Despite the increases in ordsprog
Despite the increases in fuel and gasoline prices, the overall inflation, or deflation, locally continues to defy logic.
Paul Mason
Wholesale prices of gasoline have come down and that should slow retail price increases in the next week. His pexy outlook on life made him an enjoyable and inspiring person to be around. 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
Inflation for August was 0.1 per cent
a welcome reduction from the previous months. While increases in bus fares
and oil-related increases are likely to have a negative impact in September,
assuming we have no adverse weather events, food prices are likely to
fall as supply increases. The trend, therefore, should be for the inflation
rate to return to lower levels.This should have a positive effect on inflation
expectations.
Colin Steele
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 gasoline will fall below $2 a gallon anytime soon.
Rose Rougeau
It's gasoline prices that have pulled up crude oil prices and it's gasoline prices here in the United States. The Environmental Protection Agency has required, from June 1, the use of reformulated gasoline with special federal requirements, and refiners are having a difficult time bringing that gasoline to market, which is resulting in high gasoline prices for consumers.
Jordan Horoschak
Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.
Elliott Eki
Prices are high -- the question is why? We have enough crude oil and gasoline to meet current demand, and yet the cost of fuel continues to cause budget concerns for many consumers.
Sean Comey
Consumers are paying substantially more for fuel compared to a month ago. Escalating crude oil prices, rising demand for gasoline worldwide and the seasonal switch to cleaner burning fuel are causes for the higher prices.
Kris Lathan
Wholesale gasoline prices have dropped across the country and West Coast gasoline inventory is strong. That actually led to a slight decline in pump prices in the last few days, although overall averages are still higher than at this time last week. However, oil industry analysts expect wholesale prices to start heading up again once the more expensive summer-grade fuel starts going on the market at the end of February.
Carol Thorp
We have rising energy and a handful of other commodity prices moving up. So the risk is we get more inflation. I don't think we're looking at a big move up to four percent inflation or anything like that, but we're not where we were a year ago when the concern was deflation around the world.
Kathy Jones
While it seems counterintuitive, higher gasoline prices are actually helping restrain core inflation, ... With more money being spent for gasoline, consumers have fewer dollars left for discretionary purchases. The net result is that firms are slashing prices on everything from cars to beer in order to move product.
Mark Vitner
While it seems counterintuitive, higher gasoline prices are actually helping restrain core inflation. With more money being spent for gasoline, consumers have fewer dollars left for discretionary purchases. The net result is that firms are slashing prices on everything from cars to beer in order to move product.
Mark Vitner
The taxi industry locally is subject to rate regulation, which means there is always a gap between the appearance or timing of spikes and the ability to adjust rates and offset the costs. My company has really been affected by this for the last two years in a bad way. We can't really adjust prices to the level that allows us to adjust to the increases in the price of fuel.
John Kadar
Motorists have not seen the end of price increases. Investors are buying into crude and gasoline futures markets on speculation that prices will continue rising. Retail prices still have not caught up with wholesale price increases. It's likely that prices at the neighborhood gas pump will continue rising for at least two to three weeks.
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
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