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Gas Prices Spike on Refinery Problems in Midwest
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
- Duration 0:57
- Date Aug 1, 2012
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
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It's a big day for Detroit and how that sales -- doing let's start with full year over year sales up 2% but more important blatant sales month over month.
Down 16%.
Forced -- at nine dollars and shaft on that news next General Motors sales down 19%.
Month over a month.
Year over year down 2% not a -- report from General Motors but the stock is holding up twenty.
And checked the price of oil this morning about a crude moving to 8870.
A few moments ago will receive the report that the oil and install.
Went down -- -- significantly.
That's why the price is up 65 cents a barrel.
-- its official at the gas price spike.
The national average for a gallon of regular moved up at 352.
Up four cents from a week ago -- spotted dot com says the refinery problems in the midwest.