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Gas prices still high as inventory lags

USA Today -- Gasoline prices could soon jump by as much as 15 cents a gallon along the West Coast and Northeast corridors, where motorists already are paying some of the nation's highest prices.

The unexpected surge is coming at a time when overall gasoline prices, which typically slump after peak summer driving season, are at their highest autumn levels ever.

The culprit: record-low inventories due to production woes at several U.S. refineries.

Nationally, gasoline averages $3.78 a gallon, down from $3.83 last month but still 35 cents higher than Oct. 1, 2011's $3.43. Through September, gasoline is averaging $3.64 a gallon, easily eclipsing 2011's record $3.51.

"The two coasts are obviously the biggest sore spots," says Denton Cinquegrana, editor at the Oil Price Information Service.

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Submitted Oct 02, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Oct 9, 2012 5:50:55 AM Ignore honda0105 Report Abuse prices will always lag until there's less demand and more refineries (which must be maintained to be functional).
sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Oct 3, 2012 1:31:44 PM Ignore sparky808 Report Abuse Thank you for posting.
anthroMO Veteran Author St. Louis Posts:395 Points:116,540 Joined:Jun 2012	Message Posted: Oct 3, 2012 2:44:45 AM Ignore anthroMO Report Abuse do we have enough refineries? do they really want to work a peak capacity?
52MPG Champion Author Dayton Posts:7,272 Points:1,742,905 Joined:Apr 2006	Message Posted: Oct 3, 2012 2:10:14 AM Ignore 52MPG Report Abuse More reasons to use alternatives.
bvrbill Champion Author Eugene Posts:3,229 Points:519,825 Joined:Jul 2011	Message Posted: Oct 3, 2012 12:15:43 AM Ignore bvrbill Report Abuse No relief in sight.
N5EXY Champion Author Austin Posts:5,502 Points:1,511,580 Joined:Jul 2004	Message Posted: Oct 3, 2012 12:13:20 AM Ignore N5EXY Report Abuse Almost exactly what Bozama wanted four years ago - not seven bucks yet but climbing. 36 days until the ejection.
Quick68 Champion Author Columbus Posts:8,238 Points:1,227,750 Joined:Dec 2009	Message Posted: Oct 3, 2012 12:08:57 AM Ignore Quick68 Report Abuse Gas prices started to get too high back in 1972. That is when the real corruption & greed started.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: Oct 3, 2012 12:04:53 AM Ignore rahcat Report Abuse Maybe if Obama disappears, prices will drop.
arb0526 Champion Author Greensboro Posts:1,986 Points:411,820 Joined:Mar 2011	Message Posted: Oct 3, 2012 12:04:04 AM Ignore arb0526 Report Abuse ok
suzmar Champion Author Texas Posts:2,212 Points:873,340 Joined:Jun 2006	Message Posted: Oct 3, 2012 12:02:49 AM Ignore suzmar Report Abuse Prices are high because of the Fed intervention that lowers the value of the dollar.
DutchTreatMI Champion Author Grand Rapids Posts:3,315 Points:753,415 Joined:Mar 2011	Message Posted: Oct 3, 2012 12:01:34 AM Ignore DutchTreatMI Report Abuse Not good news
sdiddydaddy Champion Author Grand Rapids Posts:1,101 Points:396,995 Joined:Jan 2012	Message Posted: Oct 2, 2012 11:59:30 PM Ignore sdiddydaddy Report Abuse sucks
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Oct 2, 2012 11:57:51 PM Ignore frostyWV Report Abuse excuses
DrCashFlow Champion Author Massachusetts Posts:7,074 Points:1,628,200 Joined:Jun 2008	Message Posted: Oct 2, 2012 11:57:50 PM Ignore DrCashFlow Report Abuse The higher they go, the better Romney looks
bonzoonfmb Champion Author Florida Posts:1,792 Points:645,785 Joined:Feb 2010	Message Posted: Oct 2, 2012 11:55:14 PM Ignore bonzoonfmb Report Abuse There is plenty of inventory. Gas prices are too high everywhere.
wayoung56 Champion Author Alabama Posts:2,810 Points:820,285 Joined:Oct 2006	Message Posted: Oct 2, 2012 11:51:54 PM Ignore wayoung56 Report Abuse Prices are high because NoBama wants to punish the American Public...
nwsynthetics Champion Author Oregon Posts:1,014 Points:347,025 Joined:Dec 2011	Message Posted: Oct 2, 2012 11:51:20 PM Ignore nwsynthetics Report Abuse Prices are up , up , and away
skybiker Champion Author South Carolina Posts:7,303 Points:1,561,240 Joined:Jul 2008	Message Posted: Oct 2, 2012 11:49:38 PM Ignore skybiker Report Abuse There are no lines..just a little less in storage..
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,980 Joined:May 2011	Message Posted: Oct 2, 2012 11:49:00 PM Ignore gd83goldwinger Report Abuse It's already running close to the $4 mark, love to see where this national average comes from $3.89 to $3.99 around here for some time. It dropped a week ago for two days then shot up to $3.99 again.
skybiker Champion Author South Carolina Posts:7,303 Points:1,561,240 Joined:Jul 2008	Message Posted: Oct 2, 2012 11:46:52 PM Ignore skybiker Report Abuse If there is no shortage why is the price high?
DustyHorse Champion Author Virginia Posts:6,093 Points:1,393,120 Joined:Oct 2008	Message Posted: Oct 2, 2012 11:46:31 PM Ignore DustyHorse Report Abuse Gas is way too high and it is damaging our economy.
bobdec Champion Author Miami Posts:8,969 Points:1,771,545 Joined:May 2008	Message Posted: Oct 2, 2012 11:43:01 PM Ignore bobdec Report Abuse Dump all the communist liberals
billiebudd Rookie Author Los Angeles Posts:35 Points:18,450 Joined:Apr 2005	Message Posted: Oct 2, 2012 11:42:58 PM Ignore billiebudd Report Abuse They will raise it 25 cents a gallon, then slowly bring it down 10 or 15 cents and leave it there. Make us feel like we are getting a bargain...
VanIsleLes All-Star Author British Columbia Posts:898 Points:277,745 Joined:Jun 2012	Message Posted: Oct 2, 2012 11:42:41 PM Ignore VanIsleLes Report Abuse Sad
mrbee Champion Author Little Rock Posts:3,764 Points:2,467,630 Joined:Oct 2005	Message Posted: Oct 2, 2012 11:38:22 PM Ignore mrbee Report Abuse Too bad.
TBRR Champion Author Jacksonville Posts:3,672 Points:599,320 Joined:Dec 2007	Message Posted: Oct 2, 2012 11:36:22 PM Ignore TBRR Report Abuse thanks to all the greenies most of the refineries are all very out dated and the gubbermint is too slow to allow updating. many thanks to the buffoons in washington. IN GOD WE TRUST
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Oct 2, 2012 11:35:30 PM Ignore abcdMA Report Abuse keep demand down
Beaveronparade Champion Author Hartford Posts:2,108 Points:636,785 Joined:Mar 2011	Message Posted: Oct 2, 2012 11:30:44 PM Ignore Beaveronparade Report Abuse Yes high, $4.13 a gallon for regular here in CT today!
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Oct 2, 2012 11:30:42 PM Ignore mstearno Report Abuse fire NOBAMA
mcmonsta Champion Author Honolulu Posts:3,232 Points:819,520 Joined:Sep 2009	Message Posted: Oct 2, 2012 11:29:57 PM Ignore mcmonsta Report Abuse does it matter ....really? inventory up and we still see price rises
SavALot Champion Author Virginia Beach Posts:8,479 Points:1,712,810 Joined:Apr 2005	Message Posted: Oct 2, 2012 11:24:52 PM Ignore SavALot Report Abuse Price relief in sight?
checkitnow Champion Author Atlanta Posts:2,046 Points:573,520 Joined:Aug 2010	Message Posted: Oct 2, 2012 11:20:43 PM Ignore checkitnow Report Abuse a new refinery or 3 would be nice...
Is246 Champion Author Albuquerque Posts:1,017 Points:428,545 Joined:Apr 2011	Message Posted: Oct 2, 2012 11:17:54 PM Ignore Is246 Report Abuse surprise,surprise
skyking19 Champion Author Little Rock Posts:2,006 Points:1,700,790 Joined:Jan 2007	Message Posted: Oct 2, 2012 11:15:22 PM Ignore skyking19 Report Abuse Surely it's not manipulations of supply!
inspiretl Veteran Author New Jersey Posts:417 Points:165,480 Joined:May 2012	Message Posted: Oct 2, 2012 11:12:06 PM Ignore inspiretl Report Abuse greed
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Oct 2, 2012 11:09:11 PM Ignore brutherruther Report Abuse Ok
taco67 Rookie Author Chico Posts:5 Points:233,525 Joined:Jun 2011	Message Posted: Oct 2, 2012 11:08:46 PM Ignore taco67 Report Abuse Total greed.
Ply440GTX All-Star Author Texas Posts:955 Points:310,555 Joined:Feb 2009	Message Posted: Oct 2, 2012 11:08:28 PM Ignore Ply440GTX Report Abuse D'OH!!!
serrog Champion Author Nova Scotia Posts:5,574 Points:1,514,080 Joined:Oct 2008	Message Posted: Oct 2, 2012 11:07:35 PM Ignore serrog Report Abuse greed
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:403,100 Joined:Jan 2012	Message Posted: Oct 2, 2012 11:05:28 PM Ignore Shakleelady31 Report Abuse Okay.
danreino Champion Author Twin Cities Posts:8,358 Points:1,541,705 Joined:Mar 2008	Message Posted: Oct 2, 2012 11:04:11 PM Ignore danreino Report Abuse Gasoline prices will continue to rise as the Dollar continues to be devalued.
ty58 Veteran Author Akron Posts:320 Points:486,030 Joined:Jun 2011	Message Posted: Oct 2, 2012 11:03:04 PM Ignore ty58 Report Abuse the big boys have to make their millions...................
Buffalo Joe Champion Author Alberta Posts:8,601 Points:2,509,850 Joined:Feb 2003	Message Posted: Oct 2, 2012 11:01:41 PM Ignore Buffalo Joe Report Abuse We are used to this nonsense.
30mpg80 Champion Author Lexington Posts:10,045 Points:1,488,830 Joined:Nov 2008	Message Posted: Oct 2, 2012 11:00:14 PM Ignore 30mpg80 Report Abuse Swimming in oil, not enough gasoline
Spirits All-Star Author Florida Posts:911 Points:372,800 Joined:May 2008	Message Posted: Oct 2, 2012 10:58:27 PM Ignore Spirits Report Abuse OK
SandeeC Champion Author Ontario Posts:2,998 Points:461,230 Joined:Apr 2011	Message Posted: Oct 2, 2012 10:58:14 PM Ignore SandeeC Report Abuse Yeah, you said it, Marson.
Marson Champion Author Scranton Posts:8,952 Points:2,079,135 Joined:Oct 2006	Message Posted: Oct 2, 2012 10:55:23 PM Ignore Marson Report Abuse Just B S!
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Oct 2, 2012 10:49:20 PM Ignore pgerassi Report Abuse SOP
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Oct 2, 2012 10:48:41 PM Ignore WIPACKERFAN Report Abuse no kidding.
gmcgas Champion Author Atlanta Posts:5,958 Points:1,715,145 Joined:Mar 2004	Message Posted: Oct 2, 2012 10:44:47 PM Ignore gmcgas Report Abuse same o.