A Weakening Oil Gusher? Date: Friday, October 29 @ 03:20:55 PDT Topic: Consumption; Demand; Prices
INVENTORY INCREASE. Those strong results are largely a reflection of energy prices' climb. Oil has risen more than 70% in the past year. Natural gas, too, has exploded, up 70% since this time last year, to $7.70 per million BTUs. Gasoline sells for over $2 a gallon nationally, an increase of 50 cents a gallon, or 33%.
