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PD Moderator	Message Posted: Nov 22, 2010 11:26:39 AM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Monday the national average will be $2.91 while prices in Canada will average 105.2c/L." Taking a look this morning, the average is $2.881 for the U.S. and 105.9c/L in Canada. This isn't as close as I've been in the past couple weeks, so we'll call this prediction "close". I also said last week that prices would fall in MI, OH, IN, WI, IL, and KY for the first half of the week. Prices in most of these areas dropped, some large, some just slightly. Also last week I indicated prices in the Northeast would rise, something that's also happened as local refineries have undergone maintenance at an impressive rate. For this week, we start the Thanksgiving... Visit GasBuddy Blog for full article

Moderator

Message Posted: Nov 22, 2010 11:26:39 AM

Ignore PD Report Abuse

Evaluating last week's prediction for this week, I said "By next Monday the national average will be $2.91 while prices in Canada will average 105.2c/L." Taking a look this morning, the average is $2.881 for the U.S. and 105.9c/L in Canada. This isn't as close as I've been in the past couple weeks, so we'll call this prediction "close".

I also said last week that prices would fall in MI, OH, IN, WI, IL, and KY for the first half of the week. Prices in most of these areas dropped, some large, some just slightly.

Also last week I indicated prices in the Northeast would rise, something that's also happened as local refineries have undergone maintenance at an impressive rate.

For this week, we start the Thanksgiving...

Visit GasBuddy Blog for full article

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arabian143 Rookie Author Ontario Posts:4 Points:2,030 Joined:Nov 2010	Message Posted: Nov 27, 2010 3:10:59 AM Ignore arabian143 Report Abuse oh and in windsor ontario prices are always a joke thanx to the government for taxing it 4999 percent lol
arabian143 Rookie Author Ontario Posts:4 Points:2,030 Joined:Nov 2010	Message Posted: Nov 27, 2010 3:10:24 AM Ignore arabian143 Report Abuse its funny how opec is involved in all of this! kuwait, iraq and iran output so much to the world and thats just 3 countries that! iraq and kuwait now..since they are owned by the US pump the most oil to the US! canada has oil in the north US has oil in the South what the hell is going on then? how does a barrel go up to 80 bucks? because the US is now a business empire all the politicians have these contracts with all these companies to keep prices high and bang the consumer.. what a joke!
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Nov 26, 2010 5:26:21 AM Ignore honda0105 Report Abuse prices have gone up and stayed there so far. Maybe not as big a jump as it has been, but then, with the economy in the dumps, it's not going to be a good for lots of driving anyways.
DrCashFlow Champion Author Massachusetts Posts:7,074 Points:1,628,200 Joined:Jun 2008	Message Posted: Nov 24, 2010 12:38:04 AM Ignore DrCashFlow Report Abuse noise.
Martinman Champion Author Mississippi Posts:14,739 Points:2,093,830 Joined:Sep 2005	Message Posted: Nov 23, 2010 6:36:17 PM Ignore Martinman Report Abuse API inventory forecast today 23 Nov 10: - crude oil forecast to increased 5.2 million barrels - gasoline forecast to decline 499,000 barrels - distillates forecast to decline 311,000 barrels - crude oil down 0.6 @ $81.25 per barrel
sabob Champion Author Pennsylvania Posts:12,501 Points:1,128,270 Joined:Dec 2008	Message Posted: Nov 23, 2010 5:55:55 PM Ignore sabob Report Abuse Diesel fuel dropped 2cents today so they can raise it 10cents tomorrow
Martinman Champion Author Mississippi Posts:14,739 Points:2,093,830 Joined:Sep 2005	Message Posted: Nov 23, 2010 10:50:36 AM Ignore Martinman Report Abuse Let's see, Speedway has stations in the following states: - Wisconsin (73 stations) - Illinois (92 stations) - Michigan (292 stations) - Indiana (225 stations) - Kentucky (130 stations) - Ohio (447 stations) Yet the adjacent states do not: - Minnesota (0 stations) - Iowa (0 stations) - Missouri (0 stations) - Arkansas (0 stations) - Tennessee (0 stations) - Virginia (0 stations) - West Virginia (44 stations) - Maryland (0 stations) - Pennsylvania (0 stations) - New York (0 stations) Wow. That's funny, with the exception of West Virginia, it matches the "forecast" area exactly. You know, I can reliably "predict" that gasoline prices will decline between Saturday and Monday, and increase sharply between Tuesday and Friday, in St. Louis - with ~80% accuracy - as I could for Akron Ohio, Champaign Illinois, Fort Wayne Indiana, Grand Rapids Michigan, and Lexington Kentucky. What you're doing, is nothing more than posting what some people already know, that Marathon Oil (via Speedway) is going to jack prices nearly every week, on Tuesday or Wednesday based upon the API crude oil/refined products inventory report. If the API report shows a draw-down, price increases usually occur on Tuesday. IF the API report shows little change or small increases, but the EIA report on Wednesday shows a decline, the price change occurs on Wednesday. If both reports are neutral, but crude oil has been climbing, the price change happens on Thursday. If all three indicators are positive (API neutral to increasing supplies, EIA neutral to increasing supplies, crude oil declining), the next "spike" is rolled over to the following week. This pattern rarely goes beyond the third week. Just like clock-work.
Martinman Champion Author Mississippi Posts:14,739 Points:2,093,830 Joined:Sep 2005	Message Posted: Nov 23, 2010 9:43:46 AM Ignore Martinman Report Abuse So when is "guessing", news? And by SPECULATING about prices trends, aren't you contributing to the volatility in fuel prices, compounding the problem?
turbodog Champion Author Mississippi Posts:6,761 Points:1,363,415 Joined:Feb 2009	Message Posted: Nov 23, 2010 7:10:13 AM Ignore turbodog Report Abuse Good
MUSTANGSRUS Champion Author Ontario Posts:7,558 Points:1,544,415 Joined:Sep 2006	Message Posted: Nov 23, 2010 6:47:36 AM Ignore MUSTANGSRUS Report Abuse Aren't most of the readers of the site - Americans - that you don't live in Canada. Me, I'm glad that we don't live in England. They really pay through the nose.
nb52 Champion Author Grand Rapids Posts:7,785 Points:1,547,825 Joined:Nov 2008	Message Posted: Nov 23, 2010 6:42:17 AM Ignore nb52 Report Abuse Good news...kinda.
DrivingFool2 Champion Author Appleton Posts:8,592 Points:1,606,090 Joined:Apr 2005	Message Posted: Nov 23, 2010 6:41:07 AM Ignore DrivingFool2 Report Abuse HAPPY THANKSGIVING from your oil producers and refiners
cbrpilot All-Star Author Ohio Posts:863 Points:587,115 Joined:Nov 2008	Message Posted: Nov 23, 2010 6:38:50 AM Ignore cbrpilot Report Abuse Prices went from $2.65 to $2.89 yesterday while I was at work. Was going to top off but oh well. What really torques me is I haven't seen squat about oil prices going up, and while the oil companies are making money hand over fist, they want to do the customary price increase before Thanksgiving. Now they say this is supply/demand because of all the demand on Thanksgiving, but c'mon people, can you at least take the holidays off when you're bending us over the barrel every day? I also just love how the price at the pump jumps up a quarter or more at a time and trickles down over two weeks until they decide to do it again. Gas prices are no way that volatile; it's just the speculators keeping the anxiety going. Well, a lump of coal to them all (or a lump of granite; hurts more)!
fordfan1 Champion Author Indiana Posts:9,097 Points:1,891,990 Joined:Jul 2007	Message Posted: Nov 23, 2010 6:37:25 AM Ignore fordfan1 Report Abuse They went up here in Fort Wayne for the Thanks Giving holiday to $2.89 a gallon. The prices had fallen back to $2.71 a gallon at most stations.
ironbox_sara Champion Author Albany Posts:9,596 Points:2,239,730 Joined:Mar 2006	Message Posted: Nov 23, 2010 6:35:45 AM Ignore ironbox_sara Report Abuse $2.49? Lucky for you!
slgas Champion Author Houston Posts:6,035 Points:1,562,765 Joined:Oct 2008	Message Posted: Nov 23, 2010 6:33:35 AM Ignore slgas Report Abuse Local price fell to $2.49 yesterday.
JoJoQc Champion Author Montreal Posts:5,336 Points:1,040,155 Joined:May 2010	Message Posted: Nov 23, 2010 6:33:15 AM Ignore JoJoQc Report Abuse Keep it down!
silverfox63 Champion Author Michigan Posts:8,125 Points:1,612,690 Joined:Oct 2008	Message Posted: Nov 23, 2010 6:33:11 AM Ignore silverfox63 Report Abuse Prices are still higher then last year, but there really is not much we can do but conserve.
dhawk24 Champion Author Maine Posts:7,805 Points:1,593,710 Joined:Jul 2008	Message Posted: Nov 23, 2010 6:32:36 AM Ignore dhawk24 Report Abuse Anybody can make predictions and come close. I can remember when a monkey picked football games and would do better than the analysts.
Bonanza Champion Author Boston Posts:12,093 Points:2,551,980 Joined:Jun 2004	Message Posted: Nov 23, 2010 6:31:08 AM Ignore Bonanza Report Abuse Don't see any drop around here
Pozole Champion Author Portland Posts:9,603 Points:1,595,495 Joined:Mar 2005	Message Posted: Nov 23, 2010 6:30:46 AM Ignore Pozole Report Abuse ...speculators are constantly scurrying just like rats...GET THEM ! ! !...
Don1222 Champion Author Michigan Posts:7,802 Points:1,089,855 Joined:Jul 2008	Message Posted: Nov 23, 2010 6:29:22 AM Ignore Don1222 Report Abuse Keep it down
TommyTraveler Champion Author Cincinnati Posts:8,684 Points:1,699,280 Joined:Nov 2007	Message Posted: Nov 23, 2010 6:29:16 AM Ignore TommyTraveler Report Abuse The price fixers raised gasoline up .30 a gallon here yesterday. When America was for the people by the people these thugs would have wound up in court for violating the anti-trust laws o the US. Now with the corrupt establishment its business as usual. WE have no one to blame but ourselves for the road of apathy we have taken.
fillerupyeoww Champion Author Columbus Posts:5,885 Points:1,650,415 Joined:Mar 2008	Message Posted: Nov 23, 2010 6:28:56 AM Ignore fillerupyeoww Report Abuse Right on! Keep 'em coming.
gamalerin Champion Author Tampa Posts:4,757 Points:994,485 Joined:Jul 2010	Message Posted: Nov 23, 2010 6:27:20 AM Ignore gamalerin Report Abuse speculation
Dancin Champion Author Toronto Posts:5,510 Points:2,082,255 Joined:Mar 2004	Message Posted: Nov 23, 2010 6:27:02 AM Ignore Dancin Report Abuse It doesn't fall much in Toronto. Predicting gas prices is a very dicey proposition at the best of times. Good luck !
subnuke Champion Author Atlanta Posts:7,503 Points:1,509,140 Joined:Sep 2008	Message Posted: Nov 23, 2010 6:24:46 AM Ignore subnuke Report Abuse Still drifting down here.
gasandgoAL Champion Author Alabama Posts:7,156 Points:1,590,640 Joined:Sep 2008	Message Posted: Nov 23, 2010 6:23:38 AM Ignore gasandgoAL Report Abuse went up 10 cents, came down 2 cents
Asbury09 Champion Author Iowa Posts:7,218 Points:1,531,280 Joined:Jan 2009	Message Posted: Nov 23, 2010 6:23:07 AM Ignore Asbury09 Report Abuse I hope this prediction is true
rosyLI Champion Author Long Island Posts:5,640 Points:1,069,580 Joined:Apr 2010	Message Posted: Nov 23, 2010 6:22:45 AM Ignore rosyLI Report Abuse Prices at the pump are up.
Ringmaster2008 Champion Author Ontario Posts:7,583 Points:1,164,760 Joined:Apr 2008	Message Posted: Nov 23, 2010 6:22:28 AM Ignore Ringmaster2008 Report Abuse More speculation
dar 1 Champion Author Michigan Posts:5,898 Points:446,390 Joined:Jan 2005	Message Posted: Nov 23, 2010 6:21:53 AM Ignore dar 1 Report Abuse 4.00 gas by summer?????????????????????/
bridgerunner Champion Author Virginia Posts:4,792 Points:1,007,810 Joined:Jul 2009	Message Posted: Nov 23, 2010 6:21:07 AM Ignore bridgerunner Report Abuse The prices are always going up.
AvantiMick Champion Author Indiana Posts:12,747 Points:2,543,520 Joined:Dec 2005	Message Posted: Nov 23, 2010 6:17:55 AM Ignore AvantiMick Report Abuse Speculators are killing the consumer!!
pitamon Champion Author Philadelphia Posts:4,909 Points:1,827,335 Joined:Sep 2004	Message Posted: Nov 23, 2010 6:15:04 AM Ignore pitamon Report Abuse I'm sure it will be over $3 before the end of the year.
Bou Champion Author Maine Posts:12,213 Points:2,668,340 Joined:Jan 2005	Message Posted: Nov 23, 2010 6:13:25 AM Ignore Bou Report Abuse Crystal ball quessing.
rjd1608 Champion Author Toledo Posts:5,366 Points:1,930,980 Joined:Aug 2003	Message Posted: Nov 23, 2010 6:12:21 AM Ignore rjd1608 Report Abuse in toledo gas prices went up monday while oil prices fell
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,210 Joined:Sep 2005	Message Posted: Nov 23, 2010 6:11:56 AM Ignore gassy4u Report Abuse Hogwash.
Petrock Champion Author Lexington Posts:9,128 Points:2,558,735 Joined:Apr 2005	Message Posted: Nov 23, 2010 6:10:47 AM Ignore Petrock Report Abuse The price of gas here in Central Kentucky "bumped" up $0.17 a gallon yesterday. Not exactly a price drop!
rogerparry Champion Author Florida Posts:9,565 Points:1,917,405 Joined:Jan 2008	Message Posted: Nov 23, 2010 6:07:05 AM Ignore rogerparry Report Abuse The prices are too high.
Hunter724 Champion Author New Hampshire Posts:8,126 Points:1,647,050 Joined:Sep 2008	Message Posted: Nov 23, 2010 6:04:11 AM Ignore Hunter724 Report Abuse A couple of stations have dropped price 10 cents a gallon...
NJColt Champion Author New Jersey Posts:12,645 Points:2,643,960 Joined:Aug 2005	Message Posted: Nov 23, 2010 5:59:20 AM Ignore NJColt Report Abuse Won't be going down anytime soon.
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Nov 23, 2010 5:56:45 AM Ignore TerryLee Report Abuse Duh,, I can give you that now.. Holiday weekend --> prices are going up ---> DUH
jwalkerh Champion Author Louisiana Posts:6,135 Points:1,369,130 Joined:Oct 2008	Message Posted: Nov 23, 2010 5:56:06 AM Ignore jwalkerh Report Abuse Up and down but mostly up...
BM4225 Champion Author Atlanta Posts:10,124 Points:2,095,270 Joined:Aug 2006	Message Posted: Nov 23, 2010 5:55:08 AM Ignore BM4225 Report Abuse Well I am waiting for the drop here.
PADI Champion Author Ontario Posts:5,144 Points:1,261,870 Joined:Nov 2008	Message Posted: Nov 23, 2010 4:14:00 AM Ignore PADI Report Abuse More speculation.
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Nov 23, 2010 4:12:38 AM Ignore AuburnTim Report Abuse Whatever price here jumped eleven cents today which puts it right back up to where it was when crude was at $86 a barrel and crude is now at $81. Greed dam it greed is all its about anymore.Have a frickin nice Thanksgiving big oil while many won't thanks to you
vulcan96 Champion Author Ohio Posts:26,926 Points:3,104,650 Joined:Aug 2004	Message Posted: Nov 23, 2010 4:09:43 AM Ignore vulcan96 Report Abuse prices in my area shot up today
rippertoo Champion Author Tacoma Posts:5,760 Points:1,142,810 Joined:Jan 2010	Message Posted: Nov 23, 2010 4:07:08 AM Ignore rippertoo Report Abuse WOOHOO!!!
Gonz82 Sophomore Author Illinois Posts:232 Points:63,625 Joined:Oct 2010	Message Posted: Nov 23, 2010 3:58:38 AM Ignore Gonz82 Report Abuse Good to hear that they think gas prices will fall in IL, I plan on traveling back home & I was just telling my mom today I filled up for 2.87 & she was like "that is a great price", yet she didn't know that was premium, lol.