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Great Lakes may start seeing relief from gasageddon

GasBuddy Blog -- I've been peppered with questions in the last few days asking when the Great Lakes region would see relief from the intense gasoline price increases they've been seeing, so it's with happiness that I report we're starting to see initial signs of a cooldown in gas prices in the region.

While energy markets are open, this will be subject to change as the day wears on, but at current writing, wholesale costs look like they could finish the day down double digits per gallon, which certainly would be welcome relief to the region.

Gasoline prices across the region rose significantly last week with average prices in Indiana rising 30c/gal, Michigan rising 24c/gal, Ohio rising 29c/gal, Illinois rising 35c/gal, Wisconsin rising...

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Submitted Aug 06, 2012 By: PD

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stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 17, 2012 11:50:59 AM Ignore stonecold5005 Report Abuse good sutf
pskitty Rookie Author Knoxville Posts:1 Points:3,070 Joined:Jul 2012	Message Posted: Aug 15, 2012 6:52:30 AM Ignore pskitty Report Abuse It's been difficult to plan trips to MI to visit family because the gas prices up there have been so outrageous. It takes up a good chunk of vacation budget.
william1965 Rookie Author Cleveland Posts:93 Points:52,480 Joined:Jun 2012	Message Posted: Aug 14, 2012 4:33:02 PM Ignore william1965 Report Abuse 38 cents per gallom here in cleveland east side area and no signs of prices comming down just oil companie gouging as usual
albert2008 Champion Author Winnipeg Posts:7,362 Points:1,482,960 Joined:Sep 2008	Message Posted: Aug 14, 2012 8:31:28 AM Ignore albert2008 Report Abuse good stuff
85XJ Champion Author Toledo Posts:5,618 Points:1,282,715 Joined:Mar 2005	Message Posted: Aug 14, 2012 7:39:37 AM Ignore 85XJ Report Abuse Thirty to forty cent jump here in the last day, so I guess we MAY not be seeing any relief.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 11, 2012 9:16:05 AM Ignore honda0105 Report Abuse gasokie: greed is an excess of the desire to get top dollars. Look at the profit margins that Pig Oil reaps while the rest of the economy is suffering. There's no reason to drive the prices at the pump b/c the barrel prices have not fluctuated sufficiently to warrant a 60+ cent increase in one month. That's solely greed. Pig Oil raises prices because they can be raised (since the consumer will pay).
gasokie Champion Author Oklahoma Posts:3,450 Points:1,327,140 Joined:May 2007	Message Posted: Aug 10, 2012 6:57:11 PM Ignore gasokie Report Abuse A nasty word, greed. All of us want top dollar for our wages and our products. Fires, floods, pipelines breaking are not results of plots. Just stuff that happens. If you think an oil company is going to drop prices just because you think they are greedy or that you think, as does Dear Leader in Korea, that speculators are pigs who should be put to death then you are just wrong. Supply and demand works every time and though it "ain't" foolproof, it's better than any system ever invented to date...a whole bunch better than the communist systems proposed repeatedly in these blogs by bloggers who may not realize what they are really proposing when they tear into what they call "speculators." It's obvious they really don't understand the market systems.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 10, 2012 5:19:28 AM Ignore honda0105 Report Abuse I guess gasageddeon is seeping into other areas now?
clpassenubye Champion Author Los Angeles Posts:3,359 Points:756,105 Joined:Mar 2011	Message Posted: Aug 9, 2012 11:37:41 AM Ignore clpassenubye Report Abuse good
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 9, 2012 4:56:29 AM Ignore honda0105 Report Abuse prices have jumped over 50 cents in the past month. No reason for it. Nearing August 2008 ranges and there's no reason out there for it. Oh, wait, there is,... greed.
pilotmass Champion Author Boston Posts:1,836 Points:504,560 Joined:Jul 2011	Message Posted: Aug 8, 2012 2:55:30 PM Ignore pilotmass Report Abuse Watch prices in California rise due to fires
tutaw Champion Author Kentucky Posts:3,623 Points:844,920 Joined:Sep 2008	Message Posted: Aug 7, 2012 7:44:19 PM Ignore tutaw Report Abuse not soon enough
roadrunnin Champion Author Richmond Posts:1,760 Points:566,955 Joined:May 2008	Message Posted: Aug 7, 2012 3:06:16 PM Ignore roadrunnin Report Abuse this is why we need back up plans, because any number of events or attacks could cause a disruption in distribution.
zaq001 Champion Author Atlanta Posts:3,990 Points:1,475,775 Joined:Oct 2008	Message Posted: Aug 7, 2012 1:14:31 PM Ignore zaq001 Report Abuse old news
RogerB Champion Author Indianapolis Posts:18,071 Points:2,626,060 Joined:Dec 2005	Message Posted: Aug 7, 2012 1:06:38 PM Ignore RogerB Report Abuse old post (yawnnn)
RogerB Champion Author Indianapolis Posts:18,071 Points:2,626,060 Joined:Dec 2005	Message Posted: Aug 7, 2012 1:06:18 PM Ignore RogerB Report Abuse old post (yawnnn)
RogerB Champion Author Indianapolis Posts:18,071 Points:2,626,060 Joined:Dec 2005	Message Posted: Aug 7, 2012 1:05:36 PM Ignore RogerB Report Abuse old post (yawnnn)
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: Aug 7, 2012 12:20:16 PM Ignore sparky808 Report Abuse old post
hok Champion Author Los Angeles Posts:1,370 Points:1,008,320 Joined:May 2008	Message Posted: Aug 7, 2012 12:11:55 PM Ignore hok Report Abuse Good news! √
GatorGuy Champion Author Columbia Posts:2,238 Points:1,209,195 Joined:Jan 2009	Message Posted: Aug 7, 2012 11:07:22 AM Ignore GatorGuy Report Abuse Good news; I'm glad I don't live there any longer-prices are bad enough in the southeast.
crep1291 Champion Author Ottawa Posts:2,587 Points:481,455 Joined:Dec 2010	Message Posted: Aug 7, 2012 10:37:31 AM Ignore crep1291 Report Abuse Double digits per gallon probably means 0.10$/gal, not 0.99$/gal... After a rise of 0.24-0.35$/gal, that's not as much relief as being simply less gouged.
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,990 Joined:Sep 2006	Message Posted: Aug 7, 2012 10:29:35 AM Ignore chyguy3 Report Abuse Old post
40mpgsaturn Champion Author Wisconsin Posts:2,500 Points:522,380 Joined:Jun 2011	Message Posted: Aug 7, 2012 10:29:20 AM Ignore 40mpgsaturn Report Abuse We are up .62 in 3 weeks($3.27-$3.89). This sucks!!
LostAgain2009 Champion Author New Mexico Posts:2,398 Points:711,685 Joined:Apr 2009	Message Posted: Aug 7, 2012 10:27:23 AM Ignore LostAgain2009 Report Abuse Somehow I doubt that the price will come down anywhere near as fast as it climbed, even should all supply restrictions be removed.
peanutsMN Champion Author Twin Cities Posts:1,693 Points:387,840 Joined:Jul 2011	Message Posted: Aug 7, 2012 10:26:26 AM Ignore peanutsMN Report Abuse up 20 cents a gallon here in one day.
Don20 Champion Author Oklahoma City Posts:9,682 Points:2,621,580 Joined:Mar 2005	Message Posted: Aug 7, 2012 10:26:16 AM Ignore Don20 Report Abuse This is old news, but it should be about time these people get a break..
Emmamae1 Champion Author Illinois Posts:3,071 Points:591,140 Joined:Oct 2011	Message Posted: Aug 7, 2012 10:25:43 AM Ignore Emmamae1 Report Abuse hope that pipeline gets fixed soon.
peapaw Champion Author Ohio Posts:4,051 Points:690,720 Joined:Jun 2011	Message Posted: Aug 7, 2012 10:24:56 AM Ignore peapaw Report Abuse uh-huh.
AuntJaime Champion Author New Jersey Posts:2,869 Points:401,310 Joined:May 2011	Message Posted: Aug 7, 2012 10:24:15 AM Ignore AuntJaime Report Abuse going up steadily in nj
tomok Champion Author Portland Posts:33,073 Points:2,347,460 Joined:Aug 2006	Message Posted: Aug 7, 2012 10:22:22 AM Ignore tomok Report Abuse Big Oil will raise fuel prices if they want to and/or will have a refinery undergo 'unplanned maintenance' when they want to. There is nothing you can do, Big oil will maintain its profits without regard to your well being or your possible economic problems. The fuel price will slowly go down with the increased supply but with any disruption in supply and the price will go up like a rocket. What region will be next with Big Oil's gouging and gasageddon of the public? Gasageddon, Carageddon, Cornageddon, Droughtageddon, Stormageddon, Hurricaneageddon, Metorageddon. Oh, the Humanity! 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. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012
MarkJM Champion Author Little Rock Posts:1,450 Points:1,347,745 Joined:Oct 2005	Message Posted: Aug 7, 2012 10:21:58 AM Ignore MarkJM Report Abuse We're up 10 to 15 cents in the last week
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 7, 2012 10:21:04 AM Ignore DougtheEconMan Report Abuse Keep your tanks and gas cans full for the next 5 or 6 weeks. High prices and spot shortages are possible.
Donliberty Champion Author New York Posts:1,678 Points:655,965 Joined:Apr 2011	Message Posted: Aug 7, 2012 10:20:01 AM Ignore Donliberty Report Abuse ok
njerald Champion Author Seattle Posts:7,839 Points:1,626,000 Joined:Oct 2007	Message Posted: Aug 7, 2012 10:19:04 AM Ignore njerald Report Abuse HA!!!!!!!!!!!! Oil prices increasing.
waynemustang Champion Author Indiana Posts:6,387 Points:1,667,735 Joined:Nov 2006	Message Posted: Aug 7, 2012 10:17:59 AM Ignore waynemustang Report Abuse Gas is cheaper than the $5 that Obama Regime wants.
slvrdo_dsprdo Champion Author Nashville Posts:4,707 Points:913,990 Joined:Jul 2008	Message Posted: Aug 7, 2012 10:17:45 AM Ignore slvrdo_dsprdo Report Abuse Can we change the news stories on a daily basis, please?
Bud122CA Champion Author California Posts:7,481 Points:1,608,025 Joined:Jul 2008	Message Posted: Aug 7, 2012 10:17:21 AM Ignore Bud122CA Report Abuse Good but hope it spreads a cross the country.
Topshopper2011 Champion Author New Jersey Posts:1,017 Points:278,295 Joined:Aug 2011	Message Posted: Aug 7, 2012 10:17:06 AM Ignore Topshopper2011 Report Abuse what is really going on here?
trugasCA Champion Author California Posts:3,892 Points:160,905 Joined:Mar 2011	Message Posted: Aug 7, 2012 10:14:38 AM Ignore trugasCA Report Abuse It is our turn now, thanks to a Chevron refinery fire in Richmond CA
jmg144 Champion Author Maryland Posts:9,711 Points:2,903,060 Joined:Jul 2004	Message Posted: Aug 7, 2012 10:14:01 AM Ignore jmg144 Report Abuse Midwest is getting blasted in several ways - weather and gas prices.
carman11 Champion Author North Carolina Posts:3,353 Points:694,650 Joined:Jun 2011	Message Posted: Aug 7, 2012 10:13:50 AM Ignore carman11 Report Abuse OK
lonewolfhead Champion Author Texas Posts:1,655 Points:563,745 Joined:Aug 2011	Message Posted: Aug 7, 2012 10:12:30 AM Ignore lonewolfhead Report Abuse ok
teebone1234 Champion Author San Francisco Posts:1,712 Points:350,025 Joined:Apr 2012	Message Posted: Aug 7, 2012 10:12:04 AM Ignore teebone1234 Report Abuse okay
Car54BC08 Champion Author British Columbia Posts:4,264 Points:1,512,290 Joined:Jun 2008	Message Posted: Aug 7, 2012 10:11:07 AM Ignore Car54BC08 Report Abuse This is a repeat
JXQW Champion Author Kansas City Posts:2,787 Points:684,925 Joined:Jul 2008	Message Posted: Aug 7, 2012 10:10:03 AM Ignore JXQW Report Abuse really?
snappytom2 Champion Author Corpus Christi Posts:3,561 Points:275,220 Joined:Jul 2008	Message Posted: Aug 7, 2012 10:07:54 AM Ignore snappytom2 Report Abuse Time to move gasageddon to another area of the country.
pricechecker08 Champion Author Ohio Posts:7,886 Points:1,702,650 Joined:Jan 2008	Message Posted: Aug 7, 2012 10:07:42 AM Ignore pricechecker08 Report Abuse WHEN
bigLtowing Champion Author Columbus Posts:2,849 Points:594,515 Joined:Aug 2011	Message Posted: Aug 7, 2012 10:07:12 AM Ignore bigLtowing Report Abuse ok
LongPlay Champion Author Albuquerque Posts:4,253 Points:1,242,125 Joined:May 2008	Message Posted: Aug 7, 2012 10:06:40 AM Ignore LongPlay Report Abuse Eliminate the EPA regulations and they may be able to get gas from other places. Supply an demand work but there is no need to make it harder to supply the gas.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 7, 2012 10:05:35 AM Ignore DougtheEconMan Report Abuse Keep your tanks and gas cans full for the next 5 or 6 weeks. High prices and spot shortages are possible.