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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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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Dec 27, 2012 7:34:14 AM Ignore honda0105 Report Abuse well, honeymoon's over... priced up at all stations (8 to 14 cents).
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Dec 26, 2012 12:10:54 AM Ignore honda0105 Report Abuse 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 Posts:2,586 Points:558,555 Joined:Oct 2011	Message Posted: Dec 25, 2012 8:56:33 AM Ignore TruthMatters Report Abuse 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 Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Dec 25, 2012 8:00:21 AM Ignore honda0105 Report Abuse Merry Christmas to All!
bston Champion Author Oklahoma City Posts:1,955 Points:669,990 Joined:Mar 2011	Message Posted: Dec 25, 2012 12:29:53 AM Ignore bston Report Abuse Doesn't give us much confidence that they won't skyrocket again in weeks or months to come.
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Dec 24, 2012 11:04:10 AM Ignore RapMassaG Report Abuse Cheapgasfan - That Grinch would be Greedway.
CityCouponer Champion Author New Orleans Posts:1,073 Points:228,830 Joined:Aug 2012	Message Posted: Dec 24, 2012 10:12:11 AM Ignore CityCouponer Report Abuse They're pretty darn high -- up $.10+ in the last week.
CheapGasFan09 Rookie Author Columbus Posts:48 Points:423,910 Joined:May 2009	Message Posted: Dec 24, 2012 10:07:09 AM Ignore CheapGasFan09 Report Abuse 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 Posts:707 Points:38,185 Joined:Oct 2012	Message Posted: Dec 24, 2012 8:28:52 AM Ignore oilfreak Report Abuse It's still too darn high for me.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Dec 24, 2012 7:27:46 AM Ignore honda0105 Report Abuse 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 Posts:2,178 Points:1,970,590 Joined:Sep 2004	Message Posted: Dec 24, 2012 6:15:18 AM Ignore Nancy&Len Report Abuse They could drop another $1.00 a gallon and they would still be too high.
danny999 Champion Author Florida Posts:8,863 Points:1,666,760 Joined:Oct 2008	Message Posted: Dec 24, 2012 5:42:40 AM Ignore danny999 Report Abuse 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 Posts:7,625 Points:1,584,250 Joined:Dec 2008	Message Posted: Dec 24, 2012 1:53:25 AM Ignore alterman156 Report Abuse Agreed.
skb69sa Champion Author San Antonio Posts:3,623 Points:738,850 Joined:Mar 2011	Message Posted: Dec 24, 2012 1:10:34 AM Ignore skb69sa Report Abuse That's correct
BEGTWO Champion Author Maryland Posts:2,077 Points:751,315 Joined:Sep 2010	Message Posted: Dec 24, 2012 12:24:21 AM Ignore BEGTWO Report Abuse Bitter Sweet
lasriog Sophomore Author Texas Posts:151 Points:355,845 Joined:Jan 2012	Message Posted: Dec 24, 2012 12:15:52 AM Ignore lasriog Report Abuse No new lows around here, up .15 this week
investmentdr Champion Author Cleveland Posts:4,127 Points:1,480,910 Joined:Sep 2008	Message Posted: Dec 24, 2012 12:15:33 AM Ignore investmentdr Report Abuse darn lower is still better than darn higher
millerin Champion Author Orlando Posts:2,332 Points:487,315 Joined:Jan 2012	Message Posted: Dec 24, 2012 12:14:23 AM Ignore millerin Report Abuse hmm...
bvrbill Champion Author Eugene Posts:3,440 Points:546,000 Joined:Jul 2011	Message Posted: Dec 23, 2012 11:52:10 PM Ignore bvrbill Report Abuse They've made $3.00 seem cheap. It never should been raised this high.
fuel2use Champion Author Seattle Posts:3,615 Points:758,920 Joined:Dec 2010	Message Posted: Dec 23, 2012 11:49:54 PM Ignore fuel2use Report Abuse So true.
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Dec 23, 2012 11:41:59 PM Ignore Tekkersmom57 Report Abuse 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 Posts:2,678 Points:1,644,845 Joined:Dec 2007	Message Posted: Dec 23, 2012 11:39:32 PM Ignore Amtrgas Report Abuse TOO DARN HIGH,if you ask me. Should be $2.50/gal, no higher.
MidNJ Champion Author New Jersey Posts:7,686 Points:1,197,290 Joined:Sep 2009	Message Posted: Dec 23, 2012 11:36:16 PM Ignore MidNJ Report Abuse Holding steady at $3.15 to $3.21 around me. Lowest prices in NJ are under $3.00/gal.
flyank Veteran Author Miami Posts:358 Points:267,150 Joined:Jun 2009	Message Posted: Dec 23, 2012 11:33:23 PM Ignore flyank Report Abuse ahem....gas prices once again on the rise.
Dragnet Champion Author Arizona Posts:15,548 Points:2,934,510 Joined:Jul 2004	Message Posted: Dec 23, 2012 11:24:21 PM Ignore Dragnet Report Abuse Your stories are boring me something fierce
drewsworld Sophomore Author Los Angeles Posts:240 Points:19,605 Joined:Aug 2012	Message Posted: Dec 23, 2012 11:21:57 PM Ignore drewsworld Report Abuse whatever
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Dec 23, 2012 11:17:19 PM Ignore mstearno Report Abuse they sure are
granitestater Champion Author New Hampshire Posts:8,980 Points:1,458,450 Joined:Oct 2008	Message Posted: Dec 23, 2012 11:16:30 PM Ignore granitestater Report Abuse Still high. 'Peak oil' hasn't been reached yet. But 'cheap oil' is long gone...
ot4kidz Champion Author Cleveland Posts:1,565 Points:783,780 Joined:Jan 2010	Message Posted: Dec 23, 2012 11:16:05 PM Ignore ot4kidz Report Abuse Low until tomorrow (or the next day).
SNOWMI Champion Author Michigan Posts:1,374 Points:245,305 Joined:Nov 2011	Message Posted: Dec 23, 2012 11:14:34 PM Ignore SNOWMI Report Abuse any price over $2.50 is too high for today's economy.
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,660 Joined:Jun 2004	Message Posted: Dec 23, 2012 11:14:09 PM Ignore BREW9 Report Abuse lower
pcwhiz5385 Sophomore Author Georgia Posts:113 Points:51,460 Joined:May 2012	Message Posted: Dec 23, 2012 11:12:57 PM Ignore pcwhiz5385 Report Abuse lowest i've seen in a while, and i can't complain about that.
Marson Champion Author Scranton Posts:9,082 Points:2,104,885 Joined:Oct 2006	Message Posted: Dec 23, 2012 11:12:41 PM Ignore Marson Report Abuse They need to be abput 30% lower yet
Tiernan Champion Author Chicago Posts:3,620 Points:847,525 Joined:Sep 2005	Message Posted: Dec 23, 2012 11:11:17 PM Ignore Tiernan Report Abuse It was nice while it lasted.
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Dec 23, 2012 11:11:16 PM Ignore Chris46 Report Abuse They were .20 cheaper last week.
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Dec 23, 2012 11:10:26 PM Ignore abcdMA Report Abuse And now they will rise again
Pointtx Champion Author Austin Posts:3,366 Points:749,330 Joined:Mar 2011	Message Posted: Dec 23, 2012 11:10:17 PM Ignore Pointtx Report Abuse Whatever
TheeRedRam Champion Author Hartford Posts:3,303 Points:700,335 Joined:Jun 2011	Message Posted: Dec 23, 2012 11:08:14 PM Ignore TheeRedRam Report Abuse They ate not low enough.
scubadaniel Champion Author Dayton Posts:1,556 Points:719,525 Joined:Jan 2011	Message Posted: Dec 23, 2012 11:04:48 PM Ignore scubadaniel Report Abuse 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 Posts:3,310 Points:1,229,585 Joined:May 2009	Message Posted: Dec 23, 2012 11:04:13 PM Ignore wang91554 Report Abuse compared to where? or when?
DrLyon Champion Author Michigan Posts:6,769 Points:1,238,615 Joined:May 2006	Message Posted: Dec 23, 2012 11:02:04 PM Ignore DrLyon Report Abuse Lower yes, but the up and down if this week was nuts...
John747 Champion Author Chicago Posts:474,663 Points:3,652,610 Joined:Aug 2001	Message Posted: Dec 23, 2012 11:01:29 PM Ignore John747 Report Abuse 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:7,207 Points:2,497,165 Joined:Jun 2004	Message Posted: Dec 23, 2012 10:59:35 PM Ignore rjoeh Report Abuse 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:3,720 Points:843,980 Joined:Jul 2008	Message Posted: Dec 23, 2012 10:58:00 PM Ignore Wildman14 Report Abuse Yes they are "Stiil Pretty Darn High." And, going up.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Dec 23, 2012 10:54:07 PM Ignore camel1 Report Abuse they increased since monday here. up 10 cents
wulf2000 Champion Author Miami Posts:3,161 Points:1,412,405 Joined:May 2005	Message Posted: Dec 23, 2012 10:52:42 PM Ignore wulf2000 Report Abuse Of couse the price is still too high.
barbs24 Champion Author Virginia Beach Posts:3,277 Points:2,068,230 Joined:Feb 2006	Message Posted: Dec 23, 2012 10:51:19 PM Ignore barbs24 Report Abuse Saw 2.82 in SC on the way home.
5Golfer8 Champion Author Tucson Posts:2,263 Points:326,925 Joined:Jun 2011	Message Posted: Dec 23, 2012 10:50:22 PM Ignore 5Golfer8 Report Abuse Prices are still three times too high.
TheDix Champion Author Ontario Posts:3,109 Points:607,360 Joined:Dec 2009	Message Posted: Dec 23, 2012 10:50:19 PM Ignore TheDix Report Abuse All that fracking isn't doing much yet.
suzmar Champion Author Texas Posts:2,223 Points:896,935 Joined:Jun 2006	Message Posted: Dec 23, 2012 10:49:39 PM Ignore suzmar Report Abuse This administration wants to keep oil prices high to make "green" energy seem more attractive.