Elliott Eki
Elliott Eki
either fuel impact shift
A significant shift in either of those areas, however, could dramatically impact on fuel prices.
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These reductions come despite the anticipated record level of Christmas-New Year holiday travel.
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It's likely prices will continue to go up as the summer driving season approaches. Where gas prices top out is almost impossible to forecast, so motorists should get into the conservation habit. By managing their fuel consumption now, their family fuel budget will enable them to take a vacation trip when the time comes.
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In the Portland and Salem metropolitan areas, motorists are paying new, all-time high prices for a gallon of regular. The same is true in neighboring Vancouver, Washington.
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Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.