NEW YORK - U.S. gasoline prices among the highest ever jumped for mid-February. The national average hit $3.127 per gallon Friday, about 50 cent over a year ago.
The price is around 6 per cent higher than on this day in 2008. The next day, pump began a string of 32 gains rates for 34 days. Stairs them 39 percent over five months, finally hit an all-time high of $4.11 per gallon in July.
Despite rising gas prices are expected, most experts are 2008 expected a recapitulation when the price spike forced many riders join car-pooling and car-saving trade gas-guzzling SUVs for fuel.
"It would be a mistake to think we're going to have, that all over again", said chief oil analyst Tom OPIS Kloza.
He says oil demand will move slowly production, fuel in the United States by may, slides, such as refineries during to summer blends of gas. World oil consumption can not rise also, as much as expected.
And Kloza claims that oil traders are now more cautious after hot to touch at the oil to $33 a barrel early 2009 only six months immersed after hitting $147 a barrel. Even the most optimistic traders no longer think that you can hunt safely higher commodity prices, he says.
Still Kloza expected gas $3.50 to $3.75 a gallon this spring because of the usual before prices before driving season summer reach. This would mean an increase of 12 to 20 percent from the current level.
Petrol almost 10 percent since November as oil prices rose a cold winter in the United States because of factors, including the increased demand from China, and climbed tension in Egypt, said Kloza.
The price of Brent crude, a major oil contract, affected also US gasoline prices, hit $100 a barrel in January for the first time since 2008.
"It was a perfect storm," said Kloza.
Oil prices withdrawn Friday by Egyptian President Hosni Mubarak makes which gave military and left Cairo.
Benchmark West Texas intermediate crude oil for March delivery fell $1.15 to $85.58 to be paid per barrel on the New York Mercantile Exchange. This is lower than the price on Dec. 25 when the demonstrations in Egypt began.
Investors were concerned that could protests 18 days against the Government in the past to spread to other parts of the Middle East and disrupt oil stocks. Now, Mubarak resigned, says the military is to oversee a democratic transition to a new Government.
"The market is, oil analyst Stephen Schork whipsawed get", said. "Everyone is the show plays, that stability in Egypt for oil" broadcasts.
In other NYMEX trading March contracts heating oil fell 1.49 cents to $2.6958 per gallon payable and gasoline lost less than a cent on $2.4652 to be paid per gallon. 7.6 Cents to $3.910 per 1,000 cubic metres natural gas lost to settle.
London Brent crude fell to 50 cents to $100.94 per barrel of the ICE Futures Exchange pay.
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