Crude Prices Hitting All-Time Highs

Distillate stocks in the U.S. fell by 1.2 million bbls to 116.4 million bbls, putting them closer to the bottom of their five-year average range, EIA reported. The drop in supplies helped to propel retail heating oil and on-highway diesel prices up by 13¢ and 16¢, respectively, to $3.68/gal and $3.8...

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Bibliographic Details
Published in:Global refining & fuels report 2008-03, Vol.12 (6)
Main Author: McElligott, Suzanne
Format: Article
Language:English
Subjects:
Interest rates
Inventory
Petroleum
Petroleum industry
Prices
Prices and rates
Online Access:Get full text
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Summary:Distillate stocks in the U.S. fell by 1.2 million bbls to 116.4 million bbls, putting them closer to the bottom of their five-year average range, EIA reported. The drop in supplies helped to propel retail heating oil and on-highway diesel prices up by 13¢ and 16¢, respectively, to $3.68/gal and $3.82/gal, reflecting a price increase to consumers of around 45% over prices seen this time last year.
ISSN:1940-5162
1940-5170