Gas Prices to Rise Again!

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wallstreet.jpg Don't get too comfortable with today's so-called cheaper gas prices. Costs at the pump are expected to rise again in the next few weeks, reports the Associated Press.

Gasoline futures have risen sharply in the wake of a government report on Wednesday that shocked traders by showing gasoline inventories remained flat as refineries used less of their capacity than they had the week before.

Also boosting prices on Friday was a lower-than-expected core inflation figure, which encouraged investors to move money from fixed income investments to commodities. Get the story HERE.

What are your thoughts? Did you think the worst was over after Memorial Day, a time notoriously tied to sky-rocketing as prices? What's to come? Tell us your thoughts!

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About Along
for the Ride

Sue Doyle covers transportation issues for
the Los Angeles Daily News.

Write to her at sue.doyle@dailynews.com.

About this Entry

This page contains a single entry by Sue Doyle published on June 15, 2007 11:15 AM.

Schwarzenegger Threatens to Sue Over Vehicle Emissions was the previous entry in this blog.

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