Word: gas
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...gas prices going down...
Gasoline prices are reacting to different forces. As the summer season slows, consumption worries are no longer inflating prices. Refinery utilization, which was hampered by having a few key refineries offline back when gas prices spiked in May, is back to normal, though gas inventories are still a bit low. [This article contains a chart. Please see hardcopy of magazine...
BOTTOM LINE Oil and gasoline prices move together in the long term but in the short term aren't always in lockstep. The disequilibrium won't last, since there's no profit in making cheap gas from expensive oil. Safest bet? Either oil falls, or gas rises...
...Gas Down...
...moderate imam in the place of the fiery extremist leaders whom it blames for this month's violence. But when it was reopened Friday, hundreds of the mosque's former students clashed with police and overran the building, daubing its pale walls with red paint. Police fired tear gas and arrested dozens of protesters. The suicide bomb went off in a restaurant behind the mosque just as police had finally taken control of the riot. The explosion killed at least 13 people, including eight policemen who had gathered as part of the security detail around the mosque. Witnesses say parts...