Oil Prices Surge Past $143 A Barrel
Oil prices surged past $143 a barrel for the first time ever Monday, and the price for a gallon of gas hit an all-time high in the United States.
On Friday, crude futures spiked to a record $142.99 a barrel in New York before closing at $140.21.
At the pump, meanwhile, U.S. gas prices continued to climb, reaching a national average of $4.086 a gallon, according to a survey of stations by AAA, the Oil Price Information Service and Wright Express. Gas prices last hit a record on 16 June when a gallon of gas cost $4.08.
As further expectations, of the weakening U.S. dollar is mounting across the globe.
Labels: Oil Market, United States
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