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National average resumes descent- how long?

GasBuddy Blog -- It's the million dollar question as we head towards Christmas and the New Year- how long will the national average continue to drop? Well, to be blunt, we don't know exactly. We can venture a guess, certainly, but to ascertain the exact price of gasoline or how long the drop will last is difficult.

I wasn't a believer that the national average would continue a strong downward drop going into Christmas, and I've backed off on that prediction slightly, saying a national average of $3.25-$3.35/gal is possible by Christmas. And while the average has now fallen under $3.40/gal, its possible that things fizzle out and hold where they are for the time being.

Gasoline prices can undergo an "identity crisis" if you will during this...


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Submitted Dec 03, 2012 By: PD
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 12, 2012 3:00:22 AM

gas going down further. Diesel stagnant again. Only dropped at one station... the rest is holding tightly onto their 3.89 marks.
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Donatelo
Champion Author Dayton

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Message Posted: Dec 11, 2012 7:46:53 AM

lower gas prices always good, we should use our natural gas reserves for all diesel engines also.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 11, 2012 2:57:28 AM

wow, I spoke too soon. Diesel dropped from 4.09 (highest around my route for a while) to 3.95 today. Maybe there's a drop in the future?
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CapriceWagon
Champion Author Washington

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Message Posted: Dec 10, 2012 5:11:38 PM

That's true, diesel hasn't come down much at all, there's a $.60 drop from diesel to regular.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 9, 2012 4:56:59 AM

Donatelo: the last word is yours :)
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 9, 2012 4:53:14 AM

Donatelo: the last word is yours :)
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Donatelo
Champion Author Dayton

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Message Posted: Dec 8, 2012 8:48:40 AM

ok
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 8, 2012 2:32:55 AM

gasoline may drop, but diesel seems to be on the up, up, up... that means, the economy will take a lot longer to recover.
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Houckster
Champion Author Atlanta

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Message Posted: Dec 7, 2012 8:25:33 AM

SKIDSTEER85XT writes: I BELIEVE THAT IN THE LONG RUN GAS PRICES WILL DROP DUE
TO INCREASE PRODUCTION IN PLACES THAT HAVE NEVER PRODUCED GAS BEFORE.
_____
Writing a post in caps is akin to shouting. Gives the Cap Lock key a rest.
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skidsteer85xt
Champion Author Indiana

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Message Posted: Dec 7, 2012 6:29:12 AM

I BELIEVE THAT IN THE LONG RUN GAS PRICES WILL DROP DUE TO INCREASE PRODUCTION IN PLACES THAT HAVE NEVER PRODUCED GAS BEFORE.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 7, 2012 2:40:51 AM

diesel has gone up at some stations.
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clpassenubye
Champion Author Los Angeles

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Message Posted: Dec 6, 2012 4:17:52 PM

this is a very slow descent I hope 2013 brings a much faster descent.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 6, 2012 3:01:23 AM

hasn't dropped that long or that much. Some stations are already going up again.
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mfgendron
Champion Author New York

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Message Posted: Dec 5, 2012 10:36:17 AM

Not low enough for me.
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DanMtz
Champion Author Oakland

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Message Posted: Dec 4, 2012 4:57:31 PM

Until there are more "unfortunate incidents" at a few refineries?
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gasokie
Champion Author Oklahoma

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Message Posted: Dec 4, 2012 10:58:50 AM

To about $2.50? gal.?
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datsundriver
Champion Author Houston

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Message Posted: Dec 4, 2012 10:20:43 AM

Who is fooling who?
prices in my area went up 20 cents
my favorite station went from 2.919 to 3.099 in the span of a tank of gas.
even the walmart/murry station raised its prices twice in the past week.
somebody is playing games.
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garywa01
Sophomore Author Alberta

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Message Posted: Dec 4, 2012 9:30:26 AM

$1.05 liter here in Red Deer
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NanookAK
Champion Author Anchorage

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Message Posted: Dec 4, 2012 8:52:42 AM

Is it decent?
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JacksonLittle
Champion Author Wyoming

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Message Posted: Dec 4, 2012 2:04:31 AM

National averages may be falling slightly, but local averages are remaining stable in many locations.
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mrjames1818
Champion Author New Jersey

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Message Posted: Dec 4, 2012 2:04:18 AM

Oil at $90 a barrel should have gas prices below $3 a gallon - I like the prediction - prices will go down or may stay the same. With predictions like that I could make a fortune as a fortune teller.
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hybridaholic
Champion Author Appleton

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Message Posted: Dec 4, 2012 2:00:43 AM

Greed still rules.
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wkb03
Champion Author Georgia

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Message Posted: Dec 4, 2012 1:59:13 AM

Still waiting for it to happen here.....
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Bonanza
Champion Author Boston

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Message Posted: Dec 4, 2012 1:58:23 AM

Yesterday's news
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DJRIO
Champion Author Miami

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Message Posted: Dec 4, 2012 1:58:06 AM

we are using less oil every day. because people are buying better mpg cars.
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cheapertvs
Champion Author Richmond

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Message Posted: Dec 4, 2012 1:57:43 AM

The price at the pump is not moving down here.
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TravelinMan52
Champion Author Augusta

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Message Posted: Dec 4, 2012 1:56:51 AM

Most places are steady here. A descent would be a welcome sign...
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OriginalBudman
Champion Author Barrie

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Message Posted: Dec 4, 2012 1:52:28 AM

There's no descent here.
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74celica
Champion Author Columbus

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Message Posted: Dec 4, 2012 1:52:09 AM

waiting for the next excuse to raise prices
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Quick68
Champion Author Columbus

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Message Posted: Dec 4, 2012 1:50:50 AM

Until the lawmakers run out of fun money.
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Royski
Champion Author Los Angeles

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Message Posted: Dec 4, 2012 1:50:25 AM

Good news, but
old story.
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SOLONGCOLD
Champion Author Phoenix

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Message Posted: Dec 4, 2012 1:48:49 AM

uh huh ...
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gabbygusIN
Champion Author Indiana

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Message Posted: Dec 4, 2012 1:44:33 AM

Prices here holding steady at $3.399
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humblepie
Champion Author Toledo

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Message Posted: Dec 4, 2012 1:42:22 AM

lulling some to sleep
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silverfox63
Champion Author Michigan

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Message Posted: Dec 4, 2012 1:38:49 AM

With crude approaching $90 a barrel, look for it to go back up, especially with Christmas and New Year"s coming in 3 weeks.
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Glock26
Champion Author Dayton

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Message Posted: Dec 4, 2012 1:38:45 AM

Till obama starts screwing with it!!!
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BigDogOH
Champion Author Cincinnati

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Message Posted: Dec 4, 2012 1:36:39 AM

First of year,obummers 4 new taxes
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NotTom
Champion Author New Hampshire

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Message Posted: Dec 4, 2012 1:35:29 AM

but not Diesel and home heating oil...
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jci25946
Champion Author Tampa

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Message Posted: Dec 4, 2012 1:27:14 AM

Keep dropping, very long drive for Christmas visit with relatives.
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kbierley
Champion Author Dayton

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Message Posted: Dec 4, 2012 1:27:04 AM

Remember, The Gov makes more money on a gallon of gas than the company that found the oil, drilled for it, pumped it out, moved it to refinery, converted it in to Gasoline, delivered it to you local Gas Station and allow you to fill up your car.
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SBlouch
Champion Author San Antonio

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Message Posted: Dec 4, 2012 1:24:35 AM

Prices stayed the sane all weekend and today.
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Rick52
Champion Author Milwaukee

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Message Posted: Dec 4, 2012 1:23:44 AM

Better keep going down if they want they economy to get moving..
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prkuehn
Champion Author Arkansas

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Message Posted: Dec 4, 2012 1:22:05 AM

Mighty stupid article.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Dec 4, 2012 1:17:58 AM

This will last until GREED steps in.....
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 4, 2012 1:17:34 AM

IN THIS CASE WHAT GOES DOWN WILL COME BACK UP. The people can only do so much & no matter how little fuel we use the Speculators & suppliers WILL just keep charging more per unit so they end up making the same amount of money. It won't matter what the fuel is the population must have & use Energy to survive. As long as the Gov. Allows. uncontrolled Speculation on commodities, doesn't restrict export or apply a high enough export tax, and allows oligopolies to control prices, they WILL seize control of any energy source & continue to hold the people hostage. Part of the Gov. Job is to protect the people from what they can't individually protect themselves, such as all of these things I outlined, & they are not doing that.
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rwe930
Veteran Author Alabama

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Message Posted: Dec 4, 2012 1:16:51 AM

down baby down
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Beau2140
Champion Author New York

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Message Posted: Dec 4, 2012 1:15:44 AM

Not long enough.
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mcmonsta
Champion Author Honolulu

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Message Posted: Dec 4, 2012 1:13:29 AM

Xmas wish...hope it comes thru
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R209
Champion Author California

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Message Posted: Dec 4, 2012 1:12:47 AM

Blah, blah, blah...
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Hi1
Champion Author Ontario

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Joined:Jun 2007
Message Posted: Dec 4, 2012 1:12:32 AM

Old news.
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