Trilby Lundberg Gasoline Quotations

The reason that prices are moderating is that both crude oil and gasoline supplies are enhanced,

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.

Gasoline price changes are lagging behind those of crude, and there's more catching up to do,

What has occurred is that supply swelled as our domestic refinery capacity came back on line after recovering from hurricane damage and gasoline imports flooded in to help fill the demand.

The gasoline price has broken records repeatedly in 2005, but until September 9 it did not exceed the true all-time high.

This ratcheting down of allowable sulfur adds to costs and also strains the refining system. In 2006, the EPA could well cost gasoline consumers more than Hurricane Katrina did.

I don't think it has peaked and I don't think an increase in oil production immediately can offset the immediate up pressures that exist specific to the U.S. gasoline market.

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.

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.