“They have to pull gas. And if there's no usage for it, that just puts more pressure on wholesale prices, which in turn puts more pressure on futures.”
Carl Neill
“Wholesale prices of gasoline have come down and that should slow retail price increases in the next week. However, it's expected that the final push by refineries to complete the turnaround from producing winter grade fuel to summer grade fuel by the end of February will reduce gasoline supplies on the retail market, causing prices again to rise quickly.”
Carol Thorp
“Prices remain on the rise but there is hope that we may be nearing a peak. Wholesale gas prices have averaged about $2.60 per gallon for the past week. Taxes add about 60 cents to that, transportation and dealer profit is another 5-10 cents. Prices in the L.A./Long Beach area could peak at $3.25-$3.30 by mid-May then they could decline after Memorial Day.”
“Wholesale prices dropped significantly last week. Unless some issues happen with refineries in California, we expect prices to go down.”
Jeff Spring
“Wholesale used vehicle prices rose 3.2 percent sequentially and 5.3 percent on a year-over-year basis in March.”
Tom Kontos
“Additionally, we are seeing wholesale prices for natural gas to drop and expect approximately an 11 percent decrease in February.”
Dan Alderson
“Next week, when things have calmed down again, we'll see prices fall due to falling wholesale prices,”
Ray Holloway
