now that the oil companies have increased gas prices by 40/50 cents a gallon, will they come down?

[spanone]

they appear to keep increasing?

[MANative]

1. They have come down about 15 to 20 cents per gallon in my area...

After increasing by about 50 cents. Who knows if they will continue to fall

[spanone]

2. they are still rising here in tennessee....

paid 2.85 monday and today 2.99

this is for premium @ costco

[world wide wally]

3. No

[democratisphere]

4. Corporations love tragedies so they can price gouge you even harder.

There is absolutely no reason for the gas prices to be where they currently are. I have a reservation near me and their prices continue to fall. Some of the "white men" are the greatest threat to the rest of US.

[Pope George Ringo II]

5. I'm seeing $2.36 to $2.49 locally, not counting the station near the airport rental cars

I may not get much sympathy, but that's actually high for the Houston area compared to two months ago.

[spanone]

7. here at costco where it's normally cheapest, regular is 2:49

it was 2:09 before harvey....

and premium was always about 20 cents more than reg....now it's 50 cents...

[Wellstone ruled]

6. No!!!!!!

With the Trumpers running the show,forget about competition.

[House of Roberts]

8. North Alabama: from $2.059 to $2.499,

now down to $2.399 to $2.449.

[spanone]

9. thanks, maybe ours will begin to fall soon.

[Doreen]

10. Where I am at it is 2:95-3:05 for regular at Cheveron and Shell.

From all of my years of driving I have noticed a pattern. They lower the prices that make us feel happy that they are down then they raise them and never go down again. After awhile they lower it again ( not to the price before ) and then up again to the price it stays at. This time they will make the increase a lot and probably make a very small decrease if at all before taking it up again.

[onenote]

17. Really? Did gas never get to over $3.50 where you are?

[Doreen]

19. We have seen a few cents below $4.00 before.

I can not remember when that was but I remember cussing about it and planning my outings very carefully and not going very many places and asking for gas money when I took people places.. It went down quite a bit (obviously ) but it started a constant rise and never quit except for those occasional drops to prep us for the rise. I will not be surprised if it goes back up to around that.

[dogman]

11. Not if they can continue to promote and create climate change.

It's all win-win for them.

[WillowTree]

12. Down some here in the western Chicago burbs.

Seeing it as low as $2.35 at some stations. Not all the way, but better than it was.

[ProfessorGAC]

13. They're Down 45 Cents Here

And oil companies didn't cause the spike!
Speculators, hoping the storm damage would greatly shrink supply while demand stayed flat drove up the price disproportionately to the facts.
One: one of the economic mistakes of the 80's was the law change that allowed refined goods to go to the commodities markets. It ruined the cost plus model, eliminated any need to compete on price, and created a useless layer of profit taking that added no value to either the supply or demand side
Two: at least we can take a little solace in the fact that many speculators got slaughtered when supply caught back up as fast as it did

Right now, gas here is only 10¢ above what it was pre-Harvey. That caused huge hits to people who bet on other people's misery using other people's money!

[TexasBushwhacker]

14. It won't come down nearly as fast as it went up

It's kind of like dieting. You never lose weight as quickly as you gained it.

But US oil supplies are unexpectedly high right now, so prices will be coming down eventually.

[JustABozoOnThisBus]

15. Detroit area, prices jumped to around 2.65 after Houston refineries closed, ...

... now they've slowly settled back down to pre-hurricane rates. Maybe a little lower. $2.20.

[onenote]

16. down 15 cents here

[phylny]

18. In the past 10 years, I've seen gas as high as $3+, as low as $1.69. Up and down.

It went up, it'll go down.