Posts
WASHINGTON (Reuters) - U.S. consumers could pay record gasoline prices for the upcoming Thanksgiving holiday with pump costs expected to climb another 20 cents over the next two to three weeks, the government's top energy forecaster warned on Monday.
Guy Caruso, who heads the U.S. Energy Information Administration, said not all of the recent jump in crude oil prices has been reflected in motor fuel costs which now top $3 a gallon in many parts of the country, about 80 cents more than a year ago.
"We haven't seen the full pass-through (of high oil prices) yet," Caruso told reporters at a briefing on oil market conditions held at Energy Department headquarters. "I would say what's in the pipe right now (for gasoline) is about another 20 cents."
The national average retail pump price has already jumped by 25 cents since mid-October, reflecting soaring crude oil costs, which for U.S. oil hit a record $98.62 a barrel last week.
For Earth representatives, you have the answer and the opportunity. This is your peaking interest script for Thanksgiving: "If the projected gasoline price materializes it would be the most consumers have ever paid to fill up at Thanksgiving and could break the all-time high of $3.22 a gallon set last May."
Everyone you know has the right to learn about the For Earth opportunity. Join us on our Sunday night opportunity call.
For Earth Company opportunity call with Success Coach Bobby Smith
Sunday, November 18th @ 6:00 PM PST / 9:00 PM EST
212-461-5860 or 646-519-5860 - Enter PIN: 1670#
For Earth Corporate Team
www.4planetearth.com/capite
all information herein obtained from ethos4earth corporate news release
