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Great Lakes may start seeing relief from gasageddon

GasBuddy Blog -- I've been peppered with questions in the last few days asking when the Great Lakes region would see relief from the intense gasoline price increases they've been seeing, so it's with happiness that I report we're starting to see initial signs of a cooldown in gas prices in the region.

While energy markets are open, this will be subject to change as the day wears on, but at current writing, wholesale costs look like they could finish the day down double digits per gallon, which certainly would be welcome relief to the region.

Gasoline prices across the region rose significantly last week with average prices in Indiana rising 30c/gal, Michigan rising 24c/gal, Ohio rising 29c/gal, Illinois rising 35c/gal, Wisconsin rising...


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Submitted Aug 06, 2012 By: PD
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stonecold5005
All-Star Author Waco

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Message Posted: Aug 17, 2012 11:50:59 AM

good sutf
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pskitty
Rookie Author Knoxville

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Message Posted: Aug 15, 2012 6:52:30 AM

It's been difficult to plan trips to MI to visit family because the gas prices up there have been so outrageous. It takes up a good chunk of vacation budget.
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william1965
Rookie Author Cleveland

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Message Posted: Aug 14, 2012 4:33:02 PM

38 cents per gallom here in cleveland east side area and no signs of prices comming down just oil companie gouging as usual
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 14, 2012 8:31:28 AM

good stuff
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85XJ
Champion Author Toledo

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Message Posted: Aug 14, 2012 7:39:37 AM

Thirty to forty cent jump here in the last day, so I guess we MAY not be seeing any relief.
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 11, 2012 9:16:05 AM

gasokie: greed is an excess of the desire to get top dollars. Look at the profit margins that Pig Oil reaps while the rest of the economy is suffering. There's no reason to drive the prices at the pump b/c the barrel prices have not fluctuated sufficiently to warrant a 60+ cent increase in one month. That's solely greed. Pig Oil raises prices because they can be raised (since the consumer will pay).
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gasokie
Champion Author Oklahoma

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Message Posted: Aug 10, 2012 6:57:11 PM

A nasty word, greed. All of us want top dollar for our wages and our products. Fires, floods, pipelines breaking are not results of plots. Just stuff that happens. If you think an oil company is going to drop prices just because you think they are greedy or that you think, as does Dear Leader in Korea, that speculators are pigs who should be put to death then you are just wrong.

Supply and demand works every time and though it "ain't" foolproof, it's better than any system ever invented to date...a whole bunch better than the communist systems proposed repeatedly in these blogs by bloggers who may not realize what they are really proposing when they tear into what they call "speculators." It's obvious they really don't understand the market systems.
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 10, 2012 5:19:28 AM

I guess gasageddeon is seeping into other areas now?
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clpassenubye
Champion Author Los Angeles

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Message Posted: Aug 9, 2012 11:37:41 AM

good
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 9, 2012 4:56:29 AM

prices have jumped over 50 cents in the past month. No reason for it. Nearing August 2008 ranges and there's no reason out there for it. Oh, wait, there is,... greed.
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pilotmass
Champion Author Boston

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Message Posted: Aug 8, 2012 2:55:30 PM

Watch prices in California rise due to fires
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tutaw
Champion Author Kentucky

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Message Posted: Aug 7, 2012 7:44:19 PM

not soon enough
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roadrunnin
Champion Author Richmond

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Message Posted: Aug 7, 2012 3:06:16 PM

this is why we need back up plans, because any number of events or attacks could cause a disruption in distribution.
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zaq001
Champion Author Atlanta

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Message Posted: Aug 7, 2012 1:14:31 PM

old news
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RogerB
Champion Author Indianapolis

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Message Posted: Aug 7, 2012 1:06:38 PM

old post (yawnnn)
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RogerB
Champion Author Indianapolis

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Message Posted: Aug 7, 2012 1:06:18 PM

old post (yawnnn)
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RogerB
Champion Author Indianapolis

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Message Posted: Aug 7, 2012 1:05:36 PM

old post (yawnnn)
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sparky808
Champion Author Honolulu

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Message Posted: Aug 7, 2012 12:20:16 PM

old post
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hok
Champion Author Los Angeles

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Message Posted: Aug 7, 2012 12:11:55 PM

Good news! √
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GatorGuy
Champion Author Columbia

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Message Posted: Aug 7, 2012 11:07:22 AM

Good news; I'm glad I don't live there any longer-prices are bad enough in the southeast.
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crep1291
Champion Author Ottawa

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Message Posted: Aug 7, 2012 10:37:31 AM

Double digits per gallon probably means 0.10$/gal, not 0.99$/gal... After a rise of 0.24-0.35$/gal, that's not as much relief as being simply less gouged.
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chyguy3
Champion Author Wyoming

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Message Posted: Aug 7, 2012 10:29:35 AM

Old post
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: Aug 7, 2012 10:29:20 AM

We are up .62 in 3 weeks($3.27-$3.89). This sucks!!
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LostAgain2009
Champion Author New Mexico

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Message Posted: Aug 7, 2012 10:27:23 AM

Somehow I doubt that the price will come down anywhere near as fast as it climbed, even should all supply restrictions be removed.
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peanutsMN
Champion Author Twin Cities

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Message Posted: Aug 7, 2012 10:26:26 AM

up 20 cents a gallon here in one day.
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Don20
Champion Author Oklahoma City

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Message Posted: Aug 7, 2012 10:26:16 AM

This is old news, but it should be about time these people get a break..
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Emmamae1
Champion Author Illinois

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Message Posted: Aug 7, 2012 10:25:43 AM

hope that pipeline gets fixed soon.
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peapaw
Champion Author Ohio

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Message Posted: Aug 7, 2012 10:24:56 AM

uh-huh.
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AuntJaime
Champion Author New Jersey

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Message Posted: Aug 7, 2012 10:24:15 AM

going up steadily in nj
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tomok
Champion Author Portland

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Message Posted: Aug 7, 2012 10:22:22 AM

Big Oil will raise fuel prices if they want to and/or will have a refinery undergo 'unplanned maintenance' when they want to. There is nothing you can do, Big oil will maintain its profits without regard to your well being or your possible economic problems.
The fuel price will slowly go down with the increased supply but with any disruption in supply and the price will go up like a rocket.
What region will be next with Big Oil's gouging and gasageddon of the public?
Gasageddon, Carageddon, Cornageddon, Droughtageddon, Stormageddon, Hurricaneageddon, Metorageddon. Oh, the Humanity!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012
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MarkJM
Champion Author Little Rock

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Message Posted: Aug 7, 2012 10:21:58 AM

We're up 10 to 15 cents in the last week
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DougtheEconMan
Champion Author Akron

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Message Posted: Aug 7, 2012 10:21:04 AM

Keep your tanks and gas cans full for the next 5 or 6 weeks. High prices and spot shortages are possible.
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Donliberty
Champion Author New York

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Message Posted: Aug 7, 2012 10:20:01 AM

ok
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njerald
Champion Author Seattle

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Message Posted: Aug 7, 2012 10:19:04 AM

HA!!!!!!!!!!!! Oil prices increasing.
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waynemustang
Champion Author Indiana

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Message Posted: Aug 7, 2012 10:17:59 AM

Gas is cheaper than the $5 that Obama Regime wants.
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slvrdo_dsprdo
Champion Author Nashville

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Message Posted: Aug 7, 2012 10:17:45 AM

Can we change the news stories on a daily basis, please?
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Bud122CA
Champion Author California

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Message Posted: Aug 7, 2012 10:17:21 AM

Good but hope it spreads a cross the country.
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Topshopper2011
Champion Author New Jersey

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Message Posted: Aug 7, 2012 10:17:06 AM

what is really going on here?
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trugasCA
Champion Author California

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Message Posted: Aug 7, 2012 10:14:38 AM

It is our turn now, thanks to a Chevron refinery fire in Richmond CA
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jmg144
Champion Author Maryland

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Message Posted: Aug 7, 2012 10:14:01 AM

Midwest is getting blasted in several ways - weather and gas prices.
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carman11
Champion Author North Carolina

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Message Posted: Aug 7, 2012 10:13:50 AM

OK
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lonewolfhead
Champion Author Texas

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Message Posted: Aug 7, 2012 10:12:30 AM

ok
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teebone1234
Champion Author San Francisco

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Message Posted: Aug 7, 2012 10:12:04 AM

okay
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Car54BC08
Champion Author British Columbia

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Message Posted: Aug 7, 2012 10:11:07 AM

This is a repeat
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JXQW
Champion Author Kansas City

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Message Posted: Aug 7, 2012 10:10:03 AM

really?
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snappytom2
Champion Author Corpus Christi

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Message Posted: Aug 7, 2012 10:07:54 AM

Time to move gasageddon to another area of the country.
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pricechecker08
Champion Author Ohio

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Message Posted: Aug 7, 2012 10:07:42 AM

WHEN
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bigLtowing
Champion Author Columbus

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Message Posted: Aug 7, 2012 10:07:12 AM

ok
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LongPlay
Champion Author Albuquerque

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Message Posted: Aug 7, 2012 10:06:40 AM

Eliminate the EPA regulations and they may be able to get gas from other places. Supply an demand work but there is no need to make it harder to supply the gas.
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DougtheEconMan
Champion Author Akron

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Message Posted: Aug 7, 2012 10:05:35 AM

Keep your tanks and gas cans full for the next 5 or 6 weeks. High prices and spot shortages are possible.
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