In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Sunday, March 31, 2013

Gasoline Prices down 12 cents over last month

by Calculated Risk on 3/31/2013 10:59:00 AM

From the USA Today: Pain at the pump: Have gas prices peaked for 2013?

After surging nearly 60 cents a gallon from late December to a recent peak of $3.79 on Feb. 27, prices have fallen for 25 of the past 29 days. Nationally, regular grade gas averages $3.64 a gallon -- 28 cents below year-ago levels.

The month-long drop has come at a time when gasoline prices typically climb, prompting some industry forecasters to rethink early 2013 estimates of $4 a gallon or higher by the peak summer driving season.

Patrick DeHaan, senior petroleum analyst for price tracker, now expects average prices to peak at $3.64 to $3.69, versus the $3.95 he predicted in January.
The following graph shows the recent decrease in gasoline prices. Gasoline prices have been on a roller coaster over the last year.

Note: If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by

Summary for Week Ending March 29th
Schedule for Week of March 31st