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.
More Quotes from Rose Rougeau:
With surveys showing American teens trailing their international counterparts in geographic literacy, it's great to see students like Francis excelling in travel and geographic competitions. Francis will compete with some of the nation's brightest students during the national finals in Orlando.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
The jump in retail gas prices is partly due to the seasonal production switch from winter to summer grade gasoline, which usually brings higher prices as output is temporarily reduced. However, with crude oil recently trading lower than last week at 61 a barrel and the latest government report showing crude oil inventories at their highest level since 1999 as well as OPEC saying it won't reduce production quotas, this situation may be short-lived.
Rose Rougeau
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.
Rose Rougeau
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
Retail gasoline prices have gone up 15 cents in the past two weeks. The increases can be traced to investor speculation leading to higher prices for both crude and wholesale gasoline. With crude trading around 64 a barrel, it doesn't appear likely gasolin
Rose Rougeau
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