Gas Price Predictions

[DaBears]

Originally Posted by SIN R G

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.

Dafuq?

[fielderLS3]

Originally Posted by trademaster

Gas prices see spikes when there's a fiat "boom" from the fed (dilution/inflation sends all commodity prices up),

Thank you...I'm not the only one who says it. Gas has not gone up in recent years, the dollar with which it is purchased has gone down. Oil has actually lagged behind most of the major commodities during the more recent run-ups. In terms of gold, gas today is cheaper now than even at the low point in the late 90s, and only about one third of what it was in the 60s.

[Neriah]

Originally Posted by fielderLS3

Thank you...I'm not the only one who says it. Gas has not gone up in recent years, the dollar with which it is purchased has gone down. Oil has actually lagged behind most of the major commodities during the more recent run-ups. In terms of gold, gas today is cheaper now than even at the low point in the late 90s, and only about one third of what it was in the 60s.

Gas is cheap. Everyone just likes to complain. Refining margins are actually at a negative right now, at least it is at the refinery I work at in Cali. Consuption is down and Supply is up.

[DarkneSS]

Originally Posted by fielderLS3

Thank you...I'm not the only one who says it. Gas has not gone up in recent years, the dollar with which it is purchased has gone down. Oil has actually lagged behind most of the major commodities during the more recent run-ups. In terms of gold, gas today is cheaper now than even at the low point in the late 90s, and only about one third of what it was in the 60s.

But people are not making what they did in the 90s. Minimum wage, and lower wages jobs in general have not kept up with inflation.

[Camaro_Corvette]

Price will go back up after the holidays. Just like it goes back up every other Thursday. They know we can afford it at 3 something a gallon. No reason to bring it down.

[SIN R G]

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.

Yes I have noticed this also, and the gas station in my town used to show the price of premium. But they have all changed their signs and no longer show the price of premium. Also one station could be even 30 or 40 cents higher than the other.

[2010-1SS-IBM]

I think gas prices go down. Demand is shrinking in the US, and new deposits of both oil and gas are being found and tapped. If we would stop devaluing our own currency, things could be really great.

[Brian 1LE SS]

I think they will stay about the same, unless a war breaks out in the middle east.

[dorfmac]

Maybe large difference in price between regular and premium is so that the proceeds average out? Most people use regular, so keep that lower than you usually would to appease the majority. The people who are required to use premium will do so because they have no other choice, so raise the price on that to make up for cheaper regular because its not an option for the consumer?

Gas station makes out the same, the average person is happy and keeps coming back, the premium users have no choice either way, so they come back too.

[trademaster]

The disparity in price from premium to regular is because of variable demand shifts and the inherent difference in supply changes because of how each respective grade is produced. Premium and regular are made up of the same substances with different concentrations. 87, 89, 91 and 93 octane have different elasticities of demand so shifts in price impact their demand differently and vice versa

[05stram]

Originally Posted by Neriah

Gas is cheap. Everyone just likes to complain. Refining margins are actually at a negative right now, at least it is at the refinery I work at in Cali. Consuption is down and Supply is up.

When a market controls its product from extraction to dispensing then any market condition is a creation of it's own doing. Gov regulation is the most lax it has been since the 1940s. Consumption is lower than it has been since the 80s and speculation controlled by supplier is greatest it has been ever. We the people continue to subsidize a market that controls ever facet of its own profit margin and continues to reap the benefits of being one of only four industries in the world to continue to push its profit margin to a new percentage point whenever IT deems necessary. So now you understand why EVERYONE just likes to complain.