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14 December, 2010

Oil Prices Settle Higher After OPEC Meeting

Oil prices settle higher after OPEC meeting - Yahoo! Finance: "Oil resumed its march to $90 a barrel on Monday, promising to bring retail gasoline prices along for the ride.

Benchmark crude rose 82 cents to settle at $88.61 per barrel on the New York Mercantile Exchange. At the pump, the average price for a gallon of regular around the country was $2.98, according to the Energy Department's Energy Information Administration. That's over two cents higher than a week ago and 38 cents above a year ago.

In major cities, pump prices range from $3.30 a gallon in San Francisco to $2.72 in Denver. Drivers in Seattle pay $3.16 a gallon. Gas is $3.11 a gallon in New York City, $3.07 in Miami, $3.05 in Chicago, $3.01 in Boston, $2.94 in Cleveland and $2.79 in Houston..."

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