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Date Posted: 09:01:14 04/20/06 Thu
Author: Varmit
Subject: Something you might want to pass along to all your e-mail addys

Gas use last month was 0.6% less than a year ago, the American Petroleum Institute reported, because "high fuel prices have led to decreased demand for gasoline and other refined oil products."

The U.S. Energy Information Administration said gasoline use the past four weeks was up a slight 0.6% vs. a year ago. Typical is an increase of 1.5%, and that's the growth rate assumed in many industry, analyst and government forecasts.

Cutting back just a little more could cause gasoline prices - which average $2.801 nationwide, up 57.7 cents from last year, according to motorist organization AAA - to drop dramatically, one veteran analyst says.

"If everyone decided to drive 3% less the next 30 days, prices would crash," says Tom Kloza, senior analyst at the Oil Price Information Service.

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