WSAW - HomePage - Headlines

No Pinch at the Pumps

By: Carrie Hutton
Updated: Mon 4:13 PM, Mar 24, 2003

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.


Weather for Wausau, Wisconsin
54° F
Clear
Sun
65 40
Mon
62 42
Tue
67 50
Wed
79 65

News Videos

WSAW's Most Commented

powered by Disqus
WSAW-TV 1114 Grand Ave. Wausau, WI 54403
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 269886