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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:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: May 25, 2012 8:52:45 AM Ignore albert2008 Report Abuse lucky them
kiosk12y Champion Author Tulsa Posts:3,713 Points:704,590 Joined:Mar 2011	Message Posted: May 25, 2012 6:37:08 AM Ignore kiosk12y Report Abuse sounds like they need relief...
1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: May 25, 2012 6:16:29 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 1:47:26 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 Champion Author Washington Posts:1,009 Points:503,620 Joined:Feb 2008	Message Posted: May 18, 2012 1:11:48 PM Ignore CapriceWagon Report Abuse i'm waiting to fill my tanks
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: May 18, 2012 11:41:05 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 11:36:21 AM Ignore gazprize Report Abuse hmmmmmmmmmmmm
txrojo2005 All-Star Author Austin Posts:802 Points:500,960 Joined:May 2011	Message Posted: May 18, 2012 11:28:42 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 10:34:38 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 8:17:17 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:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 17, 2012 11:48:29 AM Ignore Donatelo Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: May 17, 2012 8:23:20 AM Ignore albert2008 Report Abuse time tells all
Ray_10589 Champion Author New York Posts:5,081 Points:1,210,460 Joined:May 2009	Message Posted: May 17, 2012 6:41:12 AM Ignore Ray_10589 Report Abuse greed ... prices should not have risen
GAS1251 Champion Author Texas Posts:5,293 Points:1,653,910 Joined:Jun 2008	Message Posted: May 16, 2012 10:41:45 PM Ignore GAS1251 Report Abuse Wouldn't want to be there.
dollarwatcher Champion Author Wisconsin Posts:8,080 Points:1,562,695 Joined:Mar 2007	Message Posted: May 16, 2012 9:47:18 PM Ignore dollarwatcher Report Abuse 'Limited' means temporary.
my2002m Champion Author Tulsa Posts:6,213 Points:1,697,980 Joined:Jul 2008	Message Posted: May 16, 2012 9:05:12 PM Ignore my2002m Report Abuse I don't live on the west coast so doesn't impact me.
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: May 16, 2012 7:48:23 PM Ignore DanMtz Report Abuse Good. At least prices aren't rising anymore.
SUV2009 Champion Author Orlando Posts:4,488 Points:1,165,240 Joined:Oct 2009	Message Posted: May 16, 2012 2:22:12 PM Ignore SUV2009 Report Abuse Same Old Same Old.
rjhenn Champion Author Des Moines Posts:22,606 Points:2,256,995 Joined:Aug 2005	Message Posted: May 16, 2012 1:52:45 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:802 Points:500,960 Joined:May 2011	Message Posted: May 16, 2012 1:45:04 PM Ignore txrojo2005 Report Abuse They do not know what they are doing.
GatorGuy Champion Author Columbia Posts:2,284 Points:1,226,490 Joined:Jan 2009	Message Posted: May 16, 2012 1:22:00 PM Ignore GatorGuy Report Abuse Good news.
greenfog Champion Author Illinois Posts:6,630 Points:1,666,720 Joined:Feb 2008	Message Posted: May 16, 2012 1:16:40 PM Ignore greenfog Report Abuse glad i don't live out there.
esorsd Champion Author St. Louis Posts:5,878 Points:1,666,315 Joined:May 2005	Message Posted: May 16, 2012 1:12:46 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 1:10:00 PM Ignore Tekkie Report Abuse Big truckload of Alka Selzer?
Edpap Champion Author Pennsylvania Posts:4,491 Points:531,625 Joined:Oct 2011	Message Posted: May 16, 2012 1:09:18 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:3,346 Points:873,940 Joined:Nov 2010	Message Posted: May 16, 2012 1:09:12 PM Ignore CAD69 Report Abuse More speculation!
firechief Champion Author New York Posts:3,521 Points:2,091,150 Joined:Mar 2004	Message Posted: May 16, 2012 1:09:08 PM Ignore firechief Report Abuse :(
srchr Champion Author San Jose Posts:7,391 Points:1,646,775 Joined:Apr 2008	Message Posted: May 16, 2012 1:08:14 PM Ignore srchr Report Abuse hurry up
Clarktj Sophomore Author Kentucky Posts:201 Points:11,700 Joined:Nov 2011	Message Posted: May 16, 2012 1:07:54 PM Ignore Clarktj Report Abuse ok
singlemom27 Champion Author Ventura Posts:3,253 Points:667,885 Joined:Apr 2011	Message Posted: May 16, 2012 1:07:19 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:162,575 Joined:Apr 2010	Message Posted: May 16, 2012 1:04:16 PM Ignore Sha10 Report Abuse May be the supply is building up in whole North America
packards42 Champion Author Washington Posts:6,535 Points:1,147,920 Joined:Feb 2005	Message Posted: May 16, 2012 1:03:53 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:3,124 Points:476,535 Joined:Apr 2011	Message Posted: May 16, 2012 1:03:19 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 1:02:40 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 1:02:17 PM Ignore carlm5 Report Abuse Good news.... but wont hold my breathe
miiike572 All-Star Author Phoenix Posts:798 Points:545,440 Joined:Apr 2009	Message Posted: May 16, 2012 1:01:19 PM Ignore miiike572 Report Abuse ...
eye-spy Champion Author Quebec Posts:4,723 Points:2,445,320 Joined:Feb 2005	Message Posted: May 16, 2012 1:01:14 PM Ignore eye-spy Report Abuse Ya...Sure!!
OnEmptyMO Champion Author St. Louis Posts:5,099 Points:1,515,655 Joined:Mar 2008	Message Posted: May 16, 2012 1:00:03 PM Ignore OnEmptyMO Report Abuse Special blends of gas for the West Coast equal higher prices.
chillyman3 Champion Author Illinois Posts:1,355 Points:445,390 Joined:Jan 2012	Message Posted: May 16, 2012 12:59:41 PM 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:7,399 Points:2,191,470 Joined:Jul 2005	Message Posted: May 16, 2012 12:58:30 PM Ignore Kato51 Report Abuse I would sure like to know what the MAY means.
camaro_man Champion Author Kitchener-Waterloo Posts:2,372 Points:638,745 Joined:Jun 2010	Message Posted: May 16, 2012 12:58:03 PM Ignore camaro_man Report Abuse wow
jony Champion Author Florida Posts:7,466 Points:1,656,515 Joined:May 2006	Message Posted: May 16, 2012 12:56:31 PM Ignore jony Report Abuse sure, of course, CA needs all the help it can get
ultm8opie Champion Author Twin Cities Posts:2,218 Points:539,610 Joined:Jan 2011	Message Posted: May 16, 2012 12:55:24 PM 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:6,561 Points:2,220,615 Joined:May 2006	Message Posted: May 16, 2012 12:55:22 PM 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 12:55:13 PM Ignore uptherefiners Report Abuse key word being 'may'
jcotaxi Champion Author South Bend Posts:1,868 Points:381,890 Joined:Jun 2011	Message Posted: May 16, 2012 12:53:29 PM Ignore jcotaxi Report Abuse You don't say!
nemoFL Champion Author Florida Posts:8,936 Points:1,637,000 Joined:Oct 2008	Message Posted: May 16, 2012 12:50:33 PM Ignore nemoFL Report Abuse good
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: May 16, 2012 12:49:26 PM Ignore AuburnTim Report Abuse More proof big oil is not helping our economy to recover
SUPERQUACK Champion Author Sacramento Posts:6,247 Points:1,938,130 Joined:Jun 2007	Message Posted: May 16, 2012 12:48:38 PM Ignore SUPERQUACK Report Abuse "LIMITED" ??????????????
joeborge Champion Author Ventura Posts:2,611 Points:920,580 Joined:Jul 2004	Message Posted: May 16, 2012 12:48:11 PM Ignore joeborge Report Abuse We need the relief very soon