Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:18 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: GasBuddy's weekly gasoline outlook Back to Topics
PD

Moderator
Message Posted: Sep 7, 2011 10:13:43 AM

With summer driving season officially over, we lose some (note- some, but not all) pressure on gasoline prices. However, we're still contending with a somewhat active hurricane season. Just taking a quick peek at the National Hurricane Center website, I see three active storms. While none are threatening oil infrastructure right now, this remains on the mind of your average Joe trader.

Gasoline price averages stand at $3.66 today in the U.S. and 126.5c/L in Canada, having moved up slightly in the last week, likely thanks to Irene-related shutdowns as well as Lee-related shutdowns in the Gulf. I'm starting to wonder if oil companies are beginning to use such storms to evacuate their facilities and keep pressure on prices. (It's a good...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Profile Pic
dimplesinbedfor
Rookie Author Fort Worth

Posts:15
Points:2,175
Joined:May 2011
Message Posted: Sep 13, 2011 8:30:31 PM

Around noon I put $20 in my tank at Walmart w/my preloaded card & received the 10 cents off per gallon rate of $3.23 rather than $3.33. When I got home at 3:30, the price had dropped another cent to posted $3.32. I'm not sure if I should fill up for wait to see if it drops again....
Profile Pic
NotmeuQc
Champion Author Montreal

Posts:7,767
Points:1,625,400
Joined:Apr 2009
Message Posted: Sep 8, 2011 6:55:20 AM

As of this morning, we are 13.3/L higher than the Canadian average.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,026
Points:1,234,140
Joined:Mar 2011
Message Posted: Sep 8, 2011 1:46:32 AM

Well, that's nit the average around here. Let's hope the prices let up a bit.
Profile Pic
N5EXY
Champion Author Austin

Posts:7,818
Points:2,010,920
Joined:Jul 2004
Message Posted: Sep 8, 2011 1:11:35 AM

Wish we could get a cat 1 or 2 hurricane in Texas.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,229
Points:2,632,265
Joined:Apr 2007
Message Posted: Sep 8, 2011 12:32:23 AM

Same old, same old.
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,650
Points:1,399,985
Joined:Aug 2010
Message Posted: Sep 8, 2011 12:23:21 AM

sorry guys , but the price up here in Ottawa , has been fairly steady this week @ $1.28.0 per litre & to my surprise , tommorrow , Thurs. , Sept. 8 , it is supposed to be $1.30. per litre if not a bit more .
Profile Pic
regout
Champion Author Quebec

Posts:5,235
Points:1,328,105
Joined:May 2010
Message Posted: Sep 8, 2011 12:17:03 AM

All gas company want it's our money, they too see us pocket empty.
Profile Pic
rxman1
Champion Author Toledo

Posts:12,016
Points:2,363,420
Joined:Nov 2007
Message Posted: Sep 8, 2011 12:15:47 AM

You are not bad on your predictions. The weatherman is still not as close of their's
Profile Pic
judgemobile
Champion Author Ohio

Posts:9,889
Points:2,948,185
Joined:Nov 2005
Message Posted: Sep 8, 2011 12:15:22 AM

greed and speculation are the new supply and demand. Wholesale is below 2.90 and therefore retail should be BELOW 3.40, not in the $ 3.60's.
Profile Pic
LoneGuy
Champion Author Lansing

Posts:10,497
Points:2,761,690
Joined:Aug 2005
Message Posted: Sep 8, 2011 12:15:16 AM

In mid Michigan we are still mostly looking at prices in the low end of $3.70's. It could be better.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Sep 8, 2011 12:15:13 AM

Down will be SLOW.
Profile Pic
Matt G
Champion Author Boston

Posts:6,861
Points:3,275,650
Joined:Jun 2004
Message Posted: Sep 8, 2011 12:11:15 AM

Go down
Profile Pic
Bigwaynef
Champion Author South Carolina

Posts:14,452
Points:2,581,220
Joined:Dec 2006
Message Posted: Sep 8, 2011 12:09:53 AM

I'll let ya know when the wind picks up again...
Profile Pic
camel1
Champion Author Minnesota

Posts:10,540
Points:2,756,315
Joined:Jul 2006
Message Posted: Sep 8, 2011 12:09:51 AM

ok
Profile Pic
mikaye
Champion Author Cleveland

Posts:5,403
Points:1,231,485
Joined:Jun 2010
Message Posted: Sep 8, 2011 12:09:39 AM

if there is a breeze it is used to up prices it does not have to go near refineries or rigs to up prices
Profile Pic
tampacrvdriver
Champion Author Tampa

Posts:4,263
Points:1,116,600
Joined:May 2011
Message Posted: Sep 8, 2011 12:08:42 AM

scary
Profile Pic
gassaver2008AZ
Rookie Author Phoenix

Posts:6
Points:37,045
Joined:Jul 2011
Message Posted: Sep 8, 2011 12:07:44 AM

i think that pressure is a result but i will take that result to keep from losing lives. its just money folks you can replace it you cant replace a life.
Profile Pic
quasar502
Champion Author Lansing

Posts:5,746
Points:1,281,330
Joined:Jan 2011
Message Posted: Sep 8, 2011 12:06:49 AM

Following the stock market instead of gas demand dropoff.
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,387
Points:1,170,620
Joined:Jun 2011
Message Posted: Sep 8, 2011 12:06:10 AM

Should be intresting.
Profile Pic
1Casey
Champion Author Albany

Posts:8,638
Points:2,190,955
Joined:Jun 2004
Message Posted: Sep 7, 2011 11:57:21 PM

$peculation.
Profile Pic
payogie
Champion Author Atlanta

Posts:1,047
Points:301,510
Joined:Feb 2005
Message Posted: Sep 7, 2011 11:52:48 PM

Always a reason to keep the prices up.
Profile Pic
Eric2448
Champion Author Pennsylvania

Posts:1,131
Points:230,900
Joined:Mar 2011
Message Posted: Sep 7, 2011 11:52:07 PM

ok
Profile Pic
Dragnet
Champion Author Arizona

Posts:17,816
Points:3,393,480
Joined:Jul 2004
Message Posted: Sep 7, 2011 11:42:08 PM

There will be more excuses from the companies about their refineries and they will drive up the prices even more. Lies line their pockets
Profile Pic
milespergallon
Champion Author Illinois

Posts:11,971
Points:2,398,075
Joined:Feb 2007
Message Posted: Sep 7, 2011 11:41:51 PM

Excuse me, but there NEVER was any 'pressure' from summer driving. TOO many did staycations. And, the pump prices were way over priced. (Still are)
Profile Pic
OGW
Champion Author London

Posts:6,863
Points:1,963,515
Joined:Sep 2005
Message Posted: Sep 7, 2011 11:41:44 PM

GasBuddy is often seen as a part of the oil industry by many customers.
Profile Pic
hauler43
Champion Author Oakland

Posts:8,158
Points:2,597,850
Joined:Sep 2003
Message Posted: Sep 7, 2011 11:40:53 PM

I see higher gas prices because it is hurricane season
Profile Pic
vizilo
Champion Author British Columbia

Posts:5,729
Points:2,590,650
Joined:May 2004
Message Posted: Sep 7, 2011 11:38:31 PM

for what it's worth
Profile Pic
ext2005
Sophomore Author Kalamazoo

Posts:100
Points:25,220
Joined:Jun 2011
Message Posted: Sep 7, 2011 11:37:47 PM

sho you right
Profile Pic
Focus2
Champion Author Illinois

Posts:8,144
Points:2,071,285
Joined:Mar 2006
Message Posted: Sep 7, 2011 11:35:18 PM


Good news for motorists also comes September 15 when the EPA allows winter gasoline to again be sold at retailers."

Don't get your hopes up! Big Oil in the past have taken advantage of us by raising prices after Thanksgiving and continue until Memorial Day! They are after bigger profit margins! That is why we pay them a dollar a gallon more than last year. Their prices last year did not follow the drop in oil.
Profile Pic
tippybuddy
Champion Author Ontario

Posts:1,523
Points:207,740
Joined:Feb 2011
Message Posted: Sep 7, 2011 11:34:48 PM

I guess all excuses count but which one is the right one..it's still to high where I live
Profile Pic
Ray_10589
Champion Author New York

Posts:7,111
Points:1,668,360
Joined:May 2009
Message Posted: Sep 7, 2011 11:27:59 PM

gas at the pump still over $4
Profile Pic
JAM11MS
All-Star Author Mississippi

Posts:830
Points:451,175
Joined:Feb 2011
Message Posted: Sep 7, 2011 11:24:55 PM

ok
Profile Pic
mstearno
Champion Author Dayton

Posts:9,428
Points:2,147,785
Joined:Jan 2008
Message Posted: Sep 7, 2011 11:24:22 PM

way to go gasbuddy
Profile Pic
Zonk
Champion Author Michigan

Posts:8,764
Points:2,595,950
Joined:Oct 2005
Message Posted: Sep 7, 2011 11:16:53 PM

Report offers little.
Profile Pic
defcon7
Champion Author St. Louis

Posts:1,837
Points:264,235
Joined:May 2009
Message Posted: Sep 7, 2011 11:10:38 PM

Are you saying we can finally leave our first born at home when buying gas?
Profile Pic
Wizrd03
Champion Author Illinois

Posts:10,486
Points:2,135,585
Joined:Oct 2008
Message Posted: Sep 7, 2011 11:09:19 PM

More reason and logic in this article than all the gov't BS forecasting and smoke & mirrors
Profile Pic
FlyNFool
Champion Author South Carolina

Posts:10,476
Points:2,183,670
Joined:Aug 2008
Message Posted: Sep 7, 2011 11:06:02 PM

More useful than the DOE!
Profile Pic
sipper85
Champion Author Worcester

Posts:1,055
Points:1,015,285
Joined:Oct 2006
Message Posted: Sep 7, 2011 11:05:41 PM

Of course any excuse to constrain supply and make more profit.
Profile Pic
g747
Champion Author Mobile

Posts:6,722
Points:1,401,510
Joined:Jul 2009
Message Posted: Sep 7, 2011 11:03:42 PM

Thanks for the Report.
Profile Pic
flyfast
Champion Author Kansas City

Posts:11,512
Points:2,322,285
Joined:Jan 2008
Message Posted: Sep 7, 2011 11:03:23 PM

new excuses every weak
Profile Pic
woodeye55
Champion Author Gary

Posts:9,820
Points:2,355,855
Joined:Mar 2006
Message Posted: Sep 7, 2011 11:01:06 PM

It only goes UP.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,026
Points:1,234,140
Joined:Mar 2011
Message Posted: Sep 7, 2011 11:00:30 PM

Well, that's nit the average around here. Let's hope the prices let up a bit.
Profile Pic
LostToo
Champion Author Illinois

Posts:4,392
Points:975,315
Joined:May 2009
Message Posted: Sep 7, 2011 10:58:25 PM

The preasure is still on here. We still have $3.79 and up. Does that mess up your figures for the average?
Profile Pic
EmperorsFinest
Champion Author Chicago

Posts:1,764
Points:435,395
Joined:Jul 2011
Message Posted: Sep 7, 2011 10:56:08 PM

I would love to see $3.66 a gallon in Chicago!
Profile Pic
mwo
Champion Author Twin Cities

Posts:1,798
Points:1,598,885
Joined:Aug 2004
Message Posted: Sep 7, 2011 10:43:44 PM

Dreaming up new excuses for raising prices
Profile Pic
30mpg80
Champion Author Lexington

Posts:14,021
Points:1,990,980
Joined:Nov 2008
Message Posted: Sep 7, 2011 10:43:06 PM

Say it ain't so! a cent or two, and WTI crude down around $86/barrel! And gasoline should be at least a dollar lower per gallon!
Profile Pic
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Sep 7, 2011 10:41:09 PM

yes, it's gone up
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,970
Points:2,056,445
Joined:Jul 2004
Message Posted: Sep 7, 2011 10:37:24 PM

I don't think the hurricanes had anything to do with the
price hike - it was just an excuse for greed
Profile Pic
jjballgame
All-Star Author Iowa

Posts:891
Points:182,075
Joined:Jun 2010
Message Posted: Sep 7, 2011 10:36:33 PM

Same song and dance, different day. Hurricanes in the gulf, another excuse to raise the price at the pump
Profile Pic
FrankTA2
Champion Author New York

Posts:6,467
Points:1,588,550
Joined:Jun 2007
Message Posted: Sep 7, 2011 10:36:14 PM

All I know is it's going up now.
Post a reply Back to Topics