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Author Topic: The Four Reasons We Won't See Record Gas Prices Back to Topics
beta11

Rookie Author
Illinois

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Message Posted: Apr 3, 2013 7:09:10 AM

Many have worried we could see record gasoline prices this summer — but all of those fears appear to be overblown. Let me explain why we won't see record prices this summer.

Reason One: Refiners are running at 85 percent of capacity

Eighty-five percent is a bit higher than last year. The reason behind this increased refining is that the margin for turning a barrel of crude into gas is near record highs, and refineries want to take advantage of it by producing as much gasoline as they can. This trend will continue, driving down prices

Reason Two: Supplies outside of the Northeast are good

Superstorm Sandy caused some disruption in the supply lines in the Northeast. But the fact is that the Gulf is awash in gas, and that can help make up any shortfall this year.
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REPLIES (newest first) Post a Reply
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WalkingWV
Champion Author West Virginia

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Message Posted: Apr 3, 2013 10:49:38 PM

I'm gonna go ahead and disagree.
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TruthMatters
Champion Author New Jersey

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Message Posted: Apr 3, 2013 10:20:44 PM

I thought there should be five reasons? This list is one short so don't trust it!
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DanMtz
Champion Author Oakland

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Message Posted: Apr 3, 2013 7:38:03 PM

In California, all it takes is a couple refinery incidents and prices skyrocket.
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punchy60
Veteran Author Indianapolis

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Message Posted: Apr 3, 2013 7:18:39 PM

Interesting how gas prices can jump 40 cents in a day or a matter of hours and take weeks to drop 40 cents. Why might that be??
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brbaritone
Champion Author Virginia

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Message Posted: Apr 3, 2013 6:54:06 PM

Well ... O.K., but I'm not all that grateful that we won't see records, because we are still painfully close to those records. One hurricane in the Gulf of Mexico, or one incident in the Arabian Gulf, or one oil spill or refinery fire, and we just might see gas prices at or above those records.
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PDQBlues
Champion Author San Diego

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Message Posted: Apr 3, 2013 3:52:44 PM


Gas prices have been falling, but very slowly.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Apr 3, 2013 1:21:20 PM

Right, we won't see them at the moment. They've already set the bar pretty high. That isn't to say we won't see them at some point in the future.
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Bttlecat
Champion Author Oklahoma City

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Message Posted: Apr 3, 2013 10:45:47 AM

can we rely on logic?
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Seamus4513
Champion Author Orange County

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Message Posted: Apr 3, 2013 9:54:12 AM

Not buying this
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Gazas
Champion Author Oakland

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Message Posted: Apr 3, 2013 9:50:03 AM

Will see.
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deputydog082
Champion Author Detroit

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Message Posted: Apr 3, 2013 9:40:11 AM

prices can jump at any time for no reason
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ECUPirate88
Rookie Author Dallas

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Message Posted: Apr 3, 2013 9:34:13 AM

Sweet!
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AVKZ
Champion Author Kalamazoo

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Message Posted: Apr 3, 2013 9:14:57 AM

Problem is there are probably ten reasons why we WILL see record gas prices.
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car253
Champion Author Ohio

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Message Posted: Apr 3, 2013 9:10:30 AM

W.A.G.
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dkp1960
Champion Author St. Louis

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Message Posted: Apr 3, 2013 9:05:52 AM

Although I am HIGHLY skeptical I hope they are accurate.
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merlinCO
Champion Author Colorado

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Message Posted: Apr 3, 2013 8:55:51 AM

Gas prices rising instead of diesel prices falling.
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gcalleja
Champion Author Miami

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Message Posted: Apr 3, 2013 8:52:55 AM

Pretty darn close, if not there already.
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BigRedVTX
Champion Author Georgia

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Message Posted: Apr 3, 2013 8:52:13 AM

Ummm, excuse me? Aren't we sitting on record prices for January and February?
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werich44
Champion Author California

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Message Posted: Apr 3, 2013 8:47:29 AM

Prediction 71 for the month of April.
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BigKart
Champion Author Indianapolis

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Message Posted: Apr 3, 2013 8:42:14 AM

"Don't worry about it" articles are as plentiful as "it's going to set records" articles. My bet is that, primairly due to inflation and risk of dollar as basis for oil prices, it will continue to increase albeit slowly but steadily.
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Evilmaddog
Champion Author British Columbia

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Message Posted: Apr 3, 2013 8:42:00 AM

1 or more refinery fires will change that wishful thinking
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swepson
Champion Author Greensboro

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Message Posted: Apr 3, 2013 8:41:00 AM

Well, it's generally positive.
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lcleveland
Champion Author San Antonio

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Message Posted: Apr 3, 2013 8:39:08 AM

ok
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JamesCalvin
Champion Author Lancaster

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Message Posted: Apr 3, 2013 8:37:44 AM

Deflation is the number one reason?
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jovien
Veteran Author Virginia

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Message Posted: Apr 3, 2013 8:29:54 AM

when there is news of it being under $3.00 a gallon - which is what it would be if speculators were out of the market - then you'll have news this isn't news.
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eschroth442
Champion Author Cleveland

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Message Posted: Apr 3, 2013 8:28:57 AM

not record high but still too high for most average americans to make a living wage on. Almost where you can't afford to go to work
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streetdesign
Champion Author Illinois

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Message Posted: Apr 3, 2013 8:28:24 AM

Only time will tell. Anything can happen with speculators and greed at the helm. Hope for the best.
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humblepie
Champion Author Toledo

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Message Posted: Apr 3, 2013 8:16:13 AM

we have for the last 4 years and we can expect
more of the same during the next 4
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Ouch06
Champion Author Michigan

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Message Posted: Apr 3, 2013 8:09:39 AM

Too many stories like this and all of sudden prices jump again.
Time will tell.
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Titanic1985
Champion Author South Carolina

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Message Posted: Apr 3, 2013 8:00:25 AM

It looks good on paper, but what if a new event occurs in 2013. Lower prices will then be out the window!
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jrschl
Champion Author Louisville

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Message Posted: Apr 3, 2013 7:49:13 AM

One reason we will see record gas prices: because we can.
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gmcgas
Champion Author Atlanta

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Message Posted: Apr 3, 2013 7:35:35 AM

time will tell.
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Apr 3, 2013 7:33:07 AM

Only one reason needed to throw that article in the trash and for gasoline prices to go even higher.
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hotwire43
Veteran Author Indiana

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Message Posted: Apr 3, 2013 7:32:46 AM

I hope we have already seen the high for this year, and sure would be nice to see under $3.00 a gallon gas again.
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pilotmass
Champion Author Boston

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Message Posted: Apr 3, 2013 7:29:05 AM

like
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gs7101
Champion Author San Antonio

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Message Posted: Apr 3, 2013 7:21:29 AM

This suggestion could be made every year!
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vwilsonskis
Champion Author New Jersey

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Message Posted: Apr 3, 2013 7:10:42 AM

nuts and profits
good read beta11
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