Oil guru Dr. Daniel Fine was right on gas prices

Roswell Daily Record ^ | 11/28/15 | Jeff Tucker

[brownwill6767]

nergy expert Dr. Daniel Fine, left, in March predicted the current low gasoline prices. Pictured with Fine during a meeting in Roswell in March are local oil men Rory McMinn of Reed & Stevens, center, and Bob Armstrong of Armstrong Energy Corp. (Jeff Tucker Photo)

An energy expert’s prediction in March that gasoline prices in New Mexico would dip to $1.65 a gallon has been proven true.'

Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy at New Mexico Institute of Mining and Technology, said at a landmen’s association’s meeting in Roswell in March that gasoline prices in New Mexico would drop to as low as $1.60 a gallon this year as the United States and the Organization of Petroleum Exporting Countries engage in a crude oil price war.

[brownwill6767]

Gasoline prices in Bernalillo County dipped to $1.64 a gallon this week at some stations, according to GasBuddy.com. Gasoline prices in Chaves County were as low as $1.80 a gallon this week at Sam’s Club in Roswell.

In March, Fine predicted gasoline prices in the Albuquerque market in 2015 would rise slightly to $2.35 a gallon before leveling off somewhere between $2.35 and $1.65 per gallon. He said in March that gasoline prices in Albuquerque could ultimately drop to as low as $1.60 a gallon.

“We made it to $1.60 and I have an outline of where we’ll be in 2016,” Fine told the Daily Record this week. “I’m getting calls to return to Roswell to do the next year.”

Fine said fuel prices in the United States are at their lowest levels since 1998, unadjusted for inflation. Fine attributed the low gasoline prices to soft market demand and excess supplies of crude oil. The United States has more crude oil reserves than it has had since 1933, Fine said.

Fine said he’s not so sure crude oil prices will rise any time soon. He said there is a lot of anticipation about a Dec. 4 meeting of OPEC in Vienna, Austria. “There’s a little excitement in the market about what the Saudi Arabian position might

[TexasCajun]

Reg. $ 1.71 just down the street.

[Diana in Wisconsin]

Don’t get too excited. 0bama was yappin’ at the Paris summit this week that he’s planning on raising gasoline taxes to pay for Global Warming.

Enjoy this fleeting moment...

*Rolleyes*

[MCF]

The world wide economy is slowing and there is a need to boost it so the low gas prices. Also, 2016 is an election year and the Elite know the people are very unhappy.

[Paladin2]

2014 EPA News -

"The rules require oil refineries, beginning in 2017, to strip sulfur from gasoline, because sulfur interferes with the ability of an engine's catalytic converter to remove tailpipe emissions. Advocates, including environmentalists, public health officials and automakers, welcomed the news, but the U.S. oil industry said the rules will increase its costs and gasoline prices.

"These standards are a win for public health, a win for our environment and a win for our pocketbooks," EPA Administrator Gina McCarthy said in the announcement. Her agency estimates they will help avoid up to 2,000 premature deaths each year and 50,000 cases of respiratory ailments in children, saving $6.7 billion to $19 billion annually in health care costs.

"Once fully implemented in 2025, it says they'll add $72 to a car's sticker price and two-thirds of a penny to per-gallon gasoline costs."

I'll bet it's more. When they reduced the allowable S in Diesel, prices went up by at least dimes/gal.

[Diana in Wisconsin]

I gave the Dodge Ram Diesel to the Ex, LOL! Sucker. ;)

[Resolute Conservative]

Paging Dr. Howard, Dr. Fine, Dr. Howard!

[Blood of Tyrants]

Obama would love nothing more than to put a heavy tax on gasoline. Fortunately we have a marginally Republican Congress.

[Blood of Tyrants]

Before low sulfur diesel, it was about the same price as regular gas. After it was up to $0.50 MORE per gallon.

[butlerweave]

These idiots are behind closed doors trying to make sure what ever they come up with is “Legally Binding” , only be for the West , the countries that will pay through the nose for this Scam

[Paladin2]

I saw a station with a $0.75 difference today.

[thackney]

Ranking second in cost was the Environmental Protection Agency’s (EPA’s) Tier 3 Motor Vehicle Emission and Fuel Standards, which the agency calculates will cost automakers and consumers some $1.5 billion annually. This rule imposes more stringent vehicle emissions standards to reduce methane emissions by 80 percent, decrease particulate emissions by 70 percent, and further limit the sulfur content of gasoline. A variety of studies have calculated much higher costs for the rule, including an estimate prepared for the American Petroleum Institute by the consulting firm Baker & O’Brien Inc., of $2.4 billion annually.

http://www.heritage.org/research/reports/2015/05/red-tape-rising-six-years-of-escalating-regulation-under-obama

[Blood of Tyrants]

I’ll bet there weren’t many vehicles lined up at that pump. Locally there is about a $0.20 difference.

[gaijin]

Filled up today in Calif at $2.39/gal. Arco station.

[thackney]

Don’t look at this:

http://www.texasgasprices.com/

[Osage Orange]

Don't look at this either....

http://www.oklahomagasprices.com/

[RipSawyer]

“Fine said fuel prices in the United States are at their lowest levels since 1998, unadjusted for inflation.”

Not true here, prices plunged to $1.40 for a very short time right after the peak in 2008.

[CedarDave]

And another a week old.

NM list PING!

I may not PING for all New Mexico articles. To see New Mexico articles by topic click here: New Mexico Topics

To see NM articles by keyword, click here: New Mexico Keywords

To see the NM Message Page, click here: New Mexico Messages

(The NM list is available on my FR homepage for anyone to use. Let me know if you wish to be added or removed from the list.)
(For ABQ Journal articles requiring a subscription, scroll down to the bottom of the page to view the article for free after answering a question or watching a short video commercial.)