U.S. gasoline prices jump up after the short breather for American drivers

Well, I guess we knew it wouldn't be long, but it looks like the gas prices are starting to fluctuate after a nice long drop in the prices. I'm just hoping the prices stay down in this range for a while.
"After reaching a summer high of $3.04 a gallon on August 7, the pump
price had declined 83 cents, dropping for a record 11 weeks in a row.The rise in the latest gasoline price mirrors last week's increase in crude
oil costs, after a government report showed an unexpected, large drop in
U.S. oil and petroleum product inventories and market concerns emerged about a possible al Qaeda attack on Saudi Arabia's oil facilities.The price of crude oil accounts for about half the cost of making gasoline.
The new jump at the pump could be short-lived as oil settled down $2.39, or nearly 4 percent, to $58.36 a barrel in Monday trading at the New York Mercantile Exchange after traders became less worried about a threat of terror attacks on Saudi oil sites."All the best,
Al


