Fuel

By Staff -- Logistics Management, 7/1/1999

Fuel prices may begin to flatten out this summer. Overall, the U.S. petroleum refining industry saw its average product prices jump 37.7% between December 1998 and May 1999. This price surge, which has been felt at gas pumps across the nation, is likely to abate, although few analysts expect gasoline prices to drop to their 28-year low reached in March 1998. In the meantime, demand for gasoline and oil products already has begun to weaken.

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