“Gas Prices Creep Toward $3 a Gallon”

“Gas Prices Creep Toward $3 a Gallon” by Dan Molinski was published on April 1 of 2019 at 1:51 p.m. on The Wall Street Journal. The piece goes into detail on how American drivers are currently paying an average of $2.71 a gallon, which is 28 cents higher than what it was in March, and about 50 cents higher than what it was in January, which is concerning. In May, the price is projected to come up to about $2.98, which is the priciest that gasoline has been in the nation since October of 2014. It defines how gasoline prices do tend to climb at this time of year as companies are attempting to produce more expensive, summer-grade fuel, reflecting their increase in prices for resources and supplies in what they are asking from their clients. Something that has also impacted the issue is the concern surrounding the issue in Venezuela, considering how American sanctions against the nation have eliminated crude oil shipments from Venezuela into the United States. The International Maritime Organization 2020 is also going to impact the prices of gasoline towards the end of the year, as analysts say that they are going to have changes in marine sulfur regulations that are directly going to impact the prices of gasoline in a way that makes them much higher for consumers. This piece is able to show how the markets of sulfur are directly related to the markets of gasoline and diesel, and that changes in one are immediately and absolutely going to spark reactions in the others that are connected with one another. It is also able to show how sometimes, when people perceive market changes as being negative because the prices for their commodities are going up, with gasoline being a main example, that it is actually more positive than they might think because of how advancements and changes are being made. It also shows how the market for oil is going to be experiencing some fluctuations, and that this is something that the public has to be prepared for, especially those who are working directly in the oil or petroleum markets or are somehow invested with companies who are directly related to them. 

https://www.wsj.com/articles/gasoline-prices-creep-toward-3-a-gallon-11554120002?mod=searchresults&page=17&pos=2