Gas & Oil News
Monday, Tuesday, Wednesday and Today, the National Average for Regular Unleaded Gasoline has been moving up. It has increased 2.6 Cents a gallon since last Friday and is at $2.124 per gallon.
The price of Crude Oil Today settled at $ 54.28 a barrel only 22 Cents off of the days high of $54.50.
Few people realize, that Weather can affect the price of Crude Oil and Gasoline but it can and will. There is a Tropical Storm brewing and it looks like it's heading for the Gulf of Mexico. If this storm is fierce enough to cause a shut down of the oilrigs in that area, it will drive both the price of Crude Oil and Gasoline up.
Arlene Churns on Path Toward Gulf Coast:http://www.washingtonpost.com/wp-dyn/content/article/2005/06/09/AR2005060900471_pf.html
Davitte’ Lanier
Petroleum Industry Analyst
The price of Crude Oil Today settled at $ 54.28 a barrel only 22 Cents off of the days high of $54.50.
Few people realize, that Weather can affect the price of Crude Oil and Gasoline but it can and will. There is a Tropical Storm brewing and it looks like it's heading for the Gulf of Mexico. If this storm is fierce enough to cause a shut down of the oilrigs in that area, it will drive both the price of Crude Oil and Gasoline up.
Arlene Churns on Path Toward Gulf Coast:http://www.washingtonpost.com/wp-dyn/content/article/2005/06/09/AR2005060900471_pf.html
Davitte’ Lanier
Petroleum Industry Analyst
posted by bettergasmileage @ 3:35 PM
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