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One less thing to worry about: Gasoline prices

MarketWatch -- The U.S. economy still faces lots of big challenges — a mountain of foreclosures, a fiscal cliff and the ever-present euro crisis — but one worry seems to be fading away: high gasoline prices.

A month ago, it looked like retail gasoline prices would soar above $4 a gallon and stay there all year, sucking precious dollars out of American consumers’ pockets, and hobbling the economic recovery. By early April, the average price of a gallon had risen to $3.94, jumping an incredible 50 cents in just two months’ time, according to the Energy Information Agency.

The media was full of stories about the pain at the pump and about what the price of gas might mean for the economy, and for the re-election chances of President Barack Obama. Democrats were on the defensive and Republicans could ...

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Submitted May 11, 2012 By: brbaritone

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mabrams184 Champion Author Lexington Posts:2,176 Points:557,955 Joined:Aug 2011	Message Posted: May 11, 2012 8:45:15 PM Ignore mabrams184 Report Abuse It's not like prices are low at the moment.
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: May 11, 2012 8:45:04 PM Ignore gmcgas Report Abuse really? its been killing me for several years now.
seabrz7 Champion Author California Posts:1,400 Points:224,810 Joined:Feb 2012	Message Posted: May 11, 2012 8:43:32 PM Ignore seabrz7 Report Abuse The article didn't check the west coast in the last two days. We are way over the 4 mark and may head even higher. The last two days prices in my town have been jumping by 8 to 20 cents. Just look at the heat map.
rver524 Veteran Author Colorado Posts:298 Points:14,320 Joined:Apr 2012	Message Posted: May 11, 2012 8:42:43 PM Ignore rver524 Report Abuse This little decrease in gasoline prices isn't going to fix the economy.
g747 Champion Author Mobile Posts:4,682 Points:961,370 Joined:Jul 2009	Message Posted: May 11, 2012 8:39:39 PM Ignore g747 Report Abuse Big oil & politics in motion as usual.
firasatali Champion Author Toronto Posts:3,230 Points:589,300 Joined:May 2011	Message Posted: May 11, 2012 8:36:06 PM Ignore firasatali Report Abuse this is business + politics
bvrbill Champion Author Eugene Posts:3,440 Points:546,000 Joined:Jul 2011	Message Posted: May 11, 2012 8:35:37 PM Ignore bvrbill Report Abuse Prices increase dramatically quicker than they fall. I wouldn't count on fuel prices flattening.
ericbcire Champion Author Nevada Posts:4,660 Points:1,295,035 Joined:Aug 2009	Message Posted: May 11, 2012 8:33:36 PM Ignore ericbcire Report Abuse Prices need to drop further or the economy will worsen.
bcok Champion Author Los Angeles Posts:2,181 Points:1,555,520 Joined:Oct 2005	Message Posted: May 11, 2012 8:31:22 PM Ignore bcok Report Abuse It might be more expensive across the seas but get bashed here in Califoris-ouch big time.
CamryCheapster Sophomore Author Massachusetts Posts:185 Points:2,213,945 Joined:Nov 2005	Message Posted: May 11, 2012 8:28:57 PM Ignore CamryCheapster Report Abuse Any price over $3.00 is a cause for "worry".
jad1960 Champion Author Gary Posts:1,575 Points:423,030 Joined:Feb 2012	Message Posted: May 11, 2012 8:28:14 PM Ignore jad1960 Report Abuse Somehow they will get gas prices wherever they want.
cupboy Champion Author Salt Lake City Posts:2,883 Points:1,147,845 Joined:Nov 2005	Message Posted: May 11, 2012 8:26:53 PM Ignore cupboy Report Abuse Prices still going up in Utah. Probably because of Memorial Day coming in a few weeks, so they'll want to get it up to as close to $4 as they can. Some stations are at $3.75 now for regular. A couple of them near here are $3.86, but that's normal for them.. and people still buy gas there.
CISA Champion Author Orange County Posts:6,046 Points:1,419,640 Joined:Dec 2006	Message Posted: May 11, 2012 8:21:55 PM Ignore CISA Report Abuse driving less will assist in offsetting emerging markets' increasing demands oh, and approving Keystone and drilling, drilling, drilling will handle supply.
tucker355 Champion Author Manitoba Posts:1,802 Points:450,120 Joined:Feb 2009	Message Posted: May 11, 2012 8:21:46 PM Ignore tucker355 Report Abuse B.....S
alterman156 Champion Author New York Posts:7,625 Points:1,584,250 Joined:Dec 2008	Message Posted: May 11, 2012 8:20:27 PM Ignore alterman156 Report Abuse At least we don't have to worry about gasoline reaching $5 per gallon anytime soon.
toytech3 All-Star Author Chicago Posts:917 Points:612,770 Joined:Mar 2011	Message Posted: May 11, 2012 8:19:12 PM Ignore toytech3 Report Abuse You always have to worry about gas prices
hcivic Champion Author Virginia Posts:3,989 Points:2,292,440 Joined:Aug 2005	Message Posted: May 11, 2012 8:18:18 PM Ignore hcivic Report Abuse has been dropping lately
bobzilla11 Champion Author Indiana Posts:1,313 Points:521,350 Joined:May 2011	Message Posted: May 11, 2012 8:17:22 PM Ignore bobzilla11 Report Abuse predict $2.99 soon
DriverofRed Champion Author Calgary Posts:2,308 Points:436,660 Joined:Dec 2011	Message Posted: May 11, 2012 8:14:51 PM Ignore DriverofRed Report Abuse ok
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,886,455 Joined:Jun 2006	Message Posted: May 11, 2012 8:14:41 PM Ignore PizzaMon Report Abuse What a difference a few weeks makes. Or does it?
Rajah Champion Author Illinois Posts:7,642 Points:2,329,230 Joined:Jul 2005	Message Posted: May 11, 2012 8:14:25 PM Ignore Rajah Report Abuse In spite of bigger supplies, lowering oil prices and reduced demand, our local gas prices at the pump jumped 25 cents yesterday.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: May 11, 2012 8:07:24 PM Ignore camel1 Report Abuse all things change. investors want a strong economy. they will not do things to jeopardize their holdings
toadNY Champion Author Albany Posts:7,188 Points:1,540,850 Joined:Apr 2008	Message Posted: May 11, 2012 8:03:35 PM Ignore toadNY Report Abuse No 30mpg80 he does not! But what he does or does Not do will!
car54BC Champion Author British Columbia Posts:3,327 Points:1,280,030 Joined:May 2008	Message Posted: May 11, 2012 8:01:00 PM Ignore car54BC Report Abuse It will be there at some point.
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: May 11, 2012 7:59:53 PM Ignore 30mpg80 Report Abuse I hope voters are not crazy enough to think the President sets gas prices.
methaneman Champion Author Minnesota Posts:2,648 Points:1,296,810 Joined:May 2002	Message Posted: May 11, 2012 7:56:37 PM Ignore methaneman Report Abuse This is the opposite of the rule........what goes up must come down. When fuel comes down.....IT WILL GO UP, EVEN MORE! [Edited by: methaneman at 5/11/2012 8:57:00 PM EST]
adgam Champion Author Orange County Posts:2,269 Points:510,295 Joined:Nov 2011	Message Posted: May 11, 2012 7:53:13 PM Ignore adgam Report Abuse kk
w9med Champion Author Gary Posts:1,128 Points:329,945 Joined:Aug 2011	Message Posted: May 11, 2012 7:52:40 PM Ignore w9med Report Abuse And will shoot even higher after election.n no Obama!
BooHooMI Champion Author Michigan Posts:1,556 Points:344,610 Joined:Sep 2010	Message Posted: May 11, 2012 7:51:03 PM Ignore BooHooMI Report Abuse !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
KWM2011 Champion Author Ontario Posts:1,451 Points:351,950 Joined:May 2011	Message Posted: May 11, 2012 7:45:34 PM Ignore KWM2011 Report Abuse See what happens.
johnnyg1200 Champion Author St. Louis Posts:4,434 Points:672,425 Joined:May 2011	Message Posted: May 11, 2012 7:45:08 PM Ignore johnnyg1200 Report Abuse Give it time, the price will go back up.
BKool Champion Author Michigan Posts:5,358 Points:1,920,105 Joined:Aug 2005	Message Posted: May 11, 2012 7:44:46 PM Ignore BKool Report Abuse BS!
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: May 11, 2012 7:44:37 PM Ignore Tucker1961 Report Abuse that'll fix everything
southrob Champion Author Tucson Posts:3,736 Points:714,900 Joined:Mar 2011	Message Posted: May 11, 2012 7:42:23 PM Ignore southrob Report Abuse dhan to help the economy
TTM77 Champion Author Maryland Posts:2,160 Points:1,222,375 Joined:Apr 2005	Message Posted: May 11, 2012 7:37:48 PM Ignore TTM77 Report Abuse Why gas price take so long to go down when oil price took a dive? When it's up it's up very fast, within hrs.
nimpy Champion Author Indianapolis Posts:8,270 Points:1,727,830 Joined:Oct 2007	Message Posted: May 11, 2012 7:33:14 PM Ignore nimpy Report Abuse Prices will still go up, eventually
warlord1 Champion Author Georgia Posts:5,375 Points:1,061,250 Joined:May 2010	Message Posted: May 11, 2012 7:32:20 PM Ignore warlord1 Report Abuse ok
js0743 All-Star Author Georgia Posts:981 Points:477,080 Joined:Nov 2011	Message Posted: May 11, 2012 7:31:02 PM Ignore js0743 Report Abuse Hope prices keep falling.
jwduke1 Champion Author Iowa Posts:15,604 Points:3,068,265 Joined:Apr 2004	Message Posted: May 11, 2012 7:30:22 PM Ignore jwduke1 Report Abuse They will be back up soon!
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: May 11, 2012 7:30:02 PM Ignore mfeldstein Report Abuse Anyone who tells you he/she/it can predict the future price of anything is selling you snake oil.
hagar2935 Veteran Author Nevada Posts:315 Points:85,155 Joined:Dec 2011	Message Posted: May 11, 2012 7:29:37 PM Ignore hagar2935 Report Abuse This is TOTAL BS Prices rose 4 cents a gallon at one station in Fernley today in just 3 hours!!!!! Ga prices are going to rise dramatically and I predict will reach close to $7 per gallon before the summer is over. Don't forget that Obama's EPA has been releasing new regulations which are driving the closing of more refineries. And recent news stories are indicating that the Western USA will suffer significant price increases this summer. WAKE UP AND GROW A BRAIN!!! NOBAMA 2012!!!!!!!!!!!!!!!!
koikaze Veteran Author Sacramento Posts:397 Points:110,400 Joined:Aug 2011	Message Posted: May 11, 2012 7:26:29 PM Ignore koikaze Report Abuse what a bunch of bs, come to CA and see for yourself
Hawkman Champion Author Oregon Posts:16,355 Points:2,949,485 Joined:Apr 2005	Message Posted: May 11, 2012 7:25:05 PM Ignore Hawkman Report Abuse What a crock. Prices still going up here. Up $.10/gal in just the last five days. Locally at $4.09/gal.
Liberty2000 Champion Author Indianapolis Posts:1,756 Points:282,435 Joined:Jun 2007	Message Posted: May 11, 2012 7:24:28 PM Ignore Liberty2000 Report Abuse Too soon to tell.
Grandkid1 Champion Author Cincinnati Posts:1,383 Points:243,505 Joined:Mar 2012	Message Posted: May 11, 2012 7:24:19 PM Ignore Grandkid1 Report Abuse in parts of ohio its 3.49 - has been declining in the last 2-3 weeks
mtaboy Sophomore Author New Jersey Posts:195 Points:55,645 Joined:Dec 2004	Message Posted: May 11, 2012 7:23:52 PM Ignore mtaboy Report Abuse IF ONLY ALL THE GREEDY SPECULATORS WOULD JUST SIMPLY DIE....GAS WOULD DROP TO $1.99 A GALLON OR LESS... AND WE WOULD NEVER HAVE TO WORRY ABOUT IT RISING AGAIN !!!!
Sam195 Champion Author San Bernardino Posts:8,230 Points:1,602,775 Joined:Oct 2008	Message Posted: May 11, 2012 7:21:25 PM Ignore Sam195 Report Abuse Still above $4 in Taxifornia.
DandyDapple All-Star Author North Dakota Posts:715 Points:330,770 Joined:Sep 2008	Message Posted: May 11, 2012 7:20:15 PM Ignore DandyDapple Report Abuse They won't be a 'worry' once they're back under a $1 a gallon ... which I'm sure will never happen again ...
lebrc64 Rookie Author New York Posts:45 Points:14,745 Joined:May 2012	Message Posted: May 11, 2012 7:19:55 PM Ignore lebrc64 Report Abuse I guess accepting the things we cannot control, understand, or change makes me feel powerless to prices I have to deal with every day. Time to use a bicycle more often. Kinda togh when I have twenty mile commute to work. No matter what the price. High, low, or in between I gotta accept it and deal with it.
carlsonguitars Champion Author Portland Posts:4,876 Points:825,980 Joined:Jan 2008	Message Posted: May 11, 2012 7:16:15 PM Ignore carlsonguitars Report Abuse Prices are so absurdly high.... 3 or 4 years ago gas was $1.89 a gallon, and it was over priced then!!!!!!!!!
AKmailman Champion Author Alaska Posts:5,763 Points:1,584,815 Joined:Jul 2004	Message Posted: May 11, 2012 7:13:42 PM Ignore AKmailman Report Abuse it's called BS plain and simple - our prices went UP 14 cents overnight !!
rickone All-Star Author Detroit Posts:660 Points:418,025 Joined:May 2004	Message Posted: May 11, 2012 7:11:36 PM Ignore rickone Report Abuse Interesting - Thanks for posting.