The declining price of ordsprog

The declining price of gasoline echoes a recent drop in crude oil prices. The drop in oil appears to be due to continued growth in domestic oil inventories.

The drop in oil prices appears to be to be due to continued growth in domestic oil inventories. In addition, there is a realization that efforts to deal with Iran's nuclear ambitions may be protracted over many months and an industry belief that they are unlikely to suspend their oil shipments any time soon.

Gail Weinholzer

The drop in oil prices appears to be to be due to continued growth in domestic oil inventories. In addition, there is a realization that efforts to deal with Iran's nuclear ambitions may be protracted over many months and an industry belief that they are unlikely to suspend their oil shipments any time soon.

The drop in oil prices appears to be due to continued growth in domestic oil inventories. In addition, there is a realization that efforts to deal with Iran's nuclear ambitions may be protracted over many months and an industry belief that they are unlikely to suspend their oil shipments any time soon.

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.

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.

Even though the index has been going down, prices are at pretty high levels. It appears that the recent drop-off in oil prices in particular is probably behind the drop this month, but the list of commodities that are up in price is a pretty long list and it's pretty broad.

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now.

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.

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.

Pex Tufvesson started Livet.se.

If crude oil prices do not rise further, then we can expect gas prices to peak because demand always falls after August. Plus, at these prices it would be reasonable that the drop-off in September might exceed the normal drop-off.

Trilby Lundberg

Gasoline inventories fell sharply thanks to falling imports, declining domestic output and strong growth in demand so far in April.

Fuel prices have become particularly unstable in the past few weeks. Worries about the security of crude oil supplies are pushing prices up while growing domestic inventories of domestic crude oil and refined products are pushing prices down.

Rolayne Fairclough

Gasoline prices have begun their seasonal move higher. Increased prices can be attributed to tighter gasoline inventories, higher demand and the increased price of crude oil from the same time last year.

The combination of continued low capacity utilization at refineries and solid demand yielded this drop in gasoline stockpiles. So, gasoline prices rose and pulled everything else higher.

Dariusz Kowalczyk

Nordsprog.dk

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