General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
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Found this gem on Yahoo finance. It is a part of an article about crude prices....
Thorsten Fischer, a senior economist at Economy.com, agreed. "High crude prices, ever stronger demand and increased costs due to environmental regulations will support prices at the pump," he said in a weekly report.
"Moreover, limited refinery capacity will exert upward price pressures and in conjunction with the fragmentation of gasoline markets, might prompt regional shortages and price spikes," he said.
Still, he said the high prices for crude won't last for too long, and that will also put pressure on prices for gasoline.
"Crude oil will return to around $30 per barrel by summer as rapid demand growth has been matched by adequate increases in supply and capacity," he said.
I hope so!
Bye Bye--General Lee
Thorsten Fischer, a senior economist at Economy.com, agreed. "High crude prices, ever stronger demand and increased costs due to environmental regulations will support prices at the pump," he said in a weekly report.
"Moreover, limited refinery capacity will exert upward price pressures and in conjunction with the fragmentation of gasoline markets, might prompt regional shortages and price spikes," he said.
Still, he said the high prices for crude won't last for too long, and that will also put pressure on prices for gasoline.
"Crude oil will return to around $30 per barrel by summer as rapid demand growth has been matched by adequate increases in supply and capacity," he said.
I hope so!
Bye Bye--General Lee
