2014 Gasoline Price Forecast

[OILFIELDTRASH]

Fingers crossed for high natural gas prices. Oil can stay in the $100 range.

 

[dmcowen674]

There are quite a few nuts in here that use Revisionist History and claim $5 gas never happened.

Then how do you explain this?

1-28-2014

http://www.bloomberg.com/news/2014-...-for-u-s-crude-exports-energy.html?cmpid=yhoo

Falling Gasoline Hurts Exxon Plea for U.S. Crude Exports



A flood of new oil from Texas to the Great Plains has swamped refineries, driving down prices at the pump 10 percent since March, while global oil prices have hovered at about $107 a barrel.



That suggests the world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.

U.S. supplies are having a greater impact because they’re making up a bigger part of the gasoline market, supplying about 53 percent today, compared with 34 percent less than three years ago.


As cheaper oil translates to cheaper gasoline, Exxon and ConocoPhillips will have a tougher time convincing legislators that ending export restrictions that date back to 1970s oil shortages would benefit the nation, said Sandy Fielden, director of energy analytics at consultant RBN Energy LLC.


If more exports are allowed, “The most obvious thing that’s going to happen is that crude prices will go up and so will gasoline,” Fielden said.

Lifting strict export limits would halt the decline in U.S. crude prices while costing motorists as much as $10 billion a year in higher fuel prices, according to Barclays Plc.

The lighter weight oil from shale fields, which has fewer impurities, tends to yield more gasoline, a factor that could further boost supply and potentially decrease prices if oil export restrictions remain in place, John Auers, a senior vice president at industry consultant Turner Mason & Co.


“From a long term fundamental standpoint, gasoline prices are going to be pretty attractive,” Auers said.



“We’ve seen those high, $5-a-gallon prices and we’re not going back to those for any length of time.”



===================================
Of course I will get to laugh at these Oil Thug Industry so called experts when we reach not only $5 again but soar towards $6 on the "maintenance issues" that always crop up every year and they get rewarded for being incompetent.

 

[Doppel]

There are quite a few nuts in here that use Revisionist History and claim $5 gas never happened.

Then how do you explain this?

1-28-2014

http://www.bloomberg.com/news/2014-...-for-u-s-crude-exports-energy.html?cmpid=yhoo

Falling Gasoline Hurts Exxon Plea for U.S. Crude Exports



A flood of new oil from Texas to the Great Plains has swamped refineries, driving down prices at the pump 10 percent since March, while global oil prices have hovered at about $107 a barrel.



That suggests the world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.

U.S. supplies are having a greater impact because they’re making up a bigger part of the gasoline market, supplying about 53 percent today, compared with 34 percent less than three years ago.


As cheaper oil translates to cheaper gasoline, Exxon and ConocoPhillips will have a tougher time convincing legislators that ending export restrictions that date back to 1970s oil shortages would benefit the nation, said Sandy Fielden, director of energy analytics at consultant RBN Energy LLC.


If more exports are allowed, “The most obvious thing that’s going to happen is that crude prices will go up and so will gasoline,” Fielden said.

Lifting strict export limits would halt the decline in U.S. crude prices while costing motorists as much as $10 billion a year in higher fuel prices, according to Barclays Plc.

The lighter weight oil from shale fields, which has fewer impurities, tends to yield more gasoline, a factor that could further boost supply and potentially decrease prices if oil export restrictions remain in place, John Auers, a senior vice president at industry consultant Turner Mason & Co.


“From a long term fundamental standpoint, gasoline prices are going to be pretty attractive,” Auers said.



“We’ve seen those high, $5-a-gallon prices and we’re not going back to those for any length of time.”



===================================
Of course I will get to laugh at these Oil Thug Industry so called experts when we reach not only $5 again but soar towards $6 on the "maintenance issues" that always crop up every year and they get rewarded for being incompetent.

I am glad to see that you continue to press your luck with your already precarious position at Anandtech. I have no doubt at all that you will earn yourself another banning for your dishonesty and/or erratic behavior in short order.

 

[TerryMathews]

ranting

Dont you have a computer to go install SETI@Home on?

 

[dmcowen674]

Dont you have a computer to go install SETI@Home on?

Much more fun getting under your skin and the other radical Oil Thugs on here.

 

[TerryMathews]

Much more fun getting under your skin and the other radical Oil Thugs on here.

So you admit you're trolling.

 

[CLite]

and what do you think will happen to gas prices once that $15 discount is gone?

How high will they push gas prices to make up for their lost Thuggery profit to begin with?

I believe $6 would be on the low side.

Honestly Dave the market is not going to bear these scattered local refineries that are currently making $$$$ on discounted local crude to skyrocket gasoline prices. With excess European gasoline production capacity providing an arbitrage force in conjunction with most of the USA refineries not enjoying huge discounted crude compared to the refineries in the prime locations there would be a relatively minimum impact.

Now lifting the ban on oil exports would have a larger impact than the keystone pipeline on gasoline prices, but still not as dire as you love to predict.

 

[Meghan54]

Depends where you are if you read the threads and posts on the subject.

If you live in Texas you are paying less than $3 and pretty much have hardly ever seen gas higher than $3.

On the other side of the coin if you live on the West Coast, East Coast from D.C. north and the Midwest you never see gas less than $3 and normally closer to $4.

One thing certainly for sure, Texans should be forced to pay their fair share and have their prices raised.

Why all the butthurt about Texans paying less for gas than people living in, say, Mass. or the like?

Guess the increased taxes in the NE has nothing to do with the price of gas, eh? Or increased transportation costs? Or higher regulatory costs put on sellers of gas in the NE vs. Texas......mindboggling you don't understand market forces or fixed costs.

As for this comment:

...Midwest you never see gas less than $3...

......Utter and complete bullshit! Well, that is if you don't count Kansas, Nebraska, Iowa, Missouri, or Arkansas as midwest.....

Nebraska....lowest current gas price is $2.85
http://www.nebraskagasprices.com/

Iowa.....lowest current gas price is $2.85
http://www.iowastategasprices.com/

Kansas.....lowest current gas price is $2.93
http://www.kansasgasprices.com/

Arkansas....lowest current gas price is $2.85
http://www.arkansasgasprices.com/

Missouri....lowest current gas price is $2.77
http://www.missourigasprices.com/

Indiana....lowest current gas price is $2.89
http://www.indianagasprices.com/

Illinois.....lowest current gas price is $2.98
http://www.illinoisgasprices.com/

Montana....$2.84
http://www.montanagasprices.com/

Oklahoma....$2.85
http://www.oklahomagasprices.com/

Wyoming....$2.89
http://www.wyominggasprices.com/



Now, I know you're going to say...."But, but those prices aren't in the big cities, only outlying towns." But that wasn't your claim, was it? You stated the Midwest never sees gas prices below $3/gal, and the FACTS listed above, which you can check by simply clicking on the appropriate links, show you're full of crap....or just don't know what the hell you're talking about at all. Probably both.

I think I covered a large enough representative sample of the Midwest.

 

[CLite]

Why all the butthurt about Texans paying less for gas than people living in, say, Mass. or the like?

Guess the increased taxes in the NE has nothing to do with the price of gas, eh? Or increased transportation costs? Or higher regulatory costs put on sellers of gas in the NE vs. Texas......mindboggling you don't understand market forces or fixed costs.

Yea, no......

The primary issue is the East Coast refineries were geared to process heavy crude which traditionally sold at a large discount. The margins on heavy crude got decimated as more upgrading expansions were made throughout the world, hence saturating the heavy crude refining market. Therefore the East Coast refineries lost their competitive edge with the heavy crude margin being negligible and were forced to shut down.

Regulations have nothing to do with it, and regarding your tax comment my gasoline taxes in NJ are much less than TX gasoline taxes and are 2nd to best in the country.

Your transportation comment has merit, it's mainly the gulf coast being tooled for light crude in conjunction with light crude revolution due to shale having close proximity to them.

 

[sportage]

What I find simple minded thinking by any American is with believing that less foreign oil would equal lower gas prices at the pump. Or that DRILL BABY DRILL mentality.
Memo to the masses:
US oil companies with no competition would ensure 7 dollar a gallon (or higher) prices at every pump within America forever more.
Take ethanol.
The oil companies want it all, and they now consider even the American farmer as unacceptable competition.
If people haven't noticed, US oil companies are now lobbing congress hard to kill off ethanol once and for all. They want no competition.
Thank your lucky stars that OPEC is still alive and well and creating competition.
If we took OPEC out of the mix, US oil companies would raise gas prices three fold within one month. Take away the competition from ethanol production, and foreign oil, and the oil companies own it all.
And if ANYONE believes for one minute that US oil companies are not greed driven and do not seek an monopoly, think again.
DRILL BABY DRILL would only force every American to drill even deeper into their own pocket to pay at that pump.
Where does this mindset come from that big oil is our friend?
Or that oil independence would magically mean low gas prices?
And why would US oil companies go after the farmer and ethanol?
OPEC and foreign oil might be a dirty word, but that is one of two current forces keeping gas prices fairly stable and affordable.
US oil would simply LOVE to put an end to THAT!
And no doubt with the help of their owned and paid for US congress people, US oil companies will success at dong just that.
Greed "is" an American business philosophy, in case you missed that memo.

 

[Londo_Jowo]

^ You need to lay off the alphabet soup, you seem to puke a jumble of letters every time.

 

[Engineer]

Stations have now dropped back from the $3.39 all the way down to $3.15 (at least by the house).

 

[dmcowen674]

Why all the butthurt about Texans paying less for gas than people living in, say, Mass. or the like?

Guess the increased taxes in the NE has nothing to do with the price of gas, eh? Or increased transportation costs? Or higher regulatory costs put on sellers of gas in the NE vs. Texas......mindboggling you don't understand market forces or fixed costs.

As for this comment:


......Utter and complete bullshit! Well, that is if you don't count Kansas, Nebraska, Iowa, Missouri, or Arkansas as midwest.....

Nebraska....lowest current gas price is $2.85
http://www.nebraskagasprices.com/

Iowa.....lowest current gas price is $2.85
http://www.iowastategasprices.com/

Kansas.....lowest current gas price is $2.93
http://www.kansasgasprices.com/

Arkansas....lowest current gas price is $2.85
http://www.arkansasgasprices.com/

Missouri....lowest current gas price is $2.77
http://www.missourigasprices.com/

Indiana....lowest current gas price is $2.89
http://www.indianagasprices.com/

Illinois.....lowest current gas price is $2.98
http://www.illinoisgasprices.com/

Montana....$2.84
http://www.montanagasprices.com/

Oklahoma....$2.85
http://www.oklahomagasprices.com/

Wyoming....$2.89
http://www.wyominggasprices.com/



Now, I know you're going to say...."But, but those prices aren't in the big cities, only outlying towns." But that wasn't your claim, was it? You stated the Midwest never sees gas prices below $3/gal, and the FACTS listed above, which you can check by simply clicking on the appropriate links, show you're full of crap....or just don't know what the hell you're talking about at all. Probably both.

I think I covered a large enough representative sample of the Midwest.

Your the one posting bullshit. Why don't you come here and try to get gas at $2.89.

I've said it before and say it again. I'll put you up, pay your food.

Whatever it takes.

That goes to any one of the bullshitters in here.

I live close enough to Engineer now that the prices I'm paying mirror his posts.

So you are calling him a liar too.

 

[dmcowen674]

What I find simple minded thinking by any American is with believing that less foreign oil would equal lower gas prices at the pump. Or that DRILL BABY DRILL mentality.

Memo to the masses:
US oil companies with no competition would ensure 7 dollar a gallon (or higher) prices at every pump within America forever more.
Take ethanol.

The oil companies want it all, and they now consider even the American farmer as unacceptable competition.

If people haven't noticed, US oil companies are now lobbing congress hard to kill off ethanol once and for all. They want no competition.

Thank your lucky stars that OPEC is still alive and well and creating competition.

If we took OPEC out of the mix, US oil companies would raise gas prices three fold within one month. Take away the competition from ethanol production, and foreign oil, and the oil companies own it all.

And if ANYONE believes for one minute that US oil companies are not greed driven and do not seek an monopoly, think again.

DRILL BABY DRILL would only force every American to drill even deeper into their own pocket to pay at that pump.

Where does this mindset come from that big oil is our friend?

Or that oil independence would magically mean low gas prices?

And why would US oil companies go after the farmer and ethanol?

OPEC and foreign oil might be a dirty word, but that is one of two current forces keeping gas prices fairly stable and affordable.

US oil would simply LOVE to put an end to THAT!

And no doubt with the help of their owned and paid for US congress
people, US oil companies will success at dong just that.

Greed "is" an American business philosophy, in case you missed that memo.

In case you missed it quite a few of the posters in here that seem friendly to the Oil Industry is because they have admitted to being part of the Oil Industry.

Their jobs are in the Industry and they personally benefit from raping America and Americans.

 

[dmcowen674]

Stations have now dropped back from the $3.39 all the way down to $3.15 (at least by the house).

Haven't quite dropped back that far yet.

Lowest station around I've seen was a Speedway at $3.23

 

[Doppel]

1/23/2014, dmcowen674:
Nice chart Engineer. :thumbsup: and I've never lied about gas prices.

Are you still holding to this fantasy McOwed? Are you pretending that you were not admonished by moderators specifically for lying and told to stop throwing out your idiotic stuff like "Gas went up $.30 last night?" Because you were. Specifically told to stop, because you were lying. Are you denying this?

Here's another example of a lie you told that you were scolded for by a mod:

http://forums.anandtech.com/showpost.php?p=32832018&postcount=2467

Here is the exact text in case you edit it:

Not sure it this is nationwide or just Illinois statewide but order was given to secure all unused gas pumps either by ripping them out or boarding them up tightly.

They are getting ready.

I asked dmcowen674 for corobboration of this order and he has not provided any.
admin allisolm

 

[desy]

Gasoline is a globally traded commodity
End of story, move on and quit fixating on prices

 

[MagickMan]

Your the one posting bullshit. Why don't you come here and try to get gas at $2.89.

I've said it before and say it again. I'll put you up, pay your food.

Whatever it takes.

That goes to any one of the bullshitters in here.

I live close enough to Engineer now that the prices I'm paying mirror his posts.

So you are calling him a liar too.

Oh, the irony. You're a known, confirmed liar, a partisan political hack of the lowest order. There's no reason anything you say should be taken seriously.

 

[dmcowen674]

Oh, the irony. You're a known, confirmed liar, a partisan political hack of the lowest order. There's no reason anything you say should be taken seriously.

Yet you keep reading and posting like the other dolts.

 

[CPA]

One more dolt to put you in your place.

Dave, it would add credibility to your argument if you included all the information.

Information like, maybe the fact that Chicago has some of the highest gas taxes in the country and Illinois is only one of 7 states to apply sales tax for each gallon. Of course, sales tax is a percentage, so the amount increases as gas prices go up. Oh, and it's calculated on not only the price per gallon but also on top of flat taxes that are already imposed on that gallon. So, you get the privilege of paying tax on top of tax.

It might also be beneficial if you mentioned that Chicago is the only city that requires a specially formulated ethanol-based summer gas that only a handful of refiners can provide. But, hey, it's not Chicago's fault when their unique requirements increase the risk of shortages as a result of refinery issues. Nope, it's just the refiners fault.

Just so you're clear, Chicagoans pay:

Federal Excise Tax - 18.4c
Illinois Excise Tax - 19.0c
Underground Storage Fund - 0.3c
Environmental Impact Fee - 1.1c
Ethanol Sales Tax - 5.0%
Chicago/Cook County/Regional Transp Authority Sales Tax - 2.8%
Chicago Flat Tax - 5.0c
Cook County Flat Tax - 6.0c

Or roughly 80 cents a gallon of $4/gallon gas. Maybe it's time you widen your focus on the culprits.

 

[TerryMathews]

One more dolt to put you in your place.

Dave, it would add credibility to your argument if you included all the information.

Information like, maybe the fact that Chicago has some of the highest gas taxes in the country and Illinois is only one of 7 states to apply sales tax for each gallon. Of course, sales tax is a percentage, so the amount increases as gas prices go up. Oh, and it's calculated on not only the price per gallon but also on top of flat taxes that are already imposed on that gallon. So, you get the privilege of paying tax on top of tax.

It might also be beneficial if you mentioned that Chicago is the only city that requires a specially formulated ethanol-based summer gas that only a handful of refiners can provide. But, hey, it's not Chicago's fault when their unique requirements increase the risk of shortages as a result of refinery issues. Nope, it's just the refiners fault.

Just so you're clear, Chicagoans pay:

Federal Excise Tax - 18.4c
Illinois Excise Tax - 19.0c
Underground Storage Fund - 0.3c
Environmental Impact Fee - 1.1c
Ethanol Sales Tax - 5.0%
Chicago/Cook County/Regional Transp Authority Sales Tax - 2.8%
Chicago Flat Tax - 5.0c
Cook County Flat Tax - 6.0c

Or roughly 80 cents a gallon of $4/gallon gas. Maybe it's time you widen your focus on the culprits.

Alright CPA, which oil company do you work for? /mcowned

 

[dmcowen674]

One more dolt to put you in your place.

Dave, it would add credibility to your argument if you included all the information.

Information like, maybe the fact that Chicago has some of the highest gas taxes in the country and Illinois is only one of 7 states to apply sales tax for each gallon. Of course, sales tax is a percentage, so the amount increases as gas prices go up. Oh, and it's calculated on not only the price per gallon but also on top of flat taxes that are already imposed on that gallon. So, you get the privilege of paying tax on top of tax.

It might also be beneficial if you mentioned that Chicago is the only city that requires a specially formulated ethanol-based summer gas that only a handful of refiners can provide. But, hey, it's not Chicago's fault when their unique requirements increase the risk of shortages as a result of refinery issues. Nope, it's just the refiners fault.

Just so you're clear, Chicagoans pay:

Federal Excise Tax - 18.4c
Illinois Excise Tax - 19.0c
Underground Storage Fund - 0.3c
Environmental Impact Fee - 1.1c
Ethanol Sales Tax - 5.0%
Chicago/Cook County/Regional Transp Authority Sales Tax - 2.8%
Chicago Flat Tax - 5.0c
Cook County Flat Tax - 6.0c

Or roughly 80 cents a gallon of $4/gallon gas. Maybe it's time you widen your focus on the culprits.

Newsflash - I am no longer in Chicago

I pay the same prices as Engineer now.

Now what is your excuse for the Oil Thugs?

By the way ya'll, enjoy the sub $3 gas while you can, your friendly on purpose incompetent Refinery workers will have a convenient maintenance issue, fire or explosion in no time to be rewarded for being shitty at their jobs.

 

[dmcowen674]

Won't have to wait for the next planned maintenance issue, fire or explosion, oil is getting close to back over $100.

1-3-2014

http://www.marketwatch.com/story/oil-tops-98-natural-gas-prices-drop-over-8-2014-01-30?siteid=yhoof2

Oil tops $98



Oil futures topped $98 a barrel on Thursday, closing at their highest level of the year following news of strong growth in the U.S. economy.



March crude CLH4 +0.72% rose 87 cents, or 0.9%, to end at $98.23 a barrel on the New York Mercantile Exchange

 

[Londo_Jowo]

Seems to have no effect here as gas prices are getting close to $2.80/gal. $2.82/gal at the Chevron close to where I live.

http://www.houstongasprices.com/Chevron_Gas_Stations/Richmond/107517/index.aspx

 

[brianmanahan]

experts predict the amount of ownage in this thread will increase by %9000 by the end of the year

we should expect to see unprecedented amounts of idiocy that will weak havoc on P&N

billions of brain cells will certainly die because of the trauma