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Limited relief to West Coast may be coming soon

GasBuddy Blog -- Hold on to your hats, West Coasters. There may be some good news ahead: gasoline prices that have risen sharply may suddenly give way. Initial reports indicate that supply is building in the region (we'll get more details tomorrow morning), but with refineries margins on the rise as gas prices rise, you can bet they're trying hard to get back online and soak up the improved margins.

How long will it take? Even though wholesale prices took a pretty big hit today, it won't be overnight, and it might take more than a week or two. I do expect that by Memorial Day, if the situation holds steady and doesn't get any worse that we're on a track to have average prices falling in Washington, Oregon, and California by then.

Again...

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Submitted May 15, 2012 By: PD

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albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: May 25, 2012 7:52:45 AM Ignore albert2008 Report Abuse lucky them
kiosk12y Champion Author Tulsa Posts:3,610 Points:679,630 Joined:Mar 2011	Message Posted: May 25, 2012 5:37:08 AM Ignore kiosk12y Report Abuse sounds like they need relief...
1006 Champion Author Birmingham Posts:1,105 Points:1,353,440 Joined:Apr 2008	Message Posted: May 25, 2012 5:16:29 AM Ignore 1006 Report Abuse just take it down
Rehorsehay All-Star Author California Posts:871 Points:45,925 Joined:Feb 2012	Message Posted: May 18, 2012 12:47:26 PM Ignore Rehorsehay Report Abuse I hope your right, I was just about to fill my tank on the RV at $4.17, but now its up to $4.35 or more. I can wait till it goes down. I'll follow your blogs a little more closely. Thanks
CapriceWagon All-Star Author Washington Posts:929 Points:477,020 Joined:Feb 2008	Message Posted: May 18, 2012 12:11:48 PM Ignore CapriceWagon Report Abuse i'm waiting to fill my tanks
albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: May 18, 2012 10:41:05 AM Ignore albert2008 Report Abuse good for them
gazprize Veteran Author Toronto Posts:483 Points:125,120 Joined:Jan 2012	Message Posted: May 18, 2012 10:36:21 AM Ignore gazprize Report Abuse hmmmmmmmmmmmm
txrojo2005 All-Star Author Austin Posts:763 Points:477,920 Joined:May 2011	Message Posted: May 18, 2012 10:28:42 AM Ignore txrojo2005 Report Abuse I am avoiding California.
dhdiesel Veteran Author Riverside Posts:400 Points:44,800 Joined:Feb 2012	Message Posted: May 18, 2012 9:34:38 AM Ignore dhdiesel Report Abuse Local breathless breaking news... wait for it... gas prices dropped $0.06 cents per gallon. Sheesh!
garphlash Rookie Author Dallas Posts:49 Points:190,575 Joined:Mar 2012	Message Posted: May 18, 2012 7:17:17 AM Ignore garphlash Report Abuse Probably the only map on the Internet that shows the West Coast as red states.
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: May 17, 2012 10:48:29 AM Ignore Donatelo Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: May 17, 2012 7:23:20 AM Ignore albert2008 Report Abuse time tells all
Ray_10589 Champion Author New York Posts:4,941 Points:1,182,010 Joined:May 2009	Message Posted: May 17, 2012 5:41:12 AM Ignore Ray_10589 Report Abuse greed ... prices should not have risen
GAS1251 Champion Author Texas Posts:5,143 Points:1,624,505 Joined:Jun 2008	Message Posted: May 16, 2012 9:41:45 PM Ignore GAS1251 Report Abuse Wouldn't want to be there.
dollarwatcher Champion Author Wisconsin Posts:7,935 Points:1,533,270 Joined:Mar 2007	Message Posted: May 16, 2012 8:47:18 PM Ignore dollarwatcher Report Abuse 'Limited' means temporary.
my2002m Champion Author Tulsa Posts:6,064 Points:1,668,350 Joined:Jul 2008	Message Posted: May 16, 2012 8:05:12 PM Ignore my2002m Report Abuse I don't live on the west coast so doesn't impact me.
DanMtz Champion Author Oakland Posts:3,345 Points:1,241,375 Joined:Oct 2009	Message Posted: May 16, 2012 6:48:23 PM Ignore DanMtz Report Abuse Good. At least prices aren't rising anymore.
SUV2009 Champion Author Orlando Posts:4,408 Points:1,141,365 Joined:Oct 2009	Message Posted: May 16, 2012 1:22:12 PM Ignore SUV2009 Report Abuse Same Old Same Old.
rjhenn Champion Author Des Moines Posts:22,425 Points:2,227,975 Joined:Aug 2005	Message Posted: May 16, 2012 12:52:45 PM Ignore rjhenn Report Abuse Edpap - "East coast refineries were shutting done because they weren't profitable with record high prices...this article claims the opposite..." East Coast refineries weren't profitable because they depend on higher priced inported crude. "someone is blowing smoke....like Obama, one lie too many and you lose all your credibility. He even lies in his tv ads...pitiful excuse for an American!!" Lying doesn't seem to hurt his enemies' credibility.
txrojo2005 All-Star Author Austin Posts:763 Points:477,920 Joined:May 2011	Message Posted: May 16, 2012 12:45:04 PM Ignore txrojo2005 Report Abuse They do not know what they are doing.
GatorGuy Champion Author Columbia Posts:2,225 Points:1,205,560 Joined:Jan 2009	Message Posted: May 16, 2012 12:22:00 PM Ignore GatorGuy Report Abuse Good news.
greenfog Champion Author Illinois Posts:6,480 Points:1,637,070 Joined:Feb 2008	Message Posted: May 16, 2012 12:16:40 PM Ignore greenfog Report Abuse glad i don't live out there.
esorsd Champion Author St. Louis Posts:5,728 Points:1,636,790 Joined:May 2005	Message Posted: May 16, 2012 12:12:46 PM Ignore esorsd Report Abuse For their sake, I hope so...............
Tekkie Champion Author Philadelphia Posts:4,333 Points:913,630 Joined:Oct 2003	Message Posted: May 16, 2012 12:10:00 PM Ignore Tekkie Report Abuse Big truckload of Alka Selzer?
Edpap Champion Author Pennsylvania Posts:4,317 Points:504,975 Joined:Oct 2011	Message Posted: May 16, 2012 12:09:18 PM Ignore Edpap Report Abuse I thought the refineries were independent and the retailers set market price...what's going on? East coast refineries were shutting done because they weren't profitable with record high prices...this article claims the opposite...someone is blowing smoke....like Obama, one lie too many and you lose all your credibility. He even lies in his tv ads...pitiful excuse for an American!!
CAD69 Champion Author Milwaukee Posts:3,196 Points:844,290 Joined:Nov 2010	Message Posted: May 16, 2012 12:09:12 PM Ignore CAD69 Report Abuse More speculation!
firechief Champion Author New York Posts:3,436 Points:2,064,425 Joined:Mar 2004	Message Posted: May 16, 2012 12:09:08 PM Ignore firechief Report Abuse :(
srchr Champion Author San Jose Posts:7,241 Points:1,618,060 Joined:Apr 2008	Message Posted: May 16, 2012 12:08:14 PM Ignore srchr Report Abuse hurry up
Clarktj Sophomore Author Kentucky Posts:201 Points:11,700 Joined:Nov 2011	Message Posted: May 16, 2012 12:07:54 PM Ignore Clarktj Report Abuse ok
singlemom27 Champion Author Ventura Posts:3,103 Points:638,235 Joined:Apr 2011	Message Posted: May 16, 2012 12:07:19 PM Ignore singlemom27 Report Abuse Tell me the refineries in the area didn't know they had to do this? This is blatant market manipulation. Big Oil SUCKS!!!
Sha10 Veteran Author Toronto Posts:322 Points:158,800 Joined:Apr 2010	Message Posted: May 16, 2012 12:04:16 PM Ignore Sha10 Report Abuse May be the supply is building up in whole North America
packards42 Champion Author Washington Posts:6,435 Points:1,126,640 Joined:Feb 2005	Message Posted: May 16, 2012 12:03:53 PM Ignore packards42 Report Abuse YEs, the refinery are under pressure to make more profits, and if the market will bear higher prices on the west coast, I sure the refinery will accommodate the higher margins as long as they can get away.
SandeeC Champion Author Ontario Posts:2,988 Points:460,030 Joined:Apr 2011	Message Posted: May 16, 2012 12:03:19 PM Ignore SandeeC Report Abuse Same article from previous day/s. Can't believe what you don't see - and can't come soon enough.
NoStrings Champion Author Ventura Posts:1,387 Points:271,280 Joined:Aug 2011	Message Posted: May 16, 2012 12:02:40 PM Ignore NoStrings Report Abuse how many years now
carlm5 Sophomore Author Washington Posts:230 Points:142,705 Joined:Feb 2011	Message Posted: May 16, 2012 12:02:17 PM Ignore carlm5 Report Abuse Good news.... but wont hold my breathe
miiike572 All-Star Author Phoenix Posts:797 Points:524,020 Joined:Apr 2009	Message Posted: May 16, 2012 12:01:19 PM Ignore miiike572 Report Abuse ...
eye-spy Champion Author Quebec Posts:4,578 Points:2,416,645 Joined:Feb 2005	Message Posted: May 16, 2012 12:01:14 PM Ignore eye-spy Report Abuse Ya...Sure!!
OnEmptyMO Champion Author St. Louis Posts:4,983 Points:1,486,705 Joined:Mar 2008	Message Posted: May 16, 2012 12:00:03 PM Ignore OnEmptyMO Report Abuse Special blends of gas for the West Coast equal higher prices.
chillyman3 Champion Author Illinois Posts:1,355 Points:422,890 Joined:Jan 2012	Message Posted: May 16, 2012 11:59:41 AM Ignore chillyman3 Report Abuse they will find a way to raise prices in another area so they can help the west coast
Kato51 Champion Author Atlanta Posts:7,255 Points:2,162,815 Joined:Jul 2005	Message Posted: May 16, 2012 11:58:30 AM Ignore Kato51 Report Abuse I would sure like to know what the MAY means.
camaro_man Champion Author Kitchener-Waterloo Posts:2,222 Points:609,095 Joined:Jun 2010	Message Posted: May 16, 2012 11:58:03 AM Ignore camaro_man Report Abuse wow
jony Champion Author Florida Posts:7,316 Points:1,631,365 Joined:May 2006	Message Posted: May 16, 2012 11:56:31 AM Ignore jony Report Abuse sure, of course, CA needs all the help it can get
ultm8opie Champion Author Twin Cities Posts:2,189 Points:531,805 Joined:Jan 2011	Message Posted: May 16, 2012 11:55:24 AM Ignore ultm8opie Report Abuse time to pay less for a barrel of crude so the refineries can make a buck and stay in business.
oldiesman Champion Author New York Posts:6,422 Points:2,192,985 Joined:May 2006	Message Posted: May 16, 2012 11:55:22 AM Ignore oldiesman Report Abuse Down here $4.02per gallon regular!
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: May 16, 2012 11:55:13 AM Ignore uptherefiners Report Abuse key word being 'may'
jcotaxi Champion Author South Bend Posts:1,750 Points:358,030 Joined:Jun 2011	Message Posted: May 16, 2012 11:53:29 AM Ignore jcotaxi Report Abuse You don't say!
nemoFL Champion Author Florida Posts:8,791 Points:1,608,325 Joined:Oct 2008	Message Posted: May 16, 2012 11:50:33 AM Ignore nemoFL Report Abuse good
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: May 16, 2012 11:49:26 AM Ignore AuburnTim Report Abuse More proof big oil is not helping our economy to recover
SUPERQUACK Champion Author Sacramento Posts:6,116 Points:1,909,880 Joined:Jun 2007	Message Posted: May 16, 2012 11:48:38 AM Ignore SUPERQUACK Report Abuse "LIMITED" ??????????????
joeborge Champion Author Ventura Posts:2,526 Points:903,605 Joined:Jul 2004	Message Posted: May 16, 2012 11:48:11 AM Ignore joeborge Report Abuse We need the relief very soon