22 May 2008

Gas tops $3.83 a gallon; oil briefly tops $135 before dropping to $130


NEW YORK — Americans getting an early start on the Memorial Day weekend found that gasoline prices again it a record high overnight, reaching a national average above $3.83 a gallon. Some analysts predict gas will break past $4 as early as next week.

Oil prices, meanwhile, fluctuated Thursday after setting a record of $135.09 in overnight trading. A stronger dollar gave some investors reason to sell oil futures to lock in profits from crude's record run. But concerns about falling supplies and rising demand are expected to keep propelling prices higher in the days and weeks to come.

0 Comments:

Post a Comment

<< Home