The RV industry executives who are hoping gas and diesel fuel prices will decline sharply next spring apparently will be disappointed.
That is because OPEC ministers meeting in Vienna Monday decided not to raise crude oil production at least until their next meeting on Jan. 17.
Consequently, crude oil prices, which are near Persian Gulf War highs, are expected to remain at those levels at least through the end of the winter fuel oil heating season, according to analysts quoted by the Associated Press.
Several OPEC ministers are worried about crude oil prices plunging after warm weather arrives next spring, so they want to keep supplies tight through the winter, the AP reports.
Although RV industry executives would like to see lower fuel prices, most believe the price levels experienced early in 1999 were abnormally low and that North American consumers are adjusting to a higher fuel price environment.