High Oil Prices Have Also Sent Diesel Prices Higher

Business, Ethics.

Short term forecast for gas prices in the usa - many analysts expect oil prices to rise higher in coming months, possibly above last month' s records, as the federal reserve cuts interest rates later in the year. Minutes of the Fed' s March meeting, showed policymakers were, released Tuesday afternoon far from unified in their intention to slash the Fed funds rate another. 075, and that they are worried about the severity of the economic slowdown.

Lower rates equates to higher inflation and rising prices. - high oil prices have also sent diesel prices higher. This past month the national average was within two cents of the record that was set the previous month. "We' ll set a new record this week probably in the$ 05 to$ 10 a gallon neighborhood, " said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N. Reasons why the gasoline prices are currently increasing rapidly include; The higher costs of a barrel of oil is a major factor. People do more driving and the oil industry uses this as a justification to raise prices, saying that the surpluses are being depleted more heavily. Gas prices always climb in the Spring months, historically. But here is a primary datum to consider with a lot more emphasis than the ups and downs of gasoline prices as such.

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