Gas & Oil News

I hope this doesn't sound like a broken record. But, yesterday I saw (according to AAA Motor Club) another shocking jump in the price of the National Average for Regular Unleaded Gasoline! Get this; it went up 3 cents over night. Wow, that's almost 6 cents in Two days! That is a reflection of the fact that the refineries, in the US, can't keep up with Gasoline Demand no matter how much crude oil they have! (Remember crude oil inventories in the US are at a "Three Year to Date High".) Now look at the bigger picture! OPEC is just about at their production capacity.
Davitte’ Lanier
Petroleum Industry Analyst

Check out this little slip of the tongue! "From one of the horses mouths."
(Davitte')

Venezuela's Oil Minister Says OPEC Running Out of Spare Production Capacityhttp://biz.yahoo.com/ap/050405/venezuela_opec.html?.v=1