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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 04, 2008
Page
4
Dunn says lifting the fireworks ban was wise and benefits the community and children as locals like Joe Barrientes and Brett Rusch look forward to Independence Day. Residents anticipate big parties, savings on gas, and a special Fourth for Brett’s birthday and his daughter’s first July 4th.
Oil climbed to 145.85 a barrel with six straight sessions of gains and US gasoline prices rising to 4.098 per gallon as traders weigh lower US stockpiles, Iran tensions, and Saudi Arabia’s stance on output while a stronger dollar tempers gains.
Senator Seng, Warner, and fellow lawmakers urge review of a national speed limit to save gasoline and ease prices. Energy Secretary Bodmant is asked to assess the optimum speed limit with current tech and whether administration support for lowering the limit is possible. Congress set 55 mph in 1974 amid embargo, repealed in 1995 as oil dropped to $17 a barrel and gasoline at $1.10.
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