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Good-bye "Debbie Downer," Hello $4 a gallon gas ... maybe ...

Sometimes I feel like Debbie Downer ... but not today.  
 
Today I am predicting that gas prices should drop 1¢ to 6¢ by
Thursday, and perhaps more at unbranded independently owned
gas stations, which could push the average price of gasoline below
$4 a gallon for the first time since March.
 
In case you are not  aware of Debbie Downer, she's the Saturday 
Night Live TV character who always finds the cloud inside every

Gas prices in Southern California will remain flat over Fourth of July Weekend.

Last Thursday I correctly predicted that gasoline prices would climb
1/2 cent to 4¢ by today.

Gas Prices are climbing in Southern California and it has nothing to do with Iraq.

I am forecasting that Southern California gasoline prices will either stay flat or increase through Thursday by as much as 5¢ a gallon. Price volatility has rocked local California gasoline wholesale markets over the weekend, but it doesn't have anything to do with oil prices or Iraq.

Rockets and feathers: Why gas prices are not dropping

The cost of surplus gasoline has collapsed by 28¢ in the last seven
days. In a normal market, Southern California gas prices should be
dropping like a box of hot rocks, but they aren't ... instead we are seeing
what anti-trust investigators have called the "feather" effect, or what
economists call "sticky prices." When former California Attorney General
Bill Lockyer investigated California gas prices, his analysts said "In California
gasoline prices go up like a rocket and down like a feather."

Four reasons California gasoline prices are going to increase soon.

For more information, contact Charles Langley 858-752-4600

In the next few days, Southern California gas prices at a handful of 
gas stations might drop a penny or two due to wholesale price fluctations,

Refined gasoline supplies are at five month high, and prices could go up.

 Gasoline supplies are up . So are wholesale gas prices.

Gasoline prices should continue to weaken through Monday

At this time, the spot market for gas prices are "backwardated" 
or in lay terms, "bassackwards."  Backwardation occurs when 
the current price of spot fuel (currently at $2.73 a gallon) 
costs less than the expected futures price. 
 
Why traders are expecting a higher futures price in November and
December doesn't make much sense.

Expect a pounding at the pump from September 12 through September 16

Gas prices will increase from 3 to 15¢ a gallon by Monday, and
it has nothing to do with Syria and a LOT to do with the fact that
almost 1/3 of California's refining capacity has been shut off.

Analysts like cause and effect, and when they don't know WHY
prices are going up they always reach for the latest current
event to explain the situation. If you hear analysts blaming
Syria for our high gas prices in the next few days, don't
believe a word they say. There is no correlation. Syria does
not supply California with any gasoline.

A possible record-breaking price surge for Southern California gasoline is underway.

We are predicting that gas prices will surge from 5¢ to 17¢ a gallon by
Monday morning, June 24.

ANALYSIS:

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