Gas & Oil News Daily

That restricted supply of Refined Gasoline I spoke of last week, is rearing its ugly head and is being reflected at the pump! The National Average Price for Regular Unleaded Gasoline Pole-vaulted from $2.843 to $2.938, jumping 9.5 Cents a gallon from Friday. This is the beginning of a bad way to end the year, but I'm afraid the "Die is Cast"! Nothing in the foreseeable future bares any hope for lower prices at the pump!

With Global Refineries (that are on line) all running flat out with plenty of Light Crude Oil to refine; Light Crude will stay in the mid to lower 60's a barrel, for the near term. Light Crude sold at a high of $66.50 and settled at $65.47, dropping 77 Cents a barrel since Friday.

> The Dilemma & Some Key Points
> Six more months of gasoline pain?
> No easy fix for Rita-damaged oil works

Davitte’ Lanier
Petroleum Industry Analyst

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Davitte'