Short-Term Energy Outlook - Global and U.S.Petroleum Markets: "August began with a surge in oil prices, as BP Oil Company announced a reduction in oil production from Alaska’s Prudhoe Bay. However, August ended with falling oil prices, led by the earlier-than-expected seasonal decline in gasoline prices. The average retail price of regular motor gasoline fell from $3.04 per gallon on August 7, 2006, to $2.62 per gallon on September 11, 2006, and is expected to fall to an average of $2.55 per gallon in January 2007 before rising again into next summer"
Friday, September 15, 2006
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