Oil Price Information Service
The price jumped 11 cents in the Garden State and Friday’s weekly increase was something even Jersey drivers consider high.
New Yorkers are poised at the pump for pain the pocketbook, as gasoline prices reach their highest point in years in January.
Wall Street was not for the faint of heart Friday. The breathtaking peaks and valleys of the day came to an end with the Dow closing up 61 points.
It’s hard not to think you’re being gouged when you see the gas prices spike, and in some cases, you are. Aside from that, though, the buying and selling of gasoline is a complicated business based on anticipation as much as reality.
Amid the chaos and turmoil in Libya, some analysts believe the oil prices will soon skyrocket. But according to Oil Price Information Service analyst Tom Closaw, that’s not the case.
Because of the unrest in Libya, oil prices briefly touched $100 a barrel Wednesday for the first time since 2008. It’s a development that’s expected to have a ripple effect on prices across the board.
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