Oil and Gas Prices Settle Slightly
Posted on: Monday, 17 March 2008, 09:01 CDT
Crude oil prices dropped from the record $111 Monday on the New York Mercantile Exchange in spite of the U.S. dollar's continued weakness.
The dollar has weakened against the euro and the yen, reaching 96.59 yen Monday morning, while the euro traded at $1.5798.
But, the price of crude, which hit the record Thursday, settled down to $110.33 per barrel Monday morning.
The price of heating oil gained 0.09 cents on the exchange Monday to $3.1555 per gallon.
Reformulated blendstock gasoline prices reached $2.7025 per gallon, up 0.0131 cents per gallon.
The price of natural gas gained 0.0168 cents to $10.036 per million British thermal units.
At the pump, the average national price for a gallon of unleaded gasoline hit $3.283 Monday, down from $3.285 per gallon on Sunday, the AAA Daily Fuel Guage Report said.
Source: United Press International
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User Comments (1)
| 1. |
Posted by Des on 03/17/2008, 10:35 All i ask is that is that gas goes down to 3.00$ again. Theres sooo many different ways to fix this problem, well if you think of it its not really a big one just the oil companys are to **** stubern to let other ideas be put into play. So please american gas company pull your self together and make a difference. |
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