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Brent crude oil hits 2½-year high on Forties pipeline outage
Brent crude oil prices spiked to the highest level in 2½ years on Monday on news that a major pipeline in the U.K.'s North Sea will shut down for repairs. The Forties pipeline system will close for several weeks while its operator, INEOS, repairs a crack in a pipe discovered last week. The pipeline carries about 450,000 barrels a day of Forties crude from offshore fields in the North Sea to a processing plant in Scotland. Click Read More below for additional information.
AAA Daily Fuel Gauge Report for Friday, 8/21/20
National Average Price for Regular Unleaded Current: $2.188; Month Ago: $2.190; Year Ago: $2.603. National Average Price for Diesel Current: $2.423; Month Ago: $2.434; Year Ago: $2.945.