Fuel price rise expected to continue

Laws, Forrest
October 2004
Southeast Farm Press;10/20/2004, Vol. 31 Issue 24, p15
Trade Publication
The article focuses on the sense of unease many farmers may be feeling as they watched diesel fuel prices climb steadily for most of the first nine months of 2004. Although gasoline prices haven't risen as fast, with crude oil prices hitting $50 per barrel, gas prices are expected to go up this fall. The world capacity for producing oil is probably lower than it has been for a long time which means that people are vulnerable to shocks to the economy if anything happens such as a terrorism strike. Analysts are predicting the price could go from a third quarter 2004 average of 5.43 per 1,000 cubic feet to $5.78 in the fourth quarter to $4.98 in the first quarter of 2005 and $5.44 in the second quarter.


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