2014 Gasoline Price Forecast

[OverVolt]

I dunno probably $3.60 average.

We won't see $4+ gas being the norm until 2018 or so. and $5+ gas in 2024 or so I think is my guesstimate.

If there was another rip higher in price like in '08 where it was way above the norm of ~$2.70 to $4.00 then it crashed down to $1.55. Remember it like it was yesterday. Would be no different today. If it rose to $5 it'd crash to $2.

I stand by this 😛

I'm re-tweeting myself!

That was from 2013... 😛

http://money.cnn.com/2013/12/31/news/economy/gas-prices/

Never listen to cnn money, basically.

 

[Londo_Jowo]

From your link

Gas prices down in '13, set to go lower in '14

That's good, as I saw prices below $2.80/gal last year.

 

[Harvey]

i suppose we will pay much more thanks to our foolish government which ruins our economy
.
.
I suppose Obama needs the new trousers but his money came to the end
.
.
While we are supporting UA, our economy is falling down slowly.

Since you don't have the balls to tell us you're posting from Russia, exactly which governent do you mean by "our government?"

If you're so worried about Obama's trousers, why are you licking your lips while staring at Vladimir Putin's crotch? Sarah Palin would be so jealous.

Русский мудак 😡 :thumbsdown:

 

[dmcowen674]

Originally Posted by angelina87
i suppose we will pay much more thanks to our foolish government which ruins our economy
.
.
I suppose Obama needs the new trousers but his money came to the end
.
.
While we are supporting UA, our economy is falling down slowly.

Since you don't have the balls to tell us you're posting from Russia, exactly which governent do you mean by "our government?"

If you're so worried about Obama's trousers, why are you licking your lips while staring at Vladimir Putin's crotch? Sarah Palin would be so jealous.

Русский мудак 😡 :thumbsdown:

A Harvey sighting

Where have you've been???

 

[brianmanahan]

The number one thing is we are subsidizing Latin America.

Americans are paying Latin Americans to drive.

They get gas for 25 cents a gallon because Americans are paying close to $4

it could be worse man, we could be paying 10$ a gallon like they do in nordic countries

at some point you just have to realize that your energy spent bumping this thread could be better utilized elsewhere... right?

 

[dmcowen674]

Originally Posted by dmcowen674
The number one thing is we are subsidizing Latin America.

Americans are paying Latin Americans to drive.

They get gas for 25 cents a gallon because Americans are paying close to $4

it could be worse man, we could be paying 10$ a gallon like they do in nordic countries

at some point you just have to realize that your energy spent bumping this thread could be better utilized elsewhere... right?

You know that is a 110% bull crap lame response right?

How far do you think someone in a Nordic Country has to travel compared to in America?

Try comparing apples to apples sometime in your life if you are capable.

Based on your posts, I know the answer, your not capable.

 

[MagickMan]

Try comparing apples to apples sometime in your life if you are capable.

Based on your posts, I know the answer, your not capable.

The irony meter just broke, the needle snapped right off. 🙄

 

[Londo_Jowo]

The number one thing is we are subsidizing Latin America.

Americans are paying Latin Americans to drive.

They get gas for 25 cents a gallon because Americans are paying close to $4.

Could you please point out the South American countries US refiners sell to at that price? As far as I'm aware, US refiners export gasoline to Brazil and Mexico.

http://www.indexmundi.com/facts/indicators/EP.PMP.SGAS.CD/map/south-america

With the exception of Venezuela, Bolivia, and Ecuador all the other countries gas prices are in line with the US. US refiners doesn't export gasoline to any of the countries that have cheaper subsidized gas, they all have their own refining capabilities.

 

[Meghan54]

Originally Posted by dmcowen674
The number one thing is we are subsidizing Latin America.

Americans are paying Latin Americans to drive.

They get gas for 25 cents a gallon because Americans are paying close to $4

You know that is a 110% bull crap, right?

It possibly couldn't be that Venezuela sits on the largest oil reserves in the world and the government nationalized the oil companies that exist down there, essentially making the gov't the oil company?

In 2003, following a strike by its employees, Chávez seized control of the national oil company, P.D.V.S.A. Four years later, he nationalized many projects that were controlled by foreign oil companies, prompting Exxon-Mobil and others to pull out of Venezuela.

http://www.newyorker.com/online/blo...-resource-curse-will-outlive-hugo-chavez.html


Or that Venezuela's government spends upwards of $12B a year to keep the gas prices "cheaper than air", as one driver put it in an interview published Jan. 2014.



Or that Venezuela cannot meet its own refined product demand and has to buy on the open market, paying the exact same price as other consuming countries do for the same product....refined oil, or gasoline.

Rafael Ramírez, the powerful president of the state oil company, who is also the energy minister and vice president in charge of the economy, said last month that the break-even cost of high-octane gasoline, which is what most people buy, would be the equivalent of $1.62 a gallon, far higher than what is charged now.

Venezuelans use about 323,000 barrels of gasoline a day, Mr. Ramírez said last year. And despite having enormous oil reserves, Venezuela has imported tens of thousands of barrels of gasoline a day from the United States over the last two years, according to the Energy Information Administration in Washington, because of problems at refineries. So in effect, the Venezuelan government has been paying market prices — which averaged about $2.70 a gallon last year — to import gasoline that it gives away almost for free.

http://www.nytimes.com/2014/01/21/world/americas/venezuela-gasoline-prices.html?_r=0




So, you've got a government doing exactly what you want the U.S. oil companies to be forced to do, force cheap prices for gasoline, yet I'd be willing to wager you don't support the fed. gov't. subsidizing the difference between what you want the pump price to be and what it really costs to buy.

Venezuela does it and they're going deep into the hole for it. China, Venezuela's largest lender, hold over $40B in debt from Venezuela and eventually expects to get paid in oil.


So, we're not really subsidizing anyone's cheap gas. Oil prices around the world are what everyone is paying. What a government sets its price for gas indicates no free market but instead total gov't. control of that industry and the gov't pays for it in the end, meaning the public will pay for it either at the pump or in increased taxes to pay for the subsidies.

 

[dmcowen674]

Buffet and his trains suck for transporting oil.

Pipelines suck as they develop leaks all the time all over the place.

This Industry is full of the most incompetent people on the planet.

4-30-2014

http://news.yahoo.com/derailed-trai...ude-oil-city-official-191421959--finance.html

Train carrying crude derails in Virginia town, bursts into flames



A CSX Corp train carrying crude oil derailed and burst into flames in downtown Lynchburg, Virginia on Wednesday, spilling oil into the James River and forcing the evacuation of hundreds.


CSX said 15 cars derailed at 2:30 p.m. ET on a train traveling from Chicago to Virginia.



JoAnn Martin, director of communications for the city, said three or four tank cars were leaking, and burning oil was spilling into the river, which runs to Chesapeake Bay.


The fiery derailment occurred a short distance from office buildings in downtown Lynchburg, a city of 77,000.



The incident was sure to prompt critics to call for stricter regulations of the burgeoning business of shipping crude oil by rail.

Several trains carrying crude oil have derailed over the past year, prompting critics to question the safety of hauling explosive liquids by rail. Last July, a runaway train in Lac-Megantic, Quebec, derailed and exploded, killing 47 people.

Another CSX train carrying crude oil derailed in Philadelphia in January, nearly toppling over a bridge. CSX has been positioning itself to deliver increasing volumes of crude oil to East Coast refineries and terminals.


In January, CSX chief executive Michael Ward told analysts on a conference call that the company, which shipped 46,000 car loads of crude by rail last year planned, to boost such shipments by 50 percent this year.

 

[dmcowen674]

5-4-2014

http://www.businessweek.com/article...e-reserve-dot-its-about-time?campaign_id=yhoo

The U.S. Now Has a Strategic Gasoline Reserve. It's About Time



One of the biggest problems following Hurricane Sandy, not just for NYC but for the entire Northeast, was the utter lack of gasoline.


A year-and-a-half later, the Department of Energy is addressing what’s been apparent ever since: the region needs its own strategic reserve of fuel. Not an oil reserve, but a gasoline reserve.



On Friday, Energy Secretary Ernest Moniz announced the creation of the country’s first strategic gasoline reserve.

Drawing on “lessons learned from the major fuel supply disruption in the aftermath of the storm” the DOE will create two separate reserves: one in New England, and one near the New York Harbor. Both will store 500,000 barrels of gasoline. In the grand scheme of things, it’s not a lot. But it’s enough to provide emergency vehicles the fuel they need to operate, something they had problems with during Sandy.

You could argue that every region needs its own strategic gasoline reserve.

 

[desy]

Its why I always keep 3- 5 gallons cans in my shed full

 

[Londo_Jowo]

Its why I always keep 3- 5 gallons cans in my shed full

I fill up both cars once there's a tropical storm warning for the areas south of Houston.

 

[Zaap]

What kind of car do you have?

Ford C-Max Energi plug in hybrid. An amazing peice of tech. Costs litteraly nothing to drive it so long as I stay within all-electric range. Its currently reading at 999MPG (basically infinite mileage). 85MPG when it does use gas.

My eyes are open... non hybrids seem completely stupid to me now. Its almost funny to me seeing people blowing through expensive gas just to go down the block while I'm litterally *drifting* right beside them with no engine running, actually *collecting* free energy just from moving and applying the brakes. I'll probably use 2 fillups in a year vs. whatever the hell number I used to need.

From this point forward not working toward hybridizing all cars to improve gas mileage tremendously and beyond that ditching gas altogether is just backwardsass.

 

[dmcowen674]

New record amount of gasoline produced.

Remember the thugs always using the excuse there isn't enough gasoline made.

You know it's 110% bullshit


5-6-2014

http://www.cnbc.com/id/101645010?__...hoo&doc=101645010%7cOil+bulls+bet+US+gas+dema

Oil bulls bet US gas demand will support price



Gasoline prices have now increased for 12 weeks in a row, gaining nearly 43 cents, or about 13 percent, since the beginning of February


Refineries operated at 92.9 percent of capacity for the week ended April 25


Last week, we saw gasoline production hit a record 10 million barrels a day in the U.S

 

[dmcowen674]

Many stations around $4.50, closing in on $5 now in Chicago.

Many California stations already at $5

http://www.californiagasprices.com/

http://www.chicagogasprices.com/

Lower prices and no spikes my ass.

 

[norseamd]

Many stations around $4.50, closing in on $5 now in Chicago. Many California stations already at $5 http://www.californiagasprices.com/ http://www.chicagogasprices.com/ Lower prices and no spikes my ass.

anything to do with ukraine?

 

[Tweak155]

Ford C-Max Energi plug in hybrid. An amazing peice of tech. Costs litteraly nothing to drive it so long as I stay within all-electric range. Its currently reading at 999MPG (basically infinite mileage). 85MPG when it does use gas.

My eyes are open... non hybrids seem completely stupid to me now. Its almost funny to me seeing people blowing through expensive gas just to go down the block while I'm litterally *drifting* right beside them with no engine running, actually *collecting* free energy just from moving and applying the brakes. I'll probably use 2 fillups in a year vs. whatever the hell number I used to need.

From this point forward not working toward hybridizing all cars to improve gas mileage tremendously and beyond that ditching gas altogether is just backwardsass.

How much does it cost to charge it per month? Also do those vehicles require some sort of station installed at your house?

 

[cabri]

Many stations around $4.50, closing in on $5 now in Chicago.

Many California stations already at $5

http://www.californiagasprices.com/

http://www.chicagogasprices.com/

Lower prices and no spikes my ass.

Typical cherry picking of McOwen on Chicago and elsewhere:thumbsdown:

HIS link to Gas Buddy (Folks, remember that McOwen claims they are liars) link shows low prices in the $3.75 range, average at $4.01 and the header indicates DROPPING.

In Chicago, expensive premium is the only thing pushing $5 and the expensive boutique type stations.

In CA, the average is around $4.25 with some places still under $4.

 

[dmcowen674]

Originally Posted by dmcowen674
Many stations around $4.50, closing in on $5 now in Chicago. Many California stations already at $5 http://www.californiagasprices.com/ http://www.chicagogasprices.com/ Lower prices and no spikes my ass.

anything to do with ukraine?

Record amount of oil and gasoline in the U.S.

You tell me.

 

[Londo_Jowo]

Gas prices are trending downward here. I paid $0.04/gal less this week than I did last week.

http://www.texasgasprices.com/Retail_Price_Chart.aspx

 

[dmcowen674]

I doubt the Oil Thug Supporter assholes in here will complain to the Media but here is the headlines by the Media.

Will they complain they are wrong?

Will they admit I was right as usual in the beginning of the year refuting the so called experts and Oil Thugs themselves?

Of course not.

5-7-2014

http://finance.yahoo.com/news/gas-prices-jump-toward-4-105759301.html

Gas Prices Jump Toward $4 in Some Big States



Gasoline prices do not seem to be easing as many economists thought they would.

As a matter of fact, throughout much of the country, prices continue to rise.

This is particularly true in some of the states with the largest populations. That means, day by day, a huge number of Americans have to pay more to fill up the tank.

Based on GasBuddy.com data, the price of an average gallon of regular is already $4.21 in California, which is home to 38 million of America's 316 million residents.

The price in New York has hit $3.93. More than 19 million people live in the state.

The price has reached $3.87 in Illinois, which has 13 million residents. In Pennsylvania, the price is $3.80. The Mid-Atlantic state is home to nearly 13 million people.

In Michigan, which has 9 million residents, the price has moved above $3.74.

Economists regularly argue that at some point gas prices undermine consumer spending. The problem is cumulative in most cases, starting with low-income workers and people who drive long distances regularly. Then ongoing increases progress to middle-income workers. Each household has a different tipping point, one at which gas prices begin to compete with housing, food and clothing costs. Gas prices become the enemy of consumer spending. GDP growth begins to erode slightly. A stronger economy becomes its own enemy as improved consumer activity drives gas prices up via rising consumption. A vicious circle begins.

Gasoline prices have moved close to $4 in states that have a quarter of America's residents. On balance, that is a bad thing for the economy.

 

[Londo_Jowo]

Imagine that, McOwned read the post of someone who he claims to ignore.

The main reason the prices are higher in New York, Pennsylvania, and Michigan are due to higher taxes and transportation cost. In California it's more complex as they require a fuel mixture that's refined/used no where else in the US.

 

[cabri]

Imagine that, McOwned read the post of someone who he claims to ignore.

The main reason the prices are higher in New York, Pennsylvania, and Michigan are due to higher taxes and transportation cost. In California it's more complex as they require a fuel mixture that's refined/used no where else in the US.

He is also accepting as gospel a site that he claims is rigged 😡

Michigan dropped 0.40-0.50 over the previous week, but nary a peep from him on such.

 

[werepossum]

I doubt the Oil Thug Supporter assholes in here will complain to the Media but here is the headlines by the Media.

Will they complain they are wrong?

Will they admit I was right as usual in the beginning of the year refuting the so called experts and Oil Thugs themselves?

Of course not.

5-7-2014

http://finance.yahoo.com/news/gas-prices-jump-toward-4-105759301.html

Gas Prices Jump Toward $4 in Some Big States



Gasoline prices do not seem to be easing as many economists thought they would.

As a matter of fact, throughout much of the country, prices continue to rise.

This is particularly true in some of the states with the largest populations. That means, day by day, a huge number of Americans have to pay more to fill up the tank.

Based on GasBuddy.com data, the price of an average gallon of regular is already $4.21 in California, which is home to 38 million of America's 316 million residents.

The price in New York has hit $3.93. More than 19 million people live in the state.

The price has reached $3.87 in Illinois, which has 13 million residents. In Pennsylvania, the price is $3.80. The Mid-Atlantic state is home to nearly 13 million people.

In Michigan, which has 9 million residents, the price has moved above $3.74.

Economists regularly argue that at some point gas prices undermine consumer spending. The problem is cumulative in most cases, starting with low-income workers and people who drive long distances regularly. Then ongoing increases progress to middle-income workers. Each household has a different tipping point, one at which gas prices begin to compete with housing, food and clothing costs. Gas prices become the enemy of consumer spending. GDP growth begins to erode slightly. A stronger economy becomes its own enemy as improved consumer activity drives gas prices up via rising consumption. A vicious circle begins.

Gasoline prices have moved close to $4 in states that have a quarter of America's residents. On balance, that is a bad thing for the economy.

Well said. I will point out that while it's bad for the economy, it's good for the environment. High gas prices make people drive less.