Tuesday, June 3, 2008

Gas prices keep climbing even as oil prices drop

AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago....in Europe, light, sweet crude contract for July delivery was down 65 cents at $130.38..."Fears that soaring oil prices could damage demand continue to weigh on sentiment," said a report from research firm JBC Energy in Vienna, Austria....On Wednesday, the Nigerian rebel group The Movement for the Emancipation of the Niger Delta threatened new attacks on oil installations to mark the one-year anniversary of President Umaru Yar'Adua's inauguration....

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