Oil and Gasoline
Crude oil fell to a seven-week low in New York, and gasoline surged, as refineries kept some units closed for repairs before motor-fuel demand picks up.
Refinery maintenance typically occurs in March, as the heating season wanes. An Energy Department report this week will probably show that crude-oil supplies rose last week and gasoline stocks fell.
Crude oil for April delivery fell 52 cents, or 0.9 percent, to settle at $56.59 a barrel at 2:52 p.m. on the New York Mercantile Exchange. It was the lowest close since Jan. 29. Prices are down 9.8 percent from a year ago.
EXCEPT IN PORTUGAL DUE TO GALP ENERGIA THE PRICE IS UP COMPARED TO LAST YEAR.......
SO TO ALL THAT READ THIS BLOG AVOID GOING TO THE PETROL STATIONS GALP
Refinery maintenance typically occurs in March, as the heating season wanes. An Energy Department report this week will probably show that crude-oil supplies rose last week and gasoline stocks fell.
Crude oil for April delivery fell 52 cents, or 0.9 percent, to settle at $56.59 a barrel at 2:52 p.m. on the New York Mercantile Exchange. It was the lowest close since Jan. 29. Prices are down 9.8 percent from a year ago.
EXCEPT IN PORTUGAL DUE TO GALP ENERGIA THE PRICE IS UP COMPARED TO LAST YEAR.......
SO TO ALL THAT READ THIS BLOG AVOID GOING TO THE PETROL STATIONS GALP
posted by JC | 3:51 PM
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