Gas & Oil News

Up, up and away! So goes the price at the gas pumps and the worst is yet to come.....
The National Average Price for a Gallon of Regular Unleaded Gasoline increased another 4 cents from yesterday and is now at $2.524 a gallon, "Ouch"!
The price of Light Crude Oil dropped 19 cents a barrel today but that is no sign of any relief on the horizon for gas prices.
Light Crude Oil sold at an intraday high of $66.85 a barrel and settled at $66.08 and seems to have found a new home in the mid to upper 60's range. Look out the 70's are just around the corner and if Crude hits $70 a barrel, The National Average for Regular Gas will be selling for $3 at the pump.
Impact of global oil price hike:
http://www.financialexpress-bd.com/index3.asp?cnd=8/14/2005&section_id=5&newsid=10344&spcl=no
Who is to blame for high gas prices?
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050814/BIZ01/508140343
Refinery Woes Fuel Oil Price Spiral:
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20050814-000284-1943
For the Best Ways to Save Gasoline & Money:
http://www.bettergasmileage.com/

Davitte’ Lanier
Petroleum Industry Analyst