Gasoline Prices Decline As Crude Oil Supply Rises
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US gasoline prices fell about 3 cents in the past two weeks to an average of $2.01 per gallon as worldwide supplies of crude oil increased, an industry analyst said yesterday.
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The average U.S. retail price of gasoline fell 2.67 cents in the past two weeks, its first decline since early September due to increased crude oil production, a leading industry analyst said on Sunday.
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Oil prices fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Crude oil fell, extending yesterday&#39;s 4.1 percent decline, as rising OPEC production and US inventories eased concern about winter fuel shortages.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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An increase in the worldwide supply of crude oil contributed to a dip in U.S. prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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Oil prices ticked lower on Thursday for the third day in a row as rising U.S. gasoline supplies countered a surprise drop in crude inventories in the world's largest energy consumer.
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Crude oil prices settled lower Wednesday after the US Energy Department reported a rise in oil stockpiles while warmer weather forecast further pressured on the prices.
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An increase in the worldwide supply of crude oil contributed to a dip in US prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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CAMARILLO, Calif. An increase in the worldwide supply of crude oil contributed to dip in US prices at the gas pump over the last two weeks.
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Crude oil prices fell slightly Friday, ending lower this week as worries about low winter fuel inventories dissipated amid rising oil stockpiles.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil prices fell below $69 a barrel Tuesday amid expectations that U.S. fuel inventory data will again show a rise in crude and gasoline stocks.
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Oil prices fell Wednesday morning after government data showed that the nation&#39;s crude supply grew for the second week in a row.
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Crude futures plummeted yesterday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.