Crude Oil Prices Top $94 Per Barrel
February 14, 2008
Crude oil prices jumped Thursday morning to more than $94 a barrel in New York on news that gasoline sales in the United States climbed 23 percent in January.
Crude oil climbed 84 cents on the New York Mercantile Exchange, reaching a high for the year at $94.11 per barrel.
Heating oil prices also climbed, rising 1.79 cents to $2.6335 per gallon.
The price of reformulated gasoline blendstock gained 2.22 cents to $2.4121 per gallon.
Natural gas prices rose 11.7 cents to $8.505 per million British thermal units.
The national average price for a gallon of unleaded stood at $2.979 Thursday morning, up from $2.972 Wednesday, the AAA Daily Fuel Gauge Report said.