what's your prediction on the future of gas prices?

[brainhulk]

In the immediate future and long term? Will $5/gallon be the norm? Maybe higher? Or will we go down into the $2-$3/gallon range once speculators take a chill pill

 

[EagleKeeper]

What you have in SoCal and NYC/New England does not align with the rest of the country.

Speculators need to take a chill pill; problem is who will stuff it in their mouth?

 

[bruceb]

It is $3.599 here in NJ (at most stations) and it will continue to go up as long as oil speculators are allowed (thanks to Obama) and his very Left Wing attitude. You know he is "in" with the oil companies, letting them do what they want. You can also be sure, he is making money off the oil spec prices (but I don't think it can be proved yet) We need him out in November and we also need stability in the Middle East, as well as getting some form of alternative fuels on line (not electric cars, as they are not yet good enough and you need ways to recharge them). Best current options to replace or supplement oil, is Natural Gas (which is already starting in big rigs) and at UPS and other delivery trucks. A company called Clean Energy Fuels (Symbol: CLNE) is building nat gas refueling areas, along major truck roads already. And Westport (Symbol: WPRT) has the technology to convert existing engines to run on natural gas.

 

[MovingTarget]

Paging Dave....please report to the Garage. Your crystal ball is needed....

Honestly, I think that we will see $4/gal by this summer. $5/gal is a bit of a stretch, but the writing is on the wall sooner or later. Until we reign in speculation on oil, expect this trend to get worse.

 

[BrunoPuntzJones]

$6/gal nationwide by the 3rd quarter of 2014.

 

[woodie1]

I figure $4/gallon this year easy. Probably higher in some places. The $5/gallon mark is harder to see as that will cause a lot of pain for a lot of people.

 

[hdfxst]

This happens every presidential election year,prices go up in the spring and in august they'll drop.I'll say 3.00-3.25 by september

 

[JulesMaximus]

It's almost $5/gallon here now. I'm planning on riding the motorcycle more this summer and carpooling with an attractive woman who lives near me.

 

[unokitty]

Gas price prediction: Prices will go up and down.

I survived 1979 energy crisis (and Jimmy Carter).

And can't help but notice that after 1980, gas prices went on a 20 year decline.

Uno

 

[BurnItDwn]

Gas is already over $4.25 in much of the Chicago area.
I'm 40 miles out in the boonies and it was $4 out by me.

I don't think the prices will stop climbing until summer ... so we may see $5 ... hopefully not, but it might happen...

 

[jlee]

Even E85 is skyrocketing...$3.30 to $3.45 in a couple weeks.

 

[JulesMaximus]

Toyota Prius here I come! To hell with oil/gas prices.

Wish I could still ride my bicycle to work.

 

[JackBurton]

How about we get these idle refineries online and quit shipping refined oil overseas. That would be a great start.

My prediction? Skies the limit. Oil companies are obviously doing whatever they'd like.

 

[The-Noid]

How about we get these idle refineries online and quit shipping refined oil overseas. That would be a great start.

My prediction? Skies the limit. Oil companies are obviously doing whatever they'd like.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MOCGGUS2&f=M

http://205.254.135.7/oog/info/twip/twip_gasoline.html

Oil is a marginal product it only matters how much is coming, not how much we have...

There is plenty of stock and plenty of online capacity.

 

[T2urtle]

i filled up last week @4.35 prem. in the burbs of chicago (which is slightly cheaper)

I think the $5.15 mark is where its going to stand here in chicago. We should break the $5 but by a little and then it will stay around $4.50 the rest of the year. That means $4.20 around the states other then IL with its STUPID taxes.

 

[Dr. Detroit]

$4.35/G for regular across the Bay Area now.

$50 and change to fill the Focus
$65 and change to fill the Monte Carlo
$68 to fill the Saab 'vert with premium


Prices are really starting to impact discretionary income at this point - wages have been stagnant for a decade while inflation has been severe on food, gas & health care.

Entertainment is the first to be cut.

I think we will hover in the $4.50 range for most of the summer here.

 

[HardcoreRobot]

it will continue to rise in price, with plenty of intermediate declines, until we don't need it anymore

 

[Doppel]

Will hit a record national average this summer, but if it hits $4.50 it will only be for a very short while indeed. We won't hit national $5 until at least summer 2013, if not 2014. I give good odds we see it by end of 2014 but won't be so surprised if it doesn't happen. The truth is that although oil is continuing to get pressed upward over the last decade if it gets high enough we'll have another bad recession and it will suffocate oil prices and we'll see a big dip, just like last time, just like the time before it and before that.

 

[Fenixgoon]

up down up down up down up down.

prices will rise, and then fall because they are unsustainable, and then they'll rise again, and fall again, and so on.

i think it will be a while before, at least in the U.S., we see a permanent rise in gas prices (i.e. >$5 gallon).

personally, it seems like somewhere between $3-4/gallon is a stable sweet spot, where it's expensive enough to encourage people to be more efficient without hugely damaging every sector of the economy (because everything gets transported one way or another)

 

[Eli]

$5 national average by 2015.

/bookmarked to see if I'm right lol

 

[desy]

bumpy plateau of peak oil
prices climb , craters the economy, prices fall, economy strengthens driving price up again . . . craters the economy, prices fall. . .

 

[JulesMaximus]

Rode the Ducati to work today.

0-60 in 3 seconds and 40mpg.

 

[Uppsala9496]

Gas prices have finally made an impact in my car buying decision. Last night I sold my 328xi that was getting 21.9mpg and required premium fuel for a new Focus that should get me about 30mpg and takes regular fuel. My daily commute is 60 miles round trip so the mpg increase and gas price difference should be noticeable.
I'm in the same county as Chicago (NW burbs) and noticed gas prices at $4.69 for regular on my way to the dealership last night.

 

[Via]

There will be one more big drop (less than $2.50) in the next 3 years as a final attempt to stifle the advance of alternative energy.

 

[Doppel]

There will be one more big drop (less than $2.50) in the next 3 years as a final attempt to stifle the advance of alternative energy.

That may happen but not because it's a conspiracy but because high energy prices precede recessions.