2014 Gasoline Price Forecast

Page 21 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Status
Not open for further replies.

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
The yearly rewarding the Oil Thugs for incompetence is in full swing:

4-17-2014

http://www.latimes.com/business/la-fi-gas-prices-20140418,0,3834291.story#axzz2zCfxevrt

Gasoline prices jump in California as refineries encounter trouble

The statewide average for a gallon of regular has surged 13 cents in a week. Analysts differ on when prices will begin to drop.


Problems at some of the state's fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season.
A gallon of regular gasoline hit a statewide average of $4.196 on Thursday, up about 13 cents in a week, according to AAA. That's the highest price since March 2013.


"A couple of refinery issues have started to flare up, which is fairly normal this time of the year," said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, a fuel price tracking website.


Cas Donovan said she can't wait for prices to fall. The 52-year-old Venice resident drives cross-country every summer to her vacation house in New York state. But with costs soaring, she's considering shipping her car instead and hopping on a plane to save time.


"The costs won't be too different," said Donovan, who works as an assistant director on films and TV shows. "I'm shocked."


Analysts differ on when prices will begin to drop, with estimates ranging from "when pigs fly" to "when pigs fly and strafe civilians."

Should make you happy, dude. Here's an evil rich lady who can't save money by driving cross-country to her summer home.

That example shows that either the LA Times has a sense of humor or someone is really, really tired of being assigned stupid gas price stories.
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
The yearly rewarding the Oil Thugs for incompetence is in full swing:

4-17-2014

http://www.latimes.com/business/la-fi-gas-prices-20140418,0,3834291.story#axzz2zCfxevrt

Gasoline prices jump in California as refineries encounter trouble

The statewide average for a gallon of regular has surged 13 cents in a week. Analysts differ on when prices will begin to drop.


Problems at some of the state's fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season.
A gallon of regular gasoline hit a statewide average of $4.196 on Thursday, up about 13 cents in a week, according to AAA. That's the highest price since March 2013.


"A couple of refinery issues have started to flare up, which is fairly normal this time of the year," said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, a fuel price tracking website.


Cas Donovan said she can't wait for prices to fall. The 52-year-old Venice resident drives cross-country every summer to her vacation house in New York state. But with costs soaring, she's considering shipping her car instead and hopping on a plane to save time.


"The costs won't be too different," said Donovan, who works as an assistant director on films and TV shows. "I'm shocked."



Selective quoting as usual to meet your needs :(

Ignoring
Come springtime, prices usually start rising as California refineries switch from winter-blend gasoline to a pricier blend of summer fuel, which takes longer to make and requires more expensive additives to meet environmental standards.
<Problems created by CA itself>
But problems at a few refineries in the Golden State undergoing routine spring maintenance have squeezed inventory and boosted prices, analysts said. <Maintenance is required. Otherwise Dave complains that they do not maintain in order to cause a crisis. :thumbsdown:>And only a handful of refineries outside the state are capable of making the ultra-clean type of gasoline mandated in California. <Again, a problem created by CA itself>
"A couple of refinery issues have started to flare up, which is fairly normal this time of the year," <Purpose of maintenance is to find, fix and/or prevent problem. Otherwise no need for maintenance; again Dave complains that they do not maintain in order to cause a crisis.>said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, a fuel price tracking website.
However, the refinery snags have been extensive enough to temporarily reduce gas inventories in the state 17% compared with this time last year, DeHaan said.
Aside from production issues, bad weather has also played a role in pushing up costs at the pump.<Dave's gas thugs are able to control the weather also? :confused:>
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
The yearly rewarding the Oil Thugs for incompetence is in full swing:

4-17-2014

http://www.latimes.com/business/la-fi-gas-prices-20140418,0,3834291.story#axzz2zCfxevrt

Gasoline prices jump in California as refineries encounter trouble

The statewide average for a gallon of regular has surged 13 cents in a week. Analysts differ on when prices will begin to drop.


Problems at some of the state's fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season.
A gallon of regular gasoline hit a statewide average of $4.196 on Thursday, up about 13 cents in a week, according to AAA. That's the highest price since March 2013.


"A couple of refinery issues have started to flare up, which is fairly normal this time of the year," said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, a fuel price tracking website.


Cas Donovan said she can't wait for prices to fall. The 52-year-old Venice resident drives cross-country every summer to her vacation house in New York state. But with costs soaring, she's considering shipping her car instead and hopping on a plane to save time.


"The costs won't be too different," said Donovan, who works as an assistant director on films and TV shows. "I'm shocked."



As usual you froth at the mouth and go all splodeyhead over anything that has to do with the oil industry. You want them to run their equipment at 100% capacity. Guess what happens when you run something at 90%+ capacity 24 hrs/day for days on end, over time it requires to have maintenance and sometimes repairs. However, I'm sure you would rather the refineries to run until they breakdown or explode.

Both these refineries had equipment that required repair. Repairs are sometimes lengthy as parts have to be manufactured/fabricated or the components require special welding/machining procedures. I think most would rather seen a refinery being a couple weeks late starting up rather than being down for months after a catastrophic accident.

http://www.myvalleynews.com/story/77552/

"We've had two refineries go offline longer than anticipated -- during a time when refineries should be stepping up production as demand increases approaching the summer driving season," Montgomery said.
One refinery is operated by Exxon in Torrance; the other by Tesoro in Richmond.
 

CLite

Golden Member
Dec 6, 2005
1,726
7
76
Analysts differ on when prices will begin to drop, with estimates ranging from "when pigs fly" to "when pigs fly and strafe civilians."

Should make you happy, dude. Here's an evil rich lady who can't save money by driving cross-country to her summer home.

That example shows that either the LA Times has a sense of humor or someone is really, really tired of being assigned stupid gas price stories.

Yeah I did a double take reading that, it is pretty hilarious.
 

hal2kilo

Lifer
Feb 24, 2009
26,129
12,333
136
Now this is getting ridiculous. What is rhe excuse, the Ukrain again? Up another $.10 this week.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
Now this is getting ridiculous. What is rhe excuse, the Ukrain again? Up another $.10 this week.

Normal increase due to refineries changing over to the required summer blend fuels.

http://www.oregonlive.com/commuting/index.ssf/2014/04/oregon_washington_gas_prices_e.html

Northwest gas prices continued to climb during the past week, with Oregon drivers now paying more than they did a year ago.
In fact, ahead of the May 1 deadline for refineries to switch to summer-blend gasoline, California, Washington and Oregon continue to be among the 10 most expensive states in the nation for gasoline.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
The U.S. is swimming in more oil than in 40 years.

Gas should be 50 cents a gallon.

4-20-2014

http://wallstcheatsheet.com/busines...ighest-levels-in-nearly-40-years.html/?ref=YF

U.S. Crude Reserves Hit Highest Levels In Nearly 40 Years

New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976.


High [FONT=inherit !important][FONT=inherit ! important]oil [/FONT][/FONT][FONT=inherit !important][FONT=inherit ! important]prices[/FONT][/FONT] and several years of successful production has companies exploring for oil at an elevated rate.

Not only that, but 2012 marked the largest increase in oil reserves for a single year &#8211; 4.5 billion barrels &#8211; since 1970.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
The U.S. is swimming in more oil than in 40 years.

Gas should be 50 cents a gallon.

4-20-2014

http://wallstcheatsheet.com/busines...ighest-levels-in-nearly-40-years.html/?ref=YF

U.S. Crude Reserves Hit Highest Levels In Nearly 40 Years

New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976.


High [FONT=inherit !important][FONT=inherit ! important]oil [/FONT][/FONT][FONT=inherit !important][FONT=inherit ! important]prices[/FONT][/FONT] and several years of successful production has companies exploring for oil at an elevated rate.

Not only that, but 2012 marked the largest increase in oil reserves for a single year – 4.5 billion barrels – since 1970.
50 cent gasoline would be horrible. We'd have massive increases in driving, which means much more CO2 produced and either much more ethanol consumed (driving up food prices as arable land is converted to ethanol production) or much more MTBE in our environment. (Someone correct me if there's another common oxygenator than methyl tertiary butyl ether or ethanol, but I'm pretty sure there's not one that degrades into sunshine and pussy.)
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
The U.S. is swimming in more oil than in 40 years.

Gas should be 50 cents a gallon.

4-20-2014

http://wallstcheatsheet.com/busines...ighest-levels-in-nearly-40-years.html/?ref=YF

U.S. Crude Reserves Hit Highest Levels In Nearly 40 Years

New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976.


High [FONT=inherit !important][FONT=inherit ! important]oil [/FONT][/FONT][FONT=inherit !important][FONT=inherit ! important]prices[/FONT][/FONT] and several years of successful production has companies exploring for oil at an elevated rate.

Not only that, but 2012 marked the largest increase in oil reserves for a single year – 4.5 billion barrels – since 1970.

Lower the price and there is no need to find oil.

Also reserves are not what is available for refining, just somewhere in the ground.

You want gas to be at 0.50 - 1/8 of the present price.
Can you survive on an income of 1/8 of your present income?
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
This can be described no other way than criminal.

4-21-2014

http://online.wsj.com/news/articles...79516121276626720.html?ru=yahoo?mod=yahoo_itp

Price of Gas in U.S. Rises as Refiners Export More to Other Countries

Nation's Gasoline Stockpiles Are at Lowest Point This Time of Year Since 2011

Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries.
 

DucatiMonster696

Diamond Member
Aug 13, 2009
4,269
1
71
This can be described no other way than criminal.

4-21-2014

http://online.wsj.com/news/articles...79516121276626720.html?ru=yahoo?mod=yahoo_itp

Price of Gas in U.S. Rises as Refiners Export More to Other Countries

Nation's Gasoline Stockpiles Are at Lowest Point This Time of Year Since 2011

Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries.


Good thing U.S. drivers have for decades decreased their use of gasoline via technological improvements. Of which said improvements have boosted mpg and have also given drivers alternatives to gasoline powered cars. Of course as this has occurred demand for gasoline in nations whose economies have or are coming online (e.g. China) has sky-rocketed. One could theorize that one day nations like China will be the biggest consumer of gasoline as we fall behind due to again technological improvements, consumer trends, along with their rising consumption, etc.

http://www.eia.gov/countries/index.cfm?view=consumption
 

MagickMan

Diamond Member
Aug 11, 2008
7,460
3
76
Lower the price and there is no need to find oil.

Also reserves are not what is available for refining, just somewhere in the ground.

You want gas to be at 0.50 - 1/8 of the present price.
Can you survive on an income of 1/8 of your present income?

He'll ignore anything you say and keep posting his stupid, inane shit, because he is a stupid, inane shit. He's incapable of understanding the points you make. Let's put it this way, it would take a great deal of effort to find a more ignorant, worthless saprophyte anywhere, not just on this forum. Calling him a parasite would be an insult to all roundworms and maggots.
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
He'll ignore anything you say and keep posting his stupid, inane shit, because he is a stupid, inane shit. He's incapable of understanding the points you make. Let's put it this way, it would take a great deal of effort to find a more ignorant, worthless saprophyte anywhere, not just on this forum. Calling him a parasite would be an insult to all roundworms and maggots.

I suspect that he is capable; but refuses to accept anything that goes against his hatred of anything that makes money.

He failed in his business and resents anyone that tries to get ahead or succeeds.

EIA later this week is expected to release its petroleum statistics, which could push gasoline prices even higher if supplies are shown to be limited. If the supply situation stabilizes, prices at the pump could start to ease, though Green warned international factors may still come into play.

&#8220;The U.S. petroleum market is never fully isolated from events overseas,&#8221; he said. &#8220;Crude oil is a globally traded commodity, which means that U.S. consumers often pay more at the pumps because of international political instability.&#8221;
http://wallstcheatsheet.com/business/u-s-gas-prices-rise-but-not-because-of-global-factors.html/?a=viewall
 
Last edited:

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
More oil than the U.S. has ever had before.

More gasoline than ever being produced and shipped out to other Countries

Yet many Americans are now paying more than $4 a gallon

110% criminal and the thugs get away with it because Americans let them.

4-23-2014

http://www.marketwatch.com/story/oi...-for-supply-data-2014-04-23?amp;siteid=yhoof2

U.S. crude supplies hit a record



The U.S. Energy Information Administration said crude stockpiles rose 3.5 million barrels for the week ended April 18.


Supplies for the week totaled 397.7 million barrels, the largest weekly total for commercial crude inventories based on EIA records going back to late August of 1982.



“We saw a larger build than expected in the [EIA] numbers reported, as well as a less-than-expected draw in unleaded gasoline,” said John Macaluso, research analyst at Tyche Capital Advisors.



The U.S. is “well supplied in crude oil... we believe the only reason crude oil prices aren’t lower is the continued situation in Ukraine,” said Macaluso.
 

MagickMan

Diamond Member
Aug 11, 2008
7,460
3
76
I suspect that he is capable; but refuses to accept anything that goes against his hatred of anything that makes money.

He failed in his business and resents anyone that tries to get ahead or succeeds.

He lacks enough intelligence to understand that taxes are the differentiating factor, on whether a gallon of gas is $3.20 or 4.20. Following the rate of inflation, gas costs the same as it did 40 years ago.

He's an idiot, and not even a useful one, at that. :rolleyes:
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
He lacks enough intelligence to understand that taxes are the differentiating factor, on whether a gallon of gas is $3.20 or 4.20. Following the rate of inflation, gas costs the same as it did 40 years ago.

He's an idiot, and not even a useful one, at that. :rolleyes:

It is more like he does not care for any reason why something happens; just wants to make noise about it for the attention it brings. even if he is wrong about the reason; the fact that he got attention is what matters.
Like a little spoiled child. :thumbsdown:
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Today, 11:28 AM Remove user from ignore list
Londo_Jowo This message is hidden because Londo_Jowo is on your ignore list.
View Post
post_new.gif
Today, 11:36 AM Remove user from ignore list
MagickMan This message is hidden because MagickMan is on your ignore list.

post_new.gif
Today, 12:31 PM #520 cabri
Member

Join Date: Nov 2012
Posts: 52


icon1.gif

Quote:
Originally Posted by MagickMan
He lacks enough intelligence to understand that taxes are the differentiating factor, on whether a gallon of gas is $3.20 or 4.20. Following the rate of inflation, gas costs the same as it did 40 years ago.

He's an idiot, and not even a useful one, at that. :rolleyes:


It is more like he does not care for any reason why something happens; just wants to make noise about it for the attention it brings. even if he is wrong about the reason; the fact that he got attention is what matters.
Like a little spoiled child. :thumbsdown:


It is more like he does not care for any reason why something happens; just wants to make noise about it for the attention it brings. even if he is wrong about the reason; the fact that he got attention is what matters.
Like a little spoiled child. :thumbsdown:


Awww what cute little drone you are.

WWYBYWB?

Congrats on being the newest on my ignore list.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
You read our posts anyway, so what's the point of you keeping an ignore list? Damn, you're stupid. :\

I've been on his ignore list for years but it's funny how some of his replies are in response to my comments. If he thinks that I will stop commenting because he's posting that I'm on his ignore list, sorry to disappoint him as it will not deter me from pointing out his ignorance.
 

QuantumPion

Diamond Member
Jun 27, 2005
6,010
1
76
Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries.

So, what, you think we could restrict exporting of oil and that would lower prices? And you're just hoping all the countries we export to will simply not notice and not affect the prices of everything we import?

See, this is the problem with liberals. They think they are so smart and know how to run the world. And then they try, and fail. And everyone else pays the price. And they blame the Koch brothers.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
So, what, you think we could restrict exporting of oil and that would lower prices? And you're just hoping all the countries we export to will simply not notice and not affect the prices of everything we import?

See, this is the problem with liberals. They think they are so smart and know how to run the world. And then they try, and fail. And everyone else pays the price. And they blame the Koch brothers.

Either you can't read or have a comprehension problem.

The U.S. already restricts export of oil. Of course Republicans want to lift that restriction to raise oil prices even higher.

There is no such restriction on export of gasoline, that is why they use the excuse there a gas shortage for American drivers and charge the insane rate that they do to Americans while the Countries they ship the gas to pay 25 cents a gallon for it.

The Koch brothers are part of the cabal doing this so yes they are to blame.
 
Status
Not open for further replies.