Benchmark crude for May delivery gained 9 cents to $108.03 a barrel in midday trading on the New York Mercantile Exchange. Earlier in the session, the contract reached $108.78 per barrel, the highest price since September 2008. In London, Brent crude rose $1.35 to $119.76 a barrel on the ICE Futures exchange...
Gasoline pump prices have followed oil higher and remain at record levels for this time of year. Gasoline added nearly 2 cents on Monday, reaching a national average of $3.662 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is 16.9 cents higher than a month ago and 83.6 cents more expensive than the same time last year.NEW YORK (AP) -- The price of oil jumped to a fresh 30-month high, above $108 a barrel Monday as fighting in Libya and unrest in the Middle East continued to raise doubts about future supplies.
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