Post by ۞Quaalude™۞ on Apr 26, 2011 4:13:34 GMT -5
Experts: Gas Prices to Drop Sooner Than Expected - KCPQ
If it seems that gas prices are rising every time you fill up, they are. More than a penny a gallon every day...38 cents in the last month.
"Normally this would have been a $55-$60 dollar purchase, now we're here at almost $75", says Casey Howerton, glancing with disdain at the pump as it racks up another lofty sale.
But some say relief is coming.
Gasoline prices also fell, sliding lower for the sixth straight day. Tom Kloza, publisher and chief oil analyst at Oil Price Information, Cheaper gas could lull drivers into bad decisions—all over again , With fuel prices dropping back to between $2 and $3 a gallon after soaring this summer, Americans are back on the roads again , Gasoline prices are falling fast and could keep dropping for months. The only place they have to go is down, says Fred Rozell, Can falling oil and gasoline prices be bad news? They can be for refiners—and that could come back to bite American drivers just as gas - now from what old Quaalude Knows about Gas .....
"We are probably seeing the highest gas prices we will plan to see for the whole year right now", says Janet Ray of AAA Washington.
AAA says prices should start dropping in May and through the summer, which is *not* typical. but it hasn't been a typical year.
It's been a brutally cold winter across much of the U.S., which has driven demand for natural gas and heating oil which impacted refinery capacity to make gasoline. Many companies have already started switching over to more expensive warm weather formulas.
"We know that refineries have started early with winter/summer blends, which adds a few cents a gallon", Ray says.
We've heard a lot about the problems in North Africa and the Middle East, and even though Western Washington gets most of its crude oil from Alaska and Canada, it's a worldwide market, so we pay the going rate of $105 a barrel, no matter where it comes from.
"It's competing on a global market so if there's disruption anywhere in world, that affects global price of the commodity", explains Frank Holmes of the Western States Petroleum Association.
AAA says speculators are driving up costs, betting on rising prices in the oil futures market - and that may be where discussion of $5 a gallon gas has sprouted. but that's not what AAA is forecasting QC
www.q13fox.com/news/kcpq-experts-gas-prices-to-drop-sooner-than-expected-20110309,0,2100555.story
If it seems that gas prices are rising every time you fill up, they are. More than a penny a gallon every day...38 cents in the last month.
"Normally this would have been a $55-$60 dollar purchase, now we're here at almost $75", says Casey Howerton, glancing with disdain at the pump as it racks up another lofty sale.
But some say relief is coming.
Gasoline prices also fell, sliding lower for the sixth straight day. Tom Kloza, publisher and chief oil analyst at Oil Price Information, Cheaper gas could lull drivers into bad decisions—all over again , With fuel prices dropping back to between $2 and $3 a gallon after soaring this summer, Americans are back on the roads again , Gasoline prices are falling fast and could keep dropping for months. The only place they have to go is down, says Fred Rozell, Can falling oil and gasoline prices be bad news? They can be for refiners—and that could come back to bite American drivers just as gas - now from what old Quaalude Knows about Gas .....
"We are probably seeing the highest gas prices we will plan to see for the whole year right now", says Janet Ray of AAA Washington.
AAA says prices should start dropping in May and through the summer, which is *not* typical. but it hasn't been a typical year.
It's been a brutally cold winter across much of the U.S., which has driven demand for natural gas and heating oil which impacted refinery capacity to make gasoline. Many companies have already started switching over to more expensive warm weather formulas.
"We know that refineries have started early with winter/summer blends, which adds a few cents a gallon", Ray says.
We've heard a lot about the problems in North Africa and the Middle East, and even though Western Washington gets most of its crude oil from Alaska and Canada, it's a worldwide market, so we pay the going rate of $105 a barrel, no matter where it comes from.
"It's competing on a global market so if there's disruption anywhere in world, that affects global price of the commodity", explains Frank Holmes of the Western States Petroleum Association.
AAA says speculators are driving up costs, betting on rising prices in the oil futures market - and that may be where discussion of $5 a gallon gas has sprouted. but that's not what AAA is forecasting QC
www.q13fox.com/news/kcpq-experts-gas-prices-to-drop-sooner-than-expected-20110309,0,2100555.story