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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (61405)	3/3/2000 3:03:00 PM
From: BigBull	Respond to of 95453

Gasoline: A "dire situation?" My, my, what a difference a year can make - from the Glut, the Glut, the Glut, to a "dire situation." Check out the front page of today's USA Today and you'll see that gasoline is making front page DRIVIN' news. <g> ------------------------------------------------------------ quote.bloomberg.com Supplies are 15 percent lower than a year ago, and while producing nations may begin to boost oil output as early as April, it would still take about a month for shipments to reach refiners. Recent refinery problems also have helped boost gasoline prices. ``This is equivalent to where heating oil was' earlier this year, when snowstorms and low supplies sent winter fuel costs soaring, said David Becker, energy derivatives trading manager at Citibank NA in New York. ``But there's much stronger demand for gasoline in this country. It's going to be a dire situation.'