|
Meanwhile, the Organization of Petroleum Exporting Countries reported that world supplies fell last month by about 100,000 barrels per day, in part because of a large drop in production in Iran. Iranian oil production has suffered as Europe and the U.S. work to limit its exports and force the country to scale back its nuclear program. Western nations fear Iran is building a weapon; Iran denies the claim. At the pump, U.S. retail gasoline prices are flat at $3.83 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gasoline prices have been rising for most of July, but they're still cheaper than what they were in the spring. A gallon of regular unleaded is an average of 55.3 cents cheaper than it was in the first week of April. In other futures trading, heating oil added 4.23 cents to finish at $2.7618 per gallon while gasoline futures rose by 2.2 cents to end at $2.7689 per gallon. Natural gas increased by 11.6 cents to finish at $2.853 per 1,000 cubic feet.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor