COPY-Crude moves above 72 dollars - WSFA.com Montgomery Alabama news.

COPY-Crude moves above 72 dollars

LONDON Oil prices are higher this morning, topping 72 dollars a barrel.

Market players are watching for a reading on demand as Americans enter the peak summer driving period. Memorial Day marks the traditional start of the summer driving season.

Light, sweet crude for July delivery rose 93 cents to 72 dollars, 30 cents a barrel in electronic trading on the New York Mercantile Exchange at midday in Europe.

There's speculation that gasoline demand could rise in the U-S as Americans are more likely to take domestic vacations due to a weakening dollar and rising airline ticket prices.

Traders also are watching the upcoming start of the hurricane season, which is expected to be active. Hurricanes last year caused heavy damage to key oil infrastructure in the Gulf of Mexico.

Triple-A says the national average for unleaded gasoline stands at two dollars, 85 cents a gallon.

The statewide average, according to Triple-A Alabama, is two-67 a gallon for regular; midgrade fuels hovers at almost two-86; and premium two dollars, 94 cents a gallon.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • NewsMore>>

  • Vernon: Damp day ahead, more heavy rainfall Sunday night

    Vernon: Damp day ahead, more heavy rainfall Sunday night

    Sunday, February 25 2018 1:01 PM EST2018-02-25 18:01:12 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)
    (Source: WSFA 12 News)(Source: WSFA 12 News)

    What was once a very low severe weather threat this morning has dwindled to nothing as we move through our soggy Sunday. 

    More >>

    What was once a very low severe weather threat this morning has dwindled to nothing as we move through our soggy Sunday. 

    More >>
  • Political end to Olympics: NKorea offers talks with US

    Political end to Olympics: NKorea offers talks with US

    Sunday, February 25 2018 2:16 AM EST2018-02-25 07:16:08 GMT
    Sunday, February 25 2018 12:59 PM EST2018-02-25 17:59:11 GMT
    (AP Photo/Patrick Semansky). A volunteer walks in a foggy Pyeongchang Olympic Plaza during the 2018 Winter Olympics in Pyeongchang, South Korea, Saturday, Feb. 24, 2018.(AP Photo/Patrick Semansky). A volunteer walks in a foggy Pyeongchang Olympic Plaza during the 2018 Winter Olympics in Pyeongchang, South Korea, Saturday, Feb. 24, 2018.

    Pyeongchang closes its chapter of the modern Olympics on Sunday night with tales of detente and competitive grit and volunteerism and verve.

    More >>

    Pyeongchang closes its chapter of the modern Olympics on Sunday night with tales of detente and competitive grit and volunteerism and verve.

    More >>
  • 3 dead from severe weather in Arkansas, Kentucky

    3 dead from severe weather in Arkansas, Kentucky

    Sunday, February 25 2018 2:25 AM EST2018-02-25 07:25:46 GMT
    Sunday, February 25 2018 12:58 PM EST2018-02-25 17:58:30 GMT
    (Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River  Saturday, Feb. 24, 2018 in Cincinnati.  Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...(Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River Saturday, Feb. 24, 2018 in Cincinnati. Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...

    A man in northeast Arkansas and a woman in south central Kentucky both were killed as the storm that also included strong winds, hail and heavy rain that triggered flooding muscled its way through the area, according to authorities.

    More >>

    A man in northeast Arkansas and a woman in south central Kentucky both were killed as the storm that also included strong winds, hail and heavy rain that triggered flooding muscled its way through the area, according to authorities.

    More >>
Powered by Frankly