High Gas Prices in California 2011

Oil prices rise again from the heavy oil companies and analysts forecast another round.
The average gallon of regular gasoline at the national level a year ago and 95 cents more, to 1.7 cents to $ 3.699. In addition to analysts, global oil prices bounce back to the refinery outage in charge, will return to full operation, but not fast enough to reduce the retail price of gasoline.

At the same time, oil industry analysts this week, the highest profit in the second quarter of 2008, we expect there will be a year of record fuel prices. "It raises all ships, the tide of," Fadel Gheit, energy analyst for Oppenheimer & Co., said that for investors. The federal deficit and the stalemate in Washington is likely to anger consumers, the American Petroleum Institute, the teleconference Monday that the U.S. economy of the oil industry, went to the line of attack.

"In our industry, and America a good time," Kyle Isakower, legal and economic policy, said vice-president of the Institute. Isakower the country's oil industry produced 7.7% of GDP and is one of the nation's largest employer. Oil prices last week, a New York futures trading, after rising above $ 100 per barrel, ended the day slightly lower.

Comparative City. S. West Texas Intermediate, $ 99.20 per barrel, 67 cents at the New York Exchange closed on trade. The main European indices, Brent North Sea oil, ICE Futures exchange in London for 73 cents to $ 117.94 a barrel.

The average gallon of regular gasoline at the national level a year ago and 95 cents more, to 1.7 cents to $ 3.699. In addition to analysts, global oil prices bounce back to the refinery outage in charge, will return to full operation, but not fast enough to reduce the retail price of gasoline.

At the same time, oil industry analysts this week, the highest profit in the second quarter of 2008, we expect there will be a year of record fuel prices. "It raises all ships, the tide of," Fadel Gheit, energy analyst for Oppenheimer & Co., said that for investors. The federal deficit and the stalemate in Washington is likely to anger consumers, the American Petroleum Institute, the teleconference Monday that the U.S. economy of the oil industry, went to the line of attack.

"In our industry, and America a good time," Kyle Isakower, legal and economic policy, said vice-president of the Institute. Isakower the country's oil industry produced 7.7% of GDP and is one of the nation's largest employer. Oil prices last week, a New York futures trading, after rising above $ 100 per barrel, ended the day slightly lower.

Comparative City. S. West Texas Intermediate, $ 99.20 per barrel, 67 cents at the New York Exchange closed on trade. The main European indices, Brent North Sea oil, ICE Futures exchange in London for 73 cents to $ 117.94 a barrel.