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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
LaVonneK
Champion Author Iowa

Posts:6,351
Points:1,455,645
Joined:Jul 2011
Message Posted: Apr 19, 2012 10:33:55 PM

I'm ready for pump relief.
skybiker
Champion Author South Carolina

Posts:9,619
Points:2,336,720
Joined:Jul 2008
Message Posted: Apr 19, 2012 10:32:27 PM

wholesale dropped 20cents since two weeks ago....No drop at th pump.....
snakebitef22
All-Star Author Corpus Christi

Posts:899
Points:64,985
Joined:Mar 2009
Message Posted: Apr 19, 2012 10:29:58 PM

Its not a $1.50 yet but it might get there...
CorvairHaven
Champion Author Cleveland

Posts:7,564
Points:2,254,715
Joined:Sep 2008
Message Posted: Apr 19, 2012 10:29:11 PM

Americans now will settle for a small drop in prices....
do you remember what the price was 4 years ago?
Think about that!
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,178,040
Joined:Mar 2006
Message Posted: Apr 19, 2012 10:25:57 PM

Starting to see some relief, finally
gass12
Champion Author Omaha

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Message Posted: Apr 19, 2012 10:23:39 PM

It droped here today for the 4th day in a row.
kusanagisama
All-Star Author Texas

Posts:866
Points:250,500
Joined:Feb 2011
Message Posted: Apr 19, 2012 10:21:38 PM

Its been steady here for the last two weeks.
carman11
Champion Author North Carolina

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Joined:Jun 2011
Message Posted: Apr 19, 2012 10:19:05 PM

WOW. THERE IS AN ELECTION COMING IN NOVEMBER. THE ONLY THING THAT IS SUPRISING IS NO SURPRISE.
SparkieMi
Champion Author Kalamazoo

Posts:6,435
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Joined:Sep 2011
Message Posted: Apr 19, 2012 10:15:30 PM

Where can you find that price at the pumps????? Wishful thinking!!!! LOL..
ratones1
Champion Author Los Angeles

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Message Posted: Apr 19, 2012 10:14:23 PM

hhhhhhhhhhhhhhhhhhhhhhum...
thunderstruck
All-Star Author Chicago

Posts:893
Points:1,320,925
Joined:Apr 2005
Message Posted: Apr 19, 2012 10:10:47 PM

went down 2 cents today by my house, from 4.41 to 4.39. YAAAAAY!
kenji554
Champion Author Charlotte

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Message Posted: Apr 19, 2012 10:07:15 PM

Still watching
vroomputtputt
Veteran Author Oregon

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Message Posted: Apr 19, 2012 10:06:14 PM

we will see
esquared
Champion Author Oklahoma City

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Message Posted: Apr 19, 2012 10:01:32 PM

It may have taken "two straight weeks" for the price of gasoline to drop about 30¢ gallon here in Okieville, but it took (and will probably take again) less than two days to climb more than 20¢ gallon.
mrbee
Champion Author Little Rock

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Message Posted: Apr 19, 2012 10:00:01 PM

About time
CHEAPERBETTER
All-Star Author Lansing

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Points:1,376,670
Joined:Nov 2010
Message Posted: Apr 19, 2012 9:58:57 PM

Wow. Speculators are bringing the prices down. Well, once they buy, they eventually have to sell.
JDisNo1
Sophomore Author Twin Cities

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Joined:Jan 2012
Message Posted: Apr 19, 2012 9:57:54 PM

sure.
mitchell6597
Champion Author New Hampshire

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Message Posted: Apr 19, 2012 9:57:42 PM

Isn't this ummm, speculating?
Prodaddy
Champion Author Houston

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Message Posted: Apr 19, 2012 9:51:12 PM

I am ready to see some action
DTroytNC
Veteran Author Charlotte

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Message Posted: Apr 19, 2012 9:50:16 PM

Stop pointing and lower prices.
hcivic
Champion Author Virginia

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Message Posted: Apr 19, 2012 9:49:21 PM

whats going on hear???
Holly123
Champion Author Charlotte

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Message Posted: Apr 19, 2012 9:48:10 PM

The prices should start coming down for election time. Let's see who the biggest liar is.
RangerBob58
Champion Author Dayton

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Message Posted: Apr 19, 2012 9:47:00 PM

Political game?
RAE344
Champion Author Virginia Beach

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Message Posted: Apr 19, 2012 9:46:56 PM

Just maybe those people that predicted $5.00 a gallon were wrong.
sydb7
Champion Author Atlanta

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Message Posted: Apr 19, 2012 9:42:51 PM

The prices are coming down, but much too slowly for me!
WBBNC
Veteran Author North Carolina

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Message Posted: Apr 19, 2012 9:40:35 PM

Let's hope!
sammy518
Champion Author Austin

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Message Posted: Apr 19, 2012 9:35:56 PM

ok
nwsynthetics
Champion Author Oregon

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Joined:Dec 2011
Message Posted: Apr 19, 2012 9:32:18 PM

Its lower here. But not by much. It will be awhile before we see cheap cheap gas. Maybe!
paulydel
Champion Author Delaware

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Message Posted: Apr 19, 2012 9:31:32 PM

Not seeing any drops here right now.
silverfoxv65
Champion Author Michigan

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Message Posted: Apr 19, 2012 9:31:00 PM

Its still not enough, it has a long way to go!
bettersight
Champion Author Oakland

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Message Posted: Apr 19, 2012 9:30:59 PM

ok
USCCRN
Sophomore Author Long Island

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Joined:Mar 2012
Message Posted: Apr 19, 2012 9:29:53 PM

Gasoline on Long Island was $3.59/gal. for less than a day. Now it's back up .40 cents, to $3.99 and up. Gas will go up again with the summer blend formulation.
gmcgas
Champion Author Atlanta

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Message Posted: Apr 19, 2012 9:29:50 PM

hummmmmmmmmm wonder why????
drz614
Champion Author Harrisburg

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Message Posted: Apr 19, 2012 9:25:36 PM

Yeah, we should thank who again?
boborobot
Champion Author Michigan

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Message Posted: Apr 19, 2012 9:24:28 PM

Not gonna hold my breath.
SpankyMI
Champion Author Kalamazoo

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Message Posted: Apr 19, 2012 9:18:47 PM

Are we sure its not the threat of new policemen Mr Obama was just talking about using on oil speculators?
wildddkattt80
Champion Author Phoenix

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Message Posted: Apr 19, 2012 9:18:17 PM

Was done but went up again
jack_flash
All-Star Author Idaho

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Joined:Sep 2008
Message Posted: Apr 19, 2012 9:17:49 PM

Seems to me the less a barrel costs, the more profit companies make from charging us the same or more.
outlaw329
Champion Author Austin

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Joined:Aug 2008
Message Posted: Apr 19, 2012 9:17:18 PM

Well if we had a government for the people by the people that stood tall with a backbone we might get some help, but the spineless anti American government that we now have does nothing but for themselves.
MadTraveler
Champion Author Idaho

Posts:2,082
Points:575,400
Joined:Nov 2009
Message Posted: Apr 19, 2012 9:15:48 PM

Up - down - up - down - up - down - up - down - up! Can't trust it.
azadus
All-Star Author Houston

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Joined:Mar 2012
Message Posted: Apr 19, 2012 9:15:29 PM

ok
mlambo
Champion Author Indiana

Posts:16,696
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Joined:Mar 2005
Message Posted: Apr 19, 2012 9:14:20 PM

I have cut my driving down substantially and plan to drive as little as I have to regardless of the price of gas. Those wasteful habit are gone forever. Best is doing errands on the way home from work such a going to the grocery store, etc. after work instead of on the weekends
theressie
Rookie Author Rochester

Posts:1
Points:705
Joined:Apr 2012
Message Posted: Apr 19, 2012 9:14:12 PM

I hope the prices drop alot more due to the economy
duffee01
Champion Author Mississippi

Posts:1,136
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Joined:Sep 2011
Message Posted: Apr 19, 2012 9:13:21 PM

It's all a ploy by the obummer administration to hold prices down like he really gives a crap about people who actually need the prices to be down. I just hope that one day all you stupid people wake up!!!!!!!!!!!!!
Pete12
Champion Author Albany

Posts:6,157
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Joined:Nov 2005
Message Posted: Apr 19, 2012 9:12:09 PM

As of tonight it's down another $.05 a gallon to $3.15.
DrLyon
Champion Author Michigan

Posts:9,089
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Joined:May 2006
Message Posted: Apr 19, 2012 9:10:29 PM

More relief please...
w9med
Champion Author Gary

Posts:1,133
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Joined:Aug 2011
Message Posted: Apr 19, 2012 9:09:09 PM

They are just getting you used to high prices so you think $4 is cheap
skyking19
Champion Author Little Rock

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Joined:Jan 2007
Message Posted: Apr 19, 2012 9:09:09 PM

Good deal!
mikaye
Champion Author Cleveland

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Joined:Jun 2010
Message Posted: Apr 19, 2012 9:08:27 PM

prices will go down a few cents then rise 10to 20 cents
hibsaw
Champion Author Mississippi

Posts:11,444
Points:2,510,340
Joined:Feb 2008
Message Posted: Apr 19, 2012 9:04:56 PM

We need some relief, for sure.
CritterNanny
Veteran Author Washington

Posts:336
Points:2,021,105
Joined:Jun 2008
Message Posted: Apr 19, 2012 9:04:39 PM

Not seeing much relief here 50 miles North of Seattle, WA.
IUVidiot
Champion Author Indiana

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Points:1,538,610
Joined:Jun 2011
Message Posted: Apr 19, 2012 9:01:03 PM

ok
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