The Car and Truck Fleet and Leasing Management Magazine

Crude Oil Price Passes $110 Mark

March 12, 2008

NEW YORK --- Gasoline and oil prices continued their record-setting pace today, with the national average price of regular gasoline at nearly $3.25 a gallon and the price of oil on the futures market surpassing the $110-a-barrel mark.

The AP reported that pump prices are following crude's recent surge, and analysts say gasoline prices could rise as high as $3.75 a gallon this spring.

Meanwhile, light, sweet crude for April delivery reached a new trading record of $110.20, AP reported.  

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