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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


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Submitted Dec 31, 2012 By: dave27johnson
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil and gas price forecast for 2013 Back to Topics
REPLIES (newest first) Post a Reply
CSharpGuy
Champion Author Colorado Springs

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Message Posted: Jan 2, 2013 4:43:18 AM

I think Smart Planet is being conservative. With the liberals in charge it will be a lot worse.
MrPony
All-Star Author North Carolina

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Message Posted: Jan 1, 2013 9:57:42 PM

let's go back to the old days when gas was only 29 cents a gal!
mcmonsta
Champion Author Honolulu

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Message Posted: Jan 1, 2013 8:33:25 PM

we shall see....if the crystal ball is correct
clermont40miles
Champion Author Cincinnati

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Message Posted: Jan 1, 2013 8:02:01 PM

The fortune teller in the photo will do as good of job predicting accurately.
kishoreCA
Champion Author Ventura

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Message Posted: Jan 1, 2013 7:12:13 PM

so high prices at pump?
BeatOPEC
Champion Author Indianapolis

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Message Posted: Jan 1, 2013 7:09:05 PM

Speculators run the market... not OPEC.
mst150
Champion Author Detroit

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Message Posted: Jan 1, 2013 7:07:05 PM

Ok
regout
Champion Author Quebec

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Message Posted: Jan 1, 2013 7:06:47 PM

No body can predict anything about the oil prices.
bbreff
Champion Author Atlanta

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Message Posted: Jan 1, 2013 7:02:22 PM



And this is another reason that we need to be self-sufficient.

J Eric
Champion Author Los Angeles

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Message Posted: Jan 1, 2013 7:00:43 PM

Just who are YOU, anyway? The Prince of Audi Arabia?
naspa
Champion Author Cleveland

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Message Posted: Jan 1, 2013 6:59:12 PM

To me 2012 was the most expensive gas year I remember.
arcaneradio
Champion Author Michigan

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Message Posted: Jan 1, 2013 6:58:37 PM

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

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Message Posted: Jan 1, 2013 6:58:06 PM

Only time will tell!
PoohMcGoo
Champion Author Alabama

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Message Posted: Jan 1, 2013 6:57:50 PM

Just opinions.
benjy
Champion Author Chicago

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Message Posted: Jan 1, 2013 6:53:14 PM

overall it was'nt that bad of a year, I expect about the same 4 this one.
TDIdave
Champion Author California

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Message Posted: Jan 1, 2013 6:51:18 PM

I wish the USA would keep USA pumped oil in the USA.
fenster66
Champion Author Pittsburgh

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Message Posted: Jan 1, 2013 6:49:37 PM

prices at the pump will go up, is my prediction....
itzagasgasgas1
Champion Author Cincinnati

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Message Posted: Jan 1, 2013 6:48:59 PM

We are behind the eight ball.
ModelWarships
Champion Author Missouri

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Message Posted: Jan 1, 2013 6:48:15 PM

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

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Message Posted: Jan 1, 2013 6:45:27 PM

I predict that we are going to get hosed
tco9436
Champion Author Connecticut

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Message Posted: Jan 1, 2013 6:43:14 PM

we'll always be at the mercy of big oil
RBob
Champion Author Portland

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Message Posted: Jan 1, 2013 6:42:15 PM

I predict it will go up 10, down 5, up 10, etc. all year.
rf6480
Champion Author Miami

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Message Posted: Jan 1, 2013 6:41:55 PM

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

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Message Posted: Jan 1, 2013 6:41:47 PM

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

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Message Posted: Jan 1, 2013 6:41:23 PM

ok. time will tell.
CISA
Champion Author Orange County

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Message Posted: Jan 1, 2013 6:40:14 PM

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

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Message Posted: Jan 1, 2013 6:39:52 PM

My forecast for 2013 is the higher gas prices the less money people have for goods...
sleuth696
Champion Author Nashville

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Message Posted: Jan 1, 2013 6:38:57 PM

ok
VanIsleLes
All-Star Author British Columbia

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Message Posted: Jan 1, 2013 6:38:40 PM

nobody really knows til they do it
FortVancouver01
Champion Author Washington

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Message Posted: Jan 1, 2013 6:38:08 PM

I predict prices will go up with speculation in full force.
Bullseye520
Champion Author Louisville

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Message Posted: Jan 1, 2013 6:37:52 PM

Speculators need to be removed from the market!
Sapper08
Champion Author Indianapolis

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Message Posted: Jan 1, 2013 6:37:08 PM

We continue to subsidize an industry that profits billions each quarter!
MotoDad
Champion Author Phoenix

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Message Posted: Jan 1, 2013 6:34:18 PM

I predict the oil companies will make billions of dollars.
unclenorman
Champion Author Tampa

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Message Posted: Jan 1, 2013 6:34:06 PM

Remove oil/gas from the commodity markets.
dookitout
Veteran Author Michigan

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Message Posted: Jan 1, 2013 6:32:16 PM

Krackah Pleeeze.
danreino
Champion Author Twin Cities

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Message Posted: Jan 1, 2013 6:32:12 PM

You can wish in one hand...
Ray_10589
Champion Author New York

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Message Posted: Jan 1, 2013 6:31:23 PM

OK

Merry Christmas and Happy New Year
tidalwave3
Champion Author Tallahassee

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Message Posted: Jan 1, 2013 6:30:10 PM

Forecasts are like xxxx xxx everybody's got one :P
1Boog
Champion Author Lincoln

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Message Posted: Jan 1, 2013 6:28:44 PM

just another scare blog to try and make oil and fuel prices go back up!!
TheHermit
Champion Author Maine

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Message Posted: Jan 1, 2013 6:27:14 PM

Forecasts are like butts, everyone has one
fire@53
Champion Author Philadelphia

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Message Posted: Jan 1, 2013 6:27:11 PM

The election is over now prices will go up for gas.
5Golfer8
Champion Author Tucson

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Message Posted: Jan 1, 2013 6:26:32 PM

And the BS starts.
GasSpy007
Champion Author New York City

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Message Posted: Jan 1, 2013 6:25:44 PM

ohhhh please.. forecast.. paleeeezzzz...
sit
Champion Author Cleveland

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Message Posted: Jan 1, 2013 6:24:29 PM

Up.
JagXKR
Champion Author British Columbia

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Message Posted: Jan 1, 2013 6:23:17 PM

Predictions are worthless.
savannahoaks
Champion Author Rockford

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Message Posted: Jan 1, 2013 6:22:32 PM

Prices will go up, then go down, then go up, then go down, then......
Skychief
All-Star Author Florida

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Message Posted: Jan 1, 2013 6:20:01 PM

I have yet to see anybody make an accurate forecast so why bother?
carpenter4u
Champion Author Virginia

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Message Posted: Jan 1, 2013 6:18:07 PM

I predict unstable prices
FogCitySpotter
Champion Author San Francisco

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Message Posted: Jan 1, 2013 6:17:14 PM

A few new refineries would really help to lower gas prices.
dasimon
All-Star Author Florida

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Message Posted: Jan 1, 2013 6:15:40 PM

Ok
NemoIL
Champion Author Illinois

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Message Posted: Jan 1, 2013 6:13:08 PM

We should start offering CNG fueled vehicles, and giving incentives to encourage gas stations to offer CNG fueling facilities. Even a small percentage of vehicles using CNG in this country would drive down the price of regular gasoline and diesel fuel.
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