Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:19 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
Radar1992
Champion Author Virginia

Posts:4,677
Points:1,115,765
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.
wamster
Champion Author Houston

Posts:7,400
Points:1,248,635
Joined:May 2007
Message Posted: Oct 22, 2012 12:28:16 AM

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

Posts:6,273
Points:1,519,455
Joined:May 2011
Message Posted: Oct 21, 2012 10:06:16 PM

No kidding
96
Rookie Author Appleton

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

k
eye-spy
Champion Author Quebec

Posts:7,944
Points:3,223,495
Joined:Feb 2005
Message Posted: Oct 21, 2012 10:18:47 AM

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

Posts:12,245
Points:2,597,780
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.
Ltdc
Champion Author Long Island

Posts:10,376
Points:2,435,250
Joined:Jul 2007
Message Posted: Oct 21, 2012 7:41:41 AM

Is there any driver that doesn't know that?
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.
ExplorerWA
Champion Author Washington

Posts:6,055
Points:1,497,850
Joined:Feb 2011
Message Posted: Oct 20, 2012 9:44:18 PM

really?
md11capt
Champion Author Denver

Posts:4,595
Points:1,394,945
Joined:Mar 2011
Message Posted: Oct 20, 2012 8:23:04 PM

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

Posts:10,379
Points:2,429,595
Joined:Oct 2008
Message Posted: Oct 20, 2012 8:02:30 PM

good need more $1.99
dorisntx
Champion Author Fort Worth

Posts:2,079
Points:1,293,780
Joined:Apr 2011
Message Posted: Oct 20, 2012 4:24:26 PM

ok
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
clpassenubye
Champion Author Los Angeles

Posts:4,370
Points:1,482,780
Joined:Mar 2011
Message Posted: Oct 20, 2012 12:37:50 PM

always
fuel2use
Champion Author Seattle

Posts:5,559
Points:1,307,815
Joined:Dec 2010
Message Posted: Oct 20, 2012 12:11:58 PM

No kidding.
200porter
Champion Author Toronto

Posts:5,382
Points:1,369,360
Joined:Sep 2011
Message Posted: Oct 20, 2012 9:36:53 AM

Duh, everyone knows this already.
Shadowwarrior
Champion Author Pennsylvania

Posts:1,588
Points:2,773,925
Joined:Oct 2005
Message Posted: Oct 20, 2012 9:03:57 AM

GREED
flyank
Veteran Author Miami

Posts:364
Points:268,645
Joined:Jun 2009
Message Posted: Oct 20, 2012 8:11:17 AM

It's called thievery.
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
gs7101
Champion Author San Antonio

Posts:8,522
Points:578,190
Joined:Jun 2009
Message Posted: Oct 20, 2012 7:16:01 AM

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

Posts:8,522
Points:578,190
Joined:Jun 2009
Message Posted: Oct 20, 2012 7:15:16 AM

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

Posts:4,360
Points:2,474,665
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.
BBopp
Champion Author Dayton

Posts:9,806
Points:2,656,395
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.
blupupher
Champion Author Houston

Posts:6,880
Points:1,537,980
Joined:Feb 2011
Message Posted: Oct 20, 2012 6:57:37 AM

really?
OldMan322
Champion Author Illinois

Posts:11,147
Points:2,396,820
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
investmentdr
Champion Author Cleveland

Posts:6,731
Points:2,237,250
Joined:Sep 2008
Message Posted: Oct 20, 2012 6:08:33 AM

news?
Palantas
All-Star Author Indianapolis

Posts:833
Points:538,305
Joined:Sep 2011
Message Posted: Oct 20, 2012 6:05:42 AM

I have noticed this.
StArrow68
Champion Author Oakland

Posts:6,625
Points:2,168,590
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.
YaBassa
Champion Author Michigan

Posts:5,813
Points:1,349,600
Joined:Nov 2011
Message Posted: Oct 20, 2012 5:53:12 AM

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

Posts:7,698
Points:1,678,365
Joined:Nov 2010
Message Posted: Oct 20, 2012 5:51:10 AM

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

Posts:8,605
Points:2,711,385
Joined:Jul 2007
Message Posted: Oct 20, 2012 5:49:45 AM

Always been that way
MImusicman
Champion Author Michigan

Posts:5,253
Points:1,228,725
Joined:Mar 2012
Message Posted: Oct 20, 2012 5:35:35 AM

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

Posts:6,583
Points:1,429,630
Joined:Jun 2011
Message Posted: Oct 20, 2012 5:09:35 AM

Nothing new.
Joeski1
Champion Author New Jersey

Posts:14,132
Points:2,564,335
Joined:Dec 2004
Message Posted: Oct 20, 2012 4:47:26 AM

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

Posts:4,003
Points:1,107,175
Joined:May 2012
Message Posted: Oct 20, 2012 4:39:25 AM

This sucks.
AvantiMick
Champion Author Indiana

Posts:16,010
Points:3,332,475
Joined:Dec 2005
Message Posted: Oct 20, 2012 4:34:53 AM

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

Posts:11,551
Points:3,030,490
Joined:Sep 2005
Message Posted: Oct 20, 2012 4:34:26 AM

We shouldn't judge all gas prices by California
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
neptune2008
Champion Author Michigan

Posts:10,873
Points:2,389,425
Joined:Aug 2008
Message Posted: Oct 20, 2012 4:31:55 AM

no real NEWS...
Foxt
Champion Author Minnesota

Posts:8,573
Points:2,821,445
Joined:Jul 2006
Message Posted: Oct 20, 2012 4:29:11 AM

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

Posts:5,534
Points:1,447,225
Joined:May 2011
Message Posted: Oct 20, 2012 4:27:25 AM

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

Posts:8,708
Points:2,090,600
Joined:Jul 2007
Message Posted: Oct 20, 2012 4:26:10 AM


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

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

ok
nb52
Champion Author Grand Rapids

Posts:11,111
Points:2,347,465
Joined:Nov 2008
Message Posted: Oct 20, 2012 4:23:51 AM

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

Posts:10,143
Points:2,380,240
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.
yankeeriffraff
All-Star Author Phoenix

Posts:652
Points:768,225
Joined:Aug 2012
Message Posted: Oct 20, 2012 4:19:04 AM

too true
mazdaboy
Champion Author Portland

Posts:11,174
Points:2,885,185
Joined:Aug 2003
Message Posted: Oct 20, 2012 4:16:21 AM

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

Posts:10,760
Points:2,188,460
Joined:Nov 2008
Message Posted: Oct 20, 2012 4:15:35 AM

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

Posts:4,045
Points:1,515,460
Joined:Jul 2008
Message Posted: Oct 20, 2012 4:14:16 AM

duh
wally52
Champion Author Little Rock

Posts:33,607
Points:1,587,170
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?
pricewar
Champion Author Ogden

Posts:5,377
Points:1,099,230
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