TITLE

Demand for Crude Oil Has Fuel Prices Pouring Over the Top

AUTHOR(S)
Hampton, Tudor
PUB. DATE
June 2005
SOURCE
ENR: Engineering News-Record;6/27/2005, Vol. 254 Issue 25, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that energy markets showed early warning signs of inflation last October, when the price of crude oil reached more than $51 a barrel during regular trading on the New York Mercantile Exchange. Global price swings, blamed on labor unrest in some oil-producing nations, on top of tight supplies and high demand, sent nominal fuel prices soaring to their highest in history and their inflation-adjusted highest since the early 1980s. A relatively calm winter season; price-wise followed by another record-setter in early April, has construction professionals on the watch for more price swings and making bid adjustments whenever possible.
ACCESSION #
17564269

 

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