No Pinch at the Pumps

By: Carrie Hutton
By: Carrie Hutton

Those in the oil industry are keeping a close eye on the war. Yet, Saudi Arabia remains the largest single crude oil producer and without a rush at the pumps, experts say the supply should be good for the long haul.

Just before the war, crude prices were edging upward at over $40 a barrel. Now, according to the Vice President of marketing at Riiser Energy it's back below $30 a barrel.

Riiser's Dave Frankhart says stations are even lowering prices to deplete winter inventories.

We caught up with people fueling up who are pleasantly surprised that prices haven't spiked during the war. They say they are confident that the supply will be adequate because U.S. troops already control oil fields in southern Iraq and most oil wells were not burned.


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