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Oil... and March Madness

GasBuddy Blog -- March Madness is upon us. Not only are there more basketball games than I can take in for an entire year in the next few weeks, but there have been and will continue to be rising gas prices. March Madness basketball is a tradition to many across America, but are rising gasoline prices each spring as well known? They could be- rising gas prices aren't new, and have increased every year during this time. Some years we see huge "upsets" in gas prices that no one was able to predict, but if we're scoring brackets (or should I say gas price predictions), I'm still feeling comfortable half way through the first twenty minutes.

Spring time gas price increases are predicted by many analysts and prices are likely influenced by a majority of...

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Submitted Mar 19, 2010 By: PD

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CLM06 Champion Author Tampa Posts:4,714 Points:1,118,165 Joined:Sep 2006	Message Posted: Mar 20, 2010 5:51:14 AM Ignore CLM06 Report Abuse Gas prices up economy down. What else is new?
MRED3 Champion Author Jacksonville Posts:2,270 Points:444,220 Joined:May 2009	Message Posted: Mar 20, 2010 5:51:08 AM Ignore MRED3 Report Abuse I guess it`s OK then.
HEBster Champion Author Kentucky Posts:3,958 Points:1,413,335 Joined:May 2006	Message Posted: Mar 20, 2010 5:50:48 AM Ignore HEBster Report Abuse Spring means-price up!
jimshell Champion Author Pennsylvania Posts:1,843 Points:467,180 Joined:Sep 2004	Message Posted: Mar 20, 2010 5:50:28 AM Ignore jimshell Report Abuse The biggest influences are greed and speculation.
w4kh Champion Author Riverside Posts:6,886 Points:1,280,420 Joined:May 2004	Message Posted: Mar 20, 2010 5:48:43 AM Ignore w4kh Report Abuse And all these gasoline (and diesel) price increases at the pump are happening as the price of crude oil futures drops back to near $80 a barrel... Oil companies and refiners have always stuck it to us this time of year, so why would they pass up another shot at it just because we are in a down economy?
Toppers Champion Author Atlanta Posts:4,137 Points:1,505,290 Joined:Mar 2005	Message Posted: Mar 20, 2010 5:47:13 AM Ignore Toppers Report Abuse Bascially...they're headed up...
curlypooh Champion Author New Jersey Posts:4,959 Points:1,038,140 Joined:Apr 2007	Message Posted: Mar 20, 2010 5:43:19 AM Ignore curlypooh Report Abuse Like comparing the price of gas to the amount of farts you pass!
turbosaab Champion Author Cleveland Posts:9,147 Points:1,439,640 Joined:Sep 2006	Message Posted: Mar 20, 2010 5:43:05 AM Ignore turbosaab Report Abuse The economy is damping prices now. If times were good, prices would be spiking.
redtruck01 Veteran Author North Carolina Posts:454 Points:466,995 Joined:Mar 2009	Message Posted: Mar 20, 2010 5:40:23 AM Ignore redtruck01 Report Abuse Oh yea ...The almighty DOLLAR$
southjerseyal Champion Author New Jersey Posts:8,763 Points:1,222,940 Joined:Mar 2005	Message Posted: Mar 20, 2010 5:40:14 AM Ignore southjerseyal Report Abuse There is always some excuse for rising prices no matter what the season as it's always going up...
1006 Veteran Author Birmingham Posts:306 Points:615,855 Joined:Apr 2008	Message Posted: Mar 20, 2010 5:37:02 AM Ignore 1006 Report Abuse yes capitalism beat the other alternatives, but the barriers of entry (and govt regulation) make some very large obstacles, along with a bigger bite of our paycheck.
DJRIO Champion Author Miami Posts:2,500 Points:460,525 Joined:Jan 2008	Message Posted: Mar 20, 2010 5:35:42 AM Ignore DJRIO Report Abuse it is all about the dollar
Bpers2001 All-Star Author Seattle Posts:735 Points:104,070 Joined:Nov 2009	Message Posted: Mar 20, 2010 5:34:56 AM Ignore Bpers2001 Report Abuse "Spring time gas price increases are predicted," because why? Demand hasn't gone up. The answer: Greed.
FuelBarge Champion Author Long Island Posts:4,174 Points:1,101,190 Joined:Aug 2005	Message Posted: Mar 20, 2010 5:33:33 AM Ignore FuelBarge Report Abuse Those Canadian prices are painful! I expect to be in Mississauga this August and I remember the pain paying 104. That was back when prices changed almost hourly and it was a Tuesday evening when the prices were lowest for the week. There was a small line of cars topping off at that price. Now I try to make sure I am topped up in New York before crossing into Canada and I try to conserve the week I am there.
misterray Champion Author Oregon Posts:2,152 Points:528,940 Joined:Aug 2008	Message Posted: Mar 20, 2010 5:30:23 AM Ignore misterray Report Abuse Capitalism at its best. We should be cheering!
TFowler513 Champion Author Memphis Posts:2,387 Points:591,485 Joined:Mar 2008	Message Posted: Mar 20, 2010 5:27:09 AM Ignore TFowler513 Report Abuse It's all market manipulation!!!
Tru2psu2 Champion Author Winston-Salem Posts:6,784 Points:632,055 Joined:Feb 2004	Message Posted: Mar 20, 2010 5:23:47 AM Ignore Tru2psu2 Report Abuse The economy is not strong enough for these prices...
bills55 Champion Author San Diego Posts:1,188 Points:305,900 Joined:Sep 2009	Message Posted: Mar 20, 2010 5:22:53 AM Ignore bills55 Report Abuse ironbox sara, you are right.
speedys Champion Author Utah Posts:2,111 Points:1,586,020 Joined:Nov 2005	Message Posted: Mar 20, 2010 5:22:13 AM Ignore speedys Report Abuse It is speculators causing it all.
RichardoB Champion Author Fayetteville Posts:2,988 Points:1,070,110 Joined:Jun 2007	Message Posted: Mar 20, 2010 5:21:00 AM Ignore RichardoB Report Abuse Whatever the price of gasoline, I have to buy it to get to work and back.
ironbox_sara Champion Author Albany Posts:4,726 Points:1,298,900 Joined:Mar 2006	Message Posted: Mar 20, 2010 5:15:15 AM Ignore ironbox_sara Report Abuse Prices related to speculation and GREED.
Eichhornchen Champion Author Detroit Posts:2,739 Points:535,030 Joined:Feb 2009	Message Posted: Mar 20, 2010 5:12:42 AM Ignore Eichhornchen Report Abuse price is not related to anything we do
hank1326 Champion Author Los Angeles Posts:4,121 Points:775,150 Joined:Jun 2008	Message Posted: Mar 20, 2010 5:12:02 AM Ignore hank1326 Report Abuse Ditto to REKEY. Only mad part is that our aimless new prez knows more about NCAA basketball teams than how to lead this country.
mandoid Champion Author Colorado Springs Posts:2,896 Points:617,620 Joined:May 2008	Message Posted: Mar 20, 2010 5:11:07 AM Ignore mandoid Report Abuse interesting analysis and article
skippypa Champion Author Hawaii Posts:3,534 Points:767,065 Joined:Jun 2008	Message Posted: Mar 20, 2010 5:10:20 AM Ignore skippypa Report Abuse So what else is new?
VDubBill Champion Author Jacksonville Posts:1,010 Points:488,145 Joined:May 2008	Message Posted: Mar 20, 2010 5:10:17 AM Ignore VDubBill Report Abuse The games here are on the bus route.
txyankee Champion Author Milwaukee Posts:7,360 Points:1,313,745 Joined:Sep 2005	Message Posted: Mar 20, 2010 5:09:31 AM Ignore txyankee Report Abuse I guess since the basket ball is rubber it is a petrolium product. Like to see how the tree huggers are going to conserve all the rubber and plastic that they use...
cv Champion Author Raleigh Posts:10,269 Points:2,293,080 Joined:Oct 2003	Message Posted: Mar 20, 2010 5:08:50 AM Ignore cv Report Abuse Gas is going up mainly because of holding back on refining product and pure speculation. As usual the conserving public is getting screwed once again.
dan30thz28 Champion Author New Jersey Posts:1,287 Points:1,058,325 Joined:Feb 2006	Message Posted: Mar 20, 2010 5:07:59 AM Ignore dan30thz28 Report Abuse People do drive to the games.
Bus561 Champion Author Lexington Posts:11,502 Points:2,245,550 Joined:May 2004	Message Posted: Mar 20, 2010 5:06:32 AM Ignore Bus561 Report Abuse What exactly does basketball have to do with gasoline prices? I guess now they will try to use this as an excuse to further raise prices. Quit speculating, and I hope the speculators along with the investors go broke and oil and gas bottom out real low.
racerdj Champion Author Indianapolis Posts:4,930 Points:1,083,960 Joined:Jun 2003	Message Posted: Mar 20, 2010 5:06:12 AM Ignore racerdj Report Abuse Oil seems to be going up even with conservation efforts.
BeaverBilly Champion Author Alberta Posts:5,000 Points:1,579,635 Joined:Feb 2003	Message Posted: Mar 20, 2010 5:01:47 AM Ignore BeaverBilly Report Abuse If you thing spring is bad for rising gas prices, wait till summer.
gasandgoAL Champion Author Alabama Posts:1,956 Points:615,355 Joined:Sep 2008	Message Posted: Mar 20, 2010 5:00:37 AM Ignore gasandgoAL Report Abuse I guess if you want to visit grandchildren for Easter gasoline will be high and that means no easter eggs
PhilMils Champion Author Virginia Posts:2,151 Points:455,700 Joined:Dec 2008	Message Posted: Mar 20, 2010 5:00:35 AM Ignore PhilMils Report Abuse Hmmm. So he compares it to a NCAA marketing ploy. Let's just find ways to use less oil. Drastically cutting the demand for oil is the only way to cut the rising price of oil.
fcdriver Champion Author Tennessee Posts:2,864 Points:602,445 Joined:Sep 2008	Message Posted: Mar 20, 2010 5:00:18 AM Ignore fcdriver Report Abuse every year no suprise
REKEY Champion Author South Carolina Posts:3,657 Points:733,150 Joined:May 2008	Message Posted: Mar 20, 2010 4:58:44 AM Ignore REKEY Report Abuse Oil Madness lasts all year. March Madness is only in March!
Mysticmeg Rookie Author Fort Worth Posts:6 Points:1,125 Joined:Mar 2010	Message Posted: Mar 20, 2010 4:58:15 AM Ignore Mysticmeg Report Abuse Let's just go back to the HORSE-AND-BUGGY DAYS. Amish may be the new way of life!!!
FocusGuy Champion Author Seattle Posts:2,126 Points:459,325 Joined:Apr 2009	Message Posted: Mar 20, 2010 4:56:31 AM Ignore FocusGuy Report Abuse danny... the only manipulator is you. you want something for nothing because you feel that 50 cent gas is a god given right
VetteFan Champion Author Indiana Posts:4,881 Points:1,068,395 Joined:Aug 2005	Message Posted: Mar 20, 2010 4:56:31 AM Ignore VetteFan Report Abuse We rant and rave, but that won't change anything. All we can do is to spend as little on gas as possible.
danny999 Champion Author Florida Posts:3,711 Points:664,810 Joined:Oct 2008	Message Posted: Mar 20, 2010 4:54:29 AM Ignore danny999 Report Abuse you can bet THE MANIPULATORS ARE PUSHING FOR 4.00 BY 4TH OF jULY WEEKEND.
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,012,760 Joined:Sep 2006	Message Posted: Mar 20, 2010 4:53:12 AM Ignore TeachR06 Report Abuse Save gas. Stay home and watch basketball!
subnuke Champion Author Atlanta Posts:2,803 Points:566,825 Joined:Sep 2008	Message Posted: Mar 20, 2010 4:52:57 AM Ignore subnuke Report Abuse The rise will be slower due to slow demand growth.
turbodog Champion Author Mississippi Posts:1,833 Points:393,100 Joined:Feb 2009	Message Posted: Mar 20, 2010 4:52:50 AM Ignore turbodog Report Abuse I expect that if it hits $3 by Easter, it will fall back soon after.
katmandue Champion Author Detroit Posts:3,170 Points:1,175,655 Joined:Jul 2006	Message Posted: Mar 20, 2010 4:47:48 AM Ignore katmandue Report Abuse I said $3 by May it is only March and it is already close to $3 . My new predictioin is $3.25 by May first.
Marson Champion Author Scranton Posts:4,399 Points:1,148,720 Joined:Oct 2006	Message Posted: Mar 20, 2010 4:45:52 AM Ignore Marson Report Abuse Lets just get rid of the speculators for a month and see what happens.
wegman Champion Author Twin Cities Posts:2,933 Points:1,130,680 Joined:Jun 2001	Message Posted: Mar 20, 2010 4:43:08 AM Ignore wegman Report Abuse So you've got speculators who make money if they create a scare - they are in the same league as OPEC as scoundrels and the scum of the earth. Hopefully the hurricane season will be benign, we'll see what happens. And unless you have your own gasoline storage facility, we are at the mercy of the market!
Wizrd03 Champion Author Illinois Posts:3,233 Points:663,480 Joined:Oct 2008	Message Posted: Mar 20, 2010 4:42:55 AM Ignore Wizrd03 Report Abuse In the last week w have seen prices rise 15% from 2.69 to over 3.00 a gallon whole record surplusses exist. What's going on? Speculation must be taken out of the energy markets world wide.
JCUBE Champion Author Michigan Posts:3,571 Points:952,050 Joined:Aug 2003	Message Posted: Mar 20, 2010 4:36:37 AM Ignore JCUBE Report Abuse End of the quarter next week, got to push profits
MikLamb Champion Author Texas Posts:3,078 Points:1,205,090 Joined:Jun 2006	Message Posted: Mar 20, 2010 4:35:32 AM Ignore MikLamb Report Abuse Keep conserving!
dar 1 Champion Author Michigan Posts:1,100 Points:213,050 Joined:Jan 2005	Message Posted: Mar 20, 2010 4:33:43 AM Ignore dar 1 Report Abuse Gas always goes up in the spring.
rippinusoff Champion Author Lexington Posts:2,494 Points:517,390 Joined:May 2007	Message Posted: Mar 20, 2010 4:31:01 AM Ignore rippinusoff Report Abuse Mustangs R Us said it best.... GREED!!!
Bou Champion Author Maine Posts:6,393 Points:1,707,565 Joined:Jan 2005	Message Posted: Mar 20, 2010 4:29:52 AM Ignore Bou Report Abuse The annual speculation bowl.