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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:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Nov 19, 2012 2:53:42 AM Ignore honda0105 Report Abuse well, Kar, I guess it depends on how the wind blows? LOL
KAR120CSII Champion Author Oregon Posts:3,157 Points:616,595 Joined:Apr 2010	Message Posted: Nov 18, 2012 6:23:40 PM Ignore KAR120CSII Report Abuse Which is it? Still too high at $3.50.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Nov 18, 2012 4:24:11 AM Ignore honda0105 Report Abuse on the rise again.. .went to 3.28 avg. here, now up to 3.30+ again.
99dakota Champion Author Providence Posts:8,087 Points:2,168,025 Joined:Oct 2006	Message Posted: Nov 17, 2012 9:02:50 PM Ignore 99dakota Report Abuse hope it keeps dropping, but not likely...
Delta258 Sophomore Author Fresno Posts:106 Points:21,110 Joined:Jun 2011	Message Posted: Nov 16, 2012 10:59:06 PM Ignore Delta258 Report Abuse not dropping fast enough
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Nov 16, 2012 9:07:45 PM Ignore honda0105 Report Abuse diesel is on the upswing... get ready for some BOHICA.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Nov 16, 2012 3:02:33 AM Ignore honda0105 Report Abuse going up already again...
KAR120CSII Champion Author Oregon Posts:3,157 Points:616,595 Joined:Apr 2010	Message Posted: Nov 13, 2012 11:06:14 PM Ignore KAR120CSII Report Abuse Leveling here at about $3.50. [Edited by: KAR120CSII at 11/14/2012 2:07:06 AM EST]
EdWoods Veteran Author Maryland Posts:416 Points:62,725 Joined:Aug 2012	Message Posted: Nov 13, 2012 6:34:56 PM Ignore EdWoods Report Abuse $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....
CapriceWagon All-Star Author Washington Posts:929 Points:474,770 Joined:Feb 2008	Message Posted: Nov 13, 2012 2:15:36 PM Ignore CapriceWagon Report Abuse Bottom line is we have no clue, it could do anything.
WalRus49 Champion Author Boston Posts:4,050 Points:863,890 Joined:Nov 2010	Message Posted: Nov 13, 2012 5:25:55 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage............................
Bearcat500 Champion Author Cincinnati Posts:9,703 Points:1,626,485 Joined:Nov 2005	Message Posted: Nov 13, 2012 4:27:48 AM Ignore Bearcat500 Report Abuse 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.
GLM4205 Champion Author Toledo Posts:4,032 Points:795,320 Joined:Dec 2010	Message Posted: Nov 13, 2012 4:08:07 AM Ignore GLM4205 Report Abuse what gas prices going down where???? It went up to 3.59 here from 3.38/gal.
Jeffro61 Champion Author Cleveland Posts:2,247 Points:2,280,895 Joined:Oct 2005	Message Posted: Nov 13, 2012 3:19:52 AM Ignore Jeffro61 Report Abuse Economic recovery needs lower energy prices.
Aserdaten Champion Author Florida Posts:3,462 Points:2,048,945 Joined:Apr 2006	Message Posted: Nov 13, 2012 3:11:42 AM Ignore Aserdaten Report Abuse 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!
TigerRose Champion Author Illinois Posts:14,886 Points:2,825,400 Joined:Mar 2004	Message Posted: Nov 13, 2012 3:08:34 AM Ignore TigerRose Report Abuse 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.
fillerupyeoww Champion Author Columbus Posts:5,859 Points:1,645,440 Joined:Mar 2008	Message Posted: Nov 13, 2012 3:06:19 AM Ignore fillerupyeoww Report Abuse Fill 'er up now. Oops... too late.
arb0526 Champion Author Greensboro Posts:1,951 Points:406,395 Joined:Mar 2011	Message Posted: Nov 13, 2012 3:03:12 AM Ignore arb0526 Report Abuse leave it to the pessimistics of the world to create chaos
jobo74 All-Star Author Ontario Posts:916 Points:771,985 Joined:May 2010	Message Posted: Nov 13, 2012 3:00:57 AM Ignore jobo74 Report Abuse great more non supply and demand type activity!
Ferdman17 Champion Author Albany Posts:1,263 Points:370,310 Joined:Feb 2012	Message Posted: Nov 13, 2012 2:59:48 AM Ignore Ferdman17 Report Abuse Keep dropping
Bill100 Champion Author Grand Rapids Posts:41,451 Points:1,157,960 Joined:Jan 2010	Message Posted: Nov 13, 2012 2:59:24 AM Ignore Bill100 Report Abuse May rise? $3.41 to 3.69 yesterday. Not may rise. Did rise. No doubt and no maybe about it.
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Nov 13, 2012 2:57:16 AM Ignore throttle Report Abuse I never saw much of a drop.
oas Champion Author Maryland Posts:4,205 Points:2,136,440 Joined:Feb 2005	Message Posted: Nov 13, 2012 2:55:59 AM Ignore oas Report Abuse It's good to see prices down some, but they should be (at least) below $3.00
LeeFree Champion Author Pittsburgh Posts:9,126 Points:2,238,475 Joined:Jun 2005	Message Posted: Nov 13, 2012 2:55:54 AM Ignore LeeFree Report Abuse Talk about a waffelly prediction! It may go up, down, or stay the same. Gee, any other possibilities?
WaWanderer Champion Author Washington Posts:4,310 Points:581,950 Joined:Oct 2011	Message Posted: Nov 13, 2012 2:55:20 AM Ignore WaWanderer Report Abuse Old news
jethro5000 Champion Author Kentucky Posts:1,852 Points:386,260 Joined:Jun 2005	Message Posted: Nov 13, 2012 2:55:16 AM Ignore jethro5000 Report Abuse "may rise" ... I would bet on it!!!
ILVET Champion Author Illinois Posts:14,769 Points:2,920,640 Joined:Jan 2005	Message Posted: Nov 13, 2012 2:52:54 AM Ignore ILVET Report Abuse We did get a little relief
roland1971 Champion Author Virginia Posts:1,484 Points:325,610 Joined:Mar 2012	Message Posted: Nov 13, 2012 2:51:53 AM Ignore roland1971 Report Abuse Ok
slgas Champion Author Houston Posts:6,005 Points:1,557,565 Joined:Oct 2008	Message Posted: Nov 13, 2012 2:51:02 AM Ignore slgas Report Abuse I'm happy to find it readily available at $2.93 here.
Gellin Champion Author Michigan Posts:9,726 Points:2,737,655 Joined:Apr 2005	Message Posted: Nov 13, 2012 2:50:58 AM Ignore Gellin Report Abuse Greedway just jacked it up 30+ cents here and all the other lemmings followed.
neptune2008 Champion Author Michigan Posts:8,552 Points:1,664,955 Joined:Aug 2008	Message Posted: Nov 13, 2012 2:49:37 AM Ignore neptune2008 Report Abuse up 40 cents here...awesome
SavingInNC Champion Author North Carolina Posts:5,762 Points:1,089,240 Joined:Oct 2006	Message Posted: Nov 13, 2012 2:49:15 AM Ignore SavingInNC Report Abuse It needs to go down another $1.50.
madison8359 Champion Author Cleveland Posts:8,977 Points:1,589,295 Joined:Apr 2008	Message Posted: Nov 13, 2012 2:48:31 AM Ignore madison8359 Report Abuse Already moving up here.
jeff95519 Champion Author California Posts:2,432 Points:1,350,240 Joined:Sep 2008	Message Posted: Nov 13, 2012 2:46:50 AM Ignore jeff95519 Report Abuse will see
4bobux Champion Author Peoria Posts:1,962 Points:409,230 Joined:Mar 2012	Message Posted: Nov 13, 2012 2:46:49 AM Ignore 4bobux Report Abuse no, really?
gravityhurts Champion Author North Carolina Posts:4,073 Points:933,505 Joined:Sep 2008	Message Posted: Nov 13, 2012 2:46:23 AM Ignore gravityhurts Report Abuse May rise? Well of course it will. Have you ever seen prices go down and stay?
Brucevanf Champion Author New Brunswick Posts:1,336 Points:240,285 Joined:Aug 2012	Message Posted: Nov 13, 2012 2:46:22 AM Ignore Brucevanf Report Abuse OK
pfone1847 Champion Author Illinois Posts:3,166 Points:619,580 Joined:Oct 2010	Message Posted: Nov 13, 2012 2:46:07 AM Ignore pfone1847 Report Abuse ok
kirzon484 Champion Author Atlanta Posts:1,841 Points:428,310 Joined:Jun 2011	Message Posted: Nov 13, 2012 2:45:11 AM Ignore kirzon484 Report Abuse hmmmm
isem Champion Author Missouri Posts:1,902 Points:418,305 Joined:Feb 2012	Message Posted: Nov 13, 2012 2:45:05 AM Ignore isem Report Abuse Déjà vu
KrsnaDragon Champion Author Montreal Posts:2,387 Points:527,400 Joined:Nov 2011	Message Posted: Nov 13, 2012 2:42:58 AM Ignore KrsnaDragon Report Abuse Interesting.
TxMtb Champion Author Ohio Posts:1,515 Points:339,355 Joined:Feb 2012	Message Posted: Nov 13, 2012 2:42:02 AM Ignore TxMtb Report Abuse And it jumped .25 yesterday, wrong direction.
tc316 Champion Author Twin Cities Posts:10,761 Points:1,722,655 Joined:Apr 2007	Message Posted: Nov 13, 2012 2:40:31 AM Ignore tc316 Report Abuse Old
Brucevanf Champion Author New Brunswick Posts:1,336 Points:240,285 Joined:Aug 2012	Message Posted: Nov 13, 2012 2:39:20 AM Ignore Brucevanf Report Abuse It needs to keep dropping.
RichWLIN Champion Author Indiana Posts:4,067 Points:634,640 Joined:Jun 2011	Message Posted: Nov 13, 2012 2:39:18 AM Ignore RichWLIN Report Abuse Always more speculation.
stpetebp Champion Author Tampa Posts:6,201 Points:1,728,580 Joined:Nov 2007	Message Posted: Nov 13, 2012 2:39:00 AM Ignore stpetebp Report Abuse Speculation will bring up prices again
mberg Champion Author Houston Posts:3,782 Points:955,505 Joined:Aug 2010	Message Posted: Nov 13, 2012 2:37:45 AM Ignore mberg Report Abuse Have been below $3 locally for several weeks now.
ystr Champion Author New Jersey Posts:1,697 Points:343,610 Joined:Apr 2012	Message Posted: Nov 13, 2012 2:35:57 AM Ignore ystr Report Abuse It is about time.
Maintroll Champion Author Lexington Posts:8,609 Points:1,698,160 Joined:Aug 2008	Message Posted: Nov 13, 2012 2:33:11 AM Ignore Maintroll Report Abuse At $3.55 plus per gallon it is still over $1.00 per gallon too high.
Pozole Champion Author Portland Posts:9,572 Points:1,590,520 Joined:Mar 2005	Message Posted: Nov 13, 2012 2:32:16 AM Ignore Pozole Report Abuse ...it never lasts, does it ?...