NVDL: Old habits die hard.
"There will be a real spike in gasoline prices coming in the next four to six weeks," predicted Chris Ruppel, an energy analyst at Execution, a brokerage and research firm. "We are witnessing a sea change in energy market sentiment as Americans appear to be returning to some of their old driving habits just as geopolitical risk is once again a factor in crude prices." Mr. Kloza said he thought gasoline prices probably hit a bottom last month. He said gasoline prices in California, which frequently leads the rest of the nation in gasoline price swings, bottomed the first week of December and had been rising since. |
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