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Gasoline prices soon to hit low point for 2012

Wall Street Journal -- Gas prices will soon drop to their lowest level of the year.

By Monday, the national average should fall below the $3.28 a gallon that drivers paid on Jan. 1, according to analysts. The drop is a gift for those hitting the road during what is expected to be the busiest Christmas travel season in six years.

Still, it's more like a stocking stuffer. That's because for the second straight year, Americans will spend a record amount on gasoline. The government estimates that gas averaged $3.63 a gallon this year, 10 cents above the record set a year ago.

Drivers can only hope that forecasts for lower prices next year come true.

A combination of high oil prices and supply shortages caused by refinery and pipeline problems kept gas prices elevated for most of the year. The national average hi

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Submitted Dec 15, 2012 By: skb69sa

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gs7101 Champion Author San Antonio Posts:5,658 Points:396,070 Joined:Jun 2009	Message Posted: Dec 16, 2012 7:51:23 AM Ignore gs7101 Report Abuse Whatever the price, it will be too damn high!
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 16, 2012 6:46:00 AM Ignore honda0105 Report Abuse one report says gas soon up to $8/gal, this says it'll drop. Frankly, I don't believe either.
tomok Champion Author Portland Posts:33,606 Points:2,374,185 Joined:Aug 2006	Message Posted: Dec 16, 2012 2:10:20 AM Ignore tomok Report Abuse Gasoline prices soon to hit low point for 2012? NO - say it isn't so! Lower fuel prices for the economy to recover that much faster than what 'coming out of the closet' Sneeky will ever do for this country. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population at large and the job numbers continue to be down! There is one ARCO gas station here at $2.99/gal and may many more fuel prices follow to much more reasonable levels! The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
NedW Champion Author Indianapolis Posts:5,755 Points:1,168,970 Joined:Mar 2008	Message Posted: Dec 16, 2012 2:07:49 AM Ignore NedW Report Abuse Do I hear, "$1.999/gal. and dropping?
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Dec 16, 2012 1:57:03 AM Ignore SkooterG Report Abuse At least it's some good news for a change.
danindenver Champion Author Denver Posts:5,596 Points:1,265,265 Joined:May 2005	Message Posted: Dec 16, 2012 12:36:20 AM Ignore danindenver Report Abuse I'm pretty sure that there are better things to worry about than the fact that the gas prices keep going up and down. They've been doing it all my life and then some.
crreed1 Champion Author West Virginia Posts:2,105 Points:2,551,690 Joined:May 2005	Message Posted: Dec 15, 2012 11:14:07 PM Ignore crreed1 Report Abuse old news
snky2k Champion Author Indianapolis Posts:1,528 Points:330,815 Joined:Mar 2012	Message Posted: Dec 15, 2012 11:13:33 PM Ignore snky2k Report Abuse That's a good way to start the new year!
PaylessKY Champion Author Kentucky Posts:8,875 Points:1,609,150 Joined:Oct 2008	Message Posted: Dec 15, 2012 11:09:32 PM Ignore PaylessKY Report Abuse Lowest gas price of the year is good. I would like to see it at the lowest price of this century.
malfrog1 Champion Author South Bend Posts:2,341 Points:577,685 Joined:Feb 2011	Message Posted: Dec 15, 2012 11:09:13 PM Ignore malfrog1 Report Abuse Do you think it is close to the end of the year
boatfloyd Champion Author Jacksonville Posts:1,863 Points:416,650 Joined:Mar 2012	Message Posted: Dec 15, 2012 11:07:03 PM Ignore boatfloyd Report Abuse Keep Falling
Glock26 Champion Author Dayton Posts:1,654 Points:658,135 Joined:Mar 2011	Message Posted: Dec 15, 2012 11:06:08 PM Ignore Glock26 Report Abuse Outstanding!!!
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Dec 15, 2012 11:05:35 PM Ignore cheaper0ON Report Abuse Hopefully!!!
unicornpmb Champion Author Buffalo Posts:8,631 Points:1,657,215 Joined:Sep 2005	Message Posted: Dec 15, 2012 11:05:30 PM Ignore unicornpmb Report Abuse Don't stop there.
naspa Champion Author Cleveland Posts:1,417 Points:379,850 Joined:Jan 2012	Message Posted: Dec 15, 2012 11:05:17 PM Ignore naspa Report Abuse We'll see - or at least the onse surviving " the end" lol
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Dec 15, 2012 11:04:51 PM Ignore rahcat Report Abuse Need to go much lower.
CarefreeVT Champion Author Burlington Posts:1,906 Points:283,205 Joined:Aug 2012	Message Posted: Dec 15, 2012 11:04:33 PM Ignore CarefreeVT Report Abuse old news... soon to be heading back up...
LocalSpyGuy Champion Author Tampa Posts:7,941 Points:1,612,875 Joined:Nov 2008	Message Posted: Dec 15, 2012 11:04:07 PM Ignore LocalSpyGuy Report Abuse but overall higher than 2011
Cashless Champion Author Akron Posts:3,660 Points:762,005 Joined:Apr 2011	Message Posted: Dec 15, 2012 11:04:06 PM Ignore Cashless Report Abuse Merry Christmas.... Here's a few pennies.
keithyoon1977 Champion Author Virginia Posts:2,050 Points:523,190 Joined:Dec 2011	Message Posted: Dec 15, 2012 11:03:40 PM Ignore keithyoon1977 Report Abuse ok
Geo4564 Champion Author Nevada Posts:7,069 Points:1,597,070 Joined:Aug 2007	Message Posted: Dec 15, 2012 11:02:03 PM Ignore Geo4564 Report Abuse keep dropping!
ManOfLeisureII Champion Author Philadelphia Posts:2,020 Points:481,775 Joined:Jan 2012	Message Posted: Dec 15, 2012 11:01:52 PM Ignore ManOfLeisureII Report Abuse Old news
JasTheAce Champion Author Raleigh Posts:1,115 Points:201,010 Joined:Nov 2012	Message Posted: Dec 15, 2012 11:01:52 PM Ignore JasTheAce Report Abuse yeee
JaegerWMeister All-Star Author Twin Cities Posts:910 Points:365,115 Joined:Mar 2012	Message Posted: Dec 15, 2012 10:59:10 PM Ignore JaegerWMeister Report Abuse At the end of 1Q 2013 we'll see
clermont40miles Champion Author Cincinnati Posts:10,759 Points:1,800,570 Joined:Apr 2008	Message Posted: Dec 15, 2012 10:56:29 PM Ignore clermont40miles Report Abuse Gas prices have been sky high most of 2012 so not hard to believe around $3 is the "low" for the year. It's still high at that rate.
suzmar Champion Author Texas Posts:2,224 Points:897,080 Joined:Jun 2006	Message Posted: Dec 15, 2012 10:56:00 PM Ignore suzmar Report Abuse Gasoline prices are not that cheap. This administration can not manage a coherent energy policy.
Number43 Champion Author Lexington Posts:8,854 Points:1,666,545 Joined:Oct 2008	Message Posted: Dec 15, 2012 10:52:20 PM Ignore Number43 Report Abuse Then speculation will take over and up , up and away.
NAVYHM All-Star Author Cleveland Posts:761 Points:1,405,955 Joined:May 2008	Message Posted: Dec 15, 2012 10:46:34 PM Ignore NAVYHM Report Abuse OK...
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Dec 15, 2012 10:46:20 PM Ignore Tekkersmom57 Report Abuse Gas prices should be lower than they presently are because oil is over $10/barrel less than last year, yet we continue to have higher gas prices when they should be lower.
RAC110 Champion Author Massachusetts Posts:6,057 Points:1,873,305 Joined:Mar 2003	Message Posted: Dec 15, 2012 10:46:18 PM Ignore RAC110 Report Abuse will wait and see what happens as we have heard these stories before
kymechanic All-Star Author Kentucky Posts:927 Points:591,755 Joined:Mar 2011	Message Posted: Dec 15, 2012 10:45:16 PM Ignore kymechanic Report Abuse Every little bit helps.
after10 Veteran Author Hamilton Posts:398 Points:53,935 Joined:Jul 2012	Message Posted: Dec 15, 2012 10:43:45 PM Ignore after10 Report Abuse Yup, and I predict it will be a sunny day if it dosent rain!
Is246 Champion Author Albuquerque Posts:1,045 Points:444,430 Joined:Apr 2011	Message Posted: Dec 15, 2012 10:43:40 PM Ignore Is246 Report Abuse Its still too high.
hank1326 Champion Author Los Angeles Posts:9,045 Points:1,761,020 Joined:Jun 2008	Message Posted: Dec 15, 2012 10:41:58 PM Ignore hank1326 Report Abuse Spending over $50 to fill up the tank is no bargain!!
humancry Champion Author Michigan Posts:4,620 Points:1,003,470 Joined:Nov 2006	Message Posted: Dec 15, 2012 10:40:24 PM Ignore humancry Report Abuse yeah right
DimitrisIL Champion Author Chicago Posts:1,541 Points:542,025 Joined:Feb 2011	Message Posted: Dec 15, 2012 10:34:27 PM Ignore DimitrisIL Report Abuse Can't wait although the price difference between regular, medium, and premium is now +20 and +30 instead of +10 and +10
Harry813 Champion Author Iowa Posts:3,140 Points:689,340 Joined:Jul 2011	Message Posted: Dec 15, 2012 10:34:02 PM Ignore Harry813 Report Abuse Sad that $3 is a low point :(
vibdata Champion Author Massachusetts Posts:4,186 Points:867,210 Joined:Nov 2005	Message Posted: Dec 15, 2012 10:32:25 PM Ignore vibdata Report Abuse Wrong headline. Should be: Gas prices soon to soar because BIG OIL wants to rip you for their Christmas present.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Dec 15, 2012 10:30:29 PM Ignore Dodge_Me Report Abuse About time, still needs to drop more
bobcatfan Champion Author Kentucky Posts:1,708 Points:641,775 Joined:Apr 2011	Message Posted: Dec 15, 2012 10:30:19 PM Ignore bobcatfan Report Abuse "A combination of high oil prices and supply shortages caused by refinery and pipeline problems kept gas prices elevated for most of the year." All of which were manufactured reasons by the oil companies to keep the price high. Were they investigated? NO! The attempts by the Justice Department are blocked by Republican Senators.
tco9436 Champion Author Connecticut Posts:1,807 Points:745,150 Joined:Mar 2010	Message Posted: Dec 15, 2012 10:25:47 PM Ignore tco9436 Report Abuse Bring IT!
BREW9 Champion Author Tampa Posts:1,025 Points:2,940,635 Joined:Jun 2004	Message Posted: Dec 15, 2012 10:24:44 PM Ignore BREW9 Report Abuse good
tdc007 Champion Author Lexington Posts:1,253 Points:410,555 Joined:Feb 2012	Message Posted: Dec 15, 2012 10:23:50 PM Ignore tdc007 Report Abuse Why not lowest since 2000?
5Golfer8 Champion Author Tucson Posts:2,263 Points:326,925 Joined:Jun 2011	Message Posted: Dec 15, 2012 10:22:13 PM Ignore 5Golfer8 Report Abuse Still three times too high.
PoohMcGoo Champion Author Alabama Posts:3,127 Points:823,335 Joined:Dec 2010	Message Posted: Dec 15, 2012 10:21:03 PM Ignore PoohMcGoo Report Abuse Won't fall low enough to offset these Obama care taxes and extra costs of other goods due to it.
Dragnet Champion Author Arizona Posts:15,553 Points:2,935,485 Joined:Jul 2004	Message Posted: Dec 15, 2012 10:20:56 PM Ignore Dragnet Report Abuse These promises have been going on since July/August and still haven't happened
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 15, 2012 10:19:30 PM Ignore fuelsaverMN Report Abuse It will help our economy.
rjoeh Champion Author Michigan Posts:7,212 Points:2,497,540 Joined:Jun 2004	Message Posted: Dec 15, 2012 10:19:25 PM Ignore rjoeh Report Abuse And 2013 will be uphill from there. Enjoy these prices now... as I suspect after January 1... we will never see them again.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 15, 2012 10:19:09 PM Ignore fuelsaverMN Report Abuse We need gas prices to be $2.00 a gallon.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 15, 2012 10:18:27 PM Ignore fuelsaverMN Report Abuse Yes...for how long?