New York – Oil prices ended 2009 with a bang, surging by about $10 a barrel in the final two weeks as the country cut into its hefty crude supply.
On Thursday benchmark crude for February delivery added 8 cents to settle at $79.36 a barrel on the New York Mercantile Exchange. Crude barrels, which touched $80 earlier in the day, are 71 percent more expensive than they were at the beginning of the year. Retail gas prices finished the year with six straight days of price increases. The national average added 1.6 cents overnight to $2.639, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 1.2 cents more expensive than a month ago and $1.022 more expensive than the same time last year.
Full Story: In brief: Oil prices rose sharply in 2009 - The Spokesman Review
On Thursday benchmark crude for February delivery added 8 cents to settle at $79.36 a barrel on the New York Mercantile Exchange. Crude barrels, which touched $80 earlier in the day, are 71 percent more expensive than they were at the beginning of the year. Retail gas prices finished the year with six straight days of price increases. The national average added 1.6 cents overnight to $2.639, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 1.2 cents more expensive than a month ago and $1.022 more expensive than the same time last year.
Full Story: In brief: Oil prices rose sharply in 2009 - The Spokesman Review
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