Gas Prices, prices down, Different country Prices,

posted by chandramoulesh G K on 9/12/2008 08:51:00 AM | Permalink >> 0 Comments

Gasoline prices are spiking on the U.S. Gulf Coast as Hurricane Ike nears shore. The Oil Price Information Service (OPIS), a market research firm, reported on Sept. 11 that gasoline trading on the Gulf Coast is "absolutely frantic," with wholesale prices nearing $5 a gallon. That's twice what gasoline futures were trading for on the New York Mercantile Exchange.