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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...

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REPLIES (newest first) Post a Reply
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....
NotmeuQc
Champion Author Montreal

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Message Posted: Sep 8, 2011 6:55:20 AM

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

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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.
N5EXY
Champion Author Austin

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Message Posted: Sep 8, 2011 1:11:35 AM

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

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Message Posted: Sep 8, 2011 12:32:23 AM

Same old, same old.
heartbroken2010
Champion Author Ottawa

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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 .
regout
Champion Author Quebec

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Message Posted: Sep 8, 2011 12:17:03 AM

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

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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
judgemobile
Champion Author Ohio

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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.
LoneGuy
Champion Author Lansing

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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.
tedjm1
Champion Author New York

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Message Posted: Sep 8, 2011 12:15:13 AM

Down will be SLOW.
Matt G
Champion Author Boston

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Message Posted: Sep 8, 2011 12:11:15 AM

Go down
Bigwaynef
Champion Author South Carolina

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Message Posted: Sep 8, 2011 12:09:53 AM

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

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Message Posted: Sep 8, 2011 12:09:51 AM

ok
mikaye
Champion Author Cleveland

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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
tampacrvdriver
Champion Author Tampa

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Message Posted: Sep 8, 2011 12:08:42 AM

scary
gassaver2008AZ
Rookie Author Phoenix

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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.
quasar502
Champion Author Lansing

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Message Posted: Sep 8, 2011 12:06:49 AM

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

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Message Posted: Sep 8, 2011 12:06:10 AM

Should be intresting.
1Casey
Champion Author Albany

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Message Posted: Sep 7, 2011 11:57:21 PM

$peculation.
payogie
Champion Author Atlanta

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Message Posted: Sep 7, 2011 11:52:48 PM

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

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Message Posted: Sep 7, 2011 11:52:07 PM

ok
Dragnet
Champion Author Arizona

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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
milespergallon
Champion Author Illinois

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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)
OGW
Champion Author London

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Message Posted: Sep 7, 2011 11:41:44 PM

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

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Message Posted: Sep 7, 2011 11:40:53 PM

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

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Message Posted: Sep 7, 2011 11:38:31 PM

for what it's worth
ext2005
Sophomore Author Kalamazoo

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Message Posted: Sep 7, 2011 11:37:47 PM

sho you right
Focus2
Champion Author Illinois

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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.
tippybuddy
Champion Author Ontario

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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
Ray_10589
Champion Author New York

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Message Posted: Sep 7, 2011 11:27:59 PM

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

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Joined:Feb 2011
Message Posted: Sep 7, 2011 11:24:55 PM

ok
mstearno
Champion Author Dayton

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Message Posted: Sep 7, 2011 11:24:22 PM

way to go gasbuddy
Zonk
Champion Author Michigan

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Message Posted: Sep 7, 2011 11:16:53 PM

Report offers little.
defcon7
Champion Author St. Louis

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Message Posted: Sep 7, 2011 11:10:38 PM

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

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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
FlyNFool
Champion Author South Carolina

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Message Posted: Sep 7, 2011 11:06:02 PM

More useful than the DOE!
sipper85
Champion Author Worcester

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Message Posted: Sep 7, 2011 11:05:41 PM

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

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Message Posted: Sep 7, 2011 11:03:42 PM

Thanks for the Report.
flyfast
Champion Author Kansas City

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Message Posted: Sep 7, 2011 11:03:23 PM

new excuses every weak
woodeye55
Champion Author Gary

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Message Posted: Sep 7, 2011 11:01:06 PM

It only goes UP.
kgbellman
Champion Author Ann Arbor

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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.
LostToo
Champion Author Illinois

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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?
EmperorsFinest
Champion Author Chicago

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Points:578,720
Joined:Jul 2011
Message Posted: Sep 7, 2011 10:56:08 PM

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

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Message Posted: Sep 7, 2011 10:43:44 PM

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

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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!
schatzila
Champion Author Los Angeles

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Message Posted: Sep 7, 2011 10:41:09 PM

yes, it's gone up
AKmailman
Champion Author Alaska

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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
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
FrankTA2
Champion Author New York

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Joined:Jun 2007
Message Posted: Sep 7, 2011 10:36:14 PM

All I know is it's going up now.
jb107
Champion Author New Jersey

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Joined:Sep 2005
Message Posted: Sep 7, 2011 10:29:48 PM

It will go down next year before the elections.
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