SEARCH BLOG: GASOLINE
Northeast and midwest gasoline prices jumped 10-20¢ per gallon as oi prices dropped further to around $36 per barrel. Keeps happening here. Must be in anticipation of the stimulus package.
Oil plummets on global demand report..
U.S. inventory report also shows bigger-than-expected rise in crude supply.
NEW YORK (CNNMoney.com) -- Oil prices plummeted Wednesday after an international report said global demand for crude will continue to fall in 2009, re-igniting oversupply concerns.
The International Energy Agency reduced its predictions for demand to fall 84.7 million barrels per day in 2009, according to the monthly report.