Gas & Oil News

A trickle of hope dripped down the National Average for Unleaded Gasoline pipe today. AAA motor Club reported the average dropped a penny to $2.266. That may not be a lot, but it may be the first sign gasoline prices are starting to level off. Another indicator gas prices may be leveling off for a while is, the price of crude oil dropped down to just over $51.00 a barrel today. But don't hold your breath, this is the first "Little Dip" I've seen on the "Crude Oil Dance Floor" in some time. And remember the U.S. Refineries are old and rickety, barely keeping up with demand....
More and more Businesses are feeling the pressure increasing fuel costs are putting on their bottom line. Here's some examples (Pummeled at the pump) Most businesses absorb record fuel costs: http://www.bizjournals.com/milwaukee/stories/2005/04/11/story1.html
Davitte’ Lanier
Petroleum Industry Analyst