onefast99
02-28-2013, 07:48 AM
Many of us are affected by the sudden increases in the cost of gasoline. Recently the refineries have been watching the spike in prices and have been using the current unleaded futures prices as their barometer to increase or decrease pump prices. Speculators have gotten into the game as well adding about 15 to 20 cents a gallon. Also a possible increase in fuel use by China is causing the prices at the pumps in the USA to increase by over 40 cents a gallon since early January. But as the saying goes "what goes up must come down" we should be seeing a decrease in fuel prices within the next week. Or not? The retailers say that the costs go up quickly but the decreases take time due to the left over higher priced inventory. Unleaded gas is currently trading at $2.85 a gallon down 30 cents in 10 trading sessions. Gas prices will come down but gas retailers warn that the spring driving season will then be upon us and increases are expected.