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We scoured a few of the news reports from today about AAA's claims that gas prices will be even cheaper in 2016 than last year. Learn where gas was the cheapest in 2015 and when gas might be the most expensive this year: http://youngfulltimers.com/gas-will-be-even-cheaper-in-2016-learn-where-itll-be-cheapest/
Don't forget that all that kinda changes as
Congress is now allowing oil to be exported from the US - first in 40+ years, that can be a game changer.
Many states are raising fuel taxes for "road improvements" and some states are selling turnpikes to foreign investors and raising tolls.
Don't forget that all that kinda changes as
Congress is now allowing oil to be exported from the US - first in 40+ years, that can be a game changer.
Many states are raising fuel taxes for "road improvements" and some states are selling turnpikes to foreign investors and raising tolls.
All good points, and none of them were mentioned in the few articles I read from big-name news sources. And of course, none of those factors were talked about in AAA's predictions.
Don't forget that all that kinda changes as
Congress is now allowing oil to be exported from the US - first in 40+ years, that can be a game changer.
Many states are raising fuel taxes for "road improvements" and some states are selling turnpikes to foreign investors and raising tolls.
Another source of oil on the world market is going to cause the price to rise?
That has been the opinion expressed in both Fortune magazine and also The Economist since before Thanksgiving. Here are two very similar reports from Fox Business and another from USA Today financial reports. But there are economists out there who predict that prices will start back up at some point in the next year.
Of course price will start going back up as soon as the Chinese economy settles down and the speculators get back into action.
I grew up being told the gas prices always decreased the same time presidential elections occur. I remember a similar trend in 2008 into '09.
There are currently some US refinery's shut down because of flooding. That may impact prices in the coming months. This may have happened after AAA made their predictions. I think it's 5 in total now preparing for the flood waters that are heading south.
Diesel $1.829 @ Fry's in Yuma today.
Later,
J
With price of diesel below $2.00 a gal., I sort of wish we didn't have a buyer for our coach. I want to just start driving telling myself, "Look how much money I'm saving."
I read Saudi Arabia is doing exactly that in an effort to oust some of its U.S. competition, which seems to be getting squeezed on both sides, judging by Bill B. comment.
Yes, plus don't forget that Russia is dependent on oil revenues. And it seems we are headed for another cold war with them. Exporting US oil will raise gas prices in the long run.
Enjoy the low oil prices....and hope that they rise. If they stay low it probably means that the world economy will stay very slow.
One new thing to look at for.....I noticed that several stations are raising prices far beyond market. I just paid $3.49 for diesel when 20 miles and one state line away it was $2.39. Yesterday is was 2.99 versus 2.39. Oh well, my navigator is missing for a few more days.
Check gas buddy.
Edited January 11, 2016 by Vladimir
Kodiakjack, was that in town or at Fortuna RD.?
Today a news commentator suggested gas prices may fall to $1/G this year. I'm skeptical; elsewhere in the world gas is much higher than North America, this worldwide economy is bound to increase oil prices, but IMO it hinges on OPEC regrouping amidst current regional unrest.
UPDATE: Four days later, gas 1.66/G, diesel 1.68/G. Didn't last long.
Edited January 17, 2016 by RayIN
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