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Gas prices push closer to $3.50 a gallon, while oil slides

NEW YORK -- Retail gas prices set new records Friday on their seemingly relentless march toward $3.50 a gallon, and diesel prices pushed further above $4 a gallon, according to the Associated Press.

Oil futures, meanwhile, fluctuated as a stronger dollar gave some investors reason to lock in profits from crude's recent record run, while others bought on a view that global supplies are tightening.

Posted by Peter C. T. Elsworth  at 11:08 AM to Gas prices | Permalink

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