Gas & Oil Daily News Post # 166

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The price of Light Crude is at $59.91 up 59 Cents a barrel from yesterday. Light Crude Oil sold as high $60.80 today and is showing signs of moving back into the 60's on concerns of a cold snap effecting a major portion of the Northern United States.

The National Average Price for Regular Unleaded Gasoline is currently at $2.124 a gallon up 2 Tenth's of a Cent from Sunday. This is the first up turn in the price of gasoline in several weeks!

> Oil pushed towards US$60 a barrel
> Oil prices have been back over $US60 a barrel in New York
> Oil price hits $60 on US cold weather
> Oil Price To Stay High On Upside Risks

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Davitte’ Lanier
Petroleum Industry Analyst