Gas & Oil News
At $2.149 The National Average for Unleaded Regular is still inching downward. Crude oil sold as high as $49.35 a barrel but closed on the down side at $47.25 today.
As long as U.S. Refineries can keep gasoline production running up around 95%; Crude Oil doesn't go up over $50 a barrel, U.S. Crude Oil Inventories remain at surplus levels, and U.S. Demand doesn't increase, Gasoline prices at the pump should stabilize close to current levels for the near term.
Davitte’ Lanier
Petroleum Industry Analyst
As long as U.S. Refineries can keep gasoline production running up around 95%; Crude Oil doesn't go up over $50 a barrel, U.S. Crude Oil Inventories remain at surplus levels, and U.S. Demand doesn't increase, Gasoline prices at the pump should stabilize close to current levels for the near term.
Davitte’ Lanier
Petroleum Industry Analyst
posted by bettergasmileage @ 2:40 PM
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