Thursday, January 3, 2008

Oil - $100 a barrel

Crude oil prices rose above $100 per barrel and closed just below $100 yesterday. That, is a first.

The price of oil accounts for roughly two-thirds of the pump price of gasoline, according to the US Energy Information Administration.

January 2, 2008 $99.62
January 2, 2007 $61.05

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