Crude oil drops below $100 a barrel

Thursday, May 5, 2011 4:01 PM By dwi

NEW YORK, May 5 (UPI) -- Crude lubricator prices retreated further Thursday, losing $9.44, or 8.6 percent, to resolve at $99.80 a containerful on the New York Mercantile Exchange.

It was the first time since mid-March that lubricator prices winking beneath $100.

Natural pedal tumbled lapse 32 cents to $4.26 per million British energy units.

Home vaporisation lubricator forfeited 17 cents to close at $2.9680 a gallon.

Gasoline winking at $3.0954 a gallon, a loss of nearly 22 cents.

At the pump, the cipher price of a gallon of nonleaded gasoline was $3.985 Thursday, up from $3.982 on Wednesday.


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