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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (447)	4/28/2004 2:27:54 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

Southwest drought slashes Colorado River flows. sacbee.com

To: ~digs who wrote (447)	4/28/2004 3:12:46 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

SAN FRANCISCO (CBS.MW) -- Gasoline futures closed at another new record on the New York Mercantile Exchange with data on U.S. petroleum inventories showing strength in oil demand a month ahead of the traditional start to the summer driving season. May unleaded gas rose 2.01 cents to close at $1.2268 per gallon. It climbed as high as $1.242 -- "the highest level recorded for the contract since it began trading in Dec. 1984," said John Person, editor of The Bottom Line newsletter. "We could see another [price rise of] 10 percent in another week if we cannot get inventories up," he said. June crude closed at $37.46 per barrel, down 7 cents after an earlier climb to $38.18, a mid-March high.