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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Don't get used to low gas prices, experts say Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 5, 2013 1:45:10 AM

prices have already been going up here for a while...
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sarasotasingle
Champion Author Sarasota

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Message Posted: Jan 4, 2013 10:04:05 PM

I can only hope for $3 in Fl
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mckellyb
Champion Author Fort Worth

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Message Posted: Jan 4, 2013 9:04:56 AM

Exactly, remay!!!
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blupupher
Champion Author Houston

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Message Posted: Jan 4, 2013 6:53:44 AM

I saw below $3 for a few days and it is going up now.
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rabbit_tdi
Sophomore Author North Carolina

Posts:138
Points:551,880
Joined:Sep 2005
Message Posted: Jan 4, 2013 6:26:04 AM

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.]
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dave27johnson
Champion Author Chicago

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Message Posted: Jan 4, 2013 4:29:55 AM

Tell me when they're low.
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remay
Champion Author Houston

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Message Posted: Jan 4, 2013 3:22:26 AM

I knew it! The media wants to brainwash us into feeling $3+ is "low"...
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tomok
Champion Author Portland

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Message Posted: Jan 4, 2013 12:10:05 AM

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......
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SHEP20715
Champion Author Maryland

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Message Posted: Jan 3, 2013 11:02:57 PM

When did I have a chance to get used to low gas prices?
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FuelishGuy
Champion Author Edmonton

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Message Posted: Jan 3, 2013 9:47:00 PM

I'm used to high prices... every now and then I get a break, then it's back to my expectations.
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Zonk
Champion Author Michigan

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Message Posted: Jan 3, 2013 9:23:24 PM

I don't think gas in the mid-west will drop below the $3.00/gallon level during 2013.
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naspa
Champion Author Cleveland

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Message Posted: Jan 3, 2013 9:17:12 PM

Oh mine! I even told my grandma the gas prices wil stay low! Now what?
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mfeldstein
Champion Author Ottawa

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Message Posted: Jan 3, 2013 9:11:05 PM

They are addictive though.
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mamabeck
Champion Author Florida

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Message Posted: Jan 3, 2013 9:10:47 PM

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.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jan 3, 2013 9:10:30 PM

Thank You :(
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wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 3, 2013 9:07:41 PM

Anyone out there refer to current prices as "low"?
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Jmac2008
Champion Author Missouri

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Message Posted: Jan 3, 2013 9:05:43 PM

they have not been low for at least 15 years.
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regasaz
Champion Author Phoenix

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Message Posted: Jan 3, 2013 9:05:03 PM

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?
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cheaper0ON
Champion Author Ontario

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Message Posted: Jan 3, 2013 9:04:59 PM

Do not care.
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Ferdman17
Champion Author Albany

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Message Posted: Jan 3, 2013 9:04:57 PM

Good while it lasted.
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RichWLIN
Champion Author Indiana

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Message Posted: Jan 3, 2013 9:04:41 PM

The experts likely all have a vested interest in an increase and are not so subliminally promoting it.
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CDMAuto
Champion Author Connecticut

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Message Posted: Jan 3, 2013 9:04:33 PM

This is so true All ready starting to go up here
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cifuentesab
Champion Author Sacramento

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Message Posted: Jan 3, 2013 9:03:53 PM

not low at all
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joel27nc
Champion Author Raleigh

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Message Posted: Jan 3, 2013 9:03:28 PM

Been going up here!
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 3, 2013 9:02:50 PM

Hard to get used to something that does not exist.
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rahcat
Champion Author Grand Rapids

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Message Posted: Jan 3, 2013 9:02:39 PM

We are getting gouged and hosed every day.
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N5EXY
Champion Author Austin

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Message Posted: Jan 3, 2013 9:01:46 PM

Where are these low prices?
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skybiker
Champion Author South Carolina

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Message Posted: Jan 3, 2013 8:59:48 PM

Speculators!!
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Chris46
Champion Author Dayton

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Message Posted: Jan 3, 2013 8:59:00 PM

Who is used to it?
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 3, 2013 8:54:20 PM

Ok then
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Buddy2264
Champion Author Tampa

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Message Posted: Jan 3, 2013 8:49:38 PM

Already gone up here about $.21 at some stations.
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WIWalt
Champion Author Wisconsin

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Message Posted: Jan 3, 2013 8:48:08 PM

Knew it would not last!
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Prodaddy
Champion Author Houston

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Message Posted: Jan 3, 2013 8:45:11 PM

Low prices would be less than $ 75 cents a gallon, any more and we are getting " gouged "
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J Eric
Champion Author Los Angeles

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Message Posted: Jan 3, 2013 8:44:00 PM

"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.
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Godozo
Champion Author Gary

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Message Posted: Jan 3, 2013 8:43:22 PM

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).
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Gassed01
Champion Author Toronto

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Message Posted: Jan 3, 2013 8:39:06 PM

They're going up here.
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drz614
Champion Author Harrisburg

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Message Posted: Jan 3, 2013 8:36:55 PM

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.
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SavALot
Champion Author Virginia Beach

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Message Posted: Jan 3, 2013 8:35:59 PM

how about cutting us a break???
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Jan 3, 2013 8:31:31 PM

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...
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charg3rguy1991
Champion Author Greensboro

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Message Posted: Jan 3, 2013 8:30:50 PM

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]
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L2J
Champion Author Texas

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Message Posted: Jan 3, 2013 8:29:33 PM


I don't believe your definition of low is appropriate...try your lens at a wider angle...
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milespergallon
Champion Author Illinois

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Message Posted: Jan 3, 2013 8:27:58 PM

Gas has NOT been low since the current administration started destroying OUR country
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bevmill
Champion Author Georgia

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Message Posted: Jan 3, 2013 8:26:54 PM

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?
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sarasotasingle
Champion Author Sarasota

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Message Posted: Jan 3, 2013 8:23:51 PM

GAS IS NOT LOW, Keeps going up
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Jan 3, 2013 8:23:23 PM

No doubt about it!
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Yonkers111
Champion Author Scranton

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Message Posted: Jan 3, 2013 8:23:16 PM

As long as it is available, 24/7.
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nwsynthetics
Champion Author Oregon

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Message Posted: Jan 3, 2013 8:20:08 PM

I dont get use to anything. Gas was low, now back up....blah.blad.bald. Its just going to get worse
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gasmack
Champion Author Ventura

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Message Posted: Jan 3, 2013 8:19:31 PM

I'll take what I can while I can.
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carloco75
Champion Author Richmond

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Message Posted: Jan 3, 2013 8:19:20 PM

Bllllaaaahhh
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FlogNut
Champion Author Chicago

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Message Posted: Jan 3, 2013 8:19:15 PM

Enjoy the low prices while they last. Those who helped reelect PrezBO want our gas and energy prices to 'skyrocket.'
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