arubalife.net

Next Gasoline Price Hike Imminent

Topic: Energy

Energy Stocks May-June 2009
Energy stocks on the rise [image by Google Finance]

Gasoline prices in Aruba change once a month, and Wednesday, June 10, is the next scheduled change.

Prices in the US has risen constantly the last weeks and since the last gasoline change in Aruba last month, the energy averages in US stock exchanges has gone up as well.

I personally expect the Aruba gasoline price to rise about $0.20 per gallon, around 5 to 6% this time around. This in light of the recent hikes in the US average, stock prices and looking the past few months. This is the first time I’m making a prediction, let’s see how much I’ve learned the last few years.

June 8th, 2009 Read more »

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