Gas prices more than $3/gallon?

[robertpaulsen]

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

[VegasWolf]

1. Of course, the elections are over and the pukes lost. nt

[Warpy]

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.

[Monkeyman]

3. Getting a Big Head yet LOL

[Warpy]

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.

[NickB79]

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.

[itsmesgd]

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?

[bikebloke]

5. The big shopping season is over.

Along with the election, so it's back to business as usual. Screwing the people.

[stubtoe]

6. I saw $2.89 for super yesterday

Oregon prices are currently the highest in the continental US (per yesterday's news)

[Whoa_Nelly]

13. Los Angeles--$3.49 is highest price there as of today

http://www.losangelesgasprices.com/

$2.99 highest reported in OR
http://www.portlandgasprices.com/

[stubtoe]

17. Whoops! forgot about that grain of salt thing.

:)

[Strelnikov_]

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)

[onehandle]

9. Investigate, Democratic Congress. Investigate. nt

[ckramer]

10. The election was over

so no surprise here.

[n2doc]

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.

[lindisfarne]

14. Wouldn't be impossible to find $3/gallon in San Diego - $2.59 was almost the cheapest

today. Gas went up 8 cents/gallon today over what it was yesterday near me (which generally is one of the cheapest corners around).

[high density]

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...

[freemtnhermit]

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=Netx

[Upfront]

19. Thank You

Best price info. I have seen.

[Hekate]

18. $2.95 for regular on my street corner as we speak

Why does Big Oil do it? Because they can.

Hekate