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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 Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 12, 2012 3:00:22 AM Ignore honda0105 Report Abuse gas going down further. Diesel stagnant again. Only dropped at one station... the rest is holding tightly onto their 3.89 marks.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Dec 11, 2012 7:46:53 AM Ignore Donatelo Report Abuse lower gas prices always good, we should use our natural gas reserves for all diesel engines also.
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 11, 2012 2:57:28 AM Ignore honda0105 Report Abuse 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?
CapriceWagon Champion Author Washington Posts:1,009 Points:502,870 Joined:Feb 2008	Message Posted: Dec 10, 2012 5:11:38 PM Ignore CapriceWagon Report Abuse That's true, diesel hasn't come down much at all, there's a $.60 drop from diesel to regular.
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 9, 2012 4:56:59 AM Ignore honda0105 Report Abuse Donatelo: the last word is yours :)
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 9, 2012 4:53:14 AM Ignore honda0105 Report Abuse Donatelo: the last word is yours :)
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Dec 8, 2012 8:48:40 AM Ignore Donatelo Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 8, 2012 2:32:55 AM Ignore honda0105 Report Abuse gasoline may drop, but diesel seems to be on the up, up, up... that means, the economy will take a lot longer to recover.
Houckster Champion Author Atlanta Posts:9,407 Points:695,200 Joined:Sep 2003	Message Posted: Dec 7, 2012 8:25:33 AM Ignore Houckster Report Abuse 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.
skidsteer85xt Champion Author Indiana Posts:4,080 Points:214,725 Joined:Oct 2012	Message Posted: Dec 7, 2012 6:29:12 AM Ignore skidsteer85xt Report Abuse I BELIEVE THAT IN THE LONG RUN GAS PRICES WILL DROP DUE TO INCREASE PRODUCTION IN PLACES THAT HAVE NEVER PRODUCED GAS BEFORE.
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 7, 2012 2:40:51 AM Ignore honda0105 Report Abuse diesel has gone up at some stations.
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,055 Joined:Mar 2011	Message Posted: Dec 6, 2012 4:17:52 PM Ignore clpassenubye Report Abuse this is a very slow descent I hope 2013 brings a much faster descent.
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Dec 6, 2012 3:01:23 AM Ignore honda0105 Report Abuse hasn't dropped that long or that much. Some stations are already going up again.
mfgendron All-Star Author New York Posts:745 Points:322,630 Joined:Sep 2008	Message Posted: Dec 5, 2012 10:36:17 AM Ignore mfgendron Report Abuse Not low enough for me.
DanMtz Champion Author Oakland Posts:3,491 Points:1,270,050 Joined:Oct 2009	Message Posted: Dec 4, 2012 4:57:31 PM Ignore DanMtz Report Abuse Until there are more "unfortunate incidents" at a few refineries?
gasokie Champion Author Oklahoma Posts:3,487 Points:1,346,755 Joined:May 2007	Message Posted: Dec 4, 2012 10:58:50 AM Ignore gasokie Report Abuse To about $2.50? gal.?
datsundriver Champion Author Houston Posts:6,978 Points:832,785 Joined:Feb 2008	Message Posted: Dec 4, 2012 10:20:43 AM Ignore datsundriver Report Abuse 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.
garywa01 Sophomore Author Alberta Posts:130 Points:401,215 Joined:Jan 2012	Message Posted: Dec 4, 2012 9:30:26 AM Ignore garywa01 Report Abuse $1.05 liter here in Red Deer
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Dec 4, 2012 8:52:42 AM Ignore NanookAK Report Abuse Is it decent?
JacksonLittle Champion Author Wyoming Posts:1,366 Points:138,670 Joined:Oct 2012	Message Posted: Dec 4, 2012 2:04:31 AM Ignore JacksonLittle Report Abuse National averages may be falling slightly, but local averages are remaining stable in many locations.
mrjames1818 Champion Author New Jersey Posts:1,681 Points:2,024,820 Joined:Mar 2004	Message Posted: Dec 4, 2012 2:04:18 AM Ignore mrjames1818 Report Abuse 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.
hybridaholic Champion Author Appleton Posts:8,500 Points:1,583,290 Joined:Dec 2008	Message Posted: Dec 4, 2012 2:00:43 AM Ignore hybridaholic Report Abuse Greed still rules.
wkb03 Champion Author Georgia Posts:2,095 Points:619,775 Joined:Aug 2011	Message Posted: Dec 4, 2012 1:59:13 AM Ignore wkb03 Report Abuse Still waiting for it to happen here.....
Bonanza Champion Author Boston Posts:12,248 Points:2,577,730 Joined:Jun 2004	Message Posted: Dec 4, 2012 1:58:23 AM Ignore Bonanza Report Abuse Yesterday's news
DJRIO Champion Author Miami Posts:8,186 Points:1,453,285 Joined:Jan 2008	Message Posted: Dec 4, 2012 1:58:06 AM Ignore DJRIO Report Abuse we are using less oil every day. because people are buying better mpg cars.
cheapertvs Champion Author Richmond Posts:10,425 Points:2,768,445 Joined:Jan 2004	Message Posted: Dec 4, 2012 1:57:43 AM Ignore cheapertvs Report Abuse The price at the pump is not moving down here.
TravelinMan52 Champion Author Augusta Posts:2,060 Points:990,370 Joined:May 2008	Message Posted: Dec 4, 2012 1:56:51 AM Ignore TravelinMan52 Report Abuse Most places are steady here. A descent would be a welcome sign...
OriginalBudman Champion Author Barrie Posts:11,214 Points:2,276,105 Joined:Apr 2006	Message Posted: Dec 4, 2012 1:52:28 AM Ignore OriginalBudman Report Abuse There's no descent here.
74celica Champion Author Columbus Posts:1,565 Points:1,836,425 Joined:May 2006	Message Posted: Dec 4, 2012 1:52:09 AM Ignore 74celica Report Abuse waiting for the next excuse to raise prices
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Dec 4, 2012 1:50:50 AM Ignore Quick68 Report Abuse Until the lawmakers run out of fun money.
Royski Champion Author Los Angeles Posts:1,022 Points:199,300 Joined:Oct 2006	Message Posted: Dec 4, 2012 1:50:25 AM Ignore Royski Report Abuse Good news, but old story.
SOLONGCOLD Champion Author Ann Arbor Posts:1,156 Points:283,960 Joined:Nov 2010	Message Posted: Dec 4, 2012 1:48:49 AM Ignore SOLONGCOLD Report Abuse uh huh ...
gabbygusIN Champion Author Indiana Posts:7,371 Points:1,586,600 Joined:Oct 2008	Message Posted: Dec 4, 2012 1:44:33 AM Ignore gabbygusIN Report Abuse Prices here holding steady at $3.399
humblepie Champion Author Toledo Posts:35,301 Points:2,398,095 Joined:Mar 2006	Message Posted: Dec 4, 2012 1:42:22 AM Ignore humblepie Report Abuse lulling some to sleep
silverfox63 Champion Author Michigan Posts:8,242 Points:1,635,515 Joined:Oct 2008	Message Posted: Dec 4, 2012 1:38:49 AM Ignore silverfox63 Report Abuse With crude approaching $90 a barrel, look for it to go back up, especially with Christmas and New Year"s coming in 3 weeks.
Glock26 Champion Author Dayton Posts:1,654 Points:658,135 Joined:Mar 2011	Message Posted: Dec 4, 2012 1:38:45 AM Ignore Glock26 Report Abuse Till obama starts screwing with it!!!
BigDogOH Champion Author Cincinnati Posts:8,638 Points:1,834,545 Joined:Mar 2008	Message Posted: Dec 4, 2012 1:36:39 AM Ignore BigDogOH Report Abuse First of year,obummers 4 new taxes
NotTom Champion Author New Hampshire Posts:5,452 Points:1,409,015 Joined:Aug 2005	Message Posted: Dec 4, 2012 1:35:29 AM Ignore NotTom Report Abuse but not Diesel and home heating oil...
jci25946 Champion Author Tampa Posts:3,397 Points:966,290 Joined:Jan 2006	Message Posted: Dec 4, 2012 1:27:14 AM Ignore jci25946 Report Abuse Keep dropping, very long drive for Christmas visit with relatives.
kbierley Champion Author Dayton Posts:10,739 Points:1,417,820 Joined:Nov 2003	Message Posted: Dec 4, 2012 1:27:04 AM Ignore kbierley Report Abuse 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.
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Dec 4, 2012 1:24:35 AM Ignore SBlouch Report Abuse Prices stayed the sane all weekend and today.
Rick52 Champion Author Milwaukee Posts:12,178 Points:1,225,370 Joined:Mar 2005	Message Posted: Dec 4, 2012 1:23:44 AM Ignore Rick52 Report Abuse Better keep going down if they want they economy to get moving..
prkuehn Champion Author Arkansas Posts:3,081 Points:642,400 Joined:Aug 2011	Message Posted: Dec 4, 2012 1:22:05 AM Ignore prkuehn Report Abuse Mighty stupid article.
SparkieMi Champion Author Kalamazoo Posts:3,397 Points:615,110 Joined:Sep 2011	Message Posted: Dec 4, 2012 1:17:58 AM Ignore SparkieMi Report Abuse This will last until GREED steps in.....
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Dec 4, 2012 1:17:34 AM Ignore TIGERPAW46 Report Abuse 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.
rwe930 Veteran Author Alabama Posts:334 Points:407,035 Joined:Aug 2011	Message Posted: Dec 4, 2012 1:16:51 AM Ignore rwe930 Report Abuse down baby down
Beau2140 Champion Author New York Posts:8,431 Points:1,683,885 Joined:Oct 2008	Message Posted: Dec 4, 2012 1:15:44 AM Ignore Beau2140 Report Abuse Not long enough.
mcmonsta Champion Author Honolulu Posts:3,342 Points:844,495 Joined:Sep 2009	Message Posted: Dec 4, 2012 1:13:29 AM Ignore mcmonsta Report Abuse Xmas wish...hope it comes thru
R209 Champion Author California Posts:7,401 Points:268,240 Joined:Jul 2012	Message Posted: Dec 4, 2012 1:12:47 AM Ignore R209 Report Abuse Blah, blah, blah...
Hi1 Champion Author Ontario Posts:4,990 Points:1,751,335 Joined:Jun 2007	Message Posted: Dec 4, 2012 1:12:32 AM Ignore Hi1 Report Abuse Old news.