Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Regarding Gas Prices.Could Prices Continue To Fall With A Possible Crude Glut?,2009 All Over Again?

Posted on 05/18/2012 8:21:16 PM PDT by Reality_News

Does anyone here have any insight of what is going on with the weekly drops in gas prices? Can we expect gas to finally drop below $3.00 a gallon before summer? Over the last few weeks,gas prices have been dropping a penny or two daily.Fox News mentioned that the demand in China has finally slowed down.What are the gas prices in your town? Lowest in Naples,Florida is $3.49.


TOPICS: Business/Economy; Chit/Chat; Travel
KEYWORDS:

1 posted on 05/18/2012 8:21:24 PM PDT by Reality_News
[ Post Reply | Private Reply | View Replies]

To: Reality_News
Dems in the Senate wrote a letter and asked the Saudis to increase oil production to make up the oil lost from the Iranian embargo. Republicans have not really gone after him for that so few know it, I assume Obama admin did the same.
2 posted on 05/18/2012 8:25:09 PM PDT by sickoflibs (Romney is a liberal. Just watch him closely try to screw us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Memphis, Tn. Cosco 3.14


3 posted on 05/18/2012 8:25:41 PM PDT by Coldwater Creek (He who dwells in the shelter of the Most High will rest in the shadow of the Almighty Psalm 91:)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

“Continue to fall”?

Our gas went up 30 cents a week ago, and is still climbing.


4 posted on 05/18/2012 8:26:18 PM PDT by Politicalmom (THIS IS NOT A GOP CHEERLEADING SITE!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Most likely as I see it is the SHTF in Iran very shortly and gas going to $5+/gallon.


5 posted on 05/18/2012 8:29:38 PM PDT by varmintman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

the highest i saw regular hit in naples was around $4.05/06.It has been going down daily at least for the last 3 weeks. we can only pray to see the “2’s” again by mid-june.


6 posted on 05/18/2012 8:31:22 PM PDT by Reality_News
[ Post Reply | Private Reply | To 1 | View Replies]

To: Politicalmom

Sorry to hear it, but my gas price is down roughly 30-40 cents over the past month or so.


7 posted on 05/18/2012 8:31:30 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 4 | View Replies]

To: Reality_News

WHAT drop? Regular in SoCal is ~$4.45/gallon.


8 posted on 05/18/2012 8:32:37 PM PDT by Fast Moving Angel (A moral wrong is not a civil right: No religious sanction of an irreligious act.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Paid $3.77/87 octane in MA this afternoon
Still high 3.90’s/low 4.’s in CT
Same for NY State


9 posted on 05/18/2012 8:32:45 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!


10 posted on 05/18/2012 8:34:01 PM PDT by Reality_News
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

$4.35 gallon here in Orange County, California


11 posted on 05/18/2012 8:35:27 PM PDT by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Gas here in western Washington is around $4.25. Gas has been going UP.


12 posted on 05/18/2012 8:38:07 PM PDT by ConjunctionJunction
[ Post Reply | Private Reply | To 1 | View Replies]

To: Parley Baer

I Have a feeling those greedy bastards in cally will be the last in line to drop their prices at the same pace crude goes down. another good reason to move out of MoonBeam Land.


13 posted on 05/18/2012 8:39:23 PM PDT by Reality_News
[ Post Reply | Private Reply | To 11 | View Replies]

To: Reality_News
just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon.

Honestly that sort of thing does worry me. No offense to anyone, but I hope gas is $6/gallon election day. That's one thing the sheeple notice.

14 posted on 05/18/2012 8:41:59 PM PDT by Marathoner (If the election was Obama vs. Satan I'd have to flip a coin.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Reality_News

Is the “one” sneaking out releases from the US Petroleum Reserve in order to help with his re-election? The news has said nothing about it, but then they often over look such Rat “tricks.”


15 posted on 05/18/2012 8:44:52 PM PDT by ghostrider
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Someone forgot to tell the stations in California...!!


16 posted on 05/18/2012 8:46:22 PM PDT by Bradís Gramma (PRAY for this country like your life depends on it......because it DOES!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Nipped down to $3.999 and then $3.979 at my station here in Chicagoland. My opinion is that low demand is a big factor in this. In other words, as much as lower gas prices are good for you and me, they are a bad economic sign.


17 posted on 05/18/2012 8:47:29 PM PDT by dr_lew
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

In the Catch22 world we live in, if it starts to look as though Romney might win the election we could see gas prices fall significantly on the expectation of traders that he will increase domestic oil availability thus lowering the price - which of course could help Obama do better in the election since he will still be in office and will undoubtedly take credit for any improvement in the situation.....


18 posted on 05/18/2012 8:48:39 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News
Does anyone here have any insight of what is going on with the weekly drops in gas prices?

What weekly price drops?! Has not come down at all where I am at. Just paid $4.35 a gallon for mid grade. Regular is still at $4.25. Add 10 cents to those prices if you pay by credit card at the pump.

19 posted on 05/18/2012 8:49:27 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: gunsequalfreedom

i see that in the “Deep Blue States”, they wont lower the price for obvious reasons,,,so typical of a “Rat Run State” but way over here in the “Deep Red States”,,,its been a bit lower. If u live in a state that is in dire straights,,you probably wont see much action in lower gas prices. You may as well Move Out !!!


20 posted on 05/18/2012 8:54:33 PM PDT by Reality_News
[ Post Reply | Private Reply | To 19 | View Replies]

To: Politicalmom; Reality_News

California is always messed up when compared to the rest of the nation.

On a more serious, or perhaps just a more specific note, you guys are your own market in CA, and perhaps there are other factors at play, like refinery capacity.


21 posted on 05/18/2012 8:57:05 PM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 4 | View Replies]

To: FreedomPoster

I was thinking it was the summer formula switch or the summer driving season commencing. It was sure a huge hike, though. I was paying under $4 a couple weeks ago, now it’s up to $4.30 or higher.


22 posted on 05/18/2012 9:01:53 PM PDT by Politicalmom (THIS IS NOT A GOP CHEERLEADING SITE!!!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Reality_News
I Have a feeling those greedy bastards in cally will be the last in line to drop their prices at the same pace crude goes down.

Those 'greedy bastards' are forced to make a special blend of gas they can only sell in California. Limited supply = higher price.

BTW, this is one place where federal regulation is appropriate...there should be one federal standard for different blends of gasoline, and they should be sellable in every state.
23 posted on 05/18/2012 9:02:55 PM PDT by rottndog (Be Prepared for what's coming AFTER America....)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Politicalmom

Ouch. I’m ATL-area, and don’t think I’ve paid more than $4.10 or $4.15, and that’s for 93 octane premium, which you guys generally can’t get, having to make do with your 91 “craptane”.

It’s nicely under $4 now.


24 posted on 05/18/2012 9:05:18 PM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Reality_News

Kennewick, WA. Costco $ 4.02. 5/18/12


25 posted on 05/18/2012 9:09:06 PM PDT by alpo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

“and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!”

By July 4th, gas will be 2.50 a gallon. Obama needs people traveling again. He needs us to have the feeling things are better. Food prices down, shipping costs down which means some jobs created.

Then the media will declare how the energy companies caved because Obama held them off.

Hmmm hmmmm hmmmm


26 posted on 05/18/2012 9:10:49 PM PDT by EQAndyBuzz (Would you rather eat dog food or cat food? Guess it's Romney 2012.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Reality_News

I wish they would fall, they have gone up 25 cents a gallon in the last 4 days here!

Now $4.28 for self serve regular!


27 posted on 05/18/2012 9:15:09 PM PDT by dalereed
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

The fact is speculation and banking is a large part of this. Market conditions have not caused prices to quadruple in a decade and prices at $3-$4 are simply unsustainable. I know this isn’t considered the “conservative” stance and the lack of domestic drilling has been a part of it, but not to this level. Commodities and related derivitives have been used to hedge against mortgages and debt.


28 posted on 05/18/2012 9:15:24 PM PDT by wolfman23601
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

$4.19 in Colville,Wa.


29 posted on 05/18/2012 9:16:46 PM PDT by gunner03
[ Post Reply | Private Reply | To 9 | View Replies]

To: rottndog
BTW, this is one place where federal regulation is appropriate...there should be one federal standard for different blends of gasoline, and they should be sellable in every state.

I'm going to disagree, there, Aside from octane rating.

I'm in North Dakota, and in winter, what works in Texas just might not work here. Non-ethanol blends can have a little added as a drying agent to keep ice out of fuel lines, but put everyone at E10 or E15, and fuel systems are going to suffer.

No.1 Diesel up here in the winter, not No.2, or you'll be gelled up on the side of the road.

Let the FedGov set one standard, and everyone will either pay more or the fuel won't work.

Regional standards make some sense.

What's your state fuel tax? That may be spanking you as well.

30 posted on 05/18/2012 9:17:23 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Reality_News

Gas on the entire west coast is going up due to “refinery issues”. $4.20 for the cheap stuff in Western Washington.

No need for the Republicans to attack President Obama at all. Just replay all of the ridiculous promises he made during his first run for the presidency and then compare them to the present reality. Then when he starts whining that he couldn’t have forseen the economic crisis, time date stamp the promises he made after the crisis started. It would have been the perfect time to pare back his promises, but instead he steeped them up. Let his own words be his own worst enemy.


31 posted on 05/18/2012 9:23:12 PM PDT by Infralutheran
[ Post Reply | Private Reply | To 1 | View Replies]

To: sickoflibs

I’d be happy to pay more for gas if it helps this nation end its experiment with communism......And I hope against hope that conservatives quit referring to unemployment as 8.1 percent, without emphasizing that it’s dropped only because millions have given up looking for work.


32 posted on 05/18/2012 9:31:57 PM PDT by line drive to right
[ Post Reply | Private Reply | To 2 | View Replies]

To: Reality_News
Helpful nationwide map of current gas prices: http://www.georgiagasprices.com/Price_By_County.aspx
33 posted on 05/18/2012 9:40:32 PM PDT by rawhide
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

Good news for Texas today - unemployment now at 6.9%, they say because of increased construction so that means the Mexicans are working again. Gas in Houston suburbs $3.40 to $3.45, $.10 to $.30 higher in the city though. A month ago I paid $3.29 for regular in Guthrie, Oklahoma. Wished at the time that I had a spare 100 gal tank with me.


34 posted on 05/18/2012 9:43:52 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

The domestic supply of crude is at a 10-year high and OPEC members are routinely exceeding their quotas. The market is well supplied with crude, but there is another important factor: Expectation of a future supply disruption (such as might be caused by Mid-East war) is supporting the price of crude.

That said, consumers don’t buy crude. They buy products, such as diesel and gasoline. To be well supplied with products, we must have sufficient refining capacity in use. We’ve lost a substantial amount of East Coast refining capacity in the last 4 or 5 months.

All that said, there’s good reason to think that crude may decline another 20% and gasoline prices will follow (more or less). If Israel bombs Iran, all bets are off.


35 posted on 05/18/2012 9:52:00 PM PDT by AlwaysThinking (Pray, Christian 2 Chron 7:14)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EQAndyBuzz

That’s what the hokey pokey is all about!


36 posted on 05/18/2012 10:06:23 PM PDT by berdie
[ Post Reply | Private Reply | To 26 | View Replies]

To: All

Some data for Arizona and US averages here...

http://www.tucsongasprices.com/retail_price_chart.aspx?city1=Tucson&city2=Arizona&city3=USA%20Average&crude=n&tme=24&units=us


37 posted on 05/18/2012 10:57:16 PM PDT by az_gila
[ Post Reply | Private Reply | To 36 | View Replies]

To: Politicalmom

Right... going up day by day here in Cali. Driving back from tradeshow in Vegas and gassed up in Baker... $4.79!


38 posted on 05/18/2012 10:59:46 PM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: libertarian27

We’re paying $4.45 for premium in central CT....It’s been ages since I *filled* my tank. [3.93-4.09 Reg] ;(

Will welcome *lower prices* ...but they have been going up.


39 posted on 05/18/2012 11:04:14 PM PDT by Daffynition (Our forefathers would be shooting by now.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: antceecee

OUCH!!


40 posted on 05/18/2012 11:43:06 PM PDT by Politicalmom (THIS IS NOT A GOP CHEERLEADING SITE!!!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Politicalmom

Eggssss-ZACTLY!!!


41 posted on 05/19/2012 12:06:03 AM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Reality_News

$3.26 gallon here yesterday.


42 posted on 05/19/2012 1:48:08 AM PDT by bertrand
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News

$3.41 in Lincoln, NE.

(Thanks to our Gay/Lesbian/Liberal City Council that adds taxes to our gas!)


43 posted on 05/19/2012 6:28:00 AM PDT by TexConfederate1861 (Surrender means that the history of this heroic struggle will be written by the enemy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reality_News
$3.36 or so in S.MS.

On another note, I discovered PureGas.org and it shows stations that sell gas sans ethanol. On my first tank (had almost half tank of ethanol-laced still in when I filled up) and appear to be getting about 2 extra MPG with the current 5% mixture. Can't wait to get under 1/4 tanks and fill up again. Costs about 20 cents more per gallon, but it looks like it will pay for itsel in increased mileagae and has to be better for my engine.

Most folks don't realize that ethanol mixes with water (think dry gas), which means that, instead of water in gas station tanks settling into the water collection resevoir, it is absorbed into the ethanol in the gas. This means that you are paying for gasoline, ethanol, and water when you fill up.

I heard some bozo saying that putting ethanol in the gas was saving us $1.00/gal - kind of hard to believe when pure gas is only 20 cents more. Now they want to up the ethanol to 15% - expect to start seeing a bunch of damaged engines.

44 posted on 05/19/2012 6:57:23 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
[ Post Reply | Private Reply | To 1 | View Replies]

To: line drive to right; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale; ...
RE :”I’d be happy to pay more for gas if it helps this nation end its experiment with communism......And I hope against hope that conservatives quit referring to unemployment as 8.1 percent, without emphasizing that it’s dropped only because millions have given up looking for work.

The plan is to keep both gas prices and our taxes low until after Obama is elected and then afterward let them both skyrocket as the debt is. By then it will be too late.

Dems are blocking oil production in this country while asking Saudis to increase their production to get Obama through the election. Don't expect help from Romney as he is a one trick pony.

45 posted on 05/19/2012 10:57:30 AM PDT by sickoflibs (Romney is a liberal. Just watch him closely try to screw us.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: sickoflibs; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale

” Dems are blocking oil production in this country while asking Saudis to increase their production to get Obama through the election.”

FACT


46 posted on 05/19/2012 11:07:24 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 45 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson