Oil prices surged as trading resumed Monday, rising as much as 6.6 percent in London to the highest intraday level since July 2015. Brent crude has climbed more than 20 percent since OPEC announced on Nov. 30 that it would cut production for the first time in eight years and was at $56.54 a barrel at 7:04 a.m. in New York. “If all of these cuts are realized in the market, we could see prices potentially rise beyond $65 by May when the next OPEC meeting is convened,” said Sushant Gupta, director of Asia Pacific refining at Wood Mackenzie Ltd. in Singapore. click Read More below for more of the story
National Average Price for Regular – Current: $2.290; Month Ago: $2.285; Year Ago: $1.963.
National Average Price for Diesel – Current: $2.515; Month Ago: $2.514; Year Ago: $2.072.