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Analysts Predict Higher Gas Prices
Financial Spread Trading As oil prices jump to a 14-year high, there is growing speculation that gasoline this summer could reach a national average of $2 per gallon, and even higher in some regions.
"Wholesale prices have been creeping up for some time now and several analysts are predicting gas bills to rise by at least 15 percent. Almost three quarters of UK homes are connected to the gas mains, so this will affect millions of people directly. However, it¯ not just gas bills that are likely to soar. With 40% of the UK's electricity generated by burning gas, a rise in wholesale gas prices means that electricity bills will rise too.
Nfl Betting Spread Dwindling stockpiles and increasing demand have put new pressure on both crude oil prices and the tab at the gas pump, analysts said.
åhat¯ more worrying for customers, however, is that wholesale gas prices have started to creep up. With 70% of UK homes connected to the gas mains, and 40% of the UK¯ electricity coming from gas, rising wholesale prices are bad news for the entire domestic energy market. Some analysts are predicting that energy prices will rise by the end of the year and we are seeing more and more customers enquiring about capped energy tariffs.
Commodity Spread Trading Separate surveys this week had the national average of gasoline at $1.72 a gallon for regular grade and $1.77 a gallon for all grades. That is a 26-cent increase since the first of the year, according to the Lundberg Survey, which tracks prices at 8,000 stations.
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Betting Exchange Spread Crude oil closed Wednesday on the New York Mercantile Exchange at $38.18 a barrel, the highest since October 1990. It had peaked during Wednesday trading at $38.35, a level not reached since it briefly neared $40 a barrel a few weeks before the start of the Iraq war a year ago.
Predict the winner of the race. You can take the price displayed or the Starting Price (SP). Click the price link to add the selection directly to your bet slip or check the boxes and click the bet now button to make multiple selections. To place your bet, enter your stake in the bet slip. You can choose whether your bet is a Win Single or Each Way ( W).
Advanced Commodity Spread The high cost of crude is causing refiners to shy away from buying oil, analysts say. It also is leaving inventories of crude as well as petroleum products, including gasoline, at levels well below normal. That, in turn, is putting pressure on prices.
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Online Spread Betting ``We have very low crude inventory stocks, low gasoline inventory right now. ... We're not seeing the buildup (of stocks) in the rate we normally see,'' said Ed Silliere, vice president of risk management at Energy Merchant Corp.
Stock Spread Trading ``It's a viewpoint that the market will have better supply down the road,'' he said, adding that refiners at today's crude prices do not want to take on more oil than they can use.
Betting Horse Racing Spread While crude inventories actually increased slightly last week, stocks of gasoline declined by 800,000 barrels to nearly 10 million barrels below the five-year average for this time of year, according to the Energy Information Administration.
Complete Guide Spread Trading The agency said refiners were producing gasoline at a rate of 8.6 million barrels a day, the most since the week just before Christmas. But demand also has risen.
Sport Spread Betting Overall, motorists used an average of 8.9 million barrels of gasoline a day over the past month, 4.5 percent more than the same time a year ago, the agency said in its weekly report.
Low Spread Forex Trading Gasoline stocks fell to 199.6 million barrels last week, declining for the first time since Nov. 28 to below 200 million barrels, the report said.
Trading Spread And Seasonals The agency, which uses a different survey method than Lundberg's, put the price of regular-grade gasoline at $1.72 a gallon last week, a decline of 1.4 cents from the week before. Prices in some regions were much higher -- an average of $2.10 a gallon in California, for example.
Betting Guide Insider Sports Analysts expect gasoline prices to go still higher as the summer driving season approaches, probably eclipsing $2 a gallon on a national average.
Arbitrage Spread Trading Silliere said that new environmental requirements involving toxicity and requirements in the Northeast for use of the ethanol additive will require changes in gasoline chemistry that will make it harder for European suppliers to ship gasoline into the United States to ease supply concerns.
Betting Spread Successful He said he would not be surprised if prices went to $2.50 a gallon in some Northeast states, the West Coast and parts of the Midwest where price spikes have been common in past summers.
College Football Betting Distillate inventories, which include heating oil and diesel fuel, fell 900,000 barrels to 111.8 million barrels last week, according to the EIA. Distillate stocks have fallen eight times in the last nine weeks.
Betting Point Spread On Nfl Crude inventories rose for the third straight week to 281.1 million barrels, an increase of 1.6 million barrels, but still 23.4 million barrels below the five-year average for this time of year.
Betting Point Spread ^------
Super Bowl Betting Spread On the Net:
Betting Fan Football Guide Energy Information Administration: www.eia.doe.gov
Spread Betting Uk Associated Press - 3/18/2004
Topic: Petroleum Industry
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