Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
8/27/2012 8:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Gasoline Gains 7¢ in Two Weeks to $3.76 a Gallon, Lundberg Survey Reports

Oil Price Fluctuates as Isaac Enters Gulf


Larry Smith/Trans Pixs

Gasoline rose 7 cents in the past two weeks to $3.76 a gallon, and oil prices swung lower as Tropical Storm Isaac entered the Gulf of Mexico.

Midgrade’s average is $3.91 per gallon, and premium is at $4.04, analyst Trilby Lundberg reported in the latest Lundberg Survey of filling stations released Sunday.

El Paso, Texas, had the lowest price among cities surveyed, at $3.32 per gallon, while Chicago was the highest, at $4.22.

Meanwhile, oil prices declined after earlier topping $97 a barrel as Tropical Storm Isaac moved into the Gulf of Mexico, prompting removal of workers from Gulf oil rigs, Bloomberg reported.

Crude futures rose to as high as $97.72 a barrel in early New York Mercantile Exchange, the highest price since May, before later falling below $95, Bloomberg reported.

Isaac, which forecasters predicted would strengthen into a hurricane by Tuesday, was on a path to make landfall near New Orleans by Tuesday evening after passing west of Florida over the weekend, news services reported.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement