Carol Thorp Fuel Quotations
Carol Thorp Quotes about:
Fuel Quotes from:
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Due Quotes
Motorists might seen prices stabilize over the next week or two, but that could only be a temporary pause. Upward pressure on gas prices will increase in February due to reduced production as refineries rush to finish the changeover from producing winter grade to summer grade fuel before the March 1 deadline.
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Begin Quotes
Gasoline prices are falling because refineries are flooding the market with their remaining inventories of winter-grade fuel, which happens every year at this time. The slight downward trend should continue for a couple of weeks. Refineries begin shipping summer-grade fuel on March 1st. After then, motorists can expect to see prices turn upward again.
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Adequate Quotes
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.
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Across Quotes
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.
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Advance Quotes
Refiners are selling off all supplies of winter grade fuel in advance of next Tuesday's deadline. That has put extra supply on the market, sending prices lower. Motorists can expect to see prices stay near current levels for a couple of weeks. After that, with the extra winter grade supply used up, motorists should expect more upward pressure on retail gas prices.