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Archive Home > 2007 > November > 02 > Gas prices: Demand isn't everything

Gas prices: Demand isn't everything

Global factors play an increasingly important role in how much we pay

By Jeff McDonald / The Bulletin
November 2, 2007

Global oil costs are skyrocketing and drivers are feeling it.

Record high crude oil prices, which reached $96 per barrel Thursday before settling to a close of $93.49, combined with a weak U.S. dollar and instability in the Middle East, have contributed to higher prices at the pump.

“I....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.