Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at 49 a barrel and gas prices averaged 1.79 -- 49 cents lower than the current average of 2.28. This week, crude hovers around 66 a barrel.
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Be vigilant about restricting your children from riding with a first-year teen driver. It's tempting to have different options for getting kids and teens to and from school, a job, sports practices and other events, but the risks are high. Parents who understand the risks should be more willing to personally drive children until teens obtain their full licenses or have gained enough driving experience to make them feel comfortable with transporting others.Rose Rougeau
For the past month, gasoline prices have fallen as inventories of gas and crude oil continued to show a healthy surplus compared to last year. Motorists can expect to see relative price stability for the next couple of weeks.
Rose Rougeau
These recent decreases at the pumps are more likely to be temporary. The U.S. concerns over Iran's nuclear ambitions and violence in Nigeria have kept the price of crude above 65 a barrel -- a level not seen since the hurricanes of 2005. If crude continues to stay at this level, motorists will continue to pay high prices at the pumps.
Rose Rougeau
Conditions indicate that motorists may see slight increases in retail gasoline prices within the next few days. Typically, pump prices in Texas move lower during this time of year due to a decrease in demand, but with crude oil trading around 63 a barrel that has yet to happen.
Rose Rougeau
It's also another indication why it's so important for parents to limit teens from being exposed to dangerous driving conditions and also to manage their driving experience.
Rose Rougeau
Although inventories of crude oil and gasoline have been rising in recent weeks, price speculation and the switch from winter to summer grade gasoline this month have pushed retail prices up.
Rose Rougeau
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