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Late week surge in energy may be buzz-kill

GasBuddy Blog -- If you didn't see the markets Friday, I'll tell you the news. Your 401(k) probably took a jump in value. A sizeable jump. But with the move higher, commodities also took a leap, including crude oil and gasoline spot (spot meaning the price paid by wholesalers on the spot) prices.

The biggest single day gain in three years by oil will probably show up at the pump in the next 48 hours in some Great Lakes states, mainly Michigan, Indiana, Ohio, and Kentucky. These states are at highest risk for a big jump. Also at a slightly lower risk of a big jump: areas of Illinois (my neighborhood station already rose 10c/gal), Wisconsin, Minnesota, St. Louis.

Some areas that feature sub-$3 gasoline may also be at risk (albeit lower risk...

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Submitted Jul 02, 2012 By: PD

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stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jul 12, 2012 6:12:48 AM Ignore stonecold5005 Report Abuse no
stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jul 8, 2012 10:01:43 AM Ignore stonecold5005 Report Abuse no
stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jul 7, 2012 6:02:53 AM Ignore stonecold5005 Report Abuse no
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,055 Joined:Mar 2011	Message Posted: Jul 6, 2012 1:07:06 PM Ignore clpassenubye Report Abuse no
99dakota Champion Author Providence Posts:8,250 Points:2,199,425 Joined:Oct 2006	Message Posted: Jul 6, 2012 4:05:40 AM Ignore 99dakota Report Abuse It's already going up!
RapMassaG Champion Author Cincinnati Posts:2,646 Points:1,073,190 Joined:Oct 2008	Message Posted: Jul 5, 2012 8:57:53 AM Ignore RapMassaG Report Abuse Up as much as 60 cents here since Monday. Lowest priced stations were under $3 Monday morning. Now all are resetting to $3.599, after jumping to $3.399 Monday noon.
CapriceWagon Champion Author Washington Posts:1,009 Points:502,870 Joined:Feb 2008	Message Posted: Jul 5, 2012 8:43:16 AM Ignore CapriceWagon Report Abuse It's gone up 3 cents in the last week, not life ending, but irritating
lightbulbman2008 Champion Author Worcester Posts:420,500 Points:1,614,360 Joined:Oct 2008	Message Posted: Jul 4, 2012 2:54:30 PM Ignore lightbulbman2008 Report Abuse wait...
txrojo2005 All-Star Author Austin Posts:801 Points:500,140 Joined:May 2011	Message Posted: Jul 4, 2012 12:16:39 PM Ignore txrojo2005 Report Abuse The Federal Reserve must be printing money again, diluting the dollar. Oil is traded in dollars; therefore, it takes more dollars to buy oil.
Bonanza Champion Author Boston Posts:12,248 Points:2,577,730 Joined:Jun 2004	Message Posted: Jul 4, 2012 10:31:10 AM Ignore Bonanza Report Abuse The price is already too high
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jul 4, 2012 7:11:15 AM Ignore albert2008 Report Abuse not good
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,055 Joined:Mar 2011	Message Posted: Jul 3, 2012 10:15:30 AM Ignore clpassenubye Report Abuse stop the madness
figman Champion Author Chicago Posts:13,862 Points:3,686,320 Joined:Sep 2001	Message Posted: Jul 3, 2012 8:20:43 AM Ignore figman Report Abuse And yesterday morning Speedway led the charge with a $.25 increase in the Chicago southland area. So far other stations are holding steady in the 3.39 - 3.67 range.
Jeffro61 Champion Author Cleveland Posts:2,403 Points:2,309,970 Joined:Oct 2005	Message Posted: Jul 3, 2012 8:12:07 AM Ignore Jeffro61 Report Abuse Here goes the speculation again.
badbonita Champion Author Syracuse Posts:6,361 Points:1,380,435 Joined:Jul 2008	Message Posted: Jul 3, 2012 7:37:26 AM Ignore badbonita Report Abuse Wondering why they're just talking about a price increase in the Great Lakes area - the entire country will likely feel it. Just take a few more hours to get there.
stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jul 3, 2012 7:24:14 AM Ignore stonecold5005 Report Abuse ok
PackerfanMN Champion Author Twin Cities Posts:1,044 Points:291,075 Joined:Nov 2011	Message Posted: Jul 3, 2012 7:17:08 AM Ignore PackerfanMN Report Abuse It shouldn't go up because that is August futures prices. Greed by the oil companies will make it go up.
zeeflyers All-Star Author Pittsburgh Posts:713 Points:230,655 Joined:Feb 2012	Message Posted: Jul 3, 2012 7:16:41 AM Ignore zeeflyers Report Abuse basic
slayur Champion Author Chicago Posts:1,534 Points:1,238,240 Joined:Sep 2005	Message Posted: Jul 3, 2012 7:14:20 AM Ignore slayur Report Abuse ok
91Explorer All-Star Author Dallas Posts:634 Points:1,153,265 Joined:Oct 2009	Message Posted: Jul 3, 2012 7:08:16 AM Ignore 91Explorer Report Abuse so far just a blip on the radar screen
gbs1 Champion Author Minnesota Posts:2,136 Points:769,325 Joined:Mar 2011	Message Posted: Jul 3, 2012 7:05:48 AM Ignore gbs1 Report Abuse Still holding at $3.49 here
quasar502 Champion Author Lansing Posts:3,718 Points:828,075 Joined:Jan 2011	Message Posted: Jul 3, 2012 7:04:07 AM Ignore quasar502 Report Abuse Ridiculous buzz kill.
autohio Champion Author Ohio Posts:3,869 Points:844,280 Joined:Jan 2011	Message Posted: Jul 3, 2012 7:02:54 AM Ignore autohio Report Abuse It's already starting
mysub Champion Author Las Vegas Posts:9,046 Points:2,357,190 Joined:Apr 2006	Message Posted: Jul 3, 2012 7:01:45 AM Ignore mysub Report Abuse Replied to this yesterday.
Soglaos Champion Author Virginia Beach Posts:2,851 Points:764,655 Joined:Feb 2011	Message Posted: Jul 3, 2012 7:00:58 AM Ignore Soglaos Report Abuse more crap
cookined Champion Author Maine Posts:4,095 Points:2,253,470 Joined:Oct 2005	Message Posted: Jul 3, 2012 6:59:56 AM Ignore cookined Report Abuse more bull crap.
atdinut Champion Author California Posts:1,616 Points:360,445 Joined:Apr 2012	Message Posted: Jul 3, 2012 6:59:23 AM Ignore atdinut Report Abuse Read it yesterday.
JLSindy Champion Author Cleveland Posts:3,607 Points:698,265 Joined:Aug 2005	Message Posted: Jul 3, 2012 6:59:07 AM Ignore JLSindy Report Abuse I agree with most of waht everyoone says.
cricket48750 All-Star Author Michigan Posts:815 Points:423,740 Joined:May 2011	Message Posted: Jul 3, 2012 6:58:42 AM Ignore cricket48750 Report Abuse Wholesale prices rose sharply last Friday in Michigan and they continue to trend upward.
Garston Champion Author Maine Posts:2,421 Points:473,765 Joined:Jul 2011	Message Posted: Jul 3, 2012 6:58:28 AM Ignore Garston Report Abuse old news
MikLamb Champion Author Texas Posts:8,120 Points:2,201,845 Joined:Jun 2006	Message Posted: Jul 3, 2012 6:57:42 AM Ignore MikLamb Report Abuse Wonderful...
mreiff Champion Author Louisville Posts:5,488 Points:1,330,415 Joined:May 2009	Message Posted: Jul 3, 2012 6:57:37 AM Ignore mreiff Report Abuse Jumped $0.25 here overnight!
Gearitis Champion Author Waco Posts:1,293 Points:751,235 Joined:Sep 2005	Message Posted: Jul 3, 2012 6:57:09 AM Ignore Gearitis Report Abuse It will go up in the near future, they are posturing for it.
MarAzul Champion Author London Posts:3,888 Points:702,910 Joined:Feb 2011	Message Posted: Jul 3, 2012 6:57:03 AM Ignore MarAzul Report Abuse ok.
teatiger Champion Author Dallas Posts:2,815 Points:1,503,590 Joined:Nov 2008	Message Posted: Jul 3, 2012 6:56:45 AM Ignore teatiger Report Abuse ok
WeasleyOC Champion Author Orange County Posts:3,280 Points:828,825 Joined:Jul 2008	Message Posted: Jul 3, 2012 6:56:44 AM Ignore WeasleyOC Report Abuse As long as it keeps a downward trend I will be happy.
CptnCanada Champion Author Saskatoon Posts:7,046 Points:920,605 Joined:Jun 2008	Message Posted: Jul 3, 2012 6:55:48 AM Ignore CptnCanada Report Abuse When fuel goes down you know it will go back up fairly soon
arcaneradio Champion Author Michigan Posts:2,641 Points:513,965 Joined:Dec 2010	Message Posted: Jul 3, 2012 6:55:32 AM Ignore arcaneradio Report Abuse k
NotmeuQc Champion Author Montreal Posts:5,756 Points:1,159,175 Joined:Apr 2009	Message Posted: Jul 3, 2012 6:54:17 AM Ignore NotmeuQc Report Abuse Our Markets were closed Monday for Canada Day, but our gas prices are still dropping.
HEBster Champion Author Kentucky Posts:8,922 Points:2,400,630 Joined:May 2006	Message Posted: Jul 3, 2012 6:54:09 AM Ignore HEBster Report Abuse Wish it'd break $3 in KY
rcohan2 Champion Author South Carolina Posts:2,022 Points:1,280,765 Joined:Oct 2008	Message Posted: Jul 3, 2012 6:53:13 AM Ignore rcohan2 Report Abuse ok
tomok Champion Author Portland Posts:33,579 Points:2,372,235 Joined:Aug 2006	Message Posted: Jul 3, 2012 6:53:00 AM Ignore tomok Report Abuse Get down to 'somewhat decent' fuel prices and off it goes again. Maybe, this is a temporary bump and things will continue the slow slide at the pump. Is 'coming out of the closet' Barry (aka – vampire/ghost hunter) in the background doing something about prices at the pump? Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
kyrunner Champion Author Lexington Posts:9,113 Points:1,725,900 Joined:Aug 2008	Message Posted: Jul 3, 2012 6:52:21 AM Ignore kyrunner Report Abuse Gas jumped from $3.06 to $3.27 yesterday afternoon in central KY. The newest rise in gas prices has started. Upward and "forward" (new obama election slogan) to new higher levels are on the way.
swepson Champion Author Greensboro Posts:5,601 Points:1,577,350 Joined:Jul 2008	Message Posted: Jul 3, 2012 6:51:57 AM Ignore swepson Report Abuse But Manufacturing numbers on Monday send prices back down
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Jul 3, 2012 6:51:28 AM Ignore CharlieC08 Report Abuse And what did it do Monday?
Hunter114 Champion Author Chicago Posts:9,433 Points:1,476,460 Joined:Apr 2009	Message Posted: Jul 3, 2012 6:51:20 AM Ignore Hunter114 Report Abuse Just in time for 4th of July markups.
Mariuxus Champion Author Chicago Posts:3,887 Points:1,897,530 Joined:May 2007	Message Posted: Jul 3, 2012 6:51:00 AM Ignore Mariuxus Report Abuse OK...
GGAlbo Champion Author Detroit Posts:2,286 Points:1,910,210 Joined:Sep 2006	Message Posted: Jul 3, 2012 6:50:18 AM Ignore GGAlbo Report Abuse Gas price are still way to high compared to the price of oil!!!
RevDrCBJ Veteran Author Ann Arbor Posts:385 Points:192,825 Joined:Jul 2011	Message Posted: Jul 3, 2012 6:50:07 AM Ignore RevDrCBJ Report Abuse So much for long range travel. . .
jony Champion Author Florida Posts:7,461 Points:1,656,290 Joined:May 2006	Message Posted: Jul 3, 2012 6:49:48 AM Ignore jony Report Abuse typical of the GREEDY retailers