Kitsap gas at $3.92 Wednesday …

… per gallon of unleaded, says AAA. This is really starting to hurt me, considering I have a one-way commute of 26 miles between Bainbridge and Bremerton, even though I drive a small car and buy my gas on the Suquamish reservation. How is this affecting you? Are you changing your driving habits? As for myself, I can’t do much more than I’m doing. I gave up commuting in my minivan and permanently parked it in my garage when gas in Kitsap hit an all-time high of $4.37 on June. 19, 2008.

Rachel Pritchett

Oil gives up early gains, heads lower
NEW YORK (AP) — Oil gave up its early gains on Wednesday and headed down again, after the Energy Department reported America’s crude supplies grew again last week.
Benchmark crude for May delivery fell 18 cents to $106.07 per barrel in afternoon trading on the New York Mercantile Exchange. The contract fell 6 percent on Monday and Tuesday.
The Energy Information Administration said U.S. crude supplies rose by 1.6 million barrels last week to 359.3 million barrels. That’s 1.5 percent above year-ago levels.
Gasoline supplies dropped by 7 million barrels — more than five times what analysts expected. Supplies of distillate fuels, which include diesel and jet fuel, also unexpectedly declined by 2.7 million barrels.
Shrinking supplies of gasoline, diesel and other refined fuels can boost demand for crude, but analyst and trader Stephen Schork pointed out that the drop is partially due to a temporary shutdown at Sunoco’s Marcus Hook refinery in Pennsylvania.

Leave a Reply

Your email address will not be published. Required fields are marked *

Before you post, please complete the prompt below.

Please enter the word MILK here: