The average U.S. price of regular-grade gasoline has risen 2 cents a gallon over the past two weeks, to $2.93.
Industry analyst Trilby Lundberg of the Lundberg Survey says that's 53 cents a gallon higher than at this time last year.
Lundberg said Sunday it appears unlikely prices will continue to rise in the weeks ahead, however, and could actually drop slightly.
She says that's because refiners have increased capacity and current demand is weak.
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3 comments:
Diesel is my concern,for heating purposes,because I only drive my vehicle 100 miles per week max and it runs on gas.
It is August and time to set the price for heating oil. Oil companies have sent out the letters as of Aug 1. So in order for big oil to price gouge they need to jack it up for the winter and it all takes place in Jul/Aug. Then they dig deeper in your pockets when winter hits and really screw you over.
First you could pre buy oil at a set price and then that stopped. Then if you stayed with your oil company you could still get a price lock and now they charged you $100+ for that luxury AND are now forcing you to buy 150 gallon - when it used to be 100 gallons.
They have screwed themselves since there is no longer a reason to stay loyal to your LOCAL oil company. And they are too stupid to realize it.
I price shop and in the last 10 years I have done well. There was only 1 year I paid over the price lock. Give me a reason to be loyal.
For those who have to drive to make a living, I call your attention to the maniac who about three months ago said the local gas distributors were an honorable lot, and I didn't know what I was talking about, I say come out and play now!
On July 28, the price per barrel for crude was $72.45. Today, I noticed the price was $67.18 as of 2 P.M. He said Gas was a different market, all-though crude is the base agent from which gas is refined. That told me ALL I needed to know about his expertise in the gas game.
The maniac I mentioned told everyone I didn't know the market after I had hauled it out of the refinery (gas). I laughed because the one who doesn't know the game is him. I've been loading and the rack stop and after calling the central operator was told to stand by because a series of price increases was on the way (7) all within a few minutes.
Mr. Maniac didn't experience all the knocks a transport driver in the heat and cold rolls with.
Getting back to the current price that ALL petro products is based on
I think you out there will realize that since July 28, and a 5 plus dollar DROP in the crude price the general public has only seen less than a 10 cent reduction at the pump. As far as heating fuel be sure that a "shortage" will be concocted to steep the price.
You might as well face it....We live by the 'Golden Rule'.... Those with the gold Rule. Companies like Cato and other 'DISTRIBUTORS' rule and make the money they think is due them and the HELL with you and your family. Getting back to Mr. Maniac, well, I've seen'em like him before and, I wonder how deep his honor runs and if he's an oil company employee. The answer to these questions should tell you all you need to know. Not fooled.... Bob Aswell
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