Looking at current trends, do you think oil and natural gas prices will go down or up in months to come?

Answer 1

"Current" trends will be useless for forcasting after the US elections. Depending on who retains what, and where they retain it, gas could remain stable. It could also go bugnuts! Since the election is so close, it is useless to try to figure fuel prices from "current" trends for more than a few weeks in the future.

Answer 2

OPEC is planning to cut oil supplies by 1 million barrels, enabling them to raise prices. Regardless of the oncoming winter trend, and occasional holiday trends, prices will go up generally, but still stay fairly low until next summer, unless unexpected events interfere.

Answer 3

With the fee of oil being at over $one hundred.00 a barrel now, the in difficulty-free words way they'll convey it down is that if between the international locations that are in the United international locations can swallow their delight and admit that they are being truly grasping. in case you imagine about it, in the international locations that they are generating the mass quantities of oil, tens of millions and tens of millions of barrels an afternoon, their workers are probable getting paid below a 10th of what we make right here. The machines called Dereks do each and every of the numerous paintings extracting the oil. notwithstanding, it isn't in basic terms the different international locations that are charging us a lot. interior of u . s . a . of america we've what are called refineries, the position they are processing the oil to make it right into a usable vehicle gas. The departments in Washington DC have refused to allow the Untied States to edifice extra refineries, consequently they are very restricted on the quantity of gas that is bought. Which makes it an fairly severe call for product. the different project is that u . s . a . of america has refused to allow our personal united states to tap into the numerous different and children oil, it is accessible. gas expenditures will drop, yet in difficulty-free words by technique of a margin of a few pennies. the federal authorities taxes each and every gallon of gas $ 0.18. you paintings the finished inhabitants of the country makes use of tens of millions and tens of millions on a daily basis, upload that up and also you would possibly want to comprehend why they do no longer opt to diminish the fee. i desire this has been an informative answer for your inquire.

Answer 4

Generally upward over time is my opinion.

By Ciara Linnane
Last Update: 10:40 AM ET Oct 25, 2006


NEW YORK (MarketWatch) -- U.S. crude supplies fell by 3.3 million barrels in the week ended Oct. 20, the Department of Energy said Wednesday. Motor gasoline supplies fell by 2.8 million barrels and distillate fuel supplies fell by 1.4 million barrels. Separate data from the American Petroleum Institute showed crude supplies down by 3.7 million barrels, gasoline supplies down by 2.3 million barrels and distillates down by 588,000 barrels. Analysts were expecting distillate supplies to fall, but were predicting gains for both crude and gasoline. Futures prices rallied with crude for December delivery up 94 cents at $60.29 a barrel after the data were released. Gasoline futures rose 3.9 cents to $1.5775 a gallon and heating oil added 3.58 cents to $1.73 a gallon.

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Answer 5

Well it really depends on the demands. I see natural gas prices going up some as we go into the winter heating season.
Oil ( gasolene) staing the same or going down as we do less driving
Now I am no expert, but I am a mechanic and I do see trends.
As we go into winter my busisness slows down as people drive less.

Answer 6

up, up, up. opec just cut prodiction by 1.2 million barrels per day, escalation in north korea, iran and venezuela. natural gas will be higher depending on the severity of the upcoming winter, although prices are lower at present.

Answer 7

I think they will stay where they are until Thanksgiving time... then I would expect them to go up about 50 cents per gallon until after the new year.

Answer 8

yes , but we will see an all time high by 2011, at least $5.00 a gallon.