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| Fred's House of Pancakes This is a discussion on Gas price on January 1st? within the Fred's House of Pancakes forums, part of the PriusChat Forums category; I know I was wrong on my gas price prediction(or maybe just early?) and am taking my medicine if you ... |
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| View Poll Results: What will the national average for a gallon of gas be on January 1st, 2009? | |||
| $6.50 or more |     | 0 | 0% |
| $6.00-$6.49 |    | 0 | 0% |
| $5.50-$5.99 |    | 0 | 0% |
| $5.00-$5.49 |    | 0 | 0% |
| $5.00-$5.49 |    | 0 | 0% |
| $4.50-$4.99 |    | 0 | 0% |
| $4.00-$4.49 | | 1 | 4.35% |
| $3.50-$3.99 | | 2 | 8.70% |
| $3.00-$3.49 | | 1 | 4.35% |
| $2.50-$2.99 | | 5 | 21.74% |
| $2.00-$2.49 | | 7 | 30.43% |
| less than $2.00 | | 7 | 30.43% |
| Voters: 23. You may not vote on this poll | |||
| Tags |
| 1st?, january, price |
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08-13-2008, 01:03 PM
| #1 |
| Senior Member  Join Date: Oct 2005 Location: "Somewhere in Flyover Country"
Posts: 2,672
My Car: Other Non-Hybrid Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 |  Gas price on January 1st? I know I was wrong on my gas price prediction(or maybe just early?) and am taking my medicine if you notice my avatar. What do you think the price of gasoline will be on January 1, 2009? And why? I will use the AAA average. Today it is $3.787. (I have not created a poll for awhile so hopefullly this will work.) Link to price: http://www.fuelgaugereport.com/index.asp Last edited by malorn; 10-24-2008 at 11:59 AM. |
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11-21-2008, 04:47 PM
| #4 |
| Senior Member  Join Date: May 2008 Location: SE PA
Posts: 669
My Car: 2008 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Re: Gas price on January 1st? The real question is what will the oil futures price be--since daily gas prices are indexed to the oil futures price the previous day--and have been for several years. Just check your local gas station. If the stock market is up Jan 1, the oil futures price will be up. That's a buy signal. If the market is still languishing, the oil price will be about where it is now--except for the caveat below. If Obama restores regulations on buying oil futures when he takes office Jan. 20, in order to take the volatility out of gas prices, just the anticipation of that happening would skyrocket oil futures prices on Jan 1st. Investors' last chance to buy oil futures without having to buy oil. |
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11-21-2008, 04:55 PM
| #6 | |
| Senior Member Join Date: Oct 2005 Location: "Somewhere in Flyover Country"
Posts: 2,672
My Car: Other Non-Hybrid Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Re: Gas price on January 1st? Quote:
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11-21-2008, 05:54 PM
| #7 |
| SilverPineMica, the green one  Join Date: Dec 2007 Location: Kalispell, Montana
Posts: 359
My Car: 2008 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 1 | Re: Gas price on January 1st? $1.79 here today. Seems to be dropping about 10 cents per week lately. I don't think it'll go much lower. But I think that barring anything really unforseen, some new Middle-East war or similar supply-side catastrophe, we're not going to see prices go back up for at least six months or more. You can bet that they'll figure out a way to jack 'em before Memorial Day, however. |
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11-21-2008, 11:19 PM
| #9 |
| Ruler of Omicron Persei 8  Join Date: May 2004 Location: Far-North Chicagoland
Posts: 8,414
My Car: 2004 Prius Package: #9 Nominated 4 Times in 2 Posts TOTM Awards: 0    Friends: 16 | Re: Gas price on January 1st? I guessed $2.00 - $2.50 based on what I saw as an annual trend on GasBuddy.com. Every fall, prices drop, then hover during Nov-Dec and then a minor increase into January. At least, that's the way I read it. So $2.10 it is for me. |
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11-22-2008, 02:25 PM
| #10 |
| Senior Member Join Date: Oct 2004 Location: Winnipeg Manitoba
Posts: 6,415
My Car: 2004 Prius Package: B Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 4 | Re: Gas price on January 1st? I guess it depends on how badly the Global Economy goes for a s**. If we head into a severe global depression, I predict $0.42 a U.S. gallon. I also predict 48% unemployment and internecine warfare as towns and cities fight over food |
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