home Oil Prices Crude oil prices jump; What that means for consumers

Crude oil prices jump; What that means for consumers

WEST SPRINGFIELD, Mass. — Crude oil prices have jumped 30 percent over the last 11 days. 22News you what that means for you, the consumer.

The price of crude oil directly affects how much you pay for things like gas for your car and heating oil for your home. Crude oil prices hovered as low as $26 a barrel in recent weeks but has since jumped to about $33 a barrel.

What this means for you, the consumer, is a slight increase in the price of gas when you go to fill up your car, but keep in mind prices are still significantly lower than what they were at this time one year ago.

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