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Oil Is Little Changed After Stalling at 1-Week High on Gasoline »

Posted by: STONERS 2 years, 5 months ago

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Crude oil was little changed in New York after stalling yesterday at a one-week high on speculation fuel prices may fall as U.S. refiners increase gasoline production to bolster summer stockpiles.

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STONERS
May 15, 2007, 12:47 p.m.
``Gasoline inventories are expected to rise although they're not likely to get back to the average in time for Memorial Day,'' said Makoto Takeda, an energy analyst at Bansei Securities Co. in Tokyo. ``Prices have risen as force majeure in Nigeria stopped output of crude oil with high-yielding gasoline at a time when demand is rising.''
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OldRusty
May 16, 2007, 7:40 a.m.
Our Government is aiding and abetting the Oil companies, in charging the high gas prices,the so called regulations, and enviromental watch groups., on refineries,. are directely responsible.,So our elected must interviene, and relax the regulations., Federal and state taxes could be suspended., and price caps can be implemented immediately.,So remember Who is in office right now., when the election comes around.All this conserve,and cut back driving, is bull crap.,profits are way to high.,whats wrong america? demand more from your elected...
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Truzseeker
May 16, 2007, 11:50 a.m.
Good point OldRusty, and Congress has the power to regulate interestate commerce and should be equally doing so for the general welfare.