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Oil - USA - Crude breaks another record
Diesel climbs again
USA -Land Line Magazine/G.Valley,Miss. -2005 Aug 10: -- Prices for light, sweet crude topped out at a new intraday high of $64.27 in trading on the New York Mercantile Exchange on Tuesday, Aug. 9... Diesel prices, meanwhile, continued their upward climb toward the $3 mark... ProMiles showed an average in California of $2.99 per gallon on Wednesday, Aug. 10, while the U.S. average came in at $2.463 per gallon... The prices didn’t stop there, however, in Modesto, CA, showed a high of $3.15 per gallon ... But the high prices have only slightly slowed demand; a fact, which analysts say, is making investors nervous, according to news reports... A series of refinery outages in the U.S. in recent weeks, coupled with unease in Saudi Arabia and continued strong demand from China, have all contributed to the increase in prices...
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