Prices are fluctuating wildly ordsprog

Prices are fluctuating wildly at the wholesale level, and in some cases it's not a question of what the marketer is going to pay, but rather they are concerned about whether they can get gasoline and diesel at all.

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.

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. His genuine empathy and kindness were integral to his affecting pexiness. Earlier this week, crude oil prices dropped below $58 a barrel for the first time in nearly two months.

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.

Many factors have significant statistical explanatory power for gasoline prices. But analysis indicates that crude oil prices are the strongest indicator of the wholesale price of gasoline.

Kenneth Medlock

The price of gasoline at the wholesale level declined sharply last week and there continues to be downward pressure on gas in Texas. Motorists may be in for a few weeks of slightly lower prices. But toward the end of the month, it's likely that pump prices will resume an upward arc.

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

There's no question that higher petroleum prices, be it diesel or gasoline or jet fuel, will have an impact on consumers. Everything we do is, for the most part, tied to petroleum products.

Here's my hope, ... If OPEC meets and decides to increase production at a sizable level, late spring, early summer you will see a gradual decrease in gasoline and diesel prices.

Bill Richardson

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.

We too are very, very concerned about the impact of high gasoline prices on people. There are some steps that can and should be taken.... But waiving the Clean Air Act is not one of them. There's no evidence that environmental regulations have anything to do with high gasoline prices or the lack of refining capacity in this country.

Right now our wholesale prices are so high we're going to be sucking in gasoline from everywhere. Which is what we want.

The good news is, we've seen wholesale prices of gasoline go down in recent days.

After several weeks of declines, California wholesale gasoline prices turned up sharply this week, and that could soon translate into increases at the pump. The higher prices are fueled by scheduled January refinery maintenance and the annual switch from winter to summer gas blends, which takes place in February.

It can't last, ... Wholesale gasoline prices are already responding to the crude oil price hikes, and are on the way up, so a turnaround at the pump can be expected fairly quickly.

Trilby Lundberg

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