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'Gasoline prices want to decline'

BY DAVID ROEDER droeder@suntimes.com -- Blame rising gas prices on investors raising the cost of crude oil. Blame them on government spending chasing money into commodities and away from currency. Don't blame them on the local gas station.

Those are the views of oil industry analyst Trilby Lundberg, who doesn't see prices rising much beyond current levels.

Analyst Trilby Lundberg, seen here pumping gas, doesn't see prices rising much beyond current levels.
(AP File) "Gasoline prices want to decline. Demand is still low because of the economy," said Lundberg, publisher of the Lundberg Survey. Artificially high crude oil prices prevent that while pressuring stations' profit margins, she said.

In its survey issued Sunday, AAA said Chicago gas prices averaged $2.87 a gallon for regular,

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Submitted Mar 10, 2010 By: granitestater

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coughlin Champion Author San Jose Posts:3,346 Points:757,100 Joined:Sep 2009	Message Posted: Mar 10, 2010 6:54:31 AM Ignore coughlin Report Abuse Well, if, in fact, prices want to decline due to lower demand but are being inflated by speculation, they'll soon drop. We'll see.
DerHahn Champion Author Illinois Posts:11,157 Points:1,655,215 Joined:May 2004	Message Posted: Mar 10, 2010 6:22:16 AM Ignore DerHahn Report Abuse no, the consumers want prices to decline. the speculators want it to go up. guess who wins that battle.
gas_too_high Champion Author Columbus Posts:8,199 Points:1,480,990 Joined:Aug 2005	Message Posted: Mar 10, 2010 6:18:49 AM Ignore gas_too_high Report Abuse I hope that's right, but I'm not optimistic. GTH
Conan1 Champion Author Kentucky Posts:1,675 Points:668,110 Joined:Apr 2008	Message Posted: Mar 10, 2010 5:55:54 AM Ignore Conan1 Report Abuse I've got swampland for sale, ya'll
tomok Champion Author Portland Posts:24,671 Points:1,880,560 Joined:Aug 2006	Message Posted: Mar 10, 2010 5:51:50 AM Ignore tomok Report Abuse Blame gasoline prices on big oil and the refiners creating false shortages by producing less fuel and raising the price at the pump. Blame that!
dar 1 Champion Author Michigan Posts:3,612 Points:336,040 Joined:Jan 2005	Message Posted: Mar 10, 2010 5:24:15 AM Ignore dar 1 Report Abuse Wait till economy gets a little better 4.00 gas
Hunter724 Champion Author New Hampshire Posts:5,767 Points:1,181,165 Joined:Sep 2008	Message Posted: Mar 10, 2010 5:22:27 AM Ignore Hunter724 Report Abuse Then the price at the pump should be lower........
lindact Champion Author New Haven Posts:6,492 Points:1,271,485 Joined:May 2008	Message Posted: Mar 10, 2010 5:18:52 AM Ignore lindact Report Abuse Totally right, fhcmedic.
Ratso Champion Author Ohio Posts:15,071 Points:2,220,870 Joined:Sep 2003	Message Posted: Mar 10, 2010 5:17:56 AM Ignore Ratso Report Abuse Pa - leez !!!!! Stop with the crap to the consumers!
pitamon Champion Author Philadelphia Posts:3,657 Points:1,497,835 Joined:Sep 2004	Message Posted: Mar 10, 2010 5:16:40 AM Ignore pitamon Report Abuse I don't know, everyone wants their cut.
Ltdc Champion Author Long Island Posts:4,918 Points:1,225,490 Joined:Jul 2007	Message Posted: Mar 10, 2010 5:16:14 AM Ignore Ltdc Report Abuse "They want to decline." That statement is a joke. The powers in the oil industry don't care what gasoline wants. They want a steady big time profit.
naw62 Champion Author Maine Posts:7,130 Points:1,758,545 Joined:Sep 2006	Message Posted: Mar 10, 2010 5:15:21 AM Ignore naw62 Report Abuse Big oil doesn't want them to drop
carlsonguitars Champion Author Portland Posts:4,641 Points:782,530 Joined:Jan 2008	Message Posted: Mar 10, 2010 5:15:10 AM Ignore carlsonguitars Report Abuse of course, gas prices are roughly TRIPLE of what they really should be... WE ARE BEING RIPPED OFF!!!!!
chuck81 Veteran Author Michigan Posts:267 Points:784,715 Joined:Jul 2008	Message Posted: Mar 10, 2010 5:14:16 AM Ignore chuck81 Report Abuse I want them to decline
turbodog Champion Author Mississippi Posts:4,402 Points:898,465 Joined:Feb 2009	Message Posted: Mar 10, 2010 5:13:26 AM Ignore turbodog Report Abuse okay, I agree with them, lets see a drop
fhcmedic Veteran Author North Carolina Posts:291 Points:407,145 Joined:Aug 2006	Message Posted: Mar 10, 2010 5:10:04 AM Ignore fhcmedic Report Abuse They may "want to decline", but they sure aren't here. That is hogwash about not issuing some blame to the gasoline stations. Prices range usually 40 cents per gallon on my way home from work. That is ridiculous!
subnuke Champion Author Atlanta Posts:5,218 Points:1,050,495 Joined:Sep 2008	Message Posted: Mar 10, 2010 5:09:24 AM Ignore subnuke Report Abuse I agree government spending is part of the problem as investors have little else to invest in other than crude - thus driving up the price.
Petrock Champion Author Lexington Posts:6,772 Points:2,092,870 Joined:Apr 2005	Message Posted: Mar 10, 2010 5:08:36 AM Ignore Petrock Report Abuse Ms. Lundberg may think gas prices "want" to go down and think that local merchants have nothing to do with high prices, but prices around here ARE going up and the local station is who gets my money first!
RocketGeek Champion Author Grand Rapids Posts:8,246 Points:1,646,160 Joined:May 2005	Message Posted: Mar 10, 2010 5:06:23 AM Ignore RocketGeek Report Abuse So now gas prices have an intelligent point of view?
mark1962 Champion Author Albany Posts:3,400 Points:803,890 Joined:Sep 2009	Message Posted: Mar 10, 2010 5:04:57 AM Ignore mark1962 Report Abuse Very unlikely to do so!
neptune2008 Champion Author Michigan Posts:6,265 Points:1,219,560 Joined:Aug 2008	Message Posted: Mar 10, 2010 5:03:05 AM Ignore neptune2008 Report Abuse agree...grEEd and spECulation
my3sons Champion Author New York Posts:4,455 Points:1,506,535 Joined:Aug 2005	Message Posted: Mar 10, 2010 5:02:11 AM Ignore my3sons Report Abuse greed and speculation will keep prices up too high
my3sons Champion Author New York Posts:4,455 Points:1,506,535 Joined:Aug 2005	Message Posted: Mar 10, 2010 4:59:13 AM Ignore my3sons Report Abuse greed and speculation will keep prices up too high
LeeFree Champion Author Pittsburgh Posts:6,834 Points:1,784,950 Joined:Jun 2005	Message Posted: Mar 10, 2010 4:58:57 AM Ignore LeeFree Report Abuse Quoting Trilby Lundberg on the GasBuddy website? That's blasphemous!
Metroman Champion Author Philadelphia Posts:8,244 Points:1,748,885 Joined:Aug 2003	Message Posted: Mar 10, 2010 4:57:12 AM Ignore Metroman Report Abuse The speculators won't let prices go down
paoli8 Champion Author Philadelphia Posts:4,915 Points:1,380,435 Joined:Jul 2007	Message Posted: Mar 10, 2010 4:56:29 AM Ignore paoli8 Report Abuse Can Obama still blame Bush
BoerneWatch Champion Author San Antonio Posts:12,937 Points:1,989,055 Joined:Oct 2005	Message Posted: Mar 10, 2010 4:54:41 AM Ignore BoerneWatch Report Abuse I like that saying. Prices do want to go down and speculators and other factors are holding them up.
afghaned Champion Author Hamilton Posts:8,517 Points:823,500 Joined:May 2004	Message Posted: Mar 10, 2010 4:54:34 AM Ignore afghaned Report Abuse Prices here are the highest they've been since the bottom fell out. World troubles were around before the greedy blood suckers started using the littlest thing to drive up prices. Supply & demand should rule pricing & not political reasons.
Dancin Champion Author Toronto Posts:5,510 Points:2,082,255 Joined:Mar 2004	Message Posted: Mar 10, 2010 4:50:48 AM Ignore Dancin Report Abuse Then why don't they ? There is no rational explanation for prices to be 18 cents a litre more than last year at the same time. Inventories are above last year, and the 5 year trend, demand is down, the economy is in recession, and SUV production is practically nil.
mark1962 Champion Author Albany Posts:3,400 Points:803,890 Joined:Sep 2009	Message Posted: Mar 10, 2010 4:46:47 AM Ignore mark1962 Report Abuse They are going up here and they will do anything to drive prices up regardless!
cheapgasPA Veteran Author Lancaster Posts:312 Points:66,685 Joined:Dec 2009	Message Posted: Mar 10, 2010 4:45:25 AM Ignore cheapgasPA Report Abuse let them decline ..... TODAY
FMREALTOR Champion Author Florida Posts:4,133 Points:1,257,035 Joined:Jan 2007	Message Posted: Mar 10, 2010 4:45:03 AM Ignore FMREALTOR Report Abuse Demand is still low. I drive less than ever and paln trips accordingly
VDubBill Champion Author Jacksonville Posts:2,697 Points:872,640 Joined:May 2008	Message Posted: Mar 10, 2010 4:43:43 AM Ignore VDubBill Report Abuse ...Well let them. I promise not to interfere.
BBHybrid Champion Author Pittsburgh Posts:4,690 Points:935,260 Joined:Aug 2008	Message Posted: Mar 10, 2010 4:43:20 AM Ignore BBHybrid Report Abuse let them decline
Tru2psu2 Champion Author Winston-Salem Posts:11,031 Points:1,123,525 Joined:Feb 2004	Message Posted: Mar 10, 2010 4:39:03 AM Ignore Tru2psu2 Report Abuse At least, WE want them to decline!
fillerupyeoww Champion Author Columbus Posts:3,531 Points:1,184,895 Joined:Mar 2008	Message Posted: Mar 10, 2010 4:29:14 AM Ignore fillerupyeoww Report Abuse Doesn't matter the reason, end result is the same.
theawesome1 Champion Author Cleveland Posts:6,983 Points:1,305,335 Joined:Aug 2005	Message Posted: Mar 10, 2010 4:27:45 AM Ignore theawesome1 Report Abuse I vote for $1 as we are owed that.
vamike Champion Author Virginia Posts:3,550 Points:933,545 Joined:Dec 2008	Message Posted: Mar 10, 2010 4:21:25 AM Ignore vamike Report Abuse Gas prices want to decline, but the speculators won't allow it to happen.
cutcheese Champion Author Pennsylvania Posts:10,008 Points:1,902,025 Joined:Jun 2006	Message Posted: Mar 10, 2010 4:20:12 AM Ignore cutcheese Report Abuse The poor station owners, I feel so bad for them. In this town other than the McDonalds owners they are the other millionaires.
skippypa Champion Author Hawaii Posts:6,110 Points:1,275,980 Joined:Jun 2008	Message Posted: Mar 10, 2010 4:19:41 AM Ignore skippypa Report Abuse I put the blame on speculators.
Metro Man Champion Author Flint Posts:2,728 Points:1,199,290 Joined:Sep 2003	Message Posted: Mar 10, 2010 4:17:51 AM Ignore Metro Man Report Abuse I agree with you Hawaiian Guy. I have seen the same thing here in Michigan.
rodzilla123 Champion Author San Diego Posts:2,449 Points:620,080 Joined:Jul 2008	Message Posted: Mar 10, 2010 4:15:50 AM Ignore rodzilla123 Report Abuse I didn't know Gas Prices had a mind of their own, and were thinking "Gee I sure want to Decline, But I guess I just cant right now" How stupid do some of these Headlines sound, where did some of these writers go to school, California????? We the people want the Gas Prices to Decline, Not too sure how the GAS FEELS about it?????
HawaiianGuy Champion Author Idaho Posts:7,185 Points:2,620,070 Joined:May 2003	Message Posted: Mar 10, 2010 4:14:53 AM Ignore HawaiianGuy Report Abuse Bull! I've been following gas prices here for 24 years and have an uncanny "feel" for how it works. The 6 cent/gallon rise yesterday was too organized and consistent. I submit that there was collusion between the retailers in this town (but no one in his right mind would ever admit to it).
stpetebp Champion Author Tampa Posts:4,135 Points:1,287,550 Joined:Nov 2007	Message Posted: Mar 10, 2010 4:14:08 AM Ignore stpetebp Report Abuse Nothing more than pure greed.
MS_steve Champion Author Mississippi Posts:2,257 Points:927,660 Joined:Mar 2008	Message Posted: Mar 10, 2010 4:13:36 AM Ignore MS_steve Report Abuse I thought I just heard someone blame Obama.... not George Bush (for everything), not the weather (for lack of job rebounds). I guess the Lame Stream Media has finally turned on the usurper.
14of45SSR Champion Author Saskatchewan Posts:2,370 Points:830,540 Joined:Dec 2008	Message Posted: Mar 10, 2010 4:12:18 AM Ignore 14of45SSR Report Abuse Gas prices are too high, so they better start to decine!
twobroke61 Champion Author Michigan Posts:6,060 Points:1,131,915 Joined:Sep 2008	Message Posted: Mar 10, 2010 4:10:52 AM Ignore twobroke61 Report Abuse maybe if the stock market bottoms out like it did last year at this time the price of oil will fall too a price it should be at for this economy
DosEquis26 Champion Author Chicago Posts:3,769 Points:1,543,640 Joined:Jun 2006	Message Posted: Mar 10, 2010 4:05:31 AM Ignore DosEquis26 Report Abuse retailers continue to ripoff the consumer
saveongasNC Champion Author North Carolina Posts:4,407 Points:1,094,015 Joined:Aug 2008	Message Posted: Mar 10, 2010 4:04:37 AM Ignore saveongasNC Report Abuse fratt Well said.
fratt Champion Author Grand Rapids Posts:7,504 Points:2,181,330 Joined:Jul 2005	Message Posted: Mar 10, 2010 4:00:15 AM Ignore fratt Report Abuse GREED!!!