Saturday, January 9, 2010

Crude Oil Prices Going Up

Crude oil prices

Crude oil prices continue to hold at above $80 per barrel, as cold weather continues to plunge America, and other parts of the world in freezing temperatures.

Fridays' close was at $83 a barrel on the New York Mercantile Exchange, as the cold front continues to linger and shows no signs of leaving any time soon.

Over the last couple of weeks since the cold front has moved down the country, light sweet crude oil prices have continue to go up in response to the cold.

Some other energy prices have gone up as weel, with heating oil increasing to over $2.2 a gallon, while reformulated gasoline prices rose to $2.16 a gallon. One bright spot for consumers was natural gas, which lost 0.06 cents to $5.746 per million British thermal units.

Gasoline prices have shot up to $2.727 a gallon recently for unleaded for a national average.

Crude Oil Prices Going Up

No comments: