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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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 12, 2012 6:00:22 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:1,124 Points:293,545 Joined:Apr 2011	Message Posted: Dec 11, 2012 10:46:53 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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 11, 2012 5:57:28 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 All-Star Author Washington Posts:944 Points:480,045 Joined:Feb 2008	Message Posted: Dec 10, 2012 8:11:38 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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 9, 2012 7:56:59 AM Ignore honda0105 Report Abuse Donatelo: the last word is yours :)
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 9, 2012 7:53:14 AM Ignore honda0105 Report Abuse Donatelo: the last word is yours :)
Donatelo Champion Author Dayton Posts:1,124 Points:293,545 Joined:Apr 2011	Message Posted: Dec 8, 2012 11:48:40 AM Ignore Donatelo Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 8, 2012 5:32:55 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:9,346 Points:693,480 Joined:Sep 2003	Message Posted: Dec 7, 2012 11:25:33 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:3,654 Points:188,000 Joined:Oct 2012	Message Posted: Dec 7, 2012 9:29:12 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:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 7, 2012 5:40:51 AM Ignore honda0105 Report Abuse diesel has gone up at some stations.
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Dec 6, 2012 7:17:52 PM Ignore clpassenubye Report Abuse this is a very slow descent I hope 2013 brings a much faster descent.
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Dec 6, 2012 6:01:23 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:684 Points:308,885 Joined:Sep 2008	Message Posted: Dec 5, 2012 1:36:17 PM Ignore mfgendron Report Abuse Not low enough for me.
DanMtz Champion Author Oakland Posts:3,355 Points:1,243,325 Joined:Oct 2009	Message Posted: Dec 4, 2012 7:57:31 PM Ignore DanMtz Report Abuse Until there are more "unfortunate incidents" at a few refineries?
gasokie Champion Author Oklahoma Posts:3,448 Points:1,326,225 Joined:May 2007	Message Posted: Dec 4, 2012 1:58:50 PM Ignore gasokie Report Abuse To about $2.50? gal.?
datsundriver Champion Author Houston Posts:6,788 Points:807,035 Joined:Feb 2008	Message Posted: Dec 4, 2012 1:20:43 PM 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:380,665 Joined:Jan 2012	Message Posted: Dec 4, 2012 12:30:26 PM Ignore garywa01 Report Abuse $1.05 liter here in Red Deer
NanookAK Champion Author Anchorage Posts:7,259 Points:1,441,990 Joined:Nov 2007	Message Posted: Dec 4, 2012 11:52:42 AM Ignore NanookAK Report Abuse Is it decent?
JacksonLittle Champion Author Wyoming Posts:1,244 Points:124,850 Joined:Oct 2012	Message Posted: Dec 4, 2012 5:04:31 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:1,550 Points:1,999,070 Joined:Mar 2004	Message Posted: Dec 4, 2012 5:04:18 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:8,370 Points:1,556,790 Joined:Dec 2008	Message Posted: Dec 4, 2012 5:00:43 AM Ignore hybridaholic Report Abuse Greed still rules.
wkb03 Champion Author Georgia Posts:1,965 Points:594,025 Joined:Aug 2011	Message Posted: Dec 4, 2012 4:59:13 AM Ignore wkb03 Report Abuse Still waiting for it to happen here.....
Bonanza Champion Author Boston Posts:12,093 Points:2,551,980 Joined:Jun 2004	Message Posted: Dec 4, 2012 4:58:23 AM Ignore Bonanza Report Abuse Yesterday's news
DJRIO Champion Author Miami Posts:8,051 Points:1,426,560 Joined:Jan 2008	Message Posted: Dec 4, 2012 4:58:06 AM Ignore DJRIO Report Abuse we are using less oil every day. because people are buying better mpg cars.
cheapertvs Champion Author Richmond Posts:10,290 Points:2,742,695 Joined:Jan 2004	Message Posted: Dec 4, 2012 4:57:43 AM Ignore cheapertvs Report Abuse The price at the pump is not moving down here.
TravelinMan52 Champion Author Augusta Posts:1,930 Points:963,870 Joined:May 2008	Message Posted: Dec 4, 2012 4:56:51 AM Ignore TravelinMan52 Report Abuse Most places are steady here. A descent would be a welcome sign...
OriginalBudman Champion Author Barrie Posts:11,081 Points:2,250,330 Joined:Apr 2006	Message Posted: Dec 4, 2012 4:52:28 AM Ignore OriginalBudman Report Abuse There's no descent here.
74celica Champion Author Columbus Posts:1,435 Points:1,810,675 Joined:May 2006	Message Posted: Dec 4, 2012 4:52:09 AM Ignore 74celica Report Abuse waiting for the next excuse to raise prices
Quick68 Champion Author Columbus Posts:8,228 Points:1,226,775 Joined:Dec 2009	Message Posted: Dec 4, 2012 4:50:50 AM Ignore Quick68 Report Abuse Until the lawmakers run out of fun money.
Royski All-Star Author Los Angeles Posts:894 Points:182,775 Joined:Oct 2006	Message Posted: Dec 4, 2012 4:50:25 AM Ignore Royski Report Abuse Good news, but old story.
SOLONGCOLD Champion Author Ann Arbor Posts:1,110 Points:271,325 Joined:Nov 2010	Message Posted: Dec 4, 2012 4:48:49 AM Ignore SOLONGCOLD Report Abuse uh huh ...
gabbygusIN Champion Author Indiana Posts:7,241 Points:1,560,850 Joined:Oct 2008	Message Posted: Dec 4, 2012 4:44:33 AM Ignore gabbygusIN Report Abuse Prices here holding steady at $3.399
humblepie Champion Author Toledo Posts:34,259 Points:2,372,345 Joined:Mar 2006	Message Posted: Dec 4, 2012 4:42:22 AM Ignore humblepie Report Abuse lulling some to sleep
silverfox63 Champion Author Michigan Posts:8,125 Points:1,612,690 Joined:Oct 2008	Message Posted: Dec 4, 2012 4:38:49 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:1,529 Points:633,360 Joined:Mar 2011	Message Posted: Dec 4, 2012 4:38:45 AM Ignore Glock26 Report Abuse Till obama starts screwing with it!!!
BigDogOH Champion Author Cincinnati Posts:8,508 Points:1,808,795 Joined:Mar 2008	Message Posted: Dec 4, 2012 4:36:39 AM Ignore BigDogOH Report Abuse First of year,obummers 4 new taxes
NotTom Champion Author New Hampshire Posts:5,356 Points:1,386,790 Joined:Aug 2005	Message Posted: Dec 4, 2012 4:35:29 AM Ignore NotTom Report Abuse but not Diesel and home heating oil...
jci25946 Champion Author Tampa Posts:3,271 Points:940,765 Joined:Jan 2006	Message Posted: Dec 4, 2012 4:27:14 AM Ignore jci25946 Report Abuse Keep dropping, very long drive for Christmas visit with relatives.
kbierley Champion Author Dayton Posts:10,730 Points:1,415,690 Joined:Nov 2003	Message Posted: Dec 4, 2012 4:27:04 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:8,735 Points:1,860,240 Joined:Apr 2007	Message Posted: Dec 4, 2012 4:24:35 AM Ignore SBlouch Report Abuse Prices stayed the sane all weekend and today.
Rick52 Champion Author Milwaukee Posts:12,036 Points:1,199,620 Joined:Mar 2005	Message Posted: Dec 4, 2012 4:23:44 AM Ignore Rick52 Report Abuse Better keep going down if they want they economy to get moving..
prkuehn Champion Author Arkansas Posts:2,956 Points:616,875 Joined:Aug 2011	Message Posted: Dec 4, 2012 4:22:05 AM Ignore prkuehn Report Abuse Mighty stupid article.
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Dec 4, 2012 4:17:58 AM Ignore SparkieMi Report Abuse This will last until GREED steps in.....
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Dec 4, 2012 4:17:34 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:319 Points:391,160 Joined:Aug 2011	Message Posted: Dec 4, 2012 4:16:51 AM Ignore rwe930 Report Abuse down baby down
Beau2140 Champion Author New York Posts:8,301 Points:1,658,135 Joined:Oct 2008	Message Posted: Dec 4, 2012 4:15:44 AM Ignore Beau2140 Report Abuse Not long enough.
mcmonsta Champion Author Honolulu Posts:3,232 Points:819,520 Joined:Sep 2009	Message Posted: Dec 4, 2012 4:13:29 AM Ignore mcmonsta Report Abuse Xmas wish...hope it comes thru
R209 Champion Author California Posts:6,591 Points:241,595 Joined:Jul 2012	Message Posted: Dec 4, 2012 4:12:47 AM Ignore R209 Report Abuse Blah, blah, blah...
Hi1 Champion Author Ontario Posts:4,860 Points:1,725,585 Joined:Jun 2007	Message Posted: Dec 4, 2012 4:12:32 AM Ignore Hi1 Report Abuse Old news.