Wednesday, November 7, 2007

$98.62

One 11am EST AP report in the NY Times
•U.S. oil supplies fell last week for the third straight period.....
•Stockpiles of gasoline also dropped, the government reported Wednesday...
•Demand for gasoline over the past four weeks was 0.8 percent higher than a year earlier....
•...prices had climbed as high as $98.62 in electronic trading.
•At the pump, gas prices rose nearly 2 cents overnight...
•For the week ending Nov. 2, crude oil inventories fell by 800,000 barrels to 311.9 million barrels, which is 8 percent below year-ago levels, the Energy Department said....
•Stockpiles of gasoline also dropped by 800,000 barrels, or 0.4 percent