Gas Predictor for Los Angeles, California!

How much will gasoline cost tomorrow? Should you buy gas at today's price, or would you save money by holding off until tomorrow and paying a lower future gas price?

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Gas Price Prediction for May 18, 2012

Posted to the Web May 18, 2012, 5:00 AM PDT.

Released to subscribers May 17, 2012, 2:30 PM PDT.

Change in Futures: -0.043

Change in 2nd-Lowest Retail: 0.00

Pressure: -0.107

Trend for tomorrow: Down

Trend for next 2-3 days: Down

Price range through next business day: $4.018 - $4.099

Recommendation for tonight: Hold off and buy gas tomorrow.

Notes:

1. Pressure is moderately downward. Retail prices are likely to go down by 1 to 2 cents per gallon.
2. Gasoline futures are now down to prices we haven't seen since February 2, 2012. At that time, the average of 2nd-cheapest retail prices among the 12 cities in our national prediction model was $3.461, over 30 cents cheaper than today's average of $3.742. Of course, fatigue factors have come into play in all those weeks of rising gas prices, so don't expect retail prices to fall 30 cents tomorrow. It could happen, but don't expect it. (Roughly translated, "fatigue factors" means "consumers have gotten used to higher prices so there's no need to reduce them.")

Check back after 5:00 AM PDT Monday, 5/21/2012, for our next prediction, or subscribe to receive tomorrow's gas prices in your e-mail this afternoon!

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This is the forecast for the Los Angeles area. Check the Local Gas Prices for other areas.