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robertpaulsen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 11:53 AM
Original message
Gas prices more than $3/gallon?
Gas prices more than $3/gallon?
Analysts predict higher costs for early 2007
By Julia M. Scott, Staff Writer
Article Launched: 12/29/2006 12:00:00 AM PST

Enjoy gas prices under $3 while you can because come February, drivers can expect to take a hammering at the pump, analysts predict.

"Gas is going to go north of $3 on the West Coast quite commonly in 2007," said Tom Kloza, chief oil analyst at Oil Price Information Service.

Prices should fall in January when demand hits rock-bottom, then start climbing around Valentine's Day.

The outlook for 2007 is more harsh than in the past partly because demand continues to rise while refineries that serve California have not increased their output, Kloza said.

more...

http://www.dailybulletin.com/business/ci_4916544
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VegasWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 11:54 AM
Response to Original message
1. Of course, the elections are over and the pukes lost. nt
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:04 PM
Response to Original message
2. Once again I was correct
Last year I got an internal memo from an oil company (don't ask) that predicted an economic slowdown in China and oil prices to drop to $40/bbl with gas prices falling under $1.50. I fired back that they were dreaming and told them why.

I have started to hate being right.
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Monkeyman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:08 PM
Response to Reply #2
3. Getting a Big Head yet LOL
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:56 PM
Response to Reply #3
8. No, I keep hoping I'm going to be WRONG
I hoped Stupid would be restrained enough by his cabinet that he wouldn't repeat his performance in Texas, but I knew damned well he would exceed it.

I hoped I was going to be proven wrong about every stolen election until this one. Oh, well.

I keep hoping I'm wrong about how ignorant, self centered and delusional much of the US population has become, oh well.

I keep hoping I'm wrong about Democrats not wanting to rock the economic boat and derail the corporate gravy train. We'll see.

Mostly, I hope I'm wrong about how completely FUCKED this country is without basic industries, an appallingly negative balance of trade because of it, and rich people clamoring for more tax cuts making the debt worse and worse.
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NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 01:25 PM
Response to Reply #2
12. At this point I don't think China CAN slow down their economy
The booming Chinese economy has put to work millions of previously rural poor, who now enjoy a much higher standard of living than the previous generation. At the same time, China has been seeing increasing civil unrest over environmental and social problems. Only by keeping their massive population employed through continued rocketing economic growth can they pacify them.

An economic slowdown in China would put millions of young, angry unemployed workers on the streets. The violence and social disintegration could threaten the very existence of the current Chinese goverment. As such, they will do everything in their power to prevent this, and will not allow their economy to cool off.
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itsmesgd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:20 PM
Response to Original message
4. Is that based on the USD where it is now or after it starts to drop
after the euro is used by more and more in the trade of petro?
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bikebloke Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:22 PM
Response to Original message
5. The big shopping season is over.
Along with the election, so it's back to business as usual. Screwing the people.
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stubtoe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:43 PM
Response to Original message
6. I saw $2.89 for super yesterday
Oregon prices are currently the highest in the continental US (per yesterday's news)
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 03:16 PM
Response to Reply #6
13. Los Angeles--$3.49 is highest price there as of today
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stubtoe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 06:41 PM
Response to Reply #13
17. Whoops! forgot about that grain of salt thing.
:)
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:53 PM
Response to Original message
7. Gee, That Big Surge In UNL Inventory Up To Mid-Oct
Followed by a precipitous drop almost makes one wonder if something happened around the end of October or first part of November.



Distallates seem a little better behaved.




(Gotta get out of LA, man)
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 12:59 PM
Response to Original message
9. Investigate, Democratic Congress. Investigate. nt
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ckramer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 01:02 PM
Response to Original message
10. The election was over
so no surprise here.
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 01:03 PM
Response to Original message
11. The fly in the ointment-recession
What happens if we go into a more severe downturn? Predictions are futile. Last year we had blatant price manipulation during the summer and fall (at the very least). I suspect we will end up with more of the same. Prices will go down only if big oil can't find a way to keep it up, but if they decide that money is to be made by shorting the price, it will drop.
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lindisfarne Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 05:20 PM
Response to Original message
14. Wouldn't be impossible to find $3/gallon in San Diego - $2.59 was almost the cheapest
Edited on Fri Dec-29-06 05:21 PM by lindisfarne
today. Gas went up 8 cents/gallon today over what it was yesterday near me (which generally is one of the cheapest corners around).
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 05:40 PM
Response to Original message
15. $2.39 about a half mile from the gas terminal up here in Maine
Which seems high given the mild winter we're having. I guess there's no rhyme or reason to prices in a gamed commodities market...
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freemtnhermit Donating Member (3 posts) Send PM | Profile | Ignore Fri Dec-29-06 05:49 PM
Response to Original message
16. Check out gas prices anywhere
I have found this link very helpful in which gas stations are the lowest in price. It goes by zip code, so anyone anywhere is able to look before leaving the house and usually update daily.

http://autos.msn.com/everyday/gasstations.aspx?zip=&src...
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Upfront Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 07:25 PM
Response to Reply #16
19. Thank You
Best price info. I have seen.
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Hekate Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 06:48 PM
Response to Original message
18. $2.95 for regular on my street corner as we speak
Why does Big Oil do it? Because they can.

Hekate

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