Oil posts slight loss; gasoline up to $3.33

Published on NewsOK Modified: January 25, 2013 at 2:38 pm •  Published: January 25, 2013
Advertisement
;

In the U.S., the average price for a gallon of gas rose a penny to $3.33, up 4 cents from a week ago. Although the price of oil moved little this week, it did rise more than $4 in the year's first three weeks, and that increase is starting to show up at the gas pump.

Brent crude, used to price international varieties of oil, ended flat at $113.28 per barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 1 cent to finish at $2.88 per gallon.

— Natural gas ended unchanged at $3.44 per 1,000 cubic feet.

— Heating oil fell 3 cents to finish at $3.06 a gallon.

___

Pamela Sampson in Bangkok and Pablo Gorondi in Budapest contributed to this report.