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Record Labor Day gas prices won't last

CNN Money -- Gas prices are higher than they've been going into any other Labor Day weekend on record, but experts predict some relief at the pump is coming fairly soon.

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Submitted Sep 03, 2012 By: goalie1950

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DesertRat2011 Champion Author Riverside Posts:3,756 Points:510,555 Joined:Jun 2011	Message Posted: Sep 6, 2012 7:43:28 AM Ignore DesertRat2011 Report Abuse Record prices wouldn't last how true, they went up again around here :(
sparky808 Champion Author Honolulu Posts:3,134 Points:623,710 Joined:Sep 2011	Message Posted: Sep 4, 2012 4:35:46 PM Ignore sparky808 Report Abuse Thank you for posting.
DesertRat2011 Champion Author Riverside Posts:3,756 Points:510,555 Joined:Jun 2011	Message Posted: Sep 4, 2012 7:27:20 AM Ignore DesertRat2011 Report Abuse Yea we'll see
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: Sep 4, 2012 6:31:18 AM Ignore Norm10 Report Abuse Are people actually paid to write these articles?
crep1291 Champion Author Ottawa Posts:2,636 Points:486,070 Joined:Dec 2010	Message Posted: Sep 4, 2012 5:53:19 AM Ignore crep1291 Report Abuse I wished Premium was this cheap here. The cheapeast available premium here is at Costco at +0.06$/litre over regular. Most other places sell it at +0.20$/litre (0.756$/gal) over regular.
eomc17 Champion Author Tucson Posts:1,840 Points:135,330 Joined:Mar 2007	Message Posted: Sep 4, 2012 1:11:02 AM Ignore eomc17 Report Abuse Big Oil will just burn or blow up another refinery or find a leaky or ruptured pipeline to jack up gas prices. Then the greedy speculators will blame Bernanke (no QE3 yet), Italy (no bailout yet), Spain (no bailout yet), Iran (does not produce WTI crude, specutraitors), ethanol (yes, this, too), more oil and gas exports, the dollar (at 1.25$ for the euro, on a ten year high end in value vs the euro), unrest in Syria and in your backyards, Ronald McDonald...Sorry Ron, I had to blame SOMEBODY for nine years of ''legal'' oil and price-fixing due in part to virtually no regulation to stop speculators from jacking up oil and gas prices to the stratosphere, folks. Obama won't regulate the speculators so we can only hope that Romney will. Gas and food prices will be higher next year under Obama and even higher the year after that, even though oil prices are nowhere near all-time highs because Obama does not care how much we pay for gas, folks. If he really did, he would have "reigned in speculators" or reversed some of Bush's bad moves to deregulate commodity trading while he was president. Gas prices are at all-time highs for this time of year, completely ignoring true supply and demand for this commodity. Our demand for gasoline is at an 11 year low, meaning that gas prices should be under 2$, not anywhere near 4$. I know this sounds like a comment from an uneducated buffoon but I have followed gas and oil prices since 2003, when gas prices shot up from 1.06$ (Jan 2003) to 1.91$ (July 2003) at my favorite station in six months, when Bush sent our troops to invaded Iraq. We were all understandably outraged by such a huge jump in gas prices but big oil did not stop there, have made all-time high profits since then. All I can say is that I am very happy to no longer drive a car except for when I need to rent one. But it's sad when what you pay for gas is at times multiple times what you pay per day for the rental car. Last time I got a car, I paid 15$ per day for two days for the car and a whopping 72$ for gas while driving only 300 miles, I was stumped, couldn't believe how much my gas bill was for driving a so-called "fuel-efficient" Ford Fusion. The car informed under the dashboard per on-board computer that I was getting 29.6 miles a gallon but it was actually about half that. [Edited by: eomc17 at 9/4/2012 4:14:11 AM EST]
BluWahoo Champion Author Pensacola Posts:3,341 Points:405,010 Joined:Mar 2012	Message Posted: Sep 3, 2012 9:40:24 PM Ignore BluWahoo Report Abuse gas prices are starting to decrease...but haven't enough for certain
bcok Champion Author Los Angeles Posts:2,176 Points:1,554,545 Joined:Oct 2005	Message Posted: Sep 3, 2012 9:32:00 PM Ignore bcok Report Abuse It's about time. get those gas prices down.
rahcat Champion Author Grand Rapids Posts:2,676 Points:688,925 Joined:Jan 2010	Message Posted: Sep 3, 2012 9:11:17 PM Ignore rahcat Report Abuse Don't believe the liberal CNN Obama suckups. Gas prices won't go down as rapidly as they went up.
WalRus49 Champion Author Boston Posts:4,205 Points:894,615 Joined:Nov 2010	Message Posted: Sep 3, 2012 9:09:45 PM Ignore WalRus49 Report Abuse More organized mayhem and pillage...............
Toppers Champion Author Atlanta Posts:9,142 Points:2,497,195 Joined:Mar 2005	Message Posted: Sep 3, 2012 9:02:40 PM Ignore Toppers Report Abuse Long wayyyyy to go.
SBlouch Champion Author San Antonio Posts:8,828 Points:1,883,375 Joined:Apr 2007	Message Posted: Sep 3, 2012 9:00:29 PM Ignore SBlouch Report Abuse I will believe it when it happens then the gas price at the pump go down 20-30 cents or more.
paulydel Champion Author Delaware Posts:8,892 Points:858,030 Joined:Jan 2008	Message Posted: Sep 3, 2012 8:58:03 PM Ignore paulydel Report Abuse I hope not but they will still be high.
clermont40miles Champion Author Cincinnati Posts:10,747 Points:1,798,620 Joined:Apr 2008	Message Posted: Sep 3, 2012 8:57:34 PM Ignore clermont40miles Report Abuse We'll see. So far GREEDway (Speedway) is keeping the Midwest at sky high prices. Ought to be 30cts less per gallon per market prices. Legal robbery at the pump continues. No sheriff in town. CFTC where are you?
GigHarborHound Champion Author Tacoma Posts:2,664 Points:513,265 Joined:Sep 2011	Message Posted: Sep 3, 2012 8:52:41 PM Ignore GigHarborHound Report Abuse We'll see!!
budman1035 Champion Author St. Louis Posts:2,828 Points:670,450 Joined:Jul 2011	Message Posted: Sep 3, 2012 8:52:24 PM Ignore budman1035 Report Abuse Please define "fairly soon"!
Sody33 Champion Author Las Vegas Posts:15,946 Points:1,870,860 Joined:Oct 2005	Message Posted: Sep 3, 2012 8:51:19 PM Ignore Sody33 Report Abuse Sure, Big Oil takes every advantage it can.
cdanielwyke Champion Author Greensboro Posts:2,480 Points:594,930 Joined:Sep 2008	Message Posted: Sep 3, 2012 8:50:51 PM Ignore cdanielwyke Report Abuse Investors read this and say, "Oh yeah? Watch this!"
bonzoonfmb Champion Author Florida Posts:1,817 Points:663,410 Joined:Feb 2010	Message Posted: Sep 3, 2012 8:50:28 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
jon_laura5 Champion Author Cleveland Posts:19,432 Points:3,463,945 Joined:Sep 2003	Message Posted: Sep 3, 2012 8:48:34 PM Ignore jon_laura5 Report Abuse yea right...
mil2008 All-Star Author San Jose Posts:540 Points:1,291,595 Joined:Mar 2008	Message Posted: Sep 3, 2012 8:44:57 PM Ignore mil2008 Report Abuse ok
us4usa Champion Author Missouri Posts:6,118 Points:1,136,670 Joined:May 2008	Message Posted: Sep 3, 2012 8:42:45 PM Ignore us4usa Report Abuse Now is the time station owners greed keeps the higher gas prices...
must87searcher Champion Author Maryland Posts:9,112 Points:1,806,200 Joined:Apr 2008	Message Posted: Sep 3, 2012 8:37:59 PM Ignore must87searcher Report Abuse There will always be question when it comes too the price of gas.
FlyNFool Champion Author South Carolina Posts:8,374 Points:1,711,700 Joined:Aug 2008	Message Posted: Sep 3, 2012 8:36:24 PM Ignore FlyNFool Report Abuse We shall see.
abcdMA Champion Author Worcester Posts:8,047 Points:1,599,755 Joined:Nov 2008	Message Posted: Sep 3, 2012 8:36:15 PM Ignore abcdMA Report Abuse unless another storm comes along,
mdskier Champion Author Maryland Posts:10,066 Points:1,808,390 Joined:Aug 2005	Message Posted: Sep 3, 2012 8:35:43 PM Ignore mdskier Report Abuse We've heard this before. I'll believe it when I see it.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Sep 3, 2012 8:34:36 PM Ignore mstearno Report Abuse January will be big
bevmill Champion Author Georgia Posts:2,711 Points:626,275 Joined:Apr 2006	Message Posted: Sep 3, 2012 8:31:51 PM Ignore bevmill Report Abuse ok
rohiah10 Sophomore Author Boston Posts:180 Points:734,250 Joined:Apr 2010	Message Posted: Sep 3, 2012 8:28:30 PM Ignore rohiah10 Report Abuse Now that two full moons have passed in one month, maybe these gas station owners will come back to earth and lower their prices to where they were!!! Lol
carpenter4u Champion Author Virginia Posts:2,476 Points:637,270 Joined:Jul 2011	Message Posted: Sep 3, 2012 8:27:10 PM Ignore carpenter4u Report Abuse Nov. is coming soon
gsayeg1 All-Star Author Milwaukee Posts:872 Points:150,400 Joined:Jun 2008	Message Posted: Sep 3, 2012 8:27:09 PM Ignore gsayeg1 Report Abuse thats what they said last month
Lucky0ne Champion Author Illinois Posts:1,396 Points:322,620 Joined:Mar 2012	Message Posted: Sep 3, 2012 8:27:08 PM Ignore Lucky0ne Report Abuse Next it will be Halloween price spikes
fredtheturd Sophomore Author Kansas Posts:201 Points:430,825 Joined:May 2011	Message Posted: Sep 3, 2012 8:26:37 PM Ignore fredtheturd Report Abuse Promises, promises....
861270 All-Star Author Toledo Posts:827 Points:513,440 Joined:Sep 2002	Message Posted: Sep 3, 2012 8:26:32 PM Ignore 861270 Report Abuse IF ALL THE FOOLS WOULD NOT BUY IT THOSE 3 DAYS ON LABOR DAY PRICE WOULD HAVE TO FALL ON GAS
dirt girl Champion Author Twin Cities Posts:36,084 Points:3,098,055 Joined:Oct 2004	Message Posted: Sep 3, 2012 8:26:00 PM Ignore dirt girl Report Abuse If the price of corn continues to rise, the price of gas will too.
ScottE Champion Author Orange County Posts:4,355 Points:2,217,040 Joined:May 2002	Message Posted: Sep 3, 2012 8:24:42 PM Ignore ScottE Report Abuse IF we conserve Big Oil sells (EXCESS We Saved)it overseas(SO AMERICA ETC. at big profit! They have to be penalized for doing the wrong thing and Jacking up our Prices for USa doing the right THING!!!!!!
markiesm Rookie Author Fort Worth Posts:79 Points:428,570 Joined:Nov 2008	Message Posted: Sep 3, 2012 8:17:44 PM Ignore markiesm Report Abuse If we just conserve, prices will drop
WIPACKERFAN Champion Author Chicago Posts:8,934 Points:1,869,200 Joined:Aug 2005	Message Posted: Sep 3, 2012 8:16:39 PM Ignore WIPACKERFAN Report Abuse We pay the highest prices in CHicago. Prices will drop here after everyone else will see relief.
Bezalel Champion Author Oklahoma City Posts:12,228 Points:2,316,485 Joined:Oct 2006	Message Posted: Sep 3, 2012 8:13:24 PM Ignore Bezalel Report Abuse "Experts" were predicting a drop right before the quarter or so increase.
sydb7 Champion Author Atlanta Posts:3,651 Points:1,940,845 Joined:Mar 2003	Message Posted: Sep 3, 2012 8:12:28 PM Ignore sydb7 Report Abuse Prices will drop very, very slowly!!
jrsva Champion Author Virginia Posts:9,993 Points:1,638,975 Joined:Jan 2006	Message Posted: Sep 3, 2012 8:12:16 PM Ignore jrsva Report Abuse “political BS - what data do they have to substantiate this absurd statement?” With the end of summer driving season and hurricane season nearly over and a return to winter-blend gasoline coming soon, you have three forces pushing for a decline in prices. With the election looming, political forces may help too. I fully expect to see somewhat lower prices this fall.
btcscoc1 All-Star Author Los Angeles Posts:930 Points:229,535 Joined:Aug 2012	Message Posted: Sep 3, 2012 8:11:38 PM Ignore btcscoc1 Report Abuse ok
TFowler513 Champion Author Memphis Posts:3,824 Points:1,436,260 Joined:Mar 2008	Message Posted: Sep 3, 2012 8:09:44 PM Ignore TFowler513 Report Abuse If we do see relief, it will only be until the end of the election.
cupboy Champion Author Salt Lake City Posts:2,881 Points:1,146,780 Joined:Nov 2005	Message Posted: Sep 3, 2012 8:08:29 PM Ignore cupboy Report Abuse In Utah last year Labor Day prices did not go down. They went up higher after Labor Day. Actually Labor Day seemed like a bargain compared to a couple of weeks after that.
TableTalk Champion Author Virginia Posts:1,187 Points:566,635 Joined:Nov 2008	Message Posted: Sep 3, 2012 8:07:17 PM Ignore TableTalk Report Abuse I would have liked to have waited, but when that gas light came on I had to buy.
mcmonsta Champion Author Honolulu Posts:3,342 Points:843,745 Joined:Sep 2009	Message Posted: Sep 3, 2012 8:05:46 PM Ignore mcmonsta Report Abuse hopefully ....
bulbous Champion Author Ohio Posts:3,922 Points:122,015 Joined:Feb 2011	Message Posted: Sep 3, 2012 8:05:40 PM Ignore bulbous Report Abuse don't buy until the price does come down!!!!
blazerbob91 Champion Author Milwaukee Posts:6,274 Points:1,909,210 Joined:Aug 2005	Message Posted: Sep 3, 2012 8:05:38 PM Ignore blazerbob91 Report Abuse Not soon enough
radiorumor Champion Author Texas Posts:2,941 Points:779,590 Joined:Feb 2011	Message Posted: Sep 3, 2012 8:04:21 PM Ignore radiorumor Report Abuse Gasoline price will come down after Nov 6. Guess why?
serrog Champion Author Nova Scotia Posts:5,695 Points:1,537,880 Joined:Oct 2008	Message Posted: Sep 3, 2012 8:03:08 PM Ignore serrog Report Abuse Probably will go higher