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Gas prices should level in August after July wildness

Fuel Fix -- Gasoline prices might have seemed a bit out of whack this month.

After three months of monthly declines, gasoline prices rose 17 cents a gallon in July, marking the largest monthly rise in July over the past dozen years, according to AAA gas gauge.

Houston gasoline prices remained steady over the past week at $3.35 a gallon. Over the past month though, Houston drivers are paying nearly 20 cents more as gasoline rose with the steady rise of crude oil prices.

Nationally, unleaded gasoline rose 4 cents to $3.52 for the week, and Texans saw price stay steady at $3.35.

“Higher global oil prices and increased demand for gasoline during the busy summer driving season were the primary factors that sent pump prices higher in July,” said Avery Ash, AAA spokesperson.

Gasoline has struggled throu


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Submitted Aug 02, 2012 By: leemun
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REPLIES (newest first)
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DesertRat2011
Champion Author Riverside

Posts:3,597
Points:481,805
Joined:Jun 2011
Message Posted: Aug 14, 2012 7:00:29 AM

Sure shows how wrong predicting gas prices can be.
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honda0105
Champion Author Tallahassee

Posts:18,580
Points:1,605,520
Joined:Nov 2008
Message Posted: Aug 6, 2012 3:00:11 AM

prices always go up, fall a tad, rise high. Pig Oil Greed.
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CdnLynx
Champion Author Ontario

Posts:1,018
Points:520,990
Joined:May 2008
Message Posted: Aug 3, 2012 9:19:54 PM

ah, right and how long have they been rising overall; never stops, occasionally, 1 or 2 cents decrease, afterwards, there are increases in multiples; incessant and never ending!
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1006
Champion Author Birmingham

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Message Posted: Aug 3, 2012 6:31:02 PM

are you kidding me
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sparky808
Champion Author Honolulu

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Message Posted: Aug 3, 2012 10:34:30 AM

Thank you for posting.
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sedonaJ
All-Star Author Arizona

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Joined:Mar 2012
Message Posted: Aug 3, 2012 9:31:08 AM

More speculation ,at what cost? SSDD
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nd73
Champion Author Grand Rapids

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Points:487,880
Joined:May 2007
Message Posted: Aug 3, 2012 7:15:44 AM

Perhaps we should look forward to prices leveling off around $4.50 in Michigan??
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J4romeo
All-Star Author Gary

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Joined:Jan 2006
Message Posted: Aug 2, 2012 9:20:37 PM

3.89 to 4.19 in my area..:(
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RichWLIN
Champion Author Indiana

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Joined:Jun 2011
Message Posted: Aug 2, 2012 9:19:27 PM

not!
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lindact
Champion Author New Haven

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Message Posted: Aug 2, 2012 9:17:03 PM

Perhaps a short reprieve before gearing up for winter heating oil needs.
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us4usa
Champion Author Missouri

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Message Posted: Aug 2, 2012 9:15:32 PM

Up ten cents today to $3.34 a gallon...
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reeneedan
Champion Author San Jose

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Message Posted: Aug 2, 2012 9:13:45 PM

we will see
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langolera
Champion Author Akron

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Message Posted: Aug 2, 2012 9:12:57 PM

do u mean level up sheesh 3.89 here in Akron
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jackson661
Champion Author Columbus

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Message Posted: Aug 2, 2012 9:12:37 PM

Hope it goes down.
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Stang12_5.0
Champion Author Cleveland

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Message Posted: Aug 2, 2012 9:10:03 PM

$3.89 here in Cleveland right now.
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rahcat
Champion Author Grand Rapids

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Message Posted: Aug 2, 2012 9:09:09 PM

I don't believe it.......prices up to $3.95-$3.99 here today.
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Aug 2, 2012 9:08:48 PM

I doubt it.
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WalkingWV
Champion Author West Virginia

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Message Posted: Aug 2, 2012 9:03:53 PM

Level out at about $4.
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Aug 2, 2012 9:03:52 PM

I'll believe it when I see it.
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mpg611
Champion Author Cleveland

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Message Posted: Aug 2, 2012 9:01:25 PM

We'll see.
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GigHarborHound
Champion Author Tacoma

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Message Posted: Aug 2, 2012 8:57:43 PM

Yup!!!
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DustyHorse
Champion Author Virginia

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Joined:Oct 2008
Message Posted: Aug 2, 2012 8:56:09 PM

Gas prices should go down.
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VanIsleLes
All-Star Author British Columbia

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Message Posted: Aug 2, 2012 8:55:41 PM

Ours just went down a bit
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bonzoonfmb
Champion Author Florida

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Message Posted: Aug 2, 2012 8:54:46 PM

Gas prices are too high.
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DEG
Champion Author Las Vegas

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Joined:Jul 2003
Message Posted: Aug 2, 2012 8:53:03 PM

Gas is still double what is reasonable as is oil.
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30mpg80
Champion Author Lexington

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Message Posted: Aug 2, 2012 8:47:19 PM

Needs to spike DOWN then level in August
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mstearno
Champion Author Dayton

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Message Posted: Aug 2, 2012 8:47:07 PM

no something will happen
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Ply440GTX
All-Star Author Texas

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Points:308,825
Joined:Feb 2009
Message Posted: Aug 2, 2012 8:45:16 PM

...then spike again due to "winter blend..."

It's ALWAYS something...
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chicoCA
Champion Author California

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Message Posted: Aug 2, 2012 8:45:01 PM

okay
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truckguy115
Champion Author Orange County

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Points:221,125
Joined:Apr 2008
Message Posted: Aug 2, 2012 8:44:19 PM

it was nice to see it go lower. that didn't last and now it's almost $4.00 gallon again. so much for economic recovery. oh wait it never happened.
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oldiesman
Champion Author New York

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Message Posted: Aug 2, 2012 8:43:50 PM

We will see?
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wild3bill
Champion Author New York

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Message Posted: Aug 2, 2012 8:42:15 PM

Got to break UP uthe Big Oil Monopoly AGAIN!
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vibdata
Champion Author Massachusetts

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Points:846,275
Joined:Nov 2005
Message Posted: Aug 2, 2012 8:40:51 PM

Uh Huh. When WILL you ever learn? Look at the FUTURES. They are SOARING.
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craigsf38
Champion Author Rochester

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Message Posted: Aug 2, 2012 8:40:49 PM

They are still climbing here
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Yooperheart
Champion Author Michigan

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Points:523,025
Joined:Feb 2010
Message Posted: Aug 2, 2012 8:40:21 PM

Just when things looked good, Bam upside your head.
Just can't get a break around here.
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mmadsen05
Sophomore Author Tacoma

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Joined:May 2010
Message Posted: Aug 2, 2012 8:38:30 PM

ok
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streetcars
Champion Author Toledo

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Message Posted: Aug 2, 2012 8:38:29 PM

I hope it comes back down after all the supply problems are fixed
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bigoilscamsus
Champion Author Lansing

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Message Posted: Aug 2, 2012 8:36:13 PM

Protest high gas prices--any gas priced above $2.50 per gallon!! Picket the 15 highest priced gas stations in your area!!
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knot2swift
Champion Author Calgary

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Joined:Nov 2009
Message Posted: Aug 2, 2012 8:36:04 PM

It all depends on economies and stimulus.
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jimedB
Veteran Author Riverside

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Joined:Jun 2012
Message Posted: Aug 2, 2012 8:33:23 PM

And as soon as they start to level out there will either be some minor disruption in supply or refineries will shut down for "routine" maintinance and the price will go back up 10x faster than it ever comes down.
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speedys
Champion Author Utah

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Message Posted: Aug 2, 2012 8:33:01 PM

This is only a guess.
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firefly09
Champion Author San Diego

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Joined:Mar 2009
Message Posted: Aug 2, 2012 8:32:15 PM

Gas is still way to high.
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kelly1016
Champion Author Victoria

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Joined:Oct 2011
Message Posted: Aug 2, 2012 8:32:14 PM

Or maybe they won't.
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mcmonsta
Champion Author Honolulu

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Joined:Sep 2009
Message Posted: Aug 2, 2012 8:31:55 PM

a bit harder when we cannot control the oil price...if only we could and keep all the oil inhouse!
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CritterNanny
Veteran Author Washington

Posts:298
Points:1,341,095
Joined:Jun 2008
Message Posted: Aug 2, 2012 8:31:46 PM

Hope for a break soon...
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paulydel
Champion Author Delaware

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Joined:Jan 2008
Message Posted: Aug 2, 2012 8:29:48 PM

Gas prices are still way to high if they are over a dollar a gallon.
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Sneakers55
Champion Author Houston

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Points:2,139,925
Joined:Nov 2005
Message Posted: Aug 2, 2012 8:28:58 PM

On Aug 2, 2012 10:14:25 PM, KhelbenArunson wrote:

>I say we re regulate there entire industry, and I say we make
>those regulations EVEN STRICTER than the pre bush regulations.

I say you should keep your hands off the oil industry. As it stands now, the average oil company makes a profit of eight cents on every dollar of fuel they sell.

When I was working (since retired), our Finance people said the minimum acceptable level was ten and a half cents on every dollar of products and services we sold.

Needless to say, the company I used to work for was not in the oil business.
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gasgo123
Veteran Author South Carolina

Posts:275
Points:1,767,885
Joined:May 2005
Message Posted: Aug 2, 2012 8:28:26 PM

In the past month to 45 days gas has went from 2.829/10 to 3.209/10 at one station in SC. That is 38 cents a gallon.
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Sneakers55
Champion Author Houston

Posts:51,247
Points:2,139,925
Joined:Nov 2005
Message Posted: Aug 2, 2012 8:23:14 PM

On Aug 2, 2012 9:14:54 PM, USAv8tor wrote:

>We got screwed on our Iraqi oil investment after the U.S. spent
>tens of billions of dollars rebuilding that sh!thole of a country
>in the middle of the God forsaken desert.

It was a Dick Cheney fantasy for the funds wasted in Iraq to be an "oil investment."

And they wouldn't have to have spent tens of billions of dollars on the rebuilding of Iraq had saner heads prevailed and prevented the expenditure of billions of dollars on the destruction of Iraq.
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OGW
Champion Author London

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Message Posted: Aug 2, 2012 8:22:41 PM

Don't bet money on it, it is going to get still wilder in the fall.
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