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PD Moderator	Message Posted: Jan 17, 2011 11:05:07 AM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Monday, I expect the U.S. national average to rise to $3.09 per gallon while prices in Canada will rise to 112.1c/L." Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.080 per gallon while prices in Canada are coming in at 112.0c/L. Somewhat surprising that U.S. prices barely moved this week. While spot markets are closed today for the MLK holiday, electronic trading is open with light volume. Futures today are down slightly over a penny, but we saw wholesale prices rise late last week as I indicated on our Facebook and Twitter pages. Having said that, retail prices haven't moved up much yet in response to last week's wholesale increases... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jan 17, 2011 11:05:07 AM

Ignore PD Report Abuse

Evaluating last week's prediction for this week, I said "By next Monday, I expect the U.S. national average to rise to $3.09 per gallon while prices in Canada will rise to 112.1c/L." Looking at our latest GasBuddy pricing data, we show the U.S. average at $3.080 per gallon while prices in Canada are coming in at 112.0c/L. Somewhat surprising that U.S. prices barely moved this week.

While spot markets are closed today for the MLK holiday, electronic trading is open with light volume. Futures today are down slightly over a penny, but we saw wholesale prices rise late last week as I indicated on our Facebook and Twitter pages.

Having said that, retail prices haven't moved up much yet in response to last week's wholesale increases...

Visit GasBuddy Blog for full article

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1006 Champion Author Birmingham Posts:1,105 Points:1,353,440 Joined:Apr 2008	Message Posted: Jan 19, 2011 6:02:42 AM Ignore 1006 Report Abuse I am afraid that what knew as low gas prices is over . when I think about what $ are outside the US - we have been spoiled 'til now.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Jan 19, 2011 5:06:04 AM Ignore honda0105 Report Abuse hmmm... retail goes up NOW for FUTURES to be delivered in FEBRUARY or MARCH? Make the specutraitors take possession of at least 5% of their futures when they "buy" and that stops the sitution really fast. Commodities and future markets only took off after Bush 43's deregulation of the oil market in the US.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Jan 19, 2011 5:04:02 AM Ignore honda0105 Report Abuse Cheney, you are right. Whine about too much government intrusion on one hand, but then hand rights over to goverment by the handfuls.
jenndavenport Rookie Author Quad Cities Posts:6 Points:320 Joined:Jan 2011	Message Posted: Jan 18, 2011 7:23:01 PM Ignore jenndavenport Report Abuse By the way Obahma or however you spell his name hasn't done a darn bit of good for this country. We are all sinking financially, no COLA for the past 2 yrs. I barely have enough to live off of as it is. Now higher gas prices....just like when Bush was in office. He's living comfortably down in TX. counting his millions while the majority of hard working Americans are scrambling to pay the bills! I'm not slamming either one of them, but what have they done for US The People of this country?
jenndavenport Rookie Author Quad Cities Posts:6 Points:320 Joined:Jan 2011	Message Posted: Jan 18, 2011 7:18:28 PM Ignore jenndavenport Report Abuse Where I live, when it comes to the warmer months, they screw us over even more and change the fuel mixtures and raise the prices! Lovely Iowa. Hate it here. Our gas jumped 14 cents since last night. $3.19 a gallon.
traindude Champion Author Virginia Beach Posts:5,624 Points:1,494,355 Joined:Jun 2007	Message Posted: Jan 18, 2011 10:21:41 AM Ignore traindude Report Abuse same bad news, new week
djliberty All-Star Author Chicago Posts:966 Points:317,310 Joined:Mar 2008	Message Posted: Jan 18, 2011 9:54:59 AM Ignore djliberty Report Abuse kthxbai
ENORMS Champion Author Colorado Posts:3,020 Points:1,588,880 Joined:Sep 2006	Message Posted: Jan 18, 2011 6:12:06 AM Ignore ENORMS Report Abuse More money spent on gas by consumers means less to be spent on other goods.
SBlouch Champion Author San Antonio Posts:8,725 Points:1,858,290 Joined:Apr 2007	Message Posted: Jan 17, 2011 11:36:59 PM Ignore SBlouch Report Abuse Interesting article.
thunderstruck All-Star Author Chicago Posts:707 Points:733,120 Joined:Apr 2005	Message Posted: Jan 17, 2011 11:29:37 PM Ignore thunderstruck Report Abuse At least in a few months warmer weather will get here, and maybe I'll be able to ride my bike to work. What they ought to do is require the speculators to take physical delivery of the oil. That would end the price hike real quick, but they'd get their yarmulkes in a bunch and start crying.
packards42 Champion Author Washington Posts:6,435 Points:1,126,640 Joined:Feb 2005	Message Posted: Jan 17, 2011 11:27:26 PM Ignore packards42 Report Abuse I guess this good news and reflect the full back in Crude prices. to below $90 a barrel for the interim week.
Cheney Champion Author Toronto Posts:2,022 Points:2,533,460 Joined:May 2004	Message Posted: Jan 17, 2011 11:11:04 PM Ignore Cheney Report Abuse I'm amused how Americans blame government for what is unsavoury, yet resist regulation and taxes.
Maintroll Champion Author Lexington Posts:8,624 Points:1,701,185 Joined:Aug 2008	Message Posted: Jan 17, 2011 11:09:54 PM Ignore Maintroll Report Abuse Another joke, only larger.
bababooey2 Champion Author Hartford Posts:6,342 Points:1,300,890 Joined:Sep 2009	Message Posted: Jan 17, 2011 11:08:05 PM Ignore bababooey2 Report Abuse I really needed to hear that.
Quick68 Champion Author Columbus Posts:8,218 Points:1,224,825 Joined:Dec 2009	Message Posted: Jan 17, 2011 11:07:14 PM Ignore Quick68 Report Abuse The oil could be at $1.00 per barrel and the government would still let big oil charge us $4.00 a gallon. This is just a money game and we are Loosing it.
Zeke33 Champion Author New Hampshire Posts:5,568 Points:1,614,110 Joined:Sep 2005	Message Posted: Jan 17, 2011 11:06:44 PM Ignore Zeke33 Report Abuse Up, up and away!
BobD2009 Champion Author Long Island Posts:6,984 Points:1,238,810 Joined:Apr 2009	Message Posted: Jan 17, 2011 11:06:30 PM Ignore BobD2009 Report Abuse Prices are hih and probably going higher.
TRAIN RIDER Champion Author San Bernardino Posts:9,072 Points:2,755,870 Joined:Oct 2004	Message Posted: Jan 17, 2011 11:03:59 PM Ignore TRAIN RIDER Report Abuse The prices need to be stable or drop.
AKmailman Champion Author Alaska Posts:5,623 Points:1,556,365 Joined:Jul 2004	Message Posted: Jan 17, 2011 11:03:44 PM Ignore AKmailman Report Abuse another week, another crystal ball forcast
CardinalRed5 Veteran Author Illinois Posts:335 Points:67,300 Joined:Jan 2011	Message Posted: Jan 17, 2011 10:58:45 PM Ignore CardinalRed5 Report Abuse TIME WILL TELL!
toadNY Champion Author Albany Posts:7,037 Points:1,512,175 Joined:Apr 2008	Message Posted: Jan 17, 2011 10:57:15 PM Ignore toadNY Report Abuse Until gas comes down there will be no recovery.
OGW Champion Author London Posts:5,324 Points:1,530,400 Joined:Sep 2005	Message Posted: Jan 17, 2011 10:53:51 PM Ignore OGW Report Abuse They finally did rise here today.
bluesadvisor01 All-Star Author Miami Posts:815 Points:193,750 Joined:Jun 2010	Message Posted: Jan 17, 2011 10:51:04 PM Ignore bluesadvisor01 Report Abuse All bad news as usual .
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Jan 17, 2011 10:44:33 PM Ignore judgemobile Report Abuse everyone is an oil "prophet" and they all get rich in the futures market if enough people follow their predictions.
mrbee Champion Author Little Rock Posts:3,748 Points:2,464,635 Joined:Oct 2005	Message Posted: Jan 17, 2011 10:44:03 PM Ignore mrbee Report Abuse Going to hurt the economy.
CRAZYEDDIE2010 Veteran Author Ontario Posts:294 Points:205,310 Joined:Jul 2010	Message Posted: Jan 17, 2011 10:41:00 PM Ignore CRAZYEDDIE2010 Report Abuse YUP !
DosEquis26 Champion Author Chicago Posts:5,763 Points:1,922,510 Joined:Jun 2006	Message Posted: Jan 17, 2011 10:40:57 PM Ignore DosEquis26 Report Abuse the weekly outlook is a gas!
Prodaddy Champion Author Houston Posts:8,375 Points:1,894,210 Joined:May 2007	Message Posted: Jan 17, 2011 10:31:28 PM Ignore Prodaddy Report Abuse High gas prices will kill what little economic growth we have going
waynemustang Champion Author Indiana Posts:6,367 Points:1,663,835 Joined:Nov 2006	Message Posted: Jan 17, 2011 10:30:18 PM Ignore waynemustang Report Abuse we need to get and store more gasoline.
EXTREMESNOW Champion Author Medford Posts:8,910 Points:1,821,540 Joined:Jul 2006	Message Posted: Jan 17, 2011 10:29:02 PM Ignore EXTREMESNOW Report Abuse small miracles.
darkknight1 Champion Author Winston-Salem Posts:4,330 Points:894,110 Joined:Nov 2010	Message Posted: Jan 17, 2011 10:25:33 PM Ignore darkknight1 Report Abuse gas going up? you've got to be kidding me!
CodeMad Rookie Author Worcester Posts:11 Points:6,670 Joined:Jan 2011	Message Posted: Jan 17, 2011 10:23:19 PM Ignore CodeMad Report Abuse ok
granitestater Champion Author New Hampshire Posts:8,817 Points:1,429,775 Joined:Oct 2008	Message Posted: Jan 17, 2011 10:22:14 PM Ignore granitestater Report Abuse Gas is up, here...
Blue48 Champion Author Illinois Posts:7,300 Points:1,636,970 Joined:Feb 2007	Message Posted: Jan 17, 2011 10:14:54 PM Ignore Blue48 Report Abuse WE SHALL SEE!
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Jan 17, 2011 10:14:38 PM Ignore mstearno Report Abuse Hey don't knock Obama he's lifting the restrictions in June maybe we should chek which year....
cudatim Champion Author San Antonio Posts:2,190 Points:1,315,360 Joined:Jan 2007	Message Posted: Jan 17, 2011 10:13:54 PM Ignore cudatim Report Abuse Why am I not smiling and being happy?
Alaydown Champion Author Los Angeles Posts:5,106 Points:821,445 Joined:May 2007	Message Posted: Jan 17, 2011 10:12:23 PM Ignore Alaydown Report Abuse Thank Obama for cutting off 10 percent of our supply to keep prices high. Gasoline prices should have hit the lowest of the year last month, but instead they continued to climb. Prices will only go higher until we start drilling again in the Gulf.
SuesVette Sophomore Author Toledo Posts:109 Points:31,370 Joined:Jan 2007	Message Posted: Jan 17, 2011 10:11:12 PM Ignore SuesVette Report Abuse I watched a Meijer station go from 3.039 to 3.199 within a half-hour...right at lunch, no less.
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Jan 17, 2011 10:10:37 PM Ignore Lukus Report Abuse Ok
toadNY Champion Author Albany Posts:7,037 Points:1,512,175 Joined:Apr 2008	Message Posted: Jan 17, 2011 10:10:08 PM Ignore toadNY Report Abuse My prediction is that gas will continue to raise right up to the depression!
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Jan 17, 2011 10:06:18 PM Ignore DEG Report Abuse I find this weekly report to be useless.
pjhbac Veteran Author Montana Posts:426 Points:44,350 Joined:Aug 2008	Message Posted: Jan 17, 2011 10:05:14 PM Ignore pjhbac Report Abuse Not interested in this pat-myself-on-the-back for sometimes guessing gas prices correctly. Most of us do it just as well without all the business-major gobbeldy-gook.
52MPG Champion Author Dayton Posts:7,252 Points:1,740,630 Joined:Apr 2006	Message Posted: Jan 17, 2011 9:59:37 PM Ignore 52MPG Report Abuse Prices are up in Dayton Ohio.
faulkc05 All-Star Author Atlanta Posts:660 Points:273,990 Joined:Jun 2008	Message Posted: Jan 17, 2011 9:56:14 PM Ignore faulkc05 Report Abuse Prices are too high and I don't think they will be going back down any time soon.
mecforyou Champion Author Iowa Posts:2,962 Points:1,259,730 Joined:Jul 2007	Message Posted: Jan 17, 2011 9:46:36 PM Ignore mecforyou Report Abuse It will be going up I'm sure.
onegiraffeAL Champion Author Alabama Posts:1,015 Points:428,425 Joined:Jan 2010	Message Posted: Jan 17, 2011 9:44:11 PM Ignore onegiraffeAL Report Abuse Weekly yawn article
Ticoman54 Champion Author Miami Posts:7,036 Points:1,490,070 Joined:Oct 2008	Message Posted: Jan 17, 2011 9:43:01 PM Ignore Ticoman54 Report Abuse Nothing but a bunch of BS reasons to justify the current level of prices.
gmcgas Champion Author Atlanta Posts:5,943 Points:1,712,220 Joined:Mar 2004	Message Posted: Jan 17, 2011 9:42:16 PM Ignore gmcgas Report Abuse looking for a summer of staycation.
LanguageMan1 Champion Author Tampa Posts:11,712 Points:1,659,840 Joined:Apr 2008	Message Posted: Jan 17, 2011 9:42:01 PM Ignore LanguageMan1 Report Abuse I had expected them to move down a bit, but with the Alaskan pipeline deal...I expect higher prices still; but only a bit more before going downward a bit. Unless, the government and others continue to lie about unemployment, other commodities continue to rise, the dollar continues to fall which I believe it'll rise a bit before they let it fall further.
djtdi Champion Author San Jose Posts:2,840 Points:710,000 Joined:Aug 2005	Message Posted: Jan 17, 2011 9:24:05 PM Ignore djtdi Report Abuse I need to see my analyst about this.