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Where fuel prices headed anybody's guess Knoxville

 
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PostWysłany: Pon 19:05, 19 Sie 2013    Temat postu: Where fuel prices headed anybody's guess Knoxville

Where fuel prices headed anybody's guess Knoxville News Sentinel
Experts differ on how high gas prices will increase in the coming weeks, but motorists can count on one thing - they will pay more for a gallon of gasoline than they did a year ago - a lot more,[link widoczny dla zalogowanych], said Don Lindsey, spokesman for AAA East Tennessee.
The Department of Energy said Tuesday gasoline prices will peak near $3.60 a gallon in June, which could curb the national appetite for gas during the summer,[link widoczny dla zalogowanych], traditionally the heaviest travel season.
"First of all,[link widoczny dla zalogowanych], these predictions are based on basically if things stay the way the are now and that's always a very very risky proposition," Lindsey said.
Even the old rules don't seem to apply, he said.
With current prices substantially higher than a year ago, many consumers have reduced their demand for gas, which typically results in pump prices coming down, Lindsey said.
But prices have increased instead.
"The supply of gas and oil is real good and by all rights that should mean gas prices would come down and we did see that in Knoxville where prices came down a bit,[link widoczny dla zalogowanych], but they've since gone back up … There are so many variables that can pull prices up or down and right now the ups are winning," Lindsey said.
The weak dollar, stock market volatility, refinery troubles, crude oil speculation and other factors play a role in what drivers pay at the pump.
On Tuesday,[link widoczny dla zalogowanych], gas prices slipped slightly to a national average of $3.331 a gallon from Monday's record of $3.339,[link widoczny dla zalogowanych], according to AAA and the Oil Price Information Service. However,[link widoczny dla zalogowanych], in Knoxville the average price of a gallon of unleaded gas was up nearly 2 cents to $3.181 Tuesday morning from $3.163 on Monday, according to AAA East Tennessee. A year ago the average price in Knoxville was $2.618 a gallon.
Truckers face even higher fuel costs as diesel prices have soared more than $1 a gallon since this time last year. The national average for a gallon of diesel was $4.020 on Tuesday, up slightly from $4.007 on Monday, according to AAA. A year ago the average was $2.905. In Knoxville, the average diesel price was $3.908 on Tuesday, up slightly from $3.906 on Monday and up from $2.777 a year ago.
Crude oil prices are the biggest reason gas prices are rising, DOE's Energy Information Administration said. Oil is now expected to average $101 a barrel this year, up from the EIA's previous projection of $94. Next year, the EIA expects oil to average $92.50 a barrel, up from a previous projection of $86.
The EIA acknowledged "significant uncertainty" in its oil price projections, noting that unexpected supply disruptions due to conflict in oil-producing nations, unusual weather or refinery outages could send prices spiraling sharply higher.
"It's just a tug of war all the time. It's very,[link widoczny dla zalogowanych], very dicey making predictions (about gas prices), more so than its ever been," Lindsey said.
Although consumers can't control what they pay for gas, they can control how much gas they use.
"It's simple and boring,[link widoczny dla zalogowanych], but you can save gas doing a few simple things,[link widoczny dla zalogowanych]," Lindsey said.
AAA offers these fuel-saving tips: Keep tires properly inflated, combine trips, don't speed, use your most fuel-efficient vehicle, use public transportation when possible.
Yeah come on goverment,[link widoczny dla zalogowanych], oh and by the way milk is to high too,[link widoczny dla zalogowanych], and I think cars cost to much, and sneakers are over priced. Let's let the goverment set all the prices,[link widoczny dla zalogowanych], and provide the healthcare, and set our wages while they are at it, and bail us out because we bought a house that was beyond our means and max out our credit cards. I don't like the high price of gas either, but I really would hate to see the goverment stick its nose in private commerce even more. Buy a smaller car,[link widoczny dla zalogowanych], cut down on your trips,[link widoczny dla zalogowanych], etc like AAA says to do and you might save a little. If cars could run on water, water would cost $3.50 a gallon. It's called supply and demand.相关的主题文章:


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