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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Bill on the Hill who wrote (1676)	8/13/2005 4:51:57 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24224

Those wouldn't be the Hummers with the tax credits, would they? :>) Let's see how they like it when the bees don't show up cuz they can't afford the trip. Crude to new highs; Honolulu gas, too Falling U.S. gasoline stocks have produced another record high in the price of crude oil and Hawaii fuel prices are pushing upper limits. Benchmark crude oil delivery contracts on the New York Mercantile Exchange hit a record session high of $65.30 a barrel Thursday before closing at $64.77, and, since then, Friday trade in the Asia-Pacific region has sent prices back above $65 a barrel. The rise appears driven by the weekly report from the U.S. Department of Energy that showed U.S. gasoline stocks down 2.1 million barrels to 203.1 million barrels after a round of refinery shutdowns for maintenance. Record prices have not deterred rising global oil consumption. The Paris-based International Energy Agency, found during the Arab oil embargo of 1973, said Thursday that soaring prices have had only a "limited" effect on demand. Indeed, the agency sees world oil demand growing 1.6 million barrels a day this year to 83.7 million barrels a day. The national average price of self-serve regular gasoline hit a new record high for Friday morning of nearly $2.40 a gallon, AAA reported, and the statewide average for Hawaii topped $2.68, also a record. Around the islands: Honolulu: $2.60 6/10, a new record. Premium topped $2.80 and diesel topped $2.82 on Oahu, which has the state's lowest fuel prices. Hilo: $2.69 6/10. This is actually about four cents below a record hit on Aug. 1, AAA reported. Big Island diesel now averages $3.19 a gallon. Wailuku: $2.89 9/10. The record here was more than $2.97, set on Aug. 2. Maui diesel prices are well over $3 and premium in Wailuku, one of the less expensive locales on Maui, now tops $3.12 a gallon. AAA surveys Hawaii fuel prices by checking the last credit card receipts of the night at selected gas-and-go stations. Prices are higher in more remote areas of the state. It's worse in California, where every major city had new record prices for fuel Thursday, bringing prices to the range of Hawaii prices, except that Californians drive much longer distances and their diesel-powered delivery trucks sit in worse traffic. bizjournals.com