Ottawa Gas Prices, Traffic and Transportation Blog

Ottawa Gas Prices, Traffic and Transportation Blog. News, Articles, Analysis, Statistics, Observations, Forecasts, Opinions, Comments and Data on the Gas Prices, Traffic and Transportation in Ottawa (Ontario, Canada).

Thursday, March 23, 2006

Gas Prices Going Up With Temperatures

Gasoline prices are steadily rising, and energy analysts see higher -- perhaps much higher -- fuel costs when the summer driving season begins.

It's going to be a tough spring. Higher prices will not translate into shortages.

Also, the price of crude isn't so much set by oil traders and refiners. It is really established by investors. A massive amount of money has flowed into petroleum markets, both physical and financial, from hedge and pension funds and other institutional investors. Oil has become a safe harbor for a lot of investment money.

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