GasBuddy Blog

GasBuddy News Article

votes

Oil and gas price forecast for 2013

Smart Planet -- My outlook for oil prices is essentially unchanged from my June forecast: Oil producers will cling to the “narrow ledge” for another year. As I predicted at that time, oil prices did in fact move back up in the second half of the year; OPEC kept output unchanged; Israel did not bomb Iran; and spare capacity increased. On the basis of that model, I would probably choose a $110 average for Brent in 2013, but I’m inclined to reduce that forecast slightly for the following reasons.

First, I expect WTI to continue to remain at a $10-15 discount to Brent, down from $17 this year, due to the ongoing glut at the Cushing, Oklahoma hub. By comparison, Goldman Sachs thinks the Brent-WTI spread could fall to as little as $4.50. Enbridge says that its Seaway pipeline will ramp up from 150,000 barrels

Read the Full Article

Submitted Dec 31, 2012 By: dave27johnson

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Oil and gas price forecast for 2013	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

CSharpGuy Champion Author Colorado Springs Posts:9,607 Points:1,925,110 Joined:Jan 2008	Message Posted: Jan 2, 2013 4:43:18 AM Ignore CSharpGuy Report Abuse I think Smart Planet is being conservative. With the liberals in charge it will be a lot worse.
MrPony Veteran Author North Carolina Posts:438 Points:413,400 Joined:Jul 2004	Message Posted: Jan 1, 2013 9:57:42 PM Ignore MrPony Report Abuse let's go back to the old days when gas was only 29 cents a gal!
mcmonsta Champion Author Honolulu Posts:3,342 Points:844,495 Joined:Sep 2009	Message Posted: Jan 1, 2013 8:33:25 PM Ignore mcmonsta Report Abuse we shall see....if the crystal ball is correct
clermont40miles Champion Author Cincinnati Posts:10,747 Points:1,798,620 Joined:Apr 2008	Message Posted: Jan 1, 2013 8:02:01 PM Ignore clermont40miles Report Abuse The fortune teller in the photo will do as good of job predicting accurately.
kishoreCA Champion Author Ventura Posts:3,297 Points:419,620 Joined:Mar 2012	Message Posted: Jan 1, 2013 7:12:13 PM Ignore kishoreCA Report Abuse so high prices at pump?
BeatOPEC All-Star Author Indianapolis Posts:870 Points:200,345 Joined:Apr 2011	Message Posted: Jan 1, 2013 7:09:05 PM Ignore BeatOPEC Report Abuse Speculators run the market... not OPEC.
mst150 Champion Author Detroit Posts:1,444 Points:186,355 Joined:Dec 2012	Message Posted: Jan 1, 2013 7:07:05 PM Ignore mst150 Report Abuse Ok
regout Champion Author Quebec Posts:3,090 Points:859,430 Joined:May 2010	Message Posted: Jan 1, 2013 7:06:47 PM Ignore regout Report Abuse No body can predict anything about the oil prices.
bbreff Champion Author Atlanta Posts:9,978 Points:2,594,165 Joined:Jun 2005	Message Posted: Jan 1, 2013 7:02:22 PM Ignore bbreff Report Abuse And this is another reason that we need to be self-sufficient.
J Eric Champion Author Los Angeles Posts:10,385 Points:2,093,070 Joined:Feb 2004	Message Posted: Jan 1, 2013 7:00:43 PM Ignore J Eric Report Abuse Just who are YOU, anyway? The Prince of Audi Arabia?
naspa Champion Author Cleveland Posts:1,412 Points:378,875 Joined:Jan 2012	Message Posted: Jan 1, 2013 6:59:12 PM Ignore naspa Report Abuse To me 2012 was the most expensive gas year I remember.
arcaneradio Champion Author Michigan Posts:2,641 Points:513,965 Joined:Dec 2010	Message Posted: Jan 1, 2013 6:58:37 PM Ignore arcaneradio Report Abuse Gas will go up. What's there to predict? The price will nearly 5 dollars. We know this. The price is being manipulated.
40mpgsaturn Champion Author Wisconsin Posts:2,595 Points:544,005 Joined:Jun 2011	Message Posted: Jan 1, 2013 6:58:06 PM Ignore 40mpgsaturn Report Abuse Only time will tell!
PoohMcGoo Champion Author Alabama Posts:3,122 Points:822,360 Joined:Dec 2010	Message Posted: Jan 1, 2013 6:57:50 PM Ignore PoohMcGoo Report Abuse Just opinions.
benjy Champion Author Chicago Posts:8,703 Points:1,814,135 Joined:Nov 2003	Message Posted: Jan 1, 2013 6:53:14 PM Ignore benjy Report Abuse overall it was'nt that bad of a year, I expect about the same 4 this one.
TDIdave Champion Author California Posts:5,183 Points:1,250,265 Joined:May 2006	Message Posted: Jan 1, 2013 6:51:18 PM Ignore TDIdave Report Abuse I wish the USA would keep USA pumped oil in the USA.
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Jan 1, 2013 6:49:37 PM Ignore fenster66 Report Abuse prices at the pump will go up, is my prediction....
itzagasgasgas1 Champion Author Cincinnati Posts:4,109 Points:1,625,995 Joined:Aug 2005	Message Posted: Jan 1, 2013 6:48:59 PM Ignore itzagasgasgas1 Report Abuse We are behind the eight ball.
ModelWarships Champion Author Missouri Posts:5,885 Points:1,250,035 Joined:Jul 2008	Message Posted: Jan 1, 2013 6:48:15 PM Ignore ModelWarships Report Abuse with 2012 being the highest average price ever, 2013 can not be far behind. Especially with 0bama in for 4 more.
germainesr Champion Author Columbia Posts:1,266 Points:377,385 Joined:Sep 2008	Message Posted: Jan 1, 2013 6:45:27 PM Ignore germainesr Report Abuse I predict that we are going to get hosed
tco9436 Champion Author Connecticut Posts:1,807 Points:743,650 Joined:Mar 2010	Message Posted: Jan 1, 2013 6:43:14 PM Ignore tco9436 Report Abuse we'll always be at the mercy of big oil
RBob Champion Author Portland Posts:3,464 Points:2,372,660 Joined:May 2004	Message Posted: Jan 1, 2013 6:42:15 PM Ignore RBob Report Abuse I predict it will go up 10, down 5, up 10, etc. all year.
rf6480 Champion Author Miami Posts:1,583 Points:569,785 Joined:Mar 2011	Message Posted: Jan 1, 2013 6:41:55 PM Ignore rf6480 Report Abuse Actually I saw gas prices go down in the 2nd half only to go up just in time for holiday driving. Thanks to the price manipulators.
BumpinButch Champion Author Texas Posts:1,741 Points:536,025 Joined:Feb 2009	Message Posted: Jan 1, 2013 6:41:47 PM Ignore BumpinButch Report Abuse I sorta think that the BOG (Big Oil Greedies) will keep their BFF (Big Fat Fingers) on the HOLD button as to letting off on the Downward Trend in the Gas/Oil markets.... but what do you really think? Watching the Congress work on a TAX Plan that really won't help the 98% of US (We The People)is as bad as Eating Lead Paint for many.........
Janetique Champion Author Virginia Beach Posts:1,238 Points:769,520 Joined:Jul 2008	Message Posted: Jan 1, 2013 6:41:23 PM Ignore Janetique Report Abuse ok. time will tell.
CISA Champion Author Orange County Posts:6,041 Points:1,418,665 Joined:Dec 2006	Message Posted: Jan 1, 2013 6:40:14 PM Ignore CISA Report Abuse Yes to gas prices going UP! Why? ..... Gas prices go up when the economy is exceeding 3% growth--- more jobs, more demand Gas prices down when the economy is under 2% growth--- fewer jobs, less demand which do you prefer??
us4usa Champion Author Missouri Posts:6,118 Points:1,136,670 Joined:May 2008	Message Posted: Jan 1, 2013 6:39:52 PM Ignore us4usa Report Abuse My forecast for 2013 is the higher gas prices the less money people have for goods...
sleuth696 Champion Author Ventura Posts:1,068 Points:229,190 Joined:Oct 2012	Message Posted: Jan 1, 2013 6:38:57 PM Ignore sleuth696 Report Abuse ok
VanIsleLes All-Star Author British Columbia Posts:898 Points:294,545 Joined:Jun 2012	Message Posted: Jan 1, 2013 6:38:40 PM Ignore VanIsleLes Report Abuse nobody really knows til they do it
FortVancouver01 Champion Author Washington Posts:1,243 Points:312,160 Joined:Jul 2012	Message Posted: Jan 1, 2013 6:38:08 PM Ignore FortVancouver01 Report Abuse I predict prices will go up with speculation in full force.
Bullseye520 Champion Author Louisville Posts:2,332 Points:694,115 Joined:Apr 2011	Message Posted: Jan 1, 2013 6:37:52 PM Ignore Bullseye520 Report Abuse Speculators need to be removed from the market!
Sapper08 Champion Author Indianapolis Posts:1,203 Points:347,230 Joined:Mar 2012	Message Posted: Jan 1, 2013 6:37:08 PM Ignore Sapper08 Report Abuse We continue to subsidize an industry that profits billions each quarter!
MotoDad Champion Author Phoenix Posts:1,168 Points:833,430 Joined:Sep 2006	Message Posted: Jan 1, 2013 6:34:18 PM Ignore MotoDad Report Abuse I predict the oil companies will make billions of dollars.
unclenorman Champion Author Tampa Posts:1,474 Points:165,880 Joined:Jan 2012	Message Posted: Jan 1, 2013 6:34:06 PM Ignore unclenorman Report Abuse Remove oil/gas from the commodity markets.
dookitout Veteran Author Michigan Posts:277 Points:90,485 Joined:Oct 2008	Message Posted: Jan 1, 2013 6:32:16 PM Ignore dookitout Report Abuse Krackah Pleeeze.
danreino Champion Author Twin Cities Posts:8,469 Points:1,563,535 Joined:Mar 2008	Message Posted: Jan 1, 2013 6:32:12 PM Ignore danreino Report Abuse You can wish in one hand...
Ray_10589 Champion Author New York Posts:5,076 Points:1,209,485 Joined:May 2009	Message Posted: Jan 1, 2013 6:31:23 PM Ignore Ray_10589 Report Abuse OK Merry Christmas and Happy New Year
tidalwave3 Champion Author Tallahassee Posts:1,365 Points:1,488,745 Joined:Jun 2008	Message Posted: Jan 1, 2013 6:30:10 PM Ignore tidalwave3 Report Abuse Forecasts are like xxxx xxx everybody's got one :P
1Boog Champion Author Lincoln Posts:6,101 Points:1,225,925 Joined:May 2004	Message Posted: Jan 1, 2013 6:28:44 PM Ignore 1Boog Report Abuse just another scare blog to try and make oil and fuel prices go back up!!
TheHermit Champion Author Maine Posts:3,445 Points:138,020 Joined:May 2012	Message Posted: Jan 1, 2013 6:27:14 PM Ignore TheHermit Report Abuse Forecasts are like butts, everyone has one
fire@53 Champion Author Philadelphia Posts:11,968 Points:2,796,025 Joined:May 2003	Message Posted: Jan 1, 2013 6:27:11 PM Ignore fire@53 Report Abuse The election is over now prices will go up for gas.
5Golfer8 Champion Author Tucson Posts:2,258 Points:325,950 Joined:Jun 2011	Message Posted: Jan 1, 2013 6:26:32 PM Ignore 5Golfer8 Report Abuse And the BS starts.
GasSpy007 Champion Author New York City Posts:1,953 Points:514,075 Joined:Nov 2011	Message Posted: Jan 1, 2013 6:25:44 PM Ignore GasSpy007 Report Abuse ohhhh please.. forecast.. paleeeezzzz...
sit Champion Author Cleveland Posts:5,325 Points:1,958,620 Joined:Feb 2006	Message Posted: Jan 1, 2013 6:24:29 PM Ignore sit Report Abuse Up.
JagXKR Champion Author British Columbia Posts:3,288 Points:1,117,365 Joined:Dec 2009	Message Posted: Jan 1, 2013 6:23:17 PM Ignore JagXKR Report Abuse Predictions are worthless.
savannahoaks Champion Author Rockford Posts:2,832 Points:661,960 Joined:Mar 2011	Message Posted: Jan 1, 2013 6:22:32 PM Ignore savannahoaks Report Abuse Prices will go up, then go down, then go up, then go down, then......
Skychief All-Star Author Florida Posts:746 Points:407,915 Joined:May 2006	Message Posted: Jan 1, 2013 6:20:01 PM Ignore Skychief Report Abuse I have yet to see anybody make an accurate forecast so why bother?
carpenter4u Champion Author Virginia Posts:2,476 Points:638,020 Joined:Jul 2011	Message Posted: Jan 1, 2013 6:18:07 PM Ignore carpenter4u Report Abuse I predict unstable prices
FogCitySpotter Champion Author San Francisco Posts:2,615 Points:546,815 Joined:Apr 2007	Message Posted: Jan 1, 2013 6:17:14 PM Ignore FogCitySpotter Report Abuse A few new refineries would really help to lower gas prices.
dasimon All-Star Author Florida Posts:556 Points:573,050 Joined:Mar 2011	Message Posted: Jan 1, 2013 6:15:40 PM Ignore dasimon Report Abuse Ok