2014 Gasoline Price Forecast

[Zaap]

I plugged-in at a public library in Palm Springs this morning. Total cost: free. $0 per kilowatt with the five finger "gas-guzzlers are getting ripped off" discount card.

 

[Londo_Jowo]

I received my expense check this afternoon that covers my gas/toll costs and have enough to get the car serviced. I haven't paid for gas out of my pocket in over a month and will be this way for at least the next 2 months while I'm working at another company facility.

 

[dmcowen674]

But pipelines are a safe haven for water supplies and wildlife according to Republitards.

8-23-2014

http://finance.yahoo.com/photos/oil...take-months-to-clean-up-1408712547-slideshow/

Oil spill on Mexican river will take months to clean up


Workers try to clean up leaking oil at a stream in Cadereyta. David Korenfeld, head of Mexico's national water commission, told reporters in Mexico City that the spill extended across a 6 kilometer (4 mile) stretch of the Rio San Juan

 

[Londo_Jowo]

As usual you leave out important information.

The 24-inch Madero-Cadereyta pipeline, owned by national oil company Pemex, was ruptured when thieves attempted to tap into it. The pipeline feeds crude to Pemex's nearby Cadereyta refinery.

 

[Meghan54]

But pipelines are a safe haven for water supplies and wildlife according to Republitards.

8-23-2014

http://finance.yahoo.com/photos/oil...take-months-to-clean-up-1408712547-slideshow/

Oil spill on Mexican river will take months to clean up


Workers try to clean up leaking oil at a stream in Cadereyta. David Korenfeld, head of Mexico's national water commission, told reporters in Mexico City that the spill extended across a 6 kilometer (4 mile) stretch of the Rio San Juan

How about the rest of that sentence, you know, the part you left off....

Workers try to clean up leaking oil at a stream in Cadereyta. David Korenfeld, head of Mexico's national water commission, told reporters in Mexico City that the spill extended across a 6 kilometer (4 mile) stretch of the Rio San Juan, but had been contained by floating barriers.

There you go.....nice and complete.

Oh, and why didn't you bother to include the pertinent information about how the leak started? Again, let me help you---it was part of what you linked.

The 24-inch Madero-Cadereyta pipeline, owned by national oil company Pemex, was ruptured when thieves attempted to tap into it.

Yep, those damned oil companies and them not guarding every inch of their pipelines from thieves.

 

[dmcowen674]

but had been contained by floating barriers

and you believe that?

I've got a bridge for sale for you too.

 

[Zaap]

Yeah those evil oil companies should spend orders of magnitude more shipping/trucking oil everywhere rather than move it via pipelines, so retards like Dumb McOwned can whine about the added costs and then whine about how much pollution and increased oil spills result out of all that transporting.

Smarter than McOwned=

 

[Meghan54]

Yeah those evil oil companies should spend orders of magnitude more shipping/trucking oil everywhere rather than move it via pipelines, so retards like Dumb McOwned can whine about the added costs and then whine about how much pollution and increased oil spills result out of all that transporting.

Smarter than McOwned=

That really is a put down of rocks.


I was thinking more along the lines of:

 

[werepossum]

Saw it at $2.999 in Chattanooga yesterday. Woo hoo!

 

[dmcowen674]

8-27-2014

http://www.examiner.com/article/petr...uan-and-rouble

Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble



Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world.



In a new announcement from the Russian business media source, Kommersant, Gazprom has conducted the first sale of oil in a currency other than the dollar, and will henceforth open their purchase window to accept both Roubles and Yuan for the exchange of oil and gas products.

The days of the dollar remaining the global reserve currency took a sharp hit today, and the ramifications of Russia's new move for selling oil in both Roubles and Yuan are just beginning.

And since there is over $17 trillion in U.S. dollars afloat and in nations outside the U.S. kept on reserve for the primary purpose of buying oil and natural gas, as more and more countries migrate to the East and find it far more inexpensive and efficient to no longer use the dollar and SWIFT systems to supply their energy needs, then these dollars will soon come crashing back to American shores, and the inflation America has exported offshore for decades will come rudely back and suddenly hit U.S. consumers and our financial system.

 

[dmcowen674]

How convenient in time for Labor Day Holiday.

You know this is planned and they get away with it.

Gas jumped the usual 30 cents immediately.

8-28-2014

http://www.bloomberg.com/news/2014-...fter-bp-whiting-refinery-fire.html?cmpid=yhoo

Chicago Gasoline Jumps After BP Whiting Refinery Fire





An explosion at BP Plc (BP/)’s 405,000-barrel-a-day Whiting refinery, the largest plant in the Chicago area, almost doubled the premium for gasoline today on speculation that supplies will shrink.



BP had a fire at a 105,000-barrel-a-day hydrotreater late yesterday, and the extent of the damage wasn’t immediately clear, Sugar Land, Texas-based IIR Energy said today.



The Whiting refinery is the largest plant with a direct connection to Cushing, Oklahoma, the delivery point for West Texas Intermediate crude futures. It completed a $4.2 billion expansion last year, allowing it to process more heavy, high-sulfur crude from Canada. It imported 277,000 barrels of Canadian crude a day in May, making it one of the largest users of that country’s oil, according to the U.S. Energy Information Administration.



About 188,000 barrels a day of that Canadian crude was heavy and high in sulfur. The unit where the fire occurred removes sulfur from intermediate feedstocks before they’re further processed in a catalytic cracker to make fuel that meets emissions limits.


The shutdown will limit the refinery’s ability to run high-sulfur crude, David Elpers, a refinery specialist at IIR Energy, said by telephone today.

 

[Londo_Jowo]

Yet wholesale gas prices have not changed on this event. Gas prices in many places have been dropping. I guess the oil companies hate the elite rich that live in the upper midwest states.

 

[dmcowen674]

Now the Oil Thugs are claiming they are broke

8-29-2014

http://www.resilience.org/stories/2014-08-29/a-big-summer-story-you-missed-soaring-oil-debt

A Big Summer Story You Missed: Soaring Oil Debt



Over 100 of the world's largest energy companies are running out of cash.





Last July the government agency, which has collected mundane statistics on energy matters for decades, quietly revealed that 127 of the world's largest oil and gas companies are running out of cash.


They are now spending more than they are earning.



Profits have lagged as expenditures have risen. Overburdened by debt, these firms are selling assets.

Imagine a town of 100 people. Ten own the air, the oil of the modern economy, and they force everyone else to pay to breathe. The other 90 work hard and give the air owners about 10 per cent of their production.
Whenever the price of air goes up quickly (and the cost of extracting oil has increased substantially in the last decade -- about 12 per cent a year), then economic growth slows to a crawl.



The air owners have killed the growth potential of the workers.


Sooner or later the owners of the air realize they have to lower the price.



"As the air price goes down, the workers feel better.... This, in short, is the scenario of the global economic crisis, how it starts and how it develops," explains Gorshkov and Makarieva. "Curiously, none of the economic analysts relate the world crisis to the abnormally high oil prices that preceded it."


But diminished returns from extreme hydrocarbons will do more than slow down productivity and increase price volatility. They will impose lasting and material adjustments on all of us.


In addition to seeing fewer vehicles on the road (a startling U.S. reality already), we shall also see lower wages (except in the hydrocarbon industry), rising food prices, rising personal debt loads, increased demands on governments increasingly short of revenue, explosive inequalities in wealth and rising political conflict.

 

[Capt Caveman]

STFU McOwn'd

Low Gas Prices this Labor Day

If you still need another reason to take a Labor Day road trip, try this on for size: This year’s gas prices are at a three-year low.

According to the most recent AAA Southern New England Fuel Gauge Report, national gas prices are averaging $3.43 per gallon — the lowest price on record for Aug. 29 since 2010, when the national average was $2.70.

The price drop can be traced to a spike in US oil production, according to an interview with Patrick DeHaan in The Boston Globe:

A decade ago, total US oil output ran about 5.5 million barrels per day, but now it’s 8.3 million barrels per day, a more than 50 percent increase, said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, a gas price site for consumers.

Well, what are you waiting for? Hit the road, already!

 

[dmcowen674]

STFU McOwn'd

Low Gas Prices this Labor Day

Not here of course

http://www.indygasprices.com/

Northeast side of Indy $3.30's

Rest of Indy $3.59

I am of course on the Northwest side and all the stations are around $3.59

CC You know you like to suck mine

You can come over any time

 

[SandEagle]

saw a Speedway charging $2.99/gallon for 87 regular today.

go travel, sheeple. anything to keep your focus and attention away from what is going on overseas and how it will ultimately affect you in the end.

oh well....back to Breaking News..
Angelina Jolie and Brad Pitt Married!

 

[allisolm]

Not here of course

http://www.indygasprices.com/

Northeast side of Indy $3.30's

Rest of Indy $3.59

Even at $3.59, Indianapolis gas this Labor Day weekend is cheaper than it has been since 2010.

 

[Meghan54]

I can understand why Dave is so upset, given the location he lives in.

For some reason, 3 states--Ohio, Indiana, and Michigan--show the greatest variability in pump gas prices.

For instance, here's the last month in those states:

http://www.IndyGasPrices.com/retail...Indiana&city3=Michigan&crude=n&tme=1&units=us


Note the huge variations?


Now, here are Illinois, Wisconsin, and Pennsylvania, same time period:

http://www.IndyGasPrices.com/retail...sin&city3=Pennsylvania&crude=n&tme=1&units=us

Both Illinois and Wisconsin show the same variability but not as extreme. Pennsylvania, on the other hand, shows what the rest of the country has, smooth variation.


Here are CA, NY, and TX, same time period:

http://www.IndyGasPrices.com/retail...wYorkState&city3=Texas&crude=n&tme=1&units=us


OK, FL, IA:

http://www.IndyGasPrices.com/retail...aState&city3=IowaState&crude=n&tme=1&units=us


GA, SC, VA:

http://www.IndyGasPrices.com/retail...arolina&city3=Virginia&crude=n&tme=1&units=us


Here are CT, MA, and MO:

http://www.IndyGasPrices.com/retail...husetts&city3=Missouri&crude=n&tme=1&units=us



Appears Dave has chosen the worst section of the country to live in, at least from pump gas pricing. The rest of the country doesn't have to suffer with those spikes like Dave does.

But......this doesn't mean what Dave is facing in any way represents what the rest of the country sees---far from it.

Guess Dave shouldn't have left Georgia. Oh, wait....................

 

[Londo_Jowo]

Kentucky is also affected by the same swings as Indiana sees. Engineer has posted about this many times.

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

 

[dmcowen674]

I can understand why Dave is so upset, given the location he lives in.

For some reason, 3 states--Ohio, Indiana, and Michigan--show the greatest variability in pump gas prices.

For instance, here's the last month in those states:

http://www.IndyGasPrices.com/retail...Indiana&city3=Michigan&crude=n&tme=1&units=us


Note the huge variations?


Now, here are Illinois, Wisconsin, and Pennsylvania, same time period:

http://www.IndyGasPrices.com/retail...sin&city3=Pennsylvania&crude=n&tme=1&units=us

Both Illinois and Wisconsin show the same variability but not as extreme. Pennsylvania, on the other hand, shows what the rest of the country has, smooth variation.


Here are CA, NY, and TX, same time period:

http://www.IndyGasPrices.com/retail...wYorkState&city3=Texas&crude=n&tme=1&units=us


OK, FL, IA:

http://www.IndyGasPrices.com/retail...aState&city3=IowaState&crude=n&tme=1&units=us


GA, SC, VA:

http://www.IndyGasPrices.com/retail...arolina&city3=Virginia&crude=n&tme=1&units=us


Here are CT, MA, and MO:

http://www.IndyGasPrices.com/retail...husetts&city3=Missouri&crude=n&tme=1&units=us


Appears Dave has chosen the worst section of the country to live in, at least from pump gas pricing. The rest of the country doesn't have to suffer with those spikes like Dave does.

But......this doesn't mean what Dave is facing in any way represents what the rest of the country sees---far from it.

Guess Dave shouldn't have left Georgia. Oh, wait....................

Quoting entire shocking post.

 

[dmcowen674]

Even at $3.59, Indianapolis gas this Labor Day weekend is cheaper than it has been since 2010.

and your point is???

 

[Londo_Jowo]

Gas holding steady here, no change heading into the holiday weekend.

 

[Meghan54]

Kentucky is also affected by the same swings as Indiana sees. Engineer has posted about this many times.

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

Yeah, Michigan is also subject to some big swings, but that's about it. Illinois seems not so bad and everywhere east of the OH/MI/WI/IN/KY section of the country seems to be fairly "smooth" in their pump prices--no violent swings.

Don't know why those particular states seem so subject to the quick and dramatic spikes in price, but it's not reflected almost anywhere else.

So, I guess I can understand how someone living in that area would think everyone in the U.S. suffers the same, but the rest of us don't.

 

[Londo_Jowo]

Don't know why those particular states seem so subject to the quick and dramatic spikes in price, but it's not reflected almost anywhere else.

I found and posted an article a while back that seems to explain what's happening with gas prices in those states.

http://limaohio.com/news/news/1465464/Expert:-Gas-price-swings-predictable#.VAH9lP0XP1M

Fluctuating gas prices will be the rule this summer in the Midwest.

LIMA — It’s not Iraq, and it’s not the upcoming holiday. It’s not refinery shutdowns or rotten weather.

Even when wholesale prices remain stable, gas prices in the Midwest ratchet up and down like a pinball ricochet. Patrick DeHaan, an analyst for GasBuddy.com, said that’s because Midwestern gas stations are ultra-competitive. Unlike most of the country — where there are small fluctuations in price — Michigan, Indiana and Ohio prices tend to swing wildly.

“Take an area like West Michigan and compare it to any other city in the country where there’s not price cycling,” DeHaan said. “The other city would see prices holding steady. In West Michigan, prices would go far lower and go far higher.”

The price cycling pattern typically plays out like we’re seeing now.

As prices bottomed out at $3.44 on Thursday afternoon in Lima, stations were losing money, according to DeHaan. All it takes is for one of the leading stations to raise its prices and the others will follow suit. In late spring and early this summer, it wasn’t unusual to see gas prices jump by as much as 40 cents per gallon. A week ago, Lima area prices flirted with $4 a gallon. That’s been the ceiling, with stations beginning to undercut prices by a penny or two. That trend continues typically for a week or week and a half as each station tries to outdo others with a lower gas price.

The competition to churn prices downward continues until no profit margin remains, according to DeHaan — and then, a big jump.

“When they can’t undercut anymore, that’s when you see the price hikes, then the whole war begins all over again,” he explained. “Those little 2-cent declines add up to 40 cents over a week and a half. It’s a mini price war every time.”

 

[Meghan54]

I found and posted an article a while back that seems to explain what's happening with gas prices in those states.

http://limaohio.com/news/news/1465464/Expert:-Gas-price-swings-predictable#.VAH9lP0XP1M

Interesting article. So, I then wonder why we only hear about the .40 jumps and not the .40 declines?