Oil prices settled at $128.82 per barrel on the New York Mercantile Exchange, down more than $2 on the day and nearly $20 below its record price set a week ago.

The price of heating oil rose 0.0085 cents in late trading to $3.70 per gallon. Reformulated blendstock gasoline prices fell 0.0014 cents to $3.1695 per gallon. Natural gas prices rose 0.11 cents to $10.68 per million British thermal units.

At the pump, the national average price for a gallon of unleaded gasoline fell 0.009 cents to $4.105 per gallon, AAA said.