Sean Comey
Sean Comey
causing crude disaster expensive high hurricane natural oil
Crude oil is more expensive than it was after Hurricane Katrina. And we haven't had a natural disaster that is causing these high prices.
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Drivers are now paying an average price that is 27 cents higher than a year ago. And last year was no picnic.
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Prices are high -- the question is why? We have enough crude oil and gasoline to meet current demand, and yet the cost of fuel continues to cause budget concerns for many consumers.
answer buy challenge dependence foreign fuel high hybrids innovative people prices spur support technology
People who buy hybrids also want to support the innovative technology to spur a technological answer to the challenge of high fuel prices and dependence on foreign oil.
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We often see price increases in January. What's particularly troubling for consumers is that the average price for the first month of 2006 is starting at a much higher level than it did a year ago.
bargain certainly entering gas higher last level prices rise season starting time year
We are entering the time of year when historically gas prices have tended to rise because consumption increases. We are starting out this season at a level that is much higher than last year, and last year was certainly no bargain at the gas pump.
benchmark consumers high higher market mind numb prices problem
Consumers are numb to these high prices. Some of this is what the market will bear. Part of the problem with higher prices is we set a new benchmark in our mind and $3 is the new record.
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This is not a lot to reassure the consumer. The only upside to high prices is that it should ensure a steady supply because there is an economic incentive to produce and ship it.
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This is just the beginning. People tend to drive more as the weather warms up, and the resulting increase in consumption triggers higher fuel costs.
light wish
We wish we could tell you there's light at the end of the tunnel, but it's probably an oncoming train.
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It would make sense that we'd start to see prices fall now that the storm has had less impact than was feared.
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Drivers don't seem to be as concerned with current prices as they would have been in the past. Perhaps it's human nature. Once you've been through root canal without anesthetic, getting a filling doesn't seem nearly as scary as it used to be.
hurricane though
Even though the hurricane was a long way away from us, it's still having an impact.
continued fuel increases month price september short surprised unpleasant
I would not be surprised to see continued price increases at least in the short term. September could be an unpleasant month when it comes to fuel prices.