2014 Gasoline Price Forecast

[MagickMan]

Worst journalism ever. How truly pathetic.

 

[hal2kilo]

To be fair, gas dropped from $3.45 to $3.13 this week. One of the fastest drops in Lexington in years.

Was $3.18 at Costco last week, $3.13 day before yesterday. Seems to be bouncing up and down in that range for the last month.

 

[Engineer]

Was $3.18 at Costco last week, $3.13 day before yesterday. Seems to be bouncing up and down in that range for the last month.

Yea, stations that were $3.17 this morning are now $3.25. Don't know about the $3.13 ones as I didn't pass them this afternoon.

The $3.25 one is now $3.19 but the $3.13 ones are now $3.29.

 

[dmcowen674]

Yea, stations that were $3.17 this morning are now $3.25. Don't know about the $3.13 ones as I didn't pass them this afternoon.

We didn't get that big drop here. Most stations dropped back to $3.30, a couple to $3.28 which looks like with your jump back to $3.25 that are two areas are back to pretty close after off for close to a week.

Just a temporary respite before rocketing back past $4 for the Spring Maintenance the Oil Thugs can't do right every year but get rewarded for being shitty at their jobs.

 

[dmcowen674]

2-14-2014

http://finance.yahoo.com/news/u-derailed-train-spills-4-191736815.html

U.S. derailed train spills up to 4,000 gallons of crude



Norfolk Southern Corp, the operator of a train carrying crude oil that derailed in Pennsylvania on Thursday, said about 3,000-4,000 gallons of oil had leaked from four tank cars and that an environmental team was on site to clean the spill.


"The train was transporting a variety of products, including Canadian heavy crude oil, LPG (liquefied petroleum gas), soda ash, and food products," the company said in a statement.

 

[Engineer]

Gas all over the place in Lexington. Lowest were a few stations on Richmond Road at $3.11 per gallon. Closer to the Interstate (on same road), the 4 stations were: $3.16, $3.39, $3.39 and $3.39.

Let's see if it spreads!

 

[OutHouse]

wtf happened, last weekend i paid 3.00 at costco, now the prices shot through the roof and are all over the place. the cheapest is 3.17 and ive seen it as high as 3.49

 

[Londo_Jowo]

Four stations close to me still under $3.00/gal and been that way since the first of the year.

http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx

 

[Engineer]

All stations between work and the house have now went to $3.49 (were $3.16, $3.16, $3.17, $3.17, $3.17, $3.39 and $3.39 this morning on the way to work). 6 hours later, ALL up to $3.49.

 

[dmcowen674]

All stations between work and the house have now went to $3.49 (were $3.16, $3.16, $3.17, $3.17, $3.17, $3.39 and $3.39 this morning on the way to work). 6 hours later, ALL up to $3.49.

They all jumped to $3.55 here this morning.

Next stop $4

That won't long before heading to $5 and beyond.

 

[Londo_Jowo]

No change in prices here. Guess mean ole Mr Winter is causing disruptions in gas deliveries up north.

 

[Doppel]

They all jumped to $3.55 here this morning.

Next stop $4

That won't long before heading to $5 and beyond.

Stop lying, David.

 

[Mr.IncrediblyBored]

I don't know what's worse. Dave, or the people trying to correct him. You are wasting your breath. Worse, you are just feeding the stupidity.

He is entertaining though. Let's go Dave. $6 by this spring!

 

[dmcowen674]

2-23-2013

http://www.fool.com/investing/genera...x#.UrjfQLSmYlQ

2014 Gasoline Price Forecast



There's some good news this holiday season.



Thanks to America's energy boom we will likely be paying less at the pump in 2014.



Overall, gasoline prices are forecast in 2014 to decline to an average of $3.43 per gallon, according to the U.S. Energy Information Agency. That's $0.07 lower than this year's average and $0.20 lower than Americans paid on average for a gallon in 2012.


The following chart from the EIA shows that we can expect gas prices to stay about where they are for the next month or so. After that, gas prices are forecast to heat up as they do every year along with the weather.

What's different for the coming year is that the EIA's forecast doesn't predict a pronounced spike during the summer driving season. While the seasonal pickup is inevitable, continued oil production growth from North Dakota and Texas are expected to make the U.S. less dependent on more expensive foreign oil.

This, along with an increase in fuel-efficient vehicles and the disappearing American driver, are making the summer spikes less pronounced.

Gasoline exports keeping prices elevated



An interesting trend has developed over the past few years that now has America becoming a net exporter of refined petroleum products like gasoline. Both Valero and Phillips 66 are investing to grow export capacity in order to sell cheaper American gasoline and diesel to the international marketplace. This actually acts as a headwind to gas prices and counter balances some of the effect of lower crude oil prices.


In fact, over the past few years exports of U.S. refined products have gone from a million barrels per day to more than 3 million barrels per day.

We're using less gasoline in the U.S. due to energy efficiency gains as well as the lingering economic effects of the last recession. Those two trends would have made gas prices much cheaper if we weren't shipping our excess gasoline outside our borders.

It's quite possible that if it weren't for the U.S. being a net exporter of gasoline and other refined products that the price Americans pay at the pump would be even cheaper in 2014.

I don't know what's worse. Dave, or the people trying to correct him. You are wasting your breath. Worse, you are just feeding the stupidity.

He is entertaining though. Let's go Dave. $6 by this spring!

Remember the OP, the so called experts said

"What's different for the coming year is that the EIA's forecast doesn't predict a pronounced spike during the summer driving season"

 

[MagickMan]

I don't know what's worse. Dave, or the people trying to correct him. You are wasting your breath. Worse, you are just feeding the stupidity.

He is entertaining though. Let's go Dave. $6 by this spring!

$7! Do I hear 8?

 

[Doppel]

$7! Do I hear 8?

With the $.30 price increases he keeps reporting every few days shouldn't we already be at $7? I think we can go for $10 by end of April.

 

[dmcowen674]

$7! Do I hear 8?

http://abcnews.go.com/blogs/politics/2012/03/newt-gingrich-obamas-goal-is-8-or-9-a-gallon-gas/


Obama’s Goal Is ‘$8 or $9 a Gallon’ Gas




By George Stephanopoulos
@GStephanopoulos
Find on FacebookFollow on Twitter

Mar 4, 2012 11:22am

“This president and his secretary of anti-energy, Dr. Chu, have as a goal getting us to pay European-level prices of $8 or $9. Dr. Chu was clear about that before he became secretary. He wants us to get to be a European-level price structure of $8 or $9 a gallon,” said Gingrich. “He said this week, in testifying in the House, he has ‘no intention of trying to lower the price of oil or the price of gasoline.’

 

[MagickMan]

Since that won't happen, and the Dems would get run out of office on a rail if they tried, it doesn't matter what his "goal" is. Obama has no political clout left. Gas will continue to follow the same price patterns, and the various areas of the country have already demonstrated what they're willing to bear.

 

[MagickMan]

With the $.30 price increases he keeps reporting every few days shouldn't we already be at $7? I think we can go for $10 by end of April.

It's $2.95-ish here, around the $3 mark. If anything he'd "forecasted" had turned out correct, we'd be at $8-9 by now.

 

[Doppel]

It's $2.95-ish here, around the $3 mark. If anything he'd "forecasted" had turned out correct, we'd be at $8-9 by now.

His forecasts are always, always wrong.

Here is what he said on 2/25/2014:
They all jumped to $3.55 here this morning.

Next stop $4


Here is what he said on 12/31/2013:

Speaking of jacking prices, now up in the $3.50's and climbing fast so getting very close to being able to laugh at the so called "experts" very early in the new year that they said goodbye to $4 gas.

The same thing. In this 6 week period he has mentioned a great many price spikes and yet by his own inadvertent omission the price of gas is the same now it was 6 weeks ago.

 

[Matt1970]

They all jumped to $3.55 here this morning.

Next stop $4

That won't long before heading to $5 and beyond.

Really? You actually have the balls at this point to make another prediction?

Need I remind you about your $6/gallon milk thread:

http://forums.anandtech.com/showthread.php?t=2342195&highlight=milk

And your $10/gallon prediction:

Where have you've been???

Bread has been $4 a long time here.

Milk over $7 and heading to $10 gal

And let's not forget the $10/Gallon Gas.

$10 A Gallon Gasoline?
Don’t cha hate it when people are right!

 

[dmcowen674]

Really? You actually have the balls at this point to make another prediction?

Need I remind you about your $6/gallon milk thread:

http://forums.anandtech.com/showthread.php?t=2342195&highlight=milk

And your $10/gallon prediction:


And let's not forget the $10/Gallon Gas.

Yes, I have balls, what do you have?

Hmmm let's see

http://www.syracusegasprices.com/index.aspx?zip=13201&src=Y

You'll be paying the oil thugs right along with me.

 

[Londo_Jowo]

Gas prices still holding steady here with four stations still under $3.00/gal.

 

[MagickMan]

Yes, I have balls, what do you have?

Hmmm let's see

http://www.syracusegasprices.com/index.aspx?zip=13201&src=Y

You'll be paying the oil thugs right along with me.

It takes balls to be stupid and spread FUD? Now that revolution, that would take balls, how's that working out? Gotten out of your chair yet?

 

[Matt1970]

Yes, I have balls, what do you have?

Hmmm let's see

http://www.syracusegasprices.com/index.aspx?zip=13201&src=Y

You'll be paying the oil thugs right along with me.

NY has some of the highest gas prices in the US because......are you ready for this?


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