News for the Panhandle from ProNews 7
Latest news from around the Texas Panhandle, the State of Texas and the Nation/World
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Saturday, October 22, 2011
The announcement of Libyan leader Gaddahfi's death was one event that had an affect on our crude oil prices. The price of oil fell after the death of Libyan dictator Moammar Gadhafi, although it should take months for Libya's oil industry to recover and for the full impact to be felt on world markets. Oil fell $1.08 to $85.03 per barrel in New York on Thursday. At the pump, the price of gasoline was flat at about $3.47 a gallon.
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