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Article: Gas prices hit new record as oil jumps to $110
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- March 13, 2008
CopyrightCopyright 2008 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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Gasoline and oil prices extended their record-setting streaks
Wednesday, with gas at the pump reaching a new high of nearly $3.25
and crude surpassing $110 for the first time. The gains came as a
weakening dollar led investors to shrug off an Energy Department
report that crude oil and gasoline supplies jumped last week. The
national average price of a gallon of regular gas rose by 1.9 cents
overnight to $3.246 a gallon, a record, according to AAA and the Oil
Price Information Service. Pump prices are following crude's recent
surge, and could rise as high as $3.75 a gallon this spring,
analysts say. Meanwhile, light, sweet crude for April delivery rose
$1.17 to settle at a record $109.92 a ...
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