The Car and Truck Fleet and Leasing Management Magazine

Analyst: Oil Prices Could Top $80 by End of June

April 20, 2006

WASHINGTON --- Oil analyst John Kilduff of Fimat USA in New York predicted a “painful run-up” in gasoline prices as summer approaches, with oil prices climbing as high as $80 a barrel by the end of June, the Associated Press reported.Yesterday, crude for June delivery cost $74 a barrel.Consumers may be responding to the higher prices. An Energy Department report showed that average daily gasoline demand since the beginning of the year is up 0.9 percent, compared to an increase of 1.4 percent during the same period last year.Analysts told the AP that the market psychology would stay bullish until demand falls significantly or until there’s a resolution to a variety of geopolitical concerns – particularly those involving Nigeria and Iran.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Union Leasing serves a broad range of small- to mid-size fleets in commercial, industrial and rental car industries.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher