Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:50 AM

GasBuddy News Article

41
votes
National average levels off, sets Thanksgiving Day record

GasBuddy Blog -- Thanksgiving has come and gone, and with an average price of $3.43/gal on turkey day, it was indeed the most expensive Thanksgiving Day at the pump we've ever seen. The record set on Thanksgiving may also be a harbinger of what's to come in 2013, as I continue to assemble GasBuddy's 2013 gasoline price forecast.

For now, the national average has stalled, with prices rising versus where they were a week ago, and while we may see some movement lower in the weeks ahead, I doubt it'll be enough to be dubbed significant. From here on out, we tend to see the market digest turkey, or rather news from turkey day weekend shopping figures, and many times that can point to improvements in the economy (via personal spending) which certainly can...


Read the Full Article

Submitted Nov 26, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: National average levels off, sets Thanksgiving Day record Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
E-Squirrel
Champion Author Orange County

Posts:3,371
Points:948,105
Joined:Feb 2005
Message Posted: Dec 3, 2012 8:28:22 PM

RapMassaG asserts:

"Thinking supply and demand have anything to do with it."

Sorry, no, that doesn't repeal the basic law of Supply and Demand. If legislation could control this, the politicians would have already given us inexpensive fuel.

If you don't understand these principles, you really should try buying some futures, it will give you a badly needed lesson in economics.

[Edited by: E-Squirrel at 12/3/2012 8:29:34 PM EST]
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,713
Points:2,184,815
Joined:Nov 2008
Message Posted: Nov 29, 2012 12:01:52 AM

starting to climb again. Diesel already went up in some places and gas has picked up too in several areas.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,713
Points:2,184,815
Joined:Nov 2008
Message Posted: Nov 28, 2012 5:52:41 AM

bobmilan: not sure you realize, but PD is Patrick DeHaan, whose job it is to watch oil and fuel prices for a living.
Profile Pic
kuma2000
Champion Author Honolulu

Posts:5,762
Points:1,241,100
Joined:Jun 2011
Message Posted: Nov 28, 2012 3:27:59 AM

hopefully the prices of gasoline will decrease
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,241
Points:1,215,050
Joined:Mar 2011
Message Posted: Nov 28, 2012 1:25:05 AM

Prices are sure to increase before years end.
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,369
Points:1,495,245
Joined:Oct 2008
Message Posted: Nov 27, 2012 5:47:55 PM

ROFL @ E-Squirrel. Thinking supply and demand have anything to do with it.

hahahah. Hasn't been the case since the CFMA was passed in 2000.
Profile Pic
E-Squirrel
Champion Author Orange County

Posts:3,371
Points:948,105
Joined:Feb 2005
Message Posted: Nov 27, 2012 4:11:44 PM

rrs517 asserts:

"The real reason is speculators..."

No, that wouldn't make any sense, would it? Speculators that only want to make money on Thanksgiving? Is that what you really think?

Go back and examine the economic principle known as the Law of Supply and Demand.

Wikipedia entry on "Supply and Demand"
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Nov 27, 2012 3:17:42 PM

ok
Profile Pic
rrs517
Champion Author Colorado

Posts:3,400
Points:916,075
Joined:Apr 2006
Message Posted: Nov 27, 2012 2:20:18 PM

The real reason is speculators - this is legalized gambling where the public pays for the chips and the speculators skim incremental profit from the price fluctuations - both up and down - it is a Lose-Lose situation for the public
Profile Pic
indyjim
Champion Author Indianapolis

Posts:13,529
Points:2,894,270
Joined:Jul 2006
Message Posted: Nov 27, 2012 10:52:54 AM

All the reasons that are given for price increases are just excuses to cover up the REAL reason..............greed and gouging. Our govt. should be protecting us from that but they're too busy determining how they can get their next pay increase through or which insider trading deal they will invest in.
Profile Pic
WalkingWV
Champion Author West Virginia

Posts:3,868
Points:807,870
Joined:May 2008
Message Posted: Nov 27, 2012 10:07:34 AM

Will be an even higher record for Christmas if they don't settle down in the middle east.
Profile Pic
OldMan322
Champion Author Illinois

Posts:9,282
Points:2,168,555
Joined:Jul 2008
Message Posted: Nov 27, 2012 9:00:01 AM

Just more of the same old greedy crooks
Profile Pic
rbrowdersr
Champion Author Detroit

Posts:6,488
Points:2,204,700
Joined:Aug 2006
Message Posted: Nov 27, 2012 7:47:02 AM

Much too expensive.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,358
Points:2,779,595
Joined:Oct 2005
Message Posted: Nov 27, 2012 6:07:40 AM

Old news.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,587
Points:2,809,175
Joined:Jun 2005
Message Posted: Nov 27, 2012 6:07:30 AM

Yep, still costs over $50 to fill up around here at $3.60/gal.
Profile Pic
bikechuck
Champion Author Indianapolis

Posts:9,516
Points:2,637,845
Joined:Apr 2006
Message Posted: Nov 27, 2012 6:06:35 AM

I don't look for any improvement in gas prices and when Obama wins his tax hikes added to the cost of this new health care system and food stamps, our economy will suffer.
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,814
Points:2,365,480
Joined:Sep 2004
Message Posted: Nov 27, 2012 6:06:31 AM

I saw 4 sations thi morning at $3.37.
Profile Pic
Redink
Champion Author Indianapolis

Posts:9,453
Points:1,837,120
Joined:Aug 2005
Message Posted: Nov 27, 2012 6:05:06 AM

Prices will decline a few cents and then rise again.
Profile Pic
oas
Champion Author Maryland

Posts:6,711
Points:2,713,915
Joined:Feb 2005
Message Posted: Nov 27, 2012 6:04:09 AM

The key here is that we are at record levels.
Profile Pic
ChristinaCricke
Champion Author New Jersey

Posts:6,222
Points:1,336,650
Joined:Mar 2011
Message Posted: Nov 27, 2012 6:03:49 AM

LIFE IS TOO SHORT...NEED TO VISIT FAMILY WHILE WE CAN!
Profile Pic
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Nov 27, 2012 6:01:57 AM

This is why we didn't travel.
Profile Pic
chuckohio
Champion Author Columbus

Posts:3,562
Points:794,675
Joined:Aug 2012
Message Posted: Nov 27, 2012 6:01:09 AM

Still too high
Profile Pic
prcoqui
Champion Author Maryland

Posts:5,485
Points:2,072,865
Joined:Dec 2006
Message Posted: Nov 27, 2012 6:00:42 AM

I'm glad we are 20 cents below that.
Profile Pic
rick_evans
Champion Author Boston

Posts:6,335
Points:1,597,655
Joined:Aug 2005
Message Posted: Nov 27, 2012 5:59:06 AM

It would be nice if the Gasbuddy blog step aside for real news.
Profile Pic
SaturnSC
Champion Author Columbus

Posts:1,631
Points:1,256,300
Joined:Nov 2008
Message Posted: Nov 27, 2012 5:57:45 AM

Off
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,656
Points:1,196,330
Joined:Oct 2010
Message Posted: Nov 27, 2012 5:57:09 AM

blah blah blah
Profile Pic
vamike
Champion Author Virginia

Posts:7,618
Points:1,921,805
Joined:Dec 2008
Message Posted: Nov 27, 2012 5:55:59 AM

1/20/17
Profile Pic
Prov1322
Champion Author Atlanta

Posts:2,826
Points:960,195
Joined:Nov 2011
Message Posted: Nov 27, 2012 5:55:14 AM

As others have said...when W was president it was a constant drumbeat of how it was all W's fault...now, with The One (LOL) it is "the new normal" and no big deal to pay higher prices.
Profile Pic
Lengas
Champion Author Gary

Posts:16,187
Points:3,290,725
Joined:Nov 2004
Message Posted: Nov 27, 2012 5:54:14 AM

Big Oil Manipilation
Profile Pic
Ringmaster2008
Champion Author Ontario

Posts:9,820
Points:1,577,330
Joined:Apr 2008
Message Posted: Nov 27, 2012 5:53:05 AM

OK
Profile Pic
no_monkey2002
Champion Author Tallahassee

Posts:8,872
Points:2,166,670
Joined:Mar 2006
Message Posted: Nov 27, 2012 5:51:38 AM

give obama all the thanks for higher gas prices...he needs a raise.
Profile Pic
hamdriver
Champion Author Lansing

Posts:5,696
Points:1,939,310
Joined:Feb 2008
Message Posted: Nov 27, 2012 5:51:12 AM

Old news
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,186
Points:919,735
Joined:May 2012
Message Posted: Nov 27, 2012 5:49:18 AM

Mainstream propaganda,while price increases must be Bush`s fault ,{ four years on },The "lord & savior",to quote Jamie Foxx, { BET Awards , I believe } ,is blameless for any price increases & totally in control when there is a drop in prices
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,791
Points:817,100
Joined:Aug 2012
Message Posted: Nov 27, 2012 5:48:59 AM

as expected
Profile Pic
lindact
Champion Author New Haven

Posts:11,079
Points:2,258,495
Joined:May 2008
Message Posted: Nov 27, 2012 5:48:48 AM

Any dips will most likely be insignificant.
Profile Pic
ILVET
Champion Author Illinois

Posts:17,379
Points:3,495,490
Joined:Jan 2005
Message Posted: Nov 27, 2012 5:48:22 AM

Makes next Thanksgiving scary dosent it
Profile Pic
isem
Champion Author Missouri

Posts:4,409
Points:998,215
Joined:Feb 2012
Message Posted: Nov 27, 2012 5:47:58 AM

Déjà vu
Profile Pic
epf
Champion Author Grand Rapids

Posts:8,814
Points:2,462,745
Joined:May 2004
Message Posted: Nov 27, 2012 5:47:22 AM

We are at $3.53 average currently.
Profile Pic
tc316
Champion Author Twin Cities

Posts:13,184
Points:2,286,265
Joined:Apr 2007
Message Posted: Nov 27, 2012 5:46:55 AM

Old
Profile Pic
rjd1608
Champion Author Toledo

Posts:7,809
Points:2,502,980
Joined:Aug 2003
Message Posted: Nov 27, 2012 5:46:28 AM

still high in toledo
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:5,622
Points:1,234,820
Joined:Dec 2010
Message Posted: Nov 27, 2012 5:45:57 AM

No change here as of this morning but I'm sure that will not last for long!
Profile Pic
TWS658
Champion Author Portland

Posts:5,974
Points:1,316,400
Joined:Sep 2005
Message Posted: Nov 27, 2012 5:45:31 AM

With Obozo around for an additional four years, the trend will go up.
Profile Pic
Maintroll
Champion Author Lexington

Posts:11,111
Points:2,278,060
Joined:Aug 2008
Message Posted: Nov 27, 2012 5:44:37 AM

Nothing has leveled off in this area, in fact it went up by .30 plus cents per gallon.
Profile Pic
Bildawg
Champion Author Ohio

Posts:1,334
Points:948,405
Joined:Oct 2011
Message Posted: Nov 27, 2012 5:42:59 AM

old
Profile Pic
tomok
Champion Author Portland

Posts:43,265
Points:2,920,460
Joined:Aug 2006
Message Posted: Nov 27, 2012 5:42:22 AM

National average levels off, sets Thanksgiving Day record, a sign of things to come. Higher fuel prices, Sneeky is pushing EV's, Inbreds and renewable energy. Sneeky has been spending so much money ever since he gained that position and 'you' have to pay for it somehow and this is one way to do it. 'Four More Years!'
Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! Sneeky's mishandling of the US government, huge federal government debt (and growing) and the most important item: the 'idiot sheep' that voted this obomination back into office. More refineries is Not the answer, keep the fuel and natural gas here.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ 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!
Profile Pic
DrivingFool2
Champion Author Appleton

Posts:11,123
Points:2,169,510
Joined:Apr 2005
Message Posted: Nov 27, 2012 5:41:41 AM

Bring it down
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,332
Points:1,383,565
Joined:Sep 2006
Message Posted: Nov 27, 2012 5:40:17 AM

Old, and gas is still too high.
Profile Pic
jeff95519
Champion Author California

Posts:4,871
Points:1,925,820
Joined:Sep 2008
Message Posted: Nov 27, 2012 5:39:45 AM

so then what
Profile Pic
Bonanza
Champion Author Boston

Posts:15,031
Points:3,125,730
Joined:Jun 2004
Message Posted: Nov 27, 2012 5:33:09 AM

Yesterday's news
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,182
Points:2,163,860
Joined:Aug 2008
Message Posted: Nov 27, 2012 5:31:36 AM

well of course
Post a reply Back to Topics