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PD Moderator	Message Posted: Jul 18, 2011 10:26:18 AM Ignore PD Report Abuse Another week, another gasoline price forecast. Last week, I forecasted that gasoline prices in the U.S. would rise to an average of $3.70 by today. Currently, the average stands at $3.67, so thankfully, the increase wasn't as bad as expected. I forecasted prices in Canada to rise to 125.4c/L, but they rose to 125.5c/L, slightly higher than expected. This week there is additional uncertainty on the horizon as we started the morning off with some concern about debt problems floating around more of Europe. There are concerns Italy and Spain may now be on the brink of a similar situation to that of Greece. Such news is causing concern on the market, concern that it could slow recovery and result in a drop in demand for petroleum. With... Visit GasBuddy Blog for full article

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Message Posted: Jul 18, 2011 10:26:18 AM

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Another week, another gasoline price forecast. Last week, I forecasted that gasoline prices in the U.S. would rise to an average of $3.70 by today. Currently, the average stands at $3.67, so thankfully, the increase wasn't as bad as expected. I forecasted prices in Canada to rise to 125.4c/L, but they rose to 125.5c/L, slightly higher than expected.

This week there is additional uncertainty on the horizon as we started the morning off with some concern about debt problems floating around more of Europe. There are concerns Italy and Spain may now be on the brink of a similar situation to that of Greece. Such news is causing concern on the market, concern that it could slow recovery and result in a drop in demand for petroleum. With...

Visit GasBuddy Blog for full article

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rocket_ron Champion Author Grand Rapids Posts:6,276 Points:1,984,545 Joined:Jul 2006	Message Posted: Aug 21, 2012 10:37:28 AM Ignore rocket_ron Report Abuse K
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 17, 2012 11:50:27 AM Ignore stonecold5005 Report Abuse ok
pfone1847 Champion Author Illinois Posts:3,176 Points:621,630 Joined:Oct 2010	Message Posted: Aug 13, 2012 3:22:42 AM Ignore pfone1847 Report Abuse Wonderful.
timbit0 Rookie Author Ontario Posts:7 Points:53,055 Joined:Jun 2004	Message Posted: Aug 12, 2012 8:25:40 PM Ignore timbit0 Report Abuse ok.
rpsag Rookie Author Toronto Posts:35 Points:4,110 Joined:Jul 2009	Message Posted: Aug 10, 2011 9:51:41 PM Ignore rpsag Report Abuse the problem is GREED by the government and by the oil companies!!! They are the ones keeping gasoline prices inflated. The other problem is that there are no other alternative fuels out there because the government didn't allow it to compete against oil companies....until an alternative fuel is out we will have to keep getting poorer because some of us need vehicles...
robin41 Rookie Author Ohio Posts:10 Points:2,860 Joined:Aug 2011	Message Posted: Aug 10, 2011 1:55:14 PM Ignore robin41 Report Abuse Surprise Surprise.
JJ763 Champion Author Michigan Posts:1,234 Points:289,415 Joined:May 2011	Message Posted: Aug 9, 2011 4:10:46 AM Ignore JJ763 Report Abuse Sad that this is the new norm
Jbricerobertson Sophomore Author Columbus Posts:119 Points:50,970 Joined:Apr 2011	Message Posted: Jul 21, 2011 3:53:29 PM Ignore Jbricerobertson Report Abuse We know the result wasn't what was desired. That is, assuming that lowering gas prices was the desired result.
jfcrump Rookie Author Houston Posts:35 Points:520,830 Joined:Sep 2005	Message Posted: Jul 20, 2011 11:37:08 AM Ignore jfcrump Report Abuse Re release of crude oil from the SPR - not even sure the companies that bought the oil have picked it up or processed it yet. Unrest in the Middle East, devaluation of the dollar, demand still normal to strong all play a part in the prices. Tropical storms in the northern Atlantic don't affect production, whereas action in the Gulf of Mexico could affect crude and natural gas production, refinery processing and pipeline operations if the storm come ashore.
lisamls Veteran Author Sacramento Posts:440 Points:98,430 Joined:Jul 2008	Message Posted: Jul 19, 2011 9:40:21 PM Ignore lisamls Report Abuse ho, hum
jaschnabel Veteran Author Minnesota Posts:460 Points:158,200 Joined:May 2011	Message Posted: Jul 19, 2011 8:01:13 AM Ignore jaschnabel Report Abuse Can we finally say for sure that the release from the strategic reserve didn't do a thing?
torn8owx Champion Author Philadelphia Posts:2,313 Points:577,515 Joined:Feb 2010	Message Posted: Jul 19, 2011 7:51:55 AM Ignore torn8owx Report Abuse No surprise here
armstrmb Champion Author Houston Posts:10,549 Points:2,088,180 Joined:Jun 2007	Message Posted: Jul 19, 2011 7:08:23 AM Ignore armstrmb Report Abuse With such uncertainty in all prices and the possibility of new taxes, it is no wonder that businesses are not hiring. Why hire someone if you can't know that their services will remain profitable due to changes in the tax code, variations in your customers' spending habits, and changes in your supply chain?
NotmeuQc Champion Author Montreal Posts:5,646 Points:1,131,325 Joined:Apr 2009	Message Posted: Jul 19, 2011 4:54:54 AM Ignore NotmeuQc Report Abuse Prices are much higher in Quebec and especially Montreal. Add on 8 cents for Quebec, 10 cents for Montreal. This is historically normal as our taxes are higher.
N5EXY Champion Author Austin Posts:5,482 Points:1,508,130 Joined:Jul 2004	Message Posted: Jul 19, 2011 12:03:18 AM Ignore N5EXY Report Abuse So what happened to the release of the strategic reserve, other than politics?
vulcan96 Champion Author Ohio Posts:26,890 Points:3,101,725 Joined:Aug 2004	Message Posted: Jul 18, 2011 11:37:26 PM Ignore vulcan96 Report Abuse lookin bad for users, as usual.
814_fye Veteran Author Pennsylvania Posts:294 Points:126,315 Joined:May 2011	Message Posted: Jul 18, 2011 11:33:11 PM Ignore 814_fye Report Abuse nothing new oil companys keep getting rich and we go broke
gmcgas Champion Author Atlanta Posts:5,942 Points:1,712,220 Joined:Mar 2004	Message Posted: Jul 18, 2011 11:26:18 PM Ignore gmcgas Report Abuse more hogwash.
jkpsr Champion Author New Jersey Posts:4,074 Points:1,100,930 Joined:Jun 2005	Message Posted: Jul 18, 2011 11:23:02 PM Ignore jkpsr Report Abuse The averages in NJ has risen, but not excessively.
rippinusoff Champion Author Lexington Posts:7,393 Points:1,485,825 Joined:May 2007	Message Posted: Jul 18, 2011 11:21:02 PM Ignore rippinusoff Report Abuse the DOW and NASDAQ are artificially inflated...they will soon come crashing down...there is nothing in the market to support it... our gov't has managed to bring us to the brink of bancruptcy and they are not smart enough to stop spending... both Dems and Repubs are to blame...you are all self serving and you all care nothing about the American People... you try to save the world when you should first try to save the United States... STOP!!! STOP spending money we don't have...
Gas_Buzzer Champion Author South Carolina Posts:14,149 Points:2,592,415 Joined:Sep 2005	Message Posted: Jul 18, 2011 11:19:56 PM Ignore Gas_Buzzer Report Abuse Cut, cap and balance.
LoneGuy Champion Author Lansing Posts:8,465 Points:2,315,070 Joined:Aug 2005	Message Posted: Jul 18, 2011 11:19:14 PM Ignore LoneGuy Report Abuse All these things weigh on the stock markets and make travel expesive.
joel27nc Champion Author Raleigh Posts:10,527 Points:1,856,420 Joined:Mar 2008	Message Posted: Jul 18, 2011 11:17:18 PM Ignore joel27nc Report Abuse Talk about $2 drop then that will be news!
UpSol7 Champion Author Augusta Posts:1,643 Points:756,925 Joined:Sep 2008	Message Posted: Jul 18, 2011 11:16:44 PM Ignore UpSol7 Report Abuse This week there is additional uncertainty... Or to sum up the article... we don't know.
paltahasan Veteran Author Atlanta Posts:367 Points:102,770 Joined:May 2011	Message Posted: Jul 18, 2011 11:16:12 PM Ignore paltahasan Report Abuse ok
JAM11MS All-Star Author Mississippi Posts:830 Points:451,175 Joined:Feb 2011	Message Posted: Jul 18, 2011 11:15:37 PM Ignore JAM11MS Report Abuse ok
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 18, 2011 11:14:56 PM Ignore tedjm1 Report Abuse The world itself is on the brink of disaster. The financial inddustry was the trigger. Wealthy people drove the ship to this state by greed. And they still do.
smoketown Champion Author Cincinnati Posts:6,221 Points:1,379,925 Joined:Feb 2008	Message Posted: Jul 18, 2011 11:13:37 PM Ignore smoketown Report Abuse Well, it seems that some change a lot faster now raising and lowering prices than penny down...........
2tone1 Champion Author Ontario Posts:4,323 Points:1,155,180 Joined:Dec 2009	Message Posted: Jul 18, 2011 11:13:08 PM Ignore 2tone1 Report Abuse I guess that by next year we're all going to wish we were only paying $3.70 per gallon and 125.5 L. BTW... one gallon is equal to 4.5461 litres. So in Canada we actually pay $5.71 per gallon.
WalRus49 Champion Author Boston Posts:4,065 Points:866,915 Joined:Nov 2010	Message Posted: Jul 18, 2011 11:10:47 PM Ignore WalRus49 Report Abuse Organized mayhem and pillage....
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: Jul 18, 2011 11:07:51 PM Ignore danreino Report Abuse Up 20 cents in one day then down 19 over the next 6 days....Wring the public dry then repeat !
1cheapgasin Champion Author Indianapolis Posts:5,549 Points:1,207,790 Joined:Jul 2009	Message Posted: Jul 18, 2011 11:04:20 PM Ignore 1cheapgasin Report Abuse Indy higher than California-what's up wif dat??????
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Jul 18, 2011 11:02:14 PM Ignore judgemobile Report Abuse If I was a GUESSING person, I would GUESS that gasoline prices may go UP or DOWN in the next week, and month, and... But of course, I am just GUESSING.
umitb Champion Author Indianapolis Posts:3,665 Points:841,490 Joined:Apr 2010	Message Posted: Jul 18, 2011 11:02:13 PM Ignore umitb Report Abuse terrible..
kcboy Champion Author Utah Posts:3,958 Points:1,505,850 Joined:Jun 2005	Message Posted: Jul 18, 2011 11:01:56 PM Ignore kcboy Report Abuse ok
waynemustang Champion Author Indiana Posts:6,362 Points:1,663,610 Joined:Nov 2006	Message Posted: Jul 18, 2011 10:56:48 PM Ignore waynemustang Report Abuse good forecasting
Holly123 Champion Author Charlotte Posts:3,192 Points:788,260 Joined:Dec 2010	Message Posted: Jul 18, 2011 10:56:26 PM Ignore Holly123 Report Abuse Not a good thing : (
mstearno Champion Author Dayton Posts:8,055 Points:1,729,430 Joined:Jan 2008	Message Posted: Jul 18, 2011 10:54:51 PM Ignore mstearno Report Abuse terrible
tomok Champion Author Portland Posts:32,954 Points:2,343,560 Joined:Aug 2006	Message Posted: Jul 18, 2011 10:53:33 PM Ignore tomok Report Abuse Fuel prices are generally up and the price of fuel at the pump is ‘still’ too high!
RoxannaAl Sophomore Author Alabama Posts:248 Points:53,090 Joined:Jul 2011	Message Posted: Jul 18, 2011 10:52:29 PM Ignore RoxannaAl Report Abuse no good
goodbuy Champion Author Michigan Posts:7,658 Points:1,419,880 Joined:May 2005	Message Posted: Jul 18, 2011 10:50:47 PM Ignore goodbuy Report Abuse In other words, we are still getting screwed.
bonbon5 Champion Author Toledo Posts:1,975 Points:526,500 Joined:Feb 2011	Message Posted: Jul 18, 2011 10:48:39 PM Ignore bonbon5 Report Abuse Thanks for the info.
Chris46 Champion Author Dayton Posts:23,649 Points:2,080,140 Joined:Sep 2005	Message Posted: Jul 18, 2011 10:47:53 PM Ignore Chris46 Report Abuse When you're already paying out the nose ($3.67) what's another .03/gallon? Big deal!
Eric2448 Champion Author Pennsylvania Posts:1,131 Points:230,900 Joined:Mar 2011	Message Posted: Jul 18, 2011 10:47:47 PM Ignore Eric2448 Report Abuse ya
wsoxfan999 Champion Author Illinois Posts:3,423 Points:669,790 Joined:Jul 2011	Message Posted: Jul 18, 2011 10:46:19 PM Ignore wsoxfan999 Report Abuse USA will be reflecing bad credit like a lot of people.. Wonder what the credit score is for the USA?
Gas_Buzzer Champion Author South Carolina Posts:14,149 Points:2,592,415 Joined:Sep 2005	Message Posted: Jul 18, 2011 10:43:38 PM Ignore Gas_Buzzer Report Abuse PD, since you are such a great procrastinator, how badly will "Ears" Obammie be defeated next November?
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Jul 18, 2011 10:43:37 PM Ignore zeddieiv Report Abuse Gouging!
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,714 Points:619,020 Joined:May 2011	Message Posted: Jul 18, 2011 10:41:42 PM Ignore LSU_TIGERS_dmb Report Abuse The pres and congress is not the reason for GAS being higher. The reason gas is higher is oil companies and wallstreet. Even if we dont buy gas for a month they will keep the gas higher. But we dont need to go green since that will cost 1000% more than oil
ED6 Champion Author Riverside Posts:9,469 Points:1,848,205 Joined:Jul 2007	Message Posted: Jul 18, 2011 10:39:24 PM Ignore ED6 Report Abuse What can you expect, the gov is max out on their credit.
rugbyphil Champion Author Las Vegas Posts:22,759 Points:3,516,485 Joined:Apr 2003	Message Posted: Jul 18, 2011 10:35:44 PM Ignore rugbyphil Report Abuse no much news there, gasbuddy