About signaloilandgas

signaloilandgas

First Name: DEADBEAT Signal

Last Name: Oil and Gas

Homepage: DEADBEAT Signal Oil and Gas

About:

Signal Oil and Gas - Gas prices slip for first time in weeks, may be near top
NEW YORK - Retail gas prices fell slightly Friday — the first time in 18 days they haven't risen to a new record — and analysts say pump prices may be peaking for the year.

Oil futures, meanwhile, rose sharply after Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market and the Labor Department's employment report gave investors reason to be optimistic about the economy.

The national average price of a gallon of regular gas fell 0.1 cent overnight to $3.622, according to a survey of gas stations by AAA and the Oil Price Information Service. That's the first time since April 14 that retail prices have fallen. Diesel prices fell 0.2 cent to a national average of $4.249 a gallon.

"It could go up just a little bit more," said Fred Rozell, retail pricing director at the Oil Price Information Service, in Wall, N.J., but, "I think it's running out of steam."

Prices could reach $3.70 a gallon, "at the most," Rozell said, but are highly unlikely to rise to $4 on a national basis. Still, motorists in parts of states such as California and Hawaii are paying $4 right now.

Soaring gas prices are cutting demand for gasoline, and analysts have long theorized that falling demand will eventually force prices lower. However, gas prices bucked those forecasts for most of the spring and followed oil's sharp gains.

On Friday, light, sweet crude for June delivery rose $3.60 to $116.12 a barrel on the New York Mercantile Exchange. Turkish warplanes bombed Kurdish rebel bases inside Iraq for three hours overnight, a rebel spokesman said Friday. When conflict breaks out in the Middle East, investors often buy on concerns that supplies will be disrupted.

Some investors were also buying crude on a view that the economy is improving, analysts said. The Labor Department said employers cut far fewer jobs in April than expected.

"If the jobs (situation) isn't as bad, maybe we'd see a snap back in demand," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.


http://blogs.ign.com/james-van-blaricum/
http://www.linkedin.com/in/jamesvanblaricum
http://www.aboutus.org/James-van-blaricum.com
http://www.mybloglog.com/buzz/members/signal-oil-and-gas/
http://geocities.com/signal_oil/blog.html
http://en.wikipedia.org/wiki/User_talk:Signal-oil
http://www.mybloglog.com/buzz/members/signal-oil-and-gas/
http://www.wikidot.com/user:info/jim-van-blaricum
http://signaloil0.egoweblog.com/
http://signal-oil-and-gas.wetpaint.com/?t=anon
http://jimvanblaricum.tblog.com/post/1969983283
http://www.soulcast.com/jim_van_blaricum/
http://www.squidoo.com/jim-van-blaricum
http://clearblogs.com/james-van-blaricum/


http://www.signaloilandgas.com
http://www.jim-van-blaricum.net
http://www.jim-van-blaricum.org
http://www.jimvanblaricum.net
http://www.jimvanblaricum.org
http://www.signal-oil-and-gas.com
http://www.signaloilandgas.net
http://www.signaloilandgas.org
http://www.jim-van-blaricum.com
http://www.james-van-blaricum.com
http://www.jamesvanblaricum.net
http://www.oil-signaloil.com
http://www.oil-jimvanblaricum.com
http://www.gas-signaloil.com
http://www.gas-jimvanblaricum.com

http://www.signaloilandgas.com/blog
http://www.jim-van-blaricum.net/blog
http://www.jim-van-blaricum.org/blog
http://www.jimvanblaricum.net/blog
http://www.jimvanblaricum.org/blog
http://www.signal-oil-and-gas.com/blog
http://www.signaloilandgas.net/blog
http://www.signaloilandgas.org/blog
http://www.jim-van-blaricum.com/blog
http://www.james-van-blaricum.com/blog
http://www.jamesvanblaricum.net/blog
http://www.oil-signaloil.com/blog
http://www.oil-jimvanblaricum.com/blog
http://www.gas-signaloil.com/blog
http://www.gas-jimvanblaricum.com/blog

signal oil and gas, james van blaricum, jim van blaricum