Carol Thorp
Carol Thorp
california cents couple happened increase last likely prices rapid southern spring type
In the last couple of days, prices have been going up by 2 or 3 cents in a 24-hour period. This is likely the same type of rapid price increase that has happened in Southern California every spring of this decade.
compared country demand filters formulas gasoline last lifted market prices production regions spot sufficient supplies supply trouble
Nationally, production is down and demand is up compared to last year. In addition, many regions of the country are having trouble getting sufficient supplies of ethanol, which is used in new formulas for gas. Uncertainty about supply has lifted gasoline to near-record prices on the spot market and that filters down to the neighborhood gas pump.
across couple demand driving gas last past percent reduced southern time
Southern Californians have reduced their driving significantly in the past couple of months. Additionally across the nation, demand for gas is down 2 percent from this time last year.
balanced continue demand expected filtered gasoline higher kept local markets next normally oil prices relationship relatively several stable supply trend
The relationship between supply and demand is relatively balanced in California, so normally we should see stable prices. However, speculators in oil and gasoline markets have kept prices high, and that has filtered down to local gas pumps. The trend for higher gas prices is expected to continue for the next several weeks.
continue few increases likely next
It's likely that increases will continue for at least the next few weeks.
areas began beginning believe california dropping gas heading industry monday oil prices southern three
Gas prices in most areas began heading back up on Monday after dropping for about three weeks. Traditionally, Southern California has experienced gas price spikes during the spring, and oil industry analysts believe this could be the beginning of another one.
begin believe cents continue few gallon increase investors level likely next per plateau prices primarily rising week
Prices are rising primarily on speculation of investors who believe that prices will continue rising over the next few weeks. It's likely that prices could increase another 7-10 cents per gallon in the next week before they begin to level off, but even that plateau likely will be temporary.
climbing crude gasoline investors iraq levels oil political record sent stability wall worries worry
Investors have been climbing a wall of worry because of uncertainties about political stability in Iraq and saber-rattling in Iran. Those worries have sent crude oil futures to record levels and gasoline has followed.
annual begin blend completed conduct cut expect fallen highs percent prices process producing production record rising since summer
Prices have fallen 25 percent since their record highs in September. After the New Year, motorists can expect prices to begin rising as refineries cut back production to conduct their annual maintenance and begin the process of producing the summer blend of gas, which must be completed by the end of February.
buying caught continue crude gasoline investors likely markets price prices pump retail rising seen three wholesale
Motorists have not seen the end of price increases. Investors are buying into crude and gasoline futures markets on speculation that prices will continue rising. Retail prices still have not caught up with wholesale price increases. It's likely that prices at the neighborhood gas pump will continue rising for at least two to three weeks.
california continue few gas increases likely next pace past prices rapid seen southern throughout
Prices went up throughout Southern California this past week, but not at as rapid a pace as we've seen during other gas price spikes. It's likely that increases will continue for at least the next few weeks.
adequate begin blend driven expensive fuel gas gasoline higher hike increase increasing oil price prices primarily sell start stations summer
The month-to-month gas price hike was driven primarily by increasing oil prices and speculation over adequate production. Higher gasoline and oil inventories have eased these concerns. However, when gas stations begin to sell the more expensive summer blend fuel in March, prices may start to increase again.
avoid cents prices rose san today unusual
Prices rose 4 cents today (in San Diego), and that is not unusual lately. There is profit-taking; no one can avoid that conclusion.
affect drinks judgment mental physical reaction skills slow takes
It takes only one or two drinks to slow physical and mental skills and affect vision, steering, braking, judgment and reaction time.