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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:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 12, 2012 5:12:48 AM Ignore stonecold5005 Report Abuse no
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 8, 2012 9:01:43 AM Ignore stonecold5005 Report Abuse no
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 7, 2012 5:02:53 AM Ignore stonecold5005 Report Abuse no
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Jul 6, 2012 12:07:06 PM Ignore clpassenubye Report Abuse no
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Jul 6, 2012 3:05:40 AM Ignore 99dakota Report Abuse It's already going up!
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,052,470 Joined:Oct 2008	Message Posted: Jul 5, 2012 7:57:53 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 All-Star Author Washington Posts:939 Points:479,070 Joined:Feb 2008	Message Posted: Jul 5, 2012 7:43:16 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:415,001 Points:1,587,635 Joined:Oct 2008	Message Posted: Jul 4, 2012 1:54:30 PM Ignore lightbulbman2008 Report Abuse wait...
txrojo2005 All-Star Author Austin Posts:766 Points:479,630 Joined:May 2011	Message Posted: Jul 4, 2012 11:16:39 AM 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:12,087 Points:2,551,005 Joined:Jun 2004	Message Posted: Jul 4, 2012 9:31:10 AM Ignore Bonanza Report Abuse The price is already too high
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Jul 4, 2012 6:11:15 AM Ignore albert2008 Report Abuse not good
clpassenubye Champion Author Los Angeles Posts:3,359 Points:754,355 Joined:Mar 2011	Message Posted: Jul 3, 2012 9:15:30 AM Ignore clpassenubye Report Abuse stop the madness
figman Champion Author Chicago Posts:13,767 Points:3,662,995 Joined:Sep 2001	Message Posted: Jul 3, 2012 7:20:43 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:2,272 Points:2,285,870 Joined:Oct 2005	Message Posted: Jul 3, 2012 7:12:07 AM Ignore Jeffro61 Report Abuse Here goes the speculation again.
badbonita Champion Author Syracuse Posts:6,224 Points:1,353,710 Joined:Jul 2008	Message Posted: Jul 3, 2012 6:37:26 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:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 3, 2012 6:24:14 AM Ignore stonecold5005 Report Abuse ok
PackerfanMN All-Star Author Twin Cities Posts:898 Points:270,875 Joined:Nov 2011	Message Posted: Jul 3, 2012 6:17:08 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:678 Points:218,630 Joined:Feb 2012	Message Posted: Jul 3, 2012 6:16:41 AM Ignore zeeflyers Report Abuse basic
slayur Champion Author Chicago Posts:1,533 Points:1,217,520 Joined:Sep 2005	Message Posted: Jul 3, 2012 6:14:20 AM Ignore slayur Report Abuse ok
91Explorer All-Star Author Dallas Posts:634 Points:1,129,615 Joined:Oct 2009	Message Posted: Jul 3, 2012 6:08:16 AM Ignore 91Explorer Report Abuse so far just a blip on the radar screen
gbs1 Champion Author Minnesota Posts:2,001 Points:742,600 Joined:Mar 2011	Message Posted: Jul 3, 2012 6:05:48 AM Ignore gbs1 Report Abuse Still holding at $3.49 here
quasar502 Champion Author Lansing Posts:3,583 Points:801,350 Joined:Jan 2011	Message Posted: Jul 3, 2012 6:04:07 AM Ignore quasar502 Report Abuse Ridiculous buzz kill.
autohio Champion Author Ohio Posts:3,775 Points:819,475 Joined:Jan 2011	Message Posted: Jul 3, 2012 6:02:54 AM Ignore autohio Report Abuse It's already starting
mysub Champion Author Las Vegas Posts:8,911 Points:2,330,465 Joined:Apr 2006	Message Posted: Jul 3, 2012 6:01:45 AM Ignore mysub Report Abuse Replied to this yesterday.
Soglaos Champion Author Virginia Beach Posts:2,771 Points:740,405 Joined:Feb 2011	Message Posted: Jul 3, 2012 6:00:58 AM Ignore Soglaos Report Abuse more crap
cookined Champion Author Maine Posts:3,980 Points:2,229,895 Joined:Oct 2005	Message Posted: Jul 3, 2012 5:59:56 AM Ignore cookined Report Abuse more bull crap.
atdinut Champion Author California Posts:1,608 Points:353,985 Joined:Apr 2012	Message Posted: Jul 3, 2012 5:59:23 AM Ignore atdinut Report Abuse Read it yesterday.
JLSindy Champion Author Cleveland Posts:3,491 Points:673,265 Joined:Aug 2005	Message Posted: Jul 3, 2012 5:59:07 AM Ignore JLSindy Report Abuse I agree with most of waht everyoone says.
cricket48750 All-Star Author Michigan Posts:802 Points:413,580 Joined:May 2011	Message Posted: Jul 3, 2012 5:58:42 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 5:58:28 AM Ignore Garston Report Abuse old news
MikLamb Champion Author Texas Posts:7,985 Points:2,175,120 Joined:Jun 2006	Message Posted: Jul 3, 2012 5:57:42 AM Ignore MikLamb Report Abuse Wonderful...
mreiff Champion Author Louisville Posts:5,350 Points:1,303,690 Joined:May 2009	Message Posted: Jul 3, 2012 5:57:37 AM Ignore mreiff Report Abuse Jumped $0.25 here overnight!
Gearitis Champion Author Waco Posts:1,293 Points:728,210 Joined:Sep 2005	Message Posted: Jul 3, 2012 5:57:09 AM Ignore Gearitis Report Abuse It will go up in the near future, they are posturing for it.
MarAzul Champion Author London Posts:3,776 Points:679,485 Joined:Feb 2011	Message Posted: Jul 3, 2012 5:57:03 AM Ignore MarAzul Report Abuse ok.
teatiger Champion Author Dallas Posts:2,680 Points:1,476,865 Joined:Nov 2008	Message Posted: Jul 3, 2012 5:56:45 AM Ignore teatiger Report Abuse ok
WeasleyOC Champion Author Orange County Posts:3,149 Points:802,325 Joined:Jul 2008	Message Posted: Jul 3, 2012 5:56:44 AM Ignore WeasleyOC Report Abuse As long as it keeps a downward trend I will be happy.
CptnCanada Champion Author Saskatoon Posts:7,012 Points:915,300 Joined:Jun 2008	Message Posted: Jul 3, 2012 5:55:48 AM Ignore CptnCanada Report Abuse When fuel goes down you know it will go back up fairly soon
arcaneradio Champion Author Michigan Posts:2,527 Points:491,930 Joined:Dec 2010	Message Posted: Jul 3, 2012 5:55:32 AM Ignore arcaneradio Report Abuse k
NotmeuQc Champion Author Montreal Posts:5,651 Points:1,133,925 Joined:Apr 2009	Message Posted: Jul 3, 2012 5:54:17 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:8,788 Points:2,374,025 Joined:May 2006	Message Posted: Jul 3, 2012 5:54:09 AM Ignore HEBster Report Abuse Wish it'd break $3 in KY
rcohan2 Champion Author South Carolina Posts:1,887 Points:1,257,340 Joined:Oct 2008	Message Posted: Jul 3, 2012 5:53:13 AM Ignore rcohan2 Report Abuse ok
tomok Champion Author Portland Posts:33,017 Points:2,345,510 Joined:Aug 2006	Message Posted: Jul 3, 2012 5:53:00 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:8,977 Points:1,699,925 Joined:Aug 2008	Message Posted: Jul 3, 2012 5:52:21 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:5,473 Points:1,552,350 Joined:Jul 2008	Message Posted: Jul 3, 2012 5:51:57 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 5:51:28 AM Ignore CharlieC08 Report Abuse And what did it do Monday?
Hunter114 Champion Author Chicago Posts:9,093 Points:1,449,735 Joined:Apr 2009	Message Posted: Jul 3, 2012 5:51:20 AM Ignore Hunter114 Report Abuse Just in time for 4th of July markups.
Mariuxus Champion Author Chicago Posts:3,765 Points:1,871,290 Joined:May 2007	Message Posted: Jul 3, 2012 5:51:00 AM Ignore Mariuxus Report Abuse OK...
GGAlbo Champion Author Detroit Posts:2,244 Points:1,885,345 Joined:Sep 2006	Message Posted: Jul 3, 2012 5:50:18 AM Ignore GGAlbo Report Abuse Gas price are still way to high compared to the price of oil!!!
RevDrCBJ Veteran Author Ann Arbor Posts:364 Points:187,705 Joined:Jul 2011	Message Posted: Jul 3, 2012 5:50:07 AM Ignore RevDrCBJ Report Abuse So much for long range travel. . .
jony Champion Author Florida Posts:7,326 Points:1,632,565 Joined:May 2006	Message Posted: Jul 3, 2012 5:49:48 AM Ignore jony Report Abuse typical of the GREEDY retailers