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Oil futures settled at a record high, adding to the pressure on holiday drivers as gas and diesel also reached new records. Oil rose 76 cents to $127.05 a barrel on the New York Mercantile Exchange, eclipsing the previous record of $126.29. Americans are now paying an average of $3.79 for a gallon of regular gas, according to a survey by AAA and the Oil Price Information Service. Diesel now costs $4.52 a gallon.
1825 K Street, NW, Suite 400, Washington, DC 20006
202-955-5665 (tel) | 202-955-5606 (fax) | www.ourfuture.org
Links:
[1] http://money.cnn.com/2008/05/19/markets/oil_ap.ap/index.htm