This is dedicated to all those who voted for the oil cronies known as the Bush admin. and to all those who were able to but didn't vote:
LOS ANGELES - Gas prices jumped nearly 13 cents in the past two weeks, reaching record levels as retail prices began to catch up with soaring crude oil prices, an industry analyst said Sunday.
Prices should continue to rise in the weeks ahead on strong demand and supply problems caused by the transition to cleaner-burning gasoline mixtures as summer approaches, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations across the country.
The Organization of Petroleum Exporting Countries agreed last week to boost its output quota by 500,000 barrels a day, or 1.9 percent. But since members are already producing above their quotas, no extra supply will actually be added, analysts said.
OPEC (news - web sites)'s next meeting is June 7.
http://dailynews.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/ap/20050320/ap_on_bi_ge/gas_prices
LOS ANGELES - Gas prices jumped nearly 13 cents in the past two weeks, reaching record levels as retail prices began to catch up with soaring crude oil prices, an industry analyst said Sunday.
Prices should continue to rise in the weeks ahead on strong demand and supply problems caused by the transition to cleaner-burning gasoline mixtures as summer approaches, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations across the country.
The Organization of Petroleum Exporting Countries agreed last week to boost its output quota by 500,000 barrels a day, or 1.9 percent. But since members are already producing above their quotas, no extra supply will actually be added, analysts said.
OPEC (news - web sites)'s next meeting is June 7.
http://dailynews.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/ap/20050320/ap_on_bi_ge/gas_prices