Oil And Gas Prices Hit New Milestones

News Type: Opinion — Seeded on Thu Apr 24, 2008 5:25 AM EDT

Article Source: CBS News

business, economy, middle-east, gas, japanese, crude-oil

"Retail gas prices reached another new milestone Monday, jumping to an average $3.50 a gallon at filling stations across the country. Crude oil prices, meanwhile, kept setting records of their own, spiking to a record above $117 a barrel Monday after a Japanese oil tanker was attacked in the Middle East."

Gas will break four dollars a gallon before the summer's out.

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Oil And Gas Prices Hit New Milestones

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