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Top Forum PostsUNG 4 for 1 Reverse SplitVoluntary Shut-insAssociated Gas ProductionThe bottom is in?Poll: Storage for EIA report date 2/23/12Top CommentariesThe Energy Report: So Much for the Olive BranchWork-arounds for the politics of KeystonePeak Oil ReviewThe Energy Report: Panic AttackBaker Hughes Rotary Rig Count ChartsTop News StoriesEU: Iran Must Fully Comply With IAEAIAEA Inspectors Say Iran Talks Produced No Way Forward, Site Acess DeniedIran, IAEA To Continue Talks -DelegateIran Said to Offer India Additional Crude Oil Shipments on Revised TermsJapan Refiners Said to Stall on Iran Crude Oil Agreements Amid U.S. Talks |
Featured ArticlesFeb 22, 2012Futures Signal Coming 10c-25c Rise At Gasoline PumpPublished: Jan 27, 2012 (Dow Jones) National average gasoline pump prices, already at highest-ever January levels, soon may rise by 10c to 25c, based on a jump in futures prices. Nymex February gasoline futures hit their highest level since Aug. 31 Friday and climbed nearly 15c/gallon in past four days amid scheduled and unplanned refinery closures and high oil prices. Crude price -- 80% of cost of gasoline -- averaging record January high above $100/bbl. AAA Daily Fuel Gauge says regular gasoline averages $3.39/gal Friday. Pump price averages 70c above futures, analysts say, meaning prices soon may hit $3.49 to $3.63/gal. Retail gasoline averaged $3.10/gal last January. (david.bird@dowjones.com) |
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