AP Oil analyst Tom Kloza said he expects to see retail prices below
$2 a gallon in some markets by the end of this year.


Gas Prices Plummet Amid Falling Demand
(AP)
NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline
in the United States plunged more than 25 cents in the past two weeks,
as refining capacity was restored and demand slowed, a survey showed
Sunday.

Still, prices remained slightly higher than pre-Hurricane Katrina
levels.

The national average for self-serve, regular unleaded gasoline was
$2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct.
7, according to the nationwide Lundberg survey of about 6,000 gas
stations.

"This is the biggest drop in a two week period that we have ever seen
in our many decades surveying the gasoline market, survey editor Trilby
Lundberg said.

Supply is up due to restoration of refining capacity, which was damaged
during Hurricanes Katrina and Rita, Lundberg said.

Demand was dampened as consumers cut back on gasoline consumption in
response to skyrocketing prices, as well as by evacuations of areas
such as the Gulf Coast.

Of the areas surveyed, Honolulu had the highest average price at $3.03
a gallon for self-serve, regular unleaded gas on Oct. 21, while the
lowest average price was $2.20 a gallon in Tulsa, Oklahoma.

Preliminary data shows gasoline demand is 2 percent to 3 percent lower
than a year ago, Lundberg said.

The current U.S. average price for a gallon of gasoline is just 3 cents
above the pre-Katrina price, Lundberg said.

"It's been a real roller coaster since then," she said.

"The supply and demand were grossly out of balance and remain somewhat
out of balance in the gas market,'' Lundberg said. "But that balance is
normalizing as refining capacity is brought back up.''

Lundberg said she expected the cost-cutting to continue in the coming
weeks unless an extreme winter drives up heating oil demand and affects
the price of crude oil and its derivatives.

Lundberg said Hurricane Wilma, which is bearing down on Florida after
hitting Mexico, seems to be benign to gas supply, but not to gasoline
demand. "The evacuations do remove some demand."

10-23-05 15:55 EDT

Good, now maybe someone can explain the predicted hike in natural gas
prices.

On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote:

Good, now maybe someone can explain the predicted hike in natural gas
prices.

Maybe? :

http://www.culturechange.org/fall_pe...tural_gas.html

"thunder" wrote in message
...
On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote:

Good, now maybe someone can explain the predicted hike in natural gas
prices.

Maybe? :

http://www.culturechange.org/fall_pe...tural_gas.html


I don't know.....blue eyes says it's because of winter. But, the hikes being
mentioned on the news are beyond the usual seasonal adjustments. He must be
right, though.
puke

Doug Kanter wrote:
"thunder" wrote in message
...

On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote:


Good, now maybe someone can explain the predicted hike in natural gas
prices.

Maybe? :

http://www.culturechange.org/fall_pe...tural_gas.html



I don't know.....blue eyes says it's because of winter. But, the hikes being
mentioned on the news are beyond the usual seasonal adjustments. He must be
right, though.
puke


They tell us around here that the price of natural gas is somehow linked
to the price of oil. Lot of people were disappointed when our offshore
gas came in and it wasn't worthwhile to convert oil furnaces to gas.
Supposedly better to send all our gas stateside while we burn dirty coal
for our electricity and oil for heating fuel. Go figure!

Doug Kanter wrote:

Good, now maybe someone can explain the predicted hike in natural gas
prices.


Market forces. Price here has nothing to do with demand, NG is
priced as a proportion of gas price, based on energy content. NG was
vented for many years at oil wellheads, as uneconomical to pipeline,
until pollution controls demanded that it be not discarded to the
atmosphere. Yes, all that cast off methane over the last 50 years or
so that is the real source of global warming! That dirty little
secret fact forced the oilcos to promote and sell it, with back room
legal protection from government action, 'cause we users demand to
burn it. Ureka! Huge market for free-to-oilco-castoffs. Where is
our class action suit? Webo knows.

They get it for free, needed only package it. They saw no real
useful demand until they made it available. Short sighted?

Who? Not the oil guys, eh?

Electric cars are coming. Electric shingles are coming. Salvation
is at hand. The heathen oil guys are panicking, too stupid to get
ahead of the curve, complacent, besotted in their unmanageable
wealth, as fossillized as their source of wealth.

Terry K

Keep drinking the kool-aid

"Terry Spragg" wrote in message
...
Doug Kanter wrote:

Good, now maybe someone can explain the predicted hike in natural gas
prices.


Market forces. Price here has nothing to do with demand, NG is
priced as a proportion of gas price, based on energy content. NG was
vented for many years at oil wellheads, as uneconomical to pipeline,
until pollution controls demanded that it be not discarded to the
atmosphere. Yes, all that cast off methane over the last 50 years or
so that is the real source of global warming! That dirty little
secret fact forced the oilcos to promote and sell it, with back room
legal protection from government action, 'cause we users demand to
burn it. Ureka! Huge market for free-to-oilco-castoffs. Where is
our class action suit? Webo knows.

They get it for free, needed only package it. They saw no real
useful demand until they made it available. Short sighted?

Who? Not the oil guys, eh?

Electric cars are coming. Electric shingles are coming. Salvation
is at hand. The heathen oil guys are panicking, too stupid to get
ahead of the curve, complacent, besotted in their unmanageable
wealth, as fossillized as their source of wealth.

Terry K

D-unit wrote:

AP Oil analyst Tom Kloza said he expects to see retail prices below
$2 a gallon in some markets by the end of this year.


Gas Prices Plummet Amid Falling Demand
(AP)
NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline
in the United States plunged more than 25 cents in the past two weeks,
as refining capacity was restored and demand slowed, a survey showed
Sunday.

Still, prices remained slightly higher than pre-Hurricane Katrina
levels.

The national average for self-serve, regular unleaded gasoline was
$2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct.
7, according to the nationwide Lundberg survey of about 6,000 gas
stations.

"This is the biggest drop in a two week period that we have ever seen
in our many decades surveying the gasoline market, survey editor Trilby
Lundberg said.

Supply is up due to restoration of refining capacity, which was damaged
during Hurricanes Katrina and Rita, Lundberg said.

Demand was dampened as consumers cut back on gasoline consumption in
response to skyrocketing prices, as well as by evacuations of areas
such as the Gulf Coast.

Of the areas surveyed, Honolulu had the highest average price at $3.03
a gallon for self-serve, regular unleaded gas on Oct. 21, while the
lowest average price was $2.20 a gallon in Tulsa, Oklahoma.

Preliminary data shows gasoline demand is 2 percent to 3 percent lower
than a year ago, Lundberg said.

The current U.S. average price for a gallon of gasoline is just 3 cents
above the pre-Katrina price, Lundberg said.

"It's been a real roller coaster since then," she said.

"The supply and demand were grossly out of balance and remain somewhat
out of balance in the gas market,'' Lundberg said. "But that balance is
normalizing as refining capacity is brought back up.''

Lundberg said she expected the cost-cutting to continue in the coming
weeks unless an extreme winter drives up heating oil demand and affects
the price of crude oil and its derivatives.

Lundberg said Hurricane Wilma, which is bearing down on Florida after
hitting Mexico, seems to be benign to gas supply, but not to gasoline
demand. "The evacuations do remove some demand."

10-23-05 15:55 EDT


So, are you suggesting that if 5 million NOers stop driving, the
what, 5 million gallons a day drop in consumption, could bring down
demand and price significantly? That would be, what, 100,000 barrels
of gas per day?

That would be good news, if only it affected people's perception of
what a few percent decrease in demand could do to the oil guys. Mind
you, other uses like disposable plastic packaging and other plastic
junk also drives demand for oil.

Reduce useage and wasteful packaging! Seems Wall-Mart might be
announcing something along that line, what?

Terry K

"Terry Spragg" wrote in message
...
D-unit wrote:

AP Oil analyst Tom Kloza said he expects to see retail prices below
$2 a gallon in some markets by the end of this year.


Gas Prices Plummet Amid Falling Demand
(AP)
NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline
in the United States plunged more than 25 cents in the past two weeks,
as refining capacity was restored and demand slowed, a survey showed
Sunday.

Still, prices remained slightly higher than pre-Hurricane Katrina
levels.

The national average for self-serve, regular unleaded gasoline was
$2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct.
7, according to the nationwide Lundberg survey of about 6,000 gas
stations.

"This is the biggest drop in a two week period that we have ever seen
in our many decades surveying the gasoline market, survey editor Trilby
Lundberg said.

Supply is up due to restoration of refining capacity, which was damaged
during Hurricanes Katrina and Rita, Lundberg said.

Demand was dampened as consumers cut back on gasoline consumption in
response to skyrocketing prices, as well as by evacuations of areas
such as the Gulf Coast.

Of the areas surveyed, Honolulu had the highest average price at $3.03
a gallon for self-serve, regular unleaded gas on Oct. 21, while the
lowest average price was $2.20 a gallon in Tulsa, Oklahoma.

Preliminary data shows gasoline demand is 2 percent to 3 percent lower
than a year ago, Lundberg said.

The current U.S. average price for a gallon of gasoline is just 3 cents
above the pre-Katrina price, Lundberg said.

"It's been a real roller coaster since then," she said.

"The supply and demand were grossly out of balance and remain somewhat
out of balance in the gas market,'' Lundberg said. "But that balance is
normalizing as refining capacity is brought back up.''

Lundberg said she expected the cost-cutting to continue in the coming
weeks unless an extreme winter drives up heating oil demand and affects
the price of crude oil and its derivatives.

Lundberg said Hurricane Wilma, which is bearing down on Florida after
hitting Mexico, seems to be benign to gas supply, but not to gasoline
demand. "The evacuations do remove some demand."

10-23-05 15:55 EDT


So, are you suggesting that if 5 million NOers stop driving, the what, 5
million gallons a day drop in consumption, could bring down demand and
price significantly? That would be, what, 100,000 barrels of gas per day?

That would be good news, if only it affected people's perception of what a
few percent decrease in demand could do to the oil guys. Mind you, other
uses like disposable plastic packaging and other plastic junk also drives
demand for oil.

Reduce useage and wasteful packaging! Seems Wall-Mart might be announcing
something along that line, what?

What's Wal Mart saying about packaging? Teaching their cashiers that a pack
of gum doesn't require a bag?