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Author Topic: Your past oil price predictions... were you right? Back to Topics
PD
Moderator
Message Posted: May 21, 2010 1:35:01 PM

Since this blog deals with a lot of forecasting and prediction, its always fun to go back in time and see how accurate those forecasts and predictions were. For today, we'll dig up the results of a poll that you may have taken in 2008, asking you about how high you thought oil prices would go.

In April of 2008, the question we asked you was "How high will the price of a barrel of oil go this year?" The results, as of all of our polls, are very interesting. For this one, about one in four, or ~26% got the answer right when they voted for "More than $140".

The results of that poll are below:
$120 was voted by 10% of respondents
$125 was voted by 15% of respondents
$130 was voted by 17% of respondents
Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
99dakota
Champion Author Providence

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Message Posted: Apr 23, 2013 6:01:08 AM

prices dropped way down by the end of the year
WanderDan
All-Star Author Dayton

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Message Posted: Apr 18, 2013 9:21:59 AM

prices go up.. we accept and then they stay up
priver
All-Star Author Alberta

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Message Posted: Apr 18, 2013 8:58:58 AM

looking at the #'s, we want higher prices...priceless!!
kennyman
Champion Author Alberta

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Message Posted: Apr 18, 2013 12:59:25 AM

Interesting.
werich44
Champion Author California

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Message Posted: Apr 17, 2013 7:28:19 AM

No surprises here.
lesandliz
Sophomore Author New Orleans

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Message Posted: Apr 16, 2013 9:11:10 PM

Greedy oil companies...
WanderDan
All-Star Author Dayton

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Message Posted: Apr 11, 2013 11:35:33 PM

prices will rise and rise
Tommyguns45
Champion Author Illinois

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Message Posted: Apr 11, 2013 8:56:33 AM

Im right every time. Gas raises the first of the month to get those on a Pension or SS.
WanderDan
All-Star Author Dayton

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Message Posted: Mar 22, 2013 11:53:34 AM

prices will be whatever "they" want them to be
rickfro
All-Star Author San Diego

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Message Posted: Mar 21, 2013 9:59:58 PM

Let's see how low we can get it to go.
theocean
All-Star Author New York

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Message Posted: Mar 21, 2013 8:50:21 PM

blah blah blah
Pete12
Champion Author Albany

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Message Posted: Mar 21, 2013 8:35:58 PM

Who cares what happened in 2008.
pawnkingfour
Champion Author Georgia

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Message Posted: Mar 21, 2013 8:33:12 PM

Money, Money, Money! Boy, I got lots of competition.
lesandliz
Sophomore Author New Orleans

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Message Posted: Mar 21, 2013 7:45:44 PM

I don't know who's more greedy the Oil company or our elected officals
Coco0828
Champion Author Dallas

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Message Posted: Mar 18, 2013 12:34:00 PM

greed never goes away
MiataPrincess
Champion Author Des Moines

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Message Posted: Mar 18, 2013 9:57:00 AM

they will keep increasing...greed never goes away
csh7586
Champion Author Wilmington

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Message Posted: Feb 26, 2013 7:16:38 PM

Don't go by me. I am always wrong. With that said, I predict prices rising this spring.
LanguageMan1
Champion Author Tampa

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Message Posted: May 28, 2010 4:22:35 PM

No, they'll trend higher yet again for the year; they've not hit their peak. Plus oil and gas both will be up past $150 and $4.50 a gallon here in the US within two to four years max. Don't be surprised to see $170 and $220 for a barrel of oil and $8, $10 and more for a gallon of gasoline.
SteveSeattle
All-Star Author Seattle

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Message Posted: May 25, 2010 10:48:48 AM

Same as predicting the stock market.
mnorthwood13
Champion Author Michigan

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Message Posted: May 24, 2010 12:50:55 AM

I'm very surprised that Oil/Gas in general is still going down, almost a month around here. So I was way off. Hopefully I stay off because have to drive 2,000 to and from Virgina this summer.
Bonanza
Champion Author Boston

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Message Posted: May 23, 2010 8:07:09 PM

It's a shot in the dark, trying to predict correct price.
honda0105
Champion Author Tallahassee

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Message Posted: May 23, 2010 12:04:34 AM

we know 2008 has passed. Can we move forward w/out speculation of what the future will hold?
Blue48
Champion Author Illinois

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Message Posted: May 22, 2010 9:28:30 PM

GUESS I MISSED THAT ONE!
honda0105
Champion Author Tallahassee

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Message Posted: May 22, 2010 5:24:36 PM

tomok: you're right. The only thing for certain in life are taxes, pump/oil prices rising in the long run and death.
tomok
Champion Author Portland

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Message Posted: May 22, 2010 9:19:19 AM

When trying to predict what big oil, the refineries and the speculators will do with the price of oil, you will never know. But the oil and fuel prices are sure to go up.
JOHNNY95206
Champion Author Stockton

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Message Posted: May 22, 2010 5:08:03 AM

The price of oil will go down, maybe down as far as $20 bbl.

Think anybody is listening. (ha ha)
10k
Champion Author North Carolina

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Message Posted: May 22, 2010 3:28:03 AM

May 2010: world-wide depression is on the way..
findcheap
Champion Author Los Angeles

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Message Posted: May 22, 2010 3:17:42 AM

just guessing
Bubba44612
Champion Author Ohio

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Message Posted: May 22, 2010 3:13:21 AM

Interesting.
RENEGADEGAS
Champion Author Missouri

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Message Posted: May 22, 2010 3:02:59 AM

Thanks PD. Interesting.
la90042
Champion Author Los Angeles

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Message Posted: May 22, 2010 3:00:56 AM

prices were higher back then -- will go higher again
EcoVore
Champion Author Los Angeles

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Message Posted: May 22, 2010 2:57:43 AM

Lower is good.
comprof
Champion Author Houston

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Message Posted: May 22, 2010 2:56:59 AM

16 % out of 4 questions is random change. Worthless survey and article.
CiVX
Champion Author Oakland

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Message Posted: May 22, 2010 2:50:38 AM

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzz!
AuburnTim
Champion Author Indiana

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Message Posted: May 22, 2010 2:45:45 AM

When big businesses such as big oil are allowed to do as they please and have no regard for rules and regulations polls mean nothing.
OnTheWater
Champion Author Orange County

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Message Posted: May 22, 2010 2:39:19 AM

You can predict and forecast all you want, but oil will do what it wants and unless we put those greedy speculator's out of work they will just keep thinking up excuses to make oil rise higher and higher!!!
raleightom
All-Star Author Raleigh

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Message Posted: May 22, 2010 2:37:47 AM

I think it could go as low as $40 if the EU ends up in a recession. If the global economy recovers by year ens; then, I would expect to see #100.

I think gasoline prices are a totally different topic.

Will be interesting to watch and see how the new regulations regarding speculation of petroleum products affects petroleum and gasoline ;)
jadeusa
Champion Author Dallas

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Message Posted: May 22, 2010 2:37:12 AM

Hopefully we have hit our high price mark with crude already this year.
speedys
Champion Author Utah

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Message Posted: May 22, 2010 2:33:38 AM

I a with you "DEG".
rwm1
Champion Author Iowa

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Message Posted: May 22, 2010 2:32:06 AM

I think I said 125. I agree with you mesovich. With speculators still running rampant, its impossible to guess where it will go. I don't think oil will be going up with the public opinion scrutinizing BP and other Big Oil companies. Too risky for them to be mucking up prices.
mvosevich
Champion Author St. Louis

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Message Posted: May 22, 2010 2:22:08 AM

ALL predictions of this nature are a waste of time.
genef01
Champion Author Nashville

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Message Posted: May 22, 2010 2:17:15 AM

I thnk we will see it over $110.00 before the year's end.
GMVAN
Champion Author Calgary

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Message Posted: May 22, 2010 2:12:49 AM

We don`t want to see the prices up there again.
CPGas1815
Champion Author Michigan

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Message Posted: May 22, 2010 2:11:45 AM

Gas prices in my locale have certainly not decreased anywhere near the percentage decrease the wholesale price of gasoline has decreased. Local gas prices are almost 40 cents greater than the lowest posted price in my state and 16 cents greater than the state average. 50 miles to the southwest along the Michigan/Wisconsin border, gas prices are 16 cents less than local prices and a whopping 22 cents less than they are in Green Bay, WI. The last thing Michigan residents need to endure is the manipulation of gas prices by one segment or another of the oil industry.
zeddieiv
Champion Author Columbia

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Message Posted: May 22, 2010 2:11:09 AM

or less, DEG
DEG
Champion Author Las Vegas

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Message Posted: May 22, 2010 2:09:25 AM

Still does not negate the fact that oil shoud be priced between $40 and $45 per barrel.
Romey08
Champion Author Virginia

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Message Posted: May 22, 2010 2:01:43 AM

everyone predicts the worst it becomes better news
RENEGADEGAS
Champion Author Missouri

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Message Posted: May 22, 2010 1:54:20 AM

Very true! LOL!!
1Casey
Champion Author Albany

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Message Posted: May 22, 2010 1:51:22 AM

Poll or survey, how accurate ?
HA4CNN
Champion Author Toronto

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Message Posted: May 22, 2010 1:50:52 AM

It is a fact of speculative life that the market goes higher on the upside and lower on the down side than it should.
cutter1330
Champion Author Oklahoma

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Message Posted: May 22, 2010 1:41:00 AM

Right or wrong....you still have to
pay the piper...I mean the pump!!
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