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GasBuddy News Article

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Drops in national average likely to ebb, may level off or rise

GasBuddy Blog -- The national average has come down a long way in the last month, but the good news may end there: it's likely that the decreases begin fizzling, and in some areas, increases may be on the horizon.

Since October 12, one month ago, the national average has shed 33c/gal, falling today to an average of $3.46, just two cents away from where it was a year ago. Last year, however, the national average continued decreasing until Christmas, when it bottomed out at $3.231/gal. For that to happen this year, prices would need to shed another 23c/gal, something that just at this point doesn't seem so feasible anymore.

While I had forecast that the national average could drop to $3.35/gal by Thanksgiving, I'm beginning to wonder if it...


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Submitted Nov 12, 2012 By: PD
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honda0105
Champion Author Tallahassee

Posts:22,464
Points:2,113,115
Joined:Nov 2008
Message Posted: Nov 19, 2012 2:53:42 AM

well, Kar, I guess it depends on how the wind blows? LOL
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KAR120CSII
Champion Author Oregon

Posts:5,181
Points:1,016,900
Joined:Apr 2010
Message Posted: Nov 18, 2012 6:23:40 PM

Which is it? Still too high at $3.50.
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honda0105
Champion Author Tallahassee

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Points:2,113,115
Joined:Nov 2008
Message Posted: Nov 18, 2012 4:24:11 AM

on the rise again.. .went to 3.28 avg. here, now up to 3.30+ again.
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99dakota
Champion Author Providence

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Joined:Oct 2006
Message Posted: Nov 17, 2012 9:02:50 PM

hope it keeps dropping, but not likely...
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Delta258
Sophomore Author Fresno

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Points:21,110
Joined:Jun 2011
Message Posted: Nov 16, 2012 10:59:06 PM

not dropping fast enough
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honda0105
Champion Author Tallahassee

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Points:2,113,115
Joined:Nov 2008
Message Posted: Nov 16, 2012 9:07:45 PM

diesel is on the upswing... get ready for some BOHICA.
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honda0105
Champion Author Tallahassee

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Points:2,113,115
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Message Posted: Nov 16, 2012 3:02:33 AM

going up already again...
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KAR120CSII
Champion Author Oregon

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Message Posted: Nov 13, 2012 11:06:14 PM

Leveling here at about $3.50.

[Edited by: KAR120CSII at 11/14/2012 2:07:06 AM EST]
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EdWoods
Champion Author Maryland

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Points:357,365
Joined:Aug 2012
Message Posted: Nov 13, 2012 6:34:56 PM

$2.99??..... What this nation needs for economic recovery is $0.99 Gas. Of course, since the Head Environut has been re-elected, that won't happen....
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CapriceWagon
Champion Author Washington

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Message Posted: Nov 13, 2012 2:15:36 PM

Bottom line is we have no clue, it could do anything.
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WalRus49
Champion Author Boston

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Message Posted: Nov 13, 2012 5:25:55 AM

More organized mayhem and pillage............................
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Bearcat500
Champion Author Cincinnati

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Message Posted: Nov 13, 2012 4:27:48 AM

Speedway here is making sure the Thankgiving traveller will have to bend over here before they fill their vehicle. Now it is now up to $3.59. They still have a week and a half to go. $4.00 a gallon by Thanksgiving? I wouldn't put it past these robber barons.
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GLM4205
Champion Author Toledo

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Message Posted: Nov 13, 2012 4:08:07 AM

what gas prices going down where???? It went up to 3.59 here from 3.38/gal.
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Jeffro61
Champion Author Cleveland

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Message Posted: Nov 13, 2012 3:19:52 AM

Economic recovery needs lower energy prices.
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Aserdaten
Champion Author Florida

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Message Posted: Nov 13, 2012 3:11:42 AM

I guess we're fortunate at this time to see prices in Central Florida that are well below the national average. Regarding that $3.23 by Christmas, several places in the Tampa Bay area are already cheaper than that. And don't be giving Big Oil any ideas by predicting a price rebound in the near future!
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TigerRose
Champion Author Illinois

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Message Posted: Nov 13, 2012 3:08:34 AM

Took advantage of a Veteran's Day
Special [local only - don't expect this
everywhere] at the USA gas station in town.

Filled my tank, to the tune of only
$3.09 per gallon, regular.

My muscle car, (& my pocketbook, too)
will be happy for a long time.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Nov 13, 2012 3:06:19 AM

Fill 'er up now. Oops... too late.
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arb0526
Champion Author Greensboro

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Message Posted: Nov 13, 2012 3:03:12 AM

leave it to the pessimistics of the world to create chaos
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jobo74
Champion Author Ontario

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Message Posted: Nov 13, 2012 3:00:57 AM

great more non supply and demand type activity!
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Ferdman17
Champion Author Albany

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Message Posted: Nov 13, 2012 2:59:48 AM

Keep dropping
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Bill100
Champion Author Grand Rapids

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Message Posted: Nov 13, 2012 2:59:24 AM

May rise? $3.41 to 3.69 yesterday. Not may rise. Did rise. No doubt and no maybe about it.
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throttle
Champion Author Maryland

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Message Posted: Nov 13, 2012 2:57:16 AM

I never saw much of a drop.
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oas
Champion Author Maryland

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Message Posted: Nov 13, 2012 2:55:59 AM

It's good to see prices down some, but they should be (at least) below $3.00
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LeeFree
Champion Author Pittsburgh

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Message Posted: Nov 13, 2012 2:55:54 AM

Talk about a waffelly prediction! It may go up, down, or stay the same. Gee, any other possibilities?
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WaWanderer
Champion Author Washington

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Message Posted: Nov 13, 2012 2:55:20 AM

Old news
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jethro5000
Champion Author Kentucky

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Message Posted: Nov 13, 2012 2:55:16 AM

"may rise" ... I would bet on it!!!
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ILVET
Champion Author Illinois

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Message Posted: Nov 13, 2012 2:52:54 AM

We did get a little relief
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roland1971
Champion Author Virginia

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Message Posted: Nov 13, 2012 2:51:53 AM

Ok
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slgas
Champion Author Houston

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Joined:Oct 2008
Message Posted: Nov 13, 2012 2:51:02 AM

I'm happy to find it readily available at $2.93 here.
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Gellin
Champion Author Michigan

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Message Posted: Nov 13, 2012 2:50:58 AM

Greedway just jacked it up 30+ cents here and all the other lemmings followed.
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neptune2008
Champion Author Michigan

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Message Posted: Nov 13, 2012 2:49:37 AM

up 40 cents here...awesome
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SavingInNC
Champion Author North Carolina

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Message Posted: Nov 13, 2012 2:49:15 AM

It needs to go down another $1.50.
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madison8359
Champion Author Cleveland

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Message Posted: Nov 13, 2012 2:48:31 AM

Already moving up here.
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jeff95519
Champion Author California

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Message Posted: Nov 13, 2012 2:46:50 AM

will see
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4bobux
Champion Author Peoria

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Joined:Mar 2012
Message Posted: Nov 13, 2012 2:46:49 AM

no, really?
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gravityhurts
Champion Author North Carolina

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Joined:Sep 2008
Message Posted: Nov 13, 2012 2:46:23 AM

May rise? Well of course it will. Have you ever seen prices go down and stay?
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Brucevanf
Champion Author New Brunswick

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Joined:Aug 2012
Message Posted: Nov 13, 2012 2:46:22 AM

OK
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pfone1847
Champion Author Illinois

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Joined:Oct 2010
Message Posted: Nov 13, 2012 2:46:07 AM

ok
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kirzon484
Champion Author Atlanta

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Joined:Jun 2011
Message Posted: Nov 13, 2012 2:45:11 AM

hmmmm
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isem
Champion Author Missouri

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Joined:Feb 2012
Message Posted: Nov 13, 2012 2:45:05 AM

Déjà vu
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KrsnaDragon
Champion Author Montreal

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Joined:Nov 2011
Message Posted: Nov 13, 2012 2:42:58 AM

Interesting.
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TxMtb
Champion Author Ohio

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Joined:Feb 2012
Message Posted: Nov 13, 2012 2:42:02 AM

And it jumped .25 yesterday, wrong direction.
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tc316
Champion Author Twin Cities

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Joined:Apr 2007
Message Posted: Nov 13, 2012 2:40:31 AM

Old
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Brucevanf
Champion Author New Brunswick

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Points:745,935
Joined:Aug 2012
Message Posted: Nov 13, 2012 2:39:20 AM

It needs to keep dropping.
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RichWLIN
Champion Author Indiana

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Joined:Jun 2011
Message Posted: Nov 13, 2012 2:39:18 AM

Always more speculation.
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stpetebp
Champion Author Tampa

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Joined:Nov 2007
Message Posted: Nov 13, 2012 2:39:00 AM

Speculation will bring up prices again
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mberg
Champion Author Houston

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Message Posted: Nov 13, 2012 2:37:45 AM

Have been below $3 locally for several weeks now.
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ystr
Champion Author New Jersey

Posts:4,048
Points:851,400
Joined:Apr 2012
Message Posted: Nov 13, 2012 2:35:57 AM

It is about time.
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Maintroll
Champion Author Lexington

Posts:10,956
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Joined:Aug 2008
Message Posted: Nov 13, 2012 2:33:11 AM

At $3.55 plus per gallon it is still over $1.00 per gallon too high.
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Pozole
Champion Author Portland

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Joined:Mar 2005
Message Posted: Nov 13, 2012 2:32:16 AM

...it never lasts, does it ?...
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