AubreyJ’s Energy Update Report - Monday, May 19, 2008

AubreyJ’s Energy Update Report
$4.00 Gas Creeping All So Closer
Monday, May 19, 2008

* KansasCity.Com has this report...
More gas and oil records fell Monday as retail fuel prices struck new highs and crude settled above $127 for the first time, tightening the squeeze on drivers planning holiday road trips next weekend... Light, sweet crude for June delivery jumped 76 cents to settle at a record $127.05 a barrel on the New York Mercantile Exchange. Prices rallied at one point to within a nickel of Friday's record trading high near $128 a barrel...
Read the full report at link below...
Pump prices rise to new high as oil extends gains

* Mille Lacs County Times website brings us this article and it starts off like this... It’s getting to be a pain at the pump as gas prices continue to climb... According to AAA, the average gas rate for the area is $3.639 per gallon. That’s up 20 cents from the prior week, up 40 cents from last month and up 63 cents from last year... The national average is $3.718 per gallon... When will the climbing prices slow down? The forecast is June...
Read the rest at link below...
Pain at the pump!

Image credit: WPClipArt

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Oil Shipments Into Government Reserve Halted

About News Video: Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of the year.
(Video from Friday, May 16, 2008)
News Video posted on YouTube by AssociatedPress

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* VOTE DBD for a Better Tomorrow *

DRILL Wells... BUILD new Refineries/Plants... and DEVELOP New Technologies for a better, Energy Independent, Tomorrow.

Read more at link below...
Sheer Stupidity by many in Congress Put Large Areas of Potential U.S. Oil/Gas Supplies TOTALLY Off-Limits

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AubreyJ.........