Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:27 AM

GasBuddy News Article

65
votes
Oil, gasoline open lower Monday, spike in Great Lakes?

GasBuddy Blog -- Crude oil and gasoline spot prices have started the work week by giving up some of their late-week gains from last week. Crude oil was down $1.31/bbl at 9:30am ET Monday while gasoline spot prices were moving lower by 5-6 cents per gallon. Spot prices are a guiding factor for gasoline terminals to adjust their prices, meaning what happens on the market today will lead to terminals adjusting their prices later today after the market has closed.

Even with the downtown early Monday, prices still may spike today in the Great Lakes states thanks to spot prices jumping 10c/gallon Friday in the region, leading terminals to raise their prices to follow. Retail prices hadn't yet shown signs of rising Monday morning at 9:30am ET, but will likely...


Read the Full Article

Submitted Mar 18, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Oil, gasoline open lower Monday, spike in Great Lakes? Back to Topics
REPLIES (newest first) Post a Reply
WanderDan
All-Star Author Dayton

Posts:670
Points:455,035
Joined:Nov 2012
Message Posted: Mar 27, 2013 8:17:55 PM

thieves
honda0105
Champion Author Tallahassee

Posts:24,351
Points:2,446,590
Joined:Nov 2008
Message Posted: Mar 22, 2013 5:54:59 AM

prices slowly dropping a little more (wouldn't happen to be Spring Break, Passover and Easter falling very close together, now would it?)
honda0105
Champion Author Tallahassee

Posts:24,351
Points:2,446,590
Joined:Nov 2008
Message Posted: Mar 21, 2013 12:02:22 AM

Gouge: I agree. When it went from 3.28 to 3.96 here in a few days, there was totally no reason, well, other than greed.
phpearso
Veteran Author Indiana

Posts:460
Points:801,250
Joined:Mar 2004
Message Posted: Mar 20, 2013 11:44:01 PM

Montana prices are a lot lower than Indiana.
phpearso
Veteran Author Indiana

Posts:460
Points:801,250
Joined:Mar 2004
Message Posted: Mar 20, 2013 11:42:32 PM

Gasoline here now higher than diesel, but I guess that is really the way it should be.
GougePoliceman
Rookie Author Indiana

Posts:4
Points:570,630
Joined:Oct 2008
Message Posted: Mar 19, 2013 3:04:36 PM

Gas in Lafayette Indiana went from 3.63 to 3.95 during the day on Monday. I don't care what they say the reason is, it pure gouging. If they had better management at the refineries, they would have planned ahead and built up some inventory to allow for maintenance down time. Go ahead oil companies and refineries, finish off our already fragile economy.
OldMan322
Champion Author Illinois

Posts:11,172
Points:2,403,045
Joined:Jul 2008
Message Posted: Mar 19, 2013 9:20:30 AM

Some gas prices are 20 cent around here today
oas
Champion Author Maryland

Posts:7,619
Points:2,952,790
Joined:Feb 2005
Message Posted: Mar 19, 2013 6:36:52 AM

old news.
N5EXY
Champion Author Austin

Posts:8,925
Points:2,322,755
Joined:Jul 2004
Message Posted: Mar 19, 2013 6:14:23 AM

S O S
chuckohio
Champion Author Columbus

Posts:4,425
Points:1,043,950
Joined:Aug 2012
Message Posted: Mar 19, 2013 6:09:25 AM

It spiked here
jimraehl
Champion Author Utah

Posts:10,423
Points:2,451,820
Joined:Sep 2008
Message Posted: Mar 19, 2013 6:07:44 AM

When the consumers realize the depression never ended, prices will drop due to lack of demand.
UseLessGasFolks
Champion Author Iowa

Posts:8,734
Points:2,101,825
Joined:Jul 2007
Message Posted: Mar 19, 2013 6:02:33 AM


Back up to 4 bucks in the Chicago area.
peapaw
Champion Author Ohio

Posts:7,445
Points:1,484,895
Joined:Jun 2011
Message Posted: Mar 19, 2013 6:01:06 AM

Up 31 cents in Ohio.
WEB0153
Champion Author Maryland

Posts:3,968
Points:982,860
Joined:Dec 2012
Message Posted: Mar 19, 2013 6:00:05 AM

ok
Ringmaster2008
Champion Author Ontario

Posts:10,721
Points:1,742,410
Joined:Apr 2008
Message Posted: Mar 19, 2013 5:59:06 AM

Prices steady here
forderjunk
Champion Author Maine

Posts:10,656
Points:2,188,895
Joined:Sep 2005
Message Posted: Mar 19, 2013 5:57:21 AM

Some prices lower here, most remained the same..
GLM4205
Champion Author Toledo

Posts:6,933
Points:1,488,285
Joined:Dec 2010
Message Posted: Mar 19, 2013 5:57:07 AM

Went up to 3.89 here from 3.54.
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Mar 19, 2013 5:56:09 AM

Okay.
cheapertvs
Champion Author Richmond

Posts:13,808
Points:3,557,445
Joined:Jan 2004
Message Posted: Mar 19, 2013 5:55:39 AM

Prices do not seem to be dropping here.
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,046,845
Joined:Aug 2012
Message Posted: Mar 19, 2013 5:55:15 AM

More bad news
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Mar 19, 2013 5:55:01 AM

I give up guessing
Beau2140
Champion Author New York

Posts:11,616
Points:2,457,635
Joined:Oct 2008
Message Posted: Mar 19, 2013 5:53:05 AM

Pump price stable.
lindact
Champion Author New Haven

Posts:11,969
Points:2,494,180
Joined:May 2008
Message Posted: Mar 19, 2013 5:52:57 AM

Pump prices seem to be independent of this.
LeeFree
Champion Author Pittsburgh

Posts:12,504
Points:3,049,950
Joined:Jun 2005
Message Posted: Mar 19, 2013 5:52:23 AM

Pump prices stable around $3.75/gal here.
BEngr
Champion Author Illinois

Posts:10,168
Points:2,387,065
Joined:May 2008
Message Posted: Mar 19, 2013 5:51:56 AM

someone forgot to tell the gas stations yesterday that they were to lower gas prices. Instead the gas stations raised prices by 27 cents per gallon. This just goes to show you they can do whatever they want with gas prices.
jeff95519
Champion Author California

Posts:5,785
Points:2,189,935
Joined:Sep 2008
Message Posted: Mar 19, 2013 5:51:23 AM

so then what
hybridaholic
Champion Author Appleton

Posts:11,825
Points:2,363,580
Joined:Dec 2008
Message Posted: Mar 19, 2013 5:51:14 AM

Thanks for the bad news.
dandvicb
Champion Author Bridgeport

Posts:3,447
Points:1,813,030
Joined:Jul 2004
Message Posted: Mar 19, 2013 5:50:14 AM

no worries, SPECULATORS WILL drive it right back up!
Redink
Champion Author Indianapolis

Posts:10,348
Points:2,071,495
Joined:Aug 2005
Message Posted: Mar 19, 2013 5:49:10 AM

Prices up in Indianapolis suburbs by up to .30.
rjd1608
Champion Author Toledo

Posts:8,714
Points:2,766,305
Joined:Aug 2003
Message Posted: Mar 19, 2013 5:48:27 AM

same as yesterday
FrankLee1
Champion Author Minnesota

Posts:1,001
Points:40,420
Joined:Feb 2013
Message Posted: Mar 19, 2013 5:48:26 AM

so what.
Zuman
Champion Author New York

Posts:9,466
Points:2,702,580
Joined:May 2005
Message Posted: Mar 19, 2013 5:47:15 AM

What can you do ??????????????
4064BORI
Champion Author Virginia Beach

Posts:1,508
Points:590,745
Joined:Feb 2010
Message Posted: Mar 19, 2013 5:42:19 AM

Here in VA up .05 overnight.
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Mar 19, 2013 5:39:40 AM

Up another .30 overnight.
judgemobile
Champion Author Ohio

Posts:10,970
Points:3,271,600
Joined:Nov 2005
Message Posted: Mar 19, 2013 5:39:21 AM

if correct, explain 20 cent jump at the pump in NW Ohio yesterday and today
twobroke61
Champion Author Michigan

Posts:11,662
Points:2,394,185
Joined:Sep 2008
Message Posted: Mar 19, 2013 5:37:30 AM

ours dropped 9 cents yesterday 3.80
SavingInNC
Champion Author North Carolina

Posts:7,429
Points:1,795,010
Joined:Oct 2006
Message Posted: Mar 19, 2013 5:36:07 AM

Ridiculous
aburns20
Champion Author Virginia Beach

Posts:6,521
Points:1,488,695
Joined:Dec 2010
Message Posted: Mar 19, 2013 5:35:58 AM

Prices are also going up here in Hampton Roads (Chesapeake to be specific).
vamike
Champion Author Virginia

Posts:8,353
Points:2,171,415
Joined:Dec 2008
Message Posted: Mar 19, 2013 5:35:53 AM

Yawn
Foxt
Champion Author Minnesota

Posts:8,598
Points:2,827,670
Joined:Jul 2006
Message Posted: Mar 19, 2013 5:34:49 AM

I 'speculate' prices again will rise after the sell off of futures.
djp071158
Champion Author Detroit

Posts:3,964
Points:1,119,730
Joined:May 2012
Message Posted: Mar 19, 2013 5:33:31 AM

Up in MI.
rxman1
Champion Author Toledo

Posts:13,183
Points:2,700,870
Joined:Nov 2007
Message Posted: Mar 19, 2013 5:32:44 AM

Prices are up here
hamdriver
Champion Author Lansing

Posts:6,615
Points:2,202,105
Joined:Feb 2008
Message Posted: Mar 19, 2013 5:32:12 AM

Yep
TheeRedRam
Champion Author Hartford

Posts:6,438
Points:1,505,695
Joined:Jun 2011
Message Posted: Mar 19, 2013 5:28:53 AM

Not seeing it here
sparkie951
Champion Author Roanoke

Posts:7,542
Points:1,679,340
Joined:Dec 2010
Message Posted: Mar 19, 2013 5:27:11 AM

Needs to be a lot lower.
Maintroll
Champion Author Lexington

Posts:12,018
Points:2,518,385
Joined:Aug 2008
Message Posted: Mar 19, 2013 5:25:28 AM

They couldn't open much lower as the pump prices are still up. Your idea of lowering and my idea of lowering are two completely different things altogether.
drawee
Champion Author Texas

Posts:5,654
Points:1,246,875
Joined:Feb 2012
Message Posted: Mar 19, 2013 5:21:56 AM

Old News
DrCashFlow
Champion Author Massachusetts

Posts:10,310
Points:2,419,125
Joined:Jun 2008
Message Posted: Mar 19, 2013 5:18:39 AM

Short term noise
AvantiMick
Champion Author Indiana

Posts:16,032
Points:3,338,640
Joined:Dec 2005
Message Posted: Mar 19, 2013 5:16:49 AM

We want a different refinery. This one keeps on screwing us!!
VB_Richard
Champion Author Virginia Beach

Posts:5,041
Points:1,193,020
Joined:Dec 2011
Message Posted: Mar 19, 2013 5:16:02 AM

Sounds good for Great Lakes, maybe everyone will share before the end of the week.
Tru2psu2
Champion Author Winston-Salem

Posts:18,508
Points:2,318,705
Joined:Feb 2004
Message Posted: Mar 19, 2013 5:14:47 AM

Too high!
Post a reply Back to Topics