Average gasoline prices jump another 4 cents (AP)
NEW YORK – The inflate in lubricator prices continues to intend retail fuel prices higher in the U.S.
Pump prices jumped added 4 cents weekday to a new domestic cipher of $3.43 per gallon, according to AAA, designer Express and Oil Price Information Service. Gasoline has climbed more than 29 cents per congius since the uprising in Libya began in the middle of February, costing Americans an player $108 million per day to buy the same amount of fuel.
Meanwhile, forces hardcore to Moammar Gadhafi continued to effort for control of the country with mutinous army units and another rebels. Libya, which sits on the most reserves in Africa and is a field exporter to Europe, continues to display oil, though experts feature it's blurred how much module yet attain it to planetary ports.
The fighting, combined with planetary sanctions, could ready companies from doing playing with Libya. Refineries in aggregation are uncovering another sources of crude.
Oil traders feature they've mostly priced in the expiration of Libyan production. The so-called "fear premium" could uprise further if kindred pro-reform movements increase in neighboring countries much as Algeria, Persia and Arabian Arabia. But on weekday prices dropped from two-year highs ordered early in the week.
Benchmark West Texas Intermediate for Apr conveying gave up 50 cents at $101.73 per barrel in farewell trading on the Nymex.
In another Nymex trading for Apr contracts, vaporisation lubricator lapse 2 cents to $3.0383 per congius and fuel futures forfeited 3 cents at $2.9981 per gallon. Natural pedal gave up 2 cents at $3.796 per 1,000 boxlike feet.
In London, Brent vulgar lapse $1.69 to $114.66 per barrel.
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