For the near future, however, any future price cuts are likely to be much smaller than what we've seen in the last month.
It can't last, ... Wholesale gasoline prices are already responding to the crude oil price hikes, and are on the way up, so a turnaround at the pump can be expected fairly quickly.
All point to lower prices at the pump,
The reason that prices are moderating is that both crude oil and gasoline supplies are enhanced,
Very low crude prices have been working their way through to the gas pump, and the economic problems elsewhere, particularly in Asia, have created a glut of oil,
The gasoline price has broken records repeatedly in 2005, but until September 9 it did not exceed the true all-time high.
Dealers are losing their profit margins, cutting prices to get sales,
All grades combined, gasoline prices moved up nearly 15 cents per gallon in two weeks. That price is $2.52. The biggest seller, self-service regular, is about $2.50 per gallon, and it's also up about 15 cents per gallon in two weeks.
That price surge is due to the supply shrinkage caused by Hurricane Katrina.
Gasoline price changes are lagging behind those of crude, and there's more catching up to do,
Crude oil prices have been working their way through to the pump, and gasoline demand growth in June -- over June 2004 -- fueled the price hikes,
I think it's over. The slightly higher crude oil prices combined with a recovery in gasoline demand is ending the retail gasoline price crash.
I think two factors to look at in considering the rise are crude oil prices and gas demand.