.
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,374
Points:776,930
Joined:Mar 2011
Message Posted: Oct 21, 2012 9:56:08 PM

great
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,374
Points:776,930
Joined:Mar 2011
Message Posted: Oct 21, 2012 9:55:57 PM

great
Profile Pic
Vette1967
Champion Author Albany

Posts:6,107
Points:1,303,700
Joined:Jun 2009
Message Posted: Oct 21, 2012 2:43:21 PM

I can do one better then wait for a price drop...Just drive a little less.
Profile Pic
hhf
Rookie Author Ontario

Posts:4
Points:1,305
Joined:Oct 2012
Message Posted: Oct 20, 2012 12:14:49 PM

still way too high!
Profile Pic
Lobsters11
Rookie Author Sacramento

Posts:29
Points:16,075
Joined:Oct 2012
Message Posted: Oct 20, 2012 12:03:26 PM

There is no reason for gas prices to be so high. Its the greedy oil investors robbing us blind!
Profile Pic
TOOMUCH
Sophomore Author Toronto

Posts:192
Points:21,170
Joined:Jul 2003
Message Posted: Oct 20, 2012 11:56:56 AM

and about time too.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,828
Points:1,637,220
Joined:Nov 2008
Message Posted: Oct 19, 2012 11:01:59 PM

renb: 10 cents drop maybe, but there was the 60-70 cents jump UPwards before that.
Profile Pic
Mothus
Veteran Author Atlanta

Posts:421
Points:482,325
Joined:Oct 2011
Message Posted: Oct 19, 2012 11:50:05 AM

k
Profile Pic
renbutler
Champion Author Indianapolis

Posts:1,158
Points:147,670
Joined:Dec 2004
Message Posted: Oct 19, 2012 9:53:02 AM

People, come on. Just look at the price charts. Prices nationally have dipped almost ten cents in the past week:

http://66.70.86.64/ChartServer/ch.gaschart?Country=Canada&Crude=f&Period=1&Areas=USA%20Average,,&Unit=US%20$/G

Just because it isn't happening down the street from your house, it doesn't mean it isn't happening. Think macro, not micro.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,828
Points:1,637,220
Joined:Nov 2008
Message Posted: Oct 19, 2012 4:45:03 AM

yea... the question is WHEN will the drop happen...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,828
Points:1,637,220
Joined:Nov 2008
Message Posted: Oct 19, 2012 4:44:46 AM

CW: only as accurate as the human predicting it.
Profile Pic
jcurley
Champion Author California

Posts:8,018
Points:1,801,520
Joined:Dec 2007
Message Posted: Oct 18, 2012 6:41:27 PM

well, we're waiting.
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,374
Points:776,930
Joined:Mar 2011
Message Posted: Oct 18, 2012 3:51:33 PM

hope so
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,014
Points:503,845
Joined:Feb 2008
Message Posted: Oct 18, 2012 1:21:03 PM

I paid $3.79 last night, prices were supposed to drop a month and a half ago, WTH
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,828
Points:1,637,220
Joined:Nov 2008
Message Posted: Oct 18, 2012 4:56:16 AM

nice prices. In the mid-3.60 here...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,828
Points:1,637,220
Joined:Nov 2008
Message Posted: Oct 18, 2012 4:55:28 AM

seen finally a drop of 6 cents... that's 60 up and 6 down. Hmmm...
Profile Pic
gknee09
Champion Author Philadelphia

Posts:1,001
Points:844,610
Joined:Jul 2009
Message Posted: Oct 17, 2012 7:36:02 PM

yeah!!!
Profile Pic
lesandliz
Sophomore Author New Orleans

Posts:190
Points:366,475
Joined:Aug 2011
Message Posted: Oct 17, 2012 4:40:48 PM

Every penny counts...
Profile Pic
livedream
Champion Author Michigan

Posts:3,845
Points:782,010
Joined:Mar 2011
Message Posted: Oct 17, 2012 4:16:09 PM

Prices in my area of West Michigan have dropped to the $3.60 range, and so far continue to drop, penny by penny.

We'll see if this welcome trend continues.....
Profile Pic
Billbop
Champion Author St. Louis

Posts:2,787
Points:1,458,215
Joined:Jun 2004
Message Posted: Oct 17, 2012 4:07:25 PM

Dropped .13 here in the last 8 days but wait, someones uncles, cousins, maid heard that something may happen in Spain that affects the price of tomatoes completely throwing the oil market into a tizzy. It's a good as their excuses.
Profile Pic
menagerie1013
Champion Author San Diego

Posts:2,365
Points:711,190
Joined:Apr 2011
Message Posted: Oct 17, 2012 3:41:20 PM

Is going down a little. Bigger price reductions are needed.
Profile Pic
99church
Champion Author Indiana

Posts:1,962
Points:389,740
Joined:Oct 2011
Message Posted: Oct 17, 2012 3:31:54 PM

I live in northern Indiana, and when i left town yesterday i filled up for $3.59, I was going to Cincinatti, saw prices on the way there from $3.39 to $3.89 for regular gas
Profile Pic
SUV2009
Champion Author Orlando

Posts:4,488
Points:1,165,240
Joined:Oct 2009
Message Posted: Oct 17, 2012 3:15:53 PM

oKAY
Profile Pic
SkooterG
Champion Author Phoenix

Posts:1,369
Points:344,185
Joined:May 2012
Message Posted: Oct 17, 2012 3:11:29 PM

Won't happen soon enough!
Profile Pic
Point__man
Champion Author Raleigh

Posts:4,477
Points:905,395
Joined:Oct 2010
Message Posted: Oct 17, 2012 3:11:11 PM

here the high priced stations have been stuck at 3.99 for months; while some others dropped a little. Betting prices change course before the drop reaches us.
Profile Pic
sydb7
Champion Author Atlanta

Posts:3,657
Points:1,941,890
Joined:Mar 2003
Message Posted: Oct 17, 2012 3:10:23 PM

Actually going up in Atlanta!
Profile Pic
boldrph
Champion Author Topeka

Posts:18,535
Points:3,479,340
Joined:Oct 2002
Message Posted: Oct 17, 2012 2:33:21 PM

down 30c in 30 days
Profile Pic
07skydriver
Champion Author Ohio

Posts:3,379
Points:1,010,280
Joined:Feb 2009
Message Posted: Oct 17, 2012 2:13:28 PM

Toledo area is having a nice little gas war.
$3.09 is the low right now.
Profile Pic
IMLURCH
Champion Author Minnesota

Posts:2,324
Points:1,130,880
Joined:Mar 2009
Message Posted: Oct 17, 2012 1:44:44 PM

can't happen soon or fast enough
Profile Pic
caddilac
Champion Author Ontario

Posts:16,754
Points:2,167,405
Joined:Apr 2007
Message Posted: Oct 17, 2012 1:37:16 PM


I;ll believe it when I see it happen.
Profile Pic
Busymomma56
Sophomore Author Utah

Posts:224
Points:52,120
Joined:Mar 2012
Message Posted: Oct 17, 2012 1:32:53 PM

ok already....do it!
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,014
Points:503,845
Joined:Feb 2008
Message Posted: Oct 17, 2012 1:31:28 PM

We've been waiting for six weeks
Profile Pic
zeeflyers
All-Star Author Pittsburgh

Posts:713
Points:230,655
Joined:Feb 2012
Message Posted: Oct 17, 2012 1:30:32 PM

We'll see
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:4,959
Points:1,392,930
Joined:Nov 2008
Message Posted: Oct 17, 2012 1:30:11 PM

This is old news, but it is proving GasBuddy wrong, at least so far as Southern California is concerned. Gas prices here have dropped on an average of 30 cents per gallon in the past 11 days. In many stations, we are below $4.50 per gallon now, and one is at $3.99.
Profile Pic
McMutt
Champion Author Ontario

Posts:2,221
Points:1,334,155
Joined:Nov 2007
Message Posted: Oct 17, 2012 1:28:54 PM

Another cycle.
Profile Pic
zeitgeist669
Rookie Author Knoxville

Posts:36
Points:429,620
Joined:Jul 2008
Message Posted: Oct 17, 2012 1:28:49 PM

I'll believe it when I see it.
Profile Pic
yakstar
Champion Author Montreal

Posts:2,555
Points:507,225
Joined:Jan 2012
Message Posted: Oct 17, 2012 1:24:47 PM

whatever...
Profile Pic
grammamNV
Champion Author Nevada

Posts:2,335
Points:372,425
Joined:Mar 2011
Message Posted: Oct 17, 2012 1:19:44 PM

down, down, down - when?
Profile Pic
gas_too_high
Champion Author Columbus

Posts:11,686
Points:1,960,165
Joined:Aug 2005
Message Posted: Oct 17, 2012 1:18:56 PM

The seasonal slide, rumored since at least July, is now upon us -- finally.

However:

"Make no mistake, some areas have already seen nice declines in gasoline prices- mainly the Great Lakes, where wholesale gasoline prices are at their lowest since February..."

I can guarantee that *retail* gas prices are still mcuh higher than February, when they were in the 2.90s. The *lowest* in town right now is $3.29.

Prices are dropping, but they are not cheap -- not as long as they stay above $3/gallon.

GTH
Post a reply Back to Topics