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Friday, July 27, 2012

Gasoline futures prices rise july 27 2012

Gasoline futures prices rise july 27 2012 : Gasoline rose on speculation that central banks will boost economic stimulus measures to spur growth, and as the U.S. economy grew more than forecast in the second quarter.

Gasoline for August delivery rose 2.32 cents, or 0.8 percent, to $2.837 a gallon on the New York Mercantile Exchange. Prices are down 3.6 percent this week. The more actively traded September contract gained 2.26 cents, or 0.8 percent, to $2.7596.

Heating oil for August delivery rose 0.71 cent, or 0.3 percent, to $2.8756 a gallon, and has declined 1.7 percent this week. The September contract advanced 0.765 cents to $2.877.

Regular gasoline at the pump, averaged nationwide, fell 0.2 cent to $3.488 a gallon, AAA said today on its website. It was the first decline since July 9. Prices have fallen 11 percent from a year-to-date high of $3.936 on April 4, according to AAA, the nation’s largest motoring organization.

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