Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:44 PM

GasBuddy News Article

36
votes
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,


Read the Full Article

Submitted Oct 20, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices Quick to Rise, Slow to Fall Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Radar1992
Champion Author Virginia

Posts:4,200
Points:998,540
Joined:Dec 2011
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.
Profile Pic
wamster
Champion Author Houston

Posts:7,258
Points:1,234,070
Joined:May 2007
Message Posted: Oct 22, 2012 12:28:16 AM

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

Posts:5,820
Points:1,385,970
Joined:May 2011
Message Posted: Oct 21, 2012 10:06:16 PM

No kidding
Profile Pic
96
Rookie Author Appleton

Posts:90
Points:60,000
Joined:Aug 2012
Message Posted: Oct 21, 2012 10:03:33 PM

k
Profile Pic
eye-spy
Champion Author Quebec

Posts:7,471
Points:3,107,045
Joined:Feb 2005
Message Posted: Oct 21, 2012 10:18:47 AM

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

Posts:11,806
Points:2,469,750
Joined:Apr 2008
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.
Profile Pic
Ltdc
Champion Author Long Island

Posts:9,901
Points:2,318,800
Joined:Jul 2007
Message Posted: Oct 21, 2012 7:41:41 AM

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

Posts:85
Points:104,710
Joined:Jun 2012
Message Posted: Oct 21, 2012 2:55:29 AM

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

Posts:6,024
Points:1,392,025
Joined:Feb 2011
Message Posted: Oct 20, 2012 9:44:18 PM

really?
Profile Pic
md11capt
Champion Author Denver

Posts:4,595
Points:1,303,945
Joined:Mar 2011
Message Posted: Oct 20, 2012 8:23:04 PM

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

Posts:9,903
Points:2,311,900
Joined:Oct 2008
Message Posted: Oct 20, 2012 8:02:30 PM

good need more $1.99
Profile Pic
dorisntx
Champion Author Fort Worth

Posts:2,079
Points:1,186,480
Joined:Apr 2011
Message Posted: Oct 20, 2012 4:24:26 PM

ok
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Oct 20, 2012 3:48:09 PM

thanks to manipulations
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,949
Points:1,350,245
Joined:Mar 2011
Message Posted: Oct 20, 2012 12:37:50 PM

always
Profile Pic
fuel2use
Champion Author Seattle

Posts:5,559
Points:1,272,015
Joined:Dec 2010
Message Posted: Oct 20, 2012 12:11:58 PM

No kidding.
Profile Pic
200porter
Champion Author Toronto

Posts:4,912
Points:1,231,710
Joined:Sep 2011
Message Posted: Oct 20, 2012 9:36:53 AM

Duh, everyone knows this already.
Profile Pic
Shadowwarrior
Champion Author Pennsylvania

Posts:1,453
Points:2,663,110
Joined:Oct 2005
Message Posted: Oct 20, 2012 9:03:57 AM

GREED
Profile Pic
flyank
Veteran Author Miami

Posts:358
Points:267,950
Joined:Jun 2009
Message Posted: Oct 20, 2012 8:11:17 AM

It's called thievery.
Profile Pic
58salty
Champion Author Jacksonville

Posts:75,420
Points:960,140
Joined:Aug 2011
Message Posted: Oct 20, 2012 7:18:44 AM

This is not news
Profile Pic
gs7101
Champion Author San Antonio

Posts:8,177
Points:558,215
Joined:Jun 2009
Message Posted: Oct 20, 2012 7:16:01 AM

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

Posts:8,177
Points:558,215
Joined:Jun 2009
Message Posted: Oct 20, 2012 7:15:16 AM

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

Posts:3,917
Points:2,359,050
Joined:Jan 2007
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.
Profile Pic
BBopp
Champion Author Dayton

Posts:9,435
Points:2,555,850
Joined:Dec 2006
Message Posted: Oct 20, 2012 7:05:47 AM

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

Posts:6,418
Points:1,420,785
Joined:Feb 2011
Message Posted: Oct 20, 2012 6:57:37 AM

really?
Profile Pic
OldMan322
Champion Author Illinois

Posts:10,636
Points:2,285,430
Joined:Jul 2008
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
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,300
Points:2,105,450
Joined:Sep 2008
Message Posted: Oct 20, 2012 6:08:33 AM

news?
Profile Pic
Palantas
All-Star Author Indianapolis

Posts:829
Points:527,800
Joined:Sep 2011
Message Posted: Oct 20, 2012 6:05:42 AM

I have noticed this.
Profile Pic
StArrow68
Champion Author Oakland

Posts:6,157
Points:2,039,535
Joined:Apr 2003
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.
Profile Pic
YaBassa
Champion Author Michigan

Posts:5,338
Points:1,208,925
Joined:Nov 2011
Message Posted: Oct 20, 2012 5:53:12 AM

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

Posts:7,127
Points:1,560,690
Joined:Nov 2010
Message Posted: Oct 20, 2012 5:51:10 AM

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

Posts:8,131
Points:2,598,835
Joined:Jul 2007
Message Posted: Oct 20, 2012 5:49:45 AM

Always been that way
Profile Pic
MImusicman
Champion Author Michigan

Posts:4,781
Points:1,099,275
Joined:Mar 2012
Message Posted: Oct 20, 2012 5:35:35 AM

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

Posts:6,158
Points:1,320,390
Joined:Jun 2011
Message Posted: Oct 20, 2012 5:09:35 AM

Nothing new.
Profile Pic
Joeski1
Champion Author New Jersey

Posts:13,640
Points:2,433,660
Joined:Dec 2004
Message Posted: Oct 20, 2012 4:47:26 AM

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

Posts:3,528
Points:970,500
Joined:May 2012
Message Posted: Oct 20, 2012 4:39:25 AM

This sucks.
Profile Pic
AvantiMick
Champion Author Indiana

Posts:15,568
Points:3,221,110
Joined:Dec 2005
Message Posted: Oct 20, 2012 4:34:53 AM

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

Posts:11,086
Points:2,915,265
Joined:Sep 2005
Message Posted: Oct 20, 2012 4:34:26 AM

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

Posts:3,062
Points:622,030
Joined:Aug 2006
Message Posted: Oct 20, 2012 4:34:21 AM

nothing new here
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,488
Points:2,265,000
Joined:Aug 2008
Message Posted: Oct 20, 2012 4:31:55 AM

no real NEWS...
Profile Pic
Foxt
Champion Author Minnesota

Posts:8,097
Points:2,703,810
Joined:Jul 2006
Message Posted: Oct 20, 2012 4:29:11 AM

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

Posts:5,069
Points:1,339,445
Joined:May 2011
Message Posted: Oct 20, 2012 4:27:25 AM

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

Posts:8,278
Points:1,963,950
Joined:Jul 2007
Message Posted: Oct 20, 2012 4:26:10 AM


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

Posts:3,272
Points:1,000,000
Joined:Aug 2011
Message Posted: Oct 20, 2012 4:26:00 AM

ok
Profile Pic
nb52
Champion Author Grand Rapids

Posts:10,646
Points:2,232,410
Joined:Nov 2008
Message Posted: Oct 20, 2012 4:23:51 AM

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

Posts:9,667
Points:2,263,565
Joined:May 2008
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.
Profile Pic
yankeeriffraff
All-Star Author Phoenix

Posts:652
Points:686,425
Joined:Aug 2012
Message Posted: Oct 20, 2012 4:19:04 AM

too true
Profile Pic
mazdaboy
Champion Author Portland

Posts:10,708
Points:2,769,960
Joined:Aug 2003
Message Posted: Oct 20, 2012 4:16:21 AM

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

Posts:10,033
Points:2,070,785
Joined:Nov 2008
Message Posted: Oct 20, 2012 4:15:35 AM

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

Posts:3,913
Points:1,465,620
Joined:Jul 2008
Message Posted: Oct 20, 2012 4:14:16 AM

duh
Profile Pic
wally52
Champion Author Little Rock

Posts:33,510
Points:1,473,665
Joined:Jan 2011
Message Posted: Oct 20, 2012 4:13:32 AM

That's always been the issue. So why does it happen like that?
Profile Pic
pricewar
Champion Author Ogden

Posts:4,896
Points:966,555
Joined:Jul 2012
Message Posted: Oct 20, 2012 4:12:51 AM

What planet are these people from. They just noticed this crap?
Post a reply Back to Topics