As crude oil supply grows, gas prices drop
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CAMARILLO, Calif. Gasoline prices are dropping, thanks to an increase in the supply of crude oil. The semimonthly Lundberg Survey finds the combined national average price for all grades of gasoline is now two dollars and four cents.
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Crude oil futures fell, extending last week&#39;s 4 percent decline, on speculation rising US oil supplies will be sufficient to meet winter fuel demand.
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Crude oil prices fell by more than $3 yesterday after a federal government report showed larger-than-expected heating oil supplies in the US, easing fears of a shortage this winter.
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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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Crude oil and gasoline prices fell Wednesday as speculators seemed to lose hope that futures prices would continue ever upward. Crude oil dropped $1.
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(Camarillo, California-AP) Dec. 6, 2004 - The Lundberg Servey says gas prices have dipped nationwide over the past two weeks. The survey cites an increase in crude oil supplies combined with the recovery of US offshore oil production after Hurricane Ivan.
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Crude oil prices fell sharply Wednesday as concerns about tight winter-fuel supplies eased amid a great increase in US inventories of crude oil.
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U.S. average retail gasoline prices  fell more than 10 cents a gallon over the last two weeks due to  more abundant crude oil supplies and mainly lower oil prices,  according to an industry analyst.
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Oil prices fell on Tuesday as an expected increase in US heating fuel supplies eased concerns over an inventory crunch should this winter&#39;s weather prove colder than normal.
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Gas prices have dropped nearly 5 cents in the past three weeks with an increase in supply, but soaring crude oil prices could cause rates to rise again soon, an industry analyst said Sunday.
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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 again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that energy costs are  slowing the economic growth that drove this year's sharp  increase in world fuel consumption.
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Oil prices eased on Tuesday, as  Middle East cyclone fears waned, but concerns over gasoline  supply in the United States kept crude above the $70 mark.
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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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Oil prices fell about 3 percent on  Wednesday after U.S. crude supply rose while distillate fuel's  slip in inventory was within market expectations.
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The price of crude oil slips back from a record of more than $80 a barrel, but worries about supply persist.
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Crude oil prices slipped yesterday, falling to a five-month low after an inventory report showed that higher refinery production was helping boost US gasoline and distillate inventories.