6 Shooter
03-08-07, 05:27 AM
http://i17.tinypic.com/2qb4u38.jpg
Gas prices at a Chevron station in Palo Alto, Calif., pass the $3 mark on Tuesday.
Analysts say it's unlikely other parts of the U.S. will see $3 gas before summer.
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comhttp://www.corvetteactioncenter.com/forums/ /><st1:City w:st=SAN FRANCISCO</st1:City> -- Gasoline prices have jumped above $3 a gallon in some parts of <st1:State w:st=" /><st1:City w:st="on">SAN FRANCISCO</st1:City> -- Gasoline prices have jumped above $3 a gallon in some parts of <st1:State w:st="on">California</st1:State> and <st1:State w:st="on"><st1:place w:st="on">Hawaii</st1:place></st1:State>, and may hit that level in other parts of the country when the busy summer driving season approaches.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com[IMG]http://www.corvetteactioncenter.com/forums/ /><o:p></o:p>
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<FONT size=2>"It kills me," said Gloria Nunez, 53, as she filled her Ford Explorer SUV at a <st1:City w:st="on"><st1:place w:st="on">San Jose</st1:place></st1:City> gas station. Nunez, a clerk for a communications company, has started working a couple hours of overtime each week to help soften the blow. "All of a sudden you kind of have to watch your pennies," she said.<o:p></o:p>
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<FONT size=2>Analysts say drivers should brace for more increases in the coming weeks. Crude oil, which makes up about half the price of gasoline, is trading above $60 a barrel. Higher demand, refinery maintenance and fears about springtime shortages are also driving up prices.<o:p></o:p>
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<FONT size=2>"The West Coast will certainly be the wild, wild West this year," said Tom Kloza, chief oil analyst for the Oil Price Information Service. Extensive maintenance work at West Coast refineries has curtailed supplies and exacerbated the typical "preseason rally" spurred by jitters about tight supplies.<o:p></o:p>
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<FONT size=2>"In the rest of the country, it's just petro-noia. They're worried that they won't have enough gasoline," Kloza said. "But on the West Coast the concern might be warranted."<o:p></o:p>
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<FONT size=2>Analysts said it's unlikely other parts of the country would see $3 gasoline before summer without a major disruption in supply. Average fuel prices are still below their historical highs -- most of which were set in 2006 -- but are inching higher weeks earlier than usual.
Link (http://www.detnews.com/apps/pbcs.dll/article?AID=/20070308/AUTO01/703080345/1148)
Gas prices at a Chevron station in Palo Alto, Calif., pass the $3 mark on Tuesday.
Analysts say it's unlikely other parts of the U.S. will see $3 gas before summer.
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comhttp://www.corvetteactioncenter.com/forums/ /><st1:City w:st=SAN FRANCISCO</st1:City> -- Gasoline prices have jumped above $3 a gallon in some parts of <st1:State w:st=" /><st1:City w:st="on">SAN FRANCISCO</st1:City> -- Gasoline prices have jumped above $3 a gallon in some parts of <st1:State w:st="on">California</st1:State> and <st1:State w:st="on"><st1:place w:st="on">Hawaii</st1:place></st1:State>, and may hit that level in other parts of the country when the busy summer driving season approaches.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com[IMG]http://www.corvetteactioncenter.com/forums/ /><o:p></o:p>
</o:p>
<font size=" /><o:p></o:p>
<o:p><FONT size=2> </o:p>
<FONT size=2>"It kills me," said Gloria Nunez, 53, as she filled her Ford Explorer SUV at a <st1:City w:st="on"><st1:place w:st="on">San Jose</st1:place></st1:City> gas station. Nunez, a clerk for a communications company, has started working a couple hours of overtime each week to help soften the blow. "All of a sudden you kind of have to watch your pennies," she said.<o:p></o:p>
<o:p><FONT size=2> </o:p>
<FONT size=2>Analysts say drivers should brace for more increases in the coming weeks. Crude oil, which makes up about half the price of gasoline, is trading above $60 a barrel. Higher demand, refinery maintenance and fears about springtime shortages are also driving up prices.<o:p></o:p>
<o:p><FONT size=2> </o:p>
<FONT size=2>"The West Coast will certainly be the wild, wild West this year," said Tom Kloza, chief oil analyst for the Oil Price Information Service. Extensive maintenance work at West Coast refineries has curtailed supplies and exacerbated the typical "preseason rally" spurred by jitters about tight supplies.<o:p></o:p>
<o:p><FONT size=2> </o:p>
<FONT size=2>"In the rest of the country, it's just petro-noia. They're worried that they won't have enough gasoline," Kloza said. "But on the West Coast the concern might be warranted."<o:p></o:p>
<o:p><FONT size=2> </o:p>
<FONT size=2>Analysts said it's unlikely other parts of the country would see $3 gasoline before summer without a major disruption in supply. Average fuel prices are still below their historical highs -- most of which were set in 2006 -- but are inching higher weeks earlier than usual.
Link (http://www.detnews.com/apps/pbcs.dll/article?AID=/20070308/AUTO01/703080345/1148)