Retail gasoline prices rose .001 cent to $1.843 a gallon, according to auto club AAA, the Oil Price Information Service and Wright Express. That’s up 17.5 cents from the previous month but still $1.167 below pump prices a year ago.
In London, the March Brent contract fell $1.18 to settle at $43.62 on the ICE Futures exchange.
In other Nymex trading, gasoline futures fell 2.4 cents to settle at $1.1431 a gallon. Heating oil dropped 9.76 cents to settle at $1.3758 a gallon while natural gas for February delivery slid nearly 16 cents to settle at $4.642 per 1,000 cubic feet.
Associated Press writers Alex Kennedy in Singapore and Pablo Gorondi in Budapest, Hungary, contributed to this report.