Gas & Oil News
What a week when it comes to the price of Crude Oil. Since last Monday Crude Oil has increased $3.75 a barrel to a new record high of $59.85 and settling at $59.37 today. It seems the driving force behind this current serge in price is the sustained fear supply will soon be outstripped by demand and refinery shout falls. This casts a bleak out look on the price of distillates.
The National Average for Regular Unleaded Gasoline moved up 6/10ths of a Cent to $2.146 a gallon over the weekend under pressure of falling U.S. inventories. Strong demand with no sign of letting up will also add to the upward price pressure on Gasoline and Diesel Fuel.
Oil Prices Hit New Intraday High Near $60
http://apnews.myway.com/article/20050620/D8ARGM000.html
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst
The National Average for Regular Unleaded Gasoline moved up 6/10ths of a Cent to $2.146 a gallon over the weekend under pressure of falling U.S. inventories. Strong demand with no sign of letting up will also add to the upward price pressure on Gasoline and Diesel Fuel.
Oil Prices Hit New Intraday High Near $60
http://apnews.myway.com/article/20050620/D8ARGM000.html
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst
posted by bettergasmileage @ 3:55 PM
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