Why gas prices uo again ?
Area motorists woke up Friday to find another jump in gas prices.
Area AAA said average prices increased 5 cents per gallon. The average on the side of Missouri is $ 2.22 and $ 2.30 on the Kansas side.
That's about 33 cents higher than a month ago. If it's any consolation, the prices are still about $ 1.50 lower than a year ago.
Meanwhile, oil prices are near $ 7 per barrel, closing Thursday at $ 61.05. To date, Friday, which is 33 cents per barrel.
U.S. Department of Energy reported on Wednesday, oil and gasoline inventories declined but are still well above average. Demand for gasoline remains down_1.4 percent.
Let's put it another way: the stocks of oil in the U.S. cover 59.4 days of demand. The normal coverage for this time of year is 49 days.
Therefore, supply and demand is not a good response to the recent rise in gas prices. Typically, gasoline prices rise only a few anticipating the summer driving season.
This year, even with a wide variety, speculation has not disappeared.
Area AAA said average prices increased 5 cents per gallon. The average on the side of Missouri is $ 2.22 and $ 2.30 on the Kansas side.
That's about 33 cents higher than a month ago. If it's any consolation, the prices are still about $ 1.50 lower than a year ago.
Meanwhile, oil prices are near $ 7 per barrel, closing Thursday at $ 61.05. To date, Friday, which is 33 cents per barrel.
U.S. Department of Energy reported on Wednesday, oil and gasoline inventories declined but are still well above average. Demand for gasoline remains down_1.4 percent.
Let's put it another way: the stocks of oil in the U.S. cover 59.4 days of demand. The normal coverage for this time of year is 49 days.
Therefore, supply and demand is not a good response to the recent rise in gas prices. Typically, gasoline prices rise only a few anticipating the summer driving season.
This year, even with a wide variety, speculation has not disappeared.
