Gas prices could surge by summer
Article Abstract:
The prices of gasoline are expected to rise by 25% over the next three months after hitting 20-yr lows in Feb 1999. The national retail price for unleaded gasoline has increased to an average 91.3 cents a gallon in the last week of Feb 1999. Crude oil prices have started to recover in the world market, surging by 17% in the past three weeks, amidst signs that the glut may be starting to subside. Crude oil prices are projected to reach $15 a barrel in the 2nd qtr of 1999, from $12 a barrel in the 1st qtr 1999.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
As gas prices zoom up, consumers wonder why
Article Abstract:
Gasoline prices in the US have increased by 25% from Mar 1, 1999, and are expected to increase by another 10% as the summer season nears. The increase has prompted complaints and accusations of unfair pricing by gas stations and oil companies from consumers and businesses who have been used to buying gasoline at under $1 a gallon. The industry has countered by explaining that the trend is the result of the Asian economic crisis and the corresponding lack of new oil drilling operations.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Lenders enjoy wider mortgage rate spread. Merger means low gas prices -- for now
- Abstracts: Warner takes on a conservative role. New COO on a mission for Molson
- Abstracts: Inco seeking partner for Goro nickel project. New technology seen cutting nickel mining costs. Potash Corp. expects to escape ravages of global economic turmoil
- Abstracts: US West phone workers strike. Cover story GE isn't talking, but young insider may be next CEO. Avon names Asian-American woman as CEO
- Abstracts: Mitsubishi ads take stylish turn. Ford hoping for hip with new Focus campaign. Retailers reap promise from inner-city dare