Friday, October 29, 2010
Gas Prices Remain Steady Nationwide
KENTUCKY...
Gas prices at the pump Thursday were virtually unchanged from Wednesday at a national average of $2.808 for a gallon of regular, according to AAA, Wright Express and Oil Price Information Service. That's 2.3 cents below a week ago and 12.5 cents higher than a year ago.
Oil prices rose on Thursday as the dollar lost some ground against the euro and other foreign currencies. Benchmark crude for December delivery added 24 cents to settle at $82.18 a barrel on the New York Mercantile Exchange.
The price of crude oil and retail gasoline tend to move in tandem. Both have been listless for the past week, with oil prices drifting between about $80 and $83 a barrel. Most analysts think it's because traders and investors are in wait-and-see mode.
Gas prices at the pump Thursday were virtually unchanged from Wednesday at a national average of $2.808 for a gallon of regular, according to AAA, Wright Express and Oil Price Information Service. That's 2.3 cents below a week ago and 12.5 cents higher than a year ago.
Oil prices rose on Thursday as the dollar lost some ground against the euro and other foreign currencies. Benchmark crude for December delivery added 24 cents to settle at $82.18 a barrel on the New York Mercantile Exchange.
The price of crude oil and retail gasoline tend to move in tandem. Both have been listless for the past week, with oil prices drifting between about $80 and $83 a barrel. Most analysts think it's because traders and investors are in wait-and-see mode.
# posted by Homer Owens @ 2:17 PM 
