{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Oil prices briefly rise to a record high above $72 a barrel' data-url='/boclips/videos/5c54c0b5d8eafeecae14ccc0' data-video-url='/boclips/videos/5c54c0b5d8eafeecae14ccc0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nOil prices briefly rise to a record high above $72 a barrel\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eNew York - April 20, 2006,1. Various shots gas station in Manhattan2. SOUNDBITE: (English): Chuck Ronaine, voxpop, filling up his tank in gas station\"I still gotta get to work and go where I gotta go, so I just pay the gas.  Two or three...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eNew York - April 20, 2006,\u003cbr/\u003e1. Various shots gas station in Manhattan\u003cbr/\u003e2. SOUNDBITE: (English): Chuck Ronaine, voxpop, filling up his tank in gas station\u003cbr/\u003e\"I still gotta get to work and go where I gotta go, so I just pay the gas.  Two or three less beers, that''s all.\"\u003cbr/\u003e3. Various gas station\u003cbr/\u003e4. SOUNDBITE: (English): Bernadette Panzella, voxpop, after filling her tank at gas station\u003cbr/\u003e\"Well I don''t like the price at all.  I just came back from a trip to Europe so I know that we''re still less expensive than in Europe, but I think it''s a disgrace that our country hasn''t figured out a way to use alternative energy sources so that we''re not so dependent on foreign countries.\"\u003cbr/\u003eNew York - April 10, 2006\u003cbr/\u003eFILE - AP Television \u003cbr/\u003e5. Wide shot pan traders on floor in oil pit at New York Mercantile Exchange\u003cbr/\u003eDate and Location Unknown\u003cbr/\u003eFILE - AP Television\u003cbr/\u003e6. Wide shot oil facility\u003cbr/\u003e7. Wide shot pan oil facility\u003cbr/\u003eNew York - April 20, 2006,\u003cbr/\u003eAP Television\u003cbr/\u003e8. SOUNDBITE: (English): Ray Carbone, oil trader, Paramount Options\u003cbr/\u003e\"The relief (in prices) will come, to me, on the demand side, if prices rise too quickly, too high, we will have what happened right after (Hurricane) Katrina, which is people cutting back on their discretionary driving and we will see prices then come back into line. Right now they''re leaping ahead of the news and ahead of the demand season for gasoline.\"\u003cbr/\u003e9. Various shots gas station Manhattan\u003cbr/\u003e10. SOUNDBITE: (English): Ray Carbone, oil trader, Paramount Options\u003cbr/\u003e\"Once we get into the three-fifty to four-dollar (per gallon of gasoline) area I think that''s about where the Katrine prices topped off, that''s when we''ll see some people rearranging their long drives that they may have planned for the summer.\"\u003cbr/\u003eNew York - April 20, 2006,\u003cbr/\u003e11. Various shots traders on floor NYSE\u003cbr/\u003eNew York - April 20, 2006,\u003cbr/\u003eAP Television\u003cbr/\u003e12. SOUNDBITE: (English): David Wyss, Standard and Poor''s\u003cbr/\u003e\"Oil prices of course hit new record highs, we hit seventy-two dollars for the first time in history.  Frankly the stock market doesn''t seem to care, they''re looking at the earning reports for the first quarter, they''re very strong, especially General Motors this morning, and up to now, since oil prices don''t seem to be affecting corporate profits, the stock market seems relatively calm with the whole thing.  But as we go out the worry is that these higher oil prices are going to squeeze consumers'' ability to continue to spend, that will hit corporate profits, and eventually this is going to come home to roost.\"\u003cbr/\u003eNew York - April 20, 2006,\u003cbr/\u003e13. Various shots traders on floor NYSE\u003cbr/\u003eOil prices briefly rose to a record high above $72 a barrel Thursday, then declined as traders locked in profits from recent rallies and Royal Dutch Shell said a key oil platform damaged by Hurricane Katrina would be producing at pre-Katrina levels by the end of June.\u003cbr/\u003eOil prices settled at a record high for the third straight day on Wednesday after weekly government data showed a drop in U.S. petrol stocks, raising worries that refiners don''t have an adequate inventory cushion ahead of the peak summer season.\u003cbr/\u003eTraders also are anxious that U.S.-led efforts to stop Iran, OPEC''s second-largest member, from pursuing a suspected nuclear weapons program could lead to a disruption in Persian Gulf oil supplies.\u003cbr/\u003eOil futures contracts through November 2009 are now trading above $70 a barrel, indicating traders believe high prices could be here to stay.\u003cbr/\u003ePetrol inventories typically decrease this time of the year as refiners shut plants to perform maintenance ahead of the summer driving season. But there is additional worry about summer petrol supplies in the United States this year because of the prospect of tight supplies of ethanol, which is needed in increasing amounts as refiners phase out their use of methyl tertiary butyl ether, or MTBE - an additive that helps petrol burn more cleanly but which has been found to contaminate drinking water.\u003cbr/\u003eLight, sweet crude for May on the New York Mercantile Exchange rose as high as $72.49 a barrel in electronic trading in Asia, surpassing the previous record of $72.40 set during Wednesday''s trading. The contract, which expires later Thursday, slipped back to $71.30, down 87 cents from Wednesday''s record closing price of $72.17. \u003cbr/\u003eJune crude, which will become the front-month contract on Friday, also slipped but remained above $73 a barrel, trading at $73.25 at midday on Nymex.\u003cbr/\u003eIn its weekly report, the U.S. Energy Department said  on Wednesday that the nation''s supply of petrol shrank by a larger-than-expected 5.4 million barrels last week to 202.5 million barrels. The decline, the seventh in as many weeks, pushed petrol stocks to 4.6 percent below year-ago levels, their lowest level since November.\u003cbr/\u003eConcerns about Iran continue to lift oil prices. Diplomats said on Wednesday the United States may turn to the U.N. nuclear watchdog agency to exert more pressure on Iran out of frustration with Russian and Chinese opposition to firm Security Council action.\u003cbr/\u003eOn Wednesday, Iranian President Mahmoud Ahmadinejad said record crude oil prices were still below their \"real value,\" though he stopped short of saying Iran would use its vast resource as a weapon.\u003cbr/\u003eOn Thursday, Hugo Chavez, president of Venezuela, one of the world''s top oil producers, said oil prices would reach $100 a barrel should concern over Iran''s nuclear weapons capability lead the United States to invade that Middle Eastern nation.\u003cbr/\u003eThough oil futures retreated, U.S. pump prices continued to rise. The average price for a gallon of petrol rose to $2.825 a gallon, up more than 2 cents from Wednesday and more than 60 cents from a year ago, according to AAA''s daily fuel gauge report.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan 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