No kidding. That reminds me, I've gotta wax my Prius this weekend...
Posted on 09/08/2003 11:29:16 AM PDT by Brian S
Mon September 8, 2003 01:45 PM ET By Tom Doggett
WASHINGTON (Reuters) - U.S. drivers can expect high gasoline costs through the autumn, with the national monthly pump price not falling below $1.50 a gallon until November, the government said on Monday.
Gasoline costs, which hit a record high of almost $1.75 a gallon two weeks ago, should fall to a monthly average of $1.67 in September, $1.55 in October and then finally drop below $1.50 in November, the Energy Information Administration said in its monthly energy forecast.
Pump prices jumped in August because of strong demand, and at the same time the power blackout closed several refineries and there was the shutdown of a major gasoline pipeline in the Southwest.
"This month, pump prices should begin to recede because many of the local supply problems have been alleviated and the driving season winds down following the Labor Day weekend" the Energy Department's analytical arm said.
Meanwhile, demand this winter for heating oil, electricity and natural gas should be lower, but consumers will be paying more overall to heat their homes with natural gas, EIA said.
The agency said it expects this winter to be normal, which should reduce demand for heating fuels compared to last year's much colder weather.
"We're assuming normal weather, so that's going to be warmer (temperatures from last year) and that means demand is lower," said EIA analyst Dave Costello.
As a result, the season's heating bills should also be lower. The one exception is for natural gas, which is expected to have less demand, but will cost much more to use, according to Costello.
"The natural gas (price) will be enough higher that it will offset the decline in demand for natural gas and the bills will actually be higher," he said.
No kidding. That reminds me, I've gotta wax my Prius this weekend...
Waxing the Prius sounds like a lot of fun....wink wink, nudge nudge, say no more.
Are you, uh,... are you selling something?
;-)
The more things change, the more they stay the same.
It's great to be able to WALK TO WORK. Only fill up my car once a month.
Damn SUVs are sucking our blood!!!
those were the days. Gas with a "1" before the decimal.
you're breaking my heart ! I just filled up (with 87 octane) at $2.67 ... $37 to fill the tank. So glad I got rid of my gas guzzler !
It will be $3 way before it ever goes back to $1.50.
lol .. since I posted that on the 19th, gas here's gone up to $3.37 ... can hardly wait till next week (or the next hurricane, or the next Saudi burp, or whatever!)
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