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Gas prices defy predictions as worldwide demand drops

The Patriot-News -- It seems like only yesterday that analysts were giving us a doomsday forecast that gas would hit $5 by Memorial Day or shortly thereafter.

Instead, after peaking around $4, the national average for a price of regular unleaded has plummeted 61 cents since April 5, AAA spokesman Michael Green said Monday.
Harrisburg area fell 4 cents last week, to $3.18 a gallon. Some prices are nudging toward $3. Rutters in New Cumberland posted $3.06 Monday.

The average price in the Harrisburg area fell 4 cents last week, to $3.18 a gallon. Some prices are nudging toward $3. Rutters in New Cumberland posted $3.06 Monday.

Kyle Miller sees the difference every time he fills up his Ford pickup. His cost has dropped from about $100 to $70 — or another $30 in his pocket.

“It’s more savings, and occasionally

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Submitted Jul 03, 2012 By: angel4me

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jethro5000 Champion Author Kentucky Posts:1,857 Points:387,235 Joined:Jun 2005	Message Posted: Jul 9, 2012 6:25:15 AM Ignore jethro5000 Report Abuse ???
apocalypse Rookie Author Atlanta Posts:70 Points:150,640 Joined:Jun 2012	Message Posted: Jul 5, 2012 9:27:34 AM Ignore apocalypse Report Abuse I'll take the savings.
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Jul 4, 2012 11:27:11 PM Ignore FunMyster Report Abuse k
clpassenubye Champion Author Los Angeles Posts:3,359 Points:750,755 Joined:Mar 2011	Message Posted: Jul 4, 2012 1:51:15 PM Ignore clpassenubye Report Abuse keep defying
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:386,835 Joined:Dec 2011	Message Posted: Jul 4, 2012 1:48:30 PM Ignore GOBUTLER Report Abuse Ok
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Jul 4, 2012 4:36:00 AM Ignore tomok Report Abuse Fuel demand drops/ gas prices go down! Gas prices have lowered a little at the pump but the price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new Low! Supply and Demand does not exist for fuel prices. This must be election year fuel prices, after the election fuel prices will go absurd again!. Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Barry (aka – vampire/ghost hunter) will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's economy is not improving but continues to hurt the population. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
unclemattie Veteran Author Atlanta Posts:289 Points:456,155 Joined:Oct 2011	Message Posted: Jul 3, 2012 11:23:44 PM Ignore unclemattie Report Abuse It finally dropped below $3 in GA.
papa56NC All-Star Author North Carolina Posts:725 Points:142,760 Joined:Apr 2012	Message Posted: Jul 3, 2012 11:13:34 PM Ignore papa56NC Report Abuse Yea I bet
jethro5000 Champion Author Kentucky Posts:1,857 Points:387,235 Joined:Jun 2005	Message Posted: Jul 3, 2012 11:08:59 PM Ignore jethro5000 Report Abuse Gs prices are unpredictable, that's why they defy prediction...
texasvet Champion Author Texas Posts:3,822 Points:359,750 Joined:Jul 2009	Message Posted: Jul 3, 2012 11:01:03 PM Ignore texasvet Report Abuse Goes to show that the experts aren't all that expert. Anybody who thinks they can predict the future is a fool.
mconley1967 All-Star Author Louisville Posts:586 Points:357,230 Joined:Mar 2012	Message Posted: Jul 3, 2012 10:55:26 PM Ignore mconley1967 Report Abuse Ok
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Jul 3, 2012 10:54:51 PM Ignore 96sc1 Report Abuse Gas prices are still about twice as high as before the current administration took office.
sickhp Champion Author San Antonio Posts:1,359 Points:513,130 Joined:Sep 2011	Message Posted: Jul 3, 2012 10:53:27 PM Ignore sickhp Report Abuse Drop is over at the moment, prices went up here 6c today.
pgerassi Champion Author Milwaukee Posts:10,876 Points:2,127,605 Joined:Apr 2007	Message Posted: Jul 3, 2012 10:52:46 PM Ignore pgerassi Report Abuse Keep dropping!
Hewy67 Sophomore Author Grand Rapids Posts:156 Points:442,045 Joined:Apr 2008	Message Posted: Jul 3, 2012 10:51:17 PM Ignore Hewy67 Report Abuse for how long... a week?
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,565 Joined:May 2009	Message Posted: Jul 3, 2012 10:48:44 PM Ignore jdc17327 Report Abuse right!
nigelb Champion Author Virginia Posts:8,437 Points:1,387,755 Joined:Feb 2008	Message Posted: Jul 3, 2012 10:40:01 PM Ignore nigelb Report Abuse No sign of the normal holiday increase here so far.
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:398,600 Joined:Jan 2012	Message Posted: Jul 3, 2012 10:38:37 PM Ignore Shakleelady31 Report Abuse Gas prices were falling nicely here, but then it jumped at least $.30 today. Sure was nice while it lasted.
egd Champion Author Twin Cities Posts:8,077 Points:2,116,250 Joined:Mar 2005	Message Posted: Jul 3, 2012 10:36:43 PM Ignore egd Report Abuse good luck
mookey2012 Rookie Author Georgia Posts:14 Points:6,235 Joined:Apr 2012	Message Posted: Jul 3, 2012 10:34:28 PM Ignore mookey2012 Report Abuse I was glad to find a station with 2.89 per gallon in Opelika, AL while traveling back home Saturday night...:-)
dabbadu Champion Author New York Posts:1,056 Points:657,255 Joined:Feb 2011	Message Posted: Jul 3, 2012 10:33:25 PM Ignore dabbadu Report Abuse All sorts of factors...
SparkieMi Champion Author Kalamazoo Posts:3,239 Points:584,220 Joined:Sep 2011	Message Posted: Jul 3, 2012 10:30:24 PM Ignore SparkieMi Report Abuse Greed will soon return...
Vette1967 Champion Author Albany Posts:5,947 Points:1,272,000 Joined:Jun 2009	Message Posted: Jul 3, 2012 10:30:19 PM Ignore Vette1967 Report Abuse People conserved and the price dropped. Lets keep it going.
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Jul 3, 2012 10:30:14 PM Ignore melvindale Report Abuse Well, business or economic predictions have been wrong. However, when it comes to fuel pricing, a certain measure of pessimism will get a more accurate prediction. So, some of us have been right....
MrLuigi Champion Author Massachusetts Posts:4,753 Points:962,685 Joined:Jun 2005	Message Posted: Jul 3, 2012 10:28:21 PM Ignore MrLuigi Report Abuse so glad they were wrong and it went the other way!
serrog Champion Author Nova Scotia Posts:5,544 Points:1,508,130 Joined:Oct 2008	Message Posted: Jul 3, 2012 10:28:08 PM Ignore serrog Report Abuse Greed will keep the price high
AKmailman Champion Author Alaska Posts:5,612 Points:1,553,565 Joined:Jul 2004	Message Posted: Jul 3, 2012 10:27:01 PM Ignore AKmailman Report Abuse no job, no demand for gas
AcuraTSX Champion Author Ohio Posts:5,472 Points:2,178,130 Joined:Dec 2005	Message Posted: Jul 3, 2012 10:25:41 PM Ignore AcuraTSX Report Abuse Why are the evil speculators aloowing prices to go down? Have they lost control?
abcdMA Champion Author Worcester Posts:7,902 Points:1,570,980 Joined:Nov 2008	Message Posted: Jul 3, 2012 10:24:09 PM Ignore abcdMA Report Abuse demand down-- a sign of a failing economy
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Jul 3, 2012 10:21:41 PM Ignore mstearno Report Abuse went up here just like I predicted. 4th of july gouge
viperND Champion Author South Bend Posts:3,290 Points:731,940 Joined:Apr 2011	Message Posted: Jul 3, 2012 10:21:08 PM Ignore viperND Report Abuse up $0.25 here the other day
txkrb Champion Author Texas Posts:1,551 Points:635,075 Joined:May 2011	Message Posted: Jul 3, 2012 10:20:26 PM Ignore txkrb Report Abuse To rampower -the article is about price of gas decreasing not increasing Read the darn article before posting
rampower80 Champion Author Kentucky Posts:2,024 Points:457,915 Joined:Jan 2012	Message Posted: Jul 3, 2012 10:16:51 PM Ignore rampower80 Report Abuse It is called the Holiday Increase!
bvrbill Champion Author Eugene Posts:3,188 Points:514,625 Joined:Jul 2011	Message Posted: Jul 3, 2012 10:16:44 PM Ignore bvrbill Report Abuse Let's see diesel prices drop, as well.
tco9436 Champion Author Connecticut Posts:1,772 Points:719,175 Joined:Mar 2010	Message Posted: Jul 3, 2012 10:12:41 PM Ignore tco9436 Report Abuse keep going down!
mookey2012 Rookie Author Georgia Posts:14 Points:6,235 Joined:Apr 2012	Message Posted: Jul 3, 2012 10:11:25 PM Ignore mookey2012 Report Abuse It is a blessing to see gas prices going down instead of up.. Answer to my prayers..I continue to pray that they go down even more....We are challenged with high prices all around and most of us have not had a cost of living raise in over four years...
WalkingWV Champion Author West Virginia Posts:3,691 Points:776,795 Joined:May 2008	Message Posted: Jul 3, 2012 10:10:27 PM Ignore WalkingWV Report Abuse Easy to predict. Gas will price will go up more than it drops.
Piniewoods All-Star Author Jacksonville Posts:892 Points:459,215 Joined:Aug 2005	Message Posted: Jul 3, 2012 10:10:11 PM Ignore Piniewoods Report Abuse Well the speculators are trying to run up oil prices again. A little good news on the economy and bang, they shoot it in the other foot.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Jul 3, 2012 10:07:32 PM Ignore iceman11 Report Abuse Ok
my2002m Champion Author Tulsa Posts:6,054 Points:1,666,300 Joined:Jul 2008	Message Posted: Jul 3, 2012 10:05:30 PM Ignore my2002m Report Abuse They are finally headed down. Although at a slow pace.
papagee55 Sophomore Author South Carolina Posts:202 Points:46,670 Joined:Mar 2008	Message Posted: Jul 3, 2012 10:03:53 PM Ignore papagee55 Report Abuse going up sir..
eblair54 Sophomore Author Missouri Posts:143 Points:434,350 Joined:Sep 2011	Message Posted: Jul 3, 2012 10:03:14 PM Ignore eblair54 Report Abuse Let's be thankful for what we have...$3.20 a gallon rather than $5.00 and over per gallon, as it is in some European countries.
nozzle46 Champion Author Little Rock Posts:6,680 Points:1,470,775 Joined:Jul 2006	Message Posted: Jul 3, 2012 10:01:08 PM Ignore nozzle46 Report Abuse When it gets close to $4, usage really falls off.
jcpatriots Champion Author Massachusetts Posts:3,885 Points:596,080 Joined:Sep 2011	Message Posted: Jul 3, 2012 9:59:53 PM Ignore jcpatriots Report Abuse Too bad they're on the way back up very soon. Ugh.
jad1960 Champion Author Gary Posts:1,535 Points:400,625 Joined:Feb 2012	Message Posted: Jul 3, 2012 9:59:37 PM Ignore jad1960 Report Abuse They screwed us this week gas prices went up 40 cents a gallon as oil prices went down.
FlyNFool Champion Author South Carolina Posts:8,219 Points:1,680,975 Joined:Aug 2008	Message Posted: Jul 3, 2012 9:58:50 PM Ignore FlyNFool Report Abuse Wait til Obama care kicks in.
Blue48 Champion Author Illinois Posts:7,285 Points:1,633,945 Joined:Feb 2007	Message Posted: Jul 3, 2012 9:53:51 PM Ignore Blue48 Report Abuse WHAT A SHOCKER!
sillywagon Champion Author New York Posts:14,857 Points:1,436,595 Joined:Oct 2008	Message Posted: Jul 3, 2012 9:46:49 PM Ignore sillywagon Report Abuse I don't know what to say to add to the discussion. My crystal ball broke and is in the shop for repair. Without my crystal ball how will I know what the speculators are going to do?
HelenT Champion Author Buffalo Posts:2,939 Points:594,900 Joined:Apr 2004	Message Posted: Jul 3, 2012 9:46:31 PM Ignore HelenT Report Abuse I've heard that its coming down another 12 cents very soon.
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: Jul 3, 2012 9:44:29 PM Ignore min_fuel Report Abuse No one has jobs, of course the demand will drop. Gov't has spent all the money and are deeply on debt. The can has been kicked down the road and there is it a dead end road.