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PD Moderator	Message Posted: Oct 25, 2010 1:04:48 PM Ignore PD Report Abuse Average gasoline prices will fall slightly again this week, continuing last week's trend lower. Over the last week, prices have begun to fall after a large surge in prices several weeks prior. Much of the reason for the downturn is due to Chinese authorities who increased interest rates last week, hoping to slow their economy (and in turn slowing economies of major trading partners). The news of the surprise increase in interest rates in China sent the dollar soaring, easing pressure on oil prices, and helping gasoline futures edge lower as well. We're feeling the impact of last week's downturn this week, and many areas of the United States should see price averages dropping. We also got good news last week out of Washington... Visit GasBuddy Blog for full article

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Message Posted: Oct 25, 2010 1:04:48 PM

Ignore PD Report Abuse

Average gasoline prices will fall slightly again this week, continuing last week's trend lower. Over the last week, prices have begun to fall after a large surge in prices several weeks prior.

Much of the reason for the downturn is due to Chinese authorities who increased interest rates last week, hoping to slow their economy (and in turn slowing economies of major trading partners). The news of the surprise increase in interest rates in China sent the dollar soaring, easing pressure on oil prices, and helping gasoline futures edge lower as well.

We're feeling the impact of last week's downturn this week, and many areas of the United States should see price averages dropping. We also got good news last week out of Washington...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Oct 27, 2010 6:19:30 AM Ignore honda0105 Report Abuse oops... just checked,.. make that 12 cents -- jumped about 2 weeks ago.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Oct 27, 2010 6:18:26 AM Ignore honda0105 Report Abuse even w/ the $ heading higher (thanks to the Chinese buying 1 Billion US-Dollars per day to keep the currency stable and their exports cheap) we will not see a large change at the pump. It merely dropped about 2 cents here after jumping 10 cents.
DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Oct 27, 2010 2:52:11 AM Ignore DrCashFlow Report Abuse dollar heading higher, oil heading lower.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Oct 26, 2010 10:55:47 PM Ignore Blue48 Report Abuse UP..DOWN..UP..DOWN!
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Oct 26, 2010 8:28:47 PM Ignore POLELANE Report Abuse much better already this week.
Frankb4U All-Star Author San Bernardino Posts:549 Points:119,130 Joined:Oct 2010	Message Posted: Oct 26, 2010 1:27:54 PM Ignore Frankb4U Report Abuse -2 Cents max as of now.
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Oct 26, 2010 11:44:10 AM Ignore pgerassi Report Abuse Falling here 6 cents in the past week. Not quite to where it was a month ago nor a year ago.
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Oct 26, 2010 11:24:39 AM Ignore nervous Report Abuse average gal. of gas @ $2.79, California must be it's own island because it's $0.40 to $0.50 higher. and the holidays are coming. i've talked to a coulple of gas station owners and asked if $4 a gallon this winter possible they couln't give me an answer of "no". i'm pretty sure they all talk with each other and know whats coming. any way it's Obamas agenda to callapse the American infrastructure (commerce). that's my opinion and i'm sure some of you would also agree. and if you disagree you probly have a tax payer funded gas card to use.
colorado54 Rookie Author Rochester Posts:32 Points:409,920 Joined:Oct 2008	Message Posted: Oct 26, 2010 9:14:18 AM Ignore colorado54 Report Abuse As long as the stock market goes up so will oil and gas. Still going up here in NY.
remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Oct 26, 2010 8:34:26 AM Ignore remay Report Abuse Quick to rise, slooooow to fall (if at all).
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Oct 26, 2010 6:35:55 AM Ignore honda0105 Report Abuse slight drop here, nothing like the hike prior to it.
FocusST2 Champion Author North Carolina Posts:8,158 Points:1,381,850 Joined:Jul 2009	Message Posted: Oct 26, 2010 4:31:34 AM Ignore FocusST2 Report Abuse Fuel here was steady for a long time but finally dropped a couple of cents this past week.
twobroke61 Champion Author Michigan Posts:8,395 Points:1,591,885 Joined:Sep 2008	Message Posted: Oct 26, 2010 4:30:27 AM Ignore twobroke61 Report Abuse ours dropped 8 cents a gallon but still too high now at 2.87 a gallon
Beau2140 Champion Author New York Posts:8,311 Points:1,660,085 Joined:Oct 2008	Message Posted: Oct 26, 2010 4:29:51 AM Ignore Beau2140 Report Abuse Our prices went upast week, and haven't gone down yet.
ED6 Champion Author Riverside Posts:9,494 Points:1,853,080 Joined:Jul 2007	Message Posted: Oct 26, 2010 4:29:51 AM Ignore ED6 Report Abuse Up/down.
bigsranch Champion Author Houston Posts:3,156 Points:1,008,180 Joined:Apr 2007	Message Posted: Oct 26, 2010 4:27:49 AM Ignore bigsranch Report Abuse Diesel prices holding steady here for 6 months or so.
BM4225 Champion Author Atlanta Posts:10,134 Points:2,097,220 Joined:Aug 2006	Message Posted: Oct 26, 2010 4:26:28 AM Ignore BM4225 Report Abuse Dang, and I just filled up. I won't think about filling up again till the 5th of next month when I go see the kids again.
NotmeuQc Champion Author Montreal Posts:5,656 Points:1,135,775 Joined:Apr 2009	Message Posted: Oct 26, 2010 4:17:32 AM Ignore NotmeuQc Report Abuse Gas prices still to high here, but are ever so slowly dropping.
Bill100 Champion Author Grand Rapids Posts:41,514 Points:1,165,020 Joined:Jan 2010	Message Posted: Oct 26, 2010 4:05:29 AM Ignore Bill100 Report Abuse Do me a favor and reprint this article every week. Just make certain it always comes true. Fairy tales are always good.
PhilMils Champion Author Virginia Posts:6,264 Points:1,186,390 Joined:Dec 2008	Message Posted: Oct 26, 2010 4:03:52 AM Ignore PhilMils Report Abuse Bah! This is only a short term view that can be useful only to speculators. We need long term trend information.
bobdec Champion Author Miami Posts:8,979 Points:1,772,745 Joined:May 2008	Message Posted: Oct 26, 2010 4:03:27 AM Ignore bobdec Report Abuse I will believe it when I see it
1fulltank Champion Author Buffalo Posts:7,918 Points:1,547,235 Joined:Nov 2008	Message Posted: Oct 26, 2010 4:00:34 AM Ignore 1fulltank Report Abuse Holding steady around here.
HA4CNN Champion Author Toronto Posts:5,639 Points:1,546,415 Joined:Dec 2006	Message Posted: Oct 26, 2010 3:47:05 AM Ignore HA4CNN Report Abuse Us dollar up and commodities down.
1badvette Veteran Author Texas Posts:402 Points:223,735 Joined:Oct 2010	Message Posted: Oct 26, 2010 3:44:50 AM Ignore 1badvette Report Abuse it has to be the holidays coming up.
steve621 Champion Author Wilmington Posts:2,012 Points:2,111,105 Joined:Aug 2004	Message Posted: Oct 26, 2010 3:42:50 AM Ignore steve621 Report Abuse Here we go again
computernut2008 Champion Author Ohio Posts:6,588 Points:1,353,290 Joined:Oct 2008	Message Posted: Oct 26, 2010 3:41:38 AM Ignore computernut2008 Report Abuse We'll See.
findcheap Champion Author Los Angeles Posts:9,612 Points:2,012,800 Joined:Apr 2007	Message Posted: Oct 26, 2010 3:35:29 AM Ignore findcheap Report Abuse more baseless speculation and guesing, passing as fact
speedys Champion Author Utah Posts:7,032 Points:2,561,810 Joined:Nov 2005	Message Posted: Oct 26, 2010 3:34:56 AM Ignore speedys Report Abuse It will only be short lived.
HawaiianGuy Champion Author Idaho Posts:9,543 Points:3,082,625 Joined:May 2003	Message Posted: Oct 26, 2010 3:18:41 AM Ignore HawaiianGuy Report Abuse How nice. Fact of the matter is, we'll never see this passed down to us here in Eastern Idaho.
theawesome1 Champion Author Cleveland Posts:9,338 Points:1,729,075 Joined:Aug 2005	Message Posted: Oct 26, 2010 3:17:28 AM Ignore theawesome1 Report Abuse Lower trend? $2.89 is not low and my neighborhood is filled with them or closed stations. Good news out of Washington? NOV 3RD WILL HAVE IT. $2 cap on fuel's price.
dacofa Champion Author Nevada Posts:5,375 Points:1,150,610 Joined:Jan 2010	Message Posted: Oct 26, 2010 3:10:25 AM Ignore dacofa Report Abuse Yeah right and then come right back up/
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Oct 26, 2010 3:00:38 AM Ignore TWS658 Report Abuse Prices have not changed here.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Oct 26, 2010 2:50:20 AM Ignore CPGas1815 Report Abuse For the first time in several months, local gas prices in my gas price gouging home town in the Upper Peninsula of Michigan have dropped below $2.90. But the differential between the price of gas in the Upper Peninsula and the price of gasoline in the Lower Peninsula is still well over 30 cents a gallon. Last week I wrote a response to another local residents Letter to the Editor who had brought to light the manipulative manner local gas station operators have employed to keep gas from decreasing based on local market factors. It truly sucks to live in a extremely economically and vocationally challenged community where gasoline consumers are treated like a cash cow.
UseLessGasFolks Champion Author Iowa Posts:5,459 Points:1,298,735 Joined:Jul 2007	Message Posted: Oct 26, 2010 2:45:03 AM Ignore UseLessGasFolks Report Abuse They are all over the place here. One will be up and the other down. The next day it is the opposite. Seems like they might be overreaching in this latest money grab.
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Oct 26, 2010 2:34:59 AM Ignore HiGramma Report Abuse Noticed a slight drop from 4-5pm to nearly midnight, most places only a penny, but one a whopping 3¢. Of course, when prices rise, they can leap a dime in a minute.
BobD2009 Champion Author Long Island Posts:7,004 Points:1,242,710 Joined:Apr 2009	Message Posted: Oct 26, 2010 2:29:59 AM Ignore BobD2009 Report Abuse Prices by me have gone up and holding.
DellDude2 Champion Author Nashville Posts:9,425 Points:2,124,685 Joined:Aug 2005	Message Posted: Oct 26, 2010 2:22:31 AM Ignore DellDude2 Report Abuse Thanks for the favor China, even if you didn't really mean it.
52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Oct 26, 2010 2:15:39 AM Ignore 52MPG Report Abuse At least we have GasBuddies to help find the best price.
kslgas Champion Author Calgary Posts:2,397 Points:1,604,410 Joined:Apr 2007	Message Posted: Oct 26, 2010 2:06:49 AM Ignore kslgas Report Abuse it's always hike up faster than falling
MDTDriver Champion Author California Posts:9,739 Points:2,157,570 Joined:Jul 2006	Message Posted: Oct 26, 2010 1:54:07 AM Ignore MDTDriver Report Abuse China controling the dollar, and what is next for China to control?
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Oct 26, 2010 1:51:05 AM Ignore Saturn93 Report Abuse Gas Buddy is certainly more accurate than the governments weekly report.
AKmailman Champion Author Alaska Posts:5,648 Points:1,560,490 Joined:Jul 2004	Message Posted: Oct 26, 2010 1:40:16 AM Ignore AKmailman Report Abuse price is up, price is down, up, down it's the speculators game
RENEGADEGAS Champion Author Missouri Posts:14,929 Points:1,594,150 Joined:Jul 2008	Message Posted: Oct 26, 2010 1:39:02 AM Ignore RENEGADEGAS Report Abuse Holding in Branson, Missouri.
greenfog Champion Author Illinois Posts:6,505 Points:1,641,195 Joined:Feb 2008	Message Posted: Oct 26, 2010 1:38:57 AM Ignore greenfog Report Abuse they are dropping very slowly here, about 1 cent every 2 to 3 days.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Oct 26, 2010 1:38:51 AM Ignore Jeeputtputt Report Abuse Needs to drop 10 to 25 cents at a whack to be appreciated, just like when they jack it up.
grouch311 Champion Author Peoria Posts:6,381 Points:1,575,715 Joined:Jun 2007	Message Posted: Oct 26, 2010 1:31:13 AM Ignore grouch311 Report Abuse prices haven't went down here, holding steady is all
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,905,055 Joined:Jul 2007	Message Posted: Oct 26, 2010 1:28:19 AM Ignore Rageagainsttm Report Abuse I wanna see them drop big time.
vulcan96 Champion Author Ohio Posts:26,940 Points:3,106,600 Joined:Aug 2004	Message Posted: Oct 26, 2010 1:18:41 AM Ignore vulcan96 Report Abuse how about a big surge DOWN like it always is when going up !!!
cutter1330 Champion Author Oklahoma Posts:8,045 Points:1,696,815 Joined:Jul 2005	Message Posted: Oct 26, 2010 1:18:33 AM Ignore cutter1330 Report Abuse Down is good!!!!
nstrdnvstr Champion Author Twin Cities Posts:36,874 Points:3,987,880 Joined:May 2001	Message Posted: Oct 26, 2010 1:17:55 AM Ignore nstrdnvstr Report Abuse Prices will depend on the value (strength or weakness) of the dollar.