• 22 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 1 day Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 1 day Shell Restarts Bonny Light Exports
  • 1 day Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Is OPEC Considering Deeper Output Cuts?

Is OPEC Considering Deeper Output Cuts?

You could argue OPEC and…

Why US Gasoline Prices will Fall in the Coming Weeks

Why US Gasoline Prices will Fall in the Coming Weeks

Even though gasoline prices in the US are currently $0.15 a gallon higher than this time last year, and have been constantly rising for the past two months, Robert Rapier predicts that they will start to fall rapidly in the coming weeks.

First, he states, is the fact that the price spike caused by Hurricane Isaac will quickly drop due to the fact that the damage to infrastructure seems to be small and therefore oil and natural gas production is expected to return to normal very soon.

He also reminds us that the summer is over. That means two things; one, that the driving season is over so demand for gasoline will fall; and two, that on the 15th of September the cost of gasoline will drop and supply increase as winter gasoline is supplied to the pumps. Winter gasoline is made up of a different blend of hydrocarbons than summer gasoline, as explained in this article.

These factors make it very likely that gasoline prices will now fall in the run up to the elections. Of course there are always other factors that could come about and cause the prices to rise, but the as things currently stand you should expect prices to drop.

An even larger drop could occur if Obama decides to release oil from the Strategic Petroleum Reserve.

By. Charles Kennedy of Oilprice.com

Receive Detailed Investment Research Reports for FREE Every Week - with the Oilprice.com Oil & Energy Insider Newsletter

How you benefit from our FREE Weekly Publication

Discover trends, risks & opportunities ahead of other investors and industry competitors.
Receive investment advice normally reserved for Hedge Fund Clients.
Access our global network of inside sources and top-level energy industry contacts.
Strategic advice from corporate & military intelligence analysts.
Inside scoop on important global events – long before it becomes headline new

Click Here to Learn More.



Join the discussion | Back to homepage

Leave a comment
  • Nothing But Gingerbread Left on September 13 2012 said:
    Sorry Charlie, you've taken the latest train to Crazytown (Population = You!). Put down the crack pipe, take off the Ron Paul (tm) Tinfoil Hat, and just repeat this mantra...

    "five BUCKS a GALlon GASoline by CHRISTmas"

    Repeat it until you can't get it out of your head:

    "five BUCKS a GALlon GASoline by CHRISTmas"

    Keep it up till Christmas finally arrives. Then, when you see that it's a good deal above 5 bucks a gallon, you will thank me for the info. Of course, your poorer friends may not be able to drive to town for groceries or (if they're in New York's North Country) be able to use heating oil, but at least you can tell them that I told ya so.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News