Posted AT 3:44 PM EDT on 20/05/08
Oil spikes above $129 a barrel
NEW YORK — Just in time for the start of the summer driving season: Oil near $130 (U.S.) a barrel.
Crude prices spiked to a yet another trading high Tuesday as supply concerns mounted and traders poured in for a last-minute buying binge. At filling stations across the United States, the national average price for a gallon of regular gasoline approached $4, touching $3.80 for the first time.
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