Chat Marchet News Digest
Daily news and opinion from le Chat Marchet
May 16th, 2008 at 2:11 pm

US will stop sending oil into strategic reserves (AP)

Posted in: le Chat Marchet

“

High gas prices posted at a Shell gas station in Redwood City, Calif., Wednesday, May 14, 2008, as a Toyota Prius hybrid drives by. Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell as an Energy Department report gave a mixed picture of the nation's petroleum reserves. At the pump, the average national price of a gallon of regular gas rose 2.6 cents overnight to a record $3.758 a gallon, according to AAA and the Oil Price Information Service. Gas prices are 67 cents higher than a year ago, and are expected to continue rising at least until the Memorial Day weekend. (AP Photo/Paul Sakuma)AP - The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires.


“

The the whole scoop clicking here.

This entry was posted on Friday, May 16th, 2008 at 2:11 pm and is filed under le Chat Marchet. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.