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By New_Deal_democrat February 26, 2015 7:34 am
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Dear XE readers, You're reading the right blog: calling the bottom - and the rebound - in gas prices

On January 8, with Oil prices at about $48/barrel, I wrote that 
http://bonddad.blogspot.com/2015/01/the-bottom-in-gas-prices-is-close.html
The Bottom in Gas Prices is Close, saying:

"Since it takes a week or two for prices to filter through to the pump, it looks likely that there will be a further decline to about $2/gallon by late January.  The seasonal low is normally set by that time.

"If my surmise is correct, then if we follow the patterns set previously at important declines, there will be a quick rebound of about $0.25 to $0.30/gallon, followed by a slower increase into late spring or early summer of about $0.90 to $1.25/gallon.  A good rough estimate is $1/gallon, which would put us at about $3/gallon sometime between early May to early July."

On February 2, noting that gas prices probably bottomed on about January 26, I wrote:
http://community.xe.com/blog/xe-market-analysis/us-gas-prices-have-proba...

"If gas prices increase seasonally as they have in 8 of the last 10 years, we should see a quick rebound in the next month to about $2.30,"

So, here is this morning's 3 month historical chart from GasBuddy:

Gas prices bottomed one month ago, at $2.02
In the month since, prices have risen by $0.32 to $2.34

I would say, dear reader, that is about as close as you can come to a spot-on call. In my humble opinion, you are reading the right blog

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