Business
U.S. Oil Prices Rise Back Above $80 a Barrel
Gasoline prices have risen even more than prices of crude oil since fighting choked off Persian Gulf supplies, because of lower inventories. RBOB gasoline futures ended Friday at $3.3927 a gallon in New York, their highest prices since late May.
Diesel futures added 14% this week, while national average retail prices rose back above $5 a gallon. Rising prices for the fuel that powers trucks, farm machinery and construction equipment threaten to rev up inflation.
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