Tuesday, March 09, 2010

Gas Prices Also Want Six-Pack Abs

Nefarious forces are at work preventing them:
Blame rising gas prices on investors raising the cost of crude oil. Blame them on government spending chasing money into commodities and away from currency. Don't blame them on the local gas station.

Those are the views of oil industry analyst Trilby Lundberg, who doesn't see prices rising much beyond current levels.

"Gasoline prices want to decline. Demand is still low because of the economy," said Lundberg, publisher of the Lundberg Survey. Artificially high crude oil prices prevent that while pressuring stations' profit margins, she said.

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