"A minor contributor was higher ethanol prices.""I don't think this is an up trend in the making," she said. Given that "there is no visible threat to supply," and crude oil price behavior is expected to be "mild in the near future, gasoline will be able to behave according to its nature," she said. "And its nature right now is to drop because our demand is shrinking."
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Monday, September 12, 2011
Gas Prices Jump But No Steady Climb Forecast
(CNN) -- U.S. gas prices have edged up 6 cents over the past two weeks, but don't fret that a steady climb is on the horizon, the publisher of a new survey said Sunday.The average price of a gallon of regular is $3.67, up nearly 6 cents from two weeks earlier, the Lundberg Survey found."Most of the cause is slightly higher crude oil prices during the same two-week period," said publisher Trilby Lundberg.
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4 comments:
Where is all the "drill baby drill" crowd. Oil prices have tanked for weeks, yet we are still paying well over $3 a gallon. But I thought you said the oil companies are our friends and they really want to help us get back to cheap gas.
Has Obama let them start drilling? No! So shut up 10:51. If and when they do start drilling the price will drop.
11:28, you don't make any sense. Oil production is higher in 2010/2011 than it has been in years. Not to mention, as I stated, the fact that oil prices have slid dramatically. But yeah, keep dodging those facts in order to stick with that flimsy idealogical platform.
Let me guess your comeback: "shutup libtard because I said so and you have cooties"
You guys are funny. The reality of it all escapes you. It isn't the supply or demand keeping prices high. It's the steadily decreasing in the value of our dollar. The dollar continues to be worth less so it takes more of them to purchass the same amount of anything. Do you think cattle is harder to get? Gold? Silver? Hogs? Coffee? Open your eyes and look at the increase in costs for these commodities for the past 12 months. The data is easy to find. Now they tell us that inflation is less than 2% over the past 12 months. Look at the numbers for the commodities I just listed. Now think about it in the sense that this is an election year...regardless of what party controls the presidency, house, or senate. They are manipulating the figures to hide the truth. Our dollar is collapsing - plain and simple. As soon as it ceases to be the worlds reserve currency it's over. ThE EU is on the verge of collapse. Open your eyes and look at the big picture. Don't be sheeple.
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