Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:00 PM

GasBuddy News Article

52
votes
Fiscal cliff' optimism may boost gasoline prices

Newsday -- Gasoline increased by a penny a gallon on Long Island in the past week, and might rise further following an increase in crude oil prices on optimism that the "fiscal cliff" has been averted.

Andy Lipow, president of Houston consulting company Lipow Oil Associates Llc, said traders are betting on improved consumer sentiment from the deal, which spares most Americans from sharp income tax hikes that would otherwise have occurred.

But Lipow and Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Conn., expect the rise in gas prices will be limited. They cite an increase in Social Security payroll taxes that the cliff deal allows, amounting to about $1,000 for a family earning $50,000 a year. Other factors limiting a price rise include seasonally weak January gasoline dema


Read the Full Article

Submitted Jan 04, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Fiscal cliff' optimism may boost gasoline prices Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,034
Points:2,385,890
Joined:Nov 2008
Message Posted: Jan 8, 2013 4:00:25 AM

mandoid: already up and national average is rising.
mandoid
Champion Author Alabama

Posts:10,496
Points:2,267,355
Joined:May 2008
Message Posted: Jan 7, 2013 4:35:45 AM

it will go up up at the pump, just a matter of when and how much
honda0105
Champion Author Tallahassee

Posts:24,034
Points:2,385,890
Joined:Nov 2008
Message Posted: Jan 7, 2013 3:56:49 AM

prices have been going up around here for a while...
gs7101
Champion Author San Antonio

Posts:8,413
Points:572,460
Joined:Jun 2009
Message Posted: Jan 5, 2013 5:31:31 AM

Increasing gas prices isn't good news!
scu227
Champion Author New Haven

Posts:8,635
Points:1,546,930
Joined:Feb 2011
Message Posted: Jan 5, 2013 12:25:52 AM

SPECULATORS AT WORK !!!!!!!!!!!!
crreed1
Champion Author West Virginia

Posts:5,006
Points:3,211,610
Joined:May 2005
Message Posted: Jan 4, 2013 10:36:35 PM

every thing rices gas prices
diesel8888
Champion Author Salt Lake City

Posts:3,973
Points:1,097,520
Joined:Nov 2011
Message Posted: Jan 4, 2013 10:34:22 PM

Any news coming out of the white house is depressing!
KrsnaDragon
Champion Author Montreal

Posts:5,971
Points:1,302,915
Joined:Nov 2011
Message Posted: Jan 4, 2013 10:29:56 PM

Prices are on the rise everywhere.
Here in Montréal, at a gas station close to my work, the retail price of a litre of regular 87-octane gasoline went from $1.234/L on Friday morning to $1.384/L Friday evening.
Given that a US Gallon is equal to about 3.785 litres, that price is about $5.238/US Gallon, up from about $4.671.
Within a day that is an increase equal to about $0.57/US Gallon.
CDMAuto
Champion Author Connecticut

Posts:6,947
Points:1,522,340
Joined:Apr 2011
Message Posted: Jan 4, 2013 10:16:16 PM

Every thing is up INCLUDING EVERYONE'S TAXES.... Another broken promise by OBAMA.... NO Tax Increase for the middle class or poor....Thats what he said......
Delight777
Sophomore Author Cleveland

Posts:244
Points:992,240
Joined:Oct 2011
Message Posted: Jan 4, 2013 10:16:05 PM

Not good.
Dragnet
Champion Author Arizona

Posts:18,783
Points:3,657,680
Joined:Jul 2004
Message Posted: Jan 4, 2013 10:11:47 PM

Any excuse to raise prices. This has nothing to do with gas prices. But isn't it something how politics always plays into raising prices instead of lowering. These gas companies are nothing but a major joke.
unicornpmb
Champion Author Buffalo

Posts:11,729
Points:2,405,620
Joined:Sep 2005
Message Posted: Jan 4, 2013 10:11:19 PM

Time to bend over.
Rooster922
Champion Author Wilmington

Posts:4,237
Points:1,176,170
Joined:Jan 2009
Message Posted: Jan 4, 2013 10:10:08 PM

Wow again.
GasholeMI
Champion Author Lansing

Posts:13,222
Points:2,437,020
Joined:Jul 2008
Message Posted: Jan 4, 2013 10:09:27 PM

Higher gas prices will help keep a lid on our fragile economy. We really need gas prices back in the lower $2's.
rahcat
Champion Author Grand Rapids

Posts:5,950
Points:1,438,975
Joined:Jan 2010
Message Posted: Jan 4, 2013 10:08:58 PM

Fiscal cliff optimism????????
Jmac2008
Champion Author Missouri

Posts:4,614
Points:1,487,620
Joined:Dec 2008
Message Posted: Jan 4, 2013 10:08:36 PM

and it should be going down not up at this time of year.
obimerrill
Champion Author Cincinnati

Posts:4,674
Points:1,064,665
Joined:Jul 2012
Message Posted: Jan 4, 2013 10:08:09 PM

Prices are up for now...hope they go down since our taxes still went up.
Bezalel
Champion Author Oklahoma City

Posts:15,363
Points:3,063,840
Joined:Oct 2006
Message Posted: Jan 4, 2013 10:08:09 PM

Eventually they will go up. Remember, crude was about $10/bbl a few years ago.
naspa
Champion Author Cleveland

Posts:4,640
Points:1,127,850
Joined:Jan 2012
Message Posted: Jan 4, 2013 10:07:01 PM

It may, but reality differs.
Bigwaynef
Champion Author South Carolina

Posts:15,549
Points:2,852,605
Joined:Dec 2006
Message Posted: Jan 4, 2013 10:06:59 PM

Ha, I already know it's because of which way the winds blowing as to when they raise prices...
BobD2009
Champion Author Long Island

Posts:10,182
Points:2,000,015
Joined:Apr 2009
Message Posted: Jan 4, 2013 10:06:44 PM

They already have.
KnoxGasPriceSpy
Champion Author Knoxville

Posts:158,117
Points:1,696,820
Joined:Oct 2010
Message Posted: Jan 4, 2013 10:05:49 PM

they already did...
pa79th
Champion Author Pennsylvania

Posts:5,007
Points:1,969,975
Joined:Jun 2007
Message Posted: Jan 4, 2013 10:05:23 PM

nahhh
miser709
Champion Author Grand Rapids

Posts:1,278
Points:1,778,800
Joined:Mar 2004
Message Posted: Jan 4, 2013 10:04:43 PM

What a crock of _ _ _ _.
rsox67
Champion Author Connecticut

Posts:1,052
Points:892,950
Joined:Jul 2012
Message Posted: Jan 4, 2013 10:03:34 PM

Ok
joel27nc
Champion Author Raleigh

Posts:13,783
Points:2,630,945
Joined:Mar 2008
Message Posted: Jan 4, 2013 10:02:48 PM

That's why prices are going up, really?
sickhp
Champion Author San Antonio

Posts:3,548
Points:1,238,685
Joined:Sep 2011
Message Posted: Jan 4, 2013 10:02:24 PM

Drill baby drill in all of America.
cheaper0ON
Champion Author Ontario

Posts:4,175
Points:1,171,680
Joined:Jan 2012
Message Posted: Jan 4, 2013 10:01:59 PM

BaD.
LostAgain2009
Champion Author New Mexico

Posts:4,070
Points:1,191,000
Joined:Apr 2009
Message Posted: Jan 4, 2013 9:59:06 PM

Oil is traded as a commodity and, therefore, it's price will follow the economy. We don't like it but why and how does it surprise anyone?!?
sydb7
Champion Author Atlanta

Posts:5,917
Points:2,599,265
Joined:Mar 2003
Message Posted: Jan 4, 2013 9:58:31 PM

Bad!
Trowinsamoan
Champion Author Los Angeles

Posts:2,349
Points:511,165
Joined:Nov 2012
Message Posted: Jan 4, 2013 9:57:16 PM

Prices are going up no matter what happens
snakebitef22
All-Star Author Corpus Christi

Posts:891
Points:64,175
Joined:Mar 2009
Message Posted: Jan 4, 2013 9:55:34 PM

They are suckering the morons to buy crude and then they are going to drop the bucket and lower prices will follow..
RIG89
Sophomore Author Houston

Posts:102
Points:646,685
Joined:Dec 2012
Message Posted: Jan 4, 2013 9:55:25 PM

oil companies smell money and raise prices
gas up here in Houston
benjy
Champion Author Chicago

Posts:11,113
Points:2,535,575
Joined:Nov 2003
Message Posted: Jan 4, 2013 9:54:07 PM

not here...
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:332,895
Joined:Jun 2012
Message Posted: Jan 4, 2013 9:53:34 PM

Not good
mrsports007
Champion Author Raleigh

Posts:11,954
Points:2,333,910
Joined:Jun 2008
Message Posted: Jan 4, 2013 9:52:19 PM

it was about 20 cents here.
movietracker
All-Star Author Pennsylvania

Posts:697
Points:168,605
Joined:Mar 2011
Message Posted: Jan 4, 2013 9:48:35 PM

May boost? Gas prices rose .15 cents overnight!
yeehaw1073
Champion Author Indiana

Posts:4,690
Points:2,581,085
Joined:May 2004
Message Posted: Jan 4, 2013 9:42:27 PM

we didn't avoid the cliff, we're just taking the long way around
pgerassi
Champion Author Milwaukee

Posts:14,141
Points:2,904,315
Joined:Apr 2007
Message Posted: Jan 4, 2013 9:41:28 PM

Recession looms.
KhelbenArunson
Champion Author Michigan

Posts:7,499
Points:1,468,535
Joined:Apr 2008
Message Posted: Jan 4, 2013 9:41:23 PM

This sounds like fluff and spin paid for big oil.
malfrog1
Champion Author South Bend

Posts:5,380
Points:1,311,210
Joined:Feb 2011
Message Posted: Jan 4, 2013 9:40:38 PM

Prices are going up anyway.
WIPACKERFAN
Champion Author Chicago

Posts:12,029
Points:2,616,605
Joined:Aug 2005
Message Posted: Jan 4, 2013 9:39:19 PM

Any reason to raise prices.
erndog0331
Champion Author Tucson

Posts:1,031
Points:563,940
Joined:Oct 2012
Message Posted: Jan 4, 2013 9:35:55 PM

Of course
BoerneWatch
Champion Author San Antonio

Posts:18,946
Points:3,229,965
Joined:Oct 2005
Message Posted: Jan 4, 2013 9:35:41 PM

Now why would that happen?

The numbers of unemployed keep coming out and the highest numbers are the group that re-elected their president.

Seems like the 47% can't afford gas but the price is going up.
tco9436
Champion Author Connecticut

Posts:2,713
Points:1,375,685
Joined:Mar 2010
Message Posted: Jan 4, 2013 9:35:28 PM

fn joke
drz614
Champion Author Harrisburg

Posts:5,570
Points:1,373,315
Joined:Aug 2011
Message Posted: Jan 4, 2013 9:35:10 PM

fiscal cliff adverted? really?
jrsva
Champion Author Virginia

Posts:13,335
Points:2,388,800
Joined:Jan 2006
Message Posted: Jan 4, 2013 9:34:49 PM

“I got paid, and saw 4% of my check go to the government.”

If that is true, someone made a big mistake. FICA and Medicare deduct 7.65% and then there are state and federal income taxes. No one gets away with paying just 4% to the gov.
04Ram59HO
Rookie Author Detroit

Posts:24
Points:13,960
Joined:Nov 2012
Message Posted: Jan 4, 2013 9:30:47 PM

What a racket! The typical last minute deal from Washington and that's supposed to improve consumer sentiment. What are they smoking?!?
suzmar
Champion Author Texas

Posts:3,497
Points:1,445,015
Joined:Jun 2006
Message Posted: Jan 4, 2013 9:29:17 PM

Prices were going up before the fiscal cliff was temporarily averted.
wulf2000
Champion Author Miami

Posts:5,023
Points:1,947,155
Joined:May 2005
Message Posted: Jan 4, 2013 9:25:24 PM

All around is always bad news.
Buddy2264
Champion Author Tampa

Posts:14,964
Points:3,135,995
Joined:Oct 2005
Message Posted: Jan 4, 2013 9:24:01 PM

As the economy goes up so does the price of fuel, as we spend more when we make more. This time I guess we should learn to save a little more when we make a little more.
Post a reply Back to Topics