Today, the average price of a gallon of unleaded in Kitsap County is $3.41, according to auto club AAA. That’s up 2 cents from yesterday and 9 cents from a week ago. How far will it go? The price of oil just passed $100 a barrel today, which isn’t comforting. Rachel Pritchett
NEW YORK (AP) — The price of oil passes $100 per barrel for the
first time since October 2008.
Benchmark West Texas Intermediate crude on Wednesday rose $4.59 to
$100.01 in afternoon trading on the New York Mercantile Exchange.
Brent crude, which can be shipped around the world and better
reflects global demand, hit $100 per barrel on Jan. 31 and is now
approaching $112.
Prices have jumped in the past week as protestors in Libya clashed
with supporters of Moammar Gadhafi and appeared to gain control
over parts of the country. Oil companies working in Libya have
pulled workers and idled production operations that provide oil and
gas mainly to Europe.
