March 12, 2008
Crude Oil Price Passes $110 Mark
NEW YORK --- Gasoline and oil prices continued their record-setting pace today, with the national average price of regular gasoline at nearly $3.25 a gallon and the price of oil on the futures market surpassing the $110-a-barrel mark.
The AP reported that pump prices are following crude's recent surge, and analysts say gasoline prices could rise as high as $3.75 a gallon this spring.
Meanwhile, light, sweet crude for April delivery reached a new trading record of $110.20, AP reported.