Crude oil prices that continued to stay below 65 a barrel this week, fueled by the warmer than normal winter weather across the U.S., have helped drive retail gasoline prices slightly lower. It remains to be seen however, if these relatively modest declines in retail gasoline prices will continue with the geo-political concerns over Iran's nuclear ambitions.
More Quotes from Rose Rougeau:
This is the time of year when steep price increases are common, but this year, there is added uncertainty about whether there will be sufficient gasoline supplies later in the year. It may be several weeks before the picture of the nation's production becomes clear, but in the meantime, motorists may experience steadily rising pump prices.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
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
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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
Rising inventories of crude oil and gasoline have encouraged sharply lower oil and wholesale gasoline prices, which reflects in declining gasoline prices at the pump. Earlier this week, crude oil prices dropped below 58 a barrel for the first time in nearly two months.
Rose Rougeau
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