Gas & Oil News

The fact or presumed fact that Crude Oil supply and demand is in a delicate balance, in it self is stacking the deck for higher prices and this magnifies the impact of global current events on the price of a barrel of oil.
Despite the record numbers at the pump, US demand for gasoline is steadily increasing. People are not slowing down or driving less, they are driving more and faster.
The National Average for Regular Unleaded Gasoline is starting on an upward move again. Pump prices rose for the first time in two weeks and is at $2.286 a gallon.
Crude Oil is starting to bubble again and is poised to make a move up. Selling at a high of $60.20 and settling at $59.94 is up 83 cents a barrel from yesterday.

Oil Touches $60:
http://money.cnn.com/2005/07/28/markets/oil.reut/index.htm

Eight Dead, 20 Missing in India Oil Fire:
http://www.lasvegassun.com/sunbin/stories/w-asia/2005/jul/27/072702642.html

For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst