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Gasoline prices surge, sporadic shortages spread

...the globe, particularly in the U.S. and China. Energy markets have been on edge because the amount of excess oil production capacity worldwide is only about 1.5 million barrels a day, or less than 2 percent of demand. Crude reached a record...

http://chronicle.augusta.com/stories/2005/09/02/bus_633.shtml
Business
Oil prices rise on Nigeria worries

...crude derivative. A major worry among analysts in the United States and abroad is the world's limited excess oil-production capacity, or supply buffer, which is hovering around 1 percent above daily global consumption of 82 million barrels...

http://chronicle.augusta.com/stories/2004/10/07/bus_430564.shtml
Business
Motorists grumble, but submit to high gasoline prices

...threat of output disruptions in Iraq and Russia also rattled markets jittery about the world's thin margin of excess oil production capacity. On Friday, October oil futures closed at $43.99 a barrel on the New York Mercantile Exchange. But because...

http://chronicle.augusta.com/stories/2004/09/04/bus_427495.shtml
Business
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