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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...


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Submitted Mar 18, 2013 By: PD
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REPLIES (newest first) Post a Reply
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WanderDan
All-Star Author Dayton

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Message Posted: Mar 27, 2013 8:17:55 PM

thieves
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honda0105
Champion Author Tallahassee

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Points:2,056,840
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?)
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honda0105
Champion Author Tallahassee

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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.
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phpearso
Veteran Author Indiana

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Message Posted: Mar 20, 2013 11:44:01 PM

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

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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.
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GougePoliceman
Rookie Author Indiana

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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.
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OldMan322
Champion Author Illinois

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Message Posted: Mar 19, 2013 9:20:30 AM

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

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Message Posted: Mar 19, 2013 6:36:52 AM

old news.
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N5EXY
Champion Author Austin

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Message Posted: Mar 19, 2013 6:14:23 AM

S O S
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chuckohio
Champion Author Columbus

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Message Posted: Mar 19, 2013 6:09:25 AM

It spiked here
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jimraehl
Champion Author Utah

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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.
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Mar 19, 2013 6:02:33 AM


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

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Message Posted: Mar 19, 2013 6:01:06 AM

Up 31 cents in Ohio.
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WEB0153
Champion Author Maryland

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Message Posted: Mar 19, 2013 6:00:05 AM

ok
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Ringmaster2008
Champion Author Ontario

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Message Posted: Mar 19, 2013 5:59:06 AM

Prices steady here
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forderjunk
Champion Author Maine

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Message Posted: Mar 19, 2013 5:57:21 AM

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

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Message Posted: Mar 19, 2013 5:57:07 AM

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

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Message Posted: Mar 19, 2013 5:56:09 AM

Okay.
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cheapertvs
Champion Author Richmond

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Message Posted: Mar 19, 2013 5:55:39 AM

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

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Message Posted: Mar 19, 2013 5:55:15 AM

More bad news
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Dailyrun
Champion Author Kentucky

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Message Posted: Mar 19, 2013 5:55:01 AM

I give up guessing
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Beau2140
Champion Author New York

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Message Posted: Mar 19, 2013 5:53:05 AM

Pump price stable.
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lindact
Champion Author New Haven

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Message Posted: Mar 19, 2013 5:52:57 AM

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

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Message Posted: Mar 19, 2013 5:52:23 AM

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

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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.
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jeff95519
Champion Author California

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Message Posted: Mar 19, 2013 5:51:23 AM

so then what
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hybridaholic
Champion Author Appleton

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Message Posted: Mar 19, 2013 5:51:14 AM

Thanks for the bad news.
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dandvicb
Champion Author Bridgeport

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Message Posted: Mar 19, 2013 5:50:14 AM

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

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Message Posted: Mar 19, 2013 5:49:10 AM

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

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Message Posted: Mar 19, 2013 5:48:27 AM

same as yesterday
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FrankLee1
All-Star Author Minnesota

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Message Posted: Mar 19, 2013 5:48:26 AM

so what.
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Zuman
Champion Author New York

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Message Posted: Mar 19, 2013 5:47:15 AM

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

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Message Posted: Mar 19, 2013 5:42:19 AM

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

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Message Posted: Mar 19, 2013 5:39:40 AM

Up another .30 overnight.
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judgemobile
Champion Author Ohio

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Message Posted: Mar 19, 2013 5:39:21 AM

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

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Message Posted: Mar 19, 2013 5:37:30 AM

ours dropped 9 cents yesterday 3.80
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SavingInNC
Champion Author North Carolina

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Message Posted: Mar 19, 2013 5:36:07 AM

Ridiculous
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aburns20
Champion Author Virginia Beach

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Message Posted: Mar 19, 2013 5:35:58 AM

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

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Message Posted: Mar 19, 2013 5:35:53 AM

Yawn
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Foxt
Champion Author Minnesota

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Message Posted: Mar 19, 2013 5:34:49 AM

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

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Message Posted: Mar 19, 2013 5:33:31 AM

Up in MI.
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rxman1
Champion Author Toledo

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Message Posted: Mar 19, 2013 5:32:44 AM

Prices are up here
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hamdriver
Champion Author Lansing

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Message Posted: Mar 19, 2013 5:32:12 AM

Yep
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TheeRedRam
Champion Author Hartford

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Message Posted: Mar 19, 2013 5:28:53 AM

Not seeing it here
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sparkie951
Champion Author Roanoke

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Message Posted: Mar 19, 2013 5:27:11 AM

Needs to be a lot lower.
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Maintroll
Champion Author Lexington

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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.
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drawee
Champion Author Texas

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Message Posted: Mar 19, 2013 5:21:56 AM

Old News
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Mar 19, 2013 5:18:39 AM

Short term noise
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AvantiMick
Champion Author Indiana

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Message Posted: Mar 19, 2013 5:16:49 AM

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

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Message Posted: Mar 19, 2013 5:16:02 AM

Sounds good for Great Lakes, maybe everyone will share before the end of the week.
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