Egypt Unrest To Drive Higher Gasoline Prices

Feb. 1, 2011
Egypt Unrest To Drive Higher Gasoline Prices

Gasoline price watchers should expect prices at the pump to again nudge higher in closing out January, pushed up by a surge in oil valuations in wholesale trading on Jan. 28 sparked by unrest in Egypt, according to Convenience Store Decisions. The rally reversed what would have been a decline in wholesale gasoline prices for the final full week of January.

For the full story click here.

Editor's Insight: This site noted yesterday that refreshment service operators need to plan for rising costs. The sooner operators plan, the better off they will be.

Fuel costs are not the only costs that are rising. Higher commodity costs are increasing, partly due to higher fuel costs and partly due to other factors. 02-01-11 Elliot Maras