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Optimism over a rise in demand for oil coupled with tightening of supply through output cuts has bolstered the price of oil. With oil prices now hitting their…
Oil prices globally hit a 10-month high following the Libyan flooding disaster over concerns of supply chain disruptions.
The national average gas price in the U.S. hit $3.83 on Thursday, just one cent below last year’s record price for the Labor Day weekend.
Extreme heat seen in the U.S. in recent weeks can impact oil refineries and, ultimately, gas prices.