3 n& p1 W. C8 r4 y1 S, TCrude oil prices fell to nearly $50 a barrel Wednesday, their lowest levels since May 2005. 0 }9 j8 t+ l; {0 a1 B6 f2 Q: R5 }% ^9 g% ~: y* z' m3 W5 r
Light, sweet crude for February delivery was down 62 cents to $50.59 a barrel in mid-morning trading on the New York Mercantile Exchange. / w9 U! W" M! E* T; |2 [% y: K. _
February natural gas fell 7.3 cents to $6.565 per 1,000 cubic feet in New York. February heating oil was down 1.24 cents at $1.4679 a gallon. February reFORMulated gasoline futures fell 2.13 cents at $1.3480 a gallon. ) X2 @' g! y7 C# C; h- ]% k( V& `) R% A; l% g+ _- O3 G* ?* x
AAA said Wednesday the average U.S. retail regular-unleaded gasoline price was $2.217 a gallon, down 0.012 cents from Tuesday.2 G! \5 f5 h. F) \! h z9 g, C
6 T2 f' H1 ]8 |' _ @: C2 u5 a 7 u) U& D$ ~$ p. S5 L8 Y9 L1 M o$ ]) U7 e
Source: UPI (January 17, 2007 - 9:30 AM EST)8 f- L8 { |* q, y, ? O8 F- v