Gas & Oil Daily News Post # 134

___The Crude Oil Bottle-neck, that has brought the price of Crude down to the low 60's, is being "Trumped" by worries of a cold North American Winter that could put a big strain on Crude Oil Supplies. If colder than average weather patterns prevail in the US this winter, higher oil and gasoline prices are sure to follow!

Light Crude Oil is heading up again and sold as high as $64.70 a barrel and settling at $64.12, up 59 Cents a barrel since Yesterday.

The National Average Price for Regular Unleaded Gasoline is down, 1.7 Cents from yesterday, and is currently selling for $2.854 a gallon.

> Pullback in gasoline demand called a blip; crude rebounds

Davitte’ Lanier
Petroleum Industry Analyst

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