Record energy prices and your wallet
Experts see relief from high oil and gas prices coming around the corner, is it soon enough?
http://money.cnn.com/2005/08/10/news/economy/oil_gas/index.htm
$this->bbcode_second_pass_quote('', 'E')nergy analysts say the recent jump in the price of oil and gas has been due to a combination of factors - geopolitical instability in Saudi Arabia and Iran as well as the recent closure of several domestic and international refineries.The lingering effects of the recent tropical storms have not helped either, delaying fuel shipments and hurting consumers at the pump.
This surge in energy prices, however, is not unusual at this time of year according to Bill O'Grady, the assistant director of market analysis for A.G. Edwards.
"At this time of year it's normal to see refinery outages and it invariably spooks the market when it happens," he said.






