Wednesday, September 05, 2007

Gasoline Supplies - Lowest Level Since 1991

From Agora's 5 Min. Forecast:

Gasoline supplies are at their lowest level since 1991. Measured in “days of gas available,” the Energy Department reported that, for the last week data were available, the U.S. has only a 20-day supply… the lowest since the first Iraq war.

Yet despite these supply levels, gas prices remained at a nationwide average of about $2.80 all last month. With the summer driving season drawing to a close, we might see lower prices still.

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