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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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elk5654 Rookie Author Tampa Posts:66 Points:31,290 Joined:Apr 2012	Message Posted: Jun 6, 2012 3:46:22 PM Ignore elk5654 Report Abuse still going down I estimate that they will bottom out in the next two weeks hope i am wrong and they keep dropping big time
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,052,470 Joined:Oct 2008	Message Posted: Jun 5, 2012 2:51:48 PM Ignore RapMassaG Report Abuse Funny, Greedway states are spiking (again) today. Why? Because they can.
elk5654 Rookie Author Tampa Posts:66 Points:31,290 Joined:Apr 2012	Message Posted: Jun 5, 2012 2:42:55 PM Ignore elk5654 Report Abuse Prices keep dropping
elk5654 Rookie Author Tampa Posts:66 Points:31,290 Joined:Apr 2012	Message Posted: May 25, 2012 7:54:47 PM Ignore elk5654 Report Abuse 3.39 avg in Tampa on this date
chillyman3 Champion Author Illinois Posts:1,355 Points:424,390 Joined:Jan 2012	Message Posted: May 13, 2012 10:45:12 PM Ignore chillyman3 Report Abuse Gas should not cost more half minimum wage
fuel2use Champion Author Seattle Posts:3,488 Points:733,325 Joined:Dec 2010	Message Posted: May 12, 2012 10:14:42 AM Ignore fuel2use Report Abuse Yesterday a local station price went up 18 cents. Nothing to worry about, not here.
DanMtz Champion Author Oakland Posts:3,354 Points:1,243,305 Joined:Oct 2009	Message Posted: May 12, 2012 9:47:11 AM Ignore DanMtz Report Abuse Gas prices are going through the roof around here.
ClarkSC Champion Author South Carolina Posts:3,078 Points:1,011,405 Joined:May 2010	Message Posted: May 12, 2012 6:42:10 AM Ignore ClarkSC Report Abuse There not down to a manageable level. Continue to worry.
Aviator_Rob Champion Author New York Posts:3,800 Points:413,640 Joined:Mar 2012	Message Posted: May 11, 2012 11:42:44 PM Ignore Aviator_Rob Report Abuse As much as I love a good conspiracy story, Dodge_Me, I'm afraid there isn't one here. The common denominator between four years ago and today is that economies were in decline. Four years ago, it was the global economy; today it's just the European economy. That's why you won't see gas prices fall as fast as it did back in Fall 2008.
Aviator_Rob Champion Author New York Posts:3,800 Points:413,640 Joined:Mar 2012	Message Posted: May 11, 2012 11:37:01 PM Ignore Aviator_Rob Report Abuse Just to clarify for aggietim and coke_kid, the reason why gas prices were so low in the beginning of 2009 was because the global economy had fallen off of a cliff. The entire world was producing less, buying less, driving less, and spending less. No matter how much people try to game the system, the oil market is still essentially driven by supply and demand. In the past three years, the world has begun to pick itself up off the floor and that's the real reason why gas prices have crept back up. The reason why we're seeing this price drop since mid-April is that Europe has begun to slide back into recession. France has a new President that doesn't want austerity measures and Greece has a new dysfunctional government that really doesn't want austerity measures. Europe is holding it's collective breath and that is causing this pause in rising gas prices for us.
HopeWV Rookie Author Charleston Posts:1 Points:220 Joined:May 2012	Message Posted: May 11, 2012 11:24:56 PM Ignore HopeWV Report Abuse It is vacation time, the prices will increase, they know people will pay it. The prices normally incease before holidays, because they know people want to be with their families, and they will pay it.
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: May 11, 2012 11:22:24 PM Ignore Ahking Report Abuse really?
aggietim Champion Author Fort Worth Posts:1,756 Points:693,325 Joined:Oct 2008	Message Posted: May 11, 2012 11:20:59 PM Ignore aggietim Report Abuse ok esquared, I paid 2.05 on 5/13/2009, so coke kid may not be off by much.
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: May 11, 2012 11:20:50 PM Ignore DrLyon Report Abuse Time Will tell...
kgbellman Champion Author Ann Arbor Posts:2,713 Points:731,840 Joined:Mar 2011	Message Posted: May 11, 2012 11:20:16 PM Ignore kgbellman Report Abuse hope the downward trend continues
WalRus49 Champion Author Boston Posts:4,075 Points:868,865 Joined:Nov 2010	Message Posted: May 11, 2012 11:16:34 PM Ignore WalRus49 Report Abuse Bunk! More organized mayhem and pillage.............
esquared Champion Author Oklahoma City Posts:8,067 Points:1,970,110 Joined:Jan 2006	Message Posted: May 11, 2012 11:15:53 PM Ignore esquared Report Abuse Check your facts, coke_kid: here's what GasBuddy says: http://www.OklahomaCityGasPrices.com/retail_price_chart.aspx?city1=Chicago&city2=&city3=&crude=n&tme=48&units=us
coke_kid Champion Author Chicago Posts:1,536 Points:324,370 Joined:Nov 2005	Message Posted: May 11, 2012 11:08:52 PM Ignore coke_kid Report Abuse 3 yrs ago gas was $1.67 a gal here... Thanks to Obamas OIL POLICYS WERE SCREWED!
wiwhite87 Champion Author Milwaukee Posts:2,550 Points:666,090 Joined:May 2009	Message Posted: May 11, 2012 11:05:44 PM Ignore wiwhite87 Report Abuse No significant drops here... just a couple pennies here and there for a month. Regardless, keep your money by using less.
PetroScopper Champion Author Houston Posts:6,622 Points:1,549,975 Joined:Aug 2008	Message Posted: May 11, 2012 11:05:31 PM Ignore PetroScopper Report Abuse California and other states in the west are in major trouble right now. However, I guess the rest of the country can start to take a breath of relief, for the time being- who to say what tomorrow may bring.
NanaNJNJ Veteran Author New Jersey Posts:280 Points:56,025 Joined:May 2012	Message Posted: May 11, 2012 11:05:24 PM Ignore NanaNJNJ Report Abuse A little relief is still relief, I suppose.
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: May 11, 2012 11:04:46 PM Ignore Toppers Report Abuse We're supposed to be excited about mid $3-ugghhh!
us4usa Champion Author Missouri Posts:5,987 Points:1,113,060 Joined:May 2008	Message Posted: May 11, 2012 11:03:50 PM Ignore us4usa Report Abuse Every station in town is $3.37...
livedream Champion Author Michigan Posts:3,685 Points:755,060 Joined:Mar 2011	Message Posted: May 11, 2012 11:03:12 PM Ignore livedream Report Abuse We are seeing a little relief here in Michigan.... Our lowest price today in my city was $3.66 -- down .33 cents from last week.
egd Champion Author Twin Cities Posts:8,095 Points:2,119,275 Joined:Mar 2005	Message Posted: May 11, 2012 11:01:02 PM Ignore egd Report Abuse ohhh
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: May 11, 2012 10:55:23 PM Ignore mstearno Report Abuse don't worry be happy NOBAMA's NEW theme song
WIPACKERFAN Champion Author Chicago Posts:8,804 Points:1,843,450 Joined:Aug 2005	Message Posted: May 11, 2012 10:54:40 PM Ignore WIPACKERFAN Report Abuse I always worry about gas prices.
oldiesman Champion Author New York Posts:6,432 Points:2,194,935 Joined:May 2006	Message Posted: May 11, 2012 10:54:08 PM Ignore oldiesman Report Abuse Price here down to $4.04 per gallon, election is coming?
kgbellman Champion Author Ann Arbor Posts:2,713 Points:731,840 Joined:Mar 2011	Message Posted: May 11, 2012 10:54:07 PM Ignore kgbellman Report Abuse hope the downward trend continues
Panama Red Champion Author San Diego Posts:11,072 Points:2,498,290 Joined:Jun 2004	Message Posted: May 11, 2012 10:53:28 PM Ignore Panama Red Report Abuse Whoever wrote this article must not have been to San Diego lately; gasoline prices are skyrocketing there now.
tco9436 Champion Author Connecticut Posts:1,772 Points:722,175 Joined:Mar 2010	Message Posted: May 11, 2012 10:52:45 PM Ignore tco9436 Report Abuse Sure
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: May 11, 2012 10:49:52 PM Ignore DrLyon Report Abuse Down prices, thanks...
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,230 Joined:Mar 2006	Message Posted: May 11, 2012 10:47:17 PM Ignore Dodge_Me Report Abuse Isn't it funny how gas prices are dropping the closer we get to the election just like last election. Hmm
coke_kid Champion Author Chicago Posts:1,536 Points:324,370 Joined:Nov 2005	Message Posted: May 11, 2012 10:46:13 PM Ignore coke_kid Report Abuse Down town Chicago is still $4.59 a gal and here in the burbs its $4.12 a gal 3 yrs ago gas was $1.67 a gal here... Thanks to Obamas OIL POLICYS WERE SCREWED!
suzmar Champion Author Texas Posts:2,212 Points:872,740 Joined:Jun 2006	Message Posted: May 11, 2012 10:45:33 PM Ignore suzmar Report Abuse It may be down a little, but it is way up from January 2009.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: May 11, 2012 10:45:01 PM Ignore fuelsaverMN Report Abuse Gas prices are still too high for us poor people.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,230 Joined:Mar 2006	Message Posted: May 11, 2012 10:44:45 PM Ignore Dodge_Me Report Abuse I would stop worring when gas is below $2.00 a gal.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: May 11, 2012 10:44:22 PM Ignore fuelsaverMN Report Abuse "NOBAMA MUST BE DEFEATED OR WE WON'T HAVE A COUNTRY.
petrpuck All-Star Author Hamilton Posts:559 Points:418,560 Joined:Nov 2011	Message Posted: May 11, 2012 10:39:44 PM Ignore petrpuck Report Abuse up a lot , down a little then up again. Rinse repeat
DustyHorse Champion Author Virginia Posts:6,085 Points:1,391,805 Joined:Oct 2008	Message Posted: May 11, 2012 10:37:15 PM Ignore DustyHorse Report Abuse At $3.89 a gallon I think gas is still very expensive.
itsjustme719 All-Star Author Hamilton Posts:611 Points:598,575 Joined:Dec 2010	Message Posted: May 11, 2012 10:34:34 PM Ignore itsjustme719 Report Abuse Gas prices here in Ontario have been going up again.
agr964 All-Star Author Fresno Posts:616 Points:70,945 Joined:Aug 2008	Message Posted: May 11, 2012 10:33:53 PM Ignore agr964 Report Abuse Whatever you say buddy, gas has not been below $4/gal here since February and its been going up this week about 3 cents a day [Edited by: agr964 at 5/11/2012 11:35:00 PM EST]
ammamama13 Rookie Author California Posts:96 Points:68,285 Joined:May 2011	Message Posted: May 11, 2012 10:33:09 PM Ignore ammamama13 Report Abuse gas has gone up 10 - 20 cents in the past 2 days. if gas prices are going down it's not around here in central coast california
crashintuc34 Champion Author Tucson Posts:4,052 Points:811,890 Joined:May 2010	Message Posted: May 11, 2012 10:30:57 PM Ignore crashintuc34 Report Abuse Oh wow!! It's ALL THE WAY down to 3.50!! I guess we should all be elated, right?
HDFXR1991 Veteran Author Wisconsin Posts:469 Points:141,030 Joined:Sep 2008	Message Posted: May 11, 2012 10:29:08 PM Ignore HDFXR1991 Report Abuse What? Tell my wallet this news!
Blue48 Champion Author Illinois Posts:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: May 11, 2012 10:25:03 PM Ignore Blue48 Report Abuse CAN WE SEE THE LIGHT,AT THE END OF THE TUNNEL?
Garyallman Veteran Author Honolulu Posts:308 Points:6,705 Joined:Apr 2012	Message Posted: May 11, 2012 10:23:45 PM Ignore Garyallman Report Abuse Don't park the Prius yet, it's gonna go up even higher, that's a fact, look at the graph charts, it's been going up every year, and it will continue to increase steadily.
dollarwatcher Champion Author Wisconsin Posts:7,940 Points:1,534,995 Joined:Mar 2007	Message Posted: May 11, 2012 10:22:21 PM Ignore dollarwatcher Report Abuse The 4 plus scare tactic worked didn't it.
bif65 Champion Author Virginia Posts:1,023 Points:195,480 Joined:Jan 2011	Message Posted: May 11, 2012 10:21:00 PM Ignore bif65 Report Abuse ok
Ply440GTX All-Star Author Texas Posts:949 Points:309,730 Joined:Feb 2009	Message Posted: May 11, 2012 10:20:41 PM Ignore Ply440GTX Report Abuse Uhh... It's STILL sucking!!!!!!!!!!!