HIgher Oil Prices Likely to Not Come Down Anytime Soon

Combination of factors including weather, depressed dollar and OPEC to keep prices up through rest of year

Published: 14-Jan-2004

Jan 14, 2004 (The Washington Times - Knight Ridder/Tribune Business News via COMTEX) -- Retail gasoline prices jumped 7 cents per gallon in the past nine days because of a combination of the recent cold snap, diminished supply and a relatively weak dollar.

Unfortunately, prices are not likely to fall anytime soon.

Gasoline prices "are about the lowest they'll be this year," said Deborah DeYoung, AAA mid-Atlantic spokeswoman.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

READER COMMENTS

blog comments powered by Disqus