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GasBuddy News Article

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Winter Storm May Provide Relief at the Gas Pump

CNBC -- Gasoline prices have surged nearly 30 cents in the past month, but a slide in the oil futures market may provide some temporary relief at the pump.

The national average for regular gasoline—already at the highest level on record for February—reached nearly $3.59 a gallon on Monday, a nearly 7-cent climb in a week. According to AAA, that's up from from $3.31 a gallon a month ago. But pump prices could pause over the next few days, based on the pullback in the futures market, analysts say.

After reaching 2013 milestones last week, energy futures traded lower at the New York Mercantile Exchange Monday with gasoline leading the decline.

March Brent crude futures slid 1 percent, but remained above $117.50 a barrel. March WTI oil futures were only fractionally lower, trading above $95 a barre


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Submitted Feb 11, 2013 By: Huntingdog
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Winter Storm May Provide Relief at the Gas Pump Back to Topics
REPLIES (newest first) Post a Reply
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Ray_10589
Champion Author New York

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Message Posted: Feb 13, 2013 9:51:34 PM

no ... just greed
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endymion
Champion Author New York

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Message Posted: Feb 12, 2013 3:50:26 PM

relief will really arrive on January 20, 2017
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streetdesign
Champion Author Illinois

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Message Posted: Feb 12, 2013 8:05:24 AM

The only relief is money from our wallets as prices continue to climb.
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eschroth442
Champion Author Cleveland

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Message Posted: Feb 12, 2013 7:17:48 AM

no relief here, prices jumped 20 cents last night
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Straitliner
Champion Author Illinois

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Message Posted: Feb 12, 2013 5:22:41 AM

When donkeys fly.
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eddiebauzer
Rookie Author Seattle

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Message Posted: Feb 12, 2013 12:02:45 AM

Gas prices are always quick to rise, but go down very slowly if at all.
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alterman156
Champion Author New York

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Message Posted: Feb 11, 2013 11:53:58 PM

No relief in my area.
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Focus2
Champion Author Illinois

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Message Posted: Feb 11, 2013 11:52:50 PM

With all the cancelled flights, that should have reduced the demand for jet fuel!
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Harry813
Champion Author Iowa

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Message Posted: Feb 11, 2013 11:51:36 PM

Definitely no relief here !
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smartdilbert
All-Star Author Oregon

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Message Posted: Feb 11, 2013 11:51:23 PM

please tell me when???
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52MPG
Champion Author Dayton

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Message Posted: Feb 11, 2013 11:50:30 PM

GasBuddy charts show oil level but gas prices going up.
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Darwin00
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Message Posted: Feb 11, 2013 11:49:27 PM

ok
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 11, 2013 11:49:14 PM

greed.
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 11, 2013 11:48:51 PM

crooks
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CivicMA
Champion Author Boston

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Message Posted: Feb 11, 2013 11:47:47 PM

Sure, I saw that relief today with prices increasing another nickle/gallon! Such a deal . . . I can do without, thank you.
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Brucevanf
Champion Author New Brunswick

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Message Posted: Feb 11, 2013 11:47:41 PM

Believe it when I see it.
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 11, 2013 11:47:27 PM

For now and then it will cause a price raise
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wz
Champion Author Twin Cities

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Message Posted: Feb 11, 2013 11:46:49 PM

Winter storms discourage driving (except for snow plows), which saves fuel. This weekend's storm cancelled some events and saved me over 100 miles.
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unicornpmb
Champion Author Buffalo

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Message Posted: Feb 11, 2013 11:43:03 PM

Not in the area of the storm.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 11, 2013 11:40:34 PM

Speculation breeds despair.
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Focus2
Champion Author Illinois

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Message Posted: Feb 11, 2013 11:37:35 PM

And that is supposed to affect pump prices immediately? Goes up fast, comes down slow.
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RAE344
Champion Author Virginia Beach

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Message Posted: Feb 11, 2013 11:37:34 PM

Now why would anyone wish horrible things to other fellow citizens just to save a few bucks.
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silverfox63
Champion Author Michigan

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Message Posted: Feb 11, 2013 11:35:45 PM

Ya, right. I believe this as much as there is a mountain of gold in my back yard.
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sehonda
Champion Author Honolulu

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Message Posted: Feb 11, 2013 11:35:44 PM

only temporary
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Zonk
Champion Author Michigan

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Message Posted: Feb 11, 2013 11:35:38 PM

I don't look for pump prices to come down.
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TSgtCarverRetired
Champion Author Detroit

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Message Posted: Feb 11, 2013 11:35:29 PM

This sounds like it might happen, and it might not happen.
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ShadowACE
Champion Author Boston

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Message Posted: Feb 11, 2013 11:35:19 PM

Wanna bet?
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PrinceLH
Champion Author Ontario

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Message Posted: Feb 11, 2013 11:33:48 PM

They should force speculators to hold stock, 48 hours after being purchased. It would slow down the flipping by day traders.
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pa79th
Champion Author Pennsylvania

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Message Posted: Feb 11, 2013 11:32:25 PM

Only way we will get relief is to destroy the futures market. That is what drives prices up up up up!
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1Boog
Champion Author Lincoln

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Message Posted: Feb 11, 2013 11:27:21 PM

wouldn't hold my breath!!
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streetcars
Champion Author Toledo

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Message Posted: Feb 11, 2013 11:27:13 PM

Gas up another 20 cents or so around here.
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rippinusoff
Champion Author Lexington

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Message Posted: Feb 11, 2013 11:26:51 PM

sure
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arb0526
Champion Author Greensboro

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Message Posted: Feb 11, 2013 11:26:33 PM

Is this along the same lines as a fuel boycott where folks don't buy fuel for a day or two resuls in price drop?
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crreed1
Champion Author West Virginia

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Message Posted: Feb 11, 2013 11:26:20 PM

it's as high as 3.70 here
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Feb 11, 2013 11:26:15 PM

going up in bakersfield
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LKnight598
Champion Author South Carolina

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Message Posted: Feb 11, 2013 11:25:16 PM

Remaining the same here...not going down.
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Bubba44612
Champion Author Ohio

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Message Posted: Feb 11, 2013 11:24:15 PM

Right Greedway just raised gas $.30 a gallon today.
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goldrose1
Champion Author Cleveland

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Message Posted: Feb 11, 2013 11:23:04 PM

Prices went up again. Didn't help here.
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 11, 2013 11:22:14 PM

here come the gougers.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Feb 11, 2013 11:19:56 PM

NFW
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Bigwaynef
Champion Author South Carolina

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Message Posted: Feb 11, 2013 11:19:55 PM

Who knows they might have to play catch-up!
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SteelPenny
Champion Author Dallas

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Message Posted: Feb 11, 2013 11:18:55 PM

But it won't.
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10k
Champion Author North Carolina

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Message Posted: Feb 11, 2013 11:18:28 PM

so in order for prices to fall, we should get a 2 foot snowfall weekly ??..great..
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ricebike
Champion Author New Jersey

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Message Posted: Feb 11, 2013 11:17:54 PM

prices are still going up... this article blows
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wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 11, 2013 11:17:33 PM

Not here.
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bridgerunner
Champion Author Virginia

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Message Posted: Feb 11, 2013 11:15:47 PM

It didn't help us.
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AnObserver
Champion Author New Jersey

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Message Posted: Feb 11, 2013 11:15:42 PM

Can't travel = gas surplus (snowblowers use far less fuel)
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Blackice
Champion Author Twin Cities

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Message Posted: Feb 11, 2013 11:15:14 PM

Is that why it went up 15 cents here today?!
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srchr
Champion Author San Jose

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Message Posted: Feb 11, 2013 11:15:06 PM

need more refineries
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goalie1950
Champion Author Phoenix

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Message Posted: Feb 11, 2013 11:14:59 PM

Wishfull thinking on someone's part.
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