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Did Gas Prices Really Just Peak? Already?

Time -- Don’t rev your engines in celebration just yet. But even though Memorial Day is several weeks off, and even though gas prices tend to rise through the onset of summer, some experts are saying that prices at the pump have already soared as high as they will, at least through the near future.

Read more: http://moneyland.time.com/2012/04/12/did-gas-prices-really-just-peak-already/#ixzz1sA8FJtCl

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Submitted Apr 15, 2012 By: HighOctane

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DanMtz Champion Author Oakland Posts:3,350 Points:1,242,350 Joined:Oct 2009	Message Posted: Apr 16, 2012 10:23:28 PM Ignore DanMtz Report Abuse They peaked for a month or so, maybe.
nannieb43 Rookie Author Georgia Posts:24 Points:96,235 Joined:Feb 2012	Message Posted: Apr 16, 2012 11:56:24 AM Ignore nannieb43 Report Abuse It's constantly up a lot and down a little. Another "don't count your chickens....".
DesertRat2011 Champion Author Riverside Posts:3,618 Points:485,805 Joined:Jun 2011	Message Posted: Apr 16, 2012 11:36:20 AM Ignore DesertRat2011 Report Abuse Down to $4.01 around here which is a drop of 28 cents from there high. They seem to be going down not as fast as they went up.
crep1291 Champion Author Ottawa Posts:2,579 Points:481,045 Joined:Dec 2010	Message Posted: Apr 16, 2012 7:40:24 AM Ignore crep1291 Report Abuse Then the government should increase the tax on gasoline, because it will be harder to do next year when prices continue their ascension.
dgerst Champion Author South Carolina Posts:2,708 Points:556,025 Joined:Aug 2008	Message Posted: Apr 16, 2012 5:27:18 AM Ignore dgerst Report Abuse I believe it. Prices are coming down near me in SC.
RichardoB Champion Author Fayetteville Posts:8,002 Points:2,003,185 Joined:Jun 2007	Message Posted: Apr 16, 2012 5:26:42 AM Ignore RichardoB Report Abuse Seems highly unlikely.
scu227 Champion Author New Haven Posts:4,152 Points:771,880 Joined:Feb 2011	Message Posted: Apr 16, 2012 5:22:59 AM Ignore scu227 Report Abuse Still on the rise here!
rbrk02 Champion Author Rhode Island Posts:5,736 Points:817,005 Joined:Jan 2011	Message Posted: Apr 16, 2012 3:29:30 AM Ignore rbrk02 Report Abuse Hope so...
WalRus49 Champion Author Boston Posts:4,075 Points:868,865 Joined:Nov 2010	Message Posted: Apr 16, 2012 3:15:15 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage.............
Road4Runner Sophomore Author Ontario Posts:170 Points:13,380 Joined:Apr 2012	Message Posted: Apr 16, 2012 2:26:59 AM Ignore Road4Runner Report Abuse Petro prices are fluctuating daily .. gas buddies watchful eyes on the market & supporting one another through the tips posted on this forum can help and be most encouraging.
Pozole Champion Author Portland Posts:9,597 Points:1,594,520 Joined:Mar 2005	Message Posted: Apr 16, 2012 1:58:17 AM Ignore Pozole Report Abuse ...no, they only burped..
vjs3 Champion Author Denver Posts:2,541 Points:649,915 Joined:Jun 2011	Message Posted: Apr 15, 2012 11:13:43 PM Ignore vjs3 Report Abuse I can only hope that they've peaked.
KAR120CSII Champion Author Oregon Posts:3,182 Points:621,570 Joined:Apr 2010	Message Posted: Apr 15, 2012 10:40:50 PM Ignore KAR120CSII Report Abuse Must mean some government officials are starting to look into collusion and price fixing?
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 15, 2012 10:14:32 PM Ignore anascom Report Abuse Gas prices have been peaking for a long time.
mpg611 Champion Author Cleveland Posts:2,334 Points:569,545 Joined:Apr 2011	Message Posted: Apr 15, 2012 9:25:21 PM Ignore mpg611 Report Abuse Gas prices have been peaking for a long time.
1momsunshine Champion Author Ottawa Posts:5,490 Points:1,000,580 Joined:Mar 2010	Message Posted: Apr 15, 2012 9:20:29 PM Ignore 1momsunshine Report Abuse ok
335d1 Champion Author Virginia Posts:2,381 Points:759,045 Joined:Feb 2011	Message Posted: Apr 15, 2012 9:13:43 PM Ignore 335d1 Report Abuse We can hope.
CdnLynx Champion Author Ontario Posts:1,021 Points:523,150 Joined:May 2008	Message Posted: Apr 15, 2012 9:09:05 PM Ignore CdnLynx Report Abuse They're correct, they peaked for the day! Tomorrow, they will peak again, next day another peak, etc.
dorisntx Champion Author Fort Worth Posts:2,079 Points:645,855 Joined:Apr 2011	Message Posted: Apr 15, 2012 8:50:13 PM Ignore dorisntx Report Abuse ok
amerk73 Champion Author Dallas Posts:7,046 Points:1,621,000 Joined:Oct 2008	Message Posted: Apr 15, 2012 8:49:57 PM Ignore amerk73 Report Abuse not bad
humblepie Champion Author Toledo Posts:34,223 Points:2,371,370 Joined:Mar 2006	Message Posted: Apr 15, 2012 8:49:33 PM Ignore humblepie Report Abuse doubtful
lesndave Champion Author Texas Posts:3,037 Points:701,155 Joined:May 2011	Message Posted: Apr 15, 2012 8:48:10 PM Ignore lesndave Report Abuse Only time will tell. Who's the GasBuddy expert??
leemun Champion Author Utah Posts:5,533 Points:1,040,125 Joined:May 2010	Message Posted: Apr 15, 2012 8:26:26 PM Ignore leemun Report Abuse You gotta read the whole article. It says Gasbuddy has an expert.
PCWHIZ All-Star Author Denver Posts:578 Points:439,750 Joined:May 2004	Message Posted: Apr 15, 2012 8:22:55 PM Ignore PCWHIZ Report Abuse I hope it's true.
Jeff1944 Champion Author South Dakota Posts:4,232 Points:1,074,480 Joined:Jan 2010	Message Posted: Apr 15, 2012 8:18:01 PM Ignore Jeff1944 Report Abuse Post my comment as questioning the answer.. It is either up, down or the same. Just wait and see.
roadrunnin Champion Author Richmond Posts:1,749 Points:564,160 Joined:May 2008	Message Posted: Apr 15, 2012 8:17:56 PM Ignore roadrunnin Report Abuse NOT even close to the peak
dond Rookie Author Hawaii Posts:89 Points:191,045 Joined:Apr 2012	Message Posted: Apr 15, 2012 8:04:02 PM Ignore dond Report Abuse Everyones comments are the same as mine! Skeptical!
Venzadriver Champion Author Florida Posts:1,325 Points:360,865 Joined:Dec 2010	Message Posted: Apr 15, 2012 7:58:22 PM Ignore Venzadriver Report Abuse So when do we see <$2 per gallon? Never.
DandyDapple All-Star Author North Dakota Posts:715 Points:310,820 Joined:Sep 2008	Message Posted: Apr 15, 2012 7:54:33 PM Ignore DandyDapple Report Abuse I'll believe it when I DON'T see it ... the rise that is ...
esq262 Champion Author Asheville Posts:2,897 Points:648,115 Joined:Jul 2011	Message Posted: Apr 15, 2012 7:52:45 PM Ignore esq262 Report Abuse I will believe it when I see it.
eppylover Sophomore Author Grand Rapids Posts:231 Points:38,180 Joined:Nov 2009	Message Posted: Apr 15, 2012 7:46:22 PM Ignore eppylover Report Abuse Feh. Since when has Time magazine been accurate about something like this?
bills299 Champion Author Atlanta Posts:3,366 Points:904,490 Joined:May 2005	Message Posted: Apr 15, 2012 7:34:49 PM Ignore bills299 Report Abuse Don't hold your breath!!
benjy Champion Author Chicago Posts:8,592 Points:1,788,370 Joined:Nov 2003	Message Posted: Apr 15, 2012 7:22:43 PM Ignore benjy Report Abuse looks like until a major disaster occurs.. maybe
Blue48 Champion Author Illinois Posts:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: Apr 15, 2012 7:17:29 PM Ignore Blue48 Report Abuse DON'T THINK SO!
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Apr 15, 2012 7:13:05 PM Ignore TRYWI Report Abuse Summer Blend not here yet! $$$$$$$$$
katmandue Champion Author Detroit Posts:8,071 Points:2,134,120 Joined:Jul 2006	Message Posted: Apr 15, 2012 7:03:36 PM Ignore katmandue Report Abuse not yet they haven't not till July
portlandcat Champion Author Tennessee Posts:1,918 Points:346,210 Joined:Apr 2011	Message Posted: Apr 15, 2012 6:56:15 PM Ignore portlandcat Report Abuse I don't believe it
Goody2317 All-Star Author Wilmington Posts:680 Points:619,255 Joined:Jun 2008	Message Posted: Apr 15, 2012 6:52:16 PM Ignore Goody2317 Report Abuse Seeing is believing. When they drop down to $3.00 and below, then I'll believe they peaked.
Yankee829 Champion Author Dallas Posts:2,206 Points:559,590 Joined:Sep 2010	Message Posted: Apr 15, 2012 6:47:40 PM Ignore Yankee829 Report Abuse Ok
hubie24 Veteran Author Michigan Posts:315 Points:204,080 Joined:Jul 2010	Message Posted: Apr 15, 2012 6:43:45 PM Ignore hubie24 Report Abuse I highly doubt that they have reached their peak. Hurricane season is in August. Summer travel is in June thru August.