2014 Gasoline Price Forecast

[Pulsar]

and your point of all this Oil Thug supporting would be what?

Did you parents ever tell you what a special, special snowflake you are?

It's thug supporting when allisolm posts facts that show you are wrong, huh?

I guess a lot of folks here are thugs then, because I can't think of a single one who hasn't shown you to be a complete and utter ninny at one point or another.

Price dropped here today - I filled up for 3.35. And I still don't get asked for ID to buy vinegar.

 

[TerryMathews]

Did you parents ever tell you what a special, special snowflake you are?

It's thug supporting when allisolm posts facts that show you are wrong, huh?

I guess a lot of folks here are thugs then, because I can't think of a single one who hasn't shown you to be a complete and utter ninny at one point or another.

Price dropped here today - I filled up for 3.35. And I still don't get asked for ID to buy vinegar.

You just have to keep in mind, most criminals are stupid.

 

[dmcowen674]

Originally Posted by dmcowen674
and your point of all this Oil Thug supporting would be what?

Balance.

Well at least you are being open about supporting the Thugs.

So how do you personally benefit?

Family member in the industry?

Stocks?

 

[cabri]

Originally Posted by dmcowen674
and your point of all this Oil Thug supporting would be what?



Well at least you are being open about supporting the Thugs.

So how do you personally benefit?

Family member in the industry?

Stocks?

You are really dense.

You posed this same questions previously and she answered

 

[dmcowen674]

So much oil everywhere the Thugs are having a hard time keeping it at $100

8-19-2014

http://www.marketwatch.com/story/oi...-losses-2014-08-19-21032759?amp;siteid=yhoof2

Oil slumps 2% to lowest close since January



Crude-oil futures continued to drop Tuesday, with the U.S. benchmark closing below $95 a barrel for the first time since January as fading geopolitical fears leave traders to focus on a supply glut.


“There is no shortage of oil at the moment; the conflict in Ukraine as well as fighting in Iraq had only a very limited impact on producing and transporting facilities. At the same time, lagging European demand and the seasonal lull in Asia continue to weigh on sentiment”

 

[Londo_Jowo]

Poor thing, does that mean we won' t see $4 or $5 gas before they start selling cheaper winter blend gas?

 

[dmcowen674]

The glut apparently only lasted 6 hours

8-20-2014

http://www.marketwatch.com/story/oil-futures-rise-ahead-of-weekly-supply-update-2014-08-20?siteid=yhoof2

Oil futures rise ahead of weekly supply update



Crude-oil futures rose Wednesday ahead of a report that may confirm a weekly decline in U.S. stockpiles.
West Texas intermediate crude for delivery in September CLU4, +1.31% advanced 69 cents, or 0.7%, to $95.17 a barrel in electronic trade.


The move came after industry trade group American Petroleum Institute late Tuesday said there was a drop of 1.4 million barrels in U.S. crude supplies for the week ended Aug. 15.



Stockpiles of gasoline and diesel declined as well.

September gasoline RBU4, +0.96% rose 3 cents, or 0.7%, to $2.715 a gallon

 

[Meghan54]

Did you parents ever tell you what a special, special snowflake you are?

It's thug supporting when allisolm posts facts that show you are wrong, huh?

I guess a lot of folks here are thugs then, because I can't think of a single one who hasn't shown you to be a complete and utter ninny at one point or another.

Price dropped here today - I filled up for 3.35. And I still don't get asked for ID to buy vinegar.

That's OK. I'm sure most here realize Dave lives in an alternate reality, totally divorced from what the rest live in.

And, Dave has still refused to answer how he'd accomplish what he crows about, in his sig (quoted and relevant part bolded):

Instead of getting rewarded for incompetence they should be forced to lower the price thus getting lower profits while they are being incompetent.

He bleats about wanting to force an industry to lower its prices, yet has ZERO suggestions/solutions to offer on exactly how to do just that. He probably doesn't even realize that to force an industry to set prices at levels he'd find comfortable would make the gov't either put in price controls or nationalize the industry....don't think there's any other way to get an industry to set prices where he wants them.

Sad, really.

And Dave's only comeback to anyone who disagrees with him is to call them thugs and supporters of the oil companies.

Strange comments from a convicted felon.

 

[Engineer]

Oil is currently listed as $93.07 per barrel on Yahoo Finance.

 

[dmcowen674]

Oil Thug calling out other Oil Thugs, now this is rich.

8-20-2014

http://finance.yahoo.com/news/oil--super-spike--is-coming--dan-dicker-194657769.html

Oil ‘super spike’ is coming



From the heady days of mid-2008 when it traded at nearly $150 a barrel, crude oil has had quite a rocky ride. After sliding down to the $30s and rallying back around $120, crude has settled in around the $90 to $110 range for the past two years.


Investment banks, particularly Morgan Stanley, Goldman Sachs, and JPMorgan have not only left oil trading but have also abandoned the oil marketing business, which used to bring a steady supply of new players to the energy market.


Individual oil traders (including Dicker himself) have disappeared as well. Dicker speculates around 3,000 traders have left the industry.


Dicker believes these changes have all but killed immediate speculative activity, which has been good for consumers in the short term, but will be bad for the prospects of cheaper oil in the long term. Without the liquidity provided by these players in the energy market, a crude oil ‘super-spike’ could be in the cards.


“When you have an oil price that’s hanging around $95, you won't see a $10 spike, you’ll see a $40 spike, because that’s what will be necessary to get these guys (oil exploration and production companies) ginned up” in order to produce more crude supply.

 

[CLite]

Oil Thug calling out other Oil Thugs, now this is rich.

8-20-2014

http://finance.yahoo.com/news/oil--super-spike--is-coming--dan-dicker-194657769.html

Oil ‘super spike’ is coming



From the heady days of mid-2008 when it traded at nearly $150 a barrel, crude oil has had quite a rocky ride. After sliding down to the $30s and rallying back around $120, crude has settled in around the $90 to $110 range for the past two years.


Investment banks, particularly Morgan Stanley, Goldman Sachs, and JPMorgan have not only left oil trading but have also abandoned the oil marketing business, which used to bring a steady supply of new players to the energy market.


Individual oil traders (including Dicker himself) have disappeared as well. Dicker speculates around 3,000 traders have left the industry.


Dicker believes these changes have all but killed immediate speculative activity, which has been good for consumers in the short term, but will be bad for the prospects of cheaper oil in the long term. Without the liquidity provided by these players in the energy market, a crude oil ‘super-spike’ could be in the cards.


“When you have an oil price that’s hanging around $95, you won't see a $10 spike, you’ll see a $40 spike, because that’s what will be necessary to get these guys (oil exploration and production companies) ginned up” in order to produce more crude supply.

Normally your posts are off the wall in this thread, but this article is gold. It's implying that before bankers started dumping money into speculating on oil there was a problem with getting enough capital to drill for oil? I'm pretty sure the multi-hundred billion dollar companies that have been doing just find drilling and extracting oil before self-important bankers providing "liquidity" got involved would beg to disagree.

Creating overpriced oil now isn't some cure to prevent future spikes. $95/barrel oil is plenty to support the various non-traditional forms of extraction/production.

 

[cabri]

Future Market oil prices have very little to do with the capital costs/investors in the companies that explore/drill wells.

 

[dmcowen674]

Here is a technology we will never be able to see

8-21-2014

http://blog.sfgate.com/energy/2014/08/20/turning-natural-gas-to-gasoline-at-1-per-gallon/

Turning natural gas to gasoline — at $1 per gallon



Bay Area startup Siluria Technologies has developed a way to make gasoline, diesel and jet fuel from natural gas — not crude oil.


And the oil industry has noticed.


Today, the 6-old-company will announce that its latest $30 million financing round was led by Saudi Aramco, the world’s biggest oil company.


The company uses a catalyst to make ethylene, a widely used chemical, from the methane in natural gas. When processed with other catalysts, the ethylene molecules can be combined to create gasoline, diesel or jet fuel. And at today’s natural gas prices, the company claims it can make gasoline for as little as $1 per gallon.



No wonder Aramco wanted in.

 

[Londo_Jowo]

I guess we'll have to wait to see if it works in a large scale operation come 2017.

http://www.xconomy.com/san-francisc...audi-aramco-for-natural-gas-to-gasoline-tech/

The money will be used to complete construction of a demonstration plant in La Porte, TX and continue research into using Siluria’s technology in other areas. Siluria expects to be operating two commercial-scale plants in 2017: one for producing the chemical ethylene and one for making gasoline from natural gas, says Rahul Iyer, the company’s vice president of corporate development.

 

[dmcowen674]

Got the 30 cent jump again tonight.

Still a week and half to Labor Day

 

[brianmanahan]

gas never got to 5$ a gallon this summer like dave told me it would

shoot, it never even got to 4$ a gallon

i may have trouble believing his predictions in the future based on this turn of events

 

[dmcowen674]

gas never got to 5$ a gallon this summer like dave told me it would

shoot, it never even got to 4$ a gallon

i may have trouble believing his predictions in the future based on this turn of events

It's still around $4 in Chicago and now north of $3.50 once again here.

I don't give a rats ass where you live in case you were wondering.

 

[cabri]

It's still around $4 in Chicago and now north of $3.50 once again here.

I don't give a rats ass where you live in case you were wondering.

cherry pick all you want - why not use Hawaii fuel prices as your barometer.

It has already been explained to you what is driving the Indiana/Michigan fuel prices.

And we understand that your comprehension of such reasoning is seriously flawed.

 

[allisolm]

It's still around $4 in Chicago and now north of $3.50 once again here.

Chicago Gas Prices
Today 3.660
Yesterday 3.660

Using your guidelines, gas in Indianapolis (Today 3.370, Yesterday 3.357) is around $3.00. Cheap! Fill up!

 

[Engineer]

Time for the jump up in Lexington even though oil has fallen tremendously lately.

$3.26 yesterday morning. $3.55 this morning (the graph will be higher tomorrow).

 

[OutHouse]

Still a solid $3.65 - $3.73 in the Denver area.

I paid $3.55 at Kroger yesterday using my .10 per gallon discount. WOOT!!!

 

[Sattern]

Over the next 10 years gas will slowly lower, it will be because the hype will move to something else and also because the algae oil production will become more mainstream and lower prices as long as they don't hold onto reserves to keep prices high.

 

[dmcowen674]

Time for the jump up in Lexington even though oil has fallen tremendously lately.

$3.26 yesterday morning. $3.55 this morning (the graph will be higher tomorrow).

That can't be according to Allisohm

 

[dmcowen674]

Still a solid $3.65 - $3.73 in the Denver area.

I paid $3.55 at Kroger yesterday using my .10 per gallon discount. WOOT!!!

Get out of town, there's no way according to the Gas experts in here, you have to be paying $3 or less.

 

[Londo_Jowo]

I paid $2.96/gal this morning (with $0.10/gal Kroger discount and $0.03/gal debit card discount)

http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx