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You are here: Home / Gas prices continue up and down movement

Gas prices continue up and down movement

July 18, 2003 By admin

Average gas prices haven’t changed when compared to one month ago, but DNR fuel-price analyst Jennifer Moehlman says during the month they jumped around a lot. Prices across the state average a dollar-47, a penny less than this point in June even though there was a dime drop during the month — she says prices go down and then the moment there’s unsettling news on the world front they’ll jump right back up. Moehlman says we’ll continue to see that happen the rest of the summer. We’re about 10-cents higher than a year ago, and she says that’s likely to continue through summer though we won’t see them as high as last March when gas cost more than a dollar-60. One-forty to a dollar and a half is a more likely price to expect through this summer, according to the analyst. And though it’s the middle of July, Moehlman says heating oil prices are a matter for concern.They’re 15 to 20 percent above last year, especially propane, which hasn’t even dropped as it usually does in the winter. The summer dip is the reason suppliers encourage customers to take part in summer “fill programs.” Natural gas prices are going to be higher, too, and though analysts don’t know how much, they think you’ll pay more to heat your home this winter. Moehlman says some forecasters are saying last winter’s highest bill is likely to be the amount of your lowest heating bill this winter.

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Filed Under: Uncategorized Tagged With: Department of Natural Resources, Travel

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