2014 Gasoline Price Forecast

[dmcowen674]

So basic math means that if the avg is 3.7, and your area is 4, then there must be many places below 3.7. The bottom price cant be 3.7, as that is not how math works.

So sucks for you that gas is so high, but perhaps, its not the doom and gloom you make it out to be. Maybe, just maybe that where supply and demand meet in your area is different than in other areas. Maybe...

Math, Supply and Demand have nothing to do with it.

Reading Comprehension you obviously Epic Fail at and should go to remedial instruction to catch up to at least 5th grade.

What part about record amounts of Oil and Gasoline being produced here in the United States do you not understand?

 

[Engineer]

http://www.cnbc.com/id/101735838?__...yahoo&doc=101735838|Will oil exports cut your

I'm not sure how exporting our oil, when we still import upwards of 40%+ of our oil, will lower anything? Can someone explain that to me?

I still don't understand why gas is near the all time high in the US when our production is at 30+ year highs, our 'in tank supplies' are at all time highs, our usage is at multi decade lows and might even drop more and the higher mpg cars start to replace our record aged automobile population. Of course, lots of easy FED money chasing commodities (speculation) could have a lot to do with that.

 

[dmcowen674]

Engineer - This Financial guy is asking the same questions

The Oil Thugs won't answer him either

6-9-2014

http://finance.yahoo.com/news/theres-no-justification-crude-oil-100000488.html

There's No Justification for Crude Oil Prices in the Stratosphere



Speculation for crude has been rampant over the past six months. Despite the fact that we are merely one month and 0.03% away from making an all-time high in crude oil supplies, we're seeing WTI crude at $102.76. If the price was based purely on a supply/demand theory, we should be in the low $80s.


We are literally at the point where we are running out of storage room for our crude and companies are distilling it for export.


We've all heard market pundits mention the U.S. should repeal all the laws prohibiting the exportation of crude oil. What they don't mention is these laws have not prevented these companies from exporting all forms of refined products. We have doubled our exports of gasoline in the past five years. Despite this, people are paying about $4 per gallon at the pump.


Recently, U.S. refineries decreased production to about 9.5 million barrels a day. Despite this decrease we saw an uptick in the surplus of gasoline by 0.2 million barrels. This shows us the demand is slightly down while prices continue to climb.

 

[dmcowen674]

Meanwhile oil now over $104

6-9-2014

http://news.investors.com/060914-70...meeting.htm?ven=yahoocp&src=aurlled&ven=yahoo

Oil Tops $104, With OPEC, Libya, Summer Season In Play

The U.S. crude benchmark muscled back above $104 per barrel Monday, running even with its late-May highs and up about 13% this year.

Bloomberg last week reported that BP (NYSE:BP) contracted for 80% of the output from a new Kinder Morgan Energy (NYSE:KMP) splitter refinery that divides crude oil into exportable products.

Such quick-step refineries are blazing a way around U.S. export restrictions.

At least four similar facilities are reportedly under construction in Houston and Corpus Christi, Texas.

​

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[cabri]

Why do you ignore that oil is not a US only product?

 

[realibrad]

Math, Supply and Demand have nothing to do with it.

Reading Comprehension you obviously Epic Fail at and should go to remedial instruction to catch up to at least 5th grade.

What part about record amounts of Oil and Gasoline being produced here in the United States do you not understand?

If you are going to call me out and use ad hominem attacks, then at least be clear as to where you think I made a mistake.

Just because production is at an all time high, does not mean prices automatically go down. If supply goes up 1 unit, and demand goes up 2 units, you would still likely see a rice in price. There are 20 something pages and its not reasonable to expect that I have kept up with every post.

The issue I had was that you posted that gas was $4 where you were, and ignored the national avg that was well below that in relative terms. I felt you were misusing the data and responded to that. So why is my reading comprehension being called out?

 

[dmcowen674]

Just because production is at an all time high, does not mean prices automatically go down.

If supply goes up 1 unit, and demand goes up 2 units, you would still likely see a rice in price.

There's your problem.

Demand is down to 2001 levels while production is at all time highs.

Comprehend the Thuggery yet?

 

[realibrad]

There's your problem.

Demand is down to 2001 levels while production is at all time highs.

Comprehend the Thuggery yet?

This link seems to think that total global demand is up.

http://www.independent.ie/business/...eavy-lifting-to-meet-oil-demand-30340751.html

To me, it looks like demand is up, and that could cause prices to be where they are.

 

[dmcowen674]

This link seems to think that total global demand is up.

http://www.independent.ie/business/...eavy-lifting-to-meet-oil-demand-30340751.html

To me, it looks like demand is up, and that could cause prices to be where they are.

No hope for you. You are clearly in the Thug camp.

 

[realibrad]

No hope for you. You are clearly in the Thug camp.

I dont think its fair to call me a Thug. If you have data that shows otherwise then I'm willing to change my mind.

Prices may also be influenced because the cost of environmental impact is finally being applied. For far too long, gas prices were incorrectly low in terms of the 3rd party impacts. It would be super hard to measure, as influences to price almost always are, but its another possibility.

I don't pretend to know the whole picture. I does seem like you are arguing ideology over facts. So give me data, or I will be stuck with what I have and make my conclusions from there.

 

[cabri]

I dont think its fair to call me a Thug. If you have data that shows otherwise then I'm willing to change my mind.

Prices may also be influenced because the cost of environmental impact is finally being applied. For far too long, gas prices were incorrectly low in terms of the 3rd party impacts. It would be super hard to measure, as influences to price almost always are, but its another possibility.

I don't pretend to know the whole picture. I does seem like you are arguing ideology over facts. So give me data, or I will be stuck with what I have and make my conclusions from there.

Unable to defend his comments; he will just throw mud instead.
Typical McOwen tactics

 

[dmcowen674]

For far too long, gas prices were incorrectly low in terms of the 3rd party impacts.

Officially an Oil Thug

Who do you work for ExxonMobil?

 

[realibrad]

Unable to defend his comments; he will just throw mud instead.
Typical McOwen tactics

It could be easily argued, that dmcowen674 does want to use facts. Facts are what knowledge is based off of. Subjectively, having knowledge makes you an intellect. dmcowen674 engages in anti intellectualism. Don't be an anti intellectualist, get rid of cable.

 

[Jaskalas]

Unable to defend his comments; he will just throw mud instead.
Typical McOwen tactics

Officially an Oil Thug

Who do you work for ExxonMobil?

/thread.

 

[realibrad]

Officially an Oil Thug

Who do you work for ExxonMobil?

hold on now. I just said that oil hurts the environment and that turns me into an oil thug. Cigarettes cause cancer, so now I work for the cigarette companies. Water can drown you, now I work for the water ninjas. The sun can give you a sun burn, now I work for the sun illuminati. (proud of that last one)

 

[cabri]

hold on now. I just said that oil hurts the environment and that turns me into an oil thug. Cigarettes cause cancer, so now I work for the cigarette companies. Water can drown you, now I work for the water ninjas. The sun can give you a sun burn, now I work for the sun illuminati. (proud of that last one)

Oil thug is anyone that challenges his warped statements (not even dignified with warped logic).

Call him the truth and it becomes an insult to a troll.:whiste:

 

[MagickMan]

http://www.cnbc.com/id/101735838?__...yahoo&doc=101735838|Will oil exports cut your

I'm not sure how exporting our oil, when we still import upwards of 40%+ of our oil, will lower anything? Can someone explain that to me?

I still don't understand why gas is near the all time high in the US when our production is at 30+ year highs, our 'in tank supplies' are at all time highs, our usage is at multi decade lows and might even drop more and the higher mpg cars start to replace our record aged automobile population. Of course, lots of easy FED money chasing commodities (speculation) could have a lot to do with that.

Gas has been the same price, accounting for inflation, for the last 40 years. You expect other things to go up except for gas? That's just weird.

 

[MagickMan]

Unable to defend his comments; he will just throw mud instead.
Typical McOwen tactics

He is an idiot. That's not really an insult, just a statement of fact. There isn't a more willfully, and unapologetically, ignorant d-bag on this forum. Calling him stupid is an insult to stupid people.

 

[desy]

http://inflationdata.com/Inflation/Inflation_Rate/Gasoline_Inflation.asp
Well not quite
Inflation adjusted has it around 2 to 2.5
It has been as high historically but certainly has trended upwards
I bought my first car in 83 and certainly decades of soft prices influenced auto choices I've made.
The good news is you can still make good choices with the product available, its harder when you use heating oil though as that isn't an easy fix

 

[MagickMan]

It would be $3.21 in my town, based on the 40 year avg, and today regular is $3.38. That's a 5% variance from the mean.

 

[werepossum]

Paid $3.899 yesterday for pure gasoline - a cool 50 cent premium over the ethanol mix next door. Ouch!

 

[Meghan54]

Paid $3.899 yesterday for pure gasoline - a cool 50 cent premium over the ethanol mix next door. Ouch!

And that's where the real gouging is happening. If it were only replacing the ethanol for gas and having the price increase 10%, maybe you could swallow that. But that assumes the ethanol is free and it isn't, so a 10% increase for replacing the ethanol with gas isn't justified, either. But the norm seems to be .50/gal increase for gas without ethanol, pure gouging.

 

[werepossum]

And that's where the real gouging is happening. If it were only replacing the ethanol for gas and having the price increase 10%, maybe you could swallow that. But that assumes the ethanol is free and it isn't, so a 10% increase for replacing the ethanol with gas isn't justified, either. But the norm seems to be .50/gal increase for gas without ethanol, pure gouging.

The really weird thing is that it's also full of regular automobiles, vans and trucks filling up with gas that's half a buck cheaper literally across the street. The bikes make some sense - that's why I'm filling up there, highly stressed engines don't like the ethanol mix - as would outboards or very old automobiles unable to tolerate 10% ethanol without some deterioration. But I'm at a loss as to why there's a 2010 Chrysler mini-van, a 1998 Dodge pick-up, etc. Either these people are really opposed to ethanol or they are really unobservant.

 

[JulesMaximus]

do you realize that if president obama's environmental agenda passes, gas will likely be more expensive, right?

Fuck the environment and the planet! Cheap gas is all that matters! :hmm:

 

[dmcowen674]

6-10-2014

http://www.cnbc.com/id/101748086?__...yahoo&doc=101748086|Hot oil prices could burn

Hot oil prices could burn consumers



Crude oil has soared over the past week, crossing about the $105 level for the first time since March.



"From a fundamental standpoint, when you net back $105 crude oil, we are looking at a hit to the consumer. For instance, over the last couple of weeks, we've seen a $3.50 run-up in price—that will translate to about an eight- or ten-cent rise at the pump for the consumer. AAA prices are right around $3.65 a gallon on a national average—we could be looking at, over the next couple of weeks, should oil stay at this level, at $3.75. And for the consumer, that is a lot of money."