Gas jumps above $3.67, oil passes $126 on Venezuela concerns Friday May 9, 10:55 am ET By John Wilen, AP Business Writer Gas pushses above $3.67 a gallon, while oil passes $126 on Venezuela supply concerns
NEW YORK (AP) -- 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.
