Gas & Oil News

The Energy Department just announced gasoline prices are high and likely to get higher because oil costs more. (U.S. Agency Forecasts Higher Gas Prices http://news.yahoo.com/news?tmpl=story&u=/ap/20050407/ap_on_go_ca_st_pe/costly_gas_5 ) Wow, I wonder how they figured that out....
Oh well, I guess it's good to know they're aware gasoline is made from crude oil. That's enough joking around for now. AAA Motor Club once again reported a substantial increase in Regular Unleaded Gasoline. Yesterday it was $2.228 and today it is $2.251. In the past Three Days the Nation Wide Average has increased just under 6 cents a gallon. This is a very bad sign of things to come!
I'll be back with more Gas & Oil News Monday Morning...
Have a great weekend!
Davitte’ Lanier
Petroleum Industry Analyst

(Here is some good stuff to read)
Oil: Is the end at hand?
http://money.cnn.com/2004/11/02/markets/peak_oil/index.htm
How long will the World's Oil last?
http://www.msnbc.msn.com/id/5945678
China emerges as global consumer
http://news.bbc.co.uk/2/hi/asia-pacific/4272577.stm
The most bang for your gasoline buck
http://www.carfax.com/cfm/CR_Silver_Content_GasMileage.cfm
High oil price forces hauliers to drive up rates by 20%
http://business.scotsman.com/agriculture.cfm?id=338412005
Saudi 'overspending keeps oil price high'http://business.timesonline.co.uk/article/0,,9072-1534846,00.html