NEW YORK AP-Retail gas prices ticked higher Friday, rising for the first time in 43 days as a menacing Tropical Storm Gustav steamed toward offshore oil rigs and coastal refineries.Crude prices also rose, rebounding from the previous day's selloff as worries mounted that Gustav could grow into a dangerous hurricane before entering the Gulf of Mexico area - home to a quarter of U.
August 29, 2008 at 12:00 AM
1 minute read
NEW YORK AP-Retail gas prices ticked higher Friday, rising for the first time in 43 days as a menacing Tropical Storm Gustav steamed toward offshore oil rigs and coastal refineries.
Crude prices also rose, rebounding from the previous day’s selloff as worries mounted that Gustav could grow into a dangerous hurricane before entering the Gulf of Mexico area – home to a quarter of U.S. crude supplies and 40 percent of refining capacity.
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