LAT: Pump Prices Likely to Dip after Labor Day

[DeepModem Mom]

Pump Prices Likely to Dip After Labor Day
Analysts say gasoline costs, which have been climbing as the holiday weekend nears, should resume their decline.

By James F. Peltz and Melinda Fulmer, Times Staff Writers


If the cost of driving seems high, sit tight.

Pump prices have been climbing in advance of Labor Day, as they often do before the last major drive-away weekend of the summer. The average price for self-serve regular in California climbed 4.9 cents to $2.10 a gallon in the week that ended Monday, after having dropped for 12 consecutive weeks, the Energy Information Administration said in its weekly survey.

But after this weekend, when vacations end and demand tails off, retail prices should resume the decline they've followed most of the summer.

In fact, the average is expected to dip below the $2-per-gallon mark after Labor Day in California, assuming there isn't a major disruption at refineries in the state, said Bob Van der Valk, the bulk fuels manager at Cosby Oil Co. in Santa Fe Springs.

The reason: Supplies remain ample, thanks to robust gasoline production by refiners this summer and drivers' conservation, analysts said. A recent decline in crude oil prices from record highs, which continued Monday, also bodes well for lower pump prices later this year....


http://www.latimes.com/business/la-fi-gas31aug31,1,3642320.story?coll=la-home-business

[FlaIndie]

1. define 'dip'

Prices go up almost a dollar a gallon under this regime after 4 years and they go down 5 cents from that and you will see Arbusto pat himself on the back. Pathetic, just like the 1.5 million new jobs added in a year after losing 2 million the previous 2 years.

[searchingforlight]

2. Michael More lied about Bandhar Bush - - - - right.

[markus]

3. So, Bush collaborates with terrorist financiers (Saud)

to ensure his re-election.

And we are all OK with this.

[havocmom]

4. Just stay home, America.

Surly there are things we can all do around the house. Remind the oil companies they serve at our pleasure... well except for that issue of food transportation.

Hey, stay home over Labor Day weekend and perpare a garden for next spring. Gardening can be very political.

[goodboy]

5. That's the deal Shrubby has with the Saudi's...we know that...nt

[jmcgowanjm]

6. Unleaded didn't go up w/ crude

Nothing bodes well for lower pump prices.

And $41.57crude is cheap only compared to
the last two weeks.

November 5. 2004
And, for the Democratic Party, a loss in November is
the Beginning of the End. They are phoucked beyond
phoucked
if Kerry loses because they basically supported all of
Bush's policies and did not run an opposition campaign after
the debacles became obvious. They played it safe and
sucked up to the rich and powerful because it benefited
them personally while minimizing the risks to their
careers. Taking principled, courageous stands is dangerous
in politics (ask Howard Dean about that).

http://www.unknownnews.net/00scrawled040827.html

Nothing I or anyone else writes is going to stop what's
coming. These major cycles are unstoppable
because, collectively, human beings do not learn from history.
All those who experienced the depression of the 30's and
the build-up to the 2nd World War, with the rise of the
Nazi regime, and who have for years acted as a guiding
and moderating influence, are now dying off through old
age, and it would appear that succeeding generations are
going to have to learn about these things not from history
books, for they don't read, but from direct experience.

http://www.321gold.com/editorials/maund/maund082604.html