Gas Prices Rise on Falling Supplies, Political Turmoil in Nigeria, Iran
Gas Prices rose Wednesday after the US reported a large drop in gasoline inventories, adding to supply worries that are already heightened by political turmoil in Nigeria and Iran, two of the world's biggest oil producers.
Crude-oil futures slipped from near-record highs as lowered refinery use has caused a backup in crude inventories.
Crude-oil futures slipped from near-record highs as lowered refinery use has caused a backup in crude inventories.
posted by Ottawa Gas Prices | 9:25 PM
1 Comments:
Why do local gas prices rise immediately when news reports from Washington speculate on supply shortages due to ongoing turmoil in oil producing countries when the current prices resulted from the same scenario? Anyone?
Post a Comment
<< Home