Business News

Crude oil tops $94

Motorists flock to lower priced gas stations in Denver on April 15, 2011. Consumers paid an average price of $3.29 a gallon nationwide on Wednesay according to the travel group AAA. UPI/Gary C. Caskey

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Published: Jan. 16, 2013 at 6:29 PM

NEW YORK, Jan. 16 (UPI) -- Crude oil prices rose in New York Wednesday, adding 67 cents to reach $94.12 per barrel on the New York Mercantile Exchange.

Crude oil started at $93.45 per barrel and fell to an overnight low of $93.28 before staging a recovery.

Gasoline added 0.49 cents to $2.726 a gallon. Home heating oil lost 1.9 cents to $3.011 a gallon.

The price of natural gas dropped 0.2 cents to $3.439 per million British thermal units.

At the pump, AAA reported the national average price for regular unleaded gasoline dropped to $3.294 per gallon from Tuesday's $3.297.

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