Gasoline futures rose 3.31 cents to settle at $2.1918 per gallon on the New York Mercantile Exchange. Meanwhile, alternative fuel ethanol hit a 7-month high, corresponding to an overall rise in gas prices since last August.
Ethanol futures rose 4.3 cents to settle at $2.280 on the Chicago Board of Trade.
Light, sweet crude for May delivery rose $1.84 to close at $63.85 a barrel on the New York Mercantile Exchange. Brent crude for May rose 88 cents to $68.72 a barrel on the ICE Futures exchange in London.
Thursday, April 12, 2007
Gasoline, Ethanol, Crude Oil Up in Price