U.S. drivers pumping gasoline at near-record prices

[Dave Farber <dave () farber net>]

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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