Oil prices have gone up and its all because the US supply has dropped a little bit. If you live in the US that's not good news to hear.The Energy Department said stockpiles fell 3.7 million barrels last week to 366.2 million barrels. Analysts had predicted a decline of 1.5 million barrels, according to Platts, the energy information arm of McGraw-Hill Cos.
Oil production has been affected by a number of issues this month, including some refinery and pipeline problems. Tropical storms have moved through the Gulf of Mexico which closed some oil rigs and slowed oil tankers destined for U.S. ports.
At the pump, the national average for gas rose less than a penny overnight to $3.709 per gallon, according to AAA, Wright Express and the Oil Price Information Service. That's about 31 cents more than a month ago and nearly 12 cents more than a year ago.
Other futures prices on the New York Mercantile Exchange:
Heating oil rose 3 cents to $3.06 per gallon.
Gasoline increased 6 cents to $3.06 per gallon.
Gasoline increased 6 cents to $3.06 per gallon.
That's why we need to which over to something that is less expensive and we can do more with, Biodiesel from used cooking oil is at the top of its game right now and we can add fuel to the fire.
0 comments:
Post a Comment