Oil & Gas Prices

After losing about three bucks in late day trading yesterday, crude oil prices are on the rebound again today.

They firmed up, following release of a report, that oil inventories in the U.S. fell more than expected again last week.

At last report a barrel of crude was up three dollars and two cents, to 134 dollars and 33 cents U.S.

Most observers believe we still haven’t peaked at the pumps thisyear, even though the national average and local prices are both, atnew record highs.

At a dollar 42, point nine cents a liter, the common posted price inFort St. John is now 24 cents more, than it was this time last year.

At a dollar 37, point two cents, the new national average is 32 cents a liter higher, than it was on this date in 2007.