Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:40 PM

GasBuddy News Article

61
votes
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


Read the Full Article

Submitted Apr 19, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Futures Point to Pump Relief Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
hagar2935
Veteran Author Nevada

Posts:321
Points:88,275
Joined:Dec 2011
Message Posted: Apr 19, 2012 10:40:21 PM

Not going to happen as long as the DemocRATs stay in office!!!!!!

NOBAMA 2012!!!!!!!!!!!!!!!
Profile Pic
LaVonneK
Champion Author Iowa

Posts:5,582
Points:1,231,050
Joined:Jul 2011
Message Posted: Apr 19, 2012 10:33:55 PM

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

Posts:9,120
Points:2,118,695
Joined:Jul 2008
Message Posted: Apr 19, 2012 10:32:27 PM

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

Posts:776
Points:57,270
Joined:Mar 2009
Message Posted: Apr 19, 2012 10:29:58 PM

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

Posts:6,835
Points:2,052,890
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!
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,015,940
Joined:Mar 2006
Message Posted: Apr 19, 2012 10:25:57 PM

Starting to see some relief, finally
Profile Pic
gass12
Champion Author Omaha

Posts:10,869
Points:2,902,380
Joined:Oct 2005
Message Posted: Apr 19, 2012 10:23:39 PM

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

Posts:851
Points:244,225
Joined:Feb 2011
Message Posted: Apr 19, 2012 10:21:38 PM

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

Posts:6,037
Points:1,297,500
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.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,723
Points:1,174,905
Joined:Sep 2011
Message Posted: Apr 19, 2012 10:15:30 PM

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

Posts:3,328
Points:1,220,935
Joined:Mar 2011
Message Posted: Apr 19, 2012 10:14:23 PM

hhhhhhhhhhhhhhhhhhhhhhum...
Profile Pic
thunderstruck
All-Star Author Chicago

Posts:880
Points:1,163,915
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!
Profile Pic
kenji554
Champion Author Charlotte

Posts:1,224
Points:973,435
Joined:Jun 2011
Message Posted: Apr 19, 2012 10:07:15 PM

Still watching
Profile Pic
vroomputtputt
Veteran Author Oregon

Posts:297
Points:64,350
Joined:Mar 2012
Message Posted: Apr 19, 2012 10:06:14 PM

we will see
Profile Pic
esquared
Champion Author Oklahoma City

Posts:10,116
Points:2,472,520
Joined:Jan 2006
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.
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,369
Points:3,069,605
Joined:Oct 2005
Message Posted: Apr 19, 2012 10:00:01 PM

About time
Profile Pic
CHEAPERBETTER
Veteran Author Lansing

Posts:484
Points:1,196,080
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.
Profile Pic
JDisNo1
Sophomore Author Twin Cities

Posts:129
Points:91,770
Joined:Jan 2012
Message Posted: Apr 19, 2012 9:57:54 PM

sure.
Profile Pic
mitchell6597
Champion Author New Hampshire

Posts:3,462
Points:728,360
Joined:Apr 2010
Message Posted: Apr 19, 2012 9:57:42 PM

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

Posts:10,937
Points:2,492,745
Joined:May 2007
Message Posted: Apr 19, 2012 9:51:12 PM

I am ready to see some action
Profile Pic
DTroytNC
Veteran Author Charlotte

Posts:366
Points:71,310
Joined:Jan 2012
Message Posted: Apr 19, 2012 9:50:16 PM

Stop pointing and lower prices.
Profile Pic
hcivic
Champion Author Virginia

Posts:6,433
Points:2,864,475
Joined:Aug 2005
Message Posted: Apr 19, 2012 9:49:21 PM

whats going on hear???
Profile Pic
Holly123
Champion Author Charlotte

Posts:5,457
Points:1,374,285
Joined:Dec 2010
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.
Profile Pic
RangerBob58
Champion Author Dayton

Posts:5,618
Points:1,251,360
Joined:Apr 2011
Message Posted: Apr 19, 2012 9:47:00 PM

Political game?
Profile Pic
RAE344
Champion Author Virginia Beach

Posts:5,716
Points:1,265,110
Joined:Jun 2011
Message Posted: Apr 19, 2012 9:46:56 PM

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

Posts:5,384
Points:2,437,280
Joined:Mar 2003
Message Posted: Apr 19, 2012 9:42:51 PM

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

Posts:499
Points:488,640
Joined:Jan 2011
Message Posted: Apr 19, 2012 9:40:35 PM

Let's hope!
Profile Pic
sammy518
Champion Author Austin

Posts:2,589
Points:539,790
Joined:Dec 2010
Message Posted: Apr 19, 2012 9:35:56 PM

ok
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,134
Points:522,935
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!
Profile Pic
paulydel
Champion Author Delaware

Posts:11,288
Points:1,253,915
Joined:Jan 2008
Message Posted: Apr 19, 2012 9:31:32 PM

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

Posts:7,126
Points:1,833,380
Joined:Sep 2009
Message Posted: Apr 19, 2012 9:31:00 PM

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

Posts:1,116
Points:255,885
Joined:May 2011
Message Posted: Apr 19, 2012 9:30:59 PM

ok
Profile Pic
USCCRN
Sophomore Author Long Island

Posts:145
Points:104,840
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.
Profile Pic
gmcgas
Champion Author Atlanta

Posts:8,632
Points:2,320,065
Joined:Mar 2004
Message Posted: Apr 19, 2012 9:29:50 PM

hummmmmmmmmm wonder why????
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,922
Points:1,202,940
Joined:Aug 2011
Message Posted: Apr 19, 2012 9:25:36 PM

Yeah, we should thank who again?
Profile Pic
boborobot
All-Star Author Michigan

Posts:765
Points:962,605
Joined:Dec 2011
Message Posted: Apr 19, 2012 9:24:28 PM

Not gonna hold my breath.
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,846
Points:1,314,445
Joined:Jan 2011
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?
Profile Pic
wildddkattt80
Champion Author Phoenix

Posts:2,143
Points:432,145
Joined:Jun 2011
Message Posted: Apr 19, 2012 9:18:17 PM

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

Posts:523
Points:1,070,525
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.
Profile Pic
outlaw329
Champion Author Austin

Posts:9,853
Points:1,900,685
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.
Profile Pic
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.
Profile Pic
azadus
All-Star Author Houston

Posts:554
Points:110,975
Joined:Mar 2012
Message Posted: Apr 19, 2012 9:15:29 PM

ok
Profile Pic
mlambo
Champion Author Indiana

Posts:15,821
Points:3,294,695
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
Profile Pic
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
Profile Pic
duffee01
Champion Author Mississippi

Posts:1,136
Points:900,990
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!!!!!!!!!!!!!
Profile Pic
Pete12
Champion Author Albany

Posts:5,903
Points:2,097,355
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.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,637
Points:1,758,040
Joined:May 2006
Message Posted: Apr 19, 2012 9:10:29 PM

More relief please...
Profile Pic
w9med
Champion Author Gary

Posts:1,133
Points:703,270
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
Profile Pic
skyking19
Champion Author Little Rock

Posts:2,733
Points:2,196,810
Joined:Jan 2007
Message Posted: Apr 19, 2012 9:09:09 PM

Good deal!
Profile Pic
mikaye
Champion Author Cleveland

Posts:5,423
Points:1,247,185
Joined:Jun 2010
Message Posted: Apr 19, 2012 9:08:27 PM

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

Posts:10,671
Points:2,287,715
Joined:Feb 2008
Message Posted: Apr 19, 2012 9:04:56 PM

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

Posts:326
Points:1,843,005
Joined:Jun 2008
Message Posted: Apr 19, 2012 9:04:39 PM

Not seeing much relief here 50 miles North of Seattle, WA.
Post a reply Back to Topics