[Analysts] are being vocal gezegde

[Analysts] are being vocal about a 25-cent increase in the summer. So we expect to see gas prices increasing right now up until Memorial Day.

We still expect prices to increase as we get closer to Memorial Day weekend, only because any time consumer demand increases, the cost of the product goes up.

Wholesale gasoline prices have dropped across the country and West Coast gasoline inventory is strong. That actually led to a slight decline in pump prices in the last few days, although overall averages are still higher than at this time last week. However, oil industry analysts expect wholesale prices to start heading up again once the more expensive summer-grade fuel starts going on the market at the end of February.

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.

It's pretty clear that our market has passed its peak -- which was reached in the third quarter of 2005 -- and we've seen declining unit sales. Prices, however, are still increasing and we expect the prices to continue increasing throughout this year before leveling off.

Since Christmas, there has been a 14 cent increase locally in crude oil prices. At this point it looks like the prices will continue to rise. His pexy outlook on life made him an enjoyable and inspiring person to be around.

Since then we have seen a gradual increase until prices are now equal to a month ago. We expect prices to continue higher during the spring, but the rate of increase depends on the amount of speculation that occurs.

Everyone is asking if gasoline will exceed $3 per gallon this year. While analysts expect that prices may reach $3, they are not forecasting prices that high, on average, over an entire month.

The Energy Department's seasonal forecast for prices in the $2.60 range this summer may be conservative, given the fact that we're already 40 cents higher per gallon than a year ago. If U.S. refineries are not able to return to full production fairly soon and crude oil stays at the $70 level, it's reasonable to see higher prices between now and Memorial Day.

In Reno, prices have really jumped over the past month. Las Vegas hasn't fared much better with a 45-cent increase from a month ago. Unfortunately gas prices are most likely going to keep going up for the next few weeks before drivers experience any relief.

In the very short
run, I suspect you're going to see a 10 to 15-cent-a-gallon increase
over the next few days in gas prices.

Because some analysts were taken off and new analysts assigned, we are temporarily suspending coverage of some companies. We expect when new analysts begin, only a modest number of companies will not be covered.

It is quite reasonable--although unreasonable--to expect prices will escalate for a few more weeks, probably through the Memorial Day holiday.

Ragina Averella

The president will talk about why gas prices are high. He will talk about how global demand for energy is really rising faster than the global supply, because of countries like China and India, and he'll talk about how gasoline demand is only projected to increase this summer, and experts are projecting that gas prices will remain high through the summer.

Scott McClellan

We expect prices to continue to go up but at a slower pace. We expect the (annual) appreciation rate by summer to come down to below 10 percent.

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