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PD Moderator	Message Posted: Jul 25, 2011 11:11:00 AM Ignore PD Report Abuse For many Americans, the thought that gas prices are rising is bad enough. But for those who take things in stride, gasoline prices rose slower than we expected. I forecasted last week that the U.S. national average could rise to $3.71 by today while prices in Canada could rise to 126.5c/L. It would appear that for the second straight week, I nailed the Canadian forecast while coming up a little short on the U.S. forecast. Prices in Canada are currently showing up as 126.4c/L while prices in the U.S. currently sit at $3.694 per gallon. Sorry Canadians, I suppose your prices are rising faster than they are here in the states. So what's going on to cause prices to rise so much slower in the U.S.? It's hard for me to explain... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jul 25, 2011 11:11:00 AM

Ignore PD Report Abuse

For many Americans, the thought that gas prices are rising is bad enough. But for those who take things in stride, gasoline prices rose slower than we expected.

I forecasted last week that the U.S. national average could rise to $3.71 by today while prices in Canada could rise to 126.5c/L. It would appear that for the second straight week, I nailed the Canadian forecast while coming up a little short on the U.S. forecast. Prices in Canada are currently showing up as 126.4c/L while prices in the U.S. currently sit at $3.694 per gallon.

Sorry Canadians, I suppose your prices are rising faster than they are here in the states. So what's going on to cause prices to rise so much slower in the U.S.? It's hard for me to explain...

Visit GasBuddy Blog for full article

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fsufan11 Veteran Author Jacksonville Posts:339 Points:149,780 Joined:Jun 2011	Message Posted: Sep 8, 2011 8:25:23 AM Ignore fsufan11 Report Abuse No one seems to know completely how gas prices are connected to the price of a barrel of oil. At the present time, with a barrel of oil in the $84 to $85 per barrel price range, the gas prices should be about $2.95 per gallon for regular unleaded. Why are they where they are now? Because retailers have all of this "expensive" gas to get rid of, so the consumer again "takes it in the wallet."
nemoFL Champion Author Florida Posts:8,781 Points:1,606,275 Joined:Oct 2008	Message Posted: Sep 6, 2011 3:52:39 PM Ignore nemoFL Report Abuse boring
nemoFL Champion Author Florida Posts:8,781 Points:1,606,275 Joined:Oct 2008	Message Posted: Sep 5, 2011 3:52:25 PM Ignore nemoFL Report Abuse boring
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Aug 21, 2011 11:40:16 PM Ignore livable1 Report Abuse slower?
leftyronbo Rookie Author Pensacola Posts:86 Points:332,615 Joined:Aug 2011	Message Posted: Aug 20, 2011 11:41:19 AM Ignore leftyronbo Report Abuse I agree with N5EXY in Austin: "Too much analysis - a synonym for speculation."
nemoFL Champion Author Florida Posts:8,781 Points:1,606,275 Joined:Oct 2008	Message Posted: Aug 14, 2011 4:29:47 AM Ignore nemoFL Report Abuse and its dropped since then
wilbur_gas Champion Author Los Angeles Posts:1,702 Points:644,110 Joined:Mar 2011	Message Posted: Aug 8, 2011 8:19:42 AM Ignore wilbur_gas Report Abuse I wonder how losing an AAA rating will affect the price of gas.
JayTheGasHunter Sophomore Author Indianapolis Posts:245 Points:120,805 Joined:Jul 2011	Message Posted: Aug 5, 2011 8:25:27 AM Ignore JayTheGasHunter Report Abuse Yeah, this study needs more data. -J
thuathienhue Champion Author Michigan Posts:3,438 Points:629,790 Joined:Jul 2011	Message Posted: Jul 30, 2011 1:01:00 PM Ignore thuathienhue Report Abuse Thank for the info.
spierce14535 Rookie Author Delaware Posts:45 Points:10,625 Joined:Jun 2011	Message Posted: Jul 30, 2011 11:30:16 AM Ignore spierce14535 Report Abuse Why are prices going up again?
1006 Champion Author Birmingham Posts:1,105 Points:1,351,590 Joined:Apr 2008	Message Posted: Jul 30, 2011 8:00:12 AM Ignore 1006 Report Abuse wow, 2c. I sure feel better that I thought I would.?!
JackNC Sophomore Author Greensboro Posts:151 Points:116,540 Joined:Jun 2009	Message Posted: Jul 29, 2011 7:12:43 AM Ignore JackNC Report Abuse I'm glad to hear that gas prices are not rising as fast as they expected.
RoxannaAl Sophomore Author Alabama Posts:248 Points:53,090 Joined:Jul 2011	Message Posted: Jul 27, 2011 8:10:18 AM Ignore RoxannaAl Report Abuse SAW THIS YESTERDAY
slowtrain Champion Author Georgia Posts:3,647 Points:944,900 Joined:Aug 2008	Message Posted: Jul 26, 2011 6:07:32 PM Ignore slowtrain Report Abuse Saw this yesterday.
Cakes77 Champion Author Harrisburg Posts:5,140 Points:1,648,745 Joined:Aug 2006	Message Posted: Jul 26, 2011 2:41:15 PM Ignore Cakes77 Report Abuse This is a duplicate article.
doctorindyj Champion Author Santa Fe Posts:3,438 Points:836,035 Joined:Nov 2009	Message Posted: Jul 26, 2011 10:39:21 AM Ignore doctorindyj Report Abuse Half full, half empty? I'm of the mindset gas is still too high. The point is they keep rising it doesn't matter how fast or how slow. Well I guess it does because it rises like a rocket but falls like a feather.
bpasta Champion Author Ohio Posts:2,655 Points:444,805 Joined:Nov 2010	Message Posted: Jul 26, 2011 8:42:50 AM Ignore bpasta Report Abuse interesting
GassyKat Champion Author Wisconsin Posts:10,079 Points:2,068,920 Joined:Sep 2005	Message Posted: Jul 26, 2011 8:39:05 AM Ignore GassyKat Report Abuse Thanks for the insights, GB!
Ghosty1 Champion Author Quebec Posts:1,544 Points:383,000 Joined:Jan 2011	Message Posted: Jul 26, 2011 7:18:46 AM Ignore Ghosty1 Report Abuse Quebec's average is at 133.8, a little lower than Montreal but higher than the National average.
NotmeuQc Champion Author Montreal Posts:5,636 Points:1,129,275 Joined:Apr 2009	Message Posted: Jul 26, 2011 6:44:29 AM Ignore NotmeuQc Report Abuse While the Canadian average is 126.4, Montreal is averaging 134.9.
OTISFL Champion Author Pensacola Posts:4,590 Points:861,815 Joined:Apr 2009	Message Posted: Jul 26, 2011 6:20:17 AM Ignore OTISFL Report Abuse Basic line---prices will rise.
N5EXY Champion Author Austin Posts:5,472 Points:1,506,380 Joined:Jul 2004	Message Posted: Jul 26, 2011 1:12:17 AM Ignore N5EXY Report Abuse Too much analysis - a synonym for speculation.
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Jul 26, 2011 1:10:18 AM Ignore us4usa Report Abuse With Canada gas prices they should keep more, to lower their pump prices...
crabeee2 Champion Author Illinois Posts:3,962 Points:780,195 Joined:Mar 2011	Message Posted: Jul 26, 2011 1:04:19 AM Ignore crabeee2 Report Abuse The way I read it you missed it my 1.6cents... That is close enough in my book..
menagerie1013 Champion Author San Diego Posts:2,365 Points:686,515 Joined:Apr 2011	Message Posted: Jul 26, 2011 12:50:50 AM Ignore menagerie1013 Report Abuse It's all a crap shoot and no amount of analysis is going to predict what will happen.
menagerie1013 Champion Author San Diego Posts:2,365 Points:686,515 Joined:Apr 2011	Message Posted: Jul 26, 2011 12:49:22 AM Ignore menagerie1013 Report Abuse It's all a crap shoot and no amount of analysis is going to predict what will happen.
UpSol7 Champion Author Augusta Posts:1,633 Points:754,875 Joined:Sep 2008	Message Posted: Jul 26, 2011 12:47:08 AM Ignore UpSol7 Report Abuse just write out twenty 'forecasts' and roll a D20
heartbroken2010 Champion Author Ottawa Posts:4,324 Points:893,535 Joined:Aug 2010	Message Posted: Jul 26, 2011 12:45:51 AM Ignore heartbroken2010 Report Abuse for us here in Canada , can never figure out why gas pricing can fluctuate between the 3 -4 Major gas companies who supply us , on any given day during the week , as much as 4 - 5 cents per litre difference in gas prices in as little as 1/2 hour .
Blue48 Champion Author Illinois Posts:7,285 Points:1,633,945 Joined:Feb 2007	Message Posted: Jul 26, 2011 12:36:52 AM Ignore Blue48 Report Abuse IT'S A GUESS!
granitestater Champion Author New Hampshire Posts:8,800 Points:1,426,750 Joined:Oct 2008	Message Posted: Jul 26, 2011 12:36:12 AM Ignore granitestater Report Abuse Pump prices are based on the cost of the underlying futures contracts that matured months ago and are used as the feedstock for the refineries.
WalRus49 Champion Author Boston Posts:4,055 Points:864,865 Joined:Nov 2010	Message Posted: Jul 26, 2011 12:34:27 AM Ignore WalRus49 Report Abuse Just more organized mayhem and pillage....
trinda1 Champion Author Fort Worth Posts:2,011 Points:544,795 Joined:Dec 2010	Message Posted: Jul 26, 2011 12:32:37 AM Ignore trinda1 Report Abuse Another ok
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Jul 26, 2011 12:24:11 AM Ignore frostyWV Report Abuse speculators = gougers
pyndasky Champion Author Maryland Posts:9,980 Points:1,777,805 Joined:May 2008	Message Posted: Jul 26, 2011 12:23:38 AM Ignore pyndasky Report Abuse Gasbuddy didn't come up short, he overshot the mark
tampacrvdriver Champion Author Tampa Posts:3,336 Points:708,435 Joined:May 2011	Message Posted: Jul 26, 2011 12:22:17 AM Ignore tampacrvdriver Report Abuse Speculators are just well paid criminals.
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Jul 26, 2011 12:20:16 AM Ignore tomok Report Abuse It’s very hard to determine weekly gasoline prices. The speculators and manipulators need to be controlled first and return the ‘system’ to supply and demand.
cheapchickKY Champion Author Lexington Posts:3,997 Points:792,290 Joined:Jan 2011	Message Posted: Jul 26, 2011 12:18:48 AM Ignore cheapchickKY Report Abuse Follow the bouncing gas prices.
abacus44 Champion Author Toms River Posts:3,460 Points:744,490 Joined:Jan 2011	Message Posted: Jul 26, 2011 12:18:30 AM Ignore abacus44 Report Abuse Thanks for the predictions. What are they using for a crystal ball?
TBONE3 Champion Author Pennsylvania Posts:8,726 Points:1,972,650 Joined:Mar 2005	Message Posted: Jul 26, 2011 12:18:27 AM Ignore TBONE3 Report Abuse What happens with the budget talks and action orices inaction, will most definitely have a tremendous effect on petroleum prices and supplies. We will see in a few short days.
dad2two Champion Author Dallas Posts:3,525 Points:745,870 Joined:May 2010	Message Posted: Jul 26, 2011 12:17:32 AM Ignore dad2two Report Abuse Gas prices are kept artificially high.
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Jul 26, 2011 12:16:08 AM Ignore rxman1 Report Abuse We will see where prices go this weekend? UP? Down? The same?
Caduceus26 Champion Author Jacksonville Posts:3,876 Points:758,385 Joined:May 2009	Message Posted: Jul 26, 2011 12:14:25 AM Ignore Caduceus26 Report Abuse I do agree with the statement: "it is hard ... to explain...". Any explanation other than greed and avarice sounds like "bull puckie".
LoneGuy Champion Author Lansing Posts:8,460 Points:2,313,995 Joined:Aug 2005	Message Posted: Jul 26, 2011 12:11:36 AM Ignore LoneGuy Report Abuse We are still saddled by inaction in the debt talks so we don't know nor do businesses what to expect in the future. Will the country continue to move toward insolvency or pay the piper?
Bigwaynef Champion Author South Carolina Posts:11,444 Points:2,076,760 Joined:Dec 2006	Message Posted: Jul 26, 2011 12:11:20 AM Ignore Bigwaynef Report Abuse I bet "Pretty" doesn't descibe it...
skybiker Champion Author South Carolina Posts:7,277 Points:1,555,515 Joined:Jul 2008	Message Posted: Jul 26, 2011 12:10:03 AM Ignore skybiker Report Abuse No real reason here....
traindude Champion Author Virginia Beach Posts:5,624 Points:1,492,855 Joined:Jun 2007	Message Posted: Jul 26, 2011 12:09:49 AM Ignore traindude Report Abuse crap shoot
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Jul 26, 2011 12:07:55 AM Ignore jkpsr Report Abuse NJ prices are staying relatively stable.
1cheapgasin Champion Author Indianapolis Posts:5,537 Points:1,205,740 Joined:Jul 2009	Message Posted: Jul 26, 2011 12:06:50 AM Ignore 1cheapgasin Report Abuse $3.48
rippinusoff Champion Author Lexington Posts:7,388 Points:1,484,000 Joined:May 2007	Message Posted: Jul 26, 2011 12:05:48 AM Ignore rippinusoff Report Abuse 50/50
PaylessKY Champion Author Kentucky Posts:8,700 Points:1,577,450 Joined:Oct 2008	Message Posted: Jul 26, 2011 12:05:04 AM Ignore PaylessKY Report Abuse Two of the stations I normally report came down yesterday from 3.85 to 3.79 for regular.