Stimulus and Mideast violence send oil prices higher
Mon, 17 Sep 2012 20:35:15 GMT —
Multiple factors pushed a barrel of oil to settle at its highest price since April. As a result, retail gas prices are expected to follow suit with an increase at the pump. A barrel of oil settled Friday at $99 on the New York Mercantile Exchange--$2.58 more than the week prior.
The Federal Reserve's announcement last week to move forward with more stimulus measures in an effort to spur economic growth caused oil prices to jump. In addition, the escalated violence in the Mideast and North Africa has led
Georgia's gasoline average of $3.77 fell 4 cents from last week The national average price of regular unleaded gasoline is $3.86