2014 Gasoline Price Forecast

[xBiffx]

Look for another prediction failure from Nostradumass.

ROFL. I lost it.

BTW, seeing around $2.75 here.

Also, putting oil back in a pipe where it belongs is going to allow us to re-prioritize better things for rail, like food. If the pipeline goes through, food prices will drop after that.

 

[Engineer]

Gas had fallen to as low as $2.71 here in Lexington but just took the big spike up (as usual) to $3.09.

Same ole up spike - trickle down shit here.

 

[AznAnarchy99]

$2.95 at CostCo today. I don't need to fill up but I kind of want to for the hell of it lmao.

 

[dmcowen674]

Gas had fallen to as low as $2.71 here in Lexington but just took the big spike up (as usual) to $3.09.

Same ole up spike - trickle down shit here.

After Election spike?

Now with all the Fracking Oil going offline who knows how high oil and gas will go.

How high does the Republicans want it?

 

[DucatiMonster696]

After Election spike?

Now with all the Fracking Oil going offline who knows how high oil and gas will go.

How high does the Republicans want it?

A bullshit quote that demonstrates your lack of understanding as to who really has a say in the oil markets. The fact is this drop in oil prices has two causes, lack of global demand in relation to supply from new sources of oil and the Saudis realizing that high oil prices endangers their relevancy and market share as a primarily oil producing nation.

 

[dmcowen674]

Originally Posted by dmcowen674
After Election spike?

Now with all the Fracking Oil going offline who knows how high oil and gas will go.

How high does the Republicans want it?

A bullshit quote that demonstrates you lack of understanding as too who really has a say in the oil markets. The fact is this drop in oil prices has two causes, lack of global demand in relation to supply from new sources of oil and the Saudis realizing that high oil prices endangers their relevancy and market share as a primarily oil producing nation.

What does the bullshit you just spewed have to do with the 30 cent jump in gas prices that Engineer and I see once again?

 

[dmcowen674]

Meanwhile:

11-5-2014

http://finance.yahoo.com/news/emboldened-republicans-strike-early-keystone-203042580.html

Emboldened Republicans to strike early on Keystone pipeline approval



Senate Republicans will charge ahead early in 2015 with a bill to approve the long-stalled Keystone XL oil pipeline from Canada, a move that would back President Barack Obama into a corner and set the tone for how the party taking control of Congress will govern the next two years.


The $8 billion project, which would deliver heavy Canadian oil sands crude from Alberta to Nebraska and make it easier to deliver oil from North Dakota's Bakken region to the U.S. Gulf Coast, has languished for six years awaiting presidential approval, which is needed because the pipeline crosses a national border.


Legislation earlier this year to approve the pipeline in a proposed end-run around the administration already had an estimated 57 votes in the 100-member Senate, and is now thought to have a filibuster-proof 61 votes after Republican gains in Tuesday's mid-term elections.

McConnell said Wednesday he is prepared to play hardball on Republican priorities, such as battling EPA carbon regulations.

He said he would go after the EPA's "war on coal" by using riders on spending measures, which he said was "the best tool available."

 

[DucatiMonster696]

Originally Posted by dmcowen674
After Election spike?

Now with all the Fracking Oil going offline who knows how high oil and gas will go.

How high does the Republicans want it?



What does the bullshit you just spewed have to do with the 30 cent jump in gas prices that Engineer and I see once again?

So you're predicting 10 dollar gasoline again? LOL. Hint genius the reason why those fracking sites are going offline has to do with the price plummeting. Of which was the result of the Saudis and Kuwait refusing to cut back on production because they were losing market share to not only to the fracking boom but they were also making non-oil sources look very attractive to nations which are heavily dependent on oil. Hence the moment prices start to climb those wells will become profitable and will re-open. However this is something the Saudis do not want to see because that erodes their market share and politically it makes them less relevant in the long term.

Which explains why the Saudis have basically announced a price discount for the US while pretending that they are not pushing a price war for oil market share. Which is a move that not only helps them retain market share but demonstrates their usefulness to the US in economically hurting other oil producing nations (i.e. their competitors) such as Iran, Russia, Venezuela, etc who have lukewarm, if not very frosty relations with the US while attempting to halt the fraking boom in the US and the drive to move to non-oil related sources of fuel and energy production.

 

[DucatiMonster696]

Meanwhile:

11-5-2014

http://finance.yahoo.com/news/emboldened-republicans-strike-early-keystone-203042580.html

Emboldened Republicans to strike early on Keystone pipeline approval



Senate Republicans will charge ahead early in 2015 with a bill to approve the long-stalled Keystone XL oil pipeline from Canada, a move that would back President Barack Obama into a corner and set the tone for how the party taking control of Congress will govern the next two years.


The $8 billion project, which would deliver heavy Canadian oil sands crude from Alberta to Nebraska and make it easier to deliver oil from North Dakota's Bakken region to the U.S. Gulf Coast, has languished for six years awaiting presidential approval, which is needed because the pipeline crosses a national border.


Legislation earlier this year to approve the pipeline in a proposed end-run around the administration already had an estimated 57 votes in the 100-member Senate, and is now thought to have a filibuster-proof 61 votes after Republican gains in Tuesday's mid-term elections.

McConnell said Wednesday he is prepared to play hardball on Republican priorities, such as battling EPA carbon regulations.

He said he would go after the EPA's "war on coal" by using riders on spending measures, which he said was "the best tool available."

This doesn't even remotely support your claim of the GOP somehow magically are pushing up the price of oil. In fact all this move does is to help to flood the global market with more oil which is going to put pressure on the price of oil to move down, rather than up and put nations like Saudi Arabia in position where they will have to continue to be more competitive with their prices for oil or else they start to lose global market share.

 

[dmcowen674]

So you're predicting 10 dollar gasoline again?

You tell me.

You are acting like your a genius and know what these Thugs have in mind.

Oil is at $77 and Gas is going up again.

 

[dmcowen674]

This doesn't even remotely support your claim of the GOP somehow magically are pushing up the price of oil. In fact all this move does is to help to flood the global market with more oil which is going to put pressure on the price of oil to move down, rather than up and put nations like Saudi Arabia in position where they will have to continue to be more competitive with their prices for oil or else they start to lose global market share.

So you are trying to claim that oil will go down despite losing domestic oil and having to import from Saudi Arabia again?

Have to see this to believe it.

You must like being wrong.

In the meantime they are already raising gasoline.

 

[dmcowen674]

Here is somebody that agrees with me.

You can contact him if you think he is wrong too but I doubt you will

http://finance.yahoo.com/video/super-spike-oil-coming-dicker-182834007.html

Dan Dicker is president of MercBloc and author of Oil’s Endless Bid says despite the current bear market, a super-spike is coming

 

[Londo_Jowo]

Gas prices holding steady here with 5.stations under $2.60/gal.

 

[Londo_Jowo]

Here is somebody that agrees with me.

You can contact him if you think he is wrong too but I doubt you will

Dan Dicker is president of MercBloc

LMAO!!!! McOwned giving props to one of the people who makes money off of oil.

Looks like he's trying his best to get oil prices to recover.

http://www.newsmax.com/Finance/Dicker-oil-140-WTI/2014/10/01/id/598081/

MercBloc's Dicker: Oil 'On Its Way to $140' a Barrel

 

[dmcowen674]

Hysterical, if I fart will that raise prices too?

I don't know of anyone that uses oil to heat homes in the Midwest. That's something only the Northeast does and they have been converting to gas.

So here they are raising prices saying they are worried that oil supplies will drop because it's cold while at same time spewing how there is a huge glut of oil. Love how these Thugs have it both ways.

That is why I post calling out their bullshit.


11-8-2014

http://finance.yahoo.com/news/brent-drops-below-83-u-065813428.html

Oil rebounds on cold snap in U.S. Midwest, Ukraine concerns





Oil prices climbed about a dollar on Friday, capping off a bearish week with a rally driven by in part by concerns about a collapse of the Ukrainian ceasefire and forecasts of unseasonably cold temperatures in the U.S. Midwest.

The Ukrainian military accused Russia of sending 32 tanks and truckloads of troops across the border, which if true would signal an end to the lull in violence between the two countries. Renewed fighting in the region could disrupt oil flows, throttle supply, and drive worldwide prices up.


Frigid forecasts for the U.S. Midwest driven by a polar vortex in the next two weeks boosted the market for heating oil, indirectly boosting demand for crude oil which can be refined to heat homes.


Increasing supplies of crude oil from North American shale formations have weighed heavily on prices this year, creating a glut in world markets and decreasing demand for oil from the Organization of the Petroleum Exporting Countries.


OPEC forecast on Thursday that its market share would be 5 percent smaller by 2018 as shale supplies continued to increase faster than demand.

 

[Londo_Jowo]

OMG!!!!! Wholesale gas went up $0.005/gal to $2.14/gal in trading yesterday.

 

[Matt1970]

You tell me.

You are acting like your a genius and know what these Thugs have in mind.

Oil is at $77 and Gas is going up again.

Oh ya, it's well on it's way up.

 

[dmcowen674]

Originally Posted by dmcowen674
You tell me.

You are acting like your a genius and know what these Thugs have in mind.

Oil is at $77 and Gas is going up again.

Oh ya, it's well on it's way up.

Well how high?

 

[Matt1970]

Originally Posted by dmcowen674
You tell me.

You are acting like your a genius and know what these Thugs have in mind.

Oil is at $77 and Gas is going up again.


Well how high?

You are big on predictions huh?

 

[dmcowen674]

Meanwhile waiting for the resident Oil Thug supporters to say how high it will go here is the excuses coming:

11-8-2014

http://www.bloomberg.com/news/2014-...rk-on-arctic-chill-seen-blasting-midwest.html

Diesel Rises in New York on Arctic Chill Seen Blasting Midwest



Diesel climbed in New York on speculation that demand will increase next week as an arctic chill sweeps across the U.S. Midwest.


Futures gained as much as 1.9 percent. An outbreak of cold air will extend from North and South Dakota to Texas by the end of next week and may linger past mid-November, Accuweather Inc. said. Temperatures in parts of the Plains may plunge by 40 degrees Fahrenheit, the State College, Pennsylvania-based service said.


Prices have soared in Midwest spot markets this week as farming demand has depleted inventories at terminals. Some terminals owned by Magellan Midstream Partners LP (MMP), have run out of diesel for a few hours to several days, Bruce Heine, spokesman for the Tulsa, Oklahoma-based company, said by e-mail yesterday.


“There have already been really tight supplies of diesel in the Midwest, with some diesel locations basically empty,” Phil Flynn, senior market analyst at Price Futures Group, said by said by telephone today. “Pipeline demand for heating oil is going to be strong because of the cold, and diesel demand is strong because farmers want to get in before the snow hits. All of a sudden you’ve got a price spike.”

Ultra low sulfur diesel for December delivery jumped 4.08 cents to settle at $2.4995 a gallon on the New York Mercantile Exchange. Spot diesel in the Midwest and Chicago markets surged yesterday to record premiums before retreating today to 49.50 cents and 47.50 cents a gallon over futures, respectively, data compiled by Bloomberg show.
Supply Diverted

“You’re going to see barrels that usually go to the New York area head in the other direction to capture that Midwest premium,” Eric Rosenfeldt, the vice president of supply and trading at Papco Inc. in Virginia Beach, Virginia, said today.


Gasoline futures for December delivery gained 0.51 cent to $2.1352 a gallon on the Nymex.

Gasoline stockpiles in the U.S. dropped for the fourth straight week in the seven days ended Oct. 31, falling 1.38 million barrels to 201.8 million, the Energy Information Administration, the Energy Department’s statistical arm, said. Distillate fuel supplies dropped 724,000 barrels to 119.7 million, the lowest since June, the agency said.

 

[Londo_Jowo]

LMAO!!!!! The insane rantings of infamous Nostradumass.

 

[MagickMan]

Regular plummeted to $2.51 /gal here, but I'm still buying the 100% real gas for $2.84.

 

[dmcowen674]

Originally Posted by dmcowen674
Originally Posted by dmcowen674
You tell me.

You are acting like your a genius and know what these Thugs have in mind.

Oil is at $77 and Gas is going up again.

Well how high?

You are big on predictions huh?

So you and your buddies give up being wrong now?

 

[Pulsar]

Here is somebody that agrees with me.

You can contact him if you think he is wrong too but I doubt you will

http://finance.yahoo.com/video/super-spike-oil-coming-dicker-182834007.html

Dan Dicker is president of MercBloc and author of Oil’s Endless Bid says despite the current bear market, a super-spike is coming

A super-spike. I'm surprised you haven't been throwing peak oil on a daily basis too. What's the price of milk? Been banned from purchasing vinegar lately?

Is it possible - just possible, that prices have dropped to sub $3.00 levels and now might be rising back up to a median price? Do you understand what an average is?

Dave, you are quite possibly the biggest idiot we have posting on these boards and you continue to prove it.

 

[AznAnarchy99]

Another drop to $2.88 here.