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GasBuddy News Article

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Gas Futures Point to Pump Relief

The Wall Street Journal -- After a sizzling start to the year, gasoline futures prices are sliding, easing pressures on drivers and the U.S. economy and raising the prospect that prices at the pump could be headed lower still.

Gasoline futures, a key yardstick for wholesale prices, are down 6.3% from their high for the year reached on March 26, as the price of crude oil that gets refined into gasoline has dropped a similar amount amid easing tension over Iran, the world's fourth-largest oil producer.

On Wednesday, futures tumbled for a fourth consecutive trading day, finishing down 1% at $3.2027 a gallon.

The month-long decline already has been reflected in lower pump prices.

The average cost of a gallon of gas nationwide has fallen for two straight weeks, according to the U.S. Energy Information Administration


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Submitted Apr 19, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Futures Point to Pump Relief Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 22, 2012 7:18:01 AM

heydano: I totally agree.
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heydano67
Champion Author California

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Message Posted: Apr 21, 2012 2:54:36 AM

Not falling fast enough for me
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 20, 2012 11:12:35 PM

I'll believe it when I see it.
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A2J
Champion Author Richmond

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Message Posted: Apr 20, 2012 10:28:42 AM

OK
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Harry813
Champion Author Iowa

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Message Posted: Apr 19, 2012 11:25:06 PM

Prices at the pump still prove otherwise .
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Zonk
Champion Author Michigan

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Message Posted: Apr 19, 2012 11:23:46 PM

I don't project any drastic cut in pump prices.
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badspots
Champion Author Houston

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Message Posted: Apr 19, 2012 11:18:53 PM

Ok.
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Buddy2264
Champion Author Tampa

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Message Posted: Apr 19, 2012 11:16:29 PM

I have not seen a big drop but I am guessing people are conserving more. As inventory rises either the price will drop or they will just ship it elsewhere for a better profit.
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Cashless
Champion Author Akron

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Message Posted: Apr 19, 2012 11:16:14 PM

I'll wait and see, like the rest.
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rf6480
Champion Author Miami

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Message Posted: Apr 19, 2012 11:14:33 PM

I'm not seeing any 6% drop
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joel27nc
Champion Author Raleigh

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Message Posted: Apr 19, 2012 11:14:18 PM

Still watching
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jkpsr
Champion Author New Jersey

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Message Posted: Apr 19, 2012 11:13:24 PM

I think that more regulation on the speculators will result in much lower prices and cut the Wall Street Pigs out of their ill-gotten gains. Money is too cheap to allow speculation to continue.
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miser709
Champion Author Grand Rapids

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Message Posted: Apr 19, 2012 11:13:05 PM

"Gas Futures Point to Pump Relief"

My magic 8 ball says "Doubtful".
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umitb
Champion Author Indianapolis

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Message Posted: Apr 19, 2012 11:12:19 PM

Agree, but not enough.Still high.
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crreed1
Champion Author West Virginia

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Message Posted: Apr 19, 2012 11:12:19 PM

15 miles away it has droped 6 cents a gal
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lolobond
All-Star Author New Orleans

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Message Posted: Apr 19, 2012 11:11:42 PM

Good!!!
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nomad228
Champion Author Columbus

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Message Posted: Apr 19, 2012 11:11:31 PM

if only U.S. regular working man(meaning both women and men) could get in on this futures stuff then we could afford skyrocketing taxes and gas prices along with everything else. : )
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JamesCalvin
Champion Author Lancaster

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Message Posted: Apr 19, 2012 11:11:20 PM

Never!
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Apr 19, 2012 11:10:48 PM

Don't hold your breath.
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abacus44
Champion Author Toms River

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Message Posted: Apr 19, 2012 11:10:44 PM

Not holding my breath.
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bikechuck
Champion Author Indianapolis

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Message Posted: Apr 19, 2012 11:10:39 PM

At what point is that going to happen?
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HEBster
Champion Author Kentucky

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Message Posted: Apr 19, 2012 11:09:08 PM

Not doin' much in Ky!
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 19, 2012 11:08:26 PM

No where near to what the pump prices jumped up to lately!!!!!
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Toppers
Champion Author Atlanta

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Message Posted: Apr 19, 2012 11:06:11 PM

Dropped 11 cents in the ATL...
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PCWHIZ
Champion Author Denver

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Message Posted: Apr 19, 2012 11:06:08 PM

Could this finally be some good news?
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marlita
Champion Author Dayton

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Message Posted: Apr 19, 2012 11:05:27 PM

I agree still to high
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Is246
Champion Author Albuquerque

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Message Posted: Apr 19, 2012 11:05:26 PM

Agree, but not enough.
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TheSicilian
Champion Author Jacksonville

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Message Posted: Apr 19, 2012 11:05:25 PM

point away
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jetskijerry
Champion Author North Carolina

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Message Posted: Apr 19, 2012 11:04:03 PM

still too high...
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HKL
All-Star Author Wilmington

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Message Posted: Apr 19, 2012 11:04:01 PM

OK
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jetskijerry
Champion Author North Carolina

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Message Posted: Apr 19, 2012 11:03:38 PM

no change here.
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tampacrvdriver
Champion Author Tampa

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Message Posted: Apr 19, 2012 11:03:05 PM

I'm sure they do.
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tippybuddy
Champion Author Ontario

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Message Posted: Apr 19, 2012 11:02:21 PM

this sounds like good news too
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jem069
Champion Author Detroit

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Message Posted: Apr 19, 2012 11:01:43 PM

ok
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mcmonsta
Champion Author Honolulu

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Message Posted: Apr 19, 2012 10:59:13 PM

keept falling....like a lead balloon...
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humblepie
Champion Author Toledo

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Message Posted: Apr 19, 2012 10:56:22 PM

dont hold your breath
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DustyHorse
Champion Author Virginia

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Message Posted: Apr 19, 2012 10:55:26 PM

Gas has gone down a few pennies in this area.
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kingpin6
Champion Author Arkansas

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Message Posted: Apr 19, 2012 10:54:36 PM

Don't know where they are seeing lower gas prices. They have certainly not dropped here!
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gilfarm
Champion Author Alabama

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Message Posted: Apr 19, 2012 10:53:17 PM

Slow to fall fast to rise!
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naiiawah
Champion Author Boise

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Message Posted: Apr 19, 2012 10:52:40 PM

I'll be amazed to see that 1% make it to the pump prices.
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pgerassi
Champion Author Milwaukee

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Message Posted: Apr 19, 2012 10:52:29 PM

Over supply meet lower demand.
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jdphipps
Rookie Author Spokane

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Message Posted: Apr 19, 2012 10:51:35 PM

Gas is still going up here.
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DEG
Champion Author Las Vegas

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Message Posted: Apr 19, 2012 10:49:48 PM

I doubt that prices will be going down significantly while Obama is in office.
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jessek
Champion Author Detroit

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Message Posted: Apr 19, 2012 10:49:31 PM

Time will tell.
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abcdMA
Champion Author Worcester

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Message Posted: Apr 19, 2012 10:49:04 PM

it is still higher than it was last year
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themaninthehat
Champion Author New Orleans

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Message Posted: Apr 19, 2012 10:48:09 PM

@hagar2935 is apparently missing his meds.
WSJ is a Rupert, therefore Obama hating publication.
@hagar2935 has gone palin (gone rogue)

Reelect the President
Obama 2012
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Beaveronparade
Champion Author Hartford

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Message Posted: Apr 19, 2012 10:46:42 PM

I think we are ALL ready for some relief at the pumps! Bring it on.
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flyfast
Champion Author Kansas City

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Message Posted: Apr 19, 2012 10:46:03 PM

will have to see it
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hagar2935
Veteran Author Nevada

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Message Posted: Apr 19, 2012 10:40:21 PM

Not going to happen as long as the DemocRATs stay in office!!!!!!

NOBAMA 2012!!!!!!!!!!!!!!!
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LaVonneK
Champion Author Iowa

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Message Posted: Apr 19, 2012 10:33:55 PM

I'm ready for pump relief.
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skybiker
Champion Author South Carolina

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Message Posted: Apr 19, 2012 10:32:27 PM

wholesale dropped 20cents since two weeks ago....No drop at th pump.....
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