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Author	Topic: Warmer weather to push crude below $80	Post a Reply Back to Topics

PD Moderator	Message Posted: Jan 12, 2010 2:14:21 PM Ignore PD Report Abuse With plenty of relief in sight, its no wonder oil and wholesale gasoline is trading much lower at this hour. Perhaps I'll even give you the good news in the first couple sentences- I expect oil to close out this week under $80. Warmer weather is expected to infiltrate much of the South, Northeast, and Midwest by the weekend. In addition to warmer temperatures, traders already expect tomorrow's Department of Energy report to show large draws in stockpiles as a result of the cold weather during the last week. While distillate inventories have fallen, they remain near 9% higher than a year ago. (READ MORE!) With the refinery snags in the deep South last week, we may see refinery utilization at or near all-time lows. I'm expecting... Visit GasBuddy Blog for full article

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Message Posted: Jan 12, 2010 2:14:21 PM

Ignore PD Report Abuse

With plenty of relief in sight, its no wonder oil and wholesale gasoline is trading much lower at this hour. Perhaps I'll even give you the good news in the first couple sentences- I expect oil to close out this week under $80. Warmer weather is expected to infiltrate much of the South, Northeast, and Midwest by the weekend.

In addition to warmer temperatures, traders already expect tomorrow's Department of Energy report to show large draws in stockpiles as a result of the cold weather during the last week. While distillate inventories have fallen, they remain near 9% higher than a year ago. (READ MORE!)

With the refinery snags in the deep South last week, we may see refinery utilization at or near all-time lows. I'm expecting...

Visit GasBuddy Blog for full article

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RegularGasUser All-Star Author Albany Posts:994 Points:825,100 Joined:Sep 2010	Message Posted: Feb 1, 2011 7:29:21 AM Ignore RegularGasUser Report Abuse This thread is dated Jan/ 2010..........a year old.
dm08FL Rookie Author Orlando Posts:17 Points:2,070 Joined:Nov 2010	Message Posted: Jan 27, 2011 10:53:49 PM Ignore dm08FL Report Abuse THE LITTLEST COUNTS FOR PLENTY.
rickfro All-Star Author San Diego Posts:693 Points:332,080 Joined:Nov 2008	Message Posted: Jan 27, 2011 10:11:43 PM Ignore rickfro Report Abuse Let's hope it goes down.
J Eric Champion Author Los Angeles Posts:10,393 Points:2,094,855 Joined:Feb 2004	Message Posted: Jan 25, 2011 11:41:39 PM Ignore J Eric Report Abuse That was then, this is now. $4 pricing is back in Beverly Hills.
csh7586 Champion Author Wilmington Posts:4,903 Points:875,350 Joined:Dec 2010	Message Posted: Jan 21, 2011 7:11:03 PM Ignore csh7586 Report Abuse warmer by the weekend? maybe on a different planet.
davidel57 Champion Author Houston Posts:5,120 Points:1,207,985 Joined:Apr 2008	Message Posted: Jan 20, 2011 10:32:37 AM Ignore davidel57 Report Abuse Another meaningless prediction about oil prices....
sdslim Champion Author Florida Posts:1,918 Points:1,729,255 Joined:Feb 2007	Message Posted: Jan 12, 2011 4:19:39 PM Ignore sdslim Report Abuse Sounds like a dream.
Let2011 Sophomore Author Vancouver Posts:172 Points:28,170 Joined:Jan 2011	Message Posted: Jan 10, 2011 1:03:14 PM Ignore Let2011 Report Abuse Dreaming for a price drop. Gas is getting a big chunk of my paycheck.
RegularGasUser All-Star Author Albany Posts:994 Points:825,100 Joined:Sep 2010	Message Posted: Jan 10, 2011 7:10:48 AM Ignore RegularGasUser Report Abuse That article was dated in Jan of 2010.....a year ago. The thread is about a year old article so it needs to be closed as it is not currently pertinant.
Pete12 Champion Author Albany Posts:4,918 Points:1,659,880 Joined:Nov 2005	Message Posted: Jan 1, 2011 8:30:46 PM Ignore Pete12 Report Abuse This is an old article but I agree oil and gas are going down soon.
Maureen331 Sophomore Author Dallas Posts:182 Points:51,735 Joined:Dec 2008	Message Posted: Jan 1, 2011 4:55:55 AM Ignore Maureen331 Report Abuse will there be a drop in gas prices for 2011?
KhelbenArunson Champion Author Michigan Posts:4,586 Points:745,565 Joined:Apr 2008	Message Posted: Dec 28, 2010 11:11:34 PM Ignore KhelbenArunson Report Abuse I don't see this getting better until we start seeing heads of the petroleum companies going to PRISON for price fixing and racketeering, the industry is re-regulated or both. Let us not forget these very same companies were involved in horrible scandals that were fleecing the american public for over $300 million a day back in the seventies. This needs to be dealt with and it needs to be dealt with decisively. The thing is President Obama doesn't need congress to arrest these idiots for what they are doing. He needs to arrest them, charge them, imprison them and then they can trade on there lobbyist's in the republic party to try to get there freedom instead of helping them to maintain these ridiculous prices! These idiots are destroying this country in the name of greed. Families are starving, our infrastructure is collapsing around us, the value of our money is slowly eroding, and all the people can say in washington is that we can't do that that would be protectionist. Well guess what, this country was FOUNDED as a protectionist state, and during its best economic times it was a PROTECTIONIST STATE!
clww Champion Author Virginia Posts:45,380 Points:1,561,900 Joined:Nov 2008	Message Posted: Dec 28, 2010 4:56:50 PM Ignore clww Report Abuse No drop here. ---->REINSTATE THE GB3!<----
craigsfrank Champion Author Arkansas Posts:2,214 Points:861,475 Joined:Jun 2010	Message Posted: Dec 28, 2010 9:48:03 AM Ignore craigsfrank Report Abuse They will still find a reason to raise prices!
car253 Champion Author Ohio Posts:6,430 Points:1,495,345 Joined:Oct 2008	Message Posted: Dec 17, 2010 12:42:00 PM Ignore car253 Report Abuse Sounds like a little global warming is good.
lodawg48 Champion Author Columbus Posts:14,148 Points:2,722,200 Joined:Jul 2005	Message Posted: Feb 2, 2010 6:36:16 PM Ignore lodawg48 Report Abuse 4ZUyYt /
OHMS Champion Author Orange County Posts:13,871 Points:1,719,520 Joined:May 2005	Message Posted: Jan 19, 2010 8:00:34 PM Ignore OHMS Report Abuse aha; warmer weather does it ! things should be looking good for most of the country.
Vette1967 Champion Author Albany Posts:6,112 Points:1,304,675 Joined:Jun 2009	Message Posted: Jan 19, 2010 4:08:41 PM Ignore Vette1967 Report Abuse Still waiting for a price drop.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 15, 2010 9:52:52 PM Ignore honda0105 Report Abuse BH24: I'm at a point where I'm almost (!) wishing that may be the case... just not there yet.
BH24 Champion Author Arkansas Posts:4,930 Points:1,116,675 Joined:May 2005	Message Posted: Jan 15, 2010 6:35:16 AM Ignore BH24 Report Abuse We have seen a continuing trend which has resulted in a thirty cent price increase over the past month. I haven't yet seen even one station that has posted a lower price than the day before throughout the past thirty days. Yet we learn that supplies are up substantially. It is almost like the oil companies are setting themselves up for a government takeover.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 15, 2010 5:10:05 AM Ignore honda0105 Report Abuse sadly, it won't translate to lower prices at the pump. Barrel prices were about the same last year, yet, pump prices were $1 or more lower.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Jan 14, 2010 11:14:24 PM Ignore Jeeputtputt Report Abuse Wholesale, what about at the pump?
BOBBY1983 Champion Author Illinois Posts:1,540 Points:310,825 Joined:May 2009	Message Posted: Jan 14, 2010 6:49:05 PM Ignore BOBBY1983 Report Abuse i see $3.00 a gallon here
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Jan 14, 2010 12:39:25 PM Ignore camel1 Report Abuse Oil prices closing under $80 for the week would be good.
Rick52 Champion Author Milwaukee Posts:12,183 Points:1,226,345 Joined:Mar 2005	Message Posted: Jan 14, 2010 12:24:58 PM Ignore Rick52 Report Abuse I'll even give you the good news in the first couple sentences- I expect oil to close out this week under $80. Sure $79.99... that's below $80.00 [Edited by: Rick52 at 1/14/2010 1:25:26 PM EST]
bby Champion Author Twin Cities Posts:5,864 Points:1,049,620 Joined:Nov 2009	Message Posted: Jan 14, 2010 12:20:35 PM Ignore bby Report Abuse will see what speculators have to offer...
jarrjazz1 Champion Author British Columbia Posts:2,189 Points:458,865 Joined:Sep 2008	Message Posted: Jan 14, 2010 12:17:04 PM Ignore jarrjazz1 Report Abuse keep conserving
Kamakani Champion Author Denver Posts:2,685 Points:1,294,660 Joined:Oct 2008	Message Posted: Jan 14, 2010 12:15:30 PM Ignore Kamakani Report Abuse I'm not holding my breath
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Jan 14, 2010 12:13:49 PM Ignore oldiesman Report Abuse Makes no difference here the gas is up to 2.945 a penny a day which comes out to millions. They get you coming and going.This is now 6 straight days.
rasprout Champion Author Tacoma Posts:3,367 Points:1,244,810 Joined:Jun 2009	Message Posted: Jan 14, 2010 12:11:21 PM Ignore rasprout Report Abuse If it would just drop at the pump...
curlypooh Champion Author New Jersey Posts:11,333 Points:2,033,495 Joined:Apr 2007	Message Posted: Jan 14, 2010 12:11:07 PM Ignore curlypooh Report Abuse When it get below $50 then we'll be happy
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 14, 2010 12:07:27 PM Ignore winterer Report Abuse whatever, still high fuel prices, speculation + Big Oil = Crooks.
MetroSexual Champion Author New Hampshire Posts:3,004 Points:316,380 Joined:Aug 2005	Message Posted: Jan 14, 2010 12:05:05 PM Ignore MetroSexual Report Abuse Kerosene prices have jumped $0.10 here this week, and I would bet they won't be going down anytime soon, regardless of oil prices.
Jarod13 Champion Author Virginia Posts:3,501 Points:1,435,655 Joined:Oct 2008	Message Posted: Jan 14, 2010 12:04:56 PM Ignore Jarod13 Report Abuse vizilo -- I whole-heartedly agree with you. This temporary decline in oil prices will not last -- we'll be lucky if it last an hour, let alone until close of business today! With this weekend's subtle warming trend, I don't expect prices to dip more than a couple of cents, compared to the five to ten cent increases (almost daily) that have occurred since the beginning of the new year. Another cold spell will only make prices skyrocket upwards and compound the difficulties we'll have in paying our other living expenses.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 14, 2010 11:35:22 AM Ignore honda0105 Report Abuse findcheap: yup.. only constant is, pump prices are going up no matter what.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 14, 2010 11:33:43 AM Ignore honda0105 Report Abuse Ashbury: wow, that's nice. So far there's not been any change around here.
erakman Champion Author North Carolina Posts:22,484 Points:1,195,545 Joined:Nov 2009	Message Posted: Jan 14, 2010 10:10:33 AM Ignore erakman Report Abuse warm weather-cold weather they have us by the - - - - s!
findcheap Champion Author Los Angeles Posts:9,737 Points:2,037,575 Joined:Apr 2007	Message Posted: Jan 14, 2010 9:43:51 AM Ignore findcheap Report Abuse these predictions r wrong half the time
Cuzilla Champion Author Indianapolis Posts:12,270 Points:2,365,285 Joined:Sep 2005	Message Posted: Jan 14, 2010 8:22:55 AM Ignore Cuzilla Report Abuse Global Warming? Bring it on!
lionkotj Rookie Author Philadelphia Posts:73 Points:398,960 Joined:Sep 2005	Message Posted: Jan 14, 2010 8:18:46 AM Ignore lionkotj Report Abuse Warmer weather in the Northeast?!? I'm in a suburb of Phila and I don't consider a high temperature of 44 degrees warm; true it's warmer than high's in the 20's in the past weeks but we'll still have the heater running.
AnObserver Champion Author New Jersey Posts:8,494 Points:2,285,480 Joined:Sep 2005	Message Posted: Jan 14, 2010 8:18:17 AM Ignore AnObserver Report Abuse Let's hope for a heat wave ...
BBopp Champion Author Dayton Posts:6,944 Points:1,956,930 Joined:Dec 2006	Message Posted: Jan 14, 2010 8:17:34 AM Ignore BBopp Report Abuse Let the warmer weather push crude to below $70. We deserve it.
Bpers2001 All-Star Author Seattle Posts:735 Points:104,070 Joined:Nov 2009	Message Posted: Jan 14, 2010 8:10:24 AM Ignore Bpers2001 Report Abuse Oh, make no mistake the fuel money makers won't be losing their profits. Just never happens.
Pedro66 Rookie Author Saskatchewan Posts:94 Points:1,119,610 Joined:Jan 2008	Message Posted: Jan 14, 2010 8:10:17 AM Ignore Pedro66 Report Abuse I also agree with I10express
Tutootin Champion Author Toronto Posts:10,261 Points:3,105,130 Joined:Jun 2004	Message Posted: Jan 14, 2010 8:08:49 AM Ignore Tutootin Report Abuse cableman31, They do it because they can. Even though we are paying their wages.
CPapi Veteran Author Chicago Posts:349 Points:84,000 Joined:Nov 2009	Message Posted: Jan 14, 2010 8:08:12 AM Ignore CPapi Report Abuse But if it gets TOO warm prices will increase. It has to be JUST right
steve96d Veteran Author Philadelphia Posts:353 Points:900,035 Joined:May 2008	Message Posted: Jan 14, 2010 8:08:06 AM Ignore steve96d Report Abuse Prices slightly rising in suburban Philadelphia. Keep conserving.
my2002m Champion Author Tulsa Posts:6,213 Points:1,697,980 Joined:Jul 2008	Message Posted: Jan 14, 2010 8:07:58 AM Ignore my2002m Report Abuse The price is below $80 this morning. But I'm waiting to see if several reports that I've read which say the market is way overpriced right now. There is still too much supply for the demand (even with China's demand increasing). It will be interesting to see if the prices continue a downward trend to the mid $60's which is where several analysts are saying the market price really should be .
owatonnajeep Champion Author Minnesota Posts:3,510 Points:709,345 Joined:Nov 2007	Message Posted: Jan 14, 2010 8:06:16 AM Ignore owatonnajeep Report Abuse good, keep going down
gasforus Champion Author Michigan Posts:7,776 Points:1,930,040 Joined:Dec 2005	Message Posted: Jan 14, 2010 8:05:42 AM Ignore gasforus Report Abuse Get some new news!!!!