Oil Price Climbs With Fear Gas Will Follow
Posted on: Friday, 29 February 2008, 09:01 CST
Crude oil prices spiked above $103 per barrel on the New York Mercantile Exchange, a record price that has analysts speculating gasoline will hit $4 a gallon.
The price at the pump climbed in the United States Friday, but has not reached the record average of $3.22 per gallon.
The AAA Daily Fuel Gauge Report said the average price for a gallon of unleaded gasoline in the country reached $3.164 Friday, up from Thursday's $3.161 per gallon price.
On the exchange, the price of crude settled in electronic trading to $102.05 per barrel Friday morning.
The price of heating oil declined slightly, down 1.56 cents to $2.83 per gallon.
Reformulated blendstock gasoline prices fell 0.97 cents to $$2.486 per gallon.
Natural gas prices dropped 1.8 cents to $9.425 per million British thermal units.
Source: United Press International
Related Articles
- Gas Prices Fall to Less Than $4 Per Gallon
- U.S. Gas Prices Bump Past $4 Per Gallon
- Gasoline prices hit record high last week
- Schwarzenegger asks monitoring of gasoline prices
- Crude Prices Slip, Gasoline Prices Rise
- Gasoline Prices Don't Look to Improve Soon
- Oil Prices Fall; Gasoline Prices Decline
- Oil Prices Fall, Gasoline Prices Surge
- Price Patrol: Gasoline Prices in Select Areas
- Gasoline Prices Hit $2.69, Then Recede
 |
 |
User Comments (0)
RSS Feeds