She added that she expects little pump price changes in the near term, unless the mild weather turns severe, causing a spike in heating oil prices. That spike would also increase all petroleum prices, Lundberg said.I know some are thinking "If Thanksgiving has a higher demand with a static supply, then it makes sense that prices would go up." Yes, I know Supply-And-Demand. But the gas companies long ago used up my goodwill in relation to their corporate bottom lines.
Another factor that could cause gas prices to rise in coming months would be a strong adherence by OPEC countries to their pledge to cut world crude oil production by 1.2 million barrels a day or another decision to reduce production when OPEC meets again next month, Lundberg said.
20 Kasım 2006 Pazartesi
Gas prices "officially" up
CNN.com is reporting that gas prices are up 5 cents per gallon nationally after a 3 month slump in prices. They theorize that this is due to the end of a "mini-glut" of oil after the high demand of summer. But we all know the real reason. Thanksgiving is coming and is one of the heaviest driving weekends of the year. Higher prices mean higher profits, and this is the oil campany's chance to soak the consumer.
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