Gas prices begin to point upward
For the first time since June 2015, the price of oil exceeded $60 a barrel Tuesday on the New York Mercantile Exchange. The daily increase totaled $1.50 per barrel, which would normally amount to 3-4 cents at the pump. Oil prices rose after an explosion on a pipeline in Libya, which feeds one of the country’s export terminals. In addition, struggles continued to restore service to a pipeline in the North Sea.
Updated Dec 28, 2017 at 9:00 AM