Oil prices fell $2 Friday to $96.93. But Brent crude oil prices in London remain above $108 per barrel.
Oil stocks are climbing globally, which is sending oil and gasoline prices lower. One factor behind rise in oil stocks: a resurgent Iraq.
Oil futures close down below $98 a barrel in New York. Oil futures fall as dollar strengthens.
Now at an average price of $3 a gallon, gasoline could cost at least $3.50 a gallon by spring. Rising gas prices go hand in hand with higher oil prices, driven up by outlook for a stronger economy.
Gas prices were unchanged from Wednesday but fell 2 cents from last week, bringing the national average to $2.81 a gallon.