Oil Jumps Above $80 On Dollar Fall

Crude oil is on the rise today on the dollar’s fall before the Fed interest rate decision. Benchmark crude for December delivery added 87 cents to $80.47 a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery rose 87 cents to $78.98 on the ICE Futures exchange.

Gas prices hit a new high for the year last week and the national average price for a gallon on Wednesday was around $2.68. That is 22.3 cents more expensive than last month, according to auto club AAA, Wright Express and Oil Price Information Service.