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April 7, 2010 / 5:27 PM

Crude oil prices ease back Wednesday

Debra Potter fills up at a gas station in Chicago on July 15, 2009. The Consumer Price Index rose 0.7 percent in June, fueled by the largest jump in gasoline prices in almost five years. (UPI Photo/Brian Kersey)

Debra Potter fills up at a gas station in Chicago on July 15, 2009. The Consumer Price Index rose 0.7 percent in June, fueled by the largest jump in gasoline prices in almost five years. (UPI Photo/Brian Kersey) | License Photo

NEW YORK, April 7 (UPI) -- Crude oil for May delivery settled in New York with prices falling under $86 per barrel.

The price of May delivery lost $1.13 from a prior settlement to $85.75 per barrel on the New York Mercantile Exchange with the dollar index down 0.3 percent. Front-month contract heating oil futures for May delivery lost 0.0296 cents to $2.2387 per gallon. Reformulated gasoline blendstock dropped 0.0383 cents to $2.31 per gallon. Henry Hub natural gas prices shed 0.084 cents to $4.012 per million British thermal units.

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At the pump, the national average price for a gallon of unleaded gasoline rose to $2.844 per gallon Wednesday from Tuesday's $2.83, AAA said.

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