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Gas prices appear poised to fall

GasBuddy Blog -- Finally. Gasoline prices look like they'll begin declining (in some areas) and continue their descent (in others). The Great Lakes states may see some of the biggest declines after wholesale gasoline prices dropped off last week to their lowest since late June. In fact, some areas of the Great Lakes could see prices fall to the low-to-mid $3/gal range over the next week, which would be their lowest prices since June.

Over the next week, the national average may decline close to double digits per gallon, between 5-12c/gal if all goes smoothly (let's hope it does). As the peak season for gasoline consumption has passed, we're also seeing some speculative money exit, according to CFTC data. On the flip side, money was beginning to flow...

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Submitted Oct 15, 2012 By: PD

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Lakepirate13 Veteran Author New York Posts:316 Points:47,250 Joined:Jan 2013	Message Posted: Jan 29, 2013 1:19:08 PM Ignore Lakepirate13 Report Abuse There is no real reason for price increases looking at the map prices are the highest were the most intelligent people live.
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Jan 13, 2013 12:04:36 AM Ignore Vette1967 Report Abuse Some stations are raising their prices.
Mr1lung All-Star Author Phoenix Posts:944 Points:187,850 Joined:Nov 2012	Message Posted: Jan 12, 2013 4:09:49 PM Ignore Mr1lung Report Abuse NO
gasandgoAL Champion Author Alabama Posts:7,293 Points:1,617,365 Joined:Sep 2008	Message Posted: Jan 12, 2013 5:07:55 AM Ignore gasandgoAL Report Abuse gas goes up 10 cents and then down 4-6 cents
musicreporter All-Star Author San Antonio Posts:715 Points:158,485 Joined:Dec 2012	Message Posted: Jan 12, 2013 12:06:56 AM Ignore musicreporter Report Abuse much anticipated
mfgendron All-Star Author New York Posts:750 Points:323,605 Joined:Sep 2008	Message Posted: Jan 11, 2013 11:25:15 AM Ignore mfgendron Report Abuse Dropping? LOL....yeah right...they are going UP.
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Jan 11, 2013 10:57:01 AM Ignore RapMassaG Report Abuse LOL. Ours went up 40 cents, 2 days ago. Dream on.
gasokie Champion Author Oklahoma Posts:3,487 Points:1,347,530 Joined:May 2007	Message Posted: Jan 11, 2013 9:06:18 AM Ignore gasokie Report Abuse These posts live forever.
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Jan 11, 2013 3:34:13 AM Ignore jwalkerh Report Abuse I hope so but it probably won't happen...
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Jan 10, 2013 8:36:04 PM Ignore Gas4Gore Report Abuse I do not think so.
TravisTuxy Sophomore Author Louisville Posts:137 Points:300,650 Joined:Feb 2012	Message Posted: Jan 6, 2013 11:02:09 PM Ignore TravisTuxy Report Abuse Only problem is that crude futures are around $93/barrel and they should be under $90 to expect some real price drops. Sorry!
prassu2012 All-Star Author Illinois Posts:815 Points:176,375 Joined:Dec 2012	Message Posted: Jan 6, 2013 10:48:30 PM Ignore prassu2012 Report Abuse yes
benjy Champion Author Chicago Posts:8,706 Points:1,815,070 Joined:Nov 2003	Message Posted: Nov 15, 2012 9:20:53 PM Ignore benjy Report Abuse $3.63 in Chi-Town
CapriceWagon Champion Author Washington Posts:1,014 Points:503,845 Joined:Feb 2008	Message Posted: Nov 13, 2012 4:14:43 PM Ignore CapriceWagon Report Abuse $3.50 here
wayne2nd Rookie Author Champaign Posts:13 Points:27,185 Joined:Feb 2012	Message Posted: Nov 12, 2012 10:18:56 AM Ignore wayne2nd Report Abuse Can we get under 3 dollars?
DesertRat2011 Champion Author Riverside Posts:3,761 Points:511,680 Joined:Jun 2011	Message Posted: Oct 30, 2012 10:58:46 AM Ignore DesertRat2011 Report Abuse I think Sandy will have a big bearing on what prices do for the next couple of weeks.
lazydoggs3 Veteran Author Fresno Posts:262 Points:31,265 Joined:Aug 2008	Message Posted: Oct 29, 2012 3:02:59 PM Ignore lazydoggs3 Report Abuse Hope Sandy dosent come & play with our gas prices on the west coast
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Oct 29, 2012 2:38:34 PM Ignore Vette1967 Report Abuse Here in the Northeast...it's all up to Sandy.
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Oct 28, 2012 11:48:38 AM Ignore Gas4Gore Report Abuse Hopefully
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Oct 27, 2012 10:51:45 AM Ignore RapMassaG Report Abuse Ours jumped as much as 50 cents today. Greedway leading the charge to $3.459.
dcone2 Champion Author Los Angeles Posts:1,065 Points:112,335 Joined:Jul 2012	Message Posted: Oct 26, 2012 11:23:58 PM Ignore dcone2 Report Abuse ok
99dakota Champion Author Providence Posts:8,255 Points:2,200,100 Joined:Oct 2006	Message Posted: Oct 26, 2012 5:11:00 AM Ignore 99dakota Report Abuse Just in time for the election! In the hope voters have short memories?
jetskijerry Champion Author North Carolina Posts:4,036 Points:799,970 Joined:Mar 2011	Message Posted: Oct 24, 2012 11:03:22 PM Ignore jetskijerry Report Abuse Until they rise again.
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Oct 24, 2012 11:02:33 PM Ignore Vette1967 Report Abuse ok
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Oct 24, 2012 10:57:04 PM Ignore Vette1967 Report Abuse Falling a couple of times today.
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,930 Joined:Mar 2011	Message Posted: Oct 22, 2012 4:38:40 PM Ignore clpassenubye Report Abuse about time
dockersbin Veteran Author Virginia Beach Posts:407 Points:279,135 Joined:May 2006	Message Posted: Oct 19, 2012 10:35:39 AM Ignore dockersbin Report Abuse MAybe if everyone would quit trying to predict. Funny how everyone hass become a weatherman - try to predict what is going to happen but does nothing if they are wrong. :) Happy Friday!
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Oct 18, 2012 9:47:12 PM Ignore Vette1967 Report Abuse Yawn...Zzzzzzz.
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Oct 17, 2012 6:02:05 PM Ignore Chris46 Report Abuse Poised to fall? The proverbial bottom has fell out if it in Dayton. $3.21
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,930 Joined:Mar 2011	Message Posted: Oct 16, 2012 6:27:36 PM Ignore clpassenubye Report Abuse I'm waiting for it to fall.
dcone2 Champion Author Los Angeles Posts:1,065 Points:112,335 Joined:Jul 2012	Message Posted: Oct 16, 2012 5:33:56 PM Ignore dcone2 Report Abuse ok
Gmsclecarparts All-Star Author Oklahoma City Posts:707 Points:123,195 Joined:Jun 2007	Message Posted: Oct 16, 2012 3:08:55 PM Ignore Gmsclecarparts Report Abuse poised? gas prices have been dropping here the last 2 weeks. Only diesel has gone up :( This morning locally, e10 junk gas was as low as 3.18 a gal. In my vehicles that'a a PGME (poor gas mileage equivalent) of 3.45 a gallon. Luckily, have a choice & I filled up at $3.25 a gal 100% Pure Gasoline. That will have to work, hoping for more price drops.
listerone Champion Author Boston Posts:3,490 Points:904,490 Joined:Aug 2008	Message Posted: Oct 16, 2012 1:44:27 PM Ignore listerone Report Abuse This announcement courtesy of Obama/Biden 2012.
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Oct 16, 2012 12:11:21 PM Ignore RapMassaG Report Abuse Chicago spot wholesale down to $2.38 right now. GREEDway states should be seeing retail at around $3. Currently GREEDway states are between $3.55 and $3.75 on average. Come on GREEDway. We're waiting.....
bston Champion Author Oklahoma City Posts:1,955 Points:669,990 Joined:Mar 2011	Message Posted: Oct 16, 2012 12:09:54 PM Ignore bston Report Abuse Some prices are lower here, but I don't trust they'll last long!
gas4433 Champion Author Houston Posts:2,419 Points:569,750 Joined:Sep 2011	Message Posted: Oct 16, 2012 11:39:31 AM Ignore gas4433 Report Abuse Ok
Grizdad Champion Author San Bernardino Posts:5,687 Points:806,230 Joined:Oct 2010	Message Posted: Oct 16, 2012 10:49:35 AM Ignore Grizdad Report Abuse Ya right. Not here in the land of fruits and nuts...
doctorindyj Champion Author Santa Fe Posts:3,543 Points:865,285 Joined:Nov 2009	Message Posted: Oct 16, 2012 9:58:59 AM Ignore doctorindyj Report Abuse Appear? Give me a heads up when they actually do.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Oct 16, 2012 9:55:39 AM Ignore Donatelo Report Abuse good
gasokie Champion Author Oklahoma Posts:3,487 Points:1,347,530 Joined:May 2007	Message Posted: Oct 16, 2012 9:19:39 AM Ignore gasokie Report Abuse I was on the road last night and filled up in Tulsa at $3.21. I love it. Cheaper enough to make a difference on the fillup price! I'm looking forward to $2.99 gas. However, this morning shows gas prices up in Tulsa at the same station. Hope that it's not the trend.
cucamping Champion Author Omaha Posts:11,769 Points:2,392,955 Joined:Jun 2006	Message Posted: Oct 16, 2012 6:18:36 AM Ignore cucamping Report Abuse Should not even be above 3 a gal.
prcoqui Champion Author Maryland Posts:4,036 Points:1,691,700 Joined:Dec 2006	Message Posted: Oct 16, 2012 5:34:05 AM Ignore prcoqui Report Abuse Only time will tell.
Jeffro61 Champion Author Cleveland Posts:2,408 Points:2,310,945 Joined:Oct 2005	Message Posted: Oct 16, 2012 5:08:28 AM Ignore Jeffro61 Report Abuse Ok
pbear316 Champion Author Akron Posts:2,160 Points:704,390 Joined:Apr 2011	Message Posted: Oct 16, 2012 5:08:05 AM Ignore pbear316 Report Abuse It's already happened in northeast Ohio. I have seen prices as low as $3.49.
isem Champion Author Missouri Posts:2,066 Points:450,885 Joined:Feb 2012	Message Posted: Oct 16, 2012 5:06:44 AM Ignore isem Report Abuse Déjà vu
bikerWI Champion Author Milwaukee Posts:1,551 Points:904,170 Joined:Apr 2010	Message Posted: Oct 16, 2012 5:04:55 AM Ignore bikerWI Report Abuse Ok.
jcdakota Champion Author Baltimore Posts:1,427 Points:377,345 Joined:Nov 2010	Message Posted: Oct 16, 2012 5:04:12 AM Ignore jcdakota Report Abuse At last! Could it also have been a reaction to some government scrutiny of gas prices?
Ferdman17 Champion Author Albany Posts:1,420 Points:401,785 Joined:Feb 2012	Message Posted: Oct 16, 2012 5:02:34 AM Ignore Ferdman17 Report Abuse Until the next reason for the speculators to make it rise!
warlord1 Champion Author Georgia Posts:5,375 Points:1,061,250 Joined:May 2010	Message Posted: Oct 16, 2012 4:59:12 AM Ignore warlord1 Report Abuse ok
Chem60 Champion Author Tallahassee Posts:4,024 Points:840,750 Joined:Oct 2010	Message Posted: Oct 16, 2012 4:58:53 AM Ignore Chem60 Report Abuse It's just a roller coaster ride.