tenamup.wordpress.com
That is similar to what is beingseen nationally. Acrosd the nation, the average pricew of gasoline rose by 11 centa per gallon in thepast week. The increasre is attributable to rising pricew in both crude oil andwholesalwe gasoline, a release by AAA said. Cruded oil closed at $68.44 a barrel on the This marks an increase of morethan $2 a barrel in the last week and followsw a fall from $70 per barrell that was reached in mid-day trading. Wholesaled gasoline prices, meanwhile, have increased by 140 percent sincelate December, when they sat at a low of 79 centws per gallon. In addition, the amount of product supplied to the market hasalso declined, accordinbg to the .
The four-week averagw was 9.175 million barrels per day, a 0.4 percent year-over-year declins in average gasolinedemand nationally. “Some oil analysts expecf the rally for crude oil to end within a few weeks somewhere between $70 and $80 per barrel and, if that happens, then retaip gasoline prices could peak at aboutr the same time. We don’ know when that might occur,” said Gregg Laskoski, managinyg director of public relations for ina “But, we believe a prolonged run-up in fuel prices is likeluy to instill customer resistance in much the same way we saw last year and that’sd obviously counter-productive to an economy trying to recover from recession.
” AAA Auto Club Soutj provides vehicle assistance and service to AAA memberas and residents of Florida, Georgia, middle and west Tennessees and Puerto Rico.
No comments:
Post a Comment