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PD Moderator	Message Posted: Jan 3, 2011 12:01:15 PM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Monday, I forecast the national average in the U.S. to rise to $3.06 per gallon, while Canada prices will average 111.2c/L." Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.056 per gallon while prices in Canada are coming in at 111.6c/L. I'll call that a very close prediction. Now that most of us are back to the daily activities following the holidays, I expect demand for oil products to fall slightly. We're entering the time of year that demand is typically weakest as many stay indoors as cold temps prevail over much of the country. I'm hopeful that we may see a small decrease in prices (not this week) by mid-to-late January. We've seen such... Visit GasBuddy Blog for full article

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Message Posted: Jan 3, 2011 12:01:15 PM

Ignore PD Report Abuse

Evaluating last week's prediction for this week, I said "By next Monday, I forecast the national average in the U.S. to rise to $3.06 per gallon, while Canada prices will average 111.2c/L." Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.056 per gallon while prices in Canada are coming in at 111.6c/L. I'll call that a very close prediction.

Now that most of us are back to the daily activities following the holidays, I expect demand for oil products to fall slightly. We're entering the time of year that demand is typically weakest as many stay indoors as cold temps prevail over much of the country. I'm hopeful that we may see a small decrease in prices (not this week) by mid-to-late January. We've seen such...

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Jan 5, 2011 10:50:29 PM Ignore honda0105 Report Abuse Tigerpaw: we don't even have enough to cover 25% of the daily oil thirst in this country.
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Jan 5, 2011 10:49:36 PM Ignore honda0105 Report Abuse remay; You're right about the media (Patrick DeHaan's aka GasBuddy's PD blog included).
remay Champion Author Houston Posts:6,963 Points:2,117,390 Joined:May 2006	Message Posted: Jan 4, 2011 8:49:07 AM Ignore remay Report Abuse I'm afraid the (gas price) beast is too powerful to stop now. Plus, the media is shoving higher prices down our throats.
Ghosty1 Champion Author Quebec Posts:1,544 Points:383,000 Joined:Jan 2011	Message Posted: Jan 4, 2011 7:18:57 AM Ignore Ghosty1 Report Abuse Once again, so true TIGERPAW46
rbrowdersr Champion Author Detroit Posts:5,723 Points:1,819,775 Joined:Aug 2006	Message Posted: Jan 4, 2011 6:52:09 AM Ignore rbrowdersr Report Abuse These predictions aren't worth printing. Speculators dictate the prices.
harleydoctor Champion Author Kansas Posts:7,345 Points:1,928,585 Joined:Sep 2005	Message Posted: Jan 4, 2011 5:36:28 AM Ignore harleydoctor Report Abuse TIGERPAW46- I only wish Obama would read your article too. (not that it would make any difference).........Good job
ILVET Champion Author Illinois Posts:14,794 Points:2,925,615 Joined:Jan 2005	Message Posted: Jan 4, 2011 5:23:13 AM Ignore ILVET Report Abuse You can get by but you wont get away
Bill100 Champion Author Grand Rapids Posts:41,490 Points:1,162,845 Joined:Jan 2010	Message Posted: Jan 4, 2011 5:16:45 AM Ignore Bill100 Report Abuse Good to know we should have less demand, at least temporarily.
BaronVonSagyPus Champion Author New York Posts:1,344 Points:272,985 Joined:Nov 2010	Message Posted: Jan 4, 2011 5:16:10 AM Ignore BaronVonSagyPus Report Abuse Good thing this isn't Monday.
BigDogOH Champion Author Cincinnati Posts:8,503 Points:1,807,820 Joined:Mar 2008	Message Posted: Jan 4, 2011 5:13:00 AM Ignore BigDogOH Report Abuse Open oil fields in Alaska and Dakota. Lift moratorium in Gulf.
slgas Champion Author Houston Posts:6,030 Points:1,562,540 Joined:Oct 2008	Message Posted: Jan 4, 2011 5:12:20 AM Ignore slgas Report Abuse If drilling and other recovery methods are so easy and profitable, how come more businesses aren't scrambling to do it? It's not all about government restrictions.
fratt Champion Author Grand Rapids Posts:9,825 Points:2,644,930 Joined:Jul 2005	Message Posted: Jan 4, 2011 5:07:31 AM Ignore fratt Report Abuse TIGERPAW46 hit the nail on the head!
wegman Champion Author Twin Cities Posts:7,808 Points:2,088,570 Joined:Jun 2001	Message Posted: Jan 4, 2011 5:04:50 AM Ignore wegman Report Abuse Big problem with regulating the market is most of the export oil is high sulfur stuff we can NOT use without lots of expensive processing. And what do we think would happen if we didn't export, the people we export to would buy somewhere else. ARGGGHHHHHHH!!!!!!!!!!!
gabbygusIN Champion Author Indiana Posts:7,236 Points:1,559,875 Joined:Oct 2008	Message Posted: Jan 4, 2011 4:54:08 AM Ignore gabbygusIN Report Abuse TIGERPAW46 sums it up very well!!
vulcan96 Champion Author Ohio Posts:26,916 Points:3,103,675 Joined:Aug 2004	Message Posted: Jan 4, 2011 4:47:12 AM Ignore vulcan96 Report Abuse i think tigerpaw46 said it all.........right on .
Pozole Champion Author Portland Posts:9,597 Points:1,594,520 Joined:Mar 2005	Message Posted: Jan 4, 2011 4:32:38 AM Ignore Pozole Report Abuse ...any small decrease you may predict will not make up for the second flood coming this summer which will break the fiancial backs of this nation AGAIN...
NotmeuQc Champion Author Montreal Posts:5,651 Points:1,133,925 Joined:Apr 2009	Message Posted: Jan 4, 2011 4:07:23 AM Ignore NotmeuQc Report Abuse Good prediction, could you predict lower, maybe it will happen.
Jamer Champion Author Las Vegas Posts:8,759 Points:1,636,260 Joined:Jul 2002	Message Posted: Jan 4, 2011 4:05:37 AM Ignore Jamer Report Abuse It sure doesn't look good for the consumer.
twobroke61 Champion Author Michigan Posts:8,380 Points:1,589,260 Joined:Sep 2008	Message Posted: Jan 4, 2011 4:00:13 AM Ignore twobroke61 Report Abuse hope they fall and fall hard
TIGERPAW46 Champion Author Florida Posts:7,126 Points:1,355,680 Joined:Mar 2004	Message Posted: Jan 4, 2011 4:00:08 AM Ignore TIGERPAW46 Report Abuse Drill more shale oil on shore & keep sales within the USA. STOP SPECULATORS FROM BUYING FUTURES. THIS CAN BE DONE WITHIN THE USA. No american oil should be allowed to be sold overseas until we are not importing any oil from OPEC. ANY AMERICAN OIL EXPORTED SHOULD IMPOSE AN EXPORT TAX. ONLY EXCEPTION SHOULD BE RECIPROCAL WITH CANADA OUR LARGEST SUPPLIER. Since they are shipping massive amounts to us I doubt they need any of ours anyway; at least at present. This would not only release the USA from any OPEC control but improve our economy and lower the cost of fuel, again stimulating our economy. Also repeal any carbon tax; Cap & Trade. Answer to many problems but too simple for our Bureaucrats to comprehend or implement. Then if they want to stimulate Green energy development or balance the budget they can use some of the oil export tax.
luvmyburgi Champion Author Ohio Posts:5,825 Points:959,245 Joined:Sep 2005	Message Posted: Jan 4, 2011 3:59:30 AM Ignore luvmyburgi Report Abuse With the holidays over, maybe OPEC will give us a late christmas present and lower the price of a barrel of oil.
georgeo Champion Author California Posts:4,172 Points:179,115 Joined:May 2009	Message Posted: Jan 4, 2011 3:55:00 AM Ignore georgeo Report Abuse When snow is on the ground, people drive less whether it is holiday season or not. This should be taken into account when they try to radio the oil usage numbers.
SteveMartin Champion Author New Orleans Posts:4,428 Points:885,415 Joined:May 2008	Message Posted: Jan 4, 2011 3:54:21 AM Ignore SteveMartin Report Abuse Let the prices start falling.
Hunter724 Champion Author New Hampshire Posts:8,121 Points:1,646,075 Joined:Sep 2008	Message Posted: Jan 4, 2011 3:50:06 AM Ignore Hunter724 Report Abuse Don't want to read about prices going up....
computernut2008 Champion Author Ohio Posts:6,573 Points:1,350,365 Joined:Oct 2008	Message Posted: Jan 4, 2011 3:49:15 AM Ignore computernut2008 Report Abuse Weekly gasoline outlook.....Grim.
gass12 Champion Author Omaha Posts:8,389 Points:2,303,715 Joined:Oct 2005	Message Posted: Jan 4, 2011 3:47:23 AM Ignore gass12 Report Abuse Our prices droped 4 cents last week.
1fulltank Champion Author Buffalo Posts:7,903 Points:1,544,310 Joined:Nov 2008	Message Posted: Jan 4, 2011 3:40:54 AM Ignore 1fulltank Report Abuse Not even going to read this article.
racerdj Champion Author Indianapolis Posts:9,815 Points:2,056,575 Joined:Jun 2003	Message Posted: Jan 4, 2011 3:32:34 AM Ignore racerdj Report Abuse I can predict it...UP.
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Jan 4, 2011 3:19:42 AM Ignore AuburnTim Report Abuse UP
DellDude2 Champion Author Nashville Posts:9,408 Points:2,122,510 Joined:Aug 2005	Message Posted: Jan 4, 2011 3:15:16 AM Ignore DellDude2 Report Abuse Our prices have cooled off to $2.79. That $3.06 looks like less fun.
senob All-Star Author San Francisco Posts:884 Points:247,230 Joined:Nov 2008	Message Posted: Jan 4, 2011 3:14:19 AM Ignore senob Report Abuse k
MDTDriver Champion Author California Posts:9,724 Points:2,155,395 Joined:Jul 2006	Message Posted: Jan 4, 2011 3:13:44 AM Ignore MDTDriver Report Abuse Right just wait and see, but wait there will be another problem driving up pirces.
findcheap Champion Author Los Angeles Posts:9,597 Points:2,009,875 Joined:Apr 2007	Message Posted: Jan 4, 2011 3:09:23 AM Ignore findcheap Report Abuse pennies one way or another
rippertoo Champion Author Tacoma Posts:5,755 Points:1,141,835 Joined:Jan 2010	Message Posted: Jan 4, 2011 3:08:59 AM Ignore rippertoo Report Abuse Whatever.
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: Jan 4, 2011 3:08:07 AM Ignore dacofa Report Abuse Greed at it's finest.
NotTom Champion Author New Hampshire Posts:5,351 Points:1,385,815 Joined:Aug 2005	Message Posted: Jan 4, 2011 3:07:15 AM Ignore NotTom Report Abuse with world oil production peaking the price of oil can only go up
kcboy Champion Author Utah Posts:3,968 Points:1,507,800 Joined:Jun 2005	Message Posted: Jan 4, 2011 3:02:09 AM Ignore kcboy Report Abuse The demand for oil can fall all it wants.
Retowered Champion Author Colorado Posts:8,577 Points:2,685,415 Joined:May 2004	Message Posted: Jan 4, 2011 2:57:16 AM Ignore Retowered Report Abuse We are 3.03 a gal. here.
REDFINGER Champion Author Montreal Posts:1,380 Points:282,750 Joined:Dec 2010	Message Posted: Jan 4, 2011 2:51:36 AM Ignore REDFINGER Report Abuse Interesting.
speedys Champion Author Utah Posts:7,015 Points:2,558,845 Joined:Nov 2005	Message Posted: Jan 4, 2011 2:46:10 AM Ignore speedys Report Abuse One of our stations (Wal Mart) dropped tp $2.55 today.
pinkelefant Champion Author Sacramento Posts:19,586 Points:2,660,605 Joined:Aug 2003	Message Posted: Jan 4, 2011 2:44:35 AM Ignore pinkelefant Report Abuse thx for posting
Matt G Champion Author Boston Posts:4,533 Points:2,773,040 Joined:Jun 2004	Message Posted: Jan 4, 2011 2:37:54 AM Ignore Matt G Report Abuse Hope so
BigEdPA Sophomore Author Pennsylvania Posts:208 Points:590,995 Joined:Apr 2010	Message Posted: Jan 4, 2011 2:25:51 AM Ignore BigEdPA Report Abuse We need to designate a day of each week, such as Tuesday, that everyone stays at home, if possible, and no one buys gas that day of the week. Inventory would start to rise pretty fast.
wwardyota Champion Author Honolulu Posts:1,451 Points:795,210 Joined:May 2008	Message Posted: Jan 4, 2011 2:23:50 AM Ignore wwardyota Report Abuse we can hope but that would be a very short-term "solution"...
BoxtheGnat Veteran Author St. Louis Posts:338 Points:240,615 Joined:Feb 2009	Message Posted: Jan 4, 2011 2:17:48 AM Ignore BoxtheGnat Report Abuse Screw OPEC. Drill here & drill now. We have the oil & natural gas supplies to be independent of OPEC. Have OBAMA pull his head out of his anal orifice and start drilling here and add refineries.
nurdco Champion Author Colorado Springs Posts:9,231 Points:1,694,410 Joined:Apr 2008	Message Posted: Jan 4, 2011 2:13:44 AM Ignore nurdco Report Abuse Your estimates aret LOW... I had estimated summer 2010 for $3 fuel BP crisis delayed it by 4 months
HawaiianGuy Champion Author Idaho Posts:9,528 Points:3,079,700 Joined:May 2003	Message Posted: Jan 4, 2011 2:11:44 AM Ignore HawaiianGuy Report Abuse Don't hold your breath waiting for Big Oil to give us a break at the pump. That's totally unrealistic.
NavyEOD Champion Author Los Angeles Posts:10,006 Points:2,021,150 Joined:Jul 2007	Message Posted: Jan 4, 2011 2:06:19 AM Ignore NavyEOD Report Abuse Why do you give us this everyweek? Torture.
SBlouch Champion Author San Antonio Posts:8,730 Points:1,859,265 Joined:Apr 2007	Message Posted: Jan 4, 2011 2:00:43 AM Ignore SBlouch Report Abuse Don't you just love these weekly outlooks which tells us gas prices at the pump are increasing. We know this as we are seeing and feeling it in our pocket books since we are paying more and getting less gas.
cutter1330 Champion Author Oklahoma Posts:8,035 Points:1,694,115 Joined:Jul 2005	Message Posted: Jan 4, 2011 1:55:19 AM Ignore cutter1330 Report Abuse With less gas sold could that mean more of an increase? OPEC's got to make up for lost sales.