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Oil prices peak at highest levels in nearly 3 years

Gains suggest price at the pump will remain high
Oil prices soar to highest level in nearly three years
Posted at 7:39 AM, Sep 28, 2021
and last updated 2021-09-28 08:41:31-04

CORPUS CHRISTI, Texas — U.S. crude oil prices closed at its highest level in nearly three years.

It rallied $2 - closing at $75.45 a barrel on Monday.

That's the highest since Oct. 3, 2018, 2018.

And the first time it's closed above $75 a barrel since mid-july.

The gains suggest prices for gasoline at the pump will remain high -- despite the fact that demand typically peaks in late summer.