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Author Topic: GasBuddy's weekly gasoline outlook Back to Topics
PD
Moderator
Message Posted: Jul 25, 2011 11:11:00 AM

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
REPLIES (newest first) Post a Reply
fsufan11
Veteran Author Jacksonville

Posts:339
Points:149,780
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Message Posted: Sep 8, 2011 8:25:23 AM

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

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Message Posted: Sep 6, 2011 3:52:39 PM

boring
nemoFL
Champion Author Florida

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Message Posted: Sep 5, 2011 3:52:25 PM

boring
livable1
Champion Author New York

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Message Posted: Aug 21, 2011 11:40:16 PM

slower?
leftyronbo
Rookie Author Pensacola

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Message Posted: Aug 20, 2011 11:41:19 AM

I agree with N5EXY in Austin: "Too much analysis - a synonym for speculation."
nemoFL
Champion Author Florida

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Message Posted: Aug 14, 2011 4:29:47 AM

and its dropped since then
wilbur_gas
Champion Author Los Angeles

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Message Posted: Aug 8, 2011 8:19:42 AM

I wonder how losing an AAA rating will affect the price of gas.
JayTheGasHunter
Sophomore Author Indianapolis

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Message Posted: Aug 5, 2011 8:25:27 AM

Yeah, this study needs more data.

-J
thuathienhue
Champion Author Michigan

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Message Posted: Jul 30, 2011 1:01:00 PM

Thank for the info.
spierce14535
Rookie Author Delaware

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Message Posted: Jul 30, 2011 11:30:16 AM

Why are prices going up again?
1006
Champion Author Birmingham

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Message Posted: Jul 30, 2011 8:00:12 AM

wow, 2c. I sure feel better that I thought I would.?!
JackNC
Sophomore Author Greensboro

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Message Posted: Jul 29, 2011 7:12:43 AM

I'm glad to hear that gas prices are not rising as fast as they expected.
RoxannaAl
Sophomore Author Alabama

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Message Posted: Jul 27, 2011 8:10:18 AM

SAW THIS YESTERDAY
slowtrain
Champion Author Georgia

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Message Posted: Jul 26, 2011 6:07:32 PM

Saw this yesterday.
Cakes77
Champion Author Harrisburg

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Message Posted: Jul 26, 2011 2:41:15 PM

This is a duplicate article.
doctorindyj
Champion Author Santa Fe

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Message Posted: Jul 26, 2011 10:39:21 AM

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

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Message Posted: Jul 26, 2011 8:42:50 AM

interesting
GassyKat
Champion Author Wisconsin

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Message Posted: Jul 26, 2011 8:39:05 AM

Thanks for the insights, GB!
Ghosty1
Champion Author Quebec

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Message Posted: Jul 26, 2011 7:18:46 AM

Quebec's average is at 133.8, a little lower than Montreal but higher than the National average.
NotmeuQc
Champion Author Montreal

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Message Posted: Jul 26, 2011 6:44:29 AM

While the Canadian average is 126.4, Montreal is averaging 134.9.
OTISFL
Champion Author Pensacola

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Message Posted: Jul 26, 2011 6:20:17 AM

Basic line---prices will rise.
N5EXY
Champion Author Austin

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Message Posted: Jul 26, 2011 1:12:17 AM

Too much analysis - a synonym for speculation.
us4usa
Champion Author Missouri

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Message Posted: Jul 26, 2011 1:10:18 AM

With Canada gas prices they should keep more, to lower their pump prices...
crabeee2
Champion Author Illinois

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Message Posted: Jul 26, 2011 1:04:19 AM

The way I read it you missed it my 1.6cents... That is close enough in my book..
menagerie1013
Champion Author San Diego

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Message Posted: Jul 26, 2011 12:50:50 AM

It's all a crap shoot and no amount of analysis is going to predict what will happen.
menagerie1013
Champion Author San Diego

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Points:1,300,790
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Message Posted: Jul 26, 2011 12:49:22 AM

It's all a crap shoot and no amount of analysis is going to predict what will happen.
UpSol7
Champion Author Augusta

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Message Posted: Jul 26, 2011 12:47:08 AM

just write out twenty 'forecasts' and roll a D20
heartbroken2010
Champion Author Ottawa

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Message Posted: Jul 26, 2011 12:45:51 AM

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

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Message Posted: Jul 26, 2011 12:36:52 AM

IT'S A GUESS!
granitestater
Champion Author New Hampshire

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Message Posted: Jul 26, 2011 12:36:12 AM

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

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Message Posted: Jul 26, 2011 12:34:27 AM

Just more organized mayhem and pillage....
trinda1
Champion Author Fort Worth

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Message Posted: Jul 26, 2011 12:32:37 AM

Another ok
frostyWV
Champion Author West Virginia

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Message Posted: Jul 26, 2011 12:24:11 AM

speculators = gougers
pyndasky
Champion Author Maryland

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Message Posted: Jul 26, 2011 12:23:38 AM

Gasbuddy didn't come up short, he overshot the mark
tampacrvdriver
Champion Author Tampa

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Message Posted: Jul 26, 2011 12:22:17 AM

Speculators are just well paid criminals.
tomok
Champion Author Portland

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Message Posted: Jul 26, 2011 12:20:16 AM

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

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Message Posted: Jul 26, 2011 12:18:48 AM

Follow the bouncing gas prices.
abacus44
Champion Author Toms River

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Message Posted: Jul 26, 2011 12:18:30 AM

Thanks for the predictions. What are they using for a crystal ball?
TBONE3
Champion Author Pennsylvania

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Message Posted: Jul 26, 2011 12:18:27 AM

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

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Message Posted: Jul 26, 2011 12:17:32 AM

Gas prices are kept artificially high.
rxman1
Champion Author Toledo

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Message Posted: Jul 26, 2011 12:16:08 AM

We will see where prices go this weekend? UP? Down? The same?
Caduceus26
Champion Author Jacksonville

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Message Posted: Jul 26, 2011 12:14:25 AM

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

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Message Posted: Jul 26, 2011 12:11:36 AM

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

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Message Posted: Jul 26, 2011 12:11:20 AM

I bet "Pretty" doesn't descibe it...
skybiker
Champion Author South Carolina

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Message Posted: Jul 26, 2011 12:10:03 AM

No real reason here....
traindude
Champion Author Virginia Beach

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Message Posted: Jul 26, 2011 12:09:49 AM

crap shoot
jkpsr
Champion Author New Jersey

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Message Posted: Jul 26, 2011 12:07:55 AM

NJ prices are staying relatively stable.
1cheapgasin
Champion Author Indianapolis

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Message Posted: Jul 26, 2011 12:06:50 AM

$3.48
rippinusoff
Champion Author Lexington

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Message Posted: Jul 26, 2011 12:05:48 AM

50/50
PaylessKY
Champion Author Kentucky

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Message Posted: Jul 26, 2011 12:05:04 AM

Two of the stations I normally report came down yesterday from 3.85 to 3.79 for regular.
cloud23465
Champion Author Virginia Beach

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Message Posted: Jul 26, 2011 12:03:06 AM

You know why... we all know why. GREED!!!!
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