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Four-Day Gas Gougecast for San Diego, 9-20-10 - Gas prices poised to climb for the short term

x~~~~x~~~~x~~-~  September 20, 2010 ~~x~~~~x~~~

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GAS      - Buy, Buy, Buy, Buy


DIESEL   - SHOP, SHOP, SHOP, SHOP

OUR PREVIOUS PREDICTION:

We said gas prices would drop one to four cents.

We said diesel prices would drop slightly (1/2 cent) then climb from 1/2 to two cents.

TODAY'S PREDICTION:

Prices are reversing course and will climb 1/2 cent to three cents.  
Prices for diesel will continue to fluctuate a penny and one-half or so in either direction

WHAT HAPPENED: 

Gas dropped a penny EXACTLY as predicted, while diesel increased half a penny.

COMMENTS ANALYSIS:

In the very short term prices are headed up. We don't expect them to gush upward, but they will push closer to $3 than they are today. Buy gas now and save a few cents. We mentioned earlier that getting the average below $3 was like Caesar's crossing the Rubicon. But when gas costs $3 a gallon, only half the troops have crossed the Rubicon, so there is always a possibility of turning back.  In other words, while the majority of stations are below $3 on average, quite a few are above the critical $3 price point.

 This week will be interesting. Wholesale prices are down slightly on average, (three tenths cent since Thursday, and about a penny in the last week)  but the prices cuts this week are so minimal that they are almost meaningless.

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San Diego CHANGE Monday  Thursday Monday 
    9/20/2010 9/16/2010 9/13/2010
SD RUL ($0.010) 2.968 2.977 2.996
SD DSL $0.004 3.170 3.166 3.165

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All Regions
Monday  Thursday Monday 
CHANGE 9/20/2010 9/16/2010 9/13/2010
(0.0095) San Diego RUL 2.968 2.977 2.996
0.0043 San Diego DSL 3.170 3.166 3.165
(0.0170) Los Angeles RUL 2.951 2.968 2.986
(0.0010) Los Angeles DSL 3.187 3.188 3.217
(0.0020) Orange Cnty RUL  2.957 2.959 2.983
0.0040 Orange Cnty RUL  3.169 3.165 3.146
(0.0170) San Bern RUL 2.924 2.941 2.961
(0.0030) San Bern DSL  3.168 3.171 3.151
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