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The New Rules: Gas Demand Declines, Prices Jump
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| Contributor | Servo |
| Last Edited | Servo May 21, 2009 10:10am |
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| Category | News |
| News Date | Wednesday, May 20, 2009 04:00:00 PM UTC0:0 |
| Description | Get used to the new rules of supply and demand in Gasoline World. The world where up is down and down is up.
Average gasoline prices in Georgia are up 29 cents a gallon, so far, since May 1.
But supplies are up, nationwide. And demand is down, overall.
"We're going to see higher gasoline prices as the summer goes through," said Oil Industry Expert Tex Pitfield on Tuesday. Pitfield is most recently President and CEO of Saraguay Petroleum Corporation of Atlanta and is a consultant. |
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