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    For Immediate Release: United States of America (Press Release) April 8, 2009

    GasPredictor.com Predicts Large Price Increases in Northeast Before Easter

    Double-digit price increases likely this week from New England to Minnesota, according to GasPredictor.com

    GasPredictor.com, a Web site providing short-term forecasts of changes in retail gasoline prices, is predicting hefty increases in the northern U.S. within the next few days. Prices will rise in most of the U.S. this week, but the dramatic increases will occur in the Great Lakes region and in New England, and to a lesser extent in the New York area.

    While GasPredictor.com displays a tongue-in-cheek attitude on its Web site, with references to magic 8-balls and examining the entrails of goats, their results are hard to ignore. Their daily predictions for changes in price on a nationwide basis have been correct every time ever since they began publishing in November, 2008. They have a similar record in each of the five cities for which they publish localized predictions, having missed the mark only one time.

    According to Chuck Bonner, lead analyst at GasPredictor.com, conditions this week are similar to those that existed between March 19 and March 27, when almost every city they monitor underwent a price increase of over ten cents a gallon. Some increased by three or four cents a gallon every day for three or four days. The most dramatic increase at that time was in Chicago, when retail prices for regular unleaded gasoline rose by thirteen cents per gallon on March 25.

    Bonner explains, "On March 24, our prediction algorithm gave the upward pressure in Chicago a value of 0.54, which was the highest we had ever seen for any city where we predict prices. Today, we're seeing pressures of 0.8 to 0.81 in Chicago and Boston, and pressures above 0.64 in the New York area."

    Bonner states further that today's situation is rather odd, because gasoline futures prices have been declining for the past two days, but upward pressure on retail prices still looks very strong. "During the run-up of March 19th to 27th, futures had increased every day but one, and they only decreased by a penny on March 25th," Bonner says. "Now, even though futures have decreased three out of the past five days, we're still seeing monstrous upward pressure on retail prices."

    Bonner declined to give a prediction for the longer term. "Our forecasting algorithm is good," he says, "but it only works for two or three days ahead of time." Pressed for a hint, he looked at his Magic 8-ball and said, "Reply hazy. Try again."

    Clearer and more useful forecasts for each business day are posted on GasPredictor.com's Web site each morning, and sent to subscribers via e-mail each evening.

    Annual and quarterly subscriptions to the Daily Gas Predictor email newsletter are available exclusively through the Web site, at http://www.gaspredictor.com/SubscribeMain.htm.

    About GasPredictor.com

    GasPredictor.com publishes predictions of retail gas prices one day in advance via e-mail to subscribers, and several hours in advance on its Web site. Visit our Web site for gas-saving tips and delayed daily forecasts of this afternoon's pump prices, or subscribe to get the forecast of tomorrow's gas price before you go home from work.

    Contact:
GasPredictor.com
Nashua, NH
Ph:  (603) 438-1957
presskit@gaspredictor.com
www.GasPredictor.com

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