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What You Should Know / July 13, 2011

www.google.com -- Gasoline prices are rising again even though drivers in the U.S. have bought less gas for four months in a row. Oil, which is used to make gasoline, is higher as well. On Tuesday. Benchmark West Texas Intermediate crude for August delivery gained $2.28, or 2.4 percent, to settle at $97.43 per barrel on the New York Mercantile Exchange. Brent crude, used to price many international oil varieties, rose 51 cents to settle at $117.75 per barrel on the ICE Futures exchange in London. "If you look at the macro-economic headlines, we should be closer to $67 (per barrel) than $97" for WTI, analyst Stephen Schork said. But many traders "are going to keep pushing things to see how far they go."

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