AP
Gasoline Prices Add to Record Gains
Monday April 7, 3:37 pm ET
By John Wilen, AP Business Writer
Gasoline Prices Advance Further Into Record Territory, Driven by Oil and Supply Concerns
NEW YORK (AP) -- Gas prices rose further into record territory Monday, pulled higher by resurgent oil futures and a growing belief that gasoline supplies are falling as the summer driving season approaches.
Oil futures, meanwhile, jumped by more than $2 a barrel as traders bet the Federal Reserve will continue cutting interest rates. Comments from OPEC suggesting the cartel plans no production increases also boosted oil prices.
Gasoline Prices Add to Record Gains- tomorrow bloody
(2008-04-07 13:24:10) 评论 (0) AP
Gasoline Prices Add to Record Gains
Monday April 7, 3:37 pm ET
By John Wilen, AP Business Writer
Gasoline Prices Advance Further Into Record Territory, Driven by Oil and Supply Concerns
NEW YORK (AP) -- Gas prices rose further into record territory Monday, pulled higher by resurgent oil futures and a growing belief that gasoline supplies are falling as the summer driving season approaches.
Oil futures, meanwhile, jumped by more than $2 a barrel as traders bet the Federal Reserve will continue cutting interest rates. Comments from OPEC suggesting the cartel plans no production increases also boosted oil prices.