Gas Prices

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Re: Gas Prices

Postby Anonymizer » Wed Apr 13, 2011 6:50 am

Will High Gas Prices Disrupt Economic Recovery?
I recently noticed some ridiculous prices at the T-Stop. Luckily things weren't quite so bad in Ridgecrest and so I gassed up there. Hopefully gas prices will stabilize and possibly even dip a bit.
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Re: Gas Prices

Postby Anonymizer » Wed Apr 13, 2011 6:33 pm

Gas prices will continue to rise with no end in sight, probably till the next election. Things are going to get rougher than any of you can imagine.
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Re: Gas Prices

Postby Anonymizer » Thu Apr 14, 2011 10:00 am

surfsteve wrote:Gas prices will continue to rise with no end in sight, probably till the next election. Things are going to get rougher than any of you can imagine.

My prediction is that gas prices will fluctuate until a few months before the presidential election in 2012. A few months before the election they will dip significantly. From now until around August of 2012 I predict a high of $4.50 per gallon for 87 octane and a low of about $3.75 per gallon here in California (statewide averages). After August 2012 gas prices will drop to $3.75 or lower until the election. Shortly after the election they will ease back up to about $4.00 per gallon. Eventually we will see $5.00 per gallon gas, but I don't think that will be until 2014. Having made this prediction I'll probably be proven wrong within a month, but I have a feeling that this whole thing is scripted and that the presidential election will be the key event in that script.
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Re: Gas Prices

Postby Anonymizer » Sat Apr 16, 2011 3:44 pm

cactuspete wrote:
surfsteve wrote:Gas prices will continue to rise with no end in sight, probably till the next election. Things are going to get rougher than any of you can imagine.

My prediction is that gas prices will fluctuate until a few months before the presidential election in 2012. A few months before the election they will dip significantly. From now until around August of 2012 I predict a high of $4.50 per gallon for 87 octane and a low of about $3.75 per gallon here in California (statewide averages). After August 2012 gas prices will drop to $3.75 or lower until the election. Shortly after the election they will ease back up to about $4.00 per gallon. Eventually we will see $5.00 per gallon gas, but I don't think that will be until 2014. Having made this prediction I'll probably be proven wrong within a month, but I have a feeling that this whole thing is scripted and that the presidential election will be the key event in that script.
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I hope you're right because some people are predicting five dollar gas by summer! I'll go broke at that price! :cry2:
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Re: Gas Prices

Postby Anonymizer » Sat Apr 16, 2011 6:39 pm

It's Going Up by About a Penny a Day

The average price in the L.A. area is 7.2 cents more than last week.

By Meredith Skrzypczak and Nancy Wride
Gas prices have been rising by about a penny a day throughout the past week, bringing the average price of self-serve regular to $4.196 per gallon in the Long Beach-L.A. region.

The survey by the Automobile Club of Southern California’s Weekend Gas Watch puts the average price for the Long Beach-Los Angeles region at 7.2 cents more than last week, 23 cents higher than last month, and $1.10 higher than last year.

In Orange County it averages out to slightly less, at $4.182. That's about the same as in San Diego, where it's $4.184. In the Inland Empire it's cheaper still -- if cheaper is the right word -- at $4.169. The Central Coast average is $4.224.

“At this time of year in 2008, Southern California gas prices were also going up by a penny a day. But on April 14, 2008, the average Los Angeles-Long Beach price was $3.77,” Auto Club spokesman Jeffrey Spring said. “Prices in 2008 spiked to all-time records in late June, but in most other years since 2000, Southern California gas prices have peaked sometime in May.”

According to MapQuest, the lowest price for gas in the U.S. is $3.28, in Wickliffe, Ky., and the highest is here in California—$5.04 in the desert town of Shoshone, near the Nevada border..
http://ranchopalosverdes.patch.com/arti ... ny-a-day-2
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Re: Gas Prices

Postby Anonymizer » Sat Apr 16, 2011 6:45 pm

I think gas will go up about a penny a day till the next election except for a few days a month which are the days the media is supposed to announce the price of gas is actually going down.
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Re: Gas Prices

Postby Anonymizer » Fri Apr 22, 2011 11:43 am

GREAT PLACE FOR INFO ON GAS PRICES: http://gasbuddy.com/
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Re: Gas Prices

Postby Anonymizer » Tue May 10, 2011 6:44 am

What I hear is that gas prices are likely to start dropping and that we can look forward to further drops in the future!
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Re: Gas Prices

Postby Anonymizer » Tue May 10, 2011 6:07 pm

cactuspete wrote:What I hear is that gas prices are likely to start dropping and that we can look forward to further drops in the future!

You might be right. This is what I found:
Analysts predict 50 cent drop in gas prices before summer
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Re: Gas Prices

Postby Anonymizer » Thu May 12, 2011 3:08 pm

Volatility in the oil market. Oil closed @ about $99 today. Hope it keeps dropping. and it's down $.20 since closing of the NYSE.
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Re: Gas Prices

Postby surfsteve » Mon Sep 26, 2011 7:22 am

For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas. And the relief is likely to spread thanks to a sharp decline in crude-oil prices.

The national average for regular unleaded gasoline is $3.51 per gallon, down from a high of $3.98 in early May. Last week's plunge in oil prices could push the average to $3.25 per gallon by November, analysts say.

Economist Philip Verleger equates it to "a stimulus program for consumers," leaving them more money for clothes, dinners out and movies. Over a year, a 50 cents-per-gallon drop in gasoline prices would add roughly $70 billion to the U.S. economy.

Arthur De Villar, a 48-year-old safety inspector for the Federal Aviation Administration, paid $2.96 for gasoline near his home in Manchester, Mo., a suburb of St. Louis -- and he recently replaced his SUV with a four-door sedan.

With three boys at home between the ages of 11 and 14, the money De Villar saves on gas still gets spent. But it goes to the amusement park, a Cardinals baseball game or the movie theater.

"It's far better to be able to put (the money) anywhere other than in the gas tank," he says.

Prices for oil, gasoline and other commodities dove last week along with world stock markets over concerns the global economy is headed for another recession. When economies slow, demand for gasoline, diesel and jet fuel falls as drivers cut back on trips, shippers move fewer goods and vacationers stay closer to home. Oil fell to $79.85 per barrel Friday, a drop of 9 percent for the week. Oil reached a three-year high of $113.93 on April 29.

Economists caution that gasoline savings, while welcome, won't matter much to people if the worst economic fears come to pass.

"Yes it produces some relief, your bill at the gas pump goes down, but it's going down because there are worries that people won't have jobs," says James Hamilton, an economics professor at the University of California, San Diego. "The news has not been good."

And gasoline prices remain historically high. Gasoline has averaged $3.56 this year, the highest yearly average ever. Americans have cut back driving in the face of high prices, but they are likely to spend more on gasoline in 2011 than ever before -- close to $490 billion, according to Tom Kloza, chief oil analyst at the Oil Price Information Service.

Kloza says the latest drop in prices will stick around through most of the fall. And while that may only add $20 a month to a typical commuter's wallet, drivers say it matters.

Pat Wolf, 60, a retired information technology professional from East Lansing, Mich. responded with a "Holy Mackerel!" when he got a text from his wife Friday morning that said a station nearby was selling gas for $2.98 per gallon.

Wolf said prices in the area were $3.49 earlier in the week and he had no hope that they'd fall below $3. "It's one other thing in the back of your mind if you are deciding whether to buy some gizmo or other," he says.

Aureleano Duran, a house painter in Dallas, gave the cashier at a RaceTrac gas station $55 to fill up his red Dodge pickup Friday night, but the tank began to overflow before he shut off the nozzle -- at $49.21. Duran plans to sock away roughly $30 a week in gas savings. "I'm trying not to spend a lot of it," he said. Then he excused himself: "I've got to go get my change."

Gasoline prices have always varied from state to state, but the gap now is especially big. Drivers along the coasts are paying significantly more than drivers in the middle of the country, analysts say. California drivers are paying the highest average price in the lower 48 states, at $3.89 per gallon on Sunday. Missouri drivers are paying the least, $3.21 per gallon, according to AAA, OPIS and Wright Express.

Differences in state taxes explain much of the gap. Another factor is that most of the oil used by refineries on the coasts comes from overseas, making it far more expensive than oil piped to refineries in the middle of the country from places such as North Dakota and Canada. The coastal refineries must compete with the growing economies of Asia for shipments of oil.

Patrick DeHaan, senior petroleum analyst at GasBuddy.com, says that while he expects the national average to fall to between $3.25 and $3.50 between now and Thanksgiving, some areas could hit $2.50. He says prices in Lansing, Mich., and St. Louis had fallen below $3 already. A price war between filling stations near Bridge City, Texas, pushed prices to $2.62 last week.
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Re: Gas Prices

Postby wildrose » Wed Feb 15, 2012 9:05 am

Gas headed to $4 a gallon by Memorial Day?
I'm sure it'll be more like $4.50 here in California! Not much of an article. They didn't exactly spend much time researching or analyzing the subject matter, but they do get straight to the point!
:bubble:
Gas prices are up about $0.40 over a year ago, and that’s a trend many analysts expect will continue as demand rises over the next few months.

LINK: http://www.leftlanenews.com/gas-headed-to-4-a-gallon-by-memorial-day.html
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