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TS Isaac a reason behind small bump in gas prices

GasBuddy Blog --
T.S. Issac is just a tropical storm, but it is already drawing eyes to it, and concern, as wholesale gasoline prices ceased two days of steep decline and promptly spiked after the path that showed U.S. landfall was released.

On August 16 and 17, wholesale gasoline prices, the prices that stations pay, dropped 4-9c/gal, depending on what region of the country. This led to a leveling off in the national average over last weekend. Then Monday, a new storm was developing in the tropics, which spawned a tropical disturbance- Isaac. Markets initially showed little concern, but after the storm was upgraded to a tropical depression, and then storm, markets started to shift their focus to the developing storm.

Between this...

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Submitted Aug 24, 2012 By: PD

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pricewar Champion Author Ogden Posts:1,945 Points:275,215 Joined:Jul 2012	Message Posted: Sep 26, 2012 12:12:41 AM Ignore pricewar Report Abuse IT just a bump in the road
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Sep 3, 2012 9:09:07 AM Ignore Donatelo Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 3, 2012 8:15:50 AM Ignore honda0105 Report Abuse indyjim: indeed. No need for a reason.
indyjim Champion Author Indianapolis Posts:10,094 Points:2,319,430 Joined:Jul 2006	Message Posted: Sep 2, 2012 2:47:53 PM Ignore indyjim Report Abuse Stations need no reason to raise prices........it's inevitable.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Sep 2, 2012 1:28:36 PM Ignore albert2008 Report Abuse of course
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 2, 2012 7:41:04 AM Ignore honda0105 Report Abuse funny, now that Isaac has left and Kirk and Leslie are out at sea heading to Europe, gas is dropping about 10 cents (went up 30-40 at several stations here).
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Sep 2, 2012 1:45:52 AM Ignore Donatelo Report Abuse ok
albie_4197 Champion Author Ohio Posts:1,030 Points:607,485 Joined:Sep 2001	Message Posted: Sep 1, 2012 9:47:27 PM Ignore albie_4197 Report Abuse The gas prices here in Ohio are within 5-7 cents of the before Isaac landfall
LuckyD43 Champion Author Long Island Posts:32,017 Points:2,169,045 Joined:Apr 2005	Message Posted: Sep 1, 2012 11:08:13 AM Ignore LuckyD43 Report Abuse Actually, GREED is the REAL reason behind the gas bump. Isaac was just a convenient excuse. Oh BTW, it was NOT a small bump. I do not consider a .35¢ increase a small bump.
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Sep 1, 2012 10:54:50 AM Ignore Donatelo Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Sep 1, 2012 9:24:13 AM Ignore albert2008 Report Abuse not nice
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 1, 2012 8:28:58 AM Ignore honda0105 Report Abuse of course, it's also Labor Day weekend, the end of summer driving season, so the price should drop (by the way it has been in the past...)
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 1, 2012 8:23:31 AM Ignore honda0105 Report Abuse clearly gouging since prices are now slowly dropping - at least gasoline. Diesel still too high.
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,052,470 Joined:Oct 2008	Message Posted: Aug 31, 2012 9:51:38 AM Ignore RapMassaG Report Abuse 40 cents is NOT a small bump, and it may not be done yet.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 31, 2012 9:45:50 AM Ignore albert2008 Report Abuse at least it didnt last
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 30, 2012 6:02:24 AM Ignore honda0105 Report Abuse albert: I agree. Nothing but greed. And gouging is part of the greed...
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 29, 2012 9:35:02 AM Ignore albert2008 Report Abuse plain old greed
SolarReplaceGas Champion Author Cincinnati Posts:1,010 Points:210,170 Joined:Aug 2012	Message Posted: Aug 29, 2012 7:58:17 AM Ignore SolarReplaceGas Report Abuse Pure, unadulterated greed!
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 29, 2012 6:07:21 AM Ignore honda0105 Report Abuse I don't think 20 - 30 cents is a SMALL bump.. that's closing in on 10% in a few days. I call that gouging.
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,052,470 Joined:Oct 2008	Message Posted: Aug 28, 2012 11:19:04 AM Ignore RapMassaG Report Abuse Small? We just jumped 40 cents, with more to come Thursday.
LuckyD43 Champion Author Long Island Posts:32,017 Points:2,169,045 Joined:Apr 2005	Message Posted: Aug 28, 2012 11:16:10 AM Ignore LuckyD43 Report Abuse Really??? WOW, who would've thunk it.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 28, 2012 9:16:34 AM Ignore albert2008 Report Abuse i say plain old greed behind it
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Aug 28, 2012 6:01:21 AM Ignore honda0105 Report Abuse geeez.. never would have thought that...
retired23 Sophomore Author Oakland Posts:237 Points:150,405 Joined:Mar 2012	Message Posted: Aug 27, 2012 8:54:37 PM Ignore retired23 Report Abuse Speculators on Wall Street cause these spikes......
pilotmass Champion Author Boston Posts:1,826 Points:502,680 Joined:Jul 2011	Message Posted: Aug 27, 2012 7:02:01 PM Ignore pilotmass Report Abuse More profit for the Oil companies. And their lobbyists.
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:389,835 Joined:Dec 2011	Message Posted: Aug 27, 2012 3:03:22 PM Ignore GOBUTLER Report Abuse Any reason to jack up prices!!
sparky808 Champion Author Honolulu Posts:3,003 Points:598,710 Joined:Sep 2011	Message Posted: Aug 27, 2012 1:30:31 PM Ignore sparky808 Report Abuse old post. [Edited by: sparky808 at 8/27/2012 1:30:53 PM EST]
HawaiianGuy Champion Author Idaho Posts:9,528 Points:3,079,700 Joined:May 2003	Message Posted: Aug 27, 2012 11:41:28 AM Ignore HawaiianGuy Report Abuse A small bump. Soon to be a BIG BUMP.
WBBNC Veteran Author North Carolina Posts:499 Points:488,640 Joined:Jan 2011	Message Posted: Aug 27, 2012 11:35:39 AM Ignore WBBNC Report Abuse Thay don't need a reason (they will make one) to raise gas prices
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 27, 2012 11:02:24 AM Ignore albert2008 Report Abuse not nice
91Explorer All-Star Author Dallas Posts:634 Points:1,129,615 Joined:Oct 2009	Message Posted: Aug 27, 2012 10:43:23 AM Ignore 91Explorer Report Abuse small bump?
TheRavenHeart Veteran Author Chattanooga Posts:359 Points:41,945 Joined:Apr 2012	Message Posted: Aug 27, 2012 10:34:41 AM Ignore TheRavenHeart Report Abuse "...as wholesale gasoline prices ceased two days of steep decline..." Where was this steep decline? Not at the pump, that is for sure...
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 27, 2012 9:44:45 AM Ignore DougtheEconMan Report Abuse KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full! *Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected
Nickel2005 All-Star Author Ontario Posts:818 Points:1,048,565 Joined:Aug 2008	Message Posted: Aug 27, 2012 9:20:28 AM Ignore Nickel2005 Report Abuse The usual
Spetsnaz Champion Author Dayton Posts:1,879 Points:619,480 Joined:May 2006	Message Posted: Aug 27, 2012 9:04:24 AM Ignore Spetsnaz Report Abuse Amazing how they profit on others suffering. Something is morally wrong with that!
mh44s Champion Author Madison Posts:4,389 Points:1,689,965 Joined:May 2006	Message Posted: Aug 27, 2012 8:52:16 AM Ignore mh44s Report Abuse Weekend repeat.
atomicwings Rookie Author Akron Posts:8 Points:173,935 Joined:Jan 2012	Message Posted: Aug 27, 2012 8:50:14 AM Ignore atomicwings Report Abuse Don't you love how any excuse is used to immediately and sharply raise prices for something that may happen in the future? But it takes several days to weeks for prices to slowly trickle down... The oil and gasoline industry is an effective monopoly and should be broken up...
jony Champion Author Florida Posts:7,326 Points:1,632,565 Joined:May 2006	Message Posted: Aug 27, 2012 8:49:39 AM Ignore jony Report Abuse fridays news
12766 Champion Author New York Posts:2,448 Points:1,484,390 Joined:Oct 2008	Message Posted: Aug 27, 2012 8:49:25 AM Ignore 12766 Report Abuse OK
bbreff Champion Author Atlanta Posts:9,853 Points:2,569,390 Joined:Jun 2005	Message Posted: Aug 27, 2012 8:47:18 AM Ignore bbreff Report Abuse TRUE -- BUT VERY OLD NEWS
firedudette Champion Author St. Louis Posts:11,902 Points:2,117,300 Joined:Jul 2005	Message Posted: Aug 27, 2012 8:46:39 AM Ignore firedudette Report Abuse ok
autohio Champion Author Ohio Posts:3,775 Points:820,225 Joined:Jan 2011	Message Posted: Aug 27, 2012 8:46:15 AM Ignore autohio Report Abuse Yep. Happens every time
Jamer Champion Author Las Vegas Posts:8,759 Points:1,636,260 Joined:Jul 2002	Message Posted: Aug 27, 2012 8:46:13 AM Ignore Jamer Report Abuse The speculators are having a field day with this one.
taxiken Champion Author Twin Cities Posts:5,945 Points:1,546,750 Joined:Feb 2003	Message Posted: Aug 27, 2012 8:44:52 AM Ignore taxiken Report Abuse Old news.
nerde Champion Author Florida Posts:6,418 Points:1,314,695 Joined:Jul 2009	Message Posted: Aug 27, 2012 8:44:34 AM Ignore nerde Report Abuse whatever
40mpgsaturn Champion Author Wisconsin Posts:2,495 Points:521,405 Joined:Jun 2011	Message Posted: Aug 27, 2012 8:43:33 AM Ignore 40mpgsaturn Report Abuse They always have an excuse!
GPD1739P Champion Author Illinois Posts:2,525 Points:725,605 Joined:Feb 2011	Message Posted: Aug 27, 2012 8:42:31 AM Ignore GPD1739P Report Abuse Any excuse to raise prices (valid or not) always works for speculators.
FlyNFool Champion Author South Carolina Posts:8,244 Points:1,685,200 Joined:Aug 2008	Message Posted: Aug 27, 2012 8:41:58 AM Ignore FlyNFool Report Abuse old news
DJRIO Champion Author Miami Posts:8,046 Points:1,425,585 Joined:Jan 2008	Message Posted: Aug 27, 2012 8:41:14 AM Ignore DJRIO Report Abuse old news
rcohan2 Champion Author South Carolina Posts:1,892 Points:1,258,315 Joined:Oct 2008	Message Posted: Aug 27, 2012 8:40:58 AM Ignore rcohan2 Report Abuse Wonder twins powers activate...Form of a hurricane...Shape of an oil refinery...