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Gas Price Prediction for March 10, 2010

Posted to the Web March 10, 2010, 8:30 AM EST.

Released to subscribers March 9, 2010, 6:15 PM EST.

Change in Futures (Avg.): -0.001

Change in 2nd-Lowest Retail (Avg.): 0.018

Pressure (Avg.): 0.214

Trend for tomorrow: Up

Trend for next 2-3 days: Up

Recommendation for tonight: Buy gas tonight.

Notes:

1. Today's movement in the energy futures markets was as odd as yesterday's, and in fact it was almost the exact opposite. Most gasoline futures moved downward nearly 3 cents per gallon, but Gulf Coast futures increased by the same amount. As a result, pressure is lower where it was high yestersday, and higher where it was low. Pressure is moderately to strongly upward just about everywhere in the U.S. today, although there is still some extremely strong pressure in the Northeast. Look for prices to creep upward just about everywhere, but perhaps especially in the Southeast and Gulf Coast.
2. In addition to the eight new records for upward pressure set last Friday, three new records were set yesterday, Monday, 3/8/2010. Here are the new records just set:
• Chicago: 0.315 (breaking Friday's record), highest since 7/31/2009
• Denver: 0.270 (breaking Friday's record), highest since we began publishing on 10/26/2009
• Long Island: 0.421 (breaking Friday's record), highest since 8/3/2009, which also happens to be the first date of publication

Check back after 8:30 AM EST Thursday, 3/11/2010, for our next prediction, or subscribe to receive tomorrow's gas prices in your e-mail this afternoon!

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OTHER LOCAL EDITIONS STILL AVAILABLE (but selling out fast):

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• Denver, CO: See this evening's gas prices online or subscribe to the Gas Predictor Newsletter for Denver to receive tomorrow's gas prices in your in-box.
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• Raleigh, NC: See this evening's gas prices online or subscribe to the Gas Predictor Newsletter for Raleigh, NC to receive tomorrow's gas prices in your in-box.
• St. Louis, MO: See this evening's gas prices online or subscribe to the Gas Predictor Newsletter for St. Louis, MO to receive tomorrow's gas prices in your in-box.
• San Diego, CA: See this evening's gas prices online or subscribe to the Gas Predictor Newsletter for San Diego, CA to receive tomorrow's gas prices in your in-box.
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Wednesday, 11/18/2009, was our first anniversary! We have been predicting tomorrow's gas prices every business day for a whole year, and maintained a success rate over 99% and saved subscribers about $11.00 per year (more than twice the cost of a subscription). See the details on our Anniversary Summary Pages.

What About Diesel Fuel?

Did you come here looking for predictions of diesel fuel prices? We're working on it. Read about our plans for diesel fuel price predictions, and maybe give us some feedback on what you like or don't like about our plans.

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Our Gas Price Predictor is designed for the contiguous United States, and is generalized for all 48 states. Prices vary from region to region, but the direction of movement of prices is pretty consistent, within the limits of our algorithm. Check the Local Gas Prices for your area.

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