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GasBuddy News Article


DOE projects lower
Wednesday, November 19, 2008
Bulk Transporter -- With a weak economy projected to continue through most of 2009, along with lower crude oil prices, the average diesel price in 2009 is projected to be $1.08 lower than the average in 2008, according to the Short-Term Energy Outlook, a monthly report from the Department of Energy (DOE).

DOE is predicting that prices next year will average about $2.73 per gallon. That compares to last week's price of $2.809 per gallon, 13.5 cents less than the week before. The price of diesel has been in a nose-dive since mid-July.

The 2009 narrowing of margins reflects a projected slowing of the growth in distillate fuel usage outside the United States and a weakening of refining margins during the economic slowdown, according to the DOE report.


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JT
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Message Posted: 11/19/2008 10:01:56 AM  Ignore JT Report Abuse
Wednesday, November 19, 2008
Bulk Transporter -- With a weak economy projected to continue through most of 2009, along with lower crude oil prices, the average diesel price in 2009 is projected to be $1.08 lower than the average in 2008, according to the Short-Term Energy Outlook, a monthly report from the Department of Energy (DOE).

DOE is predicting that prices next year will average about $2.73 per gallon. That compares to last week's price of $2.809 per gallon, 13.5 cents less than the week before. The price of diesel has been in a nose-dive since mid-July.

The 2009 narrowing of margins reflects a projected slowing of the growth in distillate fuel usage outside the United States and a weakening of refining margins during the economic slowdown, according to the DOE report.

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REPLIES (newest first)
rd2000
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Florida

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Message Posted: 11/22/2008 2:24:41 AM  Ignore rd2000 Report Abuse
good for us, keep driving less
Don1222
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Michigan

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Message Posted: 11/21/2008 2:41:09 PM  Ignore Don1222 Report Abuse
Liberty2000: You are correct for many reasons. Unfortunately there are fewer and fewer of you. But you are better for it.
Mr.Dirt
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Albany

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Message Posted: 11/20/2008 11:11:17 AM  Ignore Mr.Dirt Report Abuse
no jobs no money
jaysun420
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Kansas City

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Message Posted: 11/20/2008 11:06:17 AM  Ignore jaysun420 Report Abuse
Like i said before the local weathman stand a better chance of being right!
TrestleMerger
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Seattle

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Message Posted: 11/20/2008 11:05:01 AM  Ignore TrestleMerger Report Abuse
At least we have this going for us.
USAFA82
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Colorado Springs

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Message Posted: 11/20/2008 11:03:14 AM  Ignore USAFA82 Report Abuse
cool
nyacoub1
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Chicago

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Message Posted: 11/20/2008 11:01:51 AM  Ignore nyacoub1 Report Abuse
lower, lower, lower.
cantstopruh
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North Dakota

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Message Posted: 11/20/2008 11:00:14 AM  Ignore cantstopruh Report Abuse
They don't even know this they could be 50 cents to a dollar off
JPGKC
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Tampa

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Message Posted: 11/20/2008 10:58:04 AM  Ignore JPGKC Report Abuse
Yes, it's speculation.
gasuper
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Calgary

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Message Posted: 11/20/2008 10:57:00 AM  Ignore gasuper Report Abuse
conserve, conserve, conserve
Liberty2000
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Indianapolis

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Message Posted: 11/20/2008 10:54:12 AM  Ignore Liberty2000 Report Abuse
Just as with gasoline. Conserve! Conserve! Grow as much of your own food as you can.
Buy in bulk. Buy locally from farmers. Pick your own fruit, where possible. Buy mostly unprocessed foods. Stay away from the ripoff stores.
AlaRedNeck
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Kansas

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Message Posted: 11/20/2008 10:53:52 AM  Ignore AlaRedNeck Report Abuse
boy are they behind the curve...
cj77
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New Jersey

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Message Posted: 11/20/2008 10:53:04 AM  Ignore cj77 Report Abuse
can some one explain this speculations..
jwells1954
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Albuquerque

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Message Posted: 11/20/2008 10:52:13 AM  Ignore jwells1954 Report Abuse
About time.
cloud23465
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Virginia Beach

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Message Posted: 11/20/2008 10:51:10 AM  Ignore cloud23465 Report Abuse
I like how we can tell what the prices are going to be before we even get there... something really wrong with this picture.
Japsmith
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Tacoma

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Message Posted: 11/20/2008 10:49:10 AM  Ignore Japsmith Report Abuse
Now who is gouging us? Shouldn't food prices be falling like the gas prices?
digs2gary
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Rochester

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Message Posted: 11/20/2008 10:48:52 AM  Ignore digs2gary Report Abuse
We want low prices
Kthyme
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Fort Worth

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Message Posted: 11/20/2008 10:47:05 AM  Ignore Kthyme Report Abuse
Let's drill and really get it down there!!!

[Edited by: Kthyme at 11/20/2008 10:52:28 AM EST]
phoenix22
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Grand Rapids

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Message Posted: 11/20/2008 10:45:49 AM  Ignore phoenix22 Report Abuse
no wonder is right
brodgua
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Idaho

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Message Posted: 11/20/2008 10:43:40 AM  Ignore brodgua Report Abuse
Good news.
phoenix22
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Grand Rapids

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Message Posted: 11/20/2008 10:43:18 AM  Ignore phoenix22 Report Abuse
this new generation of morons w/degrees.........shows you that something in our education system is severely flawed. like the profs........for starters......

the whole business world's exec's and management has their collective arsusbuttikus in the beachhead.....deeply

you wouldn't even recognize this game as..... corporate baseball anymore......

more like grand theft auto..........i mean assets!

i know cute....clever.......maybe............but the point is: we all pay.......even us folk that were educated correctly.....and are older...

at least the 3 or 4 ceo's from detroit could have buddied up and flown on 1 corporate jet instead of 4.........or 3 or whatever........the colliefornia congressman......made it look like game over.......

bankruptcy is the right alternative for these folks.......not government lunches.....breakfasts and dinners........in my humble opinion
PTW-Gas
Rookie Author
Allentown

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Message Posted: 11/20/2008 10:43:12 AM  Ignore PTW-Gas Report Abuse
Should keep dropping as demand for gas & diesel keeps dropping.
Jim621
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Cleveland

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Message Posted: 11/20/2008 10:42:03 AM  Ignore Jim621 Report Abuse
Yes, its going to take some time to turn around this economy
mattf373
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Atlanta

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Message Posted: 11/20/2008 10:41:56 AM  Ignore mattf373 Report Abuse
fall baby fall
Sisipepe
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Maryland

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Message Posted: 11/20/2008 10:41:29 AM  Ignore Sisipepe Report Abuse
Your right traindude. Diesel affects all prices.
FFootdoc12
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Illinois

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Message Posted: 11/20/2008 10:41:12 AM  Ignore FFootdoc12 Report Abuse
keep consumption down
traindude
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Virginia Beach

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Message Posted: 11/20/2008 10:40:06 AM  Ignore traindude Report Abuse
need to do more about diesel
mmene
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Houston

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Message Posted: 11/20/2008 10:38:22 AM  Ignore mmene Report Abuse
Right, diesel is not falling as fast as gasoline.
MajorSteve
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Oklahoma City

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Message Posted: 11/20/2008 10:38:16 AM  Ignore MajorSteve Report Abuse
Down to 1.63 here today!
Don20
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Oklahoma City

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Message Posted: 11/20/2008 10:36:05 AM  Ignore Don20 Report Abuse
Diesel is still to high, when compared to the cost of production..
AZDaisy
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Arizona

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Message Posted: 11/20/2008 10:34:49 AM  Ignore AZDaisy Report Abuse
keep falling
RoachApproach
Rookie Author
Indiana

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Message Posted: 11/20/2008 10:33:13 AM  Ignore RoachApproach Report Abuse
I hope my paycheck doesn't drop! I'm happy to be employed, I'm happy to be employed. I'm not in the auto industry but I'm happy to be employed!!
answerdave
Rookie Author
Miami

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Message Posted: 11/20/2008 10:30:22 AM  Ignore answerdave Report Abuse
how everything continues to drop.
We need employment to rise.
flatcoatfun
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Orlando

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Message Posted: 11/20/2008 10:29:00 AM  Ignore flatcoatfun Report Abuse
conserve and keep it dropping
z1000
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Indianapolis

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Message Posted: 11/20/2008 10:28:22 AM  Ignore z1000 Report Abuse
These are the same idiots who said oil wouldn't drop below $3 next year. Their predictions are worthless...
harbnger
Veteran Author
Louisiana

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Message Posted: 11/20/2008 10:27:27 AM  Ignore harbnger Report Abuse
No such good news for truckers... This $h*t used to be CHEAPER than gasoline. For crying out loud it's easier to make!! There's some real profiteering going on around here. It's no wonder refineries have put 4 foot thick concrete walls up.
Sisipepe
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Maryland

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Message Posted: 11/20/2008 10:27:24 AM  Ignore Sisipepe Report Abuse
DOE ought to project a lawsuit for price gouging. Diesel should be $2 a gallon.
Bruno44
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Texas

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Message Posted: 11/20/2008 10:25:56 AM  Ignore Bruno44 Report Abuse
Right, hope the food prices drop.
Avalanchegirl
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Denver

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Message Posted: 11/20/2008 10:25:32 AM  Ignore Avalanchegirl Report Abuse
everything needs to drop.
rd2000
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Florida

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Message Posted: 11/20/2008 10:24:03 AM  Ignore rd2000 Report Abuse
yes i would like cheap food back too
amacquarrie
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Nevada

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Message Posted: 11/20/2008 10:23:30 AM  Ignore amacquarrie Report Abuse
we'll see
rmcknightmcp
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Austin

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Message Posted: 11/20/2008 10:23:12 AM  Ignore rmcknightmcp Report Abuse
I want my cheap food back
rerosales
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Corpus Christi

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Message Posted: 11/20/2008 10:22:43 AM  Ignore rerosales Report Abuse
Gas prices will continue to fall until the economy recovers.
AC-302
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Los Angeles

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Message Posted: 11/20/2008 10:21:54 AM  Ignore AC-302 Report Abuse
"DOE projects lower"? Forgive me if I'm wrong, but is there not a predicate missing in this title??
chas_commuter
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South Carolina

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Message Posted: 11/20/2008 10:21:53 AM  Ignore chas_commuter Report Abuse
Oil down, gas down, consumer pricing down, now all we need is Energy & Food to come down
Gassie1
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Akron

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Message Posted: 11/20/2008 10:21:23 AM  Ignore Gassie1 Report Abuse
Now what about lower prices for everything that increased during higher fuel prices?
laddyboy62
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Riverside

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Message Posted: 11/20/2008 10:20:32 AM  Ignore laddyboy62 Report Abuse
STAY AT UNDER 2$ WILL BE GREAT...AT LEAST BETTER THEN MID 4s
laddyboy62
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Riverside

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Message Posted: 11/20/2008 10:17:08 AM  Ignore laddyboy62 Report Abuse
VERY HEARTENING
SeerLV
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Las Vegas

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Message Posted: 11/20/2008 10:16:31 AM  Ignore SeerLV Report Abuse
If the economy stays in the crapper the price might be much lower.
USAFAMMO
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Virginia

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Message Posted: 11/20/2008 10:16:27 AM  Ignore USAFAMMO Report Abuse
It is still 2.99 here????
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