Monday, November 20, 2006

Republican Revenge: More Pain At The Pump

You knew it was coming, didn't you? The election is over, after all...

Gasoline prices up, end 3 month slump

The average price of a gallon of gasoline rose 5 cents, according to survey of 5,000 gas stations.

CAMARILLO, Calif. (CNN) -- Gasoline prices at U.S. pumps rose an average of a nickel a gallon over the last two weeks, ending three months of falling prices, according to a national survey released Sunday.

The Nov. 17 Lundberg Survey of about 5,000 gas stations across the country showed the average price of a gallon of self-serve regular gas was $2.23, a penny lower than the same week a year ago, publisher Trilby Lundberg told CNN.

Gas prices had fallen 84 cents in the previous 12 weeks, Lundberg said. The previous survey, taken on Nov. 3, showed the average at $2.18, she said.

Lundberg said the halt in price declines showed "a mini-glut" of crude oil that began accumulating in August with the end of the summer driving season has been "soaked up," leading to "a normalization" of supply and demand.

Oil's price collapse, more or less

"Crude oil prices and gasoline supply are in favor of gas price stability for now," Lundberg said.

Hm. Remember November, 2000?

Of course, you remember. Better add Electric Blanket next to Grandma's name on your holiday gift buying list...

She (Lundberg) added that she expects little pump price changes in the near term, unless the mild weather turns severe, causing a spike in heating oil prices. That spike would also increase all petroleum prices, Lundberg said.

Oil men and government: a volatile combination, indeed.

Best bar bet in the world: Delilah didn't do it.
Judges 16:19--


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