Summary
Oil prices extended their retreat Tuesday to $91.15 a barrel, shedding $10 a barrel in a violent, two-day slide as tumult on Wall Street dims hopes for a swift economic recovery and signals another drop in U.S. energy demand.
Crude, which shot up near $150 a barrel only two months ago, is down 8 percent for the year. Meanwhile, gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks.See the full content of this document
Extract
Oil Falls Below $92, but Prices Jump Locally
In Western Pennsylvania,...
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