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GasBuddy News Article

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Gas prices see biggest jump of the year

CNN -- (CNN) -- Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey published Sunday.

The average cost of a gallon of regular is $3.69 nationwide, the Lundberg Survey found.

That's nearly 8 cents higher than a year ago, but still 28 cents lower than it was in April of this year.

"Higher crude oil prices, higher corn-based ethanol prices, plus a spate of refinery and pipeline problems around the country combined" are behind the spike, said publisher Trilby Lundberg.

The U.S. drought is pushing up prices for all corn-based products.

It's impossible to predict what will happen with gas prices in the near future, Lundberg said. "The refinery and pipeline issues that have added to the price rise are certainly temporary in nature.


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Submitted Aug 13, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas prices see biggest jump of the year Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

Posts:21,435
Points:1,941,515
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Message Posted: Aug 16, 2012 5:10:50 AM

duh on the jump. prices here are now the same as a year ago.
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melvindale
Champion Author Michigan

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Message Posted: Aug 14, 2012 11:21:49 AM

I love when they call it news, but anyone could have observed it for themselves.
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tomok
Champion Author Portland

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Message Posted: Aug 14, 2012 4:26:56 AM

Gas prices see bigggest price jump and have gone up 10 cents every day, Big Oil can raise the price of fuel – because they can. Big oil is a monopoly so we pay more, more, more.
Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the good paying jobs are Not there. Barry's economy is not improving but continues to hurt the population and the job numbers continues to be down – no matter how smoooooth talking Barry spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit.
How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low!
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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rbrowdersr
Champion Author Detroit

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Message Posted: Aug 13, 2012 5:56:56 PM

I believe it.
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A2J
Champion Author Richmond

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Message Posted: Aug 13, 2012 5:37:21 PM

so far
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bston
Champion Author Oklahoma City

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Message Posted: Aug 13, 2012 3:09:07 PM

Supply vs demand = greed
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UC2
Champion Author Ventura

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Message Posted: Aug 13, 2012 1:22:56 PM

you have'nt seen the BIG ONE yet!!!
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SavinOnFuel
Champion Author Gary

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Message Posted: Aug 13, 2012 1:21:21 PM

I don't think so
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58salty
Champion Author Jacksonville

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Message Posted: Aug 13, 2012 12:20:32 PM

This is WRONG!

There is NOT a gas shortage. There are too many excuses to raise the cost to us.

Big oil CEO's should be arrested for rape & murder. They are screwing us to death.
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2granny
Champion Author Michigan

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Message Posted: Aug 13, 2012 11:43:00 AM

"Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey." Our gas prices are up 51 cents in 6 days.
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mageetp
Champion Author British Columbia

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Message Posted: Aug 13, 2012 11:41:29 AM

Would be nice if the prices would start dropping.
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Ken2OD
Champion Author Grand Rapids

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Message Posted: Aug 13, 2012 11:36:15 AM

We're screwed if they do and screwed if they don't!
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caddilac
Champion Author Ontario

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Message Posted: Aug 13, 2012 11:33:11 AM

.
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mikesr100
Champion Author Sacramento

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Message Posted: Aug 13, 2012 11:32:32 AM

Buy an Electric Car from Obummer Motors! Oh! That's right Obummer is destroying the coal fired generating plants so yo won't be able to recharge! Get a Bike!
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ou812again
Champion Author Cincinnati

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Message Posted: Aug 13, 2012 11:29:49 AM

duh!
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NanookAK
Champion Author Anchorage

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Message Posted: Aug 13, 2012 11:29:13 AM

GREED rules.
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truckguy115
Champion Author Orange County

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Message Posted: Aug 13, 2012 11:28:06 AM

No shit. I never would have guessed it.
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essel
Champion Author Virginia

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Message Posted: Aug 13, 2012 11:27:58 AM

ok
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firefly09
Champion Author San Diego

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Message Posted: Aug 13, 2012 11:25:47 AM

No. Really?
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tsgasprc
Champion Author Colorado

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Message Posted: Aug 13, 2012 11:24:40 AM

Artifically raised by speculators and oil executives who cause rumors & limit supply unnaturally. Ethanol is still much cheaper than oil but that market still needs development.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Aug 13, 2012 11:23:51 AM

Greedway states are jumping again today. $3.899(again) is the new price in Ohio.
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Stevedog
Champion Author Michigan

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Message Posted: Aug 13, 2012 11:22:41 AM

yes, gas prices are higher
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smoketown
Champion Author Cincinnati

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Message Posted: Aug 13, 2012 11:22:06 AM

And the survey says.............
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Toppers
Champion Author Atlanta

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Message Posted: Aug 13, 2012 11:19:00 AM

Yikes!
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tutaw
Champion Author Kentucky

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Message Posted: Aug 13, 2012 11:17:49 AM

not good
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eswi
Champion Author Madison

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Message Posted: Aug 13, 2012 11:16:30 AM

OK
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HEBster
Champion Author Kentucky

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Message Posted: Aug 13, 2012 11:16:22 AM

Jumpin' in KY
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jorja13
Champion Author British Columbia

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Message Posted: Aug 13, 2012 11:12:55 AM

Gas here went up overnight last week by 8 cents/litre (30 cents/gallon)....it's now 133.9 or $5.07 US.
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wshutton
Champion Author Seattle

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Message Posted: Aug 13, 2012 11:11:27 AM

Yes, but Romney's speculator friends are making more money. Isn't that all that matters?
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amayne11
Champion Author Vancouver

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Message Posted: Aug 13, 2012 11:11:22 AM

bad news
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alex395
Champion Author Louisville

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Message Posted: Aug 13, 2012 10:32:16 AM

Goodbye Obama.
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zeeflyers
All-Star Author Pittsburgh

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Message Posted: Aug 13, 2012 9:56:05 AM

No one want ethonal in our gas.
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WestMichigan
Champion Author Grand Rapids

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Message Posted: Aug 13, 2012 9:18:32 AM

Get rid of ethanol
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Clits
All-Star Author Louisiana

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Message Posted: Aug 13, 2012 9:16:20 AM

It's a roller coaster BABY! Has been for many years
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zaq001
Champion Author Atlanta

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Message Posted: Aug 13, 2012 9:11:23 AM

not a surprise. They won't fall until after Labor Day!
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hok
Champion Author Los Angeles

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Message Posted: Aug 13, 2012 9:10:36 AM



Yes, indeed
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RaginCajun68
All-Star Author Fort Worth

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Message Posted: Aug 13, 2012 8:57:49 AM

Really? We should count our lucky stars.
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flyfast
Champion Author Kansas City

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Message Posted: Aug 13, 2012 8:55:33 AM

MORE BS FOR PRICE TO GO UP
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BudsterMO
Champion Author Kansas City

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Message Posted: Aug 13, 2012 8:53:34 AM

The blenders (big oil Companies) should switch over to Sugar Cane based ethanol at 35% cheaper than Corn based Ethanol which would significantly lower the cost of gas and diesel and pass those savings on to customers (us). The corn farmers can shift back to growing corn for people and animals to eat in abundance thereby lowering the price of corn based food.
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skybiker
Champion Author South Carolina

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Message Posted: Aug 13, 2012 8:44:53 AM

Only a temporary spike!!!
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greenfog
Champion Author Illinois

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Message Posted: Aug 13, 2012 8:38:20 AM

that is all BS, it was planned by big oil and speculators jumped on it to increase the price.
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cssco
Champion Author Virginia

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Message Posted: Aug 13, 2012 8:36:35 AM

The pig (big oil) is hungry and needs all of your spare resources.
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96WAGON
Veteran Author Sacramento

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Message Posted: Aug 13, 2012 8:32:42 AM

Ahh yes, "No Change" was the policy I was leaning towards...LMAO!!!
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Costello
Champion Author South Dakota

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Message Posted: Aug 13, 2012 8:31:50 AM

Again
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dlzastera
Champion Author Minnesota

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Message Posted: Aug 13, 2012 8:28:45 AM

No change untill Nov 2012.
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ModelWarships
Champion Author Missouri

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Message Posted: Aug 13, 2012 8:27:48 AM

oh joy
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96WAGON
Veteran Author Sacramento

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Message Posted: Aug 13, 2012 8:25:06 AM

OK!! SO we've heard all the doomer & gloomer's reports on how Obama has somehow controlled gasoline prices. What is or will be Mitt's energy policy??
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mh44s
Champion Author Madison

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Message Posted: Aug 13, 2012 8:23:48 AM

Drop the ethanol requirement. Gas prices jumped $.55 in the last 2 weeks.
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treehood
Champion Author San Diego

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Message Posted: Aug 13, 2012 8:23:41 AM

I'm not sure about you but all my costs have gone up. Taxes, food, clothing, utilities, maybe some electronics have gone down but I am not buying them everyday. I don't like paying more for fuel but I still believe it is a good price and I would rather have what I need at $4+ than have none at $1.50.
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shea33
Champion Author Pensacola

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Message Posted: Aug 13, 2012 8:23:14 AM

ok
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