Projo Cars Blog

Gas jumps above $3.67, oil passes $126

2:02 PM Fri, May 09, 2008 |
Peter C. T. Elsworth    Email

NEW YORK -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member, according to the Associated Press.

Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

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