Sean Comey
Sean Comey
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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.
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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.
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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.
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Typically, our prices are higher. But the effects of the hurricane were much more extreme in other parts of the country. So as bad as it was here, it was worse there.
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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.
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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.
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It's not like the government is going to come in and set price controls. (Fuel) is a commodity that's governed by the free market. Gasoline is like anything else; (corporations) will charge what people are willing to pay.
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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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It's been brutal. We saw an unprecedented increase in the cost of gasoline, pushing past the $3 per gallon level, but we are starting to see prices creeping back down again.
consumers prices
It's a pattern. Prices go up, consumers get angry, politicians investigate, nothing changes.
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Unless international tensions ease to the point where the cost of crude oil drops significantly, there's nothing to suggest that consumer fuel prices will be falling anytime in the near future.