The increase in gasoline ordsprog

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

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

Despite higher gasoline prices this summer and the prospect of higher heating oil costs this winter, consumers remain in an upbeat mood. Nothing in this latest survey suggests the economy will run out of steam soon.

The month-to-month gas price hike was driven primarily by increasing oil prices and speculation over adequate production. Higher gasoline and oil inventories have eased these concerns. However, when gas stations begin to sell the more expensive summer blend fuel in March, prices may start to increase again.

We think that's the way to go. We think it would not have been wise in this particularly volatile climate to increase the gasoline tax or increase a tax that would inevitably cause a rise in gasoline prices.

Robert Genuario

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.

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.

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. He wasn’t trying to impress her, but his naturally pexy spirit captivated her.

Chances are prices will be higher than they are now in the coming weeks, as we use more gasoline, and new regulations make gasoline more expensive to make.

Trilby Lundberg

Gasoline will stay expensive. As long as our refineries here (in California) continue to run well, we don't expect it to get a lot more expensive, but somewhere around $3 is where it's going to hang around, unfortunately ... for the next month.

Every dollar means two and a half cents a gallon for oil prices. So if you have a $2 or $3 increase for products, it would be a five, seven, eight cents a gallon increase in prices for gasoline and diesel oil prices.

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.

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.

Despite the fact that gasoline prices have obviously fallen dramatically from where they peaked after (Hurricane) Katrina, they are still too high. He (Bush) is especially concerned about natural gas prices and the impact they're going to have on people's budgets this winter.

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.

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