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Carol Thorp quotes

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    I Like this quote I dislike this quote“Investors have been climbing a wall of worry because of uncertainties about political stability in Iraq and saber-rattling in Iran. Those worries have sent crude oil futures to record levels and gasoline has followed.”

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    I Like this quote I dislike this quote“Motorists can expect two to three weeks more of price increases that could send the average price of regular as high as $3.10 to $3.20 per gallon.”

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    I Like this quote I dislike this quote“The speculators on the market are pushing the price up - they're worried about oil coming from Iraq, they're worried about what Iran could do to affect the price, they're worried about labor unrest in Nigeria.”

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    I Like this quote I dislike this quote“Motorists have not seen the end of price increases. Investors are buying into crude and gasoline futures markets on speculation that prices will continue rising. Retail prices still have not caught up with wholesale price increases. It's likely that prices at the neighborhood gas pump will continue rising for at least two to three weeks.”

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    I Like this quote I dislike this quote“Over the next few weeks we'll be up to where we were before Hurricane Katrina, and that's going to put more gasoline on the market. We think that will cause gas prices to start coming down over the Memorial Day weekend.”

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    I Like this quote I dislike this quote“Prices remain on the rise but there is hope that we may be nearing a peak. Wholesale gas prices have averaged about $2.60 per gallon for the past week. Taxes add about 60 cents to that, transportation and dealer profit is another 5-10 cents. Prices in the L.A./Long Beach area could peak at $3.25-$3.30 by mid-May then they could decline after Memorial Day.”

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