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PD Moderator	Message Posted: Dec 20, 2010 1:21:27 PM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Monday, I expect the national average in the U.S. to rise to $2.99 while prices in Canada will rise to 110.3c/L." Taking a look this morning, the average is $2.973 for the U.S. and 109.1c/L in Canada. We'll call that a "close" prediction. Looking at things, prices again haven't moved a whole lot in the last week. To start off this week, we're seeing big gas price increases in Michigan, Ohio, Indiana, and South Dakota. In Ohio and Indiana, prices are rising above $3/gallon for the first time since October 2008, just in time for motorists who are preparing to hit the road for holiday travel. Wholesale prices this morning have really strengthened and are up... Visit GasBuddy Blog for full article

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Message Posted: Dec 20, 2010 1:21:27 PM

Ignore PD Report Abuse

Evaluating last week's prediction for this week, I said "By next Monday, I expect the national average in the U.S. to rise to $2.99 while prices in Canada will rise to 110.3c/L." Taking a look this morning, the average is $2.973 for the U.S. and 109.1c/L in Canada. We'll call that a "close" prediction. Looking at things, prices again haven't moved a whole lot in the last week.

To start off this week, we're seeing big gas price increases in Michigan, Ohio, Indiana, and South Dakota. In Ohio and Indiana, prices are rising above $3/gallon for the first time since October 2008, just in time for motorists who are preparing to hit the road for holiday travel.

Wholesale prices this morning have really strengthened and are up...

Visit GasBuddy Blog for full article

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NawrockiFund Rookie Author Oklahoma Posts:1 Points:220 Joined:Oct 2008	Message Posted: Dec 22, 2010 3:12:17 PM Ignore NawrockiFund Report Abuse Do not fret my friends. This current run up is driven by pack mentality among trades on a buying spree for investors. They will succeed in seeing the $100 per barrel price tag on the board but then the economic slowing it will cause added to the slowing that has started already will assure oil retreats into the $70 range and by the end of January Gas will be back to an average in the high $2.70 range.
skybiker Champion Author South Carolina Posts:7,287 Points:1,558,440 Joined:Jul 2008	Message Posted: Dec 21, 2010 9:41:52 PM Ignore skybiker Report Abuse Prices up 4 cents today in SC....
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Dec 21, 2010 8:57:55 PM Ignore POLELANE Report Abuse happy holidays; thanks for your efforts to help us
Pete12 Champion Author Albany Posts:4,871 Points:1,643,240 Joined:Nov 2005	Message Posted: Dec 21, 2010 8:55:25 PM Ignore Pete12 Report Abuse This whole thing with the price of gas makes no sense!
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Dec 21, 2010 8:59:54 AM Ignore honda0105 Report Abuse after a day or two of slow drop it's back on the rise here... Hmmmm.. are the holidays approaching fast?!
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Dec 21, 2010 8:59:08 AM Ignore honda0105 Report Abuse Martinman: PD's blogs are never articles. They are just that... blog. Anyone w/out any credentials can publish a blog. An article at least goes though minimal revisions by others in the field (that may be a news editor or a journal peer review).
Martinman Champion Author Mississippi Posts:14,729 Points:2,091,880 Joined:Sep 2005	Message Posted: Dec 21, 2010 8:31:44 AM Ignore Martinman Report Abuse Yet another SPECULATOR article.
TommyTraveler Champion Author Cincinnati Posts:8,674 Points:1,697,330 Joined:Nov 2007	Message Posted: Dec 21, 2010 6:35:16 AM Ignore TommyTraveler Report Abuse The Gnomes of greed are at work this week. Gas is 3.05 today here in Cincy.
dar 1 Champion Author Michigan Posts:5,887 Points:445,870 Joined:Jan 2005	Message Posted: Dec 21, 2010 6:29:41 AM Ignore dar 1 Report Abuse Holiday gas prices up, I am an expert too.
JCUBE Champion Author Michigan Posts:8,559 Points:1,913,270 Joined:Aug 2003	Message Posted: Dec 21, 2010 6:28:49 AM Ignore JCUBE Report Abuse Dorc the Orc and the Greedway greed masters just everyone an early Christmas present..almost a .24/gal rise......The big oil Republipukes have seen to it the prices have skyrocketed since they took office...those bums are going to ruin this country even worse than it is now. Them and their cronies across the aisle have set themselves up good for the next two years. [Edited by: JCUBE at 12/21/2010 6:29:19 AM EST]
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Dec 21, 2010 6:27:05 AM Ignore TerryLee Report Abuse Sucks
Ringmaster2008 Champion Author Ontario Posts:7,568 Points:1,162,485 Joined:Apr 2008	Message Posted: Dec 21, 2010 6:25:19 AM Ignore Ringmaster2008 Report Abuse Raising prices for the holiday travel season is just doing business for the oil companies. Greed at its finest.
rjd1608 Champion Author Toledo Posts:5,356 Points:1,929,030 Joined:Aug 2003	Message Posted: Dec 21, 2010 6:18:07 AM Ignore rjd1608 Report Abuse quit making predictions and maybe they will fall
Redink Champion Author Indianapolis Posts:7,190 Points:1,299,020 Joined:Aug 2005	Message Posted: Dec 21, 2010 6:10:39 AM Ignore Redink Report Abuse Expect very high profits for the fourth quarter for oil companies.
DrivingFool2 Champion Author Appleton Posts:8,582 Points:1,604,140 Joined:Apr 2005	Message Posted: Dec 21, 2010 6:09:46 AM Ignore DrivingFool2 Report Abuse Hybrid and EV manufacturers are licking their chops
neptune2008 Champion Author Michigan Posts:8,568 Points:1,668,750 Joined:Aug 2008	Message Posted: Dec 21, 2010 6:09:04 AM Ignore neptune2008 Report Abuse just predict that we the people get screwed
jadeusa Champion Author Dallas Posts:9,325 Points:1,823,040 Joined:Sep 2005	Message Posted: Dec 21, 2010 6:07:16 AM Ignore jadeusa Report Abuse Get ready for the horses and buggies (& bikes) to emerge. New business opportunities - fixing bike tire flats, etc.
jadeusa Champion Author Dallas Posts:9,325 Points:1,823,040 Joined:Sep 2005	Message Posted: Dec 21, 2010 6:07:08 AM Ignore jadeusa Report Abuse Get ready for the horses and buggies (& bikes) to emerge. New business opportunities - fixing bike tire flats, etc.
BBopp Champion Author Dayton Posts:6,829 Points:1,936,505 Joined:Dec 2006	Message Posted: Dec 21, 2010 6:07:07 AM Ignore BBopp Report Abuse For the most part in this area gas is going for $3.05/gallon. That's a huge jump from yesterday's prices. This gouging needs to stop.
NJColt Champion Author New Jersey Posts:12,630 Points:2,641,035 Joined:Aug 2005	Message Posted: Dec 21, 2010 6:06:09 AM Ignore NJColt Report Abuse Yup, keep it up... destroy America. Lets dig us into a deeper trench.
vulcan96 Champion Author Ohio Posts:26,896 Points:3,102,700 Joined:Aug 2004	Message Posted: Dec 21, 2010 6:05:38 AM Ignore vulcan96 Report Abuse i am going to stay home and relax - may even change my mind about electric cars and buy one next year
RocketGeek Champion Author Grand Rapids Posts:10,585 Points:2,106,595 Joined:May 2005	Message Posted: Dec 21, 2010 6:05:11 AM Ignore RocketGeek Report Abuse So Patrick, how about an article that directs the public on how to let those in the chain of price-setting we won't stand for it?
LeeFree Champion Author Pittsburgh Posts:9,146 Points:2,242,475 Joined:Jun 2005	Message Posted: Dec 21, 2010 6:03:25 AM Ignore LeeFree Report Abuse It's so sad that I brought two 5 gallon jugs with me when I made a business trip to Ohio last week so I could fill them and the car with $2.89/gal gas instead of spending $3.07/gal at home. The savings isn't really that much but somehow I felt like I was getting a bargain.
pitamon Champion Author Philadelphia Posts:4,899 Points:1,825,385 Joined:Sep 2004	Message Posted: Dec 21, 2010 6:02:43 AM Ignore pitamon Report Abuse When will we see sub $3 gas? Is it a thing of the past? I hope not.
Petrock Champion Author Lexington Posts:9,118 Points:2,556,785 Joined:Apr 2005	Message Posted: Dec 21, 2010 5:55:57 AM Ignore Petrock Report Abuse Prices are "strengthening" and gaining "traction" at our expense, just for the holidays. But then again, I don't see them dropping back later - at lease not until the economy takes another dive. I guess this trend may help the new electric cars sell well.
Bill100 Champion Author Grand Rapids Posts:41,473 Points:1,160,895 Joined:Jan 2010	Message Posted: Dec 21, 2010 5:55:19 AM Ignore Bill100 Report Abuse I figured you'd be right, PD. I just did not want you to be right this soon.
Crumbfel Champion Author Virginia Posts:11,554 Points:2,160,585 Joined:Aug 2006	Message Posted: Dec 21, 2010 5:52:04 AM Ignore Crumbfel Report Abuse an early gift to the oil barons and the seculators
INDY51 Champion Author North Carolina Posts:4,910 Points:961,480 Joined:Jun 2009	Message Posted: Dec 21, 2010 5:51:43 AM Ignore INDY51 Report Abuse IT'S ALL SHAFT THE HOLIDAY TRAVELERS PLAIN AND SIMPLE.
tc316 Champion Author Twin Cities Posts:10,781 Points:1,726,655 Joined:Apr 2007	Message Posted: Dec 21, 2010 5:47:09 AM Ignore tc316 Report Abuse Ho Ho Ho
harleydoctor Champion Author Kansas Posts:7,340 Points:1,927,610 Joined:Sep 2005	Message Posted: Dec 21, 2010 5:45:34 AM Ignore harleydoctor Report Abuse Just go ahead and say it we're F''''''d..........
AvantiMick Champion Author Indiana Posts:12,737 Points:2,541,570 Joined:Dec 2005	Message Posted: Dec 21, 2010 5:42:37 AM Ignore AvantiMick Report Abuse You're too late!
hybridaholic Champion Author Appleton Posts:8,360 Points:1,554,840 Joined:Dec 2008	Message Posted: Dec 21, 2010 5:40:09 AM Ignore hybridaholic Report Abuse When is congress going to get a backbone and do something about speculation in the energy field.
PADI Champion Author Ontario Posts:5,144 Points:1,261,870 Joined:Nov 2008	Message Posted: Dec 21, 2010 5:37:28 AM Ignore PADI Report Abuse We are paying almost $5.00 a gallon here in Canada, or $1.13.0 a litre.
twobroke61 Champion Author Michigan Posts:8,375 Points:1,587,985 Joined:Sep 2008	Message Posted: Dec 21, 2010 5:35:09 AM Ignore twobroke61 Report Abuse we have been above 3.00 a gallon for a month now here in northern MI so they were way off on this one
Cachase1 Champion Author Oklahoma City Posts:11,445 Points:2,379,130 Joined:Aug 2003	Message Posted: Dec 21, 2010 5:30:19 AM Ignore Cachase1 Report Abuse Our prices had stopped rising until last night, when some stations had a 13¢ increase.
epf Champion Author Grand Rapids Posts:6,329 Points:1,889,630 Joined:May 2004	Message Posted: Dec 21, 2010 5:29:53 AM Ignore epf Report Abuse Unfortunately PD was correct again, another jump here in West MI.
Tru2psu2 Champion Author Winston-Salem Posts:14,470 Points:1,554,655 Joined:Feb 2004	Message Posted: Dec 21, 2010 5:28:55 AM Ignore Tru2psu2 Report Abuse Christmas bummer...
Metro Man Champion Author Flint Posts:2,728 Points:1,199,740 Joined:Sep 2003	Message Posted: Dec 21, 2010 5:24:49 AM Ignore Metro Man Report Abuse Wow, they were almost able to predict the future.
skippypa Champion Author Hawaii Posts:8,466 Points:1,738,980 Joined:Jun 2008	Message Posted: Dec 21, 2010 5:21:31 AM Ignore skippypa Report Abuse Consumers should still conserve, conserve, conserve.
vamike Champion Author Virginia Posts:5,315 Points:1,363,000 Joined:Dec 2008	Message Posted: Dec 21, 2010 5:15:06 AM Ignore vamike Report Abuse Every week the outlook should say "prices will go where the speculators want them to go."
fratt Champion Author Grand Rapids Posts:9,820 Points:2,643,955 Joined:Jul 2005	Message Posted: Dec 21, 2010 5:07:22 AM Ignore fratt Report Abuse Get rid of ALL speculators.
stpetebp Champion Author Tampa Posts:6,216 Points:1,731,605 Joined:Nov 2007	Message Posted: Dec 21, 2010 5:03:47 AM Ignore stpetebp Report Abuse Predictions are worthless in this market.
ThatHunt Champion Author Dallas Posts:4,498 Points:1,953,910 Joined:Jul 2006	Message Posted: Dec 21, 2010 5:03:36 AM Ignore ThatHunt Report Abuse the higher they go, the less we use.
JohnofGB Champion Author Flint Posts:5,416 Points:1,095,220 Joined:Feb 2010	Message Posted: Dec 21, 2010 5:02:21 AM Ignore JohnofGB Report Abuse Funny that our state , Michigan, seems to be above your quoted national average, constantly.
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Dec 21, 2010 4:41:00 AM Ignore Tundralimited2009 Report Abuse status quo
ED6 Champion Author Riverside Posts:9,479 Points:1,850,155 Joined:Jul 2007	Message Posted: Dec 21, 2010 4:35:05 AM Ignore ED6 Report Abuse My prediction; Up and Down.
SteveMartin Champion Author New Orleans Posts:4,423 Points:883,690 Joined:May 2008	Message Posted: Dec 21, 2010 4:34:22 AM Ignore SteveMartin Report Abuse Is it possible that the prices go up on high travel holidays?
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Dec 21, 2010 4:32:48 AM Ignore Lukus Report Abuse They are gouging the motorist as much as they can.
Z06KY Champion Author Louisville Posts:5,140 Points:904,740 Joined:Nov 2010	Message Posted: Dec 21, 2010 4:28:55 AM Ignore Z06KY Report Abuse I don't travel on holidays.
granitestater Champion Author New Hampshire Posts:8,817 Points:1,429,775 Joined:Oct 2008	Message Posted: Dec 21, 2010 4:25:49 AM Ignore granitestater Report Abuse Don't travel. Mail your Christmas cards!