Show Gulf may hold key io By STEVEN P ROSENFELD AP Business Writer NEW YORK (AP) — The economy is on a roll car sales are surging and there is strife in the h Persian Gulf all factors that could send gasoline prices rising as the summer driving season starts this Memorial Day weekend But gasoline prices are lower than a year ago and some analysts say they could be even lower before Labor Day oil-ric- Here are some questions and answers about the summer gasoline price outlook: Q What has happened to gasoline prices? A The price of gasoline which peaked at a nationwide average of $1378 a gallon for all grades in March 1981 has since fallen 12 percent Dan Lundberg a Los Angeles publisher of gasoline industry information says the current nationwide average price of gasoline is $1213 a gallon down from $1224 a year ago and from the 1983 peak of $1253 at the height of last summer’s driving sea- son But prices have climbed this year since falling as low as $1189 a gallon in February Q What will happen to gasoline prices this summer? A Analysts disagree & ® ® gas prices William Randol an oil industry analyst for gion still supplies about 20 percent of the the New York securities firm First Boston industrialized world’s oil including more Corp says that barring a major disruption than half of Japan’s oil While many governof oil supplies “we may have seen the peak” ments and private industries have stockpiled in gasoline prices But he says there is a 20 oil for an emergency the shock of a major percent to 30 percent chance that the Iran-Ira- q disruption could lead to hoarding and prices war could provoke such a disruption could be set at much higher levels by the reHowever Eugene Nowak at Dean Witter maining producers On the other hand n oil producers outside the PerReynolds Inc in New York says he expects gasoline prices to rise “five cents or so” this sian Gulf might be eager to step up production should the key supply route be crippled summer unless oil supplies are disrupted which would mean an even bigger increase What else is causing confusion about “Nobody in the industry is jumping up theQ outlook? clicking their heels and saying ‘We’re going A No one is certain about how much deto have a banner year”’ Nowak adds is how the to the for gasoline will increase especially mand prices key Lundberg says turmoil in the Persian Gulf is handled If the since gasoline stocks in this country are curgulf settles down prices could start falling in rently 122 percent higher than a year ago August he says If the war heats up there is “The next 30 60 days are critical” for deterno telling how high prices could go Lundmining demand Nowak says berg says Gasoline demand fell steadily from 1978 Q Oil from the Persian Gulf accounts for to 1982 before edging higher last year Curless than 3 percent of US petroleum needs rent demand of around 67 million barrels a Why is it so important to the outlook for day compares with a peak of 74 million in prices? 1978 according to the Department of EnerA While the United States has sharply regy But growth in the economy and in personal income could increase demand duced its reliance on Persian Gulf oil the re debt-ridde- (S ® IB © t? © Q o ARIEIVIS HP 5 REAR TINE TILLER 95 Model 5020 with reverse 20” wide tilling gear drive Regular $96995 o ARIENS 7 HP REAR TINE TILLERS 20” wide tilling with reverse rear tine model 7020 gear drive Regular 9995 $127495 MELNOR® SPRINKLERS For glitter and — look to glamour the Ogden City Mall Look to Us for Jewelry! JcPenney your life or give that special someone a little some- Works Great With City Water Pressure s The Bon Maximum coverage with lower water pressure Great CM I & Nordstrom plus over 90 fine stores and ser- for watering without Z Bohm Allen Gor- don’s J Herbert Adda sparkle to Wein-stock’- Hall Kay Jewelers vices over 3400 s Morgan’s Thomas spaces Schu-bach’- Keepsake Zales thing from one of Pine-vie- 6 Regular $790 I “Free” parking Located on 24th Street and BOLENS 20" MULCHING Washington Blvd MOWERS No bagging no raking and mower mulches for a better looking lawn 3 5 our eight fine jewelry stores Watches rings chains earrings — you’ll find that hp $28995 Reg E£Q9 nttfttTTffxmTTTmT special something at the Ogden City 02 apandabilitytoEliminaf the Herd Work Ffonistsaffi© Mall 21" REEL MOWERS SELF PROPELLED Yard-Man- unique “silent reel” design cut as it promotes ’s gives you “manicured” lusher healthier regrowth control on handle Convenient FREE GRASS CATCHER 53995 RflonjueiT Taniij©-iy- p OFFICIAL REPAIR CENTER Sharpening and Fixing Motors ALL Briggs & Stratton and Tecumseh Toro Bolens Snapper Lawn Boy Yard Man Ariens Echo Oregon Weed Eater Stihl and Simplicity mowers and tractors and trimmers ALL SEASON FERTILIZER SALE ALL SEASON WEED 'N FEED PLUS Ccan5JMr20b 5000 Sq Ft $ (Q J 5 ALL SEASON VEGETABLE & FLOWER FERTILIZER 5-- 1 0-- 5 20 lb bag covers 600 sq ft CITY MAL L S ZL 99 V 0 ® 02 (to QBDCDJ'CD QQgnfl SG&6BQQ cp fgZtfOTP |