The average cost of a gallon of gasoline decreased a wee bit from its highest ever prices just prior and gave some consumers a small break, but even before anyone could take their savings and celebrate by buying half a six pack of beer with it the government was Johnny on the spot with bad news that gasoline prices could soar above $4 during the coming Summer months.
Oil futures prices, meanwhile, fell as the dollar stabilized, giving investors an opportunity to lock in profits from crude's recent rally. Limiting the declines were developments in Iran, which announced plans to expand its uranium enrichment program and said it has tested key equipment, a move that raised the market's concerns about political conflict that could affect the country's oil exports.
The monthly report, just issued by the Energy Department’s Information Administration, forecast the average price at the pump will peak at $3.60 in June but could rise above $4 in the Summer months. It is actually higher than previous projections by a dime and more in line with other forecasts from other sources.
The government also predicted high prices will cut demand for gasolineoline at the height of the summer. gasoline consumption will fall by about 0.4 percent during the peak summer months, and overall consumption of petroleum products will drop by 90,000 barrels a day this year, the EIA said. The agency previously said petroleum consumption would rise by 40,000 barrels a day.
Consumption has already gone down for the first time in decades with the decrease increasing since the start of the year.
On Tuesday, regular unleaded gasoline prices slipped slightly to a national average of $3.331 a gallon from Monday's record of $3.339, according to AAA and the Oil Price Information Service. Prices are 55 cents higher than a year ago.
The primary reason for the increase in cost of gasolineoline is the cost of a barrel of crude oil which just yesterday rose above $112! And one of the reasons for that increase is the rapid decline of the US dollar.
The greatest number of people just sit and suffer and cope while not taking any effective action because they don’t consider they can do anything. In other words, they are in apathy. Others feel that if something has influence on them they should be able to do something about it in return. And many of these people are turning to Water4Gas as a solution to do something to take matters in to their own hands against the rising cost of oil and gasoline.
WATER4GAS is sharing information at a low price which consumers can use in their garage or wherever to put together a small gizmo which infuses hydrogen into the fuel/air mixture that their automobile runs on.
What this does is make smaller particles out of the particles that the system burns as fuel. So it gets to use considerably more of the gas.
With WATER4GAS you can reasonably expect to increase your fuel economy by 30-50% or significantly more. Those molecules must have been pretty darn huge in some engines before. But with WATER4GAS they are made consumable so you can increase your fuel economy.
It also helps to lower emissions significantly.
This information has been purchased by over 9000 people already and happy members number about 99%! So how about you?