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U.S. drivers pumping gasoline at near-record prices
From: Dave Farber <dave () farber net>
Date: Fri, 22 Aug 2003 10:22:38 -0400
Can some are explain to me why the stored gas supplies are low .I assume it too little to do with OPEC supplies
X-Sender: @ (Unverified) Date: Fri, 22 Aug 2003 08:57:28 -0400 To: undisclosed-recipient:; From: Monty Solomon <monty () roscom com> U.S. drivers pumping gasoline at near-record prices - Aug 21, 2003 04:43 PM (Reuters) By Bernie Woodall NEW YORK, Aug 21 (Reuters) - U.S. motorists could soon be paying the most they've ever paid for gasoline as pipeline and refinery disruptions squeeze the nation's supply in the midst of the summer driving season, experts said on Thursday. Long lines clogged gas stations in the Phoenix, Arizona area this week after a pipeline break cut shipments from Texas. And in the Midwest drivers faced a steep rise in pump prices as refineries in Ohio and Michigan struggled to restart after last week's blackout. The national average for self-serve regular gasoline by Wednesday was $1.635 a gallon -- 17 percent higher than a year ago and within a dime of the all-time U.S. record, according to the American Automobile Association (AAA). That's 10.5 cents more than a month ago, and 23.6 cents more than last year at this time. The price hikes come at a time when a record number of travelers are preparing to hit the roads for the upcoming Labor Day holiday, said AAA, the nation's largest motorist and travel group. Pump prices are likely to continue inching higher after a nearly 10-cent surge in wholesale futures prices on Thursday, as dealers fretted over thin stored supplies. ... - http://finance.lycos.com/home/news/story.asp?story=35370267
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- U.S. drivers pumping gasoline at near-record prices Dave Farber (Aug 22)