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PD Moderator	Message Posted: Dec 28, 2010 10:33:10 AM Ignore PD Report Abuse Evaluating last week's prediction for this week, I said "By next Tuesday (because of the holiday), I expect the national average to be $3.01/gallon, while prices in Canada will move slower, averaging 109.9c/L." Taking a look this morning, the average is $3.04 for the U.S. and 110.5c/L in Canada. I'll call that a "close" prediction. Well, as many knew and expected, we did indeed set a new record price on Christmas- $3.01, the highest we've ever seen on Christmas Day. In 2007 when prices began their ascent to $4+/gal, prices were just under $3/gal, so to start off 2011 with prices that will be over $3.05 will be rough. We're also seeing the national average in the U.S. as several Midwest states see price increases to record... Visit GasBuddy Blog for full article

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Message Posted: Dec 28, 2010 10:33:10 AM

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Evaluating last week's prediction for this week, I said "By next Tuesday (because of the holiday), I expect the national average to be $3.01/gallon, while prices in Canada will move slower, averaging 109.9c/L." Taking a look this morning, the average is $3.04 for the U.S. and 110.5c/L in Canada. I'll call that a "close" prediction.

Well, as many knew and expected, we did indeed set a new record price on Christmas- $3.01, the highest we've ever seen on Christmas Day. In 2007 when prices began their ascent to $4+/gal, prices were just under $3/gal, so to start off 2011 with prices that will be over $3.05 will be rough.

We're also seeing the national average in the U.S. as several Midwest states see price increases to record...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Dec 29, 2010 10:43:12 PM Ignore honda0105 Report Abuse neemund: are you talking price per gallon? B/c it's really not real to have prices that low for a barrel.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Dec 29, 2010 10:41:58 PM Ignore honda0105 Report Abuse EVBuddy: since that depends on other variables, I don't think it's as simple an equation as that.
neemund Champion Author Seattle Posts:6,525 Points:1,541,295 Joined:Jan 2007	Message Posted: Dec 29, 2010 3:12:31 AM Ignore neemund Report Abuse I wish oil was $3.01 as that would be a step in the right direction. Around $1 would seem about right to me.
findcheap Champion Author Los Angeles Posts:9,577 Points:2,005,875 Joined:Apr 2007	Message Posted: Dec 29, 2010 3:11:51 AM Ignore findcheap Report Abuse these are easy predictions
BigEdPA Sophomore Author Pennsylvania Posts:208 Points:587,145 Joined:Apr 2010	Message Posted: Dec 29, 2010 3:04:10 AM Ignore BigEdPA Report Abuse Wait til the January doldrums sets in and retail stops and people stay home.
moremissions200 Champion Author Rhode Island Posts:10,496 Points:2,022,435 Joined:Jan 2007	Message Posted: Dec 29, 2010 3:02:24 AM Ignore moremissions200 Report Abuse sad, oil price manipulation continues unchecked..... sad, oil refineries control operation rates, uncontrolled, sad, we all pay for both
tessnlu Champion Author Missouri Posts:24,172 Points:1,103,240 Joined:Aug 2008	Message Posted: Dec 29, 2010 3:01:17 AM Ignore tessnlu Report Abuse You did very well!! Any way you can predict that next Tuesday it will go down to $1.00 a gallon and have that come true too? No? Aw Shucks!!
HawaiianGuy Champion Author Idaho Posts:9,507 Points:3,075,680 Joined:May 2003	Message Posted: Dec 29, 2010 2:51:06 AM Ignore HawaiianGuy Report Abuse This does not bode well for the Summer of '11. Recovery? What recovery?
strakey All-Star Author California Posts:745 Points:532,660 Joined:Oct 2008	Message Posted: Dec 29, 2010 2:50:27 AM Ignore strakey Report Abuse Someone is getting RICH off of this gas but it's not us.
52MPG Champion Author Dayton Posts:7,242 Points:1,737,705 Joined:Apr 2006	Message Posted: Dec 29, 2010 2:38:55 AM Ignore 52MPG Report Abuse Will prices go down after the first of the year?
Grismer Champion Author Kitchener-Waterloo Posts:8,514 Points:1,720,045 Joined:Apr 2008	Message Posted: Dec 29, 2010 2:35:02 AM Ignore Grismer Report Abuse Such record pump price escalations can only destabilize economic recovery in those countries which rely heavily on oil energy. Unless alternative energy technologies are developed, the long term outlook will be extremely grim indeed.
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Dec 29, 2010 2:32:34 AM Ignore AuburnTim Report Abuse Typical unchecked, unregulated and unaccountable big business allowed to do as they please and to hell with the rest of us. This has become the new American way no longer are we a caring people.
jackson661 Champion Author Columbus Posts:3,761 Points:1,473,200 Joined:May 2006	Message Posted: Dec 29, 2010 2:32:26 AM Ignore jackson661 Report Abuse $3.19 a gallon is no joke.....$.40 higher .. means a trip to grandmother home 230 miles round trip is $3.68 more ... less gifts ...Ho Ho Ho for a higher new year.
Matt G Champion Author Boston Posts:4,513 Points:2,769,040 Joined:Jun 2004	Message Posted: Dec 29, 2010 2:32:05 AM Ignore Matt G Report Abuse Time will tell
ysmc Champion Author Providence Posts:10,540 Points:2,018,920 Joined:Apr 2007	Message Posted: Dec 29, 2010 2:30:10 AM Ignore ysmc Report Abuse Question usually asked: Are you worse off than you were ywo years ago? At least in Rhode Island, most of us can say without a doubt we are worse off. Countdown to November 2012.
jcurley Champion Author California Posts:7,876 Points:1,771,020 Joined:Dec 2007	Message Posted: Dec 29, 2010 2:28:49 AM Ignore jcurley Report Abuse This was a fairly easy prediction. Unfortunately for us, it was even worse than predicted! To those folks who think $3 gas is Obama's fault -- was it Bush and Cheney's fault that gas was $4-$5 a gallon in 2007 or 2008? Yeah, I guess it was. That and the extended recession! Let's face facts here folks. Higher oil (and gas) prices are caused by global demand, lead by China and India, etc. Oh, and I'm all for forcing every oil company to start drilling right away on every piece of land that they have options on, or we (the government) will take it over and start drilling ourselves. That's what y'all want, don't you?
Jeannemarie Champion Author Las Vegas Posts:27,700 Points:2,035,640 Joined:Aug 2005	Message Posted: Dec 29, 2010 2:26:13 AM Ignore Jeannemarie Report Abuse Too darn high. We cannot make our tourists happy under these circumstances and now it looks as though the legislature might raise gas taxes again as we need lots more roads repaired and they are obliged to come up with the necessary ingredient $$$$$.
rwm1 Champion Author Iowa Posts:2,304 Points:1,542,400 Joined:Oct 2007	Message Posted: Dec 29, 2010 2:23:28 AM Ignore rwm1 Report Abuse Stable here. And infuriating.
Powerstroke73L Champion Author Sacramento Posts:2,816 Points:731,150 Joined:Jul 2008	Message Posted: Dec 29, 2010 2:12:03 AM Ignore Powerstroke73L Report Abuse It's averaging 3.35 around here and the 2 local stations that have diesel just bumped it up to 3.69 and 3.75 a gallon. I can't wait to see how high it'll go when the economy really does start to improve....
RENEGADEGAS Champion Author Missouri Posts:14,888 Points:1,587,225 Joined:Jul 2008	Message Posted: Dec 29, 2010 2:11:40 AM Ignore RENEGADEGAS Report Abuse NAVYSTORE.... Really?!! I cant beleive you! People have every right to voice their opinons in a forum which is what this is. I am sorry you obviously are not a very happy person, but that gives you no right to attack others. This is the second time tonight that I have seen. In another topic you said everyone in the forum was an idiot. Assuming your an American adult you should already know this is not appropriate. P.S. Thanks nstrdnvstr and us4usa [Edited by: RENEGADEGAS at 12/29/2010 2:13:09 AM EST]
joel27nc Champion Author Raleigh Posts:10,517 Points:1,854,370 Joined:Mar 2008	Message Posted: Dec 29, 2010 2:10:26 AM Ignore joel27nc Report Abuse Weekly speculation by GasBuddy.
nurdco Champion Author Colorado Springs Posts:9,205 Points:1,690,410 Joined:Apr 2008	Message Posted: Dec 29, 2010 2:08:49 AM Ignore nurdco Report Abuse They have acheived their price push despite the bad global economy... We will see a 2nd dip retry to the lows of the economy like summer 2007
jadeusa Champion Author Dallas Posts:9,315 Points:1,820,990 Joined:Sep 2005	Message Posted: Dec 29, 2010 2:03:25 AM Ignore jadeusa Report Abuse welcome to stagflation - ala 1979-1982- courtesy of Jimmy Carter
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Dec 29, 2010 1:58:59 AM Ignore Saturn93 Report Abuse Ever upward.
cutter1330 Champion Author Oklahoma Posts:8,015 Points:1,690,115 Joined:Jul 2005	Message Posted: Dec 29, 2010 1:56:27 AM Ignore cutter1330 Report Abuse 2 weeks. after it's at 100/bbl we'll be testing 110/bbl!!!
UseLessGasFolks Champion Author Iowa Posts:5,426 Points:1,291,850 Joined:Jul 2007	Message Posted: Dec 29, 2010 1:53:32 AM Ignore UseLessGasFolks Report Abuse A new record price for CHRISTmas. The fact that muslims benefit from that makes me wanna puke.
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Dec 29, 2010 1:48:27 AM Ignore OnTheWater Report Abuse Just under $3.00 a gallon shoot I would kill to pay only $3.00 a gallon as now the cheapest in my area is now $3.23 a gallon I mean what a joke! So for next week's prediction be sure to add about ten more cents versus this week!!
Sody33 Champion Author Las Vegas Posts:15,946 Points:1,870,860 Joined:Oct 2005	Message Posted: Dec 29, 2010 1:48:19 AM Ignore Sody33 Report Abuse pgerassi, I sure hope you are right as I am in need of a tank right now (my second of the year!).
pgerassi Champion Author Milwaukee Posts:10,876 Points:2,127,605 Joined:Apr 2007	Message Posted: Dec 29, 2010 1:47:35 AM Ignore pgerassi Report Abuse Its poised for a fall after the holidays.
SBlouch Champion Author San Antonio Posts:8,719 Points:1,856,320 Joined:Apr 2007	Message Posted: Dec 29, 2010 1:43:21 AM Ignore SBlouch Report Abuse So that means the New Year will bring the $3.00 gas prices. What a way to bring in 2011.
ciimike Champion Author Nevada Posts:4,638 Points:1,061,310 Joined:Aug 2005	Message Posted: Dec 29, 2010 1:38:09 AM Ignore ciimike Report Abuse Thanks for the info.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Dec 29, 2010 1:36:38 AM Ignore hubcapLA Report Abuse They will still get us at the pump.
us4usa Champion Author Missouri Posts:5,976 Points:1,108,585 Joined:May 2008	Message Posted: Dec 29, 2010 1:32:11 AM Ignore us4usa Report Abuse nstrdnvstr: But with other companies we have a choice, unlike with oil we have no choice... As for NavyStore and the gay thinking its a Navy thing...
nstrdnvstr Champion Author Twin Cities Posts:36,826 Points:3,980,955 Joined:May 2001	Message Posted: Dec 29, 2010 1:22:00 AM Ignore nstrdnvstr Report Abuse NavyStore, "RenegadeGas - pull your head out of yout exhaust pipe. This mess isn't President Obama's fault - it was caused by the GOP and greedy businesses!" Really??? Obama was the one who pushed for the moratorium on oil drilling both offshore and in ANWR. Obama is the one that said that "under his plan, electricity rates will necessarily skyrocket." Focus, NavyStore, Obama is the president and gets the blame for higher gas prices. Greedy businesses? Do you have any idea what the profit margin is of the oil companies? Compare it to the proofit margin of other companies!
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Dec 29, 2010 1:19:24 AM Ignore Tundralimited2009 Report Abuse Go World Trade
onegiraffeAL Champion Author Alabama Posts:1,015 Points:428,425 Joined:Jan 2010	Message Posted: Dec 29, 2010 1:17:26 AM Ignore onegiraffeAL Report Abuse Gas is up. Blah. Yawn.
NavyStore Champion Author Seattle Posts:3,859 Points:2,072,000 Joined:Aug 2005	Message Posted: Dec 29, 2010 1:14:58 AM Ignore NavyStore Report Abuse RenegadeGas - pull your head out of yout exhaust pipe. This mess isn't President Obama's fault - it was caused by the GOP and greedy businesses! BTW, if you are trying to attack the President by using his middle name, we'll just start using the middle part of your screen name... 'GA' (pronounced G-A-Y)... So grow up or I will stoop to your level; and that is someplace you do not want me.
grouch311 Champion Author Peoria Posts:6,376 Points:1,569,490 Joined:Jun 2007	Message Posted: Dec 29, 2010 1:14:46 AM Ignore grouch311 Report Abuse yeah, we went up again, another $0.24/gal
DirtDauber Champion Author San Antonio Posts:6,761 Points:1,623,460 Joined:Nov 2005	Message Posted: Dec 29, 2010 1:13:36 AM Ignore DirtDauber Report Abuse In a word, UP.
Jarol Champion Author Iowa Posts:8,399 Points:1,589,140 Joined:Nov 2007	Message Posted: Dec 29, 2010 1:13:13 AM Ignore Jarol Report Abuse We need to be energy independent.
billy44bo Champion Author Mobile Posts:7,188 Points:1,486,890 Joined:Feb 2008	Message Posted: Dec 29, 2010 1:12:58 AM Ignore billy44bo Report Abuse looks like we will take it in the shorts again
roadrunnerMO Champion Author Kansas Posts:8,386 Points:1,695,465 Joined:Jul 2008	Message Posted: Dec 29, 2010 1:11:18 AM Ignore roadrunnerMO Report Abuse Yep, another DOE report...
RENEGADEGAS Champion Author Missouri Posts:14,888 Points:1,587,225 Joined:Jul 2008	Message Posted: Dec 29, 2010 1:10:54 AM Ignore RENEGADEGAS Report Abuse Thanks hussien!! I see that after two years of your ideas we are so much better off. Wow....great, yeah....thanks.
jdhelm Champion Author Iowa Posts:11,803 Points:1,194,890 Joined:Dec 2009	Message Posted: Dec 29, 2010 1:07:58 AM Ignore jdhelm Report Abuse we havent had a price increase around here for almost 3 weeks, I bet 10 cents plus is coming soon
Jeff4U Champion Author Atlanta Posts:8,728 Points:1,848,370 Joined:Nov 2004	Message Posted: Dec 29, 2010 1:06:26 AM Ignore Jeff4U Report Abuse Medal or chest to pin it on?
N5EXY Champion Author Austin Posts:5,472 Points:1,506,380 Joined:Jul 2004	Message Posted: Dec 29, 2010 1:04:21 AM Ignore N5EXY Report Abuse Sounds like a DOE report.
Z51Corvette Champion Author Austin Posts:8,469 Points:1,667,400 Joined:Jan 2008	Message Posted: Dec 29, 2010 12:57:13 AM Ignore Z51Corvette Report Abuse High to partly higher... lol! Actually prices should drop... the economics always is slow January and February.
us4usa Champion Author Missouri Posts:5,976 Points:1,108,585 Joined:May 2008	Message Posted: Dec 29, 2010 12:56:28 AM Ignore us4usa Report Abuse Sneakers55:Are you saying no one is using CNG cars??? And if they are the price is the same as gasoline???
NotmeuQc Champion Author Montreal Posts:5,636 Points:1,129,150 Joined:Apr 2009	Message Posted: Dec 29, 2010 12:55:38 AM Ignore NotmeuQc Report Abuse I wish Montreal's average could be the same or lower than Canada's average. We are $0.07/L higher.
WalkingWV Champion Author West Virginia Posts:3,681 Points:776,795 Joined:May 2008	Message Posted: Dec 29, 2010 12:53:08 AM Ignore WalkingWV Report Abuse $3.25 here. Revolting.