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Lower Gas, Oil Prices Expected view story
Tuesday, November 8, 2005
RITU KALRA - - Hartford Courant
| Gas and home heating oil prices, which already have retreated from their frenzied, hurricane-induced highs, are poised to drop further, energy analysts say.
With Gulf Coast refineries slowly coming back on line and mild autumn weather sapping demand for heating fuels, inventories are beginning to build back up. By next week, prices for heating oil could slide 10 cents or more per gallon - and the market could drive prices at the pump down a few pennies as well.
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