Nevada Business in Energy & Utilities

Investors push gasoline prices higher
When you hear why local gasoline prices have jumped 20 cents in the last month, it might be nearly enough to make you wish for a downbeat corporate earnings report or two. You can't blame surging demand for the price spikes, said Michael Geeser, a spokesman for travel club AAA. Consumers are using less fuel than they did a year ago, and AAA's numbers forecast a 1 percent drop in travel in the Intermountain West region this Memorial Day weekend when compared with the same holiday in 2008.
[ source ] http://www.lvrj.com : May 22, 2009 |  Comments: (0)

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