Gold Member BOHICA Posted January 1, 2023 Gold Member Share Posted January 1, 2023 Could approach $7 in some places but the entire nation will be over well over $4 a gallon by May. The national average price of gas at the pump could top around $4 a gallon in most major US cities as early as May next year, De Haan said, from $3.18 on Friday. Cities in the West Coast state of California, such as San Francisco and Los Angeles, could see gas prices approach nearly $7 a gallon in the summer of 2023, according to GasBuddy. https://markets.businessinsider.com/news/commodities/us-gas-prices-7-gallon-2023-oil-markets-gasbuddy-2022-12?amp Quote Link to comment Share on other sites More sharing options...
Gold Member ZR800efi Posted January 1, 2023 Gold Member Share Posted January 1, 2023 all part of the plan ' 2 Quote Link to comment Share on other sites More sharing options...
The One Posted January 1, 2023 Share Posted January 1, 2023 Wait for electricity rates to sky rocket !!! Gas will be cheap !! 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 1, 2023 Author Gold Member Share Posted January 1, 2023 (edited) 16 minutes ago, The One said: Wait for electricity rates to sky rocket !!! Gas will be cheap !! Actually prices of electricity are starting to come down. https://www.wmur.com/amp/article/eversource-decrease-supply-rate-new-hampshire-12822/42192671 a lot warmer winter across the northern hemisphere has put pretty big downward pressure on the price of natural gas…. Natural gas prices are at 9 month lows which puts downward movement on electric prices. now Gas and diesel prices…. As China comes back online the global supply will not keep up with global demand. Edited January 1, 2023 by BOHICA Quote Link to comment Share on other sites More sharing options...
The One Posted January 1, 2023 Share Posted January 1, 2023 9 minutes ago, BOHICA said: Actually prices of electricity are starting to come down. https://www.wmur.com/amp/article/eversource-decrease-supply-rate-new-hampshire-12822/42192671 a lot warmer winter across the northern hemisphere has put pretty big downward pressure on the price of natural gas…. Natural gas prices are at 9 month lows which puts downward movement on electric prices. now Gas and diesel prices…. As China comes back online the global supply will not keep up with global demand. Wait and see !!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted January 1, 2023 Platinum Contributing Member Share Posted January 1, 2023 Glad I don't drive nearly the miles I used to pre Covid Quote Link to comment Share on other sites More sharing options...
Mainecat Posted January 1, 2023 Share Posted January 1, 2023 Just wait Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted January 1, 2023 Gold Member Share Posted January 1, 2023 Speculation Quote Link to comment Share on other sites More sharing options...
The One Posted January 1, 2023 Share Posted January 1, 2023 Electricity will be for the rich only !!! If anyone believes that it will be affordable are DUMMIES !! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 1, 2023 Author Gold Member Share Posted January 1, 2023 7 minutes ago, The One said: Electricity will be for the rich only !!! If anyone believes that it will be affordable are DUMMIES !! I hope you’re right. That will make renewables on peoples roof tops even worth more then it already is. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 2, 2023 Share Posted January 2, 2023 Collapsing oil prices Elliot Smith@ELLIOTSMITHCNBC Oil prices surged over the first half of 2022 as a result of persistent supply blockages and Russia’s invasion of Ukraine, and have remained volatile throughout the remainder of the year. They declined 35% between June 14 and Nov. 28, with output cuts from OPEC+ and hopes for an economic resurgence in China preventing the slide from accelerating further. WATCH NOW VIDEO03:58 Russian oil exports could fall by 2 million barrels a day: The Fitch Group However, Robertson suggested that a deeper-than-expected global recession, including a delayed Chinese recovery on the back of an unexpected surge in Covid-19 cases, could lead to a “significant collapse in oil demand” across even previously resilient economies in 2023. Should a resolution of the Russia-Ukraine conflict occur, this would remove the “war-related risk premia” — the additional rate of return investors can expect for taking more risk — from oil, causing prices to lose around 50% of their value in the first half of 2023, according to Robertson’s list of “potential surprises.” “With oil prices falling quickly, Russia is unable to fund its military activities beyond Q1-2023 and agrees to a ceasefire. Although peace negotiations are protracted, the end of the war causes the risk premium that had supported energy prices to disappear completely,” Robertson speculated. “Risk related to military conflict had helped to keep front contract prices elevated relative to deferred contracts, but the decline in risk premia and the end of the war see the oil curve invert in Q1-2023.” In this potential scenario, the collapse in oil prices would take international benchmark Brent crude from its current level of around $79 per barrel to just $40 per barrel, its lowest point since the peak of the pandemic. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 2, 2023 Author Gold Member Share Posted January 2, 2023 Another refinery burns up from cold weather related equipment failures sending gas prices upwards. https://www.cpr.org/2022/12/29/suncor-has-shut-down-colorados-only-refinery-thats-raising-concerns-about-air-quality-and-higher-gas-prices/ Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 2, 2023 Share Posted January 2, 2023 Gas prices in Omaha down more than $2/gallon since June AAA says the downward trend will continue as demand decreases. Default Mono Sans Mono Serif Sans Serif Comic Fancy Small Caps Default X-Small Small Medium Large X-Large XX-Large Default Outline Dark Outline Light Outline Dark Bold Outline Light Bold Shadow Dark Shadow Light Shadow Dark Bold Shadow Light Bold Default Black Silver Gray White Maroon Red Purple Fuchsia Green Lime Olive Yellow Navy Blue Teal Aqua OrangeDefault 100% 75% 50% 25% 0% Default Black Silver Gray White Maroon Red Purple Fuchsia Green Lime Olive Yellow Navy Blue Teal Aqua OrangeDefault 100% 75% 50% 25% 0% The downward trend in gas prices is expected to continue. By Craig Nigrelli Published: Dec. 28, 2022 at 2:15 PM CST OMAHA, Neb. (WOWT) - Gas prices continue to drop significantly in Omaha as 2022 winds to a close. According to AAA, on Wednesday the average price for a gallon of regular unleaded in Omaha was about $2.78. Compare that to a month ago around Thanksgiving, when the average was $3.30 per gallon -- or six months ago in June, when the price hit a yearly high of $4.83. AAA of Nebraska’s Brian Ortner says two key factors are driving this downward trend. “Obviously when we get in the colder driving months, the demand for gas goes down because people aren’t driving as much. Even with record travel between Christmas and the New Year’s holiday, we are seeing record numbers, but overall winter driving is down. So that helps drive the cost down. The supply is there, the demand is not. It balances itself out. Also, the cost of crude oil has gone down. We are at about $80 a barrel.” Ortner says the decline in gas prices is really helping family budgets. For example, if you drive a car or SUV with a 20-gallon tank, filling up during June’s peak at $4.83 per gallon would have cost you about $96. In November, it would have been about $66. Today it’s roughly $55 -- a savings of $11 per tank from last month -- and more than $40 per tank from June. The good news is AAA is predicting this downward trend will continue into 2023 until the weather gets warmer and people travel more. Copyright 2022 WOWT. All rights reserved. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 2, 2023 Author Gold Member Share Posted January 2, 2023 Prepare to pay more at the gas pump. The state's gas tax is going up 17 percent come January, or 4.2 cents, to make it 29 cents a gallon. But the Nebraska Department of Transportation says these rates are adjusted every six months to account for anticipated new costs. https://www.ketv.com/amp/article/ndot-says-nebraskans-should-anticipate-gas-tax-increase-in-january/42357797 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted January 2, 2023 Gold Member Share Posted January 2, 2023 Quick everybody go buy a EV !!! 4 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 2, 2023 Author Gold Member Share Posted January 2, 2023 3 minutes ago, EvilBird said: Quick everybody go buy a EV !!! I would say the best thing to do is just pay the price of gas as it increases. They got ya by the short and curlies and you don’t have a choice but pay the increasing price Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted January 2, 2023 Gold Member Share Posted January 2, 2023 1 minute ago, BOHICA said: I would say the best thing to do is just pay the price of gas as it increases. They got ya by the short and curlies and you don’t have a choice but pay the increasing price Glad I got motorcycles . Drive my truck only when I have too Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted January 2, 2023 Share Posted January 2, 2023 2 hours ago, BOHICA said: Actually prices of electricity are starting to come down. https://www.wmur.com/amp/article/eversource-decrease-supply-rate-new-hampshire-12822/42192671 a lot warmer winter across the northern hemisphere has put pretty big downward pressure on the price of natural gas…. Natural gas prices are at 9 month lows which puts downward movement on electric prices. now Gas and diesel prices…. As China comes back online the global supply will not keep up with global demand. Horseshit. My energy prices (Gas and electric) are up over 25% since this time last year. 1 Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted January 2, 2023 Share Posted January 2, 2023 yup. got the power company just today on tv. pretty much saying they make nothing on the power, and it's market based. and that we are about to be fucked yet again. last time they said 40% increase but doubled. gas is 3.39 , d is 5.19 , k1 is 7.00 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 2, 2023 Share Posted January 2, 2023 More planted news by oil companies and the saudis. Quote Link to comment Share on other sites More sharing options...
Voodoo Posted January 2, 2023 Share Posted January 2, 2023 11 hours ago, SayatodaU.P.eh? said: Horseshit. My energy prices (Gas and electric) are up over 25% since this time last year. Too bad you don't live here. We are all getting more money back than we are contributing in carbon and green energy taxes. So sayeth the Dope! 1 Quote Link to comment Share on other sites More sharing options...
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