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PD Moderator	Message Posted: Mar 28, 2011 2:18:19 PM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Monday, I forecast that the U.S. average will rise to $3.59/gal, while prices in Canada will rise to an average 122.8c/L." So, what was the outcome? Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.566. In Canada, prices rose to 123.1c/L, so we'll call this a very close prediction. To start this week, oil prices are trading slightly lower to $104.50, a small drop from last Friday's close of nearly $106/bbl. Has anyone else noticed that oil has failed to break through the $106/bbl level? Brent crude also hasn't broken through $117/bbl. If oil fails to break through this barrier, we could see a new ceiling develop or perhaps a small correction... Visit GasBuddy Blog for full article

Moderator

Message Posted: Mar 28, 2011 2:18:19 PM

Ignore PD Report Abuse

Evaluating last week's prediction for this week, I said "By next Monday, I forecast that the U.S. average will rise to $3.59/gal, while prices in Canada will rise to an average 122.8c/L." So, what was the outcome? Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.566. In Canada, prices rose to 123.1c/L, so we'll call this a very close prediction.

To start this week, oil prices are trading slightly lower to $104.50, a small drop from last Friday's close of nearly $106/bbl. Has anyone else noticed that oil has failed to break through the $106/bbl level? Brent crude also hasn't broken through $117/bbl. If oil fails to break through this barrier, we could see a new ceiling develop or perhaps a small correction...

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jtmalone Rookie Author Illinois Posts:21 Points:17,130 Joined:Apr 2011	Message Posted: Apr 26, 2011 2:06:13 PM Ignore jtmalone Report Abuse I want to win free gas!
Debrah2011 Rookie Author Twin Cities Posts:1 Points:220 Joined:Apr 2011	Message Posted: Apr 13, 2011 12:41:53 PM Ignore Debrah2011 Report Abuse Is it now at the highest prices gas has ever been? Will it break the 4.00 per gallon mark?
Lkmccullough Rookie Author Twin Cities Posts:17 Points:4,025 Joined:Mar 2011	Message Posted: Apr 2, 2011 9:46:00 AM Ignore Lkmccullough Report Abuse The topic on Gas prices NEVER SOUNDS GOOD ANYMORE.
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Mar 31, 2011 4:19:08 PM Ignore theshredguy Report Abuse Oh, goody.
bluetatanka Champion Author Philadelphia Posts:59,030 Points:808,555 Joined:Mar 2011	Message Posted: Mar 30, 2011 6:49:03 PM Ignore bluetatanka Report Abuse As the nice weather approaches, we will be paying more for gasoline.
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Mar 29, 2011 11:31:08 AM Ignore theshredguy Report Abuse How many times can we post the same old story? Greed, speculators, drill baby drill, etc. etc. etc.
gmenfan66 Champion Author Allentown Posts:1,295 Points:776,070 Joined:Nov 2009	Message Posted: Mar 29, 2011 6:27:46 AM Ignore gmenfan66 Report Abuse Gas in my part of Eastern PA has risen "only" about $.04 the last couple of weeks. But I certainly don't expect them to decline with the summer driving season coming up. Although I'm not sure who's still driving for pleasure (except the rich, of course).
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Mar 29, 2011 12:59:41 AM Ignore Z51Corvette Report Abuse Boring!!!
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: Mar 29, 2011 12:54:58 AM Ignore Rageagainsttm Report Abuse Never god news.
missmoby All-Star Author Lansing Posts:955 Points:188,820 Joined:Feb 2011	Message Posted: Mar 29, 2011 12:48:10 AM Ignore missmoby Report Abuse You maybe correct, but time will tell.
truckguy115 Champion Author Orange County Posts:1,636 Points:222,005 Joined:Apr 2008	Message Posted: Mar 29, 2011 12:47:16 AM Ignore truckguy115 Report Abuse nevermind $5 gas people watch what happens when gas reaches about $4.50 nationally and see the economy do a double dip like no one has ever seen and then watch Obama blame Bush again.
Ticoman54 Champion Author Miami Posts:7,156 Points:1,517,620 Joined:Oct 2008	Message Posted: Mar 29, 2011 12:42:03 AM Ignore Ticoman54 Report Abuse A weekly report is almost as meaningless as a daily report. Short lived and short term data that can be here today and gone tomorrow. What's the point...
Point__man Champion Author Raleigh Posts:4,477 Points:905,395 Joined:Oct 2010	Message Posted: Mar 29, 2011 12:41:26 AM Ignore Point__man Report Abuse Still high; but, relatively stable for the last week or two here ;)
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Mar 29, 2011 12:41:13 AM Ignore TIGERPAW46 Report Abuse As many have said before the prices has little to do with supply & demand only with how much those with the oil or the money to buy rights to the oil (Speculators) can squeeze out of the public. Oh yea don't forget the rest of the profiteers in the chain, from transporters to refineries etc. Everyone tries to blame it all on the other guy.
WalRus49 Champion Author Boston Posts:4,215 Points:896,565 Joined:Nov 2010	Message Posted: Mar 29, 2011 12:41:03 AM Ignore WalRus49 Report Abuse All this work to find out that prices are still going up? $6.00 a gallon by Labor Day....
divebomber Champion Author Nebraska Posts:6,218 Points:1,839,975 Joined:Jun 2007	Message Posted: Mar 29, 2011 12:33:38 AM Ignore divebomber Report Abuse Bla...Bla...Bla...!
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Mar 29, 2011 12:33:35 AM Ignore Blue_Cruzer Report Abuse Either way,we need gas and have pay whatever is charged.
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Mar 29, 2011 12:32:51 AM Ignore SBlouch Report Abuse We don't need a weekly outlook because we all know prices will be going up. We do not need salt rubbed into our wounds.
Zonk Champion Author Michigan Posts:6,621 Points:2,129,715 Joined:Oct 2005	Message Posted: Mar 29, 2011 12:32:47 AM Ignore Zonk Report Abuse Weekly outlooks are just that. The roller coaster is beginning to start. Prices will be going up and down.
VetteFan Champion Author Indiana Posts:9,879 Points:2,056,180 Joined:Aug 2005	Message Posted: Mar 29, 2011 12:24:07 AM Ignore VetteFan Report Abuse Prices are still high and going up.
GasholeMI Champion Author Lansing Posts:10,279 Points:1,745,690 Joined:Jul 2008	Message Posted: Mar 29, 2011 12:20:35 AM Ignore GasholeMI Report Abuse Can not wait for prices to drop. It is costing our economy too much when the prices are this high.
rxman1 Champion Author Toledo Posts:9,690 Points:1,889,495 Joined:Nov 2007	Message Posted: Mar 29, 2011 12:19:52 AM Ignore rxman1 Report Abuse Good Grief Charlie Brown!
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Mar 29, 2011 12:14:51 AM Ignore judgemobile Report Abuse so...prices are not going the way the greedy want, but sometimes actually respond to the NEEDY (most of us) ? Capitalism is not working so well for those who can never get enough so they turn to the SOCIALIST element in DC to bail them out.
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: Mar 29, 2011 12:14:26 AM Ignore northeast2 Report Abuse I went past two of my regular stations at around 5:15 this afternoon, and both prices for regular had gone up $0.06/gal for regular from where it was at 7:15 this morning.
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: Mar 29, 2011 12:13:37 AM Ignore Bigwaynef Report Abuse Yep summertime is almost here, along with the temp so goes the price of gas...
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Mar 29, 2011 12:11:59 AM Ignore jkpsr Report Abuse Well you may be right. NJ prices have started up.
must87searcher Champion Author Maryland Posts:9,120 Points:1,807,360 Joined:Apr 2008	Message Posted: Mar 29, 2011 12:10:05 AM Ignore must87searcher Report Abuse The price in most parts around here are staying still. There is still a large chance that the price will go up for this time of the year.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 29, 2011 12:09:48 AM Ignore tedjm1 Report Abuse nonsense.
LoneGuy Champion Author Lansing Posts:8,615 Points:2,344,720 Joined:Aug 2005	Message Posted: Mar 29, 2011 12:08:56 AM Ignore LoneGuy Report Abuse Looking back to look forward. I wonder if we will make much from this report.
mattpolska Veteran Author Winnipeg Posts:305 Points:84,735 Joined:Nov 2010	Message Posted: Mar 29, 2011 12:08:08 AM Ignore mattpolska Report Abuse lets pray gas goes down cause it costs 75$ to fill up 64 liters
Bonito Champion Author Dayton Posts:15,916 Points:3,035,595 Joined:Jun 2004	Message Posted: Mar 29, 2011 12:07:52 AM Ignore Bonito Report Abuse BULL & more BULL!
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Mar 29, 2011 12:07:00 AM Ignore joel27nc Report Abuse I predict it will rain sometime next month!
race2IT Champion Author Fort Worth Posts:1,790 Points:738,400 Joined:Oct 2008	Message Posted: Mar 29, 2011 12:03:41 AM Ignore race2IT Report Abuse I would love to see T. Boone Pickens say, he'll begin to drill for natural gas.
Alaydown Champion Author Los Angeles Posts:5,259 Points:847,815 Joined:May 2007	Message Posted: Mar 28, 2011 11:50:31 PM Ignore Alaydown Report Abuse If Obama would just announce that we were going to increase drilling in the USA, the price of oil would plummet like it did in 2008 when Bush did that. The only thing is that Bush actually did increase drilling the USA while Obama illegally cut it in the Gulf of Mexico. Now Obama takes credit for the increase in domestic production that Bush is responsible for.
billy44bo Champion Author Mobile Posts:7,338 Points:1,517,465 Joined:Feb 2008	Message Posted: Mar 28, 2011 11:50:24 PM Ignore billy44bo Report Abuse "perhaps a small correction..." We need a large correction
gimpyfueler All-Star Author Sacramento Posts:850 Points:214,570 Joined:Jul 2010	Message Posted: Mar 28, 2011 11:41:18 PM Ignore gimpyfueler Report Abuse I just drove a half gallon away to fill my tank. The round trip costs me a gallon. I saved the cost of one gallon. I refuse to buy where they are charging the most. I have to pay a profit, I might as well pay it where they treat me like they care.
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Mar 28, 2011 11:39:04 PM Ignore LCSTEELERBOB Report Abuse I think you should start talking lower gass prices and maybe it will happen
BTtech Sophomore Author Twin Cities Posts:190 Points:78,525 Joined:Dec 2010	Message Posted: Mar 28, 2011 11:38:55 PM Ignore BTtech Report Abuse the law of gravity doesn't work too well with gas
AKmailman Champion Author Alaska Posts:5,763 Points:1,584,815 Joined:Jul 2004	Message Posted: Mar 28, 2011 11:38:34 PM Ignore AKmailman Report Abuse quick, before I read this - the prices will go up
ssect8 Champion Author Hartford Posts:8,131 Points:2,119,005 Joined:Jun 2006	Message Posted: Mar 28, 2011 11:30:10 PM Ignore ssect8 Report Abuse Prices will go up as it does every week, nothing new here.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Mar 28, 2011 11:28:07 PM Ignore zeddieiv Report Abuse Up, Up and away!!!
Archangel00 Champion Author Mississippi Posts:1,697 Points:351,995 Joined:Feb 2011	Message Posted: Mar 28, 2011 11:25:39 PM Ignore Archangel00 Report Abuse I predict prices are falling like a rock...oh that is actually happening I mean. See I can make BS predictions too..
darkknight1 Champion Author Winston-Salem Posts:4,475 Points:923,535 Joined:Nov 2010	Message Posted: Mar 28, 2011 11:25:01 PM Ignore darkknight1 Report Abuse Here we go again...
firechief Champion Author New York Posts:3,521 Points:2,091,150 Joined:Mar 2004	Message Posted: Mar 28, 2011 11:24:59 PM Ignore firechief Report Abuse still WAY TOO HIGH!
this_sux Champion Author Riverside Posts:12,050 Points:1,562,080 Joined:Jun 2005	Message Posted: Mar 28, 2011 11:19:06 PM Ignore this_sux Report Abuse Canada & the western US continue to get raped with every fill-up... nothing has changed.
toadNY Champion Author Albany Posts:7,188 Points:1,540,850 Joined:Apr 2008	Message Posted: Mar 28, 2011 11:18:17 PM Ignore toadNY Report Abuse Until we drill here to get away from middle east oil There will never be a recovery!
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Mar 28, 2011 11:07:30 PM Ignore mstearno Report Abuse big deal
Lukus Champion Author Halifax Posts:8,419 Points:1,701,255 Joined:Nov 2007	Message Posted: Mar 28, 2011 11:04:39 PM Ignore Lukus Report Abuse In Nova Scotia the gas prices are 129.1 per litre.
TheSnowstorm Champion Author Montreal Posts:8,724 Points:1,939,905 Joined:June 2005	Message Posted: Mar 28, 2011 11:00:50 PM Ignore TheSnowstorm Report Abuse Prices are spiking this evening in the greater Montreal area to $1.369/litre. Gas price outlook: sucks.
craigsfrank Champion Author Arkansas Posts:2,214 Points:860,725 Joined:Jun 2010	Message Posted: Mar 28, 2011 10:52:16 PM Ignore craigsfrank Report Abuse Prices way too high in NW Arkansas!