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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

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Ray_10589 Champion Author New York Posts:4,961 Points:1,185,910 Joined:May 2009	Message Posted: Feb 13, 2013 9:51:34 PM Ignore Ray_10589 Report Abuse no ... just greed
endymion All-Star Author New York Posts:843 Points:174,630 Joined:Nov 2012	Message Posted: Feb 12, 2013 3:50:26 PM Ignore endymion Report Abuse relief will really arrive on January 20, 2017
streetdesign All-Star Author Illinois Posts:551 Points:577,695 Joined:May 2011	Message Posted: Feb 12, 2013 8:05:24 AM Ignore streetdesign Report Abuse The only relief is money from our wallets as prices continue to climb.
eschroth442 Champion Author Cleveland Posts:1,094 Points:335,670 Joined:Nov 2011	Message Posted: Feb 12, 2013 7:17:48 AM Ignore eschroth442 Report Abuse no relief here, prices jumped 20 cents last night
Straitliner Champion Author Illinois Posts:1,520 Points:240,450 Joined:Sep 2012	Message Posted: Feb 12, 2013 5:22:41 AM Ignore Straitliner Report Abuse When donkeys fly.
eddiebauzer Rookie Author Seattle Posts:12 Points:58,515 Joined:Oct 2012	Message Posted: Feb 12, 2013 12:02:45 AM Ignore eddiebauzer Report Abuse Gas prices are always quick to rise, but go down very slowly if at all.
alterman156 Champion Author New York Posts:7,500 Points:1,559,700 Joined:Dec 2008	Message Posted: Feb 11, 2013 11:53:58 PM Ignore alterman156 Report Abuse No relief in my area.
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: Feb 11, 2013 11:52:50 PM Ignore Focus2 Report Abuse With all the cancelled flights, that should have reduced the demand for jet fuel!
Harry813 Champion Author Iowa Posts:3,020 Points:664,790 Joined:Jul 2011	Message Posted: Feb 11, 2013 11:51:36 PM Ignore Harry813 Report Abuse Definitely no relief here !
smartdilbert Rookie Author Oregon Posts:45 Points:124,485 Joined:Mar 2011	Message Posted: Feb 11, 2013 11:51:23 PM Ignore smartdilbert Report Abuse please tell me when???
52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Feb 11, 2013 11:50:30 PM Ignore 52MPG Report Abuse GasBuddy charts show oil level but gas prices going up.
Darwin00 All-Star Author Mississippi Posts:832 Points:272,495 Joined:Dec 2010	Message Posted: Feb 11, 2013 11:49:27 PM Ignore Darwin00 Report Abuse ok
jetskijerry Champion Author North Carolina Posts:3,911 Points:775,195 Joined:Mar 2011	Message Posted: Feb 11, 2013 11:49:14 PM Ignore jetskijerry Report Abuse greed.
jetskijerry Champion Author North Carolina Posts:3,911 Points:775,195 Joined:Mar 2011	Message Posted: Feb 11, 2013 11:48:51 PM Ignore jetskijerry Report Abuse crooks
CivicMA Champion Author Boston Posts:1,907 Points:538,020 Joined:Jun 2011	Message Posted: Feb 11, 2013 11:47:47 PM Ignore CivicMA Report Abuse Sure, I saw that relief today with prices increasing another nickle/gallon! Such a deal . . . I can do without, thank you.
Brucevanf Champion Author New Brunswick Posts:1,371 Points:247,210 Joined:Aug 2012	Message Posted: Feb 11, 2013 11:47:41 PM Ignore Brucevanf Report Abuse Believe it when I see it.
sjhman Veteran Author Atlanta Posts:410 Points:279,170 Joined:Sep 2008	Message Posted: Feb 11, 2013 11:47:27 PM Ignore sjhman Report Abuse For now and then it will cause a price raise
wz Champion Author Twin Cities Posts:2,499 Points:1,280,040 Joined:Feb 2009	Message Posted: Feb 11, 2013 11:46:49 PM Ignore wz Report Abuse Winter storms discourage driving (except for snow plows), which saves fuel. This weekend's storm cancelled some events and saved me over 100 miles.
unicornpmb Champion Author Buffalo Posts:8,506 Points:1,632,440 Joined:Sep 2005	Message Posted: Feb 11, 2013 11:43:03 PM Ignore unicornpmb Report Abuse Not in the area of the storm.
KrsnaDragon Champion Author Montreal Posts:2,422 Points:534,325 Joined:Nov 2011	Message Posted: Feb 11, 2013 11:40:34 PM Ignore KrsnaDragon Report Abuse Speculation breeds despair.
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: Feb 11, 2013 11:37:35 PM Ignore Focus2 Report Abuse And that is supposed to affect pump prices immediately? Goes up fast, comes down slow.
RAE344 Champion Author Virginia Beach Posts:3,081 Points:664,445 Joined:Jun 2011	Message Posted: Feb 11, 2013 11:37:34 PM Ignore RAE344 Report Abuse Now why would anyone wish horrible things to other fellow citizens just to save a few bucks.
silverfox63 Champion Author Michigan Posts:8,130 Points:1,613,665 Joined:Oct 2008	Message Posted: Feb 11, 2013 11:35:45 PM Ignore silverfox63 Report Abuse Ya, right. I believe this as much as there is a mountain of gold in my back yard.
sehonda Champion Author Honolulu Posts:2,048 Points:917,960 Joined:May 2009	Message Posted: Feb 11, 2013 11:35:44 PM Ignore sehonda Report Abuse only temporary
Zonk Champion Author Michigan Posts:6,496 Points:2,105,690 Joined:Oct 2005	Message Posted: Feb 11, 2013 11:35:38 PM Ignore Zonk Report Abuse I don't look for pump prices to come down.
Gary9696 Champion Author Detroit Posts:1,129 Points:231,680 Joined:Jul 2008	Message Posted: Feb 11, 2013 11:35:29 PM Ignore Gary9696 Report Abuse This sounds like it might happen, and it might not happen.
ShadowACE Champion Author Boston Posts:9,033 Points:2,152,500 Joined:Jun 2006	Message Posted: Feb 11, 2013 11:35:19 PM Ignore ShadowACE Report Abuse Wanna bet?
PrinceLH Champion Author Ontario Posts:2,707 Points:540,970 Joined:Jun 2011	Message Posted: Feb 11, 2013 11:33:48 PM Ignore PrinceLH Report Abuse They should force speculators to hold stock, 48 hours after being purchased. It would slow down the flipping by day traders.
pa79th Champion Author Pennsylvania Posts:1,797 Points:1,219,025 Joined:Jun 2007	Message Posted: Feb 11, 2013 11:32:25 PM Ignore pa79th Report Abuse Only way we will get relief is to destroy the futures market. That is what drives prices up up up up!
1Boog Champion Author Lincoln Posts:5,986 Points:1,203,850 Joined:May 2004	Message Posted: Feb 11, 2013 11:27:21 PM Ignore 1Boog Report Abuse wouldn't hold my breath!!
streetcars Champion Author Toledo Posts:12,279 Points:2,609,565 Joined:Apr 2005	Message Posted: Feb 11, 2013 11:27:13 PM Ignore streetcars Report Abuse Gas up another 20 cents or so around here.
rippinusoff Champion Author Lexington Posts:7,418 Points:1,490,700 Joined:May 2007	Message Posted: Feb 11, 2013 11:26:51 PM Ignore rippinusoff Report Abuse sure
arb0526 Champion Author Greensboro Posts:1,991 Points:413,545 Joined:Mar 2011	Message Posted: Feb 11, 2013 11:26:33 PM Ignore arb0526 Report Abuse 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?
crreed1 Champion Author West Virginia Posts:2,000 Points:2,529,260 Joined:May 2005	Message Posted: Feb 11, 2013 11:26:20 PM Ignore crreed1 Report Abuse it's as high as 3.70 here
prorodeo2012 All-Star Author Bakersfield Posts:528 Points:181,595 Joined:Sep 2012	Message Posted: Feb 11, 2013 11:26:15 PM Ignore prorodeo2012 Report Abuse going up in bakersfield
LKnight598 All-Star Author South Carolina Posts:823 Points:190,390 Joined:Nov 2005	Message Posted: Feb 11, 2013 11:25:16 PM Ignore LKnight598 Report Abuse Remaining the same here...not going down.
Bubba44612 Champion Author Ohio Posts:7,411 Points:1,880,005 Joined:Aug 2005	Message Posted: Feb 11, 2013 11:24:15 PM Ignore Bubba44612 Report Abuse Right Greedway just raised gas $.30 a gallon today.
goldrose1 Champion Author Cleveland Posts:10,956 Points:1,927,755 Joined:Feb 2005	Message Posted: Feb 11, 2013 11:23:04 PM Ignore goldrose1 Report Abuse Prices went up again. Didn't help here.
mfeldstein Champion Author Ottawa Posts:8,186 Points:1,933,405 Joined:Feb 2007	Message Posted: Feb 11, 2013 11:22:14 PM Ignore mfeldstein Report Abuse here come the gougers.
ManOfLeisureII Champion Author Philadelphia Posts:1,889 Points:457,075 Joined:Jan 2012	Message Posted: Feb 11, 2013 11:19:56 PM Ignore ManOfLeisureII Report Abuse NFW
Bigwaynef Champion Author South Carolina Posts:11,495 Points:2,083,685 Joined:Dec 2006	Message Posted: Feb 11, 2013 11:19:55 PM Ignore Bigwaynef Report Abuse Who knows they might have to play catch-up!
SteelPenny Champion Author Dallas Posts:31,003 Points:2,609,665 Joined:Sep 2005	Message Posted: Feb 11, 2013 11:18:55 PM Ignore SteelPenny Report Abuse But it won't.
10k Champion Author North Carolina Posts:21,276 Points:2,256,945 Joined:May 2006	Message Posted: Feb 11, 2013 11:18:28 PM Ignore 10k Report Abuse so in order for prices to fall, we should get a 2 foot snowfall weekly ??..great..
ricebike Champion Author New Jersey Posts:10,043 Points:1,857,670 Joined:Oct 2005	Message Posted: Feb 11, 2013 11:17:54 PM Ignore ricebike Report Abuse prices are still going up... this article blows
wshokie12 Champion Author Winston-Salem Posts:1,330 Points:219,260 Joined:Aug 2012	Message Posted: Feb 11, 2013 11:17:33 PM Ignore wshokie12 Report Abuse Not here.
bridgerunner Champion Author Virginia Posts:4,802 Points:1,009,760 Joined:Jul 2009	Message Posted: Feb 11, 2013 11:15:47 PM Ignore bridgerunner Report Abuse It didn't help us.
AnObserver Champion Author New Jersey Posts:8,374 Points:2,261,680 Joined:Sep 2005	Message Posted: Feb 11, 2013 11:15:42 PM Ignore AnObserver Report Abuse Can't travel = gas surplus (snowblowers use far less fuel)
Blackice Champion Author Twin Cities Posts:4,451 Points:1,213,755 Joined:Oct 2003	Message Posted: Feb 11, 2013 11:15:14 PM Ignore Blackice Report Abuse Is that why it went up 15 cents here today?!
srchr Champion Author San Jose Posts:7,264 Points:1,622,000 Joined:Apr 2008	Message Posted: Feb 11, 2013 11:15:06 PM Ignore srchr Report Abuse need more refineries
goalie1950 Champion Author Phoenix Posts:6,425 Points:1,299,345 Joined:Oct 2009	Message Posted: Feb 11, 2013 11:14:59 PM Ignore goalie1950 Report Abuse Wishfull thinking on someone's part.