Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:58 PM

GasBuddy News Article

36
votes
Gas Prices Reach New Lows For 2012 But They're Stiil Pretty Darn High

TIME Business and Money --
Hurray! Drivers are now seeing the year’s cheapest prices at the pump. Let’s not get carried away and actually declare these prices truly “cheap,” however.
When this week’s Energy Information Administration report came out on Monday, the national average for a gallon of regular stood at $3.25, representing a drop of nearly 10¢ in a single week’s time. Due to increased supply and a somewhat typical dip in seasonal demand, gas prices have plummeted nationally since autumn—in mid-October, the national average measured $3.82.

As MarketWatch and others noted, the $3.25 mark was the lowest gas prices had been for all of 2012. Prices have continued to drop since then, reaching $3.226 as of Wednesday, according to AAA’s Fuel Gauge Report. If pump prices decrease by a few more pennies, we’ll


Read the Full Article

Submitted Dec 23, 2012 By: RUNNINONEMPTYFL
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices Reach New Lows For 2012 But They're Stiil Pretty Darn High Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Dec 27, 2012 4:34:14 AM

well, honeymoon's over... priced up at all stations (8 to 14 cents).
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Dec 25, 2012 9:10:54 PM

around here, prices are about the same as last year (3.27 vs. 3.22). Still way too high though.
TruthMatters
Champion Author New Jersey

Posts:3,674
Points:1,202,270
Joined:Oct 2011
Message Posted: Dec 25, 2012 5:56:33 AM

That's right! Everything is relative: Compared to last month, prices are lower; compared to last year, prices are still too high!
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Dec 25, 2012 5:00:21 AM

Merry Christmas to All!
bston
Champion Author Oklahoma City

Posts:5,006
Points:1,417,450
Joined:Mar 2011
Message Posted: Dec 24, 2012 9:29:53 PM

Doesn't give us much confidence that they won't skyrocket again in weeks or months to come.
RapMassaG
Champion Author Cincinnati

Posts:3,636
Points:1,655,350
Joined:Oct 2008
Message Posted: Dec 24, 2012 8:04:10 AM

Cheapgasfan - That Grinch would be Greedway.
CityCouponer
Champion Author New Orleans

Posts:2,736
Points:682,260
Joined:Aug 2012
Message Posted: Dec 24, 2012 7:12:11 AM

They're pretty darn high -- up $.10+ in the last week.
CheapGasFan09
Rookie Author Columbus

Posts:51
Points:512,520
Joined:May 2009
Message Posted: Dec 24, 2012 7:07:09 AM

Like all the other holidays this year, the Grinch prevailed and prices jumped just in time for Christmas at ALL the stations here in the Heartland with the Price Fixing price of $3.25 for regular. Merry Christmas to all you Greedy oil speculators. Hope you all get what you deserve as you are surely deserving to be on Santa's Naughty List.
oilfreak
All-Star Author Houston

Posts:723
Points:39,210
Joined:Oct 2012
Message Posted: Dec 24, 2012 5:28:52 AM

It's still too darn high for me.
honda0105
Champion Author Tallahassee

Posts:24,041
Points:2,387,215
Joined:Nov 2008
Message Posted: Dec 24, 2012 4:27:46 AM

going up here again. BP was the first here (up a dime on Friday), then Texaco (up 13 cents on Saturday). Rest is stablized at 3.21 for unleaded 87 so far.
Nancy&Len
Champion Author Cleveland

Posts:5,103
Points:2,684,400
Joined:Sep 2004
Message Posted: Dec 24, 2012 3:15:18 AM

They could drop another $1.00 a gallon and they would still be too high.
danny999
Champion Author Florida

Posts:11,970
Points:2,415,960
Joined:Oct 2008
Message Posted: Dec 24, 2012 2:42:40 AM

Prices were manipulated up for Christmas Holiday again.SHELL led the way,followed by Sunoco.Now I buy from Murphy's at Walmart.
alterman156
Champion Author New York

Posts:10,755
Points:2,333,675
Joined:Dec 2008
Message Posted: Dec 23, 2012 10:53:25 PM

Agreed.
skb69sa
Champion Author San Antonio

Posts:6,495
Points:1,442,950
Joined:Mar 2011
Message Posted: Dec 23, 2012 10:10:34 PM

That's correct
BEGTWO
Champion Author Maryland

Posts:4,675
Points:1,451,190
Joined:Sep 2010
Message Posted: Dec 23, 2012 9:24:21 PM

Bitter Sweet
lasriog
Veteran Author Texas

Posts:294
Points:944,280
Joined:Jan 2012
Message Posted: Dec 23, 2012 9:15:52 PM

No new lows around here, up .15 this week
investmentdr
Champion Author Cleveland

Posts:6,598
Points:2,186,700
Joined:Sep 2008
Message Posted: Dec 23, 2012 9:15:33 PM

darn lower is still better than darn higher
millerin
Champion Author Orlando

Posts:5,022
Points:1,192,050
Joined:Jan 2012
Message Posted: Dec 23, 2012 9:14:23 PM

hmm...
bvrbill
Champion Author Eugene

Posts:8,175
Points:1,295,200
Joined:Jul 2011
Message Posted: Dec 23, 2012 8:52:10 PM

They've made $3.00 seem cheap. It never should been raised this high.
fuel2use
Champion Author Seattle

Posts:5,559
Points:1,295,115
Joined:Dec 2010
Message Posted: Dec 23, 2012 8:49:54 PM

So true.
Tekkersmom57
Champion Author Syracuse

Posts:5,094
Points:1,471,815
Joined:May 2010
Message Posted: Dec 23, 2012 8:41:59 PM

The problem with this article makes it seem that we should be grateful for our gas prices now being as low as they were last year at this time. They failed to tell us that oil was $98/barrel compared with this year being at $88/barrel. Folks, oil is TEN dollars/barrel cheaper and we are supposed to be happy that we are the same gas price. Does anyone see a problem with this????
Amtrgas
Champion Author Oakland

Posts:2,837
Points:2,288,045
Joined:Dec 2007
Message Posted: Dec 23, 2012 8:39:32 PM

TOO DARN HIGH,if you ask me. Should be $2.50/gal, no higher.
MidNJ
Champion Author New Jersey

Posts:10,164
Points:1,878,650
Joined:Sep 2009
Message Posted: Dec 23, 2012 8:36:16 PM

Holding steady at $3.15 to $3.21 around me. Lowest prices in NJ are under $3.00/gal.
flyank
Veteran Author Miami

Posts:364
Points:268,645
Joined:Jun 2009
Message Posted: Dec 23, 2012 8:33:23 PM

ahem....gas prices once again on the rise.
Dragnet
Champion Author Arizona

Posts:18,788
Points:3,659,005
Joined:Jul 2004
Message Posted: Dec 23, 2012 8:24:21 PM

Your stories are boring me something fierce
drewsworld
Sophomore Author Los Angeles

Posts:246
Points:27,500
Joined:Aug 2012
Message Posted: Dec 23, 2012 8:21:57 PM

whatever
mstearno
Champion Author Dayton

Posts:9,680
Points:2,355,030
Joined:Jan 2008
Message Posted: Dec 23, 2012 8:17:19 PM

they sure are
granitestater
Champion Author New Hampshire

Posts:12,850
Points:2,196,255
Joined:Oct 2008
Message Posted: Dec 23, 2012 8:16:30 PM

Still high. 'Peak oil' hasn't been reached yet. But 'cheap oil' is long gone...
ot4kidz
Champion Author Cleveland

Posts:1,566
Points:787,225
Joined:Jan 2010
Message Posted: Dec 23, 2012 8:16:05 PM

Low until tomorrow (or the next day).
SNOWMI
Champion Author Michigan

Posts:6,485
Points:992,980
Joined:Nov 2011
Message Posted: Dec 23, 2012 8:14:34 PM

any price over $2.50 is too high for today's economy.
BREW9
Champion Author Tampa

Posts:4,107
Points:3,687,860
Joined:Jun 2004
Message Posted: Dec 23, 2012 8:14:09 PM

lower
pcwhiz5385
Sophomore Author Georgia

Posts:117
Points:63,265
Joined:May 2012
Message Posted: Dec 23, 2012 8:12:57 PM

lowest i've seen in a while, and i can't complain about that.
Marson
Champion Author Scranton

Posts:12,079
Points:2,838,310
Joined:Oct 2006
Message Posted: Dec 23, 2012 8:12:41 PM

They need to be abput 30% lower yet
Tiernan
Champion Author Chicago

Posts:6,645
Points:1,593,435
Joined:Sep 2005
Message Posted: Dec 23, 2012 8:11:17 PM

It was nice while it lasted.
Chris46
Champion Author Dayton

Posts:50,522
Points:2,844,665
Joined:Sep 2005
Message Posted: Dec 23, 2012 8:11:16 PM

They were .20 cheaper last week.
abcdMA
Champion Author Worcester

Posts:11,112
Points:2,338,440
Joined:Nov 2008
Message Posted: Dec 23, 2012 8:10:26 PM

And now they will rise again
Pointtx
Champion Author Austin

Posts:6,298
Points:1,462,600
Joined:Mar 2011
Message Posted: Dec 23, 2012 8:10:17 PM

Whatever
TheeRedRam
Champion Author Hartford

Posts:6,293
Points:1,443,970
Joined:Jun 2011
Message Posted: Dec 23, 2012 8:08:14 PM

They ate not low enough.
scubadaniel
Champion Author Dayton

Posts:4,519
Points:1,458,695
Joined:Jan 2011
Message Posted: Dec 23, 2012 8:04:48 PM

Lower, yes, but not low. However, they are less the half of what secretary Chu wants them to be. I wonder what they would do with all that extra tax money?
wang91554
Champion Author San Jose

Posts:6,277
Points:1,948,975
Joined:May 2009
Message Posted: Dec 23, 2012 8:04:13 PM

compared to where? or when?
DrLyon
Champion Author Michigan

Posts:9,017
Points:1,917,860
Joined:May 2006
Message Posted: Dec 23, 2012 8:02:04 PM

Lower yes, but the up and down if this week was nuts...
John747
Champion Author Chicago

Posts:531,395
Points:4,402,210
Joined:Aug 2001
Message Posted: Dec 23, 2012 8:01:29 PM

They may be low but rest assured that President Obama and Energy Secretary Chu are doing everything they can to get our gas prices up to the levels they pay in Europe.
rjoeh
Champion Author Michigan

Posts:10,299
Points:3,244,655
Joined:Jun 2004
Message Posted: Dec 23, 2012 7:59:35 PM

Yes, relatively speaking prices are low these days... but if you widen your range of time... you find that even these prices are a bit hefty and they are having their impact on our economy and available funds to spend elsewhere.
Wildman14
Champion Author Virginia

Posts:5,849
Points:1,265,930
Joined:Jul 2008
Message Posted: Dec 23, 2012 7:58:00 PM

Yes they are "Stiil Pretty Darn High." And, going up.
camel1
Champion Author Minnesota

Posts:11,463
Points:3,030,415
Joined:Jul 2006
Message Posted: Dec 23, 2012 7:54:07 PM

they increased since monday here. up 10 cents
wulf2000
Champion Author Miami

Posts:5,023
Points:1,947,155
Joined:May 2005
Message Posted: Dec 23, 2012 7:52:42 PM

Of couse the price is still too high.
barbs24
Champion Author Virginia Beach

Posts:6,036
Points:2,797,665
Joined:Feb 2006
Message Posted: Dec 23, 2012 7:51:19 PM

Saw 2.82 in SC on the way home.
5Golfer8
Champion Author Tucson

Posts:5,238
Points:1,051,715
Joined:Jun 2011
Message Posted: Dec 23, 2012 7:50:22 PM

Prices are still three times too high.
TheDix
Champion Author Ontario

Posts:3,672
Points:949,945
Joined:Dec 2009
Message Posted: Dec 23, 2012 7:50:19 PM


All that fracking isn't doing much yet.
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,015
Joined:Jun 2006
Message Posted: Dec 23, 2012 7:49:39 PM

This administration wants to keep oil prices high to make "green" energy seem more attractive.
DEG
Champion Author Las Vegas

Posts:20,741
Points:4,243,705
Joined:Jul 2003
Message Posted: Dec 23, 2012 7:46:50 PM

The prices should be closer to $2/gallon and not $3+/gallon.
Post a reply Back to Topics