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Oil In April 2000
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W A S H I N G T O N, April 6 — The good news for consumers is gas prices are anticipated to drop this summer. But the bad news is the decline will be slow. With an increase in international oil production as a backdrop, the Energy Department today dramatically revised its forecast for summer gasoli ....
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....PEC producers also have said they would increase production. And production increases mean refilled petroleum stocks and lower prices for oil products including gasoline. ”We are more optimistic today. Some of the tightening of the market has improved,” said EIA Administrator Jay Hakes. Nationally, the average cost of regular grade gasoline was $1.52 a gallon in March, with the average for all grades, including premium, a nickel higher, the agency said. Revisions Still 25 Percent Higher But don’.... |
| Number of words: 590 |
Approximate pages: 3 |
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