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GasBuddy News Article

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Gas Prices Reach New Lows For 2012 But They're Stiil Pretty Darn High

TIME Business and Money --
Hurray! Drivers are now seeing the year’s cheapest prices at the pump. Let’s not get carried away and actually declare these prices truly “cheap,” however.
When this week’s Energy Information Administration report came out on Monday, the national average for a gallon of regular stood at $3.25, representing a drop of nearly 10¢ in a single week’s time. Due to increased supply and a somewhat typical dip in seasonal demand, gas prices have plummeted nationally since autumn—in mid-October, the national average measured $3.82.

As MarketWatch and others noted, the $3.25 mark was the lowest gas prices had been for all of 2012. Prices have continued to drop since then, reaching $3.226 as of Wednesday, according to AAA’s Fuel Gauge Report. If pump prices decrease by a few more pennies, we’ll


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Submitted Dec 23, 2012 By: RUNNINONEMPTYFL
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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Dec 27, 2012 7:34:14 AM

well, honeymoon's over... priced up at all stations (8 to 14 cents).
honda0105
Champion Author Tallahassee

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Message Posted: Dec 26, 2012 12:10:54 AM

around here, prices are about the same as last year (3.27 vs. 3.22). Still way too high though.
TruthMatters
Champion Author New Jersey

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Message Posted: Dec 25, 2012 8:56:33 AM

That's right! Everything is relative: Compared to last month, prices are lower; compared to last year, prices are still too high!
honda0105
Champion Author Tallahassee

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Message Posted: Dec 25, 2012 8:00:21 AM

Merry Christmas to All!
bston
Champion Author Oklahoma City

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Message Posted: Dec 25, 2012 12:29:53 AM

Doesn't give us much confidence that they won't skyrocket again in weeks or months to come.
RapMassaG
Champion Author Cincinnati

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Message Posted: Dec 24, 2012 11:04:10 AM

Cheapgasfan - That Grinch would be Greedway.
CityCouponer
Champion Author New Orleans

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Message Posted: Dec 24, 2012 10:12:11 AM

They're pretty darn high -- up $.10+ in the last week.
CheapGasFan09
Rookie Author Columbus

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Message Posted: Dec 24, 2012 10:07:09 AM

Like all the other holidays this year, the Grinch prevailed and prices jumped just in time for Christmas at ALL the stations here in the Heartland with the Price Fixing price of $3.25 for regular. Merry Christmas to all you Greedy oil speculators. Hope you all get what you deserve as you are surely deserving to be on Santa's Naughty List.
oilfreak
All-Star Author Houston

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Message Posted: Dec 24, 2012 8:28:52 AM

It's still too darn high for me.
honda0105
Champion Author Tallahassee

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Message Posted: Dec 24, 2012 7:27:46 AM

going up here again. BP was the first here (up a dime on Friday), then Texaco (up 13 cents on Saturday). Rest is stablized at 3.21 for unleaded 87 so far.
Nancy&Len
Champion Author Cleveland

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Message Posted: Dec 24, 2012 6:15:18 AM

They could drop another $1.00 a gallon and they would still be too high.
danny999
Champion Author Florida

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Message Posted: Dec 24, 2012 5:42:40 AM

Prices were manipulated up for Christmas Holiday again.SHELL led the way,followed by Sunoco.Now I buy from Murphy's at Walmart.
alterman156
Champion Author New York

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Message Posted: Dec 24, 2012 1:53:25 AM

Agreed.
skb69sa
Champion Author San Antonio

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Message Posted: Dec 24, 2012 1:10:34 AM

That's correct
BEGTWO
Champion Author Maryland

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Message Posted: Dec 24, 2012 12:24:21 AM

Bitter Sweet
lasriog
Veteran Author Texas

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Message Posted: Dec 24, 2012 12:15:52 AM

No new lows around here, up .15 this week
investmentdr
Champion Author Cleveland

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Message Posted: Dec 24, 2012 12:15:33 AM

darn lower is still better than darn higher
millerin
Champion Author Orlando

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Message Posted: Dec 24, 2012 12:14:23 AM

hmm...
bvrbill
Champion Author Eugene

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Message Posted: Dec 23, 2012 11:52:10 PM

They've made $3.00 seem cheap. It never should been raised this high.
fuel2use
Champion Author Seattle

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Message Posted: Dec 23, 2012 11:49:54 PM

So true.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Dec 23, 2012 11:41:59 PM

The problem with this article makes it seem that we should be grateful for our gas prices now being as low as they were last year at this time. They failed to tell us that oil was $98/barrel compared with this year being at $88/barrel. Folks, oil is TEN dollars/barrel cheaper and we are supposed to be happy that we are the same gas price. Does anyone see a problem with this????
Amtrgas
Champion Author Oakland

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Message Posted: Dec 23, 2012 11:39:32 PM

TOO DARN HIGH,if you ask me. Should be $2.50/gal, no higher.
MidNJ
Champion Author New Jersey

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Message Posted: Dec 23, 2012 11:36:16 PM

Holding steady at $3.15 to $3.21 around me. Lowest prices in NJ are under $3.00/gal.
flyank
Veteran Author Miami

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Message Posted: Dec 23, 2012 11:33:23 PM

ahem....gas prices once again on the rise.
Dragnet
Champion Author Arizona

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Message Posted: Dec 23, 2012 11:24:21 PM

Your stories are boring me something fierce
drewsworld
Sophomore Author Los Angeles

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Message Posted: Dec 23, 2012 11:21:57 PM

whatever
mstearno
Champion Author Dayton

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Message Posted: Dec 23, 2012 11:17:19 PM

they sure are
granitestater
Champion Author New Hampshire

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Message Posted: Dec 23, 2012 11:16:30 PM

Still high. 'Peak oil' hasn't been reached yet. But 'cheap oil' is long gone...
ot4kidz
Champion Author Cleveland

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Message Posted: Dec 23, 2012 11:16:05 PM

Low until tomorrow (or the next day).
SNOWMI
Champion Author Michigan

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Message Posted: Dec 23, 2012 11:14:34 PM

any price over $2.50 is too high for today's economy.
BREW9
Champion Author Tampa

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Message Posted: Dec 23, 2012 11:14:09 PM

lower
pcwhiz5385
Sophomore Author Georgia

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Message Posted: Dec 23, 2012 11:12:57 PM

lowest i've seen in a while, and i can't complain about that.
Marson
Champion Author Scranton

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Message Posted: Dec 23, 2012 11:12:41 PM

They need to be abput 30% lower yet
Tiernan
Champion Author Chicago

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Message Posted: Dec 23, 2012 11:11:17 PM

It was nice while it lasted.
Chris46
Champion Author Dayton

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Message Posted: Dec 23, 2012 11:11:16 PM

They were .20 cheaper last week.
abcdMA
Champion Author Worcester

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Message Posted: Dec 23, 2012 11:10:26 PM

And now they will rise again
Pointtx
Champion Author Austin

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Message Posted: Dec 23, 2012 11:10:17 PM

Whatever
TheeRedRam
Champion Author Hartford

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Message Posted: Dec 23, 2012 11:08:14 PM

They ate not low enough.
scubadaniel
Champion Author Dayton

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Message Posted: Dec 23, 2012 11:04:48 PM

Lower, yes, but not low. However, they are less the half of what secretary Chu wants them to be. I wonder what they would do with all that extra tax money?
wang91554
Champion Author San Jose

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Message Posted: Dec 23, 2012 11:04:13 PM

compared to where? or when?
DrLyon
Champion Author Michigan

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Message Posted: Dec 23, 2012 11:02:04 PM

Lower yes, but the up and down if this week was nuts...
John747
Champion Author Chicago

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Message Posted: Dec 23, 2012 11:01:29 PM

They may be low but rest assured that President Obama and Energy Secretary Chu are doing everything they can to get our gas prices up to the levels they pay in Europe.
rjoeh
Champion Author Michigan

Posts:10,449
Points:3,303,315
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Message Posted: Dec 23, 2012 10:59:35 PM

Yes, relatively speaking prices are low these days... but if you widen your range of time... you find that even these prices are a bit hefty and they are having their impact on our economy and available funds to spend elsewhere.
Wildman14
Champion Author Virginia

Posts:5,979
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Message Posted: Dec 23, 2012 10:58:00 PM

Yes they are "Stiil Pretty Darn High." And, going up.
camel1
Champion Author Minnesota

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Message Posted: Dec 23, 2012 10:54:07 PM

they increased since monday here. up 10 cents
wulf2000
Champion Author Miami

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Message Posted: Dec 23, 2012 10:52:42 PM

Of couse the price is still too high.
barbs24
Champion Author Virginia Beach

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Message Posted: Dec 23, 2012 10:51:19 PM

Saw 2.82 in SC on the way home.
5Golfer8
Champion Author Tucson

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Message Posted: Dec 23, 2012 10:50:22 PM

Prices are still three times too high.
TheDix
Champion Author Ontario

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Message Posted: Dec 23, 2012 10:50:19 PM


All that fracking isn't doing much yet.
suzmar
Champion Author Texas

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Message Posted: Dec 23, 2012 10:49:39 PM

This administration wants to keep oil prices high to make "green" energy seem more attractive.
DEG
Champion Author Las Vegas

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Message Posted: Dec 23, 2012 10:46:50 PM

The prices should be closer to $2/gallon and not $3+/gallon.
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