Gas Prices Continue to Rise, Oil Supply Drops - KCBD NewsChannel 11 Lubbock

11/7/07

Gas Prices Continue to Rise, Oil Supply Drops

Updated:

The Energy Department says U.S. oil supplies fell last week for the third straight week. News of sliding inventories has been one factor sending prices toward $100 per barrel.

Stockpiles of gasoline also dropped, defying analyst estimates calling for a slight increase.

At the pump, AAA and the Oil Price Information Service say gas prices rose nearly 2 cents overnight to more than $3.04 a gallon for regular-grade.

Here in Lubbock, prices range between $2.91 and $3.09 per gallon of regular unleaded.

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