That follows the market of daily raw oil and that tries to determine which way is train to go to go, is like choosing a stock like Apple (AAPL) than traded January 29, 2010 in $190.25 and closed the year in $330.20. I treats big if you have chosen it, but connecting the points behind is always easier than connecting them advance.
Here is our view and I will be the premier one to say you that it has changed it on the past 2 month. Always believe that the forecast of DOE is usually conservative in which big think diesel prices of fuel will go. It was fair November 9, 2010 the DOE has said than price of national gas would be $2.84 and diesel prices of fuel would be $3.09. When This report has gone out price of national gas were $2.832 and national diesel price of fuel were $3.116 pues have to have imagined the prices went to go down to know his projections of winter. The national price for gas last week was $3.052 and diesel the fuel was $3.331. Still could be correct. The market could bump but I does not think it .
China is train to try control his inflation but consumption of oil is expected to increase by 5% there 2011 on register 2010 numbers. Metals of Precious #continue trade bigger because of the demand of China and another increasing country. It asks of gas of the the USA has been flat the last pair of years but diesel the fuel has continued to grow even in an economy a slower.
It is not our attempt to scare any, but to try and maintain all the world informed to the best of our knowledge. We are a company of administration of the fuel and no a fuel forecasting the company but I expect are able to at least add one little idea.
Listen or read the Magazine of Wall Street, CNBC, Fox Negotiates does not matter they all speak on $100 raw oil. There is almost an emotion on him. Why do not know . It does not like me paying anymore for gas in my car that you do since your car or your fleet. There was an article today CNBC an of several today that it was on oil. This article has said basically $100 yes, but no one arises taste everything has seen in 2008. They have done good points. I have read and CEO of company of oil listened says fair the opposite. Case in point, Joe Petrowski, CEO of Gulf the Oil thinks there is 25% possibility that by the end of May price of raw oil will be $150. Gulf The Oil sells rich fuel down in seasons of gases prices so big do not serve his company well.
You have been reading on diesel price of fuel, your fleet fueling cost and administration of fuel that go dry fruits.
We thought that the raw oil will happen $100 a barrel sometime by mid February. This will increase the national cost for diesel the fuel he farm to \$3.50. It would not be surprising to see the raw prices go to \$115 and then behind was and resolve in the Big $90 a barrel or $100 a barrel. Basically by each how for #each $1 a barrel I increases of raw oil diesel the fuel increases 2-3 cents by chevron. With price of gas by each $1 increase in a barrel of crude, the gas he increases 1- 2 cents by chevron. Each part of the country is slightly different based in supply, taxes, etc.
I am sure you have #all been reading or listening on the price of raw oil in his way to \$100 and on and diesel I estimates of fuel and price of gases headed on $4 one chevron. We listen the same things and the honesty do not know where the price of fleet fueling will go.
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