How do you like those oil prices in the mid- $50's per barrel for Oct-2004?
Do you still think the Bloomberg posting of April-2004 was just another posting of "dire economic news"?
Have a nice drive to your local gas station :)
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| Crude Oil Futures Rise Amid Concern of Summer Gas Shortages |
| 2004-04-30 |
| April 30th, 2004 (Bloomberg) -- Crude oil futures rose in New York after gasoline soared to a record for a fourth day yesterday amid predictions the U.S. will run short of fuel this summer. Demand for the motor fuel last week rose 3.1 percent to 9.3 million barrels daily, which was 11 percent higher than the same week last year, the Energy Department said Wednesday. Consumption is running at a record pace, and the nation’s fuel reserves are below normal with the driving season a month away. ``Gasoline is the leader,’’ said Steve Taylor at New West Petroleum Inc. in Sacramento, California. ``As long as inventories of gasoline remain tight people will bet that demand is going to be strong for crude.’’ Crude oil for June delivery rose as much as 23 cents, or 0.6 percent, to $37.54 a barrel in after-hours trading on the New York Mercantile Exchange. It was at $37.47 at 9:57 a.m. Sydney time. June crude fell 15 cents, or 0.4 percent, to settle at $37.31 a barrel yesterday. It traded as high as $38.18 in floor trading Wednesday after the department’s weekly inventory report showed gasoline stockpiles rose less than expected. |
| Posted by:Mark Espinola |
| #6 To "B"; (1st & 2nd poster) How do you like those oil prices in the mid- $50's per barrel for Oct-2004? Do you still think the Bloomberg posting of April-2004 was just another posting of "dire economic news"? Have a nice drive to your local gas station :) |
| Posted by: Mark Espinola 2004-10-11 5:01:20 PM |
| #5 I bought a truck around Xmas - it's my fault |
| Posted by: Frank G 2004-04-30 5:39:15 PM |
| #4 I'm puzzled that gasoline consumption is up 11% over last year. It's extremely hard for me to believe this country is burning that much more this year than last. Or did this refer to the total expenditure on gas, which seems about right. |
| Posted by: Tresho 2004-04-30 5:29:04 PM |
| #3 ``As long as inventories of gasoline remain tight people will bet that demand is going to be strong for crude.’’ I'm not an economics guru, but this seems like pure speculation to me. If supplies are "tight", I sure as hell aren't aware of it, except reading about it in the news, as what happens before the gas gets delivered to the filling station is transparent to me. Some sort of shortfall would mean that there's not enough gas being made to meet demand, right? Well I haven't seen any gas stations with a "NO GAS" sign out in front, so what's the deal? |
| Posted by: Bomb-a-rama 2004-04-30 11:45:52 AM |
| #2 Hey Mark Espinola.I don't get it. In the comments section, you post comments supportive of Bush and the WOT..yet here, you and your *cough* sister, Jesika Espinola, post the overly dire economic news. Are you a new and improved troll or what? |
| Posted by: B 2004-04-30 4:01:45 AM |
| #1 It's a quagmire!! Hey Mark Espinola, poster of dire economic news, did you undergo a sex change between this post and the one about treasury yeilds? Or is your sister Jesikkka Espinola just helping you to scare the voters? Little busy beavers, you two. |
| Posted by: B 2004-04-30 3:10:24 AM |