Energy Prices Gain Strength
Crude oil prices have rebounded from June lows, rising over the third quarter. The spot price of West Texas Intermediate (WTI) crude has averaged $95 per barrel so far in September, and Brent crude has averaged $112. In June, WTI averaged $82 and Brent $95. Retail gasoline and diesel prices have been climbing since July. Regular-grade gasoline was $3.85 a gallon at the beginning of September, slightly above year-ago levels.
Read the full report: Energy Prices Gain Strength