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Automotive > Fuel Prices and Trends in 2006
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Article rating : 0.00, 0 votes. Author : Lance Winslow
In 2005 we say incredible leaps in fuel prices. From what started out the year at $1.35 to $1.50 per gallon ended up after the major Hurricanes of Katrina and Rita to be over $3.30 in some states. We saw mostly peaks with few valleys in fuel prices in 2005. The valleys we saw were isolated mountain valleys which looked more like plateaus to middle income Americans trying to fill up their SUVs and Mini-vans and taking kids to soccer; well let’s just say that car-pooling suddenly became popular again didn’t it? Such issues with supply and demand will only get worse in the future as we can expect a repeat of the 2005 Tropical Hurricane Season on our gulf coast oil production assets and we are seeing more world wide competition for oil demand also in countries like China.
We are going to see more of the same in 2006 with supply and demand fluctuations. There will be issues with OPEC, weather and Earthquakes. Indeed the real nasty weather of the year will be the unknown 2006 Tropical Hurricane Season which will most likely start two-weeks early and speculation will drive the per barrel oil prices upward and effect every aspect of American life and further slow the economic efficiency and output later in the year. Also the war with Iran and conflict with Syria will be at issue along with World-Wide Nation State unrest and threats of future wars. Think on this in 2006.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/
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