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Oil jumps off cliff, continued fall in gasoline prices expected

GasBuddy Blog -- Oil has taken a beating in recent days, similar to the beating that the Chicago Cubs took earlier this year, losing 12 consecutive games in a row. While oil prices can't boast the loss record that the Cubs did during that stretch, I don't think anyone will complain. Oil prices today stand at their lowest level since October 4, 2011.

Wholesale gasoline prices are poised to drop, helping to lead to lower gasoline pumps in the days ahead. In a recent check, wholesale prices in the East Coast region are five cents cheaper than they've ever been in the last year. Gulf Coast prices are three cents lower than any point in the last year. California wholesale prices are at the lowest level they've been in the last year, and Pacific Northwest...

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Submitted Jun 21, 2012 By: PD
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Donatelo
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ok
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shstew
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Good
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Donatelo
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ok
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Donatelo
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ok
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Donatelo
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rollercoaster
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DesertRat2011
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Message Posted: Oct 5, 2012 4:11:13 PM
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What a difference one week makes. Ca. prices are at there highest now. So what will next week bring out here ?
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pricewar
Champion Author Ogden

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Message Posted: Sep 25, 2012 11:09:37 PM
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Try making it a buck and then will talk
5cents give me a break
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99dakota
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Not!
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jeskibuff
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Message Posted: Sep 7, 2012 4:25:57 AM
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gasokie said: "this was posted july 21. Getting a little out of date ..."

Try JUNE 21st. Still interesting to see how the prediction turned out, though!
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Jayburt
All-Star Author Toledo

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Message Posted: Sep 6, 2012 8:01:11 PM
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It's interesting to see when oil prices rise on the market the response at the pump is almost immediate but when they drop, it may take weeks before we see it at the stations. Where do those profits go? One has to look no further than the big oil companies bottom lines.
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DesertRat2011
Champion Author Riverside

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Message Posted: Sep 6, 2012 11:02:59 AM
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Well that sure didn't happen did it!! Prices have done nothing but go up from when this was first posted.
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heydano67
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Message Posted: Aug 23, 2012 10:33:29 AM
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lets send the speculators over the cliff too
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albert2008
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good stuff
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99dakota
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good news
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rocket_ron
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K
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gasokie
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Message Posted: Aug 18, 2012 12:01:09 PM
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Well....this was posted july 21. Getting a little out of date ...
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pfone1847
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Huh?
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99dakota
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What?
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99dakota
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What?
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albert2008
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time will tell
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pfone1847
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hmmm
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clpassenubye
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well well
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ggg452
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okay.
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albert2008
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old news
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kiosk12y
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Message Posted: Aug 6, 2012 5:23:08 PM
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if oil is taking a beating & or going over a cliff...hopefully the fat cats million & billionaires are getting a taste of what the people/families have dealt w/...
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albert2008
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the merry go round continues
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txrojo2005
All-Star Author Austin

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Texas has been going up.
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tnikodem
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Message Posted: Aug 5, 2012 4:23:12 PM
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Does NOT apply at all in the great lakes area.\
The exact opposite is true; Last week gasoline prices jumped well over 50 cents/gallon here.
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stonecold5005
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good
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gasokie
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Message Posted: Jul 26, 2012 12:56:48 PM
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I'm ready for some cheap gas!
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txrojo2005
All-Star Author Austin

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Message Posted: Jul 26, 2012 10:30:26 AM
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Oil may be down but pump prices are holding high.
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stonecold5005
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good
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stonecold5005
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good
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GasPriceHelp4u
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Its needs to continue to go down and stay down for the rest of the year!!!
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spud5559
Veteran Author Yakima

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Message Posted: Jul 22, 2012 8:47:18 PM
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they go up & down them they go up
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tfsmith1
Rookie Author Washington

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Message Posted: Jul 22, 2012 3:44:29 PM
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It was telling for a while, the gas are rising againg in Wa and Or
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clpassenubye
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hopefully
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gasokie
Champion Author Oklahoma

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Message Posted: Jul 21, 2012 6:32:38 PM
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Went down 3 cents at my local gas station.
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Reishman
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I'm on a boat!
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txrojo2005
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Message Posted: Jul 21, 2012 3:42:36 PM
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Central Texas gas stations just jumped in price by 10 cents today.


[Edited by: txrojo2005 at 7/21/2012 5:43:46 PM EST]
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Edpap
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It must be a coincidence that the election is only 4 months away and the economy is about the worst ever. Low gas prices are artificially high right now and the price manipulation continues unchecked.
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stonecold5005
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Message Posted: Jul 21, 2012 5:35:29 AM
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good
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albert2008
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no changes yet in manitoba
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daylily2009
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great
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ectolle
Rookie Author Indiana

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Message Posted: Jun 28, 2012 10:15:54 PM
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seems like it should be lower for the price of crude
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gasokie
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There are some $2.95 prices in Oklahoma this morning.
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albert2008
Champion Author Winnipeg

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Message Posted: Jun 28, 2012 7:11:28 AM
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but our gas prices are still the same
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stonecold5005
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good
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rickfro
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Good!
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albert2008
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hope so
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