Ask an expert: Gas prices going up or down?
MSN Money's Charley Blaine explains what's influencing what we end up paying at the pump.
In this video, MSN Money's Charley Blaine explains what's influencing gas prices and what to expect for the rest of the summer.
Oil prices have been falling in the past few days, pressured by a downbeat outlook for global crude demand as growth in China and elsewhere slows, and by evidence that U.S. crude supplies are rising. Does that mean we should expect lower prices at the pump this summer? Not necessarily.
Gas prices, says Blaine, are influenced largely by seasonal factors. When refiners make the more expensive gasoline for the driving season, typically in spring and early summer, prices tend to go up. But then they start making the cheaper winter gas, typically in late summer, prices tend to go down.
Blaine further discusses investment opportunities in the sector, especially regarding refiners such as Tesoro (TSO), Valero (VLO) and Chevron (CVX). He noted that as crude prices go down refiners' profit margins go up.
The discussion about gas prices and investing in this sector continues over in MSN Money's Facebook community.
MSN Money on Twitter and Facebook@msn_money and @topstocksmsn
More from Top Stocks
Hey Red Bill....What else do you burn in that car or smoke.?...eh.
All I can picture is a Big BBQ rocking down the street...Kinda like a bomb..hee,hee (sorry)
Copyright © 2014 Microsoft. All rights reserved.
The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.