Monday, March 23, 2009

Expensive gas is back


By Michael Boshnack

"Oil prices topped briefly $54 a barrel Monday, getting a boost from stock investors who seemed hopeful a new plan to resolve America's banking crisis would spur economic growth. Better-than-expected housing news helped too.

Benchmark crude for May delivery rose $1.73 to settle at $53.80 a barrel on the New York Mercantile Exchange, continuing its upward momentum. Prices climbed as high as $54.05."

To read more about the resurgence of gas prices click here

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