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Volatility in gasoline prices to continue through May

GasBuddy Blog -- Wholesale prices drop significantly one day, then rise significantly the next. In what's making forecasting prices seemingly much more difficult, severe volatility is making it ever so difficult to forecast when prices will rise and fall.

A few weeks ago, gasoline spot prices, the price stations pay before tax, hit lows not seen in weeks. Since then, spot prices have been on the rise again, meaning you likely saw prices drop at your local gas station only to see them rise in the last few days.

The West Coast and Great Lakes markets have seen the most volatility lately, with Great Lakes area prices falling quite low only to bounce right back up. I get the question "have prices peaked?" I'd like to think they have, but as...

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Submitted Apr 14, 2012 By: PD

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Bearcat500 Champion Author Cincinnati Posts:9,710 Points:1,628,350 Joined:Nov 2005	Message Posted: Jan 6, 2013 8:07:37 PM Ignore Bearcat500 Report Abuse OK
musicreporter All-Star Author San Antonio Posts:620 Points:132,265 Joined:Dec 2012	Message Posted: Jan 5, 2013 12:54:55 AM Ignore musicreporter Report Abuse stability is sorely needed
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: Dec 21, 2012 1:34:02 PM Ignore Donatelo Report Abuse STOP EXPORTING OUR OIL NOW, OR AT LEAST GIVE US COMPENSATION FOR SENDING OUR NATURAL RESOURSES OVERSEAS. WE WANT TO BE ENERGY INDEPENDENT, BUT IT SEEMS TO BE ALL TALK.
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Dec 20, 2012 5:47:52 PM Ignore knutzAL Report Abuse what time zone is the zombie appocolypse starting in?
albert2008 Champion Author Winnipeg Posts:7,337 Points:1,478,085 Joined:Sep 2008	Message Posted: Apr 23, 2012 7:40:05 AM Ignore albert2008 Report Abuse wait and see
albert2008 Champion Author Winnipeg Posts:7,337 Points:1,478,085 Joined:Sep 2008	Message Posted: Apr 22, 2012 1:19:54 PM Ignore albert2008 Report Abuse time tells all
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Apr 22, 2012 10:32:12 AM Ignore JCI46009IN Report Abuse We need to STOP exporting our oil and export ALL speculators !!!!!!!!!!!!
clpassenubye Champion Author Los Angeles Posts:3,359 Points:751,730 Joined:Mar 2011	Message Posted: Apr 22, 2012 10:19:37 AM Ignore clpassenubye Report Abuse very frustrating
albert2008 Champion Author Winnipeg Posts:7,337 Points:1,478,085 Joined:Sep 2008	Message Posted: Apr 18, 2012 8:00:47 AM Ignore albert2008 Report Abuse not good
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Apr 18, 2012 4:59:42 AM Ignore honda0105 Report Abuse RK95: Since this is written by one of the GB gods, it usually will stay for a long while.
RoadKing95 Champion Author San Jose Posts:20,537 Points:3,600,315 Joined:May 2003	Message Posted: Apr 17, 2012 7:00:41 PM Ignore RoadKing95 Report Abuse How many days before they pull this blog off the list?
IrishCowboy Champion Author Fort Wayne Posts:1,431 Points:569,880 Joined:Jan 2011	Message Posted: Apr 17, 2012 3:14:06 PM Ignore IrishCowboy Report Abuse Great, speculate on the speculations....
sparky808 Champion Author Honolulu Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Apr 17, 2012 12:27:45 PM Ignore sparky808 Report Abuse Thank you for posting.
roadrunnin Champion Author Richmond Posts:1,744 Points:562,435 Joined:May 2008	Message Posted: Apr 17, 2012 10:55:30 AM Ignore roadrunnin Report Abuse IF congress gets off their hands and really closes the speculation loophole, things would likely level out.
DarthDadJr Champion Author Virginia Posts:7,297 Points:1,518,620 Joined:Jul 2008	Message Posted: Apr 17, 2012 9:56:41 AM Ignore DarthDadJr Report Abuse A new norm is forming...
MetroSexual Champion Author New Hampshire Posts:3,004 Points:316,380 Joined:Aug 2005	Message Posted: Apr 17, 2012 9:29:16 AM Ignore MetroSexual Report Abuse We have a new standard for "lower" prices, all within the $3-plus range. It is doubtful we will ever see anything in the $2 range again. We are paying the prices refiners decide to charge and they know we will keep paying them. Ripping people off is the name of the game in corporate-owned America. [Edited by: MetroSexual at 4/17/2012 10:33:15 AM EST]
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,470 Joined:Sep 2005	Message Posted: Apr 17, 2012 9:22:43 AM Ignore bikerchicklette Report Abuse interesting
puinsai808 Champion Author Honolulu Posts:3,529 Points:724,380 Joined:May 2011	Message Posted: Apr 17, 2012 9:20:24 AM Ignore puinsai808 Report Abuse This story has been around for a few days.
TheMeltz Champion Author Maryland Posts:2,169 Points:638,250 Joined:Feb 2009	Message Posted: Apr 17, 2012 8:40:29 AM Ignore TheMeltz Report Abuse why do we need forecasters?
dopster Champion Author Toledo Posts:7,257 Points:2,289,325 Joined:Aug 2004	Message Posted: Apr 17, 2012 8:40:02 AM Ignore dopster Report Abuse Aren't there any NEW articles to post?
12766 Champion Author New York Posts:2,433 Points:1,481,365 Joined:Oct 2008	Message Posted: Apr 17, 2012 8:38:04 AM Ignore 12766 Report Abuse Old News
bjdorval Champion Author Quebec Posts:2,244 Points:1,132,005 Joined:Jul 2008	Message Posted: Apr 17, 2012 8:35:14 AM Ignore bjdorval Report Abuse There is no volatility when ya'all can fill up at Newt's corner station anytime for $2.50 per gallon. I heard on Fox News that vouchers for gas will be given out at the GOP convention.
kzza100 Champion Author New Jersey Posts:1,948 Points:571,820 Joined:Sep 2011	Message Posted: Apr 17, 2012 8:32:41 AM Ignore kzza100 Report Abuse yup
Rick01 Champion Author Utah Posts:9,003 Points:2,359,650 Joined:Sep 2005	Message Posted: Apr 17, 2012 8:32:20 AM Ignore Rick01 Report Abuse Been here before.
racerdj Champion Author Indianapolis Posts:9,800 Points:2,053,650 Joined:Jun 2003	Message Posted: Apr 17, 2012 8:31:47 AM Ignore racerdj Report Abuse Expected unfortunately.
mikerroy Champion Author Albuquerque Posts:2,551 Points:717,995 Joined:May 2005	Message Posted: Apr 17, 2012 8:30:56 AM Ignore mikerroy Report Abuse This is 3 days for this old news article.
payogie Champion Author Atlanta Posts:1,047 Points:301,510 Joined:Feb 2005	Message Posted: Apr 17, 2012 8:30:51 AM Ignore payogie Report Abuse Blog, blog, blog.
vegboy All-Star Author Massachusetts Posts:550 Points:106,700 Joined:Feb 2012	Message Posted: Apr 17, 2012 8:30:50 AM Ignore vegboy Report Abuse gas volatility will always be the game. Unless we curb the speculators and subsidies to big oil.
jayrad1957 Champion Author Los Angeles Posts:19,623 Points:1,594,565 Joined:Nov 2008	Message Posted: Apr 17, 2012 8:30:21 AM Ignore jayrad1957 Report Abuse Of course they will...........
Furrykids Sophomore Author Gainesville Posts:230 Points:553,765 Joined:Mar 2011	Message Posted: Apr 17, 2012 8:29:26 AM Ignore Furrykids Report Abuse Gas volatility will continue past May
RangerTrainer Champion Author Ottawa Posts:2,443 Points:606,520 Joined:Nov 2010	Message Posted: Apr 17, 2012 8:29:24 AM Ignore RangerTrainer Report Abuse Still 133ish /litre in Ottawa Canada
essel Champion Author Virginia Posts:2,698 Points:1,041,520 Joined:Nov 2007	Message Posted: Apr 17, 2012 8:27:17 AM Ignore essel Report Abuse ok
Insuremn Champion Author Twin Cities Posts:4,937 Points:1,028,085 Joined:May 2010	Message Posted: Apr 17, 2012 8:27:11 AM Ignore Insuremn Report Abuse Gas jumped 20 cents here yesterday even though it fell 8 cents on the wholesale market.
bell05 Champion Author Atlanta Posts:9,240 Points:1,873,685 Joined:Jun 2005	Message Posted: Apr 17, 2012 8:26:45 AM Ignore bell05 Report Abuse Yea mitchells, you got that right.
SUSANCK Champion Author Chicago Posts:3,627 Points:706,280 Joined:Apr 2011	Message Posted: Apr 17, 2012 8:26:11 AM Ignore SUSANCK Report Abuse Unfortunately--this is not a surprise?
blueBMW480 Champion Author Nashville Posts:818,391 Points:837,815 Joined:Jan 2011	Message Posted: Apr 17, 2012 8:26:04 AM Ignore blueBMW480 Report Abuse Awesome
mnbeancounter Champion Author Minnesota Posts:4,718 Points:1,059,890 Joined:Oct 2009	Message Posted: Apr 17, 2012 8:25:56 AM Ignore mnbeancounter Report Abuse speculation-my crystal ball is broken
Blazer197 Champion Author New Haven Posts:3,240 Points:615,150 Joined:Feb 2009	Message Posted: Apr 17, 2012 8:25:46 AM Ignore Blazer197 Report Abuse $5 a gallon coming.Thank you B.O OBUMERMAN.
mitchells Champion Author Montreal Posts:3,851 Points:1,122,310 Joined:Oct 2009	Message Posted: Apr 17, 2012 8:25:14 AM Ignore mitchells Report Abuse gas prices are like the weather, they go up and down every day, it's normal
ILoveGoldens All-Star Author Kentucky Posts:901 Points:378,880 Joined:Aug 2011	Message Posted: Apr 17, 2012 8:25:07 AM Ignore ILoveGoldens Report Abuse The gas prices go up a lot, come down a little, etc... They will go up as much as they can, before the taxpayer yells.
Somis1 Champion Author Ventura Posts:13,667 Points:2,611,850 Joined:Jul 2005	Message Posted: Apr 17, 2012 8:24:53 AM Ignore Somis1 Report Abuse What is this, the third day running this article has been up?
bigLtowing Champion Author Columbus Posts:2,824 Points:589,640 Joined:Aug 2011	Message Posted: Apr 17, 2012 8:23:38 AM Ignore bigLtowing Report Abuse ok
1Casey Champion Author Albany Posts:6,518 Points:1,789,935 Joined:Jun 2004	Message Posted: Apr 17, 2012 8:22:27 AM Ignore 1Casey Report Abuse $peculation
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Apr 17, 2012 8:22:00 AM Ignore EmperorsFinest Report Abuse No surprise here...
katmandue Champion Author Detroit Posts:8,056 Points:2,131,195 Joined:Jul 2006	Message Posted: Apr 17, 2012 8:21:31 AM Ignore katmandue Report Abuse Through out the year
FocusGuy Champion Author Seattle Posts:7,042 Points:1,409,830 Joined:Apr 2009	Message Posted: Apr 17, 2012 8:21:29 AM Ignore FocusGuy Report Abuse i gotta luv mi "XOM"
Barfood Champion Author St. Louis Posts:3,296 Points:1,015,080 Joined:Jun 2009	Message Posted: Apr 17, 2012 8:20:35 AM Ignore Barfood Report Abuse I biked to work today, so I used 0.00 gallons of gas!
no_monkey2002 Champion Author Tallahassee Posts:8,405 Points:2,068,250 Joined:Mar 2006	Message Posted: Apr 17, 2012 8:19:29 AM Ignore no_monkey2002 Report Abuse where is the usa attorney general asleep
doncNJ Champion Author New Jersey Posts:7,506 Points:1,502,170 Joined:Oct 2008	Message Posted: Apr 17, 2012 8:19:23 AM Ignore doncNJ Report Abuse I have already read this.
GaSrt8 Veteran Author Georgia Posts:331 Points:397,580 Joined:Nov 2011	Message Posted: Apr 17, 2012 8:17:56 AM Ignore GaSrt8 Report Abuse Old news.