What’s with the Executive Order. How can any price not accurately display “normal” supply and demand. If I set my gas prices to $10 per gallon, the only people that will by it are those that really, really, really need it. I’m signaling that the supply side of the equation has very high uncertainty.

Nobody has a hot clue where prices or demand are heading.

A few months ago all of the worthies who now predict demand declines were predicting the reverse.

Me, I predict high demand in my household on this week-end for pizza and adult beverages. You can take that to the bank.

Societe Generale 86.1 86.2 86.5 0.10 0.30
OECD 49.2 47.9 47.2 -1.30 -0.70
Non OECD 36.9 38.3 39.3 1.40 1.00

Barcap Total 86.1 86.2 86.3 0.11 0.11
OECD 49.1 47.8 47.0 -1.31 -0.84
Non OECD 37.0 38.4 39.4 1.42 0.95

IEA Total 86.1 86.2 86.5 0.12 0.35
OECD 49.2 47.8 47.1 -1.35 -0.75
Non OECD 36.9 38.4 39.5 1.47 1.11

EIA Total 85.81 85.89 85.93 0.08 0.04
OECD 49.14 47.79 46.93 -1.35 -0.86
Non OECD 36.67 38.10 39.00 1.43 0.90

Deutsche Bank 86.0 86.05 85.55 0.05 -0.5
OECD 49.2 47.72 46.74 -1.48 -0.98
Non OECD 36.9 38.30 38.81 0.7 0.51

Newedge 86.07 85.78 85.81 -0.29 0.03
OECD 49.18 47.66 46.94 -1.52 -0.72
Non OECD 36.89 38.12 38.87 1.23 0.75

OPEC Total 85.9 86.2 86.7 0.29 0.49
OECD 49.2 48 47.4 -1.17 -0.59
Non OECD 36.7 38.2 39.3 1.46 1.08

ESAI Total 86.30 85.90 86.30 -0.40 0.40
OECD 49.50 47.90 47.50 -1.60 -0.40
Non OECD 36.80 38.00 38.80 1.20 0.80

Merrill Lynch 86.1 86.15 85.75 0.05 -0.40
OECD 49.2 47.85 46.73 -1.33 -1.12
Non OECD 36.7 38.3 39.04 1.6 0.74

Bernstein 86.1 85.9 85.3 -0.26 -0.70
OECD 49.2 47.8 46.5 -1.3 -1.37
Non OECD 36.9 38.1 38.77 1.2 0.60

Average Total -0.02 -0.02
OECD -1.39 -0.86
Non OECD 1.33 0.84

“However, we expect the prices that Georgians pay at the pump to be in line with the prices retailers are paying. We will not tolerate retailers taking advantage of Georgians during a time of emergency.”

The quote is from a press release back in September.

–Congresswoman Maxine Waters