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GasBuddy News Article

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Gasoline pump prices soaring on refinery repairs, oil rally

The Saratogian -- "Gas prices are rising at a faster-than-expected pace," Ash, an AAA spokesman in Washington, said in an interview Tuesday. "There's reason to suspect the peak we see will be earlier this year. We still expect they will peak at a lower level than in 2012," but they may approach that level, he said.

The EIA revised its forecast for 2013 gasoline prices up to $3.55 a gallon Feb. 12, from a $3.44 estimate in January.

The jump in gasoline futures has swelled the crack spread, a measure of refining profit. April-delivery gasoline's premium versus Brent was $21.85 a barrel, 53 percent higher than a year ago.

Schork predicts the retail average rise another 15 cents to 20 cents by the end of February. Prices then usually climb higher as the more-expensive summer-grade gasoline makes it way


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Submitted Feb 21, 2013 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gasoline pump prices soaring on refinery repairs, oil rally Back to Topics
REPLIES (newest first) Post a Reply
gs7101
Champion Author San Antonio

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Message Posted: Feb 22, 2013 6:14:37 AM

Any excuse is better than none to increase oil prices.
sonicmustang
All-Star Author Alberta

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Message Posted: Feb 21, 2013 11:42:19 PM

More lip service
lesndave
Champion Author Texas

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Message Posted: Feb 21, 2013 10:10:13 PM

Blah blah blah
Mystikal1
Veteran Author Akron

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Joined:May 2011
Message Posted: Feb 21, 2013 8:29:02 PM

The EIA awoke from its Rip Van Winkle slumber to revise its gas price forecast by a mere 11 cents. Go back to sleep EIA. It is obvious your eyes are closed.
GatorGuy
Champion Author Columbia

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Message Posted: Feb 21, 2013 3:05:01 PM

Please peak already.
heydano67
Champion Author California

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Message Posted: Feb 21, 2013 2:04:26 PM

mo money out of my pocket
Double_Golden
Champion Author San Francisco

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Message Posted: Feb 21, 2013 1:06:01 PM

this is not the time for refinery repairs, just blend more gas to lower the prices...
EMoe57
Champion Author Jacksonville

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Message Posted: Feb 21, 2013 12:14:34 PM

But SPECULATORS drive up the price
mageetp
Champion Author British Columbia

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Message Posted: Feb 21, 2013 12:01:23 PM

More spin equals high pump prices.
NightRider
Champion Author Dallas

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Joined:Apr 2012
Message Posted: Feb 21, 2013 11:51:45 AM

The formula for the increased price of a gallon of gas: The amount of money the average person has left over at the end of the month divided by the average number of gallons of gasoline used. This equals the amount available for a price increase per gallon. Gas price increase equals up to 100% of this amount. Add a few pennies to the existing price and drive around, use GasBuddy or call the other stations to see their price. Share this information with all of the other stations in the area and everyone decide on what the price will be.
Mikeyman74
Sophomore Author Indianapolis

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Message Posted: Feb 21, 2013 11:34:13 AM

At least we can vent for free.
Bud122CA
Champion Author California

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Message Posted: Feb 21, 2013 11:30:40 AM

No way to stop greed. They will use ANY excuse to jack up the prices.
mainenightowl
Champion Author Maine

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Message Posted: Feb 21, 2013 11:30:40 AM

Then we will be at or over $4/gal here in Maine by the end of Feb. if prices are set to rise another 15-20 cents/gal. We are averaging $3.79-3.89/gal now for reg. here. It's the greedy speculators that are pushing these prices up more than anything, even refinery maintenance or summer-blend gasoline beginning to trickle into the market.
sivart
Champion Author Arkansas

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Message Posted: Feb 21, 2013 11:18:50 AM

The other article said "crude inventory is up" so let's just shut down some refineries and that will cause the price at the pump to jump!!
mickealo
Champion Author Spokane

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Message Posted: Feb 21, 2013 11:17:49 AM

sure wish they could build more refinneries so when one is down they could just ramp up another so prices could be more stable instead of these big jumps up and down and now washington state is trying to raise state gas tax by .10 cents a gallon and we are already higher than most states
investmentdr
Champion Author Cleveland

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Message Posted: Feb 21, 2013 11:16:38 AM

article out of date. oil and gasoline down another -2% today (-5% from highs last week)
IMLURCH
Champion Author Minnesota

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Message Posted: Feb 21, 2013 11:16:25 AM

Cut the bull in idiot terms WE ARE GETTING RIPPED OFF.
WILDCAT112
Champion Author South Carolina

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Message Posted: Feb 21, 2013 11:14:28 AM

just another way BIG OIL and this BIG OIL CONGRESS can keep gouging us
TopGunn
Champion Author Baltimore

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Message Posted: Feb 21, 2013 11:14:09 AM

"Oil Rally" - same as 'speculator driven'!
gumbyrex
Champion Author Fresno

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Message Posted: Feb 21, 2013 11:12:06 AM

When are we going to build the new refineries we need?
ciimike
Champion Author Nevada

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Message Posted: Feb 21, 2013 11:11:26 AM

Always seems that refineries are down for repairs or maintenance whenever prices start to decrease.
bicycler
Champion Author Ontario

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Message Posted: Feb 21, 2013 11:11:02 AM

I am very suspicious of all those refinery breakdowns which cause so many gas price peaks which jump up and then dip only slightly:"Rocket up feather down, but only slightly"!
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Feb 21, 2013 11:11:01 AM

More excuses; more pain at the pump.
otherdave
Champion Author Indiana

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Message Posted: Feb 21, 2013 11:08:30 AM

Time for another exciting episode of "Screw the Consumer"!
chvytruk
All-Star Author Kentucky

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Message Posted: Feb 21, 2013 11:07:40 AM

"......they will peak at a lower level than in 2012......."

PEAK? at lower levels than last year???

Prices here are 3.79 and climbing, and somehow the speculation that prices will peak lower than last year is supposed to make us feel better??

This is OCE, pur and simple -- Oil Company extortion!
jpj23
Champion Author Los Angeles

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Message Posted: Feb 21, 2013 11:06:52 AM

"Refinery repairs." Oh, that old reason. How many times have I heard that?
joezIN
Champion Author Gary

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Message Posted: Feb 21, 2013 11:05:44 AM

always an excuse
paulydel
Champion Author Delaware

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Message Posted: Feb 21, 2013 11:04:35 AM

Thats the truth.
Wildman14
Champion Author Virginia

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Message Posted: Feb 21, 2013 11:03:41 AM

What "arnerator" said.
arnerator
Champion Author Seattle

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Message Posted: Feb 21, 2013 11:00:13 AM

How convenient of them to manufacture a shortage.
Infamoussteve
Veteran Author Illinois

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Message Posted: Feb 21, 2013 10:59:51 AM

Prices just started to drop....but will be back up by Monday
q2
Champion Author Alberta

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Message Posted: Feb 21, 2013 10:59:04 AM

old news
DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Feb 21, 2013 10:58:31 AM

Gas prices are starting to come down a few cents a gallon in our area finally.
pricechecker08
Champion Author Ohio

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Message Posted: Feb 21, 2013 10:58:22 AM

refineries are shut for maintance to clean up and force prices higher.
NightRider
Champion Author Dallas

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Message Posted: Feb 21, 2013 10:57:36 AM

There is no NEED for gasoline prices to increase but there is GREED.
Bigtex09
Champion Author Dallas

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Message Posted: Feb 21, 2013 10:54:53 AM

i find myself driving a lot less, just cannot budget it into my expenses, might look into some govt free bees like the rest of the public gets, start with a free phone, housing, food... is ther a program for free gas yet?
NanookAK
Champion Author Anchorage

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Message Posted: Feb 21, 2013 10:53:39 AM

Manipulating the market.
dwbuddy
Champion Author Fort Worth

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Message Posted: Feb 21, 2013 10:53:11 AM

more BS from the oil gurus....
BAJALRRP
Champion Author Tacoma

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Joined:Oct 2005
Message Posted: Feb 21, 2013 10:52:31 AM

I'm staying home!
Sapper08
Champion Author Indianapolis

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Joined:Mar 2012
Message Posted: Feb 21, 2013 10:51:37 AM

There's no 3.55/gal fuel in Indy!
impactdi
Rookie Author Michigan

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Joined:May 2011
Message Posted: Feb 21, 2013 10:51:20 AM

What does March oil futures have to do with the gas that's in the stations tanks today?
sciotosix
Champion Author Dayton

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Message Posted: Feb 21, 2013 10:51:16 AM

Just another excuse.
homespesial
All-Star Author Seattle

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Message Posted: Feb 21, 2013 10:50:51 AM

interesting
packards42
Champion Author Washington

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Message Posted: Feb 21, 2013 10:49:01 AM

Tell us about it diesel and premium are at the $4 mark now.
gasper
Champion Author Edmonton

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Points:2,099,540
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Message Posted: Feb 21, 2013 10:46:14 AM

Marketing strategy raise the prices way high then drop them slowly so people think that they are getting a deal on fuel great way to pick your pocket.
wmderrick
Champion Author Twin Cities

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Message Posted: Feb 21, 2013 10:45:22 AM

How convenient.
MitchelSdReview
Champion Author South Dakota

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Message Posted: Feb 21, 2013 10:44:54 AM

ok
f4driver
Champion Author Maine

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Message Posted: Feb 21, 2013 10:44:04 AM

"Gasoline pump prices soaring"....really? Who's the Mensa Society member who noticed that???
Cachase1
Champion Author Oklahoma City

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Message Posted: Feb 21, 2013 10:43:27 AM

Rising prices, progress in the wrong direction.
drakeman70
Sophomore Author Vermont

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Joined:Oct 2008
Message Posted: Feb 21, 2013 10:42:50 AM

another 15 to 20 cents ups us way over $4 a gallon.
txkrb
Champion Author Texas

Posts:2,870
Points:1,368,370
Joined:May 2011
Message Posted: Feb 21, 2013 10:42:11 AM

Gas prices peaked in February/March of 2011 and 2012 only to drop in April of those years
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