Topic: Victor Shum
Gas prices are expected to jump 10 cents Monday to $3.008 per gallon. The rise in gas prices comes as Tropical Storm Isaac churns its way through the Gulf of Mexico.
Oil prices pushed up by worries over European debt crisis. But some analysts see oil prices declining on slowing world growth and seasonal falloff.
Oil price drop: Oil has retreated after gaining 35 percent from February to reach $114 last week. Other commodities that had jumped in recent months, such as gold and silver, have also seen steep declines this week.
05/06/2011 10:53 am