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GasBuddy News Article

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Gas Futures Point to Pump Relief

The Wall Street Journal -- After a sizzling start to the year, gasoline futures prices are sliding, easing pressures on drivers and the U.S. economy and raising the prospect that prices at the pump could be headed lower still.

Gasoline futures, a key yardstick for wholesale prices, are down 6.3% from their high for the year reached on March 26, as the price of crude oil that gets refined into gasoline has dropped a similar amount amid easing tension over Iran, the world's fourth-largest oil producer.

On Wednesday, futures tumbled for a fourth consecutive trading day, finishing down 1% at $3.2027 a gallon.

The month-long decline already has been reflected in lower pump prices.

The average cost of a gallon of gas nationwide has fallen for two straight weeks, according to the U.S. Energy Information Administration


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Submitted Apr 19, 2012 By: angel4me
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REPLIES (newest first) Post a Reply
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darkknight1
Champion Author Winston-Salem

Posts:6,640
Points:1,399,510
Joined:Nov 2010
Message Posted: Apr 19, 2012 8:49:08 PM

Not coming down very much here but at least it's heading in the right direction---down!
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adgam
Champion Author Orange County

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Message Posted: Apr 19, 2012 8:38:47 PM

ok
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mtaboy
Sophomore Author New Jersey

Posts:208
Points:61,205
Joined:Dec 2004
Message Posted: Apr 19, 2012 8:38:16 PM

The best way to insure that gas prices will continue to fall (Perhaps to $1.99 a gallon by summer) is to KILL ALL THE GREEDY SPECULATORS... THIS ALSO GUARANTEES THE PRICE WILL NEVER RISE AGAIN...
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briinnc
Champion Author North Carolina

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Message Posted: Apr 19, 2012 8:33:53 PM

Not on this side of town - up again.
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bigmace111
Champion Author Albany

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Message Posted: Apr 19, 2012 8:33:37 PM

I don't care why it is happening, I'm just enjoying it.
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300kmiles
Champion Author Orange County

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Message Posted: Apr 19, 2012 8:32:06 PM

Could this be motivated by the approaching election?...
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marsbars
Champion Author Alaska

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Message Posted: Apr 19, 2012 8:28:10 PM

I'll believe it when I see it.
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PizzaMon
Champion Author Philadelphia

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Message Posted: Apr 19, 2012 8:27:03 PM

$3.20 a gallon is still over-priced.
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saleboss
Champion Author Phoenix

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Message Posted: Apr 19, 2012 8:25:47 PM

I'd like to see gas prices in the $3.20 per gallon range again!
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RickF350
Champion Author Washington

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Message Posted: Apr 19, 2012 8:22:54 PM

It'll never be low enough.
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Apr 19, 2012 8:20:59 PM

Lets hope we see it soon
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mackconsult
Champion Author Portland

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Message Posted: Apr 19, 2012 8:18:45 PM

That would be nice
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2granny
Champion Author Michigan

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Message Posted: Apr 19, 2012 8:18:28 PM

Need to see it at the pump. I'm still paying $3.95 a gallon.
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ScottTee
Champion Author Detroit

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Message Posted: Apr 19, 2012 8:14:55 PM

let's keep it falling
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walkingtall
Champion Author Toronto

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Message Posted: Apr 19, 2012 8:14:14 PM

When i'am going to see it?
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HiGramma
Champion Author Michigan

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Message Posted: Apr 19, 2012 8:14:09 PM

I need to be able to afford to get to work, or learn to play guitar and beg.
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larharris2
All-Star Author Tennessee

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Message Posted: Apr 19, 2012 8:05:41 PM

Kp it going.
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vincentV
All-Star Author Toronto

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Message Posted: Apr 19, 2012 8:04:36 PM

God bless America!
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30mpg80
Champion Author Lexington

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Message Posted: Apr 19, 2012 7:59:56 PM

Will drop more if anyone has the guts to limit speculation
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Romey08
Champion Author Virginia

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Message Posted: Apr 19, 2012 7:59:21 PM

I did see a 4 cent drop today
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no25
Champion Author Wisconsin

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Message Posted: Apr 19, 2012 7:58:59 PM

where?
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billey32
Champion Author Oklahoma

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Message Posted: Apr 19, 2012 7:58:17 PM

Ok
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joeborge
Champion Author Ventura

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Message Posted: Apr 19, 2012 7:55:34 PM

haven't seen any yet
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relicBC
Rookie Author British Columbia

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Message Posted: Apr 19, 2012 7:53:28 PM

We haven't seen a drop in gas price in B.C. average price in B.C. is 6.02 a gallon, try that on for size any Americans complaining about their price at the pump at 3.89 a gallon--- AMEN
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jwduke1
Champion Author Iowa

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Message Posted: Apr 19, 2012 7:52:21 PM

Sure, so O'Bummer can get re-elected! NOT!!
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listerone
Champion Author Boston

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Message Posted: Apr 19, 2012 7:50:45 PM

Just the other day the Israeli PM made it very clear in a speech that he's fast losing patience with the 9th Century pig fornicators ruling Iran.Translation,watch for gas prices to soar...soon.
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Topless2012
Champion Author Twin Cities

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Message Posted: Apr 19, 2012 7:47:52 PM

Sticking it too us.....
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GoneUpAgain
Champion Author Atlanta

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Message Posted: Apr 19, 2012 7:47:48 PM

In time to give obama the chance to take credit and win the election because the American electorate is stupid to know otherwise.
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iceman11
Champion Author Ontario

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Message Posted: Apr 19, 2012 7:47:40 PM

not any lower here
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craigsf38
Champion Author Rochester

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Message Posted: Apr 19, 2012 7:42:59 PM

Where, when and the station owners will be stubbornly slow here
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mattpolska
Veteran Author Winnipeg

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Message Posted: Apr 19, 2012 7:42:50 PM

3.75 would be a relief to candians dont complain stevencr
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stevencr
Champion Author Ohio

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Message Posted: Apr 19, 2012 7:41:51 PM

I sure don't consider $3.75 gas, relief at the pump.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Apr 19, 2012 7:40:40 PM

When
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mgune9
All-Star Author Dallas

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Message Posted: Apr 19, 2012 7:34:21 PM

so when will we start hearing from the speculators about their big loses
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turbosaab
Champion Author Cleveland

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Message Posted: Apr 19, 2012 7:30:15 PM

I'll believe it when I see it.
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Martillo
Champion Author Dallas

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Message Posted: Apr 19, 2012 7:29:20 PM

OK
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julesTN
Veteran Author Nashville

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Message Posted: Apr 19, 2012 7:29:10 PM

nogas714 is right - they "say" it's because they have to mix the summer gas at the refinery...and of course it's psychology to think we will be "happy" with $4.00/gal gas soon, donchaknow, when it comes down from $4.50/gal!
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NoGas714
All-Star Author Indiana

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Message Posted: Apr 19, 2012 7:23:25 PM

Memorial day isn't here yet. They'll certainly use that as an excuse to jack prices... They do it every year.
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REKEY
Champion Author South Carolina

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Message Posted: Apr 19, 2012 7:22:50 PM

Point and go "Ha ha ha not for you!"
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starfishBC
Rookie Author Vancouver

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Message Posted: Apr 19, 2012 7:20:43 PM

Price still needs to go even lower.
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LostToo
Champion Author Illinois

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Joined:May 2009
Message Posted: Apr 19, 2012 7:19:53 PM

It is $3.79 Here today. That is a little better considering last week it was $3.89.
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carefrey
Champion Author Orlando

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Message Posted: Apr 19, 2012 7:19:47 PM

When am I going to see it?
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bevmill
Champion Author Georgia

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Message Posted: Apr 19, 2012 7:18:03 PM

ok
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Mr Tex
Champion Author Dallas

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Message Posted: Apr 19, 2012 7:17:07 PM

Looking forward to a drop at my local station.
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Tucker16
Champion Author Ottawa

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Message Posted: Apr 19, 2012 7:16:53 PM

I'll believe it when I see it.
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pnivens
Veteran Author Georgia

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Message Posted: Apr 19, 2012 7:15:59 PM

Finally but the summer is coming.
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Foxt
Champion Author Minnesota

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Message Posted: Apr 19, 2012 7:15:39 PM

Who pays $3.20 a gallon for gas?
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bailey1OH
Veteran Author Cleveland

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Message Posted: Apr 19, 2012 7:09:23 PM

Good news
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dano328
All-Star Author Dallas

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Message Posted: Apr 19, 2012 7:08:28 PM

I'm seeing it, but still not liking the price.
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RBob
Champion Author Portland

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Joined:May 2004
Message Posted: Apr 19, 2012 7:07:13 PM


Have seen almost no change at the pump...and then more up than down. Go figure-right!



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Senrac
Champion Author Lincoln

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Points:322,410
Joined:Mar 2010
Message Posted: Apr 19, 2012 7:06:03 PM

not enough or fast enough
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