Pump prices to top ’09 high by weekend
January 6, 2010
(AP) – The cost of filling up the car is rising in the wake of soaring crude and by this weekend, pump prices will race past the highs for all of 2009.
Tracing the ascension of crude, up 14 percent since mid-December, energy prices across the board are catching up. On Tuesday, benchmark crude prices closed higher than they had on any day last year.
Huge surpluses have been falling in recent weeks, contributing to prices already driven higher by the falling dollar.