"light, sweet crude oil". How do they know it's sweet? DO they taste it or pour it over pancakes? Why can't we just refine molasses? Robert 1982 Westfalia
--- Tim Olmstead <tim@CWO.COM> wrote: > You can thank our Chief for that. > > -----Original Message----- > From: Vanagon Mailing List > [mailto:vanagon@GERRY.VANAGON.COM] On Behalf Of > JordanVw@AOL.COM > Sent: Friday, March 04, 2005 11:56 AM > To: vanagon@GERRY.VANAGON.COM > Subject: gas prices going up.....more... > > and you thought it was bad enough.. > last night i put $40 of gas in my car.. its just > insane.. > chris > ----- > from USA today: > (March 4) Gasoline prices could rocket 24 cents a > gallon the next few days, > as stations across the USA scramble to keep up with > big jumps in the prices > of > oil and wholesale gas, a veteran energy-price > analyst forecast Thursday. > > "It's going to be brutal, horrendous," says Peter > Beutel, president of > energy-price tracker Cameron Hanover. He has > followed energy markets for > nearly > three decades. > > Thursday, light, sweet crude oil for April delivery > traded as high as $55.20 > a barrel in New York before closing at $53.57. > > A 24-cent jump in the price of gas would bump > unleaded regular to a > nationwide average of about $2.16 a gallon, blowing > through last May's > record of about > $2.06. It could go higher as increased warm-weather > driving in another two > months pushes up demand, and therefore prices, > forecasters say. > > Adjusted for inflation, gas would have to hit about > $2.95 for a record. > > The price increase translates to "$90 million a day, > every day that it > remains in effect," which could be several months, > Beutel says. >
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