this is sort what we thought they wanted all along
Oil Executive Predicts $3 Gas Stabilization
By DINESH RAMDE, AP
Posted: 2008-10-31 10:03:44
MILWAUKEE (AP) - Gas prices are likely to stabilize around $3 per gallon, the head of the nation's third largest oil company predicted.
Jim Mulva, the chairman and chief executive of ConocoPhillips, on Wednesday said gas prices rose too much too fast over the summer and are now dropping too much. He told The Associated Press a $3 price would balance supply and demand, allow oil companies to fund further research and satisfy drivers weary of high prices.
Oil Executive Predicts $3 Gas Stabilization
By DINESH RAMDE, AP
Posted: 2008-10-31 10:03:44
MILWAUKEE (AP) - Gas prices are likely to stabilize around $3 per gallon, the head of the nation's third largest oil company predicted.
Jim Mulva, the chairman and chief executive of ConocoPhillips, on Wednesday said gas prices rose too much too fast over the summer and are now dropping too much. He told The Associated Press a $3 price would balance supply and demand, allow oil companies to fund further research and satisfy drivers weary of high prices.
