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Worries about gas supply pushing up crude oil futures.(The Dallas Morning News)
Byline: Sudeep Reddy
DALLAS _ Crude oil prices jumped Monday to their highest levels since the war in Iraq a year ago, sending gasoline prices to near-record levels well before the year's peak demand period.
Tight supplies across the market have sparked fears of a volatile spring and summer for motorists.
A global economic recovery could give the markets one of their biggest tests in years, as U.S. refiners try to meet consumers' demand heading into the summer.
"The fact that demand is still rising while the price is still rising is never lost on the global producing, refining and distribution community," said Peyton Feltus, president ...
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Source: HighBeam Research, Worries about gas supply pushing up crude oil futures.(The Dallas...