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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/28/2001 1:32:17 AM
From: Teri Garner	Read Replies (3) of 37746

U.S. gas prices: $2 soon? Anxiety about higher gas prices clouds the start of summer driving season NEW YORK (AP) - Fears of a supply crunch ahead of the Memorial Day weekend sent wholesale gasoline prices to record heights this week, increasing the likelihood of $2 a gallon for regular unleaded in many parts of the country. What's got buyers scared so close to the start of the busiest driving season is a scarcity of the cleaner-burning fuel needed to meet summer air quality requirements. The most recent inventory data showed dwindling supplies of the reformulated gasoline, especially on the East Coast. That sent wholesale prices to a record high of $1.175 a gallon Thursday on the New York Mercantile Exchange. cnnfn.cnn.com

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