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Stock impact report

Gas prices dip heading into Memorial Day weekend [Yahoo! Finance Canada]

BOK Financial Corporation (BOKF) 
Last bok financial corporation earnings: 4/22 07:55 am Check Earnings Report
US:NASDAQ Investor Relations: bokf.com
AAA projects that 43.8 million travelers will head 50 miles or more from home over the Memorial Day holiday travel period, a 4% increase from last year. "It may be counterintuitive but I believe we'll see lower prices into the weekend," Tom Kloza, global head of energy analysis at OPIS, told Yahoo Finance. On Friday the national average for gasoline stood at $3.61 per gallon, down $0.05 from one month ago, according to AAA data. "Retail [gasoline] ultimately follows wholesale and wholesale prices have been slipping well below the numbers seen in the last 3-6 weeks," Kloza said. ADVERTISEMENT The analyst points out the price of gasoline on the wholesale market has been sliding because of the perception that oil supply is slightly outpacing demand. In the last 90 days, the market has seen slight accumulation of inventory in both crude and gasoline. Gas prices at a gas station in Palatine, Ill. on Tuesday. Nationally, prices are down from a month ago. (AP Photo/Nam Y. Huh) ( Show less Read more
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