Thursday, 24 July 2008
Newsday
Motorists are getting a bit of relief at the gas pumps, as prices slip amid reduced demand, higher gasoline supplies and a decline in crude oil futures. Some experts think crude oil and gasoline prices will decline further in coming weeks, barring supply interruptions or even threat from hurricanes, or geopolitical factors such as the nuclear tensions between Iran and the West. "All the ingredients are there for lower prices ahead," said Andy Lipow, president of Houston consulting company Lipow Oil Associates Llc. Kevin Beyer, president of the Gasoline Retailers Association and owner of a...
Cars
photo: WN / Rubielyn Bunag