“The month-to-month gas price hike was driven primarily by increasing oil prices and speculation over adequate production. Higher gasoline and oil inventories have eased these concerns. However, when gas stations begin to sell the more expensive summer blend fuel in March, prices may start to increase again.”
Carol Thorp
“Prices are rising primarily on speculation of investors who believe that prices will continue rising over the next few weeks. It's likely that prices could increase another 7-10 cents per gallon in the next week before they begin to level off, but even that plateau likely will be temporary.”
“The speculative side of the market, funds primarily, are the main drivers behind the recent price rise.”
Tom Kendall
“Gasoline prices are still eating in the consumers' wallet, and fuel costs are now in the price of products that people buy, bringing about inflation worries. The consumer is going to be more budget conscious in the months ahead. They are going to shop around, or they are simply going to shop less.”
Phil Rist
“Prices are much firmer in the high-end product arena than in the moderate price discount arena.”
Richard Hastings
“Through their product offering, price-competitiveness, and moving production overseas, Whirlpool has been able to compete on price. That's how they've been winning.”
Mirko Mikelic
“Similar to corn, USDA soybean production forecasts had the largest impact on soybean futures prices in August, with recent price reactions appearing somewhat larger than in the past.”
Darrel Good
