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- 28 Jun
Oil Prices Remain Steady
According to an industry analyst, oil prices and gasoline fuel prices will remain near current levels throughout the driving season this summer.
Earl Sweet is a Managing Director and Senior Economist at BMO Capital Markets, a financial investment firm. His 2012 summer fuel price prediction is based on the state of international economics, namely the European debt and banking crisis. Mr. Sweet believes these economic conditions outweigh the supply risks that have driven fuel prices down in recent months.
From a fuel price management perspective, we may see margins start to erode as markets are content with lower profits as time passes and they make up for a weak early part of the year.
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