gasoline prices

Oil

Oil stays above $104 on crises in Ukraine, Libya

The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.

Benchmark crude for July delivery fell 24 cents to $104.11 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, dropped 30 cents to $110.02 on the ICE Futures exchange in London.

Oil

Oil above $104 ahead of US holiday, Ukraine vote

The price of oil rose above $104 a barrel Friday ahead of a holiday weekend in the U.S. and national elections in Ukraine on Sunday.

Benchmark U.S. crude for July delivery gained 61 cents to $104.35 a barrel on the New York Mercantile Exchange. Oil ended the week with a gain of $2.33 a barrel, or 2.3 percent.

Brent crude, a benchmark for international oils, added 18 cents to $110.54 on the ICE Futures exchange in London.

Oil

Gasoline prices have familiar look as summer nears

NEW YORK (AP) — The price of gasoline looks familiar this Memorial Day. For the third year in a row, the national average will be within a penny or two of $3.64 per gallon.

Stability wasn't always the norm. Between 2003 and 2008 average retail gasoline prices more than doubled, reaching an all-time high of $4.11 per gallon in 2008. Prices then collapsed as the U.S. plunged into recession. But after a two-year run-up between 2009 and 2011, the price of gasoline has remained in a range of roughly $3.25 to $3.75 per gallon.

Drivers can handle that, according to AAA, and are ready to head out for Memorial Day driving trips in the highest numbers since 2005. "It is unlikely that gas prices will have a significant effect on travel plans compared to a year ago," AAA wrote in its annual Memorial Day forecast.

Oil

Oil climbs to $104 as US supplies drop sharply

The price of oil climbed to a one-month high Wednesday after a report showed a large drop in U.S. crude supplies, helped by a decline in imports.

Benchmark U.S. crude for July delivery gained $1.74 to close at $104.07 a barrel on the New York Mercantile Exchange. Oil has now gained 4 percent for the month of May.

Brent crude, a benchmark for international oil, added 86 cents to $110.55 a barrel on the ICE Futures exchange in London.

Oil

Oil down slightly ahead of US supply report

The price of oil fell slightly ahead of the latest report on supplies in the U.S.

Benchmark U.S. crude for June delivery fell 17 cents to close at $102.44 a barrel on the New York Mercantile Exchange. The more heavily-traded July contract gained 22 cents to $102.33.

Brent crude, a benchmark for international oil, rose 32 cents to $109.69 on the ICE Futures exchange in London.

Oil

Oil rises to four-week high, 3 pct. gain for May

The price of oil rose to a four-week high Monday, bringing its gain for the month of May to almost 3 percent.

Benchmark U.S. crude for June delivery fell 59 cents to $102.61 a barrel on the New York Mercantile Exchange. Oil has risen by $2.87, or 2.9 percent, since the start of the month.

Brent crude for July delivery, a benchmark for international oil, lost 38 cents to $109.37 on the ICE Futures exchange in London.

Oil

Survey: US gasoline prices down 3 ½ cents per gallon

CAMARILLO, Calif. (AP) — The average price of a gallon of regular gasoline in the U.S. has dropped 3 ½ cents over the past two weeks.

Industry analyst Trilby Lundberg said Sunday that the price fell to $3.69 because supplies are meeting demand. She predicts prices will continue to drop but at a moderate pace as crude oil prices remain relatively strong.

Oil

US oil price flat for week

The price of oil slipped Friday to just under $100 a barrel, leaving crude nearly flat for the week.

Benchmark U.S. crude for June delivery fell 27 cents to close at $99.99 in New York. The contract ended last week at $99.76.

Brent crude, a benchmark for international varieties of oil used by many U.S. refineries, declined 15 cents to close at $107.89 in London.

Oil

Oil falls to near $100 after China trade data

The price of oil declined Thursday but stayed above $100 a barrel after data showed subdued imports by China, the world's largest crude consumer.

China's customs data showed that imports rose 0.8 percent in April. That's an improvement from the previous month's 11.3 percent decline, but still weak.

Benchmark U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel in New York. Brent crude, a benchmark for international varieties of oil used by many U.S. refineries, fell 9 cents to close at $108.04 in London. The previous day, U.S. crude jumped $1.27 after a surprise decline in the nation's stockpiles.

Oil

Oil slips on weak China data; gasoline price on decline

The price of oil fell slightly Monday, after a report showed a fourth month of contraction in China's manufacturing sector.

Benchmark U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to $107.72 on the ICE Futures exchange in London.

Meanwhile, it's getting cheaper to buy gasoline in the U.S., and one popular price-watching site says prices have hit their springtime peak.

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