Gas Price Predictions

SIN R G · 12-24-2012, 03:46 PM

For the last month or so the price of gas has been dropping slowley. I predict that it will continue to drop until the middle of March when it will sharply start to rise. The price will be slightly higher than last year by April 1st because I plan to get the Camaro back out on April 6th provided that the roads have been cleaned off.

Now I am not an expert on predicting the price of gas, but I did stay at a Holiday Inn Express last night.

Inferno LSX · 12-24-2012, 03:54 PM

Price drop is from a excess supply and people just drive less during the winter months. Plus refining cost are down due to the winter blends. I'm not a expert but I do work at a major refinery. LOL

dkp2LT · 12-24-2012, 03:56 PM

Just read an article today that said don't get used to the price drop. Going back up soon.

ChrisBlair · 12-24-2012, 04:07 PM

Let me see...I'm entering a trance...prices will go down...and then up...and then...again down, and later on...later on...up

Just kidding. The only thing for sure is that gas prices don't ever go down and stay there to create a lower baseline price. I paid 69 cents a gallon for leaded (!) gas in 1989. Hey, that's what my engine took to lube the top end, and the stations were getting rid of it. Then it was a buck 10 for unleaded, and ten bucks for a can of tetra-ethyl lead every month. Then a buck 50. Buck 75. Two twenty. Never did go back down and stay there. Then you couldn't get the damn lead anymore, used to sell it suspended in kerosene so it wouldn't harm you if you were the spilly type. Them days is all gone, enjoy it while you can

el ess A · 12-24-2012, 04:27 PM

On average, unless there's some upsets somewhere like refinery fires, supply interruptions, etc., I think gas prices will float around where they are now. Give or take a quarter or so for at least the next 6 months. Obviously regional issues will be a factor as well. This is not including the federal gas tax increase some members, er, shall I say some "members" (different context, you figure it out) in Congress are looking for in the near-term.

Mr. iNCREDIBLE · 12-24-2012, 04:33 PM

it's just a game.. the oil companies are trying to level out the price to an average of $5 per gallon, so they raise it up; we get pissed; they lower it, but not as low as it was, let is sit a minute and then raise it again; we get pissed, they lower it but again not as low as it was, a continuing cycle until we are fine with it being at the level they want it.

Think about it..

in the early 2000s we complained when it hit $2

then in the mid 2000s we complained when it hit $3 but no longer complained about it being over $2

in the late 2000s we complained when it hit $4 but are no longer complaining about it being over $3

in the 2010s we complain when it hits $5 but no longer complain that it stays above $4 for long periods of time, dipping occasionally into the high $3 range for short periods of time.

GunnyG · 12-24-2012, 04:55 PM

Quote:

Originally Posted by Inferno LS3

Price drop is from a excess supply and people just drive less during the winter months. Plus refining cost are down due to the winter blends. I'm not a expert but I do work at a major refinery. LOL

This guy knows what he's talking about! LoL...I remember back in early October when the SoCal price jumped above $5.00 and everyone was going all crazy. Prices haven't slowly come down...they've plummeted (not really) here. Below $4.00...what a relief too. Biggest stimulus, and boost for economic recovery a regular person can get. Not to be shelling out Ben Franklins to get from point A to point B.

TheReaper · 12-24-2012, 06:35 PM

I saw 93 octane Chevron go down to 3.11 early this month and now it's back up to 3.30
and going up again. We don't have Winter blends in the South. The price is controlled by speculators on Wall Street.

Scott@Bjorn3D · 12-24-2012, 09:54 PM

Gas will be around 4.50 to 5.00 for Premium next year. New EPA rules go into effect Jan 2 and it alone will raise gas prices 50-75 cents a gallon.

fielderLS3 · 12-24-2012, 09:58 PM

Anyone else notice the large spread between regular and premium recently. It always used to be about 20-30 cents a gallon where I live. Now it is 30 to 50 cents most places. One station in may town is 80 cents a gallon more for 91 than 87. What gives?

Diesel is also lingering at $4 a gallon. Perfect timing, since my family (though fortunately not me personally) got a diesel car last spring.

TaylorRyanSS · 12-25-2012, 02:15 AM

Quote:

Originally Posted by Scott@Bjorn3D

Gas will be around 4.50 to 5.00 for Premium next year. New EPA rules go into effect Jan 2 and it alone will raise gas prices 50-75 cents a gallon.

I was already paying almost $5 a few months ago

CamaroJim56 · 12-25-2012, 12:02 PM

Quote:

Originally Posted by fielderLS3

Anyone else notice the large spread between regular and premium recently. It always used to be about 20-30 cents a gallon where I live. Now it is 30 to 50 cents most places. One station in may town is 80 cents a gallon more for 91 than 87. What gives?

Diesel is also lingering at $4 a gallon. Perfect timing, since my family (though fortunately not me personally) got a diesel car last spring.

My guess is: Gas used to be lets say $2.00 regular, 10% more for premium is 20 cents.

Now lets say Regular is $4.00, 10% more is .40 cents instead of the old 20.

And of course the gas companies are just plain greedy!

upflying · 12-25-2012, 01:44 PM

Install a 5,000 gallon underground tank at your place and fill it with cheap gas. Next spike will go to $5 gallon with all that fiscal cliff stuff going on.

trademaster · 12-25-2012, 02:29 PM

Gas is down because of the fiscal cliff. OPEC kept prices too high, consumers reduced consumption and now OPEC lowers prices to spur consumption through fears of recession which are also reducing energy demand. Gas prices see spikes when there's a fiat "boom" from the fed (dilution/inflation sends all commodity prices up), usually preceding or during the first stages of a recession, but the actions of the fed are undetermined until a deal is made despite the fiscal cliff almost guaranteeing a recession so this is a very different scenario. It doesn't seem like we're going to see a deal before January so you can expect a recession sometime in 2013. To what extent we can't know, that will depend heavily on what kind of deal is eventually made and how long it takes to make it. Oil will likely continue to fall or at least stay low until meaningful action from the Fed.

<<<< Guess what I trade for a living. It's black, viscous and the driving force behind most of our international policy.

12-24-2012, 03:46 PM	#1
SIN R G Drives: 2008 VW R32, 2011 Synergy Green 2SS Join Date: Jul 2010 Location: Randolph, Wisconsin Posts: 1,544	Gas Price Predictions For the last month or so the price of gas has been dropping slowley. I predict that it will continue to drop until the middle of March when it will sharply start to rise. The price will be slightly higher than last year by April 1st because I plan to get the Camaro back out on April 6th provided that the roads have been cleaned off. Now I am not an expert on predicting the price of gas, but I did stay at a Holiday Inn Express last night.

12-24-2012, 03:54 PM	#2
Inferno LSX Supercharged LSX Drives: 2011 2SS/RS Black/Carbon Fiber Join Date: Dec 2010 Location: City of Angels Posts: 6,741 View My Garage	Price drop is from a excess supply and people just drive less during the winter months. Plus refining cost are down due to the winter blends. I'm not a expert but I do work at a major refinery. LOL __________________

12-24-2012, 04:07 PM	#4
ChrisBlair Buick 455 Fan Drives: 1970 Buick, 2012 1SS LS3 Join Date: Jun 2010 Location: Boston MA Posts: 5,957	Let me see...I'm entering a trance...prices will go down...and then up...and then...again down, and later on...later on...up Just kidding. The only thing for sure is that gas prices don't ever go down and stay there to create a lower baseline price. I paid 69 cents a gallon for leaded (!) gas in 1989. Hey, that's what my engine took to lube the top end, and the stations were getting rid of it. Then it was a buck 10 for unleaded, and ten bucks for a can of tetra-ethyl lead every month. Then a buck 50. Buck 75. Two twenty. Never did go back down and stay there. Then you couldn't get the damn lead anymore, used to sell it suspended in kerosene so it wouldn't harm you if you were the spilly type. Them days is all gone, enjoy it while you can __________________

12-24-2012, 04:27 PM	#5
el ess A Older Than Dirt Drives: 2010 & 2013 Camaros Join Date: Apr 2010 Location: Aiken, SC Posts: 4,687	On average, unless there's some upsets somewhere like refinery fires, supply interruptions, etc., I think gas prices will float around where they are now. Give or take a quarter or so for at least the next 6 months. Obviously regional issues will be a factor as well. This is not including the federal gas tax increase some members, er, shall I say some "members" (different context, you figure it out) in Congress are looking for in the near-term. __________________ 2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54

12-24-2012, 04:33 PM	#6
Mr. iNCREDIBLE Drives: 2012 2SS/RS Convertible Join Date: Aug 2012 Location: SoCal Baby... Posts: 2,530	it's just a game.. the oil companies are trying to level out the price to an average of $5 per gallon, so they raise it up; we get pissed; they lower it, but not as low as it was, let is sit a minute and then raise it again; we get pissed, they lower it but again not as low as it was, a continuing cycle until we are fine with it being at the level they want it. Think about it.. in the early 2000s we complained when it hit $2 then in the mid 2000s we complained when it hit $3 but no longer complained about it being over $2 in the late 2000s we complained when it hit $4 but are no longer complaining about it being over $3 in the 2010s we complain when it hits $5 but no longer complain that it stays above $4 for long periods of time, dipping occasionally into the high $3 range for short periods of time. __________________ *I'm only responsible for what I say, not for what you fail to understand.*

12-24-2012, 03:56 PM	#3
dkp2LT Drives: '11 2SS, '11 C6 GS, '04 MDX Join Date: Feb 2012 Location: Kearney, MO Posts: 2,907	Just read an article today that said don't get used to the price drop. Going back up soon.

12-24-2012, 06:35 PM	#8
TheReaper Drives: 2018 Mustang GT Join Date: Jul 2011 Location: Mobile Al Posts: 750	I saw 93 octane Chevron go down to 3.11 early this month and now it's back up to 3.30 and going up again. We don't have Winter blends in the South. The price is controlled by speculators on Wall Street.

12-24-2012, 09:54 PM	#9
Scott@Bjorn3D Drives: Kami, 2013 2SS LS3 Luvin Join Date: Oct 2008 Location: Eufaula, Alabama Posts: 6,427	Gas will be around 4.50 to 5.00 for Premium next year. New EPA rules go into effect Jan 2 and it alone will raise gas prices 50-75 cents a gallon.

12-24-2012, 09:58 PM	#10
fielderLS3 Drives: 2016 Mazda6, 2011 Mustang 5.0 Join Date: Mar 2010 Location: Portage, Wisconsin Posts: 4,049	Anyone else notice the large spread between regular and premium recently. It always used to be about 20-30 cents a gallon where I live. Now it is 30 to 50 cents most places. One station in may town is 80 cents a gallon more for 91 than 87. What gives? Diesel is also lingering at $4 a gallon. Perfect timing, since my family (though fortunately not me personally) got a diesel car last spring. __________________ 2022 1SS 1LE (Arrived 4/29/22) "The car is the closest thing we will ever create to something that is alive." . 2022 1SS 1LE (Coming Soon)

12-25-2012, 01:44 PM	#13
upflying Drives: '86 Monte Carlo SS Join Date: Nov 2010 Location: Reno, NV Posts: 3,119	Install a 5,000 gallon underground tank at your place and fill it with cheap gas. Next spike will go to $5 gallon with all that fiscal cliff stuff going on.

12-25-2012, 02:29 PM	#14
trademaster Drives: 12 MP4-12C, 16 Quattroporte Join Date: Mar 2012 Location: Working Posts: 707	Gas is down because of the fiscal cliff. OPEC kept prices too high, consumers reduced consumption and now OPEC lowers prices to spur consumption through fears of recession which are also reducing energy demand. Gas prices see spikes when there's a fiat "boom" from the fed (dilution/inflation sends all commodity prices up), usually preceding or during the first stages of a recession, but the actions of the fed are undetermined until a deal is made despite the fiscal cliff almost guaranteeing a recession so this is a very different scenario. It doesn't seem like we're going to see a deal before January so you can expect a recession sometime in 2013. To what extent we can't know, that will depend heavily on what kind of deal is eventually made and how long it takes to make it. Oil will likely continue to fall or at least stay low until meaningful action from the Fed. <<<< Guess what I trade for a living. It's black, viscous and the driving force behind most of our international policy.