Summer blockbuster: Gas prices expected to fall 50 cents
19 replies
Topdawg13New MemberOP
Expect a drop of nearly 50 cents as early as June, analysts say.
After rocketing up 91 cents since January, including 44 straight days of increases, the national average this past week stopped just shy of $4 a gallon and has retreated to under $3.98. A steady decline is expected to follow.
It might not be enough to evoke cheers from people who recall gas stations charging less than $3 a gallon last year. But it might help lift consumer spending, which powers about 70 percent of the economy. A 50-cent drop in prices would save U.S. drivers about $189 million a day.
Typically, gas prices peak each spring, then fall into a summertime swoon that can last several weeks. This year's decline should be gradual but steady, said Fred Rozell, the retail pricing director at the Oil Price Information Service.
Some drivers might not notice much of a price drop at first, Rozell cautioned. When average gas prices fluctuate nationally, some areas are affected more than others. In cities with many service stations, for instance, prices can be slower to fall. It's even possible prices will rise at some stations in coming days even if they decline nationally.
And after the galloping surge in prices this year, many gas station owners are reluctant to lower prices until they see their competition doing the same, Rozell said.
"It's just the nature of the business," he said. "They're going to try to get the most they can."
Station owners still feel bruised from their own higher costs earlier this year. In some cases, their suppliers raised prices so quickly that station owners couldn't pass along those higher costs to consumers fast enough. Competition also makes it hard for some stations to raise prices.
"So station owners will be watching each other this summer," Rozell said. "When one guy drops, so will the other."
All that is necessary for the triumph of evil is for good men to do nothing.
--Edmund Burke
MikeHonchosubscriberI can now afford more eminems.
Headcoach material wouldn’t want to work somewhere they’re not trusted with actual football decisions.
pocolocosubscriberthis seems to be the pattern. Go up 25%, drop 12%, go up 30%, drop 15%, etc.
Ten years ago, I recall gas off I-95 in Georgia being .99 a gallon
two steps backward, one step forward
Fin Dforum_veteran"lmeister3 wrote:
I can now afford more eminems.
You misspelled enemas.
Stitchesluxury_box"pocoloco wrote:
this seems to be the pattern. Go up 25%, drop 12%, go up 30%, drop 15%, etc.
Ten years ago, I recall gas off I-95 in Georgia being .99 a gallon
two steps backward, one step forward
I never purchased a gallon of gas for less than a $1. I'm honestly not sure if it was ever under $1.50 after I got my license.
I'm just thankful my work reimburses me for gas expenditures that are attributable to work.
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184. Charles Walker, DT, Oklahoma
223. Aviante Collins, OL, TCU
2socksforum_veteranYes sirrrreeee lets run up the price 20 cents so we can cut it back 50...................only in America
We are suckers
Oh wait!! The run up was because there is a potential that the Mississippi flooding may in a week or two shut down a refinery. Better to raise the price of the gas that cost what it cost to produce a month ago, NOW, so that the oil companies don't get ripped;)
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pocolocosubscriberI suspect we'll look back on this era at the ends of our lives and realize that magnitude of the financial raping we suffered at the hands of oil companies (and for that matter, health insurance companies). Too many smoke and mirrors right now, other than that they are making the sorts of profits per minute that would make A-Rod feel broke.
I remember filling up gas for $.98 a gallon in Ohio at July 1996. It cost me about $6.00 - $7.00 to fill my Geo Metro!! :D
Fin-OmenalNew MemberWhen I was 17 gas was 79 cents per gallon this was 13 years ago and somehow these companies are allowed a 500% increase since then.
I agree with Poc, one day we will realize how bad we were taking it in the keester from these crooks.
Eshlemonforum_veteranIts enough to drive one to drink...which costs more per gallon than gas so big oils screwing us over again.
unluckylucianoNew MemberSo what I've mostly learned on this thread is a lot of you are old.
thanks to VO for the sick ass sigs. 
Charlie: If you're not as educated or as informed what you do is you start your own party and you yell the loudest.
padre31luxury_box"Eshlemon wrote:
Its enough to drive one to drink...which costs more per gallon than gas so big oils screwing us over again.
Speak for yourself hombre.
"Blockbuster"?
"Step right up, don't be shy, you will not believe your eyes gas is down 50 cents worth, but it will cost you 3.50 first.."
Lucky don't know nothin' about the Tubes..:shifty:
Dol-Fan Dupreeforum_veteran"Eshlemon wrote:
Its enough to drive one to drink...which costs more per gallon than gas so big oils screwing us over again.
Dude, how many gallons of vodka do you drink in a day?
Holland is a huge upgrade over McCain
I want to be alive, I am alive! Alive, I tell you! Mother, I love you, those are no longer just words. I want to hold you, I want to run in a stream, I want to taste ice cream but not just put it in my mouth and let it slide down my throat but really eat it. - Robot Morty
Eshlemonforum_veteran"padre31 wrote:
Speak for yourself hombre.
"Blockbuster"?
"Step right up, don't be shy, you will not believe your eyes gas is down 50 cents worth, but it will cost you 3.50 first.."
Lucky don't know nothin' about the Tubes..:shifty:
:lol:
Talk about a old geezer reference. Next post from us about the good old days..."Good Times"
Temporary layoffs, good times
Easy credit ripoffs, good times
Eshlemonforum_veteran"Dol-Fan Dupree wrote:
Dude, how many gallons of vodka do you drink in a day?
Not enough. :up:
And if it could somehow could equal gasoline consumption...I'm trying my best...instead of bitching about big oils billions I'd really bitching about big alchohol's tens of billions.
MikeHonchosubscriber"Finascious D wrote:
You misspelled enemas.
I really hope you're kidding. Why pay for something I can do myself?
Headcoach material wouldn’t want to work somewhere they’re not trusted with actual football decisions.
padre31luxury_box"Eshlemon wrote:
:lol:
Talk about a old geezer reference. Next post from us about the good old days..."Good Times"
Lucky don't know nothin' about no:
Buffalo Butt..:shifty:
I thought Tudy was fiinnee..
Anywho, this is very much like the late 70's ATM, high gas prices, high unemployment, not very much good happening for most people economically.
"pocoloco wrote:
this seems to be the pattern. Go up 25%, drop 12%, go up 30%, drop 15%, etc.
Ten years ago, I recall gas off I-95 in Georgia being .99 a gallon
two steps backward, one step forward
They do that so we'll think they have our best interests at heart. However, over time, it's a helluva increase for them. Along with the crude price flucuation, the price rises quicker than it falls generating somewhat of a windfall in that process.
DD....the #1 Delaware Dolfan..........................
We cannot solve our problems with the same thinking we used when we created them. - Albert Einstein
"pocoloco wrote:
this seems to be the pattern. Go up 25%, drop 12%, go up 30%, drop 15%, etc.
Ten years ago, I recall gas off I-95 in Georgia being .99 a gallon
two steps backward, one step forward
I agree with the pattern you describe but I don't believe gas has been anywhere near $1 since before the gulf war. I remember paying a buck or there about and then it jumped about 65 cents as soon as the war started.
I do remember buying gas for a quarter back in the early 70s tho. Shoot, $2.50 and you could ride darn near forever.
DD....the #1 Delaware Dolfan..........................
We cannot solve our problems with the same thinking we used when we created them. - Albert Einstein
"pocoloco wrote:
I suspect we'll look back on this era at the ends of our lives and realize that magnitude of the financial raping we suffered at the hands of oil companies (and for that matter, health insurance companies). Too many smoke and mirrors right now, other than that they are making the sorts of profits per minute that would make A-Rod feel broke.
Well, when the oil companies were pressed about their ridiculous profits against the current price at the pump, they said that they didn't make that much profit form the pumps as if in an attempt to take the heat off from lowering pump prices.
DD....the #1 Delaware Dolfan..........................
We cannot solve our problems with the same thinking we used when we created them. - Albert Einstein