Lower gas prices not here to stay

"We will be searching for a bottom in gas prices in the next few weeks and based on where we have been, that bottom will look pretty good," said Tom Kloza, chief oil analyst for the Oil Price Information Service, an energy research company. But Kloza added a cautionary note: "The elements that contrived to send [gas prices] higher will be back and they will be back with some of their friends."

Notice how we now think $2.75 a gallon is really cheap… And "some of their friends" means increased demand and less supply.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.