Crude Prices Oil Drop Slightly Wednesday
Posted on: Wednesday, 9 April 2008, 09:01 CDT
Crude oil prices dropped overnight on the New York Mercantile Exchange on concerns demand will fall as spring weather approaches.
Crude prices dropped 40 cents, settling Wednesday morning at $108.10 per barrel. The price of heating oil fell 0.006 cents to $3.1042 per gallon. The price of reformulated blendstock gasoline fell 0.0025 cents to $2.7471 per gallon. Natural gas prices rose 0.131 cents to $9.828 per million British thermal units.
At the pump, the average price for a gallon of unleaded gasoline in the United States reached to $3.343 per gallon Wednesday from Tuesday's $3.331 per gallon, AAA said.
Source: United Press International
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