Crude Oil, Gasoline, Natural Gas Rise
December 27, 2007
Prices for crude oil rose to $96.80 per barrel Thursday on the New York Mercantile Exchange after a report U.S. inventories fell more than expected last month.
Crude oil was up 8.3 cents to $96.80, home heating oil rose 4 cents to $2.68 per gallon, and gasoline was up 3 cents to $2.48 per gallon.
Natural gas prices rose 14.9 cents at $7.195 per million British thermal units in midday trading.
At the pump, the average price of a gallon of unleaded gasoline was $2.981 Thursday, down from $2.973 per gallon Wednesday, the AAA Daily Fuel Gauge Report said.