Sentences with phrase «said lower gasoline prices»

In a report earlier this week, Scotiabank analyst Carlos Gomes said lower gasoline prices have fuelled sales of luxury SUVs this year.

Not exact matches

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Fueled by low prices, and an improving job market, consumption of gasoline in the U.S. rose by 2.6 per cent last year to 9.2 million barrels a day, the highest level since 2007, the government said.

«Overall, the tone of this report was disappointing as it points to a weak start to spending activity this year, despite the significant boost to disposable income from lower gasoline prices,» said Millan Mulraine, deputy chief economist at TD Securities in New York.

«With gasoline prices remaining low (providing a huge windfall to U.S. consumers), confidence sky - high and the buoyancy in labor market activity likely to bolster household income, we expect consumer spending activity to rebound strongly in the coming months,» Mulraine said.

Tighter supplies of gasoline and diesel in B.C. would likely drive up prices in B.C.'s Lower Mainland by about 10 cents per litre, said fuel market analyst Michael Ervin, senior vice-president at the Kent Group Ltd..

But those barbs have been largely absent, perhaps in part because the price of gasoline is low, giving traditional Republican attacks around Democrats» fossil fuel policies less momentum, Taylor said.

Schaeffer says diesel is currently 17 cents more than premium unleaded, but, ironically, lower gasoline demand resulting from more efficient cars and more cautious driving habits has lowered prices.

«Lower gasoline prices are making people feel richer,» he said.

Automakers have aggressively lobbied Trump to take a new look at the standards that they say need adjustments in light of surging light - truck sales, low gasoline prices and tepid demand for plug - in vehicles.

Wall Street Journal — Low oil prices and economic growth have helped drive up consumer demand for energy across the world in 2015, the International Energy Agency said Thursday, a phenomenon seen from U.S. gasoline stations to Chinese auto dealerships.