Is $5 gas coming soon?

Apr 29, 2011, 10:39 by R.E. Christian

Crude oil prices hit $113 even Friday morning in New York, as prices hovered near 2 1/2-year highs with the dollar index flat.

The index that measures the dollar on a prorated scale against six major currencies dropped 0.07 percent to 73.07.

On the New York Mercantile Exchange, June delivery crude oil added 14 cents to $113 per barrel. Home heating oil prices gained 1 cent to $3.2559 per gallon. Reformulated blendstock gasoline prices gained 0.24 cents to $3.372 per gallon. Henry Hub natural gas prices dropped 1.4 cents to $4.557 per million British thermal units.

At the pump, the national average price of unleaded gasoline to rose to $3.909 per gallon from Thursday's $3.886, AAA said.

Source: UPI