2014 Gasoline Price Forecast

[OutHouse]

the costco i get gas at has been holding steady at $2.47 for the past week. everybody else have been holding at $2.55 - $2.70

 

[MagickMan]

Poor, poor McOwned low oil and gas prices, instead of the drive for 5 it looks more like it will be a drive for 2.

Yep, $2.15 here this morning, the low prices must annoy the shit out of him.

 

[xBiffx]

Starting to see gas below $2 in OK.

http://www.bloomberg.com/news/2014-12-03/first-u-s-gas-station-drops-below-2-a-gallon.html

 

[dmcowen674]

This guy has to be on drugs.
This has to be the biggest laugh of the year.
The Fall of OPEC?

Like Jim Mora once said "Are you kidding me"?

12-4-2014

http://www.businessweek.com/article...then-itself-faced-disruption?campaign_id=yhoo

The Rise and Fall of OPEC



1960 Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela establish the Organization of the Petroleum Exporting Countries, a cartel designed to exert control over global oil prices—and reduce Western influence in the Middle East.


1973 OPEC imposes an embargo on exports to the U.S. and cuts production, driving oil prices up almost 300 percent.


2014 The shale oil boom in U.S. eats into OPEC's market share, pushing down prices and weakening the cartel's power over the world's energy supplies.

 

[dmcowen674]

Like I said the Oil Thugs aren't going anywhere:

12-4-2014

http://finance.yahoo.com/news/saudis-steeply-cuts-oil-prices-141135044.html

Saudis steeply cuts oil prices for Asia, U.S



Saudi Arabia steeply cut its January oil prices for Asian and U.S. buyers on Thursday, a move some analysts said showed it was stepping up a battle for market share a week after refusing to support OPEC output cuts.


"(The) Saudis are making it clear they don't want to lose market share," Richard Mallinson, an analyst at consultancy Energy Aspects, told the Reuters Global Oil Forum.


OPEC sources have said Saudi oil minister Ali al-Naimi told the OPEC ministerial meeting held behind closed doors that OPEC should defend its market share as production cuts would only boost rival producers, including U.S. shale oil.


According to sources Naimi also didn't give any indication how far prices would need to fall for Saudi Arabia to consider cutting production.

 

[Londo_Jowo]

Yep, like you have said many times......It's the drive for 5 or was it 6. Too bad you were wrong yet again Notradumas McOwned

 

[dmcowen674]

Not a bad article.

This guy acknowledges the problem of Rockets and Feathers is worse in the Midwest states

12-4-2014

http://www.cnbc.com/id/102240451?__...line|headline|story&par=yahoo&doc=102240451#.

Oil's plunging—why hasn't gasoline fallen faster?



Economists call it the "rockets and feathers" phenomenon. Rockets zoom higher, but feathers float lower.


There's pretty wide agreement that gasoline prices seem to rise quickly when oil spikes, but they don't fall so quickly when crude crashes. There's little consensus about why.

The latest data point comes with the recent plunge in global crude oil prices; West Texas Intermediate has fallen from a summer peak of about $102 to just above $66 on Thursday. That's a 35.3 percent drop.



During the same period, the average price of a gallon of gasoline has fallen from $3.87 to $2.86—or just 21 percent

In 2010, a Federal Trade Commission study found that on average, retail pump prices rise more than four times as fast as they fall. The effect was more pronounced with branded gasoline than unbranded gas.

And the "rockets and feathers" phenomenon was worse in Midwest cities than elsewhere in the U.S.

 

[Drako]

The latest data point comes with the recent plunge in global crude oil prices; West Texas Intermediate has fallen from a summer peak of about $102 to just above $66 on Thursday. That's a 35.3 percent drop.



During the same period, the average price of a gallon of gasoline has fallen from $3.87 to $2.86—or just 21 percent

Meh.

From the graph, it seems like they've alway lagged. Not sure why this is news.

 

[CPA]

Meh.

From the graph, it seems like they've alway lagged. Not sure why this is news.

Not only that, but the oil companies don't necessary regulate the pump price. That's based on competition and market. Maybe the thugs are the convenience store owners.

 

[Londo_Jowo]

Funny we don't see the rocket - feathers effect here, prices tend to come down as fast as they went up. We also don't see spikes of more than $0.10/gal.

 

[cabri]

Not a bad article.

This guy acknowledges the problem of Rockets and Feathers is worse in the Midwest states

Seeing how you have presented the article; maybe you will comprehend what it is saying.

Or dd you perform your usual cut/past without reading

The information is exactly what you have been told by multiple people over the past couple of years; you just refuse to acknowledge it and claim that it is a conspiracy against you. :Colbert:

 

[cabri]

Now below $2 without discounts

The last time the national average price of regular conventional gas was under $2 was the week of March 16, 2009. That's when the average was $1.96 a gallon, according to the Energy Department

Under Obama (according to sensamp and others) the price has dropped greatly.

Yet apparently is also doubled under Obama's watch.

My take is that it is the world market, not the US political bent that drives the largest adjustment.

 

[dmcowen674]

Now have the widest gap of gas prices between states.

States that the Oil Thugs can get more money out of like New York, Illinois, California they are still charging around $3 while the poor southern states like South Carolina and Missouri are under $2

12-6-2014

http://www.cnbc.com/id/102243855?__...adline|headline|story&par=yahoo&doc=102243855

America's gas price gap widens



This week, an Oklahoma gas station posted a $1.99-per-gallon price, making it first in the nation to drop below $2. If you aren't living in the Sooner State, though, that won't mean much. That's because we haven't seen gas prices this far apart in 10 years.


First, notice how gas prices in all 50 states (mushed together in the following graphic) mostly track each other on the way up and down, according to data from GasBuddy:


Let's take out all the mushiness and focus only on the extremes—the states with the most and least expensive average gas prices month to month. Now you see just two lines, instead of 50.

Due to differences taxes and geographic access to gas, certain states tend to be consistently higher or lower than the national average, which is normal.

Right now, however, we are seeing something new: the widest price gap in 10 years of data tracked by GasBuddy:

As of this month, Hawaii had the most expensive gas, averaging $3.853 a gallon.

That's $1.41 more than the state with the cheapest average gas price, Missouri, where it was $2.446. The spread tops the $1.33 gap in November, which had already been above anything we had seen before.

South Carolina or Missouri has had the best prices for consumers.

DeHaan notes that the Rocky Mountain states generally lag changes to the national average. They tend to be a month behind the country because of lower volumes and access to cheap Canadian crude. New Jersey tends to have among the lowest gas taxes, explaining its position on the list.

 

[Londo_Jowo]

No way the price spread is due to proximity to refineries/gasoline pipeline depots right?

 

[Zaap]

Wait... something is more expensive in Hawaii? Get out!

 

[Ketchup]

I remember hearing years ago that gasoline prices lower at a much slower rate than they go up up, as long as surrounding stations follow suit. Which is somewhat understandable. I mean, they will get their next truck at the lower rate, but they still need to pay for what's in the tank.

 

[Matt1970]

Now have the widest gap of gas prices between states.

States that the Oil Government Thugs can get more money out of like New York, Illinois, California they are still charging around $3 while the poor southern states like South Carolina and Missouri are under $2

.

Fixed that for you.

Gas tax ranking.
#1 California 71.3 ¢/gallon
#2 New York 68.3 ¢/gallon
#8 Illinois 57.5 ¢/gallon

#48 South Carolina 35.2 ¢/gallon
#46 Missouri 35.7 ¢/gallon

 

[MagickMan]

No way the price spread is due to proximity to refineries/gasoline pipeline depots right?

It's the higher taxes, but McOwned is far too stupid to ever grasp that.

 

[Pulsar]

Fixed that for you.

Gas tax ranking.
#1 California 71.3 ¢/gallon
#2 New York 68.3 ¢/gallon
#8 Illinois 57.5 ¢/gallon

#48 South Carolina 35.2 ¢/gallon
#46 Missouri 35.7 ¢/gallon

That is the most blatant ownage I've seen since, well, the last time mcretard opened his mouth.

 

[CPA]

Fixed that for you.

Gas tax ranking.
#1 California 71.3 ¢/gallon
#2 New York 68.3 ¢/gallon
#8 Illinois 57.5 ¢/gallon

#48 South Carolina 35.2 ¢/gallon
#46 Missouri 35.7 ¢/gallon

Illinois also has taxes on top of taxes. I posted how they calculate it some time ago but to lazy to look it up.

 

[dmcowen674]

The Job axes begins to fall on the smug Oil Industry thugs

12-7-2014

http://finance.yahoo.com/news/bp-wield-jobs-axe-oil-143727198.html

BP to wield jobs axe as oil price slump takes toll



BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary.

"What you'll see with this simplification plan is that headcounts are starting to come down across all of our activities in upstream, downstream and in the corporate centres -- essentially the layers above operations," the newspaper quotes Gilvary as saying.

 

[Matt1970]

That is the most blatant ownage I've seen since, well, the last time mcretard opened his mouth.

To be fair it is like shooting fish in a barrel. I would post more but I am late for my second job I had to take on to pay for my $10 a gallon milk and gas.

 

[dmcowen674]

12-7-2014

http://finance.yahoo.com/news/one-big-us-industry-happy-161614093.html

One Big US Industry Will Be Happy To See Energy Companies Lay Off Workers



Laborers in the US energy industry are nervously watching crashing oil prices as they wonder what persistently low prices could mean for their jobs.


According to a new report from The Sunday Times, energy giant BP has already begun laying off workers.


The good news is that laid-off workers might find an opportunity in another industry: the homebuilding industry.

Labor Shortages

There's an ongoing debate about how much slack there is in the US labor market. It's a complex topic. But one argument we hear repeatedly is that the quality of available labor is lacking.


Specifically, this is something we hear a lot from America's homebuilders who say that new home sales would be higher if they could fill their job openings.



Recent surveys from the National Association of Homebuilders reveal that labor shortages have only been getting worse for builders, subcontractors, and remodelers.

 

[dmcowen674]

Hey someone not on my ignore list, could you repost how the resident Oil Thug supporters explain how oil is nearly half of the $100 it was at for 4 years? Thanks

12-10-2014


Oil hits $60

http://finance.yahoo.com/q?s=clf15.nym

Crude Oil Jan 15 (CLF15.NYM)

-NY Mercantile Watchlist

61.05

2.77(4.34%) 11:23AM EST




Prev Settlement:N/AOpen:63.33Bid:61.05Ask:61.06Day's Range:60.99 - 63.43Volume:194,875Open Interest:N/ASession:
Exp. Date:N/A

 

[Londo_Jowo]

LMAO!!!! McOwned is oblivious to what causing the drop in oil prices even though he posted links to news that reported that the Saudi's were driving the price down.