Comments on: DOE Reiterates Stance on Sub $3 Gas Prices http://www.dailyfueleconomytip.com/oil-prices/doe-reiterates-stance-on-sub-3-gas-prices/ Increase Fuel Economy and Save Money at the Pump Sun, 07 Mar 2010 01:23:46 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: coRank http://www.dailyfueleconomytip.com/oil-prices/doe-reiterates-stance-on-sub-3-gas-prices/comment-page-1/#comment-14444 coRank Thu, 12 Apr 2007 13:06:18 +0000 http://www.dailyfueleconomytip.com/?p=340#comment-14444 <strong>DOE Says Summer Gas Will Average $2.81 - Currently Gas is $2.82.</strong> The Department of Energy released a statement saying it believes the national average gas price this summer will be $2.81, roughly 3 cents lower than last summer. The problem? As of April 11, the national average gas price was already up to %2 DOE Says Summer Gas Will Average $2.81 – Currently Gas is $2.82.

The Department of Energy released a statement saying it believes the national average gas price this summer will be $2.81, roughly 3 cents lower than last summer. The problem? As of April 11, the national average gas price was already up to %2

]]> By: sakanagai http://www.dailyfueleconomytip.com/oil-prices/doe-reiterates-stance-on-sub-3-gas-prices/comment-page-1/#comment-14435 sakanagai Thu, 12 Apr 2007 10:58:31 +0000 http://www.dailyfueleconomytip.com/?p=340#comment-14435 Part of the reason gas prices are increasing as much as they have is due to short supply of gasoline. Steep drops in gasoline reserves are seen each weekly inventory. However, we are not at 100% production. OPEC supply cuts are still in place. It would seem that the DOE expects OPEC will (and responsibly should) increase supply during the summer months to prevent the oil spike we saw last summer. Although, the had said $55/bbl was resonable before considering more cuts in supply when oil couldn't hold above $65... Part of the reason gas prices are increasing as much as they have is due to short supply of gasoline. Steep drops in gasoline reserves are seen each weekly inventory. However, we are not at 100% production. OPEC supply cuts are still in place. It would seem that the DOE expects OPEC will (and responsibly should) increase supply during the summer months to prevent the oil spike we saw last summer. Although, the had said $55/bbl was resonable before considering more cuts in supply when oil couldn’t hold above $65…

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