H
Harry Hope
Guest
From The Associated Press, 4/7/08:
http://www.newsday.com/business/nationworld/ats-ap_business14apr07,0,7466983.story
NEW YORK -
Gas prices rose further into record territory Monday, pulled higher by
resurgent oil futures and a growing belief that gasoline supplies are
falling as the summer driving season approaches.
Oil futures, meanwhile, jumped by more than $2 a barrel as traders bet
the Federal Reserve will continue cutting interest rates.
Comments from OPEC suggesting the cartel plans no production increases
also boosted oil prices.
At the pump, the national average price of a gallon of gas jumped 3.6
cents over the weekend to a record $3.339, according to AAA and the
Oil Price Information Service.
That's 58 cents higher than a year ago.
________________________________________________
Harry
http://www.newsday.com/business/nationworld/ats-ap_business14apr07,0,7466983.story
NEW YORK -
Gas prices rose further into record territory Monday, pulled higher by
resurgent oil futures and a growing belief that gasoline supplies are
falling as the summer driving season approaches.
Oil futures, meanwhile, jumped by more than $2 a barrel as traders bet
the Federal Reserve will continue cutting interest rates.
Comments from OPEC suggesting the cartel plans no production increases
also boosted oil prices.
At the pump, the national average price of a gallon of gas jumped 3.6
cents over the weekend to a record $3.339, according to AAA and the
Oil Price Information Service.
That's 58 cents higher than a year ago.
________________________________________________
Harry