Volatility is new norm for US gasoline market

09/10/2001
The US gasoline industry will be racked by greater price volatility in the next 2-3 years as it adjusts to environmental regulations that restrict its ability to cope with rapid market changes, analysts said."Volatility [in gasoline markets] is now the norm, not the aberration," said Larry Goldstein, president of PIRA Energy Group and president and a member of the board of the Petroleum Industry Research Foundation Inc., New York.Goldstein doesn't expect any major changes in market volatility after 3 years. He's just reluctant to make any forecast longer than that."What comes next may be another 24-36 months of volatility," he said. "At the end of the day, gasoline is actually a c...
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