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Oil prices down drops slowly, but gasoline prices keep rising trends medio may 2011
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Gas prices predicted to plunge
Press-Telegram -- NEW YORK - Just shy of $4 a gallon, average U.S. pump prices are about to start falling and could hit $3.50 by summer.
You probably won't see a change at the gas station this weekend. But relief will come soon because oil prices fell 15 percent this week, the steepest decline in two and a half years. Oil hit a two-year high of $114.83 in Monday trading. It closed Friday at $97.18......more

Could Gas Prices Trigger Another Recession?
CNN -- We have recently been witnessing political unrest and military conflict in North Africa and the Middle East and a surge in world oil prices. If you have the feeling you've seen this story before, you're right.
Recent concerns about Egypt, for example, might cause some old-timers to recall the Suez Crisis of 1956-57, in which a military conflict led to closing of the Suez Canal and sabotage of some key oil pipelines. Total oil production from the Middle East fell by 1.7 million barrels per day in November 1956, which amounted to 10% of global production at the time.
Many more will remember another Arab-Israeli conflict in 1973, in response to which the Arab members of OPEC refused to sell oil to countries deemed supportive of Israel....more

Oil Turns Lower, Slips Back Below $100
MarketWatch Pulse -- SAN FRANCISCO -- Oil futures failed to hang onto short-lived gains Friday, as some of the worries that dogged oil for the past four sessions resurfaced. Oil for June delivery was recently down 20 cents, or 0.2%, to $99.62 a barrel....more

Barrel Prices Don't Immediately Influence Pump Prices
KFOX 14 -- EL PASO, Texas -- Oil barrel prices don't immediately influence prices you pay at the pump, according to local economics experts.
Instead, increases and decreases in gas prices are influenced by barrel prices over longer periods of time, such as several days or even weeks, according to Dr. Tom Fullerton, an economics professor at the University of Texas El Paso.
However, some local drivers are struggling to believe this....more

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crude oil price trends may 2011,opec predictions, crude oil ,gasoline prices may 2011