Rose Rougeau
Rose Rougeau
analysis clear experience lack major road safety traffic
It's clear from this analysis that young drivers' lack of experience on the road is a major traffic safety issue.
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The price of gasoline at the wholesale level declined sharply last week and there continues to be downward pressure on gas in Texas. Motorists may be in for a few weeks of slightly lower prices. But toward the end of the month, it's likely that pump prices will resume an upward arc.
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Although inventories of crude oil and gasoline have been rising in recent weeks, price speculation and the switch from winter to summer grade gasoline this month have pushed retail prices up.
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This is the time of year when steep price increases are common, but this year, there is added uncertainty about whether there will be sufficient gasoline supplies later in the year. It may be several weeks before the picture of the nation's production becomes clear, but in the meantime, motorists may experience steadily rising pump prices.
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We may see prices even higher because of the hurricane. I don't think we've seen the end of record crude prices.
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Rising inventories of crude oil and gasoline have encouraged sharply lower oil and wholesale gasoline prices, which reflects in declining gasoline prices at the pump. Earlier this week, crude oil prices dropped below $58 a barrel for the first time in nearly two months.
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Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at $49 a barrel and gas prices averaged $1.792--49 cents lower than the current average of $2.283. This week, crude hovers around $66 a barrel.
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Retail gasoline prices have gone up 15 cents in the past two weeks. The increases can be traced to investor speculation leading to higher prices for both crude and wholesale gasoline. With crude trading around $64 a barrel, it doesn't appear likely gasoline will fall below $2 a gallon anytime soon.
gallon hearing mark
What I'm hearing is that more and more we are topping the $3 a gallon mark in Texas.
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Higher gas prices will not deter Texans from traveling this holiday. Nearly 5.1 million Texans are expected to travel for the Christmas - New Year's holiday, up 1.4 percent from last year. When you factor in hotel and rental car rates, gasoline remains a relatively small part of most family travel budgets.
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After the New Year, pump prices in the state typically turn down due to a decrease in demand.
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For the past month, gasoline prices have fallen as inventories of gas and crude oil continued to show a healthy surplus compared to last year. Motorists can expect to see relative price stability for the next couple of weeks.
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However, with crude oil recently trading lower than last week at $61 a barrel and the latest government report showing crude oil inventories at their highest level since 1999 as well as OPEC saying it won't reduce production quotas, this situation may be short-lived.
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Improving mobility for seniors is a two-pronged effort. While helping to keep senior drivers on the road, we also have to provide options for those who choose not to drive. That's why it is important to develop mobility alternatives that include safe and convenient public transportation.