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Gas prices seen headed lower at the pump

CNN Money -- A surge in gasoline prices earlier this year sparked talk of $5 a gallon by this summer, but prices at the pump have been ticking lower in April, and it appears they'll continue falling as the driving season approaches.

This rosy scenario is prompted by the fact that the price for one of the most common types of gasoline futures traded in New York has dropped 30 cents, going from over $3.40 a gallon at the beginning of April to $3.10 a gallon Wednesday.

Futures contracts are financial instruments that buyers and sellers of large amounts of gasoline -- or any commodity -- use to set prices. Analysts say the current drop in gas price futures should begin to appear in gas prices at the service station over the next few weeks.

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Submitted Apr 28, 2012 By: largobob

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kkimes Champion Author Illinois Posts:1,590 Points:1,503,665 Joined:Sep 2005	Message Posted: Apr 30, 2012 12:59:00 AM Ignore kkimes Report Abuse We took a little day trip in our Camry Hybrid today. Went further west of Chicago than I live and I filled up for $3.79 per gallon. Didn't need to fill up but it was a 20 cent per gallon savings so I filled up anyway.
allikins1 Rookie Author San Francisco Posts:1 Points:870 Joined:Apr 2012	Message Posted: Apr 29, 2012 8:03:57 PM Ignore allikins1 Report Abuse Phew!
investmentdr Champion Author Cleveland Posts:4,014 Points:1,452,125 Joined:Sep 2008	Message Posted: Apr 29, 2012 7:41:55 PM Ignore investmentdr Report Abuse down down down
vjs3 Champion Author Denver Posts:2,526 Points:646,990 Joined:Jun 2011	Message Posted: Apr 29, 2012 2:43:27 PM Ignore vjs3 Report Abuse Ours went up a few cents this week.
Urlicht Sophomore Author Calgary Posts:134 Points:288,665 Joined:May 2011	Message Posted: Apr 29, 2012 2:22:38 PM Ignore Urlicht Report Abuse A 2 cent drop after consistent increases of 20+ cents is not news CNN.
BUSMAN1105 Champion Author Atlanta Posts:2,148 Points:1,168,115 Joined:Aug 2008	Message Posted: Apr 29, 2012 2:12:22 PM Ignore BUSMAN1105 Report Abuse IT NEEDS TO DROP MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
krashe Rookie Author Michigan Posts:6 Points:20,780 Joined:Mar 2012	Message Posted: Apr 29, 2012 11:23:09 AM Ignore krashe Report Abuse Not around here either - and it depends on if there is a holiday coming. Prices seem to drop just before the holiday and then go back up on/near that day!! Last week gas was 3.75 and yesterday I paid 3.89!! Prices around here change just as often as our weather does.
Norm10 Champion Author British Columbia Posts:3,332 Points:162,475 Joined:Dec 2010	Message Posted: Apr 29, 2012 10:03:15 AM Ignore Norm10 Report Abuse Not around here - they are just not going up as fast!
blupupher Champion Author Houston Posts:3,534 Points:745,120 Joined:Feb 2011	Message Posted: Apr 29, 2012 9:55:40 AM Ignore blupupher Report Abuse wish they would drop, they have not moved in over a week here.
gs7101 Champion Author San Antonio Posts:5,508 Points:387,245 Joined:Jun 2009	Message Posted: Apr 29, 2012 9:50:30 AM Ignore gs7101 Report Abuse Gas prices are not falling nearly as fast as they rise!
FPLREP Champion Author Virginia Posts:8,246 Points:2,445,325 Joined:Oct 2005	Message Posted: Apr 29, 2012 8:57:01 AM Ignore FPLREP Report Abuse Jeff4U is that a typo $2.64 per gallon, really. Here the lowest is $3.73 per gallon.
kenji554 Champion Author Charlotte Posts:1,216 Points:510,575 Joined:Jun 2011	Message Posted: Apr 29, 2012 8:37:53 AM Ignore kenji554 Report Abuse More stable really.
BBopp Champion Author Dayton Posts:6,824 Points:1,935,430 Joined:Dec 2006	Message Posted: Apr 29, 2012 7:56:32 AM Ignore BBopp Report Abuse Our prices jumped about 30 cents this past week. Bring on the lower prices!
Amplion Champion Author Oregon Posts:6,751 Points:1,862,135 Joined:Sep 2005	Message Posted: Apr 29, 2012 4:51:05 AM Ignore Amplion Report Abuse NOT FOR LONG !!!
Grizdad Champion Author San Bernardino Posts:5,520 Points:781,525 Joined:Oct 2010	Message Posted: Apr 29, 2012 4:36:09 AM Ignore Grizdad Report Abuse $4.00 in crazy CA!
72_Monte Champion Author Twin Cities Posts:7,755 Points:1,993,535 Joined:Aug 2005	Message Posted: Apr 29, 2012 4:31:17 AM Ignore 72_Monte Report Abuse Let's see it.
WalRus49 Champion Author Boston Posts:4,060 Points:865,940 Joined:Nov 2010	Message Posted: Apr 29, 2012 4:30:09 AM Ignore WalRus49 Report Abuse Bunk!
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Apr 29, 2012 3:50:16 AM Ignore LEGION57 Report Abuse Huraaaahhhhhh $3.40 by me too!
abacus44 Champion Author Toms River Posts:3,465 Points:745,565 Joined:Jan 2011	Message Posted: Apr 29, 2012 2:56:51 AM Ignore abacus44 Report Abuse Damn speculators, driving the price lower! LOL
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 29, 2012 1:13:58 AM Ignore anascom Report Abuse probably lower than last year at this time. but still high here in Ontario !
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,849,445 Joined:Nov 2004	Message Posted: Apr 29, 2012 12:23:12 AM Ignore Jeff4U Report Abuse Not here. Prices have stagnated and are stuck at $2.64 per gallon.
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Apr 29, 2012 12:09:00 AM Ignore jetskijerry Report Abuse They can still raise it instantaneously
JohnofGB Champion Author Flint Posts:5,406 Points:1,093,270 Joined:Feb 2010	Message Posted: Apr 29, 2012 12:06:22 AM Ignore JohnofGB Report Abuse A temporary condition at best.
alterman156 Champion Author New York Posts:7,470 Points:1,554,600 Joined:Dec 2008	Message Posted: Apr 28, 2012 11:06:06 PM Ignore alterman156 Report Abuse I have seen a few stations in my area lower the price of gasoline.
lesndave Champion Author Texas Posts:3,022 Points:698,130 Joined:May 2011	Message Posted: Apr 28, 2012 10:44:09 PM Ignore lesndave Report Abuse Coming down, just not quickly enough
Cashless Champion Author Akron Posts:3,505 Points:731,380 Joined:Apr 2011	Message Posted: Apr 28, 2012 9:32:06 PM Ignore Cashless Report Abuse I'm o.k. with gas prices dropping. Keep on falling.
ExplorerWA Champion Author Washington Posts:4,062 Points:794,225 Joined:Feb 2011	Message Posted: Apr 28, 2012 9:25:14 PM Ignore ExplorerWA Report Abuse It has dropped here as well. I hope this is a trend.
PDQBlues Champion Author San Diego Posts:7,059 Points:1,445,400 Joined:Jan 2009	Message Posted: Apr 28, 2012 8:53:10 PM Ignore PDQBlues Report Abuse The drop seems faster then it was last week.
schatzila Champion Author Los Angeles Posts:4,934 Points:1,013,695 Joined:Jun 2010	Message Posted: Apr 28, 2012 8:33:56 PM Ignore schatzila Report Abuse It has over here.
jjjleblanc Champion Author Rochester Posts:5,862 Points:1,516,380 Joined:Jun 2008	Message Posted: Apr 28, 2012 7:27:43 PM Ignore jjjleblanc Report Abuse I've seen a couple go down.
ClarkSC Champion Author South Carolina Posts:3,063 Points:1,008,480 Joined:May 2010	Message Posted: Apr 28, 2012 7:05:04 PM Ignore ClarkSC Report Abuse Today lower, tomorrow higher.
amerk73 Champion Author Dallas Posts:7,033 Points:1,618,115 Joined:Oct 2008	Message Posted: Apr 28, 2012 6:54:31 PM Ignore amerk73 Report Abuse fall but still high here $3.58
Wanda127 Champion Author Florida Posts:2,484 Points:912,080 Joined:May 2010	Message Posted: Apr 28, 2012 6:21:49 PM Ignore Wanda127 Report Abuse Sam's is down to $3.72 in Port Charlotte which is about a 17 cent drop in the last 2 weeks but most stations in this area is around $3.76 - $3.83 in SW FL area. I would love to see a real good drop in the prices soon.
tnfran Champion Author Arizona Posts:4,368 Points:840,240 Joined:Dec 2010	Message Posted: Apr 28, 2012 5:56:04 PM Ignore tnfran Report Abuse Just tidbits of bait to make us 'feel good about the miniscule drops' in fuel pricing.
spotterjoe Rookie Author Nevada Posts:83 Points:17,720 Joined:Apr 2012	Message Posted: Apr 28, 2012 4:39:47 PM Ignore spotterjoe Report Abuse Prices have dropped by a $.05/gallon in the past 4 days in Ventura County Ca but still are at or above the $4.00/ mark
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Apr 28, 2012 4:34:45 PM Ignore BuckyTJones Report Abuse I hear the talk but don't see it. Holding steady.
PathfinderSC Champion Author South Carolina Posts:9,506 Points:1,827,940 Joined:Mar 2008	Message Posted: Apr 28, 2012 4:15:18 PM Ignore PathfinderSC Report Abuse Down a few cent over the last week.
jeyrivera89 Rookie Author Boston Posts:40 Points:57,520 Joined:Nov 2011	Message Posted: Apr 28, 2012 3:47:33 PM Ignore jeyrivera89 Report Abuse it's dropped by at least 10c around here. hopefully it keeps going
BUSMAN1105 Champion Author Atlanta Posts:2,148 Points:1,168,115 Joined:Aug 2008	Message Posted: Apr 28, 2012 3:41:01 PM Ignore BUSMAN1105 Report Abuse THAT'S GREAT NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
TomT2Lee Champion Author Cincinnati Posts:5,349 Points:1,595,445 Joined:Sep 2005	Message Posted: Apr 28, 2012 3:12:18 PM Ignore TomT2Lee Report Abuse LOL! People, wake up. Has the government stopped its debt craze? Has the Federal Reserve put the US dollar back on a gold standard base line? NO. Even if the answers were yes, the damage to the financial system is to massive. Higher gas prices are a given. Simply enjoy the lower gas prices while you can and get ready for higher prices in the future.
DieselDonWA Rookie Author Seattle Posts:55 Points:310,050 Joined:Dec 2010	Message Posted: Apr 28, 2012 3:08:05 PM Ignore DieselDonWA Report Abuse We need that trend to continue indefinitely ...
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Apr 28, 2012 2:41:56 PM Ignore dh0770 Report Abuse They've conditioned the sheep early this year, now they'll tease to make it "feel" better before the next round of gouging begins!
TripleHs Champion Author Austin Posts:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Apr 28, 2012 2:39:47 PM Ignore TripleHs Report Abuse good, and go lower
Nancy&Len Champion Author Cleveland Posts:2,038 Points:1,942,890 Joined:Sep 2004	Message Posted: Apr 28, 2012 2:37:26 PM Ignore Nancy&Len Report Abuse Prices just went up $.20 around here yesterday.
race2IT Champion Author Fort Worth Posts:1,767 Points:722,465 Joined:Oct 2008	Message Posted: Apr 28, 2012 2:32:15 PM Ignore race2IT Report Abuse Only coming down by a few pennies, instead nickels and dimes. In one day or I should say one morning, it was $3.03 or something like that; when I came home that evening it was $3.23. Now, what's up with that? That's all the way wrong, you know what I meant.
humblepie Champion Author Toledo Posts:34,101 Points:2,368,445 Joined:Mar 2006	Message Posted: Apr 28, 2012 2:10:20 PM Ignore humblepie Report Abuse went up 23 cents a gallon here overnight so much for down around here i guess
jjjleblanc Champion Author Rochester Posts:5,862 Points:1,516,380 Joined:Jun 2008	Message Posted: Apr 28, 2012 2:06:18 PM Ignore jjjleblanc Report Abuse That sounds great.
Luckylindy Champion Author Milwaukee Posts:4,499 Points:1,124,145 Joined:May 2008	Message Posted: Apr 28, 2012 1:17:24 PM Ignore Luckylindy Report Abuse Still rising here. I guess Odummers chearleaders are at work.
rjojo40 Champion Author Las Vegas Posts:7,359 Points:1,072,920 Joined:Feb 2004	Message Posted: Apr 28, 2012 1:08:03 PM Ignore rjojo40 Report Abuse If it's down we want, then Lower them Prices!!!
Rockyguitar Champion Author Tampa Posts:2,552 Points:1,199,745 Joined:Sep 2008	Message Posted: Apr 28, 2012 1:03:18 PM Ignore Rockyguitar Report Abuse KEEP GOING!!!