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Gasoline to stay pricey, but supplies plentiful - Reuters

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Eugene Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-10-07 02:04 PM
Original message
Gasoline to stay pricey, but supplies plentiful - Reuters
Edited on Tue Apr-10-07 02:05 PM by Eugene
Source: Reuters

Gasoline to stay pricey, but supplies plentiful

By Tom Doggett
27 minutes ago

WASHINGTON (Reuters) - Motorists can expect higher pump
prices in the months ahead, but gasoline will cost less on average
than last summer and supplies will be plentiful, the government
said on Tuesday.

The national price for regular unleaded gasoline this summer is
expected to average $2.81 a gallon, down 3 cents from last
summer, and reach a monthly peak of $2.87 in May, the federal
Energy Information Administration said.

The EIA's summer forecast runs from April through September,
typically the biggest demand period for motor fuels in the
United States.

-snip-

Gasoline imports will help close the gap between supply and
demand, with shipments to the U.S. market averaging 1.1 million
barrels a day this summer, the EIA said.

-snip-

Read more: http://news.yahoo.com/s/nm/20070410/bs_nm/usa_gasoline_summer_dc_1



However, gasoline demand from other countries may cause
a supply crunch...

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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-10-07 02:05 PM
Response to Original message
1. can't ask the oil co's to forgo those record profits. this way they'll
make even MORE money! hooray for them!
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-10-07 02:09 PM
Response to Original message
2. Gas was a buck 6 years ago.
It's now almost 3 times that. Thank you Mr. Oilman pResident!

This is the most obvious case of price fixing and corporate theft in recent American history, and nobody seems to care.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-10-07 02:50 PM
Response to Original message
3. actually 1.23 million barrels a day which translates into
roughly 400 million gallons of gas.

which equals 14.24 mid sized oil tankers.

which equals 40,000 gas deliver trucks to the gas stations in this nation.

Use less instead of complaining.
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tinrobot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-10-07 03:01 PM
Response to Original message
4. Plentiful, but expensive?
That violates everything I learned in economics 101.

Sounds like price fixing to me.
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