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PD Moderator	Message Posted: Nov 1, 2010 2:01:35 PM Ignore PD Report Abuse It's Monday and time to evaluate last week's prediction for the Weekly Gasoline Price Outlook! Last week I forecasted that average prices would "fall slightly" to $2.79 in the U.S. and 103c/L in Canada. Well, prices did drop, but to $2.80 in the U.S. and to 103.4c/L in Canada. We'll call that very close on the prediction. This week looks to feature falling prices for the early part of the week (now), but we'll likely see prices rise as the week continues. Economic conditions and a weaker dollar are the two things influencing prices higher so far this week. News of the Fed Reserve buying treasuries is pushing the dollar lower, which pressures oil prices to move higher. I believe that Midwestern states (MI, OH, IN, MN, KY... Visit GasBuddy Blog for full article

Moderator

Message Posted: Nov 1, 2010 2:01:35 PM

Ignore PD Report Abuse

It's Monday and time to evaluate last week's prediction for the Weekly Gasoline Price Outlook! Last week I forecasted that average prices would "fall slightly" to $2.79 in the U.S. and 103c/L in Canada. Well, prices did drop, but to $2.80 in the U.S. and to 103.4c/L in Canada. We'll call that very close on the prediction.

This week looks to feature falling prices for the early part of the week (now), but we'll likely see prices rise as the week continues. Economic conditions and a weaker dollar are the two things influencing prices higher so far this week. News of the Fed Reserve buying treasuries is pushing the dollar lower, which pressures oil prices to move higher.

I believe that Midwestern states (MI, OH, IN, MN, KY...

Visit GasBuddy Blog for full article

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mumblefrog86 Rookie Author Toronto Posts:20 Points:3,525 Joined:Nov 2010	Message Posted: Nov 17, 2010 8:26:06 AM Ignore mumblefrog86 Report Abuse outlook not so good gas skyrocketing
OHMS Champion Author Orange County Posts:13,712 Points:1,690,905 Joined:May 2005	Message Posted: Nov 9, 2010 2:09:50 PM Ignore OHMS Report Abuse oops; how did the old one pop up atop the news articles??
1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Nov 9, 2010 6:39:59 AM Ignore 1006 Report Abuse is there any benefit here
1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Nov 7, 2010 6:44:23 AM Ignore 1006 Report Abuse are you kidding me - what in the
bandanasusie Rookie Author Indiana Posts:2 Points:4,015 Joined:Aug 2009	Message Posted: Nov 6, 2010 2:33:37 PM Ignore bandanasusie Report Abuse I still think the best deal in fuel is the Kroger points usable at Shell
1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Nov 6, 2010 8:19:48 AM Ignore 1006 Report Abuse it sure is not headed down my friend.
1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Nov 5, 2010 6:35:56 AM Ignore 1006 Report Abuse what does that mean
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Nov 4, 2010 6:09:57 AM Ignore honda0105 Report Abuse forecast, smorecast...
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,626,150 Joined:Jun 2008	Message Posted: Nov 3, 2010 11:51:52 PM Ignore DrCashFlow Report Abuse noise.
1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Nov 2, 2010 8:07:16 PM Ignore 1006 Report Abuse forecasts are always fun to laugh at.
doctorindyj Champion Author Santa Fe Posts:3,448 Points:838,835 Joined:Nov 2009	Message Posted: Nov 2, 2010 2:34:04 PM Ignore doctorindyj Report Abuse I very rarely put stock in predictions but I appreciate the info. I just want to know when sanity will make a comeback and supply and demand will actually mean something again.
SVmike Champion Author California Posts:1,569 Points:319,195 Joined:Dec 2009	Message Posted: Nov 2, 2010 1:57:34 PM Ignore SVmike Report Abuse Predictions would mean more if the author gave his week-by-week track record over a year to see if he has better than a 50% prediction record
tomok Champion Author Portland Posts:32,985 Points:2,344,535 Joined:Aug 2006	Message Posted: Nov 2, 2010 1:37:37 PM Ignore tomok Report Abuse Gasoline is still too high priced at the pump.
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Nov 2, 2010 12:04:31 PM Ignore nervous Report Abuse no fundamentals supply and demand behind this what so ever. it's OPEC's cutting supply by half to what it was a couple of years ago and also dictating the price of the barrel. wait until Iran detinates it's first nuke. $200-$300 barrel and we still haven't done nothing here for independance on all of the above energy. to many lawery's filing lawsuits. so the price of gas will be, well i don't want to wonder if well be living the lives like the movie the road warriors.
djliberty All-Star Author Chicago Posts:966 Points:317,310 Joined:Mar 2008	Message Posted: Nov 2, 2010 11:13:27 AM Ignore djliberty Report Abuse looks like a rise in the future
bigsranch Champion Author Houston Posts:3,141 Points:1,004,505 Joined:Apr 2007	Message Posted: Nov 2, 2010 9:46:12 AM Ignore bigsranch Report Abuse Prices dropped a smidge here about 2 wks ago. Steady since. Diesel is unnaturally stable, although that is good for the prices of everything that's moved by truck.
remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Nov 2, 2010 8:34:00 AM Ignore remay Report Abuse We'll see...
Jarod13 Champion Author Virginia Posts:3,491 Points:1,409,930 Joined:Oct 2008	Message Posted: Nov 2, 2010 7:39:48 AM Ignore Jarod13 Report Abuse Prices will continue to skyrocket upwards. The oil pundits have way too much power, along with the politicians they have in their pockets. This is very evident, since our elected officials haven't passed any legislation to prohibit racketeering in this area.
weenerdog Champion Author Detroit Posts:9,456 Points:1,883,915 Joined:Jan 2008	Message Posted: Nov 2, 2010 6:56:46 AM Ignore weenerdog Report Abuse I dont want to see a price increase
turbodog Champion Author Mississippi Posts:6,751 Points:1,361,465 Joined:Feb 2009	Message Posted: Nov 2, 2010 6:53:02 AM Ignore turbodog Report Abuse Yep
mr4bill All-Star Author New Jersey Posts:716 Points:1,184,910 Joined:Aug 2006	Message Posted: Nov 2, 2010 6:47:23 AM Ignore mr4bill Report Abuse Prices are not falling by me, they are going up (North Jersey)
LoneGuy Champion Author Lansing Posts:8,475 Points:2,317,020 Joined:Aug 2005	Message Posted: Nov 2, 2010 6:45:17 AM Ignore LoneGuy Report Abuse It seems to be so much about timing and keeping a sense in the wind to see what is coming. I wonder what the election will do to affect the prices? More "change!" or gridlock?
lindact Champion Author New Haven Posts:8,731 Points:1,715,995 Joined:May 2008	Message Posted: Nov 2, 2010 6:41:18 AM Ignore lindact Report Abuse Ptices have been slowly rising here.
racerdj Champion Author Indianapolis Posts:9,810 Points:2,055,600 Joined:Jun 2003	Message Posted: Nov 2, 2010 6:39:52 AM Ignore racerdj Report Abuse Higher and I did not research the facts.
fordfan1 Champion Author Indiana Posts:9,087 Points:1,890,040 Joined:Jul 2007	Message Posted: Nov 2, 2010 6:39:40 AM Ignore fordfan1 Report Abuse Going up like it has been for the last month or so. It looks like Christmas will not be so nice in my household with having to spend way to much for gas right now!
Redink Champion Author Indianapolis Posts:7,190 Points:1,299,020 Joined:Aug 2005	Message Posted: Nov 2, 2010 6:39:25 AM Ignore Redink Report Abuse Prices should be up today basedon oil price increases.
WonderfulMI Champion Author Michigan Posts:11,642 Points:1,785,935 Joined:Jun 2008	Message Posted: Nov 2, 2010 6:38:52 AM Ignore WonderfulMI Report Abuse High gas prices are a good economic indicator of a good economy.
paoli8 Champion Author Philadelphia Posts:7,077 Points:1,819,540 Joined:Jul 2007	Message Posted: Nov 2, 2010 6:38:26 AM Ignore paoli8 Report Abuse Its doubtful that gas prices will drop, until the dollar strengthens.
fillerupyeoww Champion Author Columbus Posts:5,874 Points:1,648,465 Joined:Mar 2008	Message Posted: Nov 2, 2010 6:37:08 AM Ignore fillerupyeoww Report Abuse Up, up and away. Oh by the way, no COL increase for you this year.
mark1962 Champion Author Albany Posts:5,731 Points:1,264,515 Joined:Sep 2009	Message Posted: Nov 2, 2010 6:36:53 AM Ignore mark1962 Report Abuse slight is right
silverfox63 Champion Author Michigan Posts:8,115 Points:1,610,740 Joined:Oct 2008	Message Posted: Nov 2, 2010 6:35:24 AM Ignore silverfox63 Report Abuse The price of gas will go up soon here sense the price of crude jumped greatly yesterday.
AvantiMick Champion Author Indiana Posts:12,737 Points:2,541,570 Joined:Dec 2005	Message Posted: Nov 2, 2010 6:35:09 AM Ignore AvantiMick Report Abuse Why read this?? Speculators are running the show.
rogerparry Champion Author Florida Posts:9,555 Points:1,915,455 Joined:Jan 2008	Message Posted: Nov 2, 2010 6:34:11 AM Ignore rogerparry Report Abuse Any excuse to raise prices.
rbrowdersr Champion Author Detroit Posts:5,718 Points:1,818,800 Joined:Aug 2006	Message Posted: Nov 2, 2010 6:33:35 AM Ignore rbrowdersr Report Abuse Outlook: dowm .05 cents - up .20 cents.
bad_sailor Champion Author London Posts:7,773 Points:1,672,370 Joined:Dec 2007	Message Posted: Nov 2, 2010 6:32:49 AM Ignore bad_sailor Report Abuse Speculation at work.
mandoid Champion Author Colorado Springs Posts:7,302 Points:1,526,220 Joined:May 2008	Message Posted: Nov 2, 2010 6:31:47 AM Ignore mandoid Report Abuse 2.65 at my station for a while
ironbox_sara Champion Author Albany Posts:9,586 Points:2,237,780 Joined:Mar 2006	Message Posted: Nov 2, 2010 6:31:04 AM Ignore ironbox_sara Report Abuse Predict $25 a barrel.
ttwiw Champion Author Austin Posts:2,166 Points:1,634,310 Joined:Sep 2005	Message Posted: Nov 2, 2010 6:27:11 AM Ignore ttwiw Report Abuse Prices haven't changed here in central TX
toojeep4u Rookie Author Ohio Posts:34 Points:188,455 Joined:May 2007	Message Posted: Nov 2, 2010 6:26:49 AM Ignore toojeep4u Report Abuse Indeed it will be interesting to see what happens after tonight.
dave364 Champion Author Lansing Posts:4,943 Points:1,436,425 Joined:Nov 2007	Message Posted: Nov 2, 2010 6:25:51 AM Ignore dave364 Report Abuse right baitmm
skippypa Champion Author Hawaii Posts:8,471 Points:1,739,955 Joined:Jun 2008	Message Posted: Nov 2, 2010 6:25:08 AM Ignore skippypa Report Abuse If the Republicans take control of the Congress gas prices will sky rocket like they did during the Bush years. The US will fall into a deeper recession like during the Bush administration.
MUSTANGSRUS Champion Author Ontario Posts:7,558 Points:1,544,315 Joined:Sep 2006	Message Posted: Nov 2, 2010 6:23:59 AM Ignore MUSTANGSRUS Report Abuse I hate predictions of gas prices increasing because it usually comes true.
slgas Champion Author Houston Posts:6,025 Points:1,561,565 Joined:Oct 2008	Message Posted: Nov 2, 2010 6:19:50 AM Ignore slgas Report Abuse $2.59 in Staunton VA right now.
dar 1 Champion Author Michigan Posts:5,888 Points:445,940 Joined:Jan 2005	Message Posted: Nov 2, 2010 6:19:41 AM Ignore dar 1 Report Abuse Gas may be very expensive next summer????????????????????
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Nov 2, 2010 6:19:13 AM Ignore Lukus Report Abuse Let us see what the US election does to prices.
DellDude2 Champion Author Nashville Posts:9,401 Points:2,120,785 Joined:Aug 2005	Message Posted: Nov 2, 2010 6:13:34 AM Ignore DellDude2 Report Abuse We've been slowly dropping, then stopping, then dropping again over 2 weeks now, down to $2.53 today.
Bonanza Champion Author Boston Posts:12,081 Points:2,550,030 Joined:Jun 2004	Message Posted: Nov 2, 2010 6:13:11 AM Ignore Bonanza Report Abuse I have not seen any price drop;if anything,its up somewhat and the Holidays are upon us
rowing Champion Author Macon Posts:1,075 Points:940,985 Joined:Sep 2009	Message Posted: Nov 2, 2010 6:12:49 AM Ignore rowing Report Abuse The government predictions is making matters worse on the price of gas!
smokinjoe54 Champion Author Ohio Posts:4,713 Points:911,560 Joined:Feb 2010	Message Posted: Nov 2, 2010 6:12:31 AM Ignore smokinjoe54 Report Abuse Prices went up here over the weekend.
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Nov 2, 2010 6:09:22 AM Ignore TerryLee Report Abuse Hope to get some of the DEMS out today