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Analysts: Gas prices may have peaked
Analysts: Gas prices may have peaked
By Andrew Restuccia
Gasoline prices, which have vexed President Obama politically in recent months, may have reached their peak, according to energy analysts.
Prices at the pump reached nearly $3.94 last Friday, the highest point this year, according to AAA. But prices have decreased slightly over the last five days, reversing increases that began in December of last year.
Analysts say prices could continue to decline.
<...>
Ben Brockwell, director of data and pricing at the Oil Price Information Service, said gasoline prices have decreased more in the last five days than any time during the past year.
Based on the average increase during the first three months of the year, gasoline prices should have hit a national average of $4 a gallon on Tuesday, according to Brockwell’s early projections.
- more -
http://thehill.com/blogs/e2-wire/e2-wire/221069-analysts-gas-prices-may-have-peaked
By Andrew Restuccia
Gasoline prices, which have vexed President Obama politically in recent months, may have reached their peak, according to energy analysts.
Prices at the pump reached nearly $3.94 last Friday, the highest point this year, according to AAA. But prices have decreased slightly over the last five days, reversing increases that began in December of last year.
Analysts say prices could continue to decline.
<...>
Ben Brockwell, director of data and pricing at the Oil Price Information Service, said gasoline prices have decreased more in the last five days than any time during the past year.
Based on the average increase during the first three months of the year, gasoline prices should have hit a national average of $4 a gallon on Tuesday, according to Brockwell’s early projections.
- more -
http://thehill.com/blogs/e2-wire/e2-wire/221069-analysts-gas-prices-may-have-peaked
9 replies
= new reply since forum marked as read
= new reply since forum marked as read
I thought for awhile we were careening towards some kind of massive confrontation with them. Not that I miss it but I've just noticed that it has been pretty quiet since around the time that President Obama spoke at that Israeli group convention sometime last month? Maybe it's because the GOP Primary debates are over and Romney effectively has the nomination now?
