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Oil In April 2000

Beginning of paper
W A S H I N G T O N, April 6 — The good news for consumers is gas prices are anticipated to drop this summer. But the bad news is the decline will be slow. With an increase in international oil production as a backdrop, the Energy Department today dramatically revised its forecast for summer gasoline prices. The agency said prices should ....

Middle of paper
.... prices were expected to soar to a national average of as much as $1.80 a gallon and likely reach $2 a gallon in some places by July. So what’s changed between now and then? A key international oil meeting in Vienna, Austria. The EIA in its latest forecast assumed additional oil would begin hitting the U.S. market by June as a result of a decision March 28 by the Organization of Petroleum Exporting Countries. OPEC agreed to boost production by ....

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Number of words: 590
Number of pages: 3 (approx. 250 words per double-spaced page)

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