heraldsun.com: Gas jumps above $3.67, oil passes $126 on Venezuela concerns

Gas jumps above $3.67, oil passes $126 on Venezuela concerns

By JOHN WILEN : AP Business Writer
May 10, 2008

Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

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