President Bush Urges Congress To Lift Ban On Offshore Drilling

Amid a climate of $4+ gasoline, President Bush states that "Families across the country are looking to Washington for a response,".  Bush stated that offshore drilling could produce over 18 billion barrels of crude oil.
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Gasoline Inventories Decline

The Energy Department reports that gasoline supplies fell 1.2 million barrels last week.  Analysts were forecasting an increase of 1 million barrels.

Crude oil is currently trading down 15 cents at $133.86 a barrel.