Gas prices set new record
LINK, http://news.yahoo.com/s/ap/20070514/ap_on_bi_ge/oil_prices;_ylt=AhMEaK7_SOzPXGBJUR3fHUvMWM0F
Gas prices set new record
By JOHN WILEN, AP Business Writer
Mon May 14, 11:43 AM ET
NEW YORK - Gasoline prices hit a new record at the pump on Monday, but traders sent oil and gasoline futures prices in different directions as they weighed mixed news from overseas.
The average national price of a gallon of gas hit $3.073 on Monday, up almost a penny from Sunday's also record-setting price. Gasoline is now well above the previous record of $3.057, set on Sept. 5, 2005, soon after Hurricane Katrina hit.
But gasoline futures for June delivery fell 2.09 cents to $2.3312 in midday trading on the New York Mercantile Exchange. Light, sweet crude for June delivery rose 36 cents to $62.73 a barrel on the Nymex.
Heating oil futures fell less than a penny to $1.8761 per gallon on the Nymex, while natural gas prices gained 17.3 cents to $8.072 per 1,000 cubic feet.
Brent crude for June rose 6 cents to $66.89 a barrel on the ICE Futures exchange in London.
Gas prices set new record
By JOHN WILEN, AP Business Writer
Mon May 14, 11:43 AM ET
NEW YORK - Gasoline prices hit a new record at the pump on Monday, but traders sent oil and gasoline futures prices in different directions as they weighed mixed news from overseas.
The average national price of a gallon of gas hit $3.073 on Monday, up almost a penny from Sunday's also record-setting price. Gasoline is now well above the previous record of $3.057, set on Sept. 5, 2005, soon after Hurricane Katrina hit.
But gasoline futures for June delivery fell 2.09 cents to $2.3312 in midday trading on the New York Mercantile Exchange. Light, sweet crude for June delivery rose 36 cents to $62.73 a barrel on the Nymex.
Heating oil futures fell less than a penny to $1.8761 per gallon on the Nymex, while natural gas prices gained 17.3 cents to $8.072 per 1,000 cubic feet.
Brent crude for June rose 6 cents to $66.89 a barrel on the ICE Futures exchange in London.
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Relax.Things will get better.I just signed an oil lease on my property last thursday. The moment they strike oil there, the market will crash and oil will be back at $20 a barrel. 0 -
quote:The average national price of a gallon of gas hit $3.073 on Monday
$3.30/gallon here.[:(]0 -
I'd say. Unleaded 87 octane is $3.29 in Rice Lake WI. 0 -
On my way to work this morning I saw one station that last thursday was $3.22,sunday it was $3.35, today it's $3.49. Can't wait till memorial day.[:(!] 0 -
We are still the lowest in the country.. NO complaints..[:)]
http://www.gasbuddy.com/GB_Price_List.aspx0
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