• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 2 hours Shale Oil will it self destruct?
  • 8 hours NYT: Mass Immigration Roundups in U.S. to Start Sunday
  • 3 hours White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 20 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 12 hours South Korea imports No Oil From Iran in June - First-Half Imports Fall 37%
  • 19 hours U.S.- Taiwan: China Says Will Freeze Out U.S. Companies That Sell Arms To Taiwan
  • 5 hours Germany exits coal: A model for Asia?
  • 1 hour Migration From Eastern Europe Raises German Population To Record High
  • 7 hours Starlink Internet Courtesy of Tesla
  • 32 mins Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 2 days Oil Price Could Fall To $30 If Global Deal Not Extended
  • 2 days Rising air pollution and green house effect
  • 11 hours A Silence is heard

Gasoline Prices Set to Fall across the US

From Reuters: Average U.S. retail gas prices drop 8 cents in two weeks: survey

Gasoline prices averaged $3.7529 per gallon on October 19, down from $3.8375 on October 5, Trilby Lundberg, editor of the Lundberg Survey, said.
...
Lundberg said further declines in retail gas prices are expected if the cost of crude oil does not rise substantially. She added that in California, gasoline prices could have a "dramatic crash" after refinery problems caused a spike two weeks ago.

Those of us in California are still waiting for the "dramatic crash"! We are still paying well over $4 per gallon because of the recent refinery issues (I filled up Friday and paid $4.50 per gallon, but it looks like prices have fallen further over the last 2 days).

Click here to read the full article.



Join the discussion | Back to homepage

Leave a comment
  • MrColdWaterOfRealityMan on October 23 2012 said:
    Yes, prices will fall. Temporarily.

    Net energy continues to decline. The aggregate lower net energy of the world's remaining oil guarantees higher prices down the road as we run faster, and faster (i.e. try and pump more and more expensive, low energy return oil), just to stay in place.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play