Posted on 09/07/2012 6:18:48 AM PDT by 11th_VA
Oil ended the day Thursday at $95.53, up just 17 cents.
Tulsa — While you were sleeping gas prices in Tulsa jumped 15 cents at most Tulsa area convenience stores.
The price at the pump is now $3.69 a gallon for regular unleaded, up from $3.54 on Thursday.
Oil prices rose above $97 per barrel on Thursday, but then gave up most of their gains in late trading.
Prices were also boosted by reports showing more private-sector hiring and fewer unemployment claims in the U.S.
Positive economic news tends to boost oil prices, because traders anticipate that stronger economies will need more oil.
Oil prices were also supported by a report from the Energy Information Administration that showed U.S. crude supplies dropped by more than analysts expected last week. Hurricane Isaac interrupted deliveries of oil imports and refinery activity along the Gulf Coast.
Benchmark U.S. crude reached as high as $97.71 per barrel on the New York Mercantile exchange. However, in late trading, enthusiasm cooled. Oil ended the day at $95.53, up just 17 cents.
Gas prices are KILLING ME. Almost as much as my monthly grocery bill and that includes pet food and paper goods.
Gas jumped here yesterday from $3.61 per gallon in the morning to $3.79 in the afternoon.
I do hope that those affected by this, and that’s just about everyone in one way or another, remembers this on November 6th.
—check out what has happened to the price of corn and soybeans over the last six months for an explanation-—
The problem is that most 0 bummer voters live in cities, use public transportation and eat food bought with food stamps. They won't change their votes because of high prices.
$4.05 a gallon here on the California/Nevada border.
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