Oil Prices Down Slightly, Gas Up Thursday
June 5, 2008
Crude oil prices declined on the New York Mercantile Exchange Thursday, but gas prices continued to climb.
Crude prices have fallen for three weeks following a U.S. Commodity Futures Trading Commission announcement that it was investigating speculative oil investments.
Crude oil prices fell 0.07 cents Thursday morning to $122.23 per barrel.
The price of heating oil rose 0.0233 cents to $3.5691 per gallon. Reformulated blendstock gasoline prices rose 0.0074 cents to $3.2025 per gallon. Natural gas prices rose 0.096 cents to $12.475 per million British thermal units.
At the pump, the national average price for a gallon of unleaded gasoline continued its climb toward $4 per gallon, reaching 3.989 per gallon, AAA said.