Thursday, May 22, 2014

Crude Oil supplies low at Cushing, Oklahoma

CRUDE OIL prices climbing higher

Expect higher fuel prices very soon

$5 to $6 ALL GRADES...

The key delivery point for crude oil in Cushing, Oklahoma is reporting inventory declines and is now expected to drive domestic oil prices skyward.  This will also transition to higher pump prices for all grades of gasoline and diesel fuel for the summer driving and recreational season.  Some say $5 and even $6 per gallon fuel will be likely this summer.  Drivers are currently taking advantage of lower pump prices but they may start up as early as this Memorial Day weekend.