Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:27 AM

GasBuddy News Article

56
votes
Drops in national average likely to ebb, may level off or rise

GasBuddy Blog -- The national average has come down a long way in the last month, but the good news may end there: it's likely that the decreases begin fizzling, and in some areas, increases may be on the horizon.

Since October 12, one month ago, the national average has shed 33c/gal, falling today to an average of $3.46, just two cents away from where it was a year ago. Last year, however, the national average continued decreasing until Christmas, when it bottomed out at $3.231/gal. For that to happen this year, prices would need to shed another 23c/gal, something that just at this point doesn't seem so feasible anymore.

While I had forecast that the national average could drop to $3.35/gal by Thanksgiving, I'm beginning to wonder if it...


Read the Full Article

Submitted Nov 12, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Drops in national average likely to ebb, may level off or rise Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,237
Points:2,069,190
Joined:Nov 2008
Message Posted: Nov 19, 2012 5:53:42 AM

well, Kar, I guess it depends on how the wind blows? LOL
Profile Pic
KAR120CSII
Champion Author Oregon

Posts:4,999
Points:971,405
Joined:Apr 2010
Message Posted: Nov 18, 2012 9:23:40 PM

Which is it? Still too high at $3.50.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,237
Points:2,069,190
Joined:Nov 2008
Message Posted: Nov 18, 2012 7:24:11 AM

on the rise again.. .went to 3.28 avg. here, now up to 3.30+ again.
Profile Pic
99dakota
Champion Author Providence

Posts:10,348
Points:2,628,060
Joined:Oct 2006
Message Posted: Nov 18, 2012 12:02:50 AM

hope it keeps dropping, but not likely...
Profile Pic
Delta258
Sophomore Author Fresno

Posts:106
Points:21,110
Joined:Jun 2011
Message Posted: Nov 17, 2012 1:59:06 AM

not dropping fast enough
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,237
Points:2,069,190
Joined:Nov 2008
Message Posted: Nov 17, 2012 12:07:45 AM

diesel is on the upswing... get ready for some BOHICA.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,237
Points:2,069,190
Joined:Nov 2008
Message Posted: Nov 16, 2012 6:02:33 AM

going up already again...
Profile Pic
KAR120CSII
Champion Author Oregon

Posts:4,999
Points:971,405
Joined:Apr 2010
Message Posted: Nov 14, 2012 2:06:14 AM

Leveling here at about $3.50.

[Edited by: KAR120CSII at 11/14/2012 2:07:06 AM EST]
Profile Pic
EdWoods
Champion Author Maryland

Posts:1,614
Points:310,080
Joined:Aug 2012
Message Posted: Nov 13, 2012 9:34:56 PM

$2.99??..... What this nation needs for economic recovery is $0.99 Gas. Of course, since the Head Environut has been re-elected, that won't happen....
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,425
Points:857,115
Joined:Feb 2008
Message Posted: Nov 13, 2012 5:15:36 PM

Bottom line is we have no clue, it could do anything.
Profile Pic
WalRus49
Champion Author Boston

Posts:6,301
Points:1,326,965
Joined:Nov 2010
Message Posted: Nov 13, 2012 8:25:55 AM

More organized mayhem and pillage............................
Profile Pic
Bearcat500
Champion Author Cincinnati

Posts:11,515
Points:1,986,595
Joined:Nov 2005
Message Posted: Nov 13, 2012 7:27:48 AM

Speedway here is making sure the Thankgiving traveller will have to bend over here before they fill their vehicle. Now it is now up to $3.59. They still have a week and a half to go. $4.00 a gallon by Thanksgiving? I wouldn't put it past these robber barons.
Profile Pic
GLM4205
Champion Author Toledo

Posts:5,984
Points:1,209,440
Joined:Dec 2010
Message Posted: Nov 13, 2012 7:08:07 AM

what gas prices going down where???? It went up to 3.59 here from 3.38/gal.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,109
Points:2,684,490
Joined:Oct 2005
Message Posted: Nov 13, 2012 6:19:52 AM

Economic recovery needs lower energy prices.
Profile Pic
Aserdaten
Champion Author Florida

Posts:4,651
Points:2,473,580
Joined:Apr 2006
Message Posted: Nov 13, 2012 6:11:42 AM

I guess we're fortunate at this time to see prices in Central Florida that are well below the national average. Regarding that $3.23 by Christmas, several places in the Tampa Bay area are already cheaper than that. And don't be giving Big Oil any ideas by predicting a price rebound in the near future!
Profile Pic
TigerRose
Champion Author Illinois

Posts:16,764
Points:3,204,540
Joined:Mar 2004
Message Posted: Nov 13, 2012 6:08:34 AM

Took advantage of a Veteran's Day
Special [local only - don't expect this
everywhere] at the USA gas station in town.

Filled my tank, to the tune of only
$3.09 per gallon, regular.

My muscle car, (& my pocketbook, too)
will be happy for a long time.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,039
Points:2,107,605
Joined:Mar 2008
Message Posted: Nov 13, 2012 6:06:19 AM

Fill 'er up now. Oops... too late.
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Nov 13, 2012 6:03:12 AM

leave it to the pessimistics of the world to create chaos
Profile Pic
jobo74
Champion Author Ontario

Posts:2,000
Points:1,163,895
Joined:May 2010
Message Posted: Nov 13, 2012 6:00:57 AM

great more non supply and demand type activity!
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,319
Points:826,795
Joined:Feb 2012
Message Posted: Nov 13, 2012 5:59:48 AM

Keep dropping
Profile Pic
Bill100
Champion Author Grand Rapids

Posts:44,845
Points:1,608,695
Joined:Jan 2010
Message Posted: Nov 13, 2012 5:59:24 AM

May rise? $3.41 to 3.69 yesterday. Not may rise. Did rise. No doubt and no maybe about it.
Profile Pic
throttle
Champion Author Maryland

Posts:11,982
Points:2,464,695
Joined:Jul 2004
Message Posted: Nov 13, 2012 5:57:16 AM

I never saw much of a drop.
Profile Pic
oas
Champion Author Maryland

Posts:6,411
Points:2,599,515
Joined:Feb 2005
Message Posted: Nov 13, 2012 5:55:59 AM

It's good to see prices down some, but they should be (at least) below $3.00
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,280
Points:2,693,550
Joined:Jun 2005
Message Posted: Nov 13, 2012 5:55:54 AM

Talk about a waffelly prediction! It may go up, down, or stay the same. Gee, any other possibilities?
Profile Pic
WaWanderer
Champion Author Washington

Posts:8,708
Points:1,043,600
Joined:Oct 2011
Message Posted: Nov 13, 2012 5:55:20 AM

Old news
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,041
Points:846,660
Joined:Jun 2005
Message Posted: Nov 13, 2012 5:55:16 AM

"may rise" ... I would bet on it!!!
Profile Pic
ILVET
Champion Author Illinois

Posts:17,049
Points:3,382,190
Joined:Jan 2005
Message Posted: Nov 13, 2012 5:52:54 AM

We did get a little relief
Profile Pic
roland1971
Champion Author Virginia

Posts:3,546
Points:781,390
Joined:Mar 2012
Message Posted: Nov 13, 2012 5:51:53 AM

Ok
Profile Pic
slgas
Champion Author Houston

Posts:8,245
Points:2,020,640
Joined:Oct 2008
Message Posted: Nov 13, 2012 5:51:02 AM

I'm happy to find it readily available at $2.93 here.
Profile Pic
Gellin
Champion Author Michigan

Posts:11,940
Points:3,198,555
Joined:Apr 2005
Message Posted: Nov 13, 2012 5:50:58 AM

Greedway just jacked it up 30+ cents here and all the other lemmings followed.
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,039
Points:2,071,330
Joined:Aug 2008
Message Posted: Nov 13, 2012 5:49:37 AM

up 40 cents here...awesome
Profile Pic
SavingInNC
Champion Author North Carolina

Posts:7,428
Points:1,500,040
Joined:Oct 2006
Message Posted: Nov 13, 2012 5:49:15 AM

It needs to go down another $1.50.
Profile Pic
madison8359
Champion Author Cleveland

Posts:14,718
Points:2,051,155
Joined:Apr 2008
Message Posted: Nov 13, 2012 5:48:31 AM

Already moving up here.
Profile Pic
jeff95519
Champion Author California

Posts:4,567
Points:1,810,215
Joined:Sep 2008
Message Posted: Nov 13, 2012 5:46:50 AM

will see
Profile Pic
4bobux
Champion Author Peoria

Posts:3,369
Points:791,135
Joined:Mar 2012
Message Posted: Nov 13, 2012 5:46:49 AM

no, really?
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,617
Points:1,359,135
Joined:Sep 2008
Message Posted: Nov 13, 2012 5:46:23 AM

May rise? Well of course it will. Have you ever seen prices go down and stay?
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,519
Points:701,820
Joined:Aug 2012
Message Posted: Nov 13, 2012 5:46:22 AM

OK
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,351
Points:1,080,705
Joined:Oct 2010
Message Posted: Nov 13, 2012 5:46:07 AM

ok
Profile Pic
kirzon484
Champion Author Atlanta

Posts:3,971
Points:882,795
Joined:Jun 2011
Message Posted: Nov 13, 2012 5:45:11 AM

hmmmm
Profile Pic
isem
Champion Author Missouri

Posts:4,104
Points:881,590
Joined:Feb 2012
Message Posted: Nov 13, 2012 5:45:05 AM

Déjà vu
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,545
Points:986,515
Joined:Nov 2011
Message Posted: Nov 13, 2012 5:42:58 AM

Interesting.
Profile Pic
TxMtb
Champion Author Ohio

Posts:3,604
Points:792,355
Joined:Feb 2012
Message Posted: Nov 13, 2012 5:42:02 AM

And it jumped .25 yesterday, wrong direction.
Profile Pic
tc316
Champion Author Twin Cities

Posts:12,882
Points:2,171,555
Joined:Apr 2007
Message Posted: Nov 13, 2012 5:40:31 AM

Old
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,519
Points:701,820
Joined:Aug 2012
Message Posted: Nov 13, 2012 5:39:20 AM

It needs to keep dropping.
Profile Pic
RichWLIN
Champion Author Indiana

Posts:6,937
Points:1,097,805
Joined:Jun 2011
Message Posted: Nov 13, 2012 5:39:18 AM

Always more speculation.
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,352
Points:2,139,975
Joined:Nov 2007
Message Posted: Nov 13, 2012 5:39:00 AM

Speculation will bring up prices again
Profile Pic
mberg
Champion Author Houston

Posts:6,005
Points:1,414,360
Joined:Aug 2010
Message Posted: Nov 13, 2012 5:37:45 AM

Have been below $3 locally for several weeks now.
Profile Pic
ystr
Champion Author New Jersey

Posts:3,903
Points:807,475
Joined:Apr 2012
Message Posted: Nov 13, 2012 5:35:57 AM

It is about time.
Profile Pic
Maintroll
Champion Author Lexington

Posts:10,806
Points:2,162,435
Joined:Aug 2008
Message Posted: Nov 13, 2012 5:33:11 AM

At $3.55 plus per gallon it is still over $1.00 per gallon too high.
Profile Pic
Pozole
Champion Author Portland

Posts:14,234
Points:2,053,845
Joined:Mar 2005
Message Posted: Nov 13, 2012 5:32:16 AM

...it never lasts, does it ?...
Post a reply Back to Topics