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GasBuddy News Article

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Gas Prices Quick to Rise, Slow to Fall

MSNBC -- Earlier this month, it took only a few days for gas prices to jump 50 cents nearly overnight. Two weeks later, prices are falling, but not as steeply as LA motorists had hoped and they want to know what’s taking so long.

Trudy Keck lets her tank hit empty before she returns to the pump.

Mai Vo will try just about anything to find the cheapest gas. She needs to, considering she travels from her home in Pasadena to two jobs – one of them in Orange County.

“I actually go down to OC to fill up because it’s cheaper there,” Vo said.

The average price for a gallon of self-serve regular in the state was $4.514 on Friday. That’s a 13.1-cent drop since last week, when the average price hit $4.645, according to AAA’s Daily Fuel Gauge Report.

A refinery fire in Northern California,


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Submitted Oct 20, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
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Radar1992
Champion Author Virginia

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Message Posted: Oct 22, 2012 5:34:55 AM

I notice there is no mention of the highest or second highest gas taxes in America boosting prices.

Leave it MSNBC to miss the mark that the real reason is the Specific California blends which can only be made in CA and the lack of refining capability.
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wamster
Champion Author Houston

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Message Posted: Oct 22, 2012 12:28:16 AM

The oil companies see no reason to decrease as quickly as increase.
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lesndave
Champion Author Texas

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Message Posted: Oct 21, 2012 10:06:16 PM

No kidding
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96
Rookie Author Appleton

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Message Posted: Oct 21, 2012 10:03:33 PM

k
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eye-spy
Champion Author Quebec

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Message Posted: Oct 21, 2012 10:18:47 AM

As others have posted, we already know this. Nothing new.
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must87searcher
Champion Author Maryland

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Message Posted: Oct 21, 2012 8:39:57 AM

California is a large and highly populated state. With high gas prices, it makes things hard for the drivers & buyers there.
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Ltdc
Champion Author Long Island

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Message Posted: Oct 21, 2012 7:41:41 AM

Is there any driver that doesn't know that?
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Skimo2012
Rookie Author Cleveland

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Message Posted: Oct 21, 2012 2:55:29 AM

That gas price would almost make you get a bike.
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ExplorerWA
Champion Author Washington

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Message Posted: Oct 20, 2012 9:44:18 PM

really?
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md11capt
Champion Author Denver

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Message Posted: Oct 20, 2012 8:23:04 PM

$4.15 the new low low price.
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amerk73
Champion Author Dallas

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Message Posted: Oct 20, 2012 8:02:30 PM

good need more $1.99
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dorisntx
Champion Author Fort Worth

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Message Posted: Oct 20, 2012 4:24:26 PM

ok
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TripleHs
Champion Author Austin

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Message Posted: Oct 20, 2012 3:48:09 PM

thanks to manipulations
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clpassenubye
Champion Author Los Angeles

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Message Posted: Oct 20, 2012 12:37:50 PM

always
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fuel2use
Champion Author Seattle

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Message Posted: Oct 20, 2012 12:11:58 PM

No kidding.
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200porter
Champion Author Toronto

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Message Posted: Oct 20, 2012 9:36:53 AM

Duh, everyone knows this already.
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Shadowwarrior
Champion Author Pennsylvania

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Message Posted: Oct 20, 2012 9:03:57 AM

GREED
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flyank
Veteran Author Miami

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Message Posted: Oct 20, 2012 8:11:17 AM

It's called thievery.
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58salty
Champion Author Jacksonville

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Message Posted: Oct 20, 2012 7:18:44 AM

This is not news
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gs7101
Champion Author San Antonio

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Message Posted: Oct 20, 2012 7:16:01 AM

Same old story -- gas prices rise quickly, drop slowly!
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gs7101
Champion Author San Antonio

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Message Posted: Oct 20, 2012 7:15:16 AM

Same old story -- gas prices rise quick, drop slowly!
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brbaritone
Champion Author Virginia

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Message Posted: Oct 20, 2012 7:10:32 AM

"The rocket and the feather." This is when gas stations make money - when the wholesale price drops faster than the retail price. Lower pump prices also give consumers more money to spend inside at the convenience store.
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BBopp
Champion Author Dayton

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Message Posted: Oct 20, 2012 7:05:47 AM

LOl! This has been the situation for as long as I can remember.
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blupupher
Champion Author Houston

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Message Posted: Oct 20, 2012 6:57:37 AM

really?
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OldMan322
Champion Author Illinois

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Message Posted: Oct 20, 2012 6:47:30 AM

Supply and demand, the oil companies have a supply and demand you to pay an arm and a leg to get it
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investmentdr
Champion Author Cleveland

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Message Posted: Oct 20, 2012 6:08:33 AM

news?
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Palantas
All-Star Author Indianapolis

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Message Posted: Oct 20, 2012 6:05:42 AM

I have noticed this.
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StArrow68
Champion Author Oakland

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Message Posted: Oct 20, 2012 5:54:02 AM

The drop seems to be gaining momentum as the Oakland avg is down to $4.39 over night. Still got $.25 to go to get back to last month and another $.30 to get back to last year but any relief helps.
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YaBassa
Champion Author Michigan

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Message Posted: Oct 20, 2012 5:53:12 AM

Big Oil and its dealers wringing ever dime out of our pockets
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WalRus49
Champion Author Boston

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Message Posted: Oct 20, 2012 5:51:10 AM

More organized mayhem and pillage.......................
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SUNOIL
Champion Author Toledo

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Message Posted: Oct 20, 2012 5:49:45 AM

Always been that way
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MImusicman
Champion Author Michigan

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Message Posted: Oct 20, 2012 5:35:35 AM

Tell something I don't know
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MN1
Champion Author Twin Cities

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Message Posted: Oct 20, 2012 5:09:35 AM

Nothing new.
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Joeski1
Champion Author New Jersey

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Message Posted: Oct 20, 2012 4:47:26 AM

Im gonna burn 20 gallons this weekend.....
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SkooterG
Champion Author Phoenix

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Message Posted: Oct 20, 2012 4:39:25 AM

This sucks.
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AvantiMick
Champion Author Indiana

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Message Posted: Oct 20, 2012 4:34:53 AM

That's the way is always is.
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AnObserver
Champion Author New Jersey

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Message Posted: Oct 20, 2012 4:34:26 AM

We shouldn't judge all gas prices by California
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padlocks2
Champion Author Virginia

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Message Posted: Oct 20, 2012 4:34:21 AM

nothing new here
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neptune2008
Champion Author Michigan

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Message Posted: Oct 20, 2012 4:31:55 AM

no real NEWS...
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Foxt
Champion Author Minnesota

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Message Posted: Oct 20, 2012 4:29:11 AM

Quarter up, penny down. What's new?
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pepinoNC
Champion Author Raleigh

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Message Posted: Oct 20, 2012 4:27:25 AM

We are down 22 cents from one month ago.
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Oct 20, 2012 4:26:10 AM


Also grass is green and the sky is blue...
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wkb03
Champion Author Georgia

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Message Posted: Oct 20, 2012 4:26:00 AM

ok
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nb52
Champion Author Grand Rapids

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Message Posted: Oct 20, 2012 4:23:51 AM

Been going on for a long time.
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BEngr
Champion Author Illinois

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Message Posted: Oct 20, 2012 4:19:52 AM

That has been happening for a long time. When gas prices jump 20 to 30 cents in one day and then goes down by 1 to 2 cents over a two week period, that results in a higher average price. That simply means the gas stations make more money.
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yankeeriffraff
Veteran Author Phoenix

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Message Posted: Oct 20, 2012 4:19:04 AM

too true
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mazdaboy
Champion Author Portland

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Message Posted: Oct 20, 2012 4:16:21 AM

Prices are finally headed down here.
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Oct 20, 2012 4:15:35 AM

Don't want the falling prices to cause the economy to collapse.
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MyRedSky
Champion Author Orlando

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Message Posted: Oct 20, 2012 4:14:16 AM

duh
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wally52
Champion Author Little Rock

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Message Posted: Oct 20, 2012 4:13:32 AM

That's always been the issue. So why does it happen like that?
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