GasBuddy Blog

GasBuddy News Article

votes

Gas prices could drop to $3 a gallon by end of the year

Quincy Herald-Whig -- Keep your fingers crossed.

According to at least one well-respected analyst, barring another Hurricane Katrina or some major uprising in the Middle East, those plummeting gas prices should continue their downward spiral, possibly reaching $3 a gallon later this year.

Michael Right, a St. Louis-based vice president and longtime analyst for the AAA auto club, monitors various gas-related markets. He told The Herald-Whig in a phone interview he feels the recent plunge at the pump is no mirage.

"I think you'll possibly see $3 a gallon -- or lower -- by the end of the year," said Right, who specifically tracks costs in Missouri, southern Illinois, Kentucky, Mississippi and Louisiana. "The (higher taxes) in Illinois might affect how low prices end up there, but unless there is a hurr

Read the Full Article

Submitted Oct 20, 2012 By: aservant

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Gas prices could drop to $3 a gallon by end of the year	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Oct 24, 2012 3:43:27 AM Ignore honda0105 Report Abuse would be nice, but I agree with RitaV. It probably won't happen, though it has dropped about 40 cents (gasoline). Diesel? Not a snowball's chance in hell.
RitaVespa Champion Author Oregon Posts:2,961 Points:788,360 Joined:Jan 2011	Message Posted: Oct 22, 2012 2:40:09 PM Ignore RitaVespa Report Abuse Won't happen. Even when oil prices drop, the gas prices haven't. Why? Because Shell/BP/Chevron, etc KNOW we will continue to pay $4/gal to get to work
bston Champion Author Oklahoma City Posts:1,800 Points:638,275 Joined:Mar 2011	Message Posted: Oct 22, 2012 1:20:21 PM Ignore bston Report Abuse Prices will probably only lower till the election to sway voters.
gbs1 Champion Author Minnesota Posts:1,981 Points:738,600 Joined:Mar 2011	Message Posted: Oct 22, 2012 6:54:09 AM Ignore gbs1 Report Abuse Most everyone would love to see that
NOTSOGRN Champion Author Michigan Posts:2,055 Points:1,508,570 Joined:Dec 2007	Message Posted: Oct 22, 2012 12:23:32 AM Ignore NOTSOGRN Report Abuse . . Fingers crossed...
pumaMN Champion Author Minnesota Posts:1,543 Points:334,965 Joined:Aug 2011	Message Posted: Oct 21, 2012 8:52:50 PM Ignore pumaMN Report Abuse it about time
FuelishGuy All-Star Author Edmonton Posts:794 Points:921,795 Joined:Oct 2008	Message Posted: Oct 21, 2012 7:37:48 PM Ignore FuelishGuy Report Abuse If I was betting man, I'd say there's no way that'll happen but I've been dead wrong before and frankly I hope I am.
DanMtz Champion Author Oakland Posts:3,335 Points:1,239,425 Joined:Oct 2009	Message Posted: Oct 21, 2012 12:11:33 PM Ignore DanMtz Report Abuse It's not gonna happen around here.
EconomiserAZ All-Star Author Tucson Posts:745 Points:144,090 Joined:Mar 2011	Message Posted: Oct 21, 2012 11:29:27 AM Ignore EconomiserAZ Report Abuse Yes that's all well and good. High prices now make the excessive $3 per gallon sound good. But remember, there is no reson it should not be $1.50. Except for greed and governments.
Skunk63 Champion Author Phoenix Posts:2,546 Points:555,550 Joined:Oct 2011	Message Posted: Oct 21, 2012 8:42:54 AM Ignore Skunk63 Report Abuse I'm not holding my breath.
tomok Champion Author Portland Posts:32,922 Points:2,342,585 Joined:Aug 2006	Message Posted: Oct 21, 2012 5:51:01 AM Ignore tomok Report Abuse Gas prices could drop to $3 a gallon by end of the year but will they? $3.00 a gallon? NO! Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. There will be NO price reduction or cheaper prices for fuel OR natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what the price but it sure helps to have a job too! The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the New Low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
WalRus49 Champion Author Boston Posts:4,055 Points:864,865 Joined:Nov 2010	Message Posted: Oct 21, 2012 3:10:29 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage.......................
heydano67 Champion Author California Posts:1,651 Points:355,410 Joined:Feb 2012	Message Posted: Oct 21, 2012 2:54:01 AM Ignore heydano67 Report Abuse Would be surprised if they ever went below $3.40 again.
MINIWINI598 Champion Author Washington Posts:3,002 Points:515,775 Joined:Dec 2011	Message Posted: Oct 21, 2012 1:27:49 AM Ignore MINIWINI598 Report Abuse no complaining ... here!
Ahking Champion Author Orange County Posts:3,492 Points:600,445 Joined:May 2011	Message Posted: Oct 20, 2012 11:36:37 PM Ignore Ahking Report Abuse will see. who else supports this opinion?
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Oct 20, 2012 11:17:51 PM Ignore jetskijerry Report Abuse still too expensive
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Oct 20, 2012 11:17:36 PM Ignore jetskijerry Report Abuse Not long ago it was 77 cents
gaspumpin Champion Author Indiana Posts:1,655 Points:385,555 Joined:Apr 2012	Message Posted: Oct 20, 2012 10:47:53 PM Ignore gaspumpin Report Abuse Not betting on it.
METEOR49 Champion Author Ontario Posts:2,152 Points:451,225 Joined:Apr 2011	Message Posted: Oct 20, 2012 10:41:17 PM Ignore METEOR49 Report Abuse should have been 3 dollars a gallon back in april,pig oil has been filling their pockets ever since .
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Oct 20, 2012 10:39:39 PM Ignore mfeldstein Report Abuse If we don't starve first.
obimerrill Champion Author Cincinnati Posts:1,425 Points:286,790 Joined:Jul 2012	Message Posted: Oct 20, 2012 10:39:30 PM Ignore obimerrill Report Abuse We are near $3.30 now...would love to see it down more, but I won't hold my breath.
rahcat Champion Author Grand Rapids Posts:2,453 Points:659,275 Joined:Jan 2010	Message Posted: Oct 20, 2012 10:38:35 PM Ignore rahcat Report Abuse Don't hold your breath.
Rageagainsttm Champion Author Tampa Posts:8,288 Points:1,900,055 Joined:Jul 2007	Message Posted: Oct 20, 2012 10:37:56 PM Ignore Rageagainsttm Report Abuse doubt
letterchunker Champion Author Texas Posts:2,230 Points:664,650 Joined:Aug 2008	Message Posted: Oct 20, 2012 10:37:21 PM Ignore letterchunker Report Abuse Believe it when I see it
anthroMO Veteran Author St. Louis Posts:395 Points:116,540 Joined:Jun 2012	Message Posted: Oct 20, 2012 10:34:36 PM Ignore anthroMO Report Abuse $3.20 in St. Louis could drop below $3
cheaper0ON All-Star Author Ontario Posts:963 Points:394,055 Joined:Jan 2012	Message Posted: Oct 20, 2012 10:33:32 PM Ignore cheaper0ON Report Abuse I hope so....
skybiker Champion Author South Carolina Posts:7,277 Points:1,556,290 Joined:Jul 2008	Message Posted: Oct 20, 2012 10:33:08 PM Ignore skybiker Report Abuse Should be well below $3 a gal now!...
Godozo All-Star Author Gary Posts:651 Points:554,690 Joined:Dec 2010	Message Posted: Oct 20, 2012 10:32:09 PM Ignore Godozo Report Abuse I see a range in NW Indiana, but in a section of Munster there's a price war going on and prices are presently down to $3.19/gallon, and it appears the prices are still in free-fall. It wouldn't surprise me to see $2.99 or less anytime soon. Now whether it holds up once we start on the next year (and the next presidential term) is another question...
labombaOH Veteran Author Ohio Posts:432 Points:128,885 Joined:Nov 2007	Message Posted: Oct 20, 2012 10:30:59 PM Ignore labombaOH Report Abuse Not good not good,What are they trying to do for gods sake.Be Merican.This will make Rickey Cheneys heart fail.My god the humanity.All you mormons please oh please pray to one of your gods for a Refinery Fire and get the price back up.This is not the Merica we want.So sad
Number43 Champion Author Lexington Posts:8,681 Points:1,635,245 Joined:Oct 2008	Message Posted: Oct 20, 2012 10:26:41 PM Ignore Number43 Report Abuse MAYBE. But it will be only a temporary relief.
Dragnet Champion Author Arizona Posts:15,390 Points:2,905,735 Joined:Jul 2004	Message Posted: Oct 20, 2012 10:26:06 PM Ignore Dragnet Report Abuse What world is the writer living in? Not in America will this happen
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Oct 20, 2012 10:26:05 PM Ignore us4usa Report Abuse Did someone in the WH say under my plan prices will be higher??? Lower prices now is just fishing for votes...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Oct 20, 2012 10:25:35 PM Ignore tedjm1 Report Abuse Believe it when I see it.
KnoxGasPriceSpy Champion Author Knoxville Posts:140,816 Points:916,795 Joined:Oct 2010	Message Posted: Oct 20, 2012 10:25:30 PM Ignore KnoxGasPriceSpy Report Abuse good bye obama
LocalSpyGuy Champion Author Tampa Posts:7,780 Points:1,581,175 Joined:Nov 2008	Message Posted: Oct 20, 2012 10:24:17 PM Ignore LocalSpyGuy Report Abuse Anyone can make a prediction.
Is246 Champion Author Albuquerque Posts:1,007 Points:425,045 Joined:Apr 2011	Message Posted: Oct 20, 2012 10:24:11 PM Ignore Is246 Report Abuse Not soon enough.
rtw777 Champion Author Florida Posts:9,376 Points:1,837,995 Joined:Jan 2008	Message Posted: Oct 20, 2012 10:23:15 PM Ignore rtw777 Report Abuse Why not now?
MountedShooter Champion Author Georgia Posts:3,065 Points:738,445 Joined:Mar 2011	Message Posted: Oct 20, 2012 10:21:17 PM Ignore MountedShooter Report Abuse Ok.
ShadowACE Champion Author Boston Posts:9,003 Points:2,146,650 Joined:Jun 2006	Message Posted: Oct 20, 2012 10:20:51 PM Ignore ShadowACE Report Abuse By the end of the MONTH would be better!!!
pgerassi Champion Author Milwaukee Posts:10,882 Points:2,128,750 Joined:Apr 2007	Message Posted: Oct 20, 2012 10:20:50 PM Ignore pgerassi Report Abuse GREAT, but it still should be under $2/gal given the economy.
forteras Veteran Author Kentucky Posts:340 Points:1,909,725 Joined:Sep 2006	Message Posted: Oct 20, 2012 10:20:29 PM Ignore forteras Report Abuse Happy Holidays!
jethro5000 Champion Author Kentucky Posts:1,862 Points:387,710 Joined:Jun 2005	Message Posted: Oct 20, 2012 10:20:16 PM Ignore jethro5000 Report Abuse It could, but it might not...
chuckwthompson Champion Author Charlotte Posts:3,740 Points:574,260 Joined:Sep 2011	Message Posted: Oct 20, 2012 10:19:56 PM Ignore chuckwthompson Report Abuse Not holding my breath for that to happen.
arb0526 Champion Author Greensboro Posts:1,961 Points:407,695 Joined:Mar 2011	Message Posted: Oct 20, 2012 10:19:16 PM Ignore arb0526 Report Abuse It would benefit everyone if it would drop by 3.00/gallon...let's go back to the 80's
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Oct 20, 2012 10:19:05 PM Ignore crreed1 Report Abuse we shall see
billk44077 Champion Author Cleveland Posts:3,157 Points:627,555 Joined:Aug 2011	Message Posted: Oct 20, 2012 10:19:01 PM Ignore billk44077 Report Abuse as soon as the electon is behind us, all bets are off
bridgerunner Champion Author Virginia Posts:4,767 Points:1,002,835 Joined:Jul 2009	Message Posted: Oct 20, 2012 10:18:21 PM Ignore bridgerunner Report Abuse I would not bet on it.
VetteFan Champion Author Indiana Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Oct 20, 2012 10:17:32 PM Ignore VetteFan Report Abuse And Ralph Nader could be our next president.
kiss4afrog Veteran Author Twin Cities Posts:421 Points:173,960 Joined:Jan 2008	Message Posted: Oct 20, 2012 10:16:04 PM Ignore kiss4afrog Report Abuse The sooner the better.
cccbob Rookie Author Illinois Posts:44 Points:105,665 Joined:Sep 2012	Message Posted: Oct 20, 2012 10:15:41 PM Ignore cccbob Report Abuse We'll see! I've heard stories before.