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Government lowers 2009 gasoline price forecast to $2.37 a ga

Houston Chronicle -- WASHINGTON — Prices at the gasoline pump will average $2.37 a gallon for regular next year, the U.S. Energy Information Administration predicted today. But the slowing economy and volatile energy markets are making price forecasting a tough assignment. Just a month ago, the agency predicted regular would average $3.56 a gallon next year.

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Submitted Nov 15, 2008 By: JT

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Author	Topic: Government lowers 2009 gasoline price forecast to $2.37 a ga	Topic is locked Back to Topics

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RichWeb Rookie Author Orange County Posts:98 Points:52,520 Joined:Oct 2008	Message Posted: Nov 18, 2008 12:13:01 AM Ignore RichWeb Report Abuse So I guess we can expect to seea price increase again..... gas already below that for premium
HailstormCA Champion Author San Diego Posts:5,851 Points:1,072,950 Joined:Nov 2008	Message Posted: Nov 17, 2008 9:29:48 PM Ignore HailstormCA Report Abuse Buck twenty in just a few short months. How quickly these officials change their minds. And when OPEC cuts production, what then?
jcVA Champion Author Virginia Beach Posts:1,806 Points:385,265 Joined:Aug 2008	Message Posted: Nov 17, 2008 2:17:29 PM Ignore jcVA Report Abuse happy with this cheap gas, who isnt right
hblee Champion Author Ontario Posts:1,866 Points:634,535 Joined:May 2004	Message Posted: Nov 17, 2008 12:22:47 PM Ignore hblee Report Abuse Tell me who can really predict anything these days. Throw a dart at a dart board and youll probably be just as accurate.
oncotime Champion Author Milwaukee Posts:15,059 Points:2,768,565 Joined:May 2003	Message Posted: Nov 17, 2008 11:44:38 AM Ignore oncotime Report Abuse ?
milespergallon Champion Author Illinois Posts:7,488 Points:1,479,065 Joined:Feb 2007	Message Posted: Nov 17, 2008 11:42:52 AM Ignore milespergallon Report Abuse Now let's hear it for two day old message! Booooooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!! As stated previously, they said we would be lucky if gas went down to $3.30 by the end of the year. And what else can they predict? Not much!
MajorSteve Champion Author Oklahoma City Posts:6,241 Points:1,378,385 Joined:Sep 2006	Message Posted: Nov 17, 2008 11:32:04 AM Ignore MajorSteve Report Abuse So what do they know?
Don20 Champion Author Oklahoma City Posts:7,287 Points:2,152,095 Joined:Mar 2005	Message Posted: Nov 17, 2008 11:20:49 AM Ignore Don20 Report Abuse On a better note. The pump price of reg. here today is $1.61 to $1.75 in many station. Lets continue to conserve.
greywolves Champion Author Las Vegas Posts:6,437 Points:1,990,020 Joined:Dec 2004	Message Posted: Nov 17, 2008 11:12:52 AM Ignore greywolves Report Abuse opinions are like ssholes... everybody has got one.
charlenelindsay Sophomore Author South Carolina Posts:111 Points:38,945 Joined:Sep 2008	Message Posted: Nov 17, 2008 11:12:28 AM Ignore charlenelindsay Report Abuse The oil companies need to fire all of the speculators & predictors! They are the reason we are in this mess! Just set the prices as they sell the gas - not anticipate what they might sell! We will not be bullied into paying more just to pad their pockets!
lefooey Veteran Author Spokane Posts:286 Points:426,220 Joined:Feb 2008	Message Posted: Nov 17, 2008 11:09:54 AM Ignore lefooey Report Abuse Unfortunately they do have to predict in advance for these sorts of things. Sadly, we also let too many government agencies get away with too many cost overruns, so it doesn't matter if they're wildly incorrect.
Matts_Pap Champion Author Pennsylvania Posts:7,209 Points:1,344,420 Joined:Feb 2008	Message Posted: Nov 17, 2008 11:08:47 AM Ignore Matts_Pap Report Abuse Step right up and take a guess: Three for a quarter!
woos777 Champion Author Washington Posts:2,611 Points:864,055 Joined:Sep 2006	Message Posted: Nov 17, 2008 11:07:46 AM Ignore woos777 Report Abuse Old news. Needs to be changed.
ElCap Champion Author El Paso Posts:1,242 Points:580,825 Joined:Jan 2007	Message Posted: Nov 17, 2008 11:07:31 AM Ignore ElCap Report Abuse They are wrong again!
skippypa Champion Author Hawaii Posts:6,095 Points:1,272,955 Joined:Jun 2008	Message Posted: Nov 17, 2008 11:05:54 AM Ignore skippypa Report Abuse The government is as good in their prediction of the price of gas and the weathermen can predict the weather.
docwilly All-Star Author Scranton Posts:563 Points:109,115 Joined:Feb 2008	Message Posted: Nov 17, 2008 11:04:40 AM Ignore docwilly Report Abuse right on Illini Cheif been saying the same thing for years
acknot Champion Author Seattle Posts:1,490 Points:776,660 Joined:Sep 2003	Message Posted: Nov 17, 2008 11:03:58 AM Ignore acknot Report Abuse Since when has the government's crystal ball ever predicted anything correctly?
kevski Champion Author Oregon Posts:4,910 Points:788,740 Joined:Feb 2008	Message Posted: Nov 17, 2008 11:03:12 AM Ignore kevski Report Abuse so a range from 2.37 to 3.56? that narrows it down
Illini_Chief Champion Author Illinois Posts:61,002 Points:1,533,265 Joined:May 2007	Message Posted: Nov 17, 2008 11:02:52 AM Ignore Illini_Chief Report Abuse Solution: 1 barrel of oil = 10 bushels of corn 1 barrel of oil = 7 bushels of soy beans
Plebe2001 Champion Author Philadelphia Posts:2,868 Points:560,725 Joined:Jul 2008	Message Posted: Nov 17, 2008 11:02:50 AM Ignore Plebe2001 Report Abuse Neither can really forecast, it just a guess. This is a repeated article.
CPayZombie Champion Author Phoenix Posts:7,069 Points:1,187,040 Joined:Aug 2008	Message Posted: Nov 17, 2008 10:57:41 AM Ignore CPayZombie Report Abuse What? The "man" thinks it can forecast oil prices as well meteorologists can forecast the weather?
no1doc Champion Author Milwaukee Posts:14,725 Points:1,316,325 Joined:Oct 2007	Message Posted: Nov 17, 2008 10:57:35 AM Ignore no1doc Report Abuse The fortune tellers should find real jobs.
papou Champion Author Tampa Posts:8,481 Points:1,445,990 Joined:Jul 2005	Message Posted: Nov 17, 2008 10:55:36 AM Ignore papou Report Abuse To many advisers who donot know whats going on in everyday life.
MSUJRB Champion Author Jackson Posts:2,984 Points:668,730 Joined:Apr 2008	Message Posted: Nov 17, 2008 10:55:31 AM Ignore MSUJRB Report Abuse Jackson, MS area - reg unld $1.71, diesel $2.62. Drill here, drill now, build refineries!!!
WreckDiver59 Sophomore Author Detroit Posts:236 Points:661,400 Joined:May 2008	Message Posted: Nov 17, 2008 10:53:42 AM Ignore WreckDiver59 Report Abuse Lets fire the government forecasters and use the money we save to bail out the auto industry.
ezdriverNC Rookie Author Charlotte Posts:10 Points:34,900 Joined:Sep 2008	Message Posted: Nov 17, 2008 10:53:39 AM Ignore ezdriverNC Report Abuse I think it is silly for us to talk about gas prices "falling." They are always going to go up until we get serious about alternative fuels. Sure, there will be times when they drop, but the trend over time is always going to be heading up.
canescommuter Champion Author Greensboro Posts:1,702 Points:383,845 Joined:Feb 2008	Message Posted: Nov 17, 2008 10:52:45 AM Ignore canescommuter Report Abuse Government predictions are usually based on past results . . Much like my stock picks it seems> :(
clothesliner Sophomore Author Houston Posts:138 Points:35,850 Joined:Oct 2008	Message Posted: Nov 17, 2008 10:52:13 AM Ignore clothesliner Report Abuse $2.37 per gallon plus or minus $1.50.
tbybee All-Star Author Omaha Posts:702 Points:316,210 Joined:Apr 2008	Message Posted: Nov 17, 2008 10:51:02 AM Ignore tbybee Report Abuse duh!
brodgua Veteran Author Idaho Posts:379 Points:103,740 Joined:Sep 2005	Message Posted: Nov 17, 2008 10:48:17 AM Ignore brodgua Report Abuse Hopefully gas prices will continue to fall.
zmancbr Veteran Author Colorado Posts:302 Points:286,730 Joined:Jul 2008	Message Posted: Nov 17, 2008 10:45:45 AM Ignore zmancbr Report Abuse Hopefully it doesn't even get that high!
w4kh Champion Author Riverside Posts:9,306 Points:1,761,100 Joined:May 2004	Message Posted: Nov 17, 2008 10:44:38 AM Ignore w4kh Report Abuse Lowering an estimate means exactly what? Like the government has a clue what the combined impact of OPEC, the economic woes of the world, and what form the recovery takes on the price of a gallon of gasoline a year from now? Interested in buying an ocean front property in Arizona - oh yeah, that might happen...
NavyEOD Champion Author Los Angeles Posts:7,697 Points:1,564,875 Joined:Jul 2007	Message Posted: Nov 17, 2008 10:44:14 AM Ignore NavyEOD Report Abuse Old news.
fromdarange Champion Author Minnesota Posts:1,328 Points:307,790 Joined:Aug 2007	Message Posted: Nov 17, 2008 10:43:27 AM Ignore fromdarange Report Abuse I agree with AH112.
gasuper All-Star Author Calgary Posts:532 Points:120,865 Joined:Jul 2008	Message Posted: Nov 17, 2008 10:43:02 AM Ignore gasuper Report Abuse wait it may go lower yet..
AH112 Champion Author Ohio Posts:5,903 Points:1,366,600 Joined:Jan 2008	Message Posted: Nov 17, 2008 10:42:59 AM Ignore AH112 Report Abuse My prediction is that in 2009 gas prices will be somewhere between free and $1000/gal. Now that I'm as qualified to be a Gov't forecaster, what do I win?
RedRam2005 Champion Author San Antonio Posts:5,691 Points:1,056,985 Joined:Dec 2007	Message Posted: Nov 17, 2008 10:42:39 AM Ignore RedRam2005 Report Abuse A guess by any other name becomes a forecast.
REVLAW Champion Author San Antonio Posts:8,022 Points:1,539,190 Joined:Jul 2007	Message Posted: Nov 17, 2008 10:41:34 AM Ignore REVLAW Report Abuse A reaction more than a reasoned estimate or projection.
diatzikis All-Star Author Raleigh Posts:947 Points:290,260 Joined:Jul 2008	Message Posted: Nov 17, 2008 10:40:13 AM Ignore diatzikis Report Abuse Ha ha
doobrah Veteran Author Virginia Beach Posts:367 Points:345,195 Joined:May 2007	Message Posted: Nov 17, 2008 10:38:16 AM Ignore doobrah Report Abuse We'll see come spring when we shift to the summer gas blend and people are chomping to hit the road for summer vacation.
pags89 Rookie Author Michigan Posts:9 Points:22,880 Joined:Oct 2008	Message Posted: Nov 17, 2008 10:35:03 AM Ignore pags89 Report Abuse can you believe people are getting paid to do this.
2009TDI All-Star Author San Diego Posts:606 Points:117,645 Joined:Aug 2008	Message Posted: Nov 17, 2008 10:33:53 AM Ignore 2009TDI Report Abuse who would have thought that one of the essential functions of gvt would be to have an Energy Information Administration.
bug27 Champion Author Kentucky Posts:37,742 Points:2,326,145 Joined:Apr 2005	Message Posted: Nov 17, 2008 10:33:01 AM Ignore bug27 Report Abuse Who knows. Their guess is no better than a GasBuddy's, right?
kanmandoo Champion Author Detroit Posts:1,350 Points:1,611,395 Joined:Jun 2005	Message Posted: Nov 17, 2008 10:29:56 AM Ignore kanmandoo Report Abuse Boy, they're real go at this!
z1000 Champion Author Indianapolis Posts:2,080 Points:338,145 Joined:May 2007	Message Posted: Nov 17, 2008 10:28:49 AM Ignore z1000 Report Abuse Yeah, they're so good at predicting...
tomok Champion Author Portland Posts:24,628 Points:1,877,535 Joined:Aug 2006	Message Posted: Nov 17, 2008 10:28:08 AM Ignore tomok Report Abuse Maybe, maybe NOT.... It could VERY WELL be $2.37. NOT! :( Its going to be lower than that!!!! One station at $1.93 and the other one at $1.99, no lines. --------------------------------- Drive a multi-fuel, reasonable cost, very reliable and high MPG vehicles...!
markgocubs Veteran Author Illinois Posts:265 Points:96,145 Joined:Oct 2008	Message Posted: Nov 17, 2008 10:28:05 AM Ignore markgocubs Report Abuse zzzzzzzz
ktran Rookie Author Omaha Posts:1 Points:12,745 Joined:Jul 2008	Message Posted: Nov 17, 2008 10:25:37 AM Ignore ktran Report Abuse I've found myself driving at 75mph (speed limit), in stead of 65 like I used to drive back when the price were high, and yet, I was passed by several trucks. Don't know how long can we keep gas price at this level before it goes up again :(
sailormon Champion Author Michigan Posts:3,167 Points:719,695 Joined:Jul 2007	Message Posted: Nov 17, 2008 10:25:34 AM Ignore sailormon Report Abuse That would be nice!
Rich_athena All-Star Author Austin Posts:907 Points:182,810 Joined:Sep 2005	Message Posted: Nov 17, 2008 10:24:56 AM Ignore Rich_athena Report Abuse good