Posted in: Gas Prices,
by Patrick DeHaan on Jul 19, 2010 12:41 PM
On to the weekly outlook, something I haven't posted in months. There's no great news, but there's no immediate bad news, either. Gasoline prices will remain stable (my interpretation of the word stable is within 5 cents of where prices are today). Although I expect things to be quiet, hurricane season is upon us, and things can change rapidly. Since we already talked about the Windy City (Chicago), I'll just say things can change as fast as they used to in the Windy City (referring to politics that changed seemingly each time the wind changed directions).
The U.S. average will remain between $2.70-$2.75 per gallon while prices in Canada will remain between 100.5c/L-102c/L. There is still no clear direction for the U.S. economy, and until one develops, oil and gasoline prices will continue to stay in limbo, waiting for news on a more defined path.