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.
More Quotes from Carol Thorp:
Motorists might seen prices stabilize over the next week or two, but that could only be a temporary pause. Upward pressure on gas prices will increase in February due to reduced production as refineries rush to finish the changeover from producing winter grade to summer grade fuel before the March 1 deadline.Carol Thorp
Prices remain on the rise but there is hope that we may be nearing a peak. Wholesale gas prices have averaged about 2.60 per gallon for the past week. Taxes add about 60 cents to that, transportation and dealer profit is another 5-10 cents. Prices in the
Carol Thorp
In the tabloid age, people think that they can say what they want. This is not (covered) by free speech. The truth is you can't just say what you want.
Carol Thorp
We're in the time of year when steep price increases are common, but this year prices are being boosted by speculation about whether there will be sufficient gasoline supplies for later in the year. It may be several weeks before a clear picture develops on the nation's gasoline production, but in the meantime, prices could climb to near 3 per gallon.
Carol Thorp
Wholesale prices of gasoline have come down and that should slow retail price increases in the next week. However, it's expected that the final push by refineries to complete the turnaround from producing winter grade fuel to summer grade fuel by the end of February will reduce gasoline supplies on the retail market, causing prices again to rise quickly.
Carol Thorp
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.
Carol Thorp
Readers Who Like This Quotation Also Like:
It's often been said that I'm an extremely depressing, cynical writer. I've never known what to make of that.Ann Beattie
It seems like the good things that have happened in my career are things that you don't try to plan and push, and make it happen, it just seems to happen.
Wanda Jackson
I actually went to film school and was making experimental films for a short time, so it wasn't such a leap.
Jim Coleman