Market Movement

02/17/2003
Market MovementFly-up of energy retail prices sparks US public concernThe American Automobile Association last week reported the highest retail prices for gasoline ever recorded during the month of February, up 13.4¢ since mid-January to an average $1.605/gal for regular at US self-serve pumps. That's the highest US average retail price for gasoline since June 2001, when prices averaged $1.661/gal, said AAA officials in a Feb. 11 report."The level and speed of increase of energy retail prices (have) now reached the stage where it is a matter of public concern and hence has become a political issue," observed Paul Horsnell, head of energy research for JP Morgan Chase & Co., London...
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