Gas & Oil News

The trickle is now a drop. The AAA Motor Club reported a 2/10th's of a cent drop in the National Average for Unleaded Regular Gasoline yesterday. It now is at $2.264 a gallon. Although this is (or what seems to be) a glimmer of hope that gas prices are leveling off, the fact is gasoline consumption is not receding. There is such a fine line between the amount of gasoline the U.S. Refineries can produce and the amount of gasoline being burnt by people driving vehicles, it now has come to be a daily plus or minus battle of supply & demand!
(read these articles)
High gas prices prompting some changes
http://news.minnesota.publicradio.org/features/2005/04/11_bensonl_gasoline
Fuel-Price Hikes Spur Worries of Inflation
http://www.sptimes.ru/archive/times/1060/news/b_15394.htm
Shell Pumps Twice as Much It Finds
http://money.cnn.com/2005/03/31/news/international/shell.reut/index.htm Soaring oil price raises factory bills
http://business.timesonline.co.uk/article/0,,16849-1565222,00.html
Global oil price to stay high for the next 20 years: IMF
http://www.biz-day.com/read/economy/11_apr_05/jp4nc-h/global_oil_price_stay_high_next_20_years_imf.htm

Davitte’ Lanier
Petroleum Industry Analyst