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Gas Prices Quick to Rise, Slow to Fall

MSNBC -- Earlier this month, it took only a few days for gas prices to jump 50 cents nearly overnight. Two weeks later, prices are falling, but not as steeply as LA motorists had hoped and they want to know what’s taking so long.

Trudy Keck lets her tank hit empty before she returns to the pump.

Mai Vo will try just about anything to find the cheapest gas. She needs to, considering she travels from her home in Pasadena to two jobs – one of them in Orange County.

“I actually go down to OC to fill up because it’s cheaper there,” Vo said.

The average price for a gallon of self-serve regular in the state was $4.514 on Friday. That’s a 13.1-cent drop since last week, when the average price hit $4.645, according to AAA’s Daily Fuel Gauge Report.

A refinery fire in Northern California,

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Submitted Oct 20, 2012 By: aservant

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Radar1992 Champion Author Florida Posts:1,335 Points:312,865 Joined:Dec 2011	Message Posted: Oct 22, 2012 5:34:55 AM Ignore Radar1992 Report Abuse I notice there is no mention of the highest or second highest gas taxes in America boosting prices. Leave it MSNBC to miss the mark that the real reason is the Specific California blends which can only be made in CA and the lack of refining capability.
wamster Champion Author Houston Posts:4,268 Points:696,880 Joined:May 2007	Message Posted: Oct 22, 2012 12:28:16 AM Ignore wamster Report Abuse The oil companies see no reason to decrease as quickly as increase.
lesndave Champion Author Texas Posts:3,052 Points:703,330 Joined:May 2011	Message Posted: Oct 21, 2012 10:06:16 PM Ignore lesndave Report Abuse No kidding
96 Rookie Author Appleton Posts:90 Points:60,000 Joined:Aug 2012	Message Posted: Oct 21, 2012 10:03:33 PM Ignore 96 Report Abuse k
eye-spy Champion Author Quebec Posts:4,598 Points:2,419,795 Joined:Feb 2005	Message Posted: Oct 21, 2012 10:18:47 AM Ignore eye-spy Report Abuse As others have posted, we already know this. Nothing new.
must87searcher Champion Author Maryland Posts:8,996 Points:1,782,605 Joined:Apr 2008	Message Posted: Oct 21, 2012 8:39:57 AM Ignore must87searcher Report Abuse California is a large and highly populated state. With high gas prices, it makes things hard for the drivers & buyers there.
Ltdc Champion Author Long Island Posts:7,225 Points:1,679,820 Joined:Jul 2007	Message Posted: Oct 21, 2012 7:41:41 AM Ignore Ltdc Report Abuse Is there any driver that doesn't know that?
Skimo2012 Rookie Author Cleveland Posts:85 Points:101,610 Joined:Jun 2012	Message Posted: Oct 21, 2012 2:55:29 AM Ignore Skimo2012 Report Abuse That gas price would almost make you get a bike.
ExplorerWA Champion Author Washington Posts:4,093 Points:799,200 Joined:Feb 2011	Message Posted: Oct 20, 2012 9:44:18 PM Ignore ExplorerWA Report Abuse really?
md11capt Champion Author Denver Posts:3,558 Points:711,630 Joined:Mar 2011	Message Posted: Oct 20, 2012 8:23:04 PM Ignore md11capt Report Abuse $4.15 the new low low price.
amerk73 Champion Author Dallas Posts:7,060 Points:1,623,905 Joined:Oct 2008	Message Posted: Oct 20, 2012 8:02:30 PM Ignore amerk73 Report Abuse good need more $1.99
dorisntx Champion Author Fort Worth Posts:2,079 Points:647,355 Joined:Apr 2011	Message Posted: Oct 20, 2012 4:24:26 PM Ignore dorisntx Report Abuse ok
TripleHs Champion Author Austin Posts:3,355 Points:918,840 Joined:Oct 2009	Message Posted: Oct 20, 2012 3:48:09 PM Ignore TripleHs Report Abuse thanks to manipulations
clpassenubye Champion Author Los Angeles Posts:3,359 Points:756,105 Joined:Mar 2011	Message Posted: Oct 20, 2012 12:37:50 PM Ignore clpassenubye Report Abuse always
fuel2use Champion Author Seattle Posts:3,494 Points:734,370 Joined:Dec 2010	Message Posted: Oct 20, 2012 12:11:58 PM Ignore fuel2use Report Abuse No kidding.
200porter Champion Author Toronto Posts:2,075 Points:544,085 Joined:Sep 2011	Message Posted: Oct 20, 2012 9:36:53 AM Ignore 200porter Report Abuse Duh, everyone knows this already.
Shadowwarrior All-Star Author Pennsylvania Posts:928 Points:2,022,335 Joined:Oct 2005	Message Posted: Oct 20, 2012 9:03:57 AM Ignore Shadowwarrior Report Abuse GREED
flyank Veteran Author Miami Posts:358 Points:267,150 Joined:Jun 2009	Message Posted: Oct 20, 2012 8:11:17 AM Ignore flyank Report Abuse It's called thievery.
58salty Champion Author Jacksonville Posts:6,662 Points:632,815 Joined:Aug 2011	Message Posted: Oct 20, 2012 7:18:44 AM Ignore 58salty Report Abuse This is not news
gs7101 Champion Author San Antonio Posts:5,538 Points:389,345 Joined:Jun 2009	Message Posted: Oct 20, 2012 7:16:01 AM Ignore gs7101 Report Abuse Same old story -- gas prices rise quickly, drop slowly!
gs7101 Champion Author San Antonio Posts:5,538 Points:389,345 Joined:Jun 2009	Message Posted: Oct 20, 2012 7:15:16 AM Ignore gs7101 Report Abuse Same old story -- gas prices rise quick, drop slowly!
brbaritone Champion Author Virginia Posts:2,070 Points:1,699,725 Joined:Jan 2007	Message Posted: Oct 20, 2012 7:10:32 AM Ignore brbaritone Report Abuse "The rocket and the feather." This is when gas stations make money - when the wholesale price drops faster than the retail price. Lower pump prices also give consumers more money to spend inside at the convenience store.
BBopp Champion Author Dayton Posts:6,849 Points:1,940,405 Joined:Dec 2006	Message Posted: Oct 20, 2012 7:05:47 AM Ignore BBopp Report Abuse LOl! This has been the situation for as long as I can remember.
blupupher Champion Author Houston Posts:3,561 Points:749,995 Joined:Feb 2011	Message Posted: Oct 20, 2012 6:57:37 AM Ignore blupupher Report Abuse really?
OldMan322 Champion Author Illinois Posts:5,170 Points:1,597,665 Joined:Jul 2008	Message Posted: Oct 20, 2012 6:47:30 AM Ignore OldMan322 Report Abuse Supply and demand, the oil companies have a supply and demand you to pay an arm and a leg to get it
investmentdr Champion Author Cleveland Posts:4,039 Points:1,457,000 Joined:Sep 2008	Message Posted: Oct 20, 2012 6:08:33 AM Ignore investmentdr Report Abuse news?
Palantas All-Star Author Indianapolis Posts:803 Points:415,345 Joined:Sep 2011	Message Posted: Oct 20, 2012 6:05:42 AM Ignore Palantas Report Abuse I have noticed this.
StArrow68 Champion Author Oakland Posts:3,273 Points:1,363,415 Joined:Apr 2003	Message Posted: Oct 20, 2012 5:54:02 AM Ignore StArrow68 Report Abuse The drop seems to be gaining momentum as the Oakland avg is down to $4.39 over night. Still got $.25 to go to get back to last month and another $.30 to get back to last year but any relief helps.
YaBassa Champion Author Michigan Posts:2,440 Points:519,050 Joined:Nov 2011	Message Posted: Oct 20, 2012 5:53:12 AM Ignore YaBassa Report Abuse Big Oil and its dealers wringing ever dime out of our pockets
WalRus49 Champion Author Boston Posts:4,085 Points:870,815 Joined:Nov 2010	Message Posted: Oct 20, 2012 5:51:10 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage.......................
SUNOIL Champion Author Toledo Posts:5,255 Points:1,927,955 Joined:Jul 2007	Message Posted: Oct 20, 2012 5:49:45 AM Ignore SUNOIL Report Abuse Always been that way
MImusicman Champion Author Michigan Posts:1,888 Points:410,600 Joined:Mar 2012	Message Posted: Oct 20, 2012 5:35:35 AM Ignore MImusicman Report Abuse Tell something I don't know
MN1 Champion Author Twin Cities Posts:3,374 Points:653,515 Joined:Jun 2011	Message Posted: Oct 20, 2012 5:09:35 AM Ignore MN1 Report Abuse Nothing new.
Joeski1 Champion Author New Jersey Posts:10,017 Points:1,744,760 Joined:Dec 2004	Message Posted: Oct 20, 2012 4:47:26 AM Ignore Joeski1 Report Abuse Im gonna burn 20 gallons this weekend.....
SkooterG Champion Author Phoenix Posts:1,359 Points:329,335 Joined:May 2012	Message Posted: Oct 20, 2012 4:39:25 AM Ignore SkooterG Report Abuse This sucks.
AvantiMick Champion Author Indiana Posts:12,756 Points:2,545,450 Joined:Dec 2005	Message Posted: Oct 20, 2012 4:34:53 AM Ignore AvantiMick Report Abuse That's the way is always is.
AnObserver Champion Author New Jersey Posts:8,369 Points:2,260,705 Joined:Sep 2005	Message Posted: Oct 20, 2012 4:34:26 AM Ignore AnObserver Report Abuse We shouldn't judge all gas prices by California
padlocks2 Champion Author Virginia Posts:3,062 Points:621,880 Joined:Aug 2006	Message Posted: Oct 20, 2012 4:34:21 AM Ignore padlocks2 Report Abuse nothing new here
neptune2008 Champion Author Michigan Posts:8,588 Points:1,672,650 Joined:Aug 2008	Message Posted: Oct 20, 2012 4:31:55 AM Ignore neptune2008 Report Abuse no real NEWS...
Foxt Champion Author Minnesota Posts:5,275 Points:2,023,255 Joined:Jul 2006	Message Posted: Oct 20, 2012 4:29:11 AM Ignore Foxt Report Abuse Quarter up, penny down. What's new?
pepinoNC Champion Author Raleigh Posts:2,164 Points:660,740 Joined:May 2011	Message Posted: Oct 20, 2012 4:27:25 AM Ignore pepinoNC Report Abuse We are down 22 cents from one month ago.
UseLessGasFolks Champion Author Iowa Posts:5,459 Points:1,298,735 Joined:Jul 2007	Message Posted: Oct 20, 2012 4:26:10 AM Ignore UseLessGasFolks Report Abuse Also grass is green and the sky is blue...
wkb03 Champion Author Georgia Posts:1,975 Points:595,975 Joined:Aug 2011	Message Posted: Oct 20, 2012 4:26:00 AM Ignore wkb03 Report Abuse ok
nb52 Champion Author Grand Rapids Posts:7,795 Points:1,549,775 Joined:Nov 2008	Message Posted: Oct 20, 2012 4:23:51 AM Ignore nb52 Report Abuse Been going on for a long time.
BEngr Champion Author Illinois Posts:6,727 Points:1,582,940 Joined:May 2008	Message Posted: Oct 20, 2012 4:19:52 AM Ignore BEngr Report Abuse That has been happening for a long time. When gas prices jump 20 to 30 cents in one day and then goes down by 1 to 2 cents over a two week period, that results in a higher average price. That simply means the gas stations make more money.
yankeeriffraff Veteran Author Phoenix Posts:386 Points:223,000 Joined:Aug 2012	Message Posted: Oct 20, 2012 4:19:04 AM Ignore yankeeriffraff Report Abuse too true
mazdaboy Champion Author Portland Posts:7,898 Points:2,100,205 Joined:Aug 2003	Message Posted: Oct 20, 2012 4:16:21 AM Ignore mazdaboy Report Abuse Prices are finally headed down here.
BIGOILEATURCRUD Champion Author North Carolina Posts:5,792 Points:1,381,425 Joined:Nov 2008	Message Posted: Oct 20, 2012 4:15:35 AM Ignore BIGOILEATURCRUD Report Abuse Don't want the falling prices to cause the economy to collapse.
MyRedSky Champion Author Orlando Posts:3,145 Points:1,116,295 Joined:Jul 2008	Message Posted: Oct 20, 2012 4:14:16 AM Ignore MyRedSky Report Abuse duh
wally52 Champion Author Little Rock Posts:27,490 Points:817,435 Joined:Jan 2011	Message Posted: Oct 20, 2012 4:13:32 AM Ignore wally52 Report Abuse That's always been the issue. So why does it happen like that?