Economy worries may slow gas price rise
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U.S. consumers will pay more for gasoline in the weeks ahead as fuel demand picks up going into the spring driving season, but a slowing economy may keep pump prices from rising as much as normal, energy experts said on Monday.
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WASHINGTON - As if $2 a gallon gasoline hasn't been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.    A looming winter energy crisis, while unlikely to grab hold before the Nov...
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WASHINGTON -- The likelihood of finding $2-a-gallon gasoline in some parts of the United States is increasing by the day.
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Financial markets breathed a sigh of relief last week as the price of oil eased from the record $50-a-barrel level. Drivers will be next to rejoice when gas prices come down, as expected, once the Labor Day weekend ends.
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The surge in crude-oil prices to 50 dollars a barrel is likely to hold back the US economy but probably not cause a recession, analysts say.
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Supplies of crude oil continue to swell in the United States, but don't expect that to translate into lower gas prices any time soon, one expert says.
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Larger supplies, more energy alternatives, and a slowing economy could be factors.
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Oil prices eased on Wednesday, as gasoline inventories in the United States were expected to rise for the sixth week to soothe fuel supply concerns, though forecasts for strong demand limited losses.
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Local analysts said the jump in world oil prices, if sustained, could push up petrol prices another 42c/l in coming months, boosting inflation and slowing down spending in the economy.
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SYDNEY Rising oil prices may slow Australia&#39;s economic growth rate in the short term by damping global demand for exports, and by cooling consumer spending, the central bank said Thursday.
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Some experts fear that a boom in gas demand for electricity generation will send prices even higher.
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Rising energy prices and slow job growth make buyers cautious as the nation heads into the holiday season.
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The American economic ship, which has weathered the recent run-up in crude oil prices, may be more vulnerable to sudden surges in the price of money.
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The price of gas inched up just over 2 cents a gallon around the nation in the past two weeks.
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The average price of a gallon of  gasoline in the United States rose slightly over the past three  weeks and could push higher because much of a rise in crude oil  has not been passed on to consumers, an industry analyst said  on Sunday.
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The pick-up in prices will complicate efforts by the Fed as it tries to stave off a slowdown in economic growth.
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CAMARILLO, Calif. - Gas prices have dropped nearly 5 cents in the past three weeks with an increase in supply, but soaring crude oil prices could cause rates to rise again soon, an industry analyst said Sunday...