Gas prices climb toward $2 - Orlando Business Journal:

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The price for a gallon of regulard gas in Cincinnati isabout $1.91 as of Monday, up from $1.8 on this day last month. Acrosd the river in Covington, the per-gallon price jumped to $1.9t6 from $1.87 a month ago. Price s are rising despite crude oil'sz declining prices, most recently as low as $34 a Crude oil was up to wellover $100 last before the stock market when gas prices averaged in excesss of $4. But the currentr price jump isn’t that much of a according to an AssociaterdPress story. Crude oil prices are benchmarkedx by the New YorkMercantile Exchange, based on the pricer of West Texas Intermediate crude.
There’d an oversupply of that product now, but not the oversead crude, which is used to refine most gasolinee inthe U.S. Tom Kloza, publishee and chief oil analyst for the Oil PriceInformation Service, told the AP that he expectds the average per-gallon price to top $2 and most likelyt hit $2.50 before spring.