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Don't get used to low gas prices, experts say

Journal Sentinel -- Gassing up has been a bit less painful lately, thanks to booming petroleum production in the U.S. and lower demand.

But with the "fiscal cliff" mostly straightened out, some forecasts are calling for gasoline prices to begin rising again and to probably hit three and a half bucks later this year as the economy continues to recover and folks put more miles on their vehicles.

On Wednesday the average price for a gallon of regular was $3.18 in Milwaukee and $3.21 statewide, according to AAA Wisconsin. That's 17 cents cheaper than a month ago.

Industry analysts are not anticipating pump prices to drop any lower but instead begin to steadily increase.

So motorists expecting fuel prices to dip below $3 will likely be disappointed. The last time Wisconsin drivers paid less than $3 at the pump

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Submitted Jan 03, 2013 By: angel4me

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 5, 2013 4:45:10 AM Ignore honda0105 Report Abuse prices have already been going up here for a while...
sarasotasingle Sophomore Author Sarasota Posts:243 Points:257,540 Joined:Jun 2012	Message Posted: Jan 5, 2013 1:04:05 AM Ignore sarasotasingle Report Abuse I can only hope for $3 in Fl
mckellyb Champion Author Fort Worth Posts:12,578 Points:2,277,380 Joined:Sep 2005	Message Posted: Jan 4, 2013 12:04:56 PM Ignore mckellyb Report Abuse Exactly, remay!!!
blupupher Champion Author Houston Posts:3,695 Points:776,495 Joined:Feb 2011	Message Posted: Jan 4, 2013 9:53:44 AM Ignore blupupher Report Abuse I saw below $3 for a few days and it is going up now.
rabbit_tdi Sophomore Author North Carolina Posts:135 Points:504,920 Joined:Sep 2005	Message Posted: Jan 4, 2013 9:26:04 AM Ignore rabbit_tdi Report Abuse For those people which are SURE the price of gasoline at the end of 2013 will be MUCH higher than it is now, but you do not have any reasonable place to store a year's supply of gasoline: I have heard there exists an ETF named UGA. If instead you are interested in diesel fuel or heating oil: UHN. [Note: all the normal costs and warnings and considerations regarding an ETF apply.]
dave27johnson Champion Author Chicago Posts:1,823 Points:433,195 Joined:Feb 2012	Message Posted: Jan 4, 2013 7:29:55 AM Ignore dave27johnson Report Abuse Tell me when they're low.
remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Jan 4, 2013 6:22:26 AM Ignore remay Report Abuse I knew it! The media wants to brainwash us into feeling $3+ is "low"...
tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Jan 4, 2013 3:10:05 AM Ignore tomok Report Abuse Don't get used to low gas prices, experts say? I have Not seen low gas prices at the pump for a very long time. Gas prices just squeeked below $3/gal (Costco 2.98 for one day and $2.99 after that) but gas prices are up and will be going up more. The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! Higher fuel prices, the more this economy will be in stress and fail to recover very much. More Refineries are Not the answer, Stop exporting fuel is! 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 greedy benefit. 'Coming out of the Closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! Thanks to the Mindless Sheep that voted this bozo back in office. Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII! - The Day After......
SHEP20715 Champion Author Maryland Posts:8,617 Points:1,743,030 Joined:Nov 2007	Message Posted: Jan 4, 2013 2:02:57 AM Ignore SHEP20715 Report Abuse When did I have a chance to get used to low gas prices?
FuelishGuy All-Star Author Edmonton Posts:823 Points:951,730 Joined:Oct 2008	Message Posted: Jan 4, 2013 12:47:00 AM Ignore FuelishGuy Report Abuse I'm used to high prices... every now and then I get a break, then it's back to my expectations.
Zonk Champion Author Michigan Posts:6,626 Points:2,130,690 Joined:Oct 2005	Message Posted: Jan 4, 2013 12:23:24 AM Ignore Zonk Report Abuse I don't think gas in the mid-west will drop below the $3.00/gallon level during 2013.
naspa Champion Author Cleveland Posts:1,417 Points:379,850 Joined:Jan 2012	Message Posted: Jan 4, 2013 12:17:12 AM Ignore naspa Report Abuse Oh mine! I even told my grandma the gas prices wil stay low! Now what?
mfeldstein Champion Author Ottawa Posts:8,306 Points:1,957,205 Joined:Feb 2007	Message Posted: Jan 4, 2013 12:11:05 AM Ignore mfeldstein Report Abuse They are addictive though.
mamabeck Champion Author Florida Posts:1,724 Points:385,385 Joined:Jan 2012	Message Posted: Jan 4, 2013 12:10:47 AM Ignore mamabeck Report Abuse All we can do is wait to see what happens. Often, too ma ny journalists & TV news media speculate & predict based on what? ????? It becomes a competition to see who creates the most panic the quickest.
boatfloyd Champion Author Jacksonville Posts:1,863 Points:416,650 Joined:Mar 2012	Message Posted: Jan 4, 2013 12:10:30 AM Ignore boatfloyd Report Abuse Thank You :(
wshokie12 Champion Author Winston-Salem Posts:1,460 Points:244,260 Joined:Aug 2012	Message Posted: Jan 4, 2013 12:07:41 AM Ignore wshokie12 Report Abuse Anyone out there refer to current prices as "low"?
Jmac2008 Champion Author Missouri Posts:2,416 Points:908,840 Joined:Dec 2008	Message Posted: Jan 4, 2013 12:05:43 AM Ignore Jmac2008 Report Abuse they have not been low for at least 15 years.
regasaz Champion Author Phoenix Posts:5,779 Points:1,300,785 Joined:Dec 2006	Message Posted: Jan 4, 2013 12:05:03 AM Ignore regasaz Report Abuse What low prices? Diesel is nearly $1.00 a gallon more than regular gasoline. Earlier this year diesel was 10 to 15 cents a gallon lower than regular gas, so who is the head manipulator?
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Jan 4, 2013 12:04:59 AM Ignore cheaper0ON Report Abuse Do not care.
Ferdman17 Champion Author Albany Posts:1,425 Points:402,010 Joined:Feb 2012	Message Posted: Jan 4, 2013 12:04:57 AM Ignore Ferdman17 Report Abuse Good while it lasted.
RichWLIN Champion Author Indiana Posts:4,250 Points:666,565 Joined:Jun 2011	Message Posted: Jan 4, 2013 12:04:41 AM Ignore RichWLIN Report Abuse The experts likely all have a vested interest in an increase and are not so subliminally promoting it.
CDMAuto Champion Author Connecticut Posts:3,932 Points:781,555 Joined:Apr 2011	Message Posted: Jan 4, 2013 12:04:33 AM Ignore CDMAuto Report Abuse This is so true All ready starting to go up here
cifuentesab All-Star Author Stockton Posts:795 Points:533,830 Joined:Jul 2011	Message Posted: Jan 4, 2013 12:03:53 AM Ignore cifuentesab Report Abuse not low at all
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Jan 4, 2013 12:03:28 AM Ignore joel27nc Report Abuse Been going up here!
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Jan 4, 2013 12:02:50 AM Ignore PrinceLH Report Abuse Hard to get used to something that does not exist.
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Jan 4, 2013 12:02:39 AM Ignore rahcat Report Abuse We are getting gouged and hosed every day.
N5EXY Champion Author Austin Posts:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Jan 4, 2013 12:01:46 AM Ignore N5EXY Report Abuse Where are these low prices?
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Jan 3, 2013 11:59:48 PM Ignore skybiker Report Abuse Speculators!!
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Jan 3, 2013 11:59:00 PM Ignore Chris46 Report Abuse Who is used to it?
Nicoalbum Champion Author Ottawa Posts:6,169 Points:1,216,725 Joined:Jan 2010	Message Posted: Jan 3, 2013 11:54:20 PM Ignore Nicoalbum Report Abuse Ok then
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,388,420 Joined:Oct 2005	Message Posted: Jan 3, 2013 11:49:38 PM Ignore Buddy2264 Report Abuse Already gone up here about $.21 at some stations.
WIWalt Champion Author Wisconsin Posts:1,857 Points:442,190 Joined:Mar 2012	Message Posted: Jan 3, 2013 11:48:08 PM Ignore WIWalt Report Abuse Knew it would not last!
Prodaddy Champion Author Houston Posts:8,521 Points:1,922,885 Joined:May 2007	Message Posted: Jan 3, 2013 11:45:11 PM Ignore Prodaddy Report Abuse Low prices would be less than $ 75 cents a gallon, any more and we are getting " gouged "
J Eric Champion Author Los Angeles Posts:10,393 Points:2,094,855 Joined:Feb 2004	Message Posted: Jan 3, 2013 11:44:00 PM Ignore J Eric Report Abuse "Low prices" to me mean 49.9 cents per gallon, the way it was in 1973. So, I haven't seen any "low prices" lately to get used to.
Godozo All-Star Author Gary Posts:723 Points:582,340 Joined:Dec 2010	Message Posted: Jan 3, 2013 11:43:22 PM Ignore Godozo Report Abuse When my job includes the WHOLE of northern Lake County in Indiana, then I'll get used to low prices (Gas price increases were part of the reason we cut off everything east of I-65 off of our service area). But to be honest, I see no reason to do anything but expect slowly but steadily rising overall prices. It's been this way since the end years of the CLINTON administration, when I saw 77 cent a gallon gas just off the expressway – the prices at the end of 2008 were precipitous drop-offs from the Summer prices (this website has a graphing program onsite that allows you to graph prices; you'll see prices hit a high in Summer 2008 and collapse in time for the 2008 election).
Gassed01 Champion Author Toronto Posts:6,485 Points:1,827,340 Joined:Jan 2006	Message Posted: Jan 3, 2013 11:39:06 PM Ignore Gassed01 Report Abuse They're going up here.
drz614 Champion Author Harrisburg Posts:2,444 Points:626,295 Joined:Aug 2011	Message Posted: Jan 3, 2013 11:36:55 PM Ignore drz614 Report Abuse this article shows how out of touch reporters truly are. the fiscal cliff straightened out? lol. i bet they believe the only tax hikes will b 4 people 'earning' > 400k. look at ur next paycheck folks.
SavALot Champion Author Virginia Beach Posts:8,623 Points:1,739,410 Joined:Apr 2005	Message Posted: Jan 3, 2013 11:35:59 PM Ignore SavALot Report Abuse how about cutting us a break???
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Jan 3, 2013 11:31:31 PM Ignore PissedATthePump Report Abuse And if we DON'T consume more here in the U.S. to justify a price increase then "Chinese demand" will be the excuse, or a refinery fire, or bad weather, or...
charg3rguy1991 All-Star Author Greensboro Posts:867 Points:269,035 Joined:Sep 2012	Message Posted: Jan 3, 2013 11:30:50 PM Ignore charg3rguy1991 Report Abuse How can I get used to it being low when it just shot up 40¢ this week? [Edited by: charg3rguy1991 at 1/3/2013 11:32:06 PM EST]
L2J Champion Author Texas Posts:16,243 Points:3,045,000 Joined:Sep 2004	Message Posted: Jan 3, 2013 11:29:33 PM Ignore L2J Report Abuse I don't believe your definition of low is appropriate...try your lens at a wider angle...
milespergallon Champion Author Illinois Posts:9,890 Points:1,937,035 Joined:Feb 2007	Message Posted: Jan 3, 2013 11:27:58 PM Ignore milespergallon Report Abuse Gas has NOT been low since the current administration started destroying OUR country
bevmill Champion Author Georgia Posts:2,721 Points:628,225 Joined:Apr 2006	Message Posted: Jan 3, 2013 11:26:54 PM Ignore bevmill Report Abuse Who can get use to low gas prices. The price goes up 10 cents a gallon in two days its down by 2 cents and then back up. What gives?
sarasotasingle Sophomore Author Sarasota Posts:243 Points:257,540 Joined:Jun 2012	Message Posted: Jan 3, 2013 11:23:51 PM Ignore sarasotasingle Report Abuse GAS IS NOT LOW, Keeps going up
SpankyMI Champion Author Kalamazoo Posts:2,836 Points:785,590 Joined:Jan 2011	Message Posted: Jan 3, 2013 11:23:23 PM Ignore SpankyMI Report Abuse No doubt about it!
Yonkers111 Champion Author Scranton Posts:8,342 Points:859,135 Joined:Apr 2007	Message Posted: Jan 3, 2013 11:23:16 PM Ignore Yonkers111 Report Abuse As long as it is available, 24/7.
nwsynthetics Champion Author Oregon Posts:1,019 Points:354,400 Joined:Dec 2011	Message Posted: Jan 3, 2013 11:20:08 PM Ignore nwsynthetics Report Abuse I dont get use to anything. Gas was low, now back up....blah.blad.bald. Its just going to get worse
gasmack Champion Author Ventura Posts:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Jan 3, 2013 11:19:31 PM Ignore gasmack Report Abuse I'll take what I can while I can.
carloco75 Champion Author Richmond Posts:3,854 Points:628,695 Joined:Oct 2010	Message Posted: Jan 3, 2013 11:19:20 PM Ignore carloco75 Report Abuse Bllllaaaahhh
FlogNut Champion Author Chicago Posts:104,865 Points:2,016,350 Joined:Oct 2007	Message Posted: Jan 3, 2013 11:19:15 PM Ignore FlogNut Report Abuse Enjoy the low prices while they last. Those who helped reelect PrezBO want our gas and energy prices to 'skyrocket.'